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HXQNA

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Operating status: SCAM

Website: https://hxqna.com/

Broker violations and abnormal records
  • 2024-09-05 BaFin issues a warning about HXQNA

    On Sep 6, 2024, the Federal Financial Supervisory Authority (BaFin) issued a warning about HXQNA for the lack of the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_09_06_HXQNA_en.html

    On Sep 6, 2024, the Federal Financial Supervisory Authority (BaFin) issued a warning about HXQNA for the lack of the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_09_06_HXQNA_en.html
  • 2024-09-08 BrokersView has reviewed that HXQNA is an unregulated broker

    HXQNA vaguely claims to be registered with the Financial Crimes Enforcement Network (FINCEN) to appear legitimate. However, it is critical to note that the MSB registration doesn't equate to the authorization from a financial regulator.

    In addition, the Federal Financial Supervisory Authority (BaFin) has issued a warning about HXQNA, noting that the website of the broker is identical to those of fraudulent ones previously flagged by them and that the HXQNA has no required authorization.

    In essence, HXQNA is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    HXQNA appears to be a scam.

    HXQNA vaguely claims to be registered with the Financial Crimes Enforcement Network (FINCEN) to appear legitimate. However, it is critical to note that the MSB registration doesn't equate to the authorization from a financial regulator.In addition, the Federal Financial Supervisory Authority (BaFin) has issued a warning about HXQNA, noting that the website of the broker is identical to those of fraudulent ones previously flagged by them and that the HXQNA has no required authorization.In essence, HXQNA is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.HXQNA appears to be a scam.

Related Complaints

Q&A

Need help, check on HXQNA.

Kinga Hajek
Malaysia
2024-09-10
ANSWER Dear Investor,We are concerned that HXQNA is a scam.Website Similarity: HXQNA's website is identical to those of some fraudulent brokers in structure, content, and graphic design.Unreliable Regulatory Claims: The company vaguely claims to hold an MSB registration in the US to support its assertion of "being strictly regulated." However, the MSB registration does not carry the same weight as a license from a financial regulator and cannot be perceived as a valid license to offer financial services or products.BaFin Warning: Additionally, the Federal Financial Supervisory Authority (BaFin) has issued a warning about HXQNA due to its lack of the required authorization.Therefore, we strongly suggest you avoid using HXQNA given such warning signs. To have a safer trading environment, it is recommended to opt for fully regulated brokers.
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