Company Profile
Company Profile
Review summary
General Information
HeliFX is an offshore broker. The issue with offshore brokers is that they violate the law and are unreliable. Keep in mind that this broker is anonymous and that they can vanish at any time without warning.
You should be able to readily find out who the CEO of this brokerage business is, who is operating it, etc., to ensure that you are working with a licenced and well-known broker. Since you don't know who will be handling YOUR MONEY, a lack of knowledge raises serious red flags. Your money is not secure with HeliFX due to this.
Supported Trading Plaform
web
Broker News
Beware! It's an offshore broker, HeliFX.com. Your investment might be in jeopardy..
Here's a broker who confused us right now. It is definitely unique, and we applaud it for doing something that very few other things have been able achieve. We are immediately transported aboard a spaceship on a protracted voyage into the unknown after visiting HeliFX.com's website. This broker's stylish design and simplicity, or lack of depth, go hand in hand with its intriguing aspect. We had to consider the broker's disadvantages, with the biggest one being the scarcity of information.
Unfortunately, HeliFX.com makes an effort to inform consumers of almost all the relevant information, but along the way, it has overlooked some vital information, the most significant of which are the terms and conditions. The review that follows covers HeliFX.com in full detail.
Registration resembled login into a video game, which matches with the broker's overall style. We quickly gained access to a user area, which turned out to be a fully functional web trading software. That is to say, the web trader is actually the main page, and all other sites are sub-pages accessible through a little menu.
In any case, neither a spread nor a cost of transaction for the EUR/USD pair were displayed by the terminal. The web trader turned out to be a scam and did not provide all possible buy/sell pricing scenarios. Users who are unable to understand spreads risk being caught in a trap since larger spreads cost their clients more money! The accessible assets are divided into equities, indexes, commodities, cryptocurrencies, and FX currency pairings. We discovered that the leverage is restricted at 1:1000, a very risky number! Whether it's a legitimate broker or a rogue broker, using a high level of leverage can result in immediate losses.
There are no additional languages than English on the corporate website.
HELIFX.COM DEPOSIT/WITHDRAW METHODS
Users can invest with a minimum of $10 via one of three basic methods: wire transfer, credit or debit cards, or a cryptocurrency wallet.
The same techniques used for deposits and withdrawals are used. The absence of the terms and conditions, the only area where brokers often disclose their withdrawal and occasionally depositing fees, further diminishes the lack of any withdrawal information that we can uncover.
Available assets
forex
commodities
indexes
Stocks
FUND FEES
As is customary, illegal brokers do charge service fees, administration costs, Dorman account fees, and other fees for both withdrawals and regular internet usage. The processing timeframes range from one to five days on average.
What leverage does HeliFX provide？
The broker promotes leverage of up to 1:1,000, which was long ago outlawed in the United Kingdom. In actuality, using such high amounts of leverage carelessly might result in severe losses. However, if you want higher levels, look into a list of reputable brokers who provide leverage of 1:500.
