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 MT4 and MT5 trading technology platforms for forex, CFD, and equity trading.
Want to know if Hedgex Fund is safe, what 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 of 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.
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.
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.
User reviews
Trustpilot has only seven 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.
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.
The team
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.
Other warning signs
Hedgex Fund offers investors several noteworthy features; however, the current state of this section on the company’s website reveals two significant issues:
- None of the links providing additional information (“Learn More”) are functional at the time of writing;
- 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.
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
74-89% of retail CFD accounts lose money.
72.50% of retail CFD accounts lose money.
Bottom line
The Hedgex Fund is a forex investment firm operating from India, 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 its legality, transparency, and authenticity.
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.
Given the evident security shortcomings, we do not think 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.
