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Hedgex Fund Review: Is it a Scam? 2024 Review

Ricardo Fernandes| Updated: January 9, 2024

Have you come across Hedgex Fund on the internet? With limited information, you might be curious to explore more about this Indian forex investment firm.

Hedgex Fund presents itself as a disruptive forex investment firm, offering Meta4 and Meta5 trading technology platforms for forex, CFD, and equity trading. However, it’s important to note that Hedgex Fund raises some suspicion as it operates without regulatory oversight.

Want to know if Hedgex Fund is safe, the regulations it holds, and how it operates? Look no further – this Hedgex Fund review is your ultimate guide to uncovering the truth about this forex investment firm.

Is Hedgex Fund a Scam?

Unfortunately, Hedgex Fund doesn’t seem to be safe! This Indian forex investment firm operates without regulation or authorisation from any financial authority, raising concerns about the safety for investors.

While the absence of regulatory oversight does not guarantee that Hedgex Fund is a scam, it’s crucial to note that this red flag may expose investors to potential fraud risks. Legitimate brokers hold licenses from reputable financial regulatory bodies, providing investors with higher security due to strict standards and regulations.

SEBI: Securities and Exchange Board of India

The financial markets in India are regulated by SEBI, which provides authorisations and oversees financial intermediaries, such as forex investment firms. After thorough research conducted by our team, we have concluded that Hedgex Fund/HedgexFund is not authorised, or even recognised by the regulatory body, confirming our earlier statement.

Hedgex Fund Review: Is it a Scam? 2024 Review 1

Hedgex Fund is not recognised by SEBI (Source: SEBI)

Trustpilot: Hedgex Fund Reviews

Trustpilot has only five reviews for Hedgex Fund, which may not be statistically significant. However, in our Hedgex Fund Review, we will shift the focus away from the negative reviews and delve into the promotional aspects that some appear to carry.

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Propaganda Reviews on Trustpilot about Hedgex Fund (Source: Trustpilot)

The nature of these reviews is similar, casting doubts on their legitimacy and raising questions about Hedgex Funds’ modus operandi. There seems to be a pattern of promising returns based on the deposit amount, which serves as a warning sign. This raises concerns about the authenticity of Hedgex Funds and their business practices.

Hedgex Fund Domain

On the Hedgex Fund website, the company presents itself as having initiated operations in 2008 under its parent company, HedgexFund Trading & Co. However, upon attempting to research the parent company, our team needed an online presence. Furthermore, the domain hedgexfund.com, currently used by the company, was registered in April 2022.

Although this doesn’t conclusively prove anything, it raises concerns about the authenticity of the information provided on the company’s website, serving as a potential red flag.

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hedgexfund.com domain registration date (Source: Hedgex Fund, who.is)

Hedgex Fund Employees

Our team conducted a thorough analysis of the company’s LinkedIn presence and found that Hedgex Fund has only one registered employee on LinkedIn and the parent company mentioned on the company’s website does not have a profile on social networks.

These findings raise further suspicions about the company, especially considering that, as stated on the website, the company boasts over 15 years of history, founded in 2008 and comprised of experienced investment bankers. The absence of LinkedIn information becomes a significant red flag in light of these claims.

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Hedgex Fund registered employees on LinkedIn (Source: LinkedIn)

Hedgex Fund Review

Even if you still wish to proceed with your investment, it’s important to note the need for more information on the company’s website. Several links intended to provide detailed information are currently unavailable.

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Error in every link, “Learn More” (Source: Hedgex Fund)

Markets and Products

Hedgex Fund discloses five categories of bonus income on their website. Still, this term raises suspicions about its legitimacy. This is because Hedgex Fund references bonuses and achievement validation, creating the impression that the platform is more akin to a ‘game’ than a legitimate investment platform.

Despite these concerns, the company highlights three solutions that seem to be real: Forex Trading, HedgexFund Trader Account, and HedgexFund Community. These offerings provide tangible investment solutions beyond mere bonus structures.

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Problems & Solutions offered by Hedgex Fund (Source: Hedgex Fund)

Forex Trading

The company presents itself as having a robust management system and infrastructure. Hedgex Fund also highlights that a large team of over 300 expert traders utilises the provided tools and software to conduct trading activities. The reference to ‘inbuilt tools and software’ indicates the presence of proprietary technology or systems specifically designed for managing accounts in forex trading.

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Forex solutions offered by Hedgex Fund (Source: Hedgex Fund)

The company presents itself as having a robust management system and infrastructure. Hedgex Fund also highlights that a large team of over 300 expert traders utilises the provided tools and software to conduct trading activities. The reference to ‘inbuilt tools and software’ indicates the presence of proprietary technology or systems specifically designed for managing accounts in forex trading.

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Investment Options (Source: Youtube Hedgex Fund Review)

HedgexFund Trader Account

The company offers a trading account for investors using the platform, extending the services of managed accounts.

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Trader Account offered by Hedgex Fund (Source: Hedgex Fund)

Once more, our team experienced an issue with the link behind the ‘Learn More’ button, hindering information about this feature. While the information is vague, our team discovered several online videos showcasing an “active investment”, which we believe to be the Hedgex Fund trader account.

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Active Investment (Source: Youtube Hedgex Fund Review)

HedgexFund Community

Once more, the link to access this feature is currently inactive. However, Hedgex Fund provides investors with a community that aligns with the information collected by our team online, showcasing the company’s copy trading offerings with a strong emphasis on affiliate links.

