Please can anyone help with HuproFX www.huprofx.com, I think they are Market Makers and are cheating clients as I lost USD10, 000 in a week.

Hi

I was just wondering if u ever heard of Hupro FX,

They said it based in UK and Hong Kong, the site seems new. And I even value the site it is only worth $40.

I dont know if it is safe to send them the capital in Hong Kong Standard Chartered. It is confusing enough because I dont even know under what regulation Hupro FX is controlled by.

regarding Hupro FX its scam to my understanding. look at this.

Amounts deposited to your account(s) with HuproFX are not insured in the same respect and are not entitled to the same protections afforded to funds deposited with a bank. Customers of HuproFX can lose their entire investment in an event of insolvency of HuproFX

HuproFX will act as counterparty in all transactions for your account. This means that you are buying and selling currencies in transactions with HuproFX as principal.

just use another there are so many to choose

There isn't much to learn about this broker. I haven't traded with HuproFX to provide a review.
They are not regulated. Their mailing address is in UK, yet in the agreement, there is no mentioning of the country which Governmental laws they'll be using when solving disputes, so I can't confirm the physical country of origin or the registration.

As someone earlier mentioned on our website, the broker claims to exist for over a decade.
Yet there isn't much (actually nothing at all) about them on the net: no reviews, feedback, talks anywhere.
(So, without that information, I could only assume that they are new to the industry).

Looking at the Trade Agreement, we can read that the company has no funds protection or segregation or insurance:
"8. Trader has no recourse if Hupro goes out of business. Trader must look only to Hupro for performance on all contracts in Client’s accounts and for return of any margin or collateral. The insolvency of Hupro or a default by Hupro could cause Trader to lose the value of its account and to suffer additional losses from open positions."
(This is to be considered in conjunction with the absence of the regulation).

If to continue collecting further information from their website, we can see the fine print that states:
"*Hupro International Inc. does not accept clients from the United States, the United Kingdom, or British Virgin Islands."
(This rises the question about their posted address in UK).

So, these are facts I was able to find, now you can look at your options and make own decision.

hai people , can anyone coat me with the real situation of what i have experiance. has any one encounter problem such as actualy invested in the company and had sudden changes in their account cause them to loose everything. this is where by hupro representative claims that acc trades was manupulated by computer or unknown people which they cant identify. they have told me that they will rectify the problem for me by tracing the ip address of the transaction done. is that posible ?when a trade is done is it posible for them so easly trace the ip add of the trader ?
please let me know hard earn money in stake !

so my next step will launch a police report and sue this company is it?