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HDG Markets
Regulators:
https://www.hdglimited.com/
HDG Markets is not a licensed or regulated broker even though it states offers that look good to be true. HDG Markets claims to a licensed broker under multiple regulations, including:
1) the United Kingdom Financial Conduct Authority (FCA);
2) the United State National Futures Association (NFA) (NFA ID: 0545805);
3) the Australian Securities & Investment Commission (ASIC) (License Number: 001295273).
First, we did not find any match results to HDG Markets in FCA or ASIC. Second, we indeed found a matching result in NFA's registry, however, HDG Markets is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." HDG Markets doesn't satisfy these conditions.
The truth is, HDG Markets is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like HDG Markets and trade with licensed brokers.
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