Thinking of getting into business with HAN Forex? Here is what you must know about this broker. Carefully read this review to find out if han-forex.com is the trading platform you will want to trade with.
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About HAN Forex Broker
HAN Forex is an offshore brokerage company with a lot of promises for traders. The broker address shows it is from United Kingdom under a brand name called HAN Global Investing Limited.
Added, the broker claims regulation from NATIONAL FUTURES ASSOCIATION.
To clarify, in spite the trading instruments HAN Forex claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
han-forex.com: Reasons to Avoid This Broker
Firstly, han-forex.com is a platform with no financial authority overseeing its financial services. We discover the broker is not approved among licensed brokers in the National Futures Association, NFA data-base.
Secondly, we noticed han-forex.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under withdrawal policy, HAN Forex provides no specific information on withdrawal fee nor processing days on any withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
HAN Forex minimum deposit is not available.
As for the payment methods, the broker accepts Credit cards, Bank Transfer, Neteller, Skrill and more. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
HAN Forex Platform
HAN Forex offers MT4 (Industry standard trading platform), however, that doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, It can get up to 1:500. In fact, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
HAN Forex Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is han-forex.com a Reliable Broker?
No, han-forex.com does not seem like a reliable broker for traders even though it promises offers that look good to be true. The broker has shown no interest in discussing its account types, deposit, withdrawal and even clearer legal documents.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.