HeinerFx Review: All the Red Flags About Them
HeinerFX is presenting itself as a regulated broker that is based in the UK. On top of that, they are also claiming to be an award-winning brokerage that offers the industry standard trading platform MetaTrader4.
But of course, all of that is just a bunch of lies this investment scam has said and done. Since there is a lot to cover here, we decided to make this HeinerFX review, so we can bring you closer to this scammer.
|Regulation||Unregulated scam broker|
HeinerFx Reliability – Regulation and Security
HeinerFX is owned by HeinerFX Limited and they are presenting to be a UK-based company and brokerage. Of course, in order for that to be true, they need to be regulated by the main watchdog FCA.
Unfortunately, that is not the case with this scammer. There is no mention of HeinerFX or HeinerFX Limited anywhere on the FCA’s registers. We also checked the registers of other Tier 1 regulators such as BaFin, CONSOB, CySEC, and others, to see if there would be any luck there.
But truth be told, HeinerFX is nowhere to be mentioned in any of those registers. This just confirms that HeinerFX is an unregulated and most probably offshore company that is trying to pass as a legit one.
On top of that, we also want to warn you about the MondialFx scam broker, as your funds are in danger with them. If you were scammed by any of these scam brokers, feel free to reach us. We can help you get a chargeback.
Trading Platform Available at HeinerFx
HeinerFX is claiming and advertising itself as a broker that has an industry standard by now trading platform MetaTrader4. But in order to be able to even access it, you first need to register with the broker and provide all of your personal details.
After we have done that, we saw that the broker actually offers a basic-looking Web Trader that has no advanced functions that both the MT4 and MT5 have to offer.
HeinerFx Account Types
On the website of the scammer, we saw that they offer four account types but they are all for gold investments. Here are those accounts:
- London gold
- Gold T+D
- Paper gold
- Physical gold
The only difference between the accounts is leverage and very unclear conditions. On top of that, the minimum deposit was nowhere to be found on their website.
Leverage is set too high, with the cap at 1:100, which directly violates the ESMA rules of the leverage cap at 1:30. This and the lack of the minimum deposit requirements, confirm that you are dealing with a fraudulent broker that has no good intentions. Additionally, the broker also failed to provide a Demo account, so it’s for the best to simply avoid them altogether.
|Broker||HeinerFx||FXTM||OctaFX||FPMarkets||XM Broker||HFM||FBS Broker|
Deposits and Withdrawals
Another mystery about HeinerFX is their deposit methods. Mainly because we have checked their website multiple times in order to find something, but we were left in the dark.
Usually, all regulated brokers will state their deposit methods clearly on their main page, but that is not the case with this scam. They are not transparent with their clients and they have ill intentions.
As for the withdrawals, that is again another mystery. We believe that you will not be able to ask for a withdrawal with this broker whatsoever.
How is the Fraud Delivered?
All these fraudsters, including HeinerFx and Tesler, pose as brokers to take advantage of the general public’s lack of knowledge of trading. And the agents calling are professionals who have many ways to get you on board with making an investment.
All those trading ads are full of fake stories promising easy earnings and once you decide to leave your personal information to learn more, the agents will call you daily to try and convince you that what they are offering is a legit thing.
So, in case you have ever been scammed by this broker, remember that getting your money back is possible but it just takes time. We would be thankful if you can share your experience with us since we can help you report your scammers to the authorities.
Recommended Forex Brokers
Avoiding all the scams that can be found online is a serious task. So, in order to help you out, we have created this table below. In it, you can find all the important information such as the minimum deposit, and the country of these user-recommended brokers.
Choosing one of these brokers who haven’t violated any terms and conditions will ensure your money is safe. Additionally, only when working with a regulated broker will there be some profit at the end of the day.
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
HeinerFx is yet another unregulated scam broker that claims to be based in the UK but fails to provide any additional info like their address, email, or even a phone number. It’s needless to say that the broker has no license and follows no regulations regarding trading.
The minimum deposit is nowhere to be found on their website and the leverage is 1:100 which is just too high. The trading platform is a basic web trader and there is not even a demo account option if you want to try out the broker’s services before you actually commit.
In conclusion, there are way too many red flags you should ignore in case you ever do decide to work with this broker
FAQs About HeinerFx Broker
Is My Money Safe With HeinerFx?
No, your money is not safe with this scam broker as they are no more than a lousy scam operating without a proper license.
Does HeinerFx Offer a Demo Account?
No, HeinerFx only offers live trading accounts, with no demo account option.
Is HeinerFx a Trustworthy Broker?
No, HeinerFx is not a legit or trustworthy broker you can work with, so be sure to avoid them.