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No valid regulatory information, please be aware of the risk!
My application for withdrawal has been processed for a week
Please be careful... The two cheated me of commissions and taxes... Don't believe this platform
I'm unable to withdraw after nine-day auidit. I asked the customer service and they said I should add the fund to $5000 to wewithdraw.
The people in the photo are frauds who cheat u into investing. She use the photos of Jasmine. I don’t know whether the photos are herself or not. But it’s so hateful. Besides Honch, they also cheat people into investing in PF, both of them are fraud platforms.
There is over 220,000 $ in my account but I can't withdraw.
It’s said it is in maintenance... but it has been over a month... And today the web is disabled
Please do not believe this fraud platform. Can't iwthdraw funds after profiting... And suspend my account and clear my account balance.
At first, I invested $1000 in order to manage my fund. When I want to withdraw money, the customer service said I could withdraw 7% of my deposit after a week’s audit. And then when I want to withdraw some money, the customer service said I must invest $5000 in order to withdraw the money. How bad the platform is!
Can’t withdraw funds... They also closed my account... Please help me
I can’t withdraw funds after paying commission and tax.... Please do not believe this broker... It’s a 100% fraud broker
I can't log in for several weeks. It is upgrading now... Please beware of it... My account is blocked by them... And the customer service is out of contact, so is the analyst
Warning of the broker illegal, the first time he said I can invest any amount of money no have minimum but soon analyst tell me.I can'trade without 10,000usd ,I was wondering and asked to withdraw all my money,analysts told me to help withdraw tonight after trade ,in the end I didn't get my money back because them took me trade that night lost all money and them said I have debt-1777
The manager lied that fifty thousand dollars must be deposited to make a withdrawal.
They cheated me of commissions and taxes. But they don't admit now. I heared they are cheating others with other platform now
|Registered Country/Area||United Kingdom|
|Founded Year||2-5 years|
|Company Name||Honch International Limited|
|Regulation||Lacks valid regulation|
|Maximum Leverage||Up to 1:100|
|Spreads||Average spread: 2 pips for major currency pairs, 4 pips for minor currency pairs|
|Trading Platforms||Not specified|
|Tradable Assets||Forex, equities, commodities, interest rates|
|Account Types||Standard Account, Premium Account, VIP Account|
|Demo Account||Not specified|
|Islamic Account||Not specified|
|Customer Support||Email: firstname.lastname@example.org|
|Payment Methods||Wire transfer, credit card, debit card|
|Educational Tools||Not specified|
Honch International Limited is a brokerage company based in the United Kingdom. However, it is important to note that Honch International lacks valid regulation, which poses a significant risk to potential clients. Recent reports indicate that there have been 14 complaints filed against the company within the past three months alone, raising concerns about its legitimacy and potential involvement in fraudulent activities. Individuals should exercise caution and be aware of the risks associated with engaging with Honch International.
Honch International offers various market instruments in different categories. In the field of foreign exchange (FOREX), they provide spot transactions, forward contracts, swaps, and options. They also offer market instruments related to equities, commodities, and interest rates. However, it's important to consider the potential risks and limitations associated with trading these instruments through Honch International due to its lack of valid regulation.
The company provides different account types, including standard, premium, and VIP accounts. Each account type has its own minimum deposit requirement, monthly fees, and benefits. However, it's worth noting that customers may face limitations in terms of research tools and the absence of an account manager, depending on the chosen account type. It's important to carefully evaluate the features and benefits of each account type before making a decision.
Overall, potential clients should approach Honch International with caution due to the company's lack of valid regulation and the number of complaints filed against them. It's advisable to thoroughly research and consider alternative options that provide more reliable and regulated services.
Honch International presents a range of pros and cons for potential clients to consider. On the positive side, Honch International offers market instruments in various areas, providing opportunities for diversified trading. The company also provides leverage options, allowing traders to amplify their positions. Additionally, Honch International offers multiple account types with an accessible minimum deposit requirement. The company supports diverse deposit and withdrawal methods