ANSWER HXI FX is an unregulated broker that we advise against trading with.The website of HXI FX is currently unavailable, suggesting issues with this broker's reliability and resources. A well-functioning website is necessary for a broker to showcase necessary information including its licenses and to facilitate trading. What's more, numerous cases have indicated that fraudsters often abscond with investors' funds after shutting down their websites. Therefore, as the website of HXI FX is down, we strongly suggest you avoid engaging with it, if you have received messages from this broker via other means like social media or chat applications.Furthermore, the Spanish National Securities Market Commission (CNMV) has added HXI FX to its warning list and warned the public that the firm is not authorised to provide the investment services in the country.In conclusion, HXI FX is an unregulated broker. It comes with significant risks involving financial losses and identity theft, as there are no rules in place to safeguard investors. As such, to mitigate such risks, investors are encouraged to stay away from unregulated brokers like HXI FX and instead choose a fully regulated one.
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