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Hedgex Fund Community (Source: Hedgex Fund)

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Hedgex Fund Community Evidence (Source: Youtube Hedgex Fund Review)

Educational Resources

Hedgex Fund provides a range of educational materials for investors on their website. These resources cover topics ranging from Market Overview to Technical Analysis, with backlinks to another broker, IFC Markets. It’s important to note that the content is not provided by Hedgex Fund but is instead highlighted by IFC Market.

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Educational Resources offered by Hedgex Fund (Source: Hedgex Fund)

Hedgex Fund provides investors with insights through its market overview and technical analysis offerings. The Market Overview covers the latest trends, news, and events across various asset classes such as forex, stocks, commodities, and indices. Additionally, the platform offers technical analysis reports and tools, including chart patterns and indicators, empowering traders to make well-informed decisions.

Features

Hedgex Fund offers investors several noteworthy features; however, the current state of this section on the company’s website reveals two significant issues:

  1. None of the links providing additional information (“Learn More”) are functional at the time of writing;
  2. The platform makes promises of unrealistic returns, emphasising steady and exponential gains. This highlights the challenges of non-regulated brokers, as they are not bound by guidelines, including those on promotional messages.
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Features offered by Hedgex Fund (Source: Hedgex Fund)

Hedgex Fund claims to offer personalised customer support via phone, e-mail, live chat, and SMS. However, it’s important to note that investors may face significant troubles in accessing contact information due to a less straightforward process. Hedgex Fund relies heavily on social media platforms for client interaction, potentially lacking the responsiveness and personalised support offered through direct communication channels.

Hedgex Fund Alternatives in India

Hedgex Fund raises safety concerns for Indian investors! However, there’s no need to worry. Our team has meticulously compiled a set of alternatives that we believe are safer and more suitable for you. In this collection, our emphasis is on alternatives featuring investment products similar to Hedgex Fund’s primary focus, which is Forex.

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#1 Best alternative overall

Min. deposit of $500 (equivalent to INR)
Excellent reputation (founded in 1978)
+100 Currency pairs on Forex
View BrokerHedgex Fund Review: Is it a Scam? 2024 Review 16Read review
Interactive Brokers summary
Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products and low currency conversion fees (FX fees)
Supported countriesWorldwideRegulatorsSEC, FINRA, SIPC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB
Products offeredStocks, ETFs, Bonds, Forex, Funds, Options, FuturesInterest on uninvested cash4.830% in USD, 3.483% in EUR, 4.754% in GBP
Fractional SharesYesDemo accountYes
FP markets

#2 Best for Low Spreads

Min. deposit of $100 (equivalent to INR)
Low spreads from 0 pips
+70 Currency pairs on Forex
View BrokerHedgex Fund Review: Is it a Scam? 2024 Review 16
FP Markets summary
Founded and regulated since 2005, FP Markets stands as a leading global Financial Technology services provider, specialising in Forex and CFD trading. It offers low spreads on hundreds of markets through Forex and CFDs on Stocks, Indices, and Commodities
Supported countriesWorldwide (exceptions include the U.S)RegulatorsASIC, CySEC, FSCA, FSA, FSC, and MISA
Products offeredForex, Cryptocurrencies, CFDs on Stocks, ETFs, Indices, and CommoditiesInterest on uninvested cashNo
Fractional SharesNoDemo accountYes

75.31% of retail CFD accounts lose money.

Hedgex Fund Review: Is it a Scam? 2024 Review 18

#3 Best for Forex and CFD Trading

Min. deposit of $0
Low spreads from 0.1 pips
+100 Currency pairs on Forex
View BrokerHedgex Fund Review: Is it a Scam? 2024 Review 16
Pepperstone summary
Founded in 2010, Pepperstone offers a range of investment products, including Forex and CFDs on Stocks, ETFs, Indices, Commodities, and Cryptocurrencies. Pepperstone also provides a social trading platform called DupliTrade that enables automated investment strategies directly from your MetaTrader account
Supported countriesWorldwide (exceptions include the U.S)RegulatorsFCA, BaFin, CySEC, DFSA, ASIC, CMA, and SCB
Products offeredForex, and CFDs on Stocks, ETFs, Indices, Commodities, and CryptocurrenciesInterest on uninvested cashNo
Fractional SharesNoDemo accountYes

74-89% of retail CFD accounts lose money.

Bottom Line

The Hedgex Fund is a forex investment firm operating from India, a country where it is not regulated. In addition to lacking regulation by the Securities and Exchange Board of India (SEBI), it is also not regulated or authorised by any foreign reputable authority, raising concerns about legality, transparency, and authenticity in its operations.

Our team has thoroughly investigated all available information and concluded that there are controversial points, particularly related to the lack of online information, a non-functional website, and a significant portion of the information on platforms such as YouTube appearing as clear propaganda. This extends to reviews on TrustPilot. 

Furthermore, the promise of steady and exponential returns poses a risk when dealing with unregulated investment firms, as they may not adhere to promotion guidelines and make unrealistic scenarios.

Based on all the evident security shortcomings, we do not assert that Hedgex Fund is a safe choice for an investor. Therefore, throughout the article, we have proposed valid alternatives for Indian investors, namely Interactive Brokers, FP Markets, and Pepperstone, which offer a more secure investment environment.

Ricardo Fernandes
Fintech Analyst

Ricardo Fernandes is an undergraduate management student with a passion for finance and business. He serves as the CEO of one of Portugal's most promising junior initiatives, the Minho Investment Association, and holds the role of Ambassador for the renowned BIG-4 firm, Ernst & Young (EY).

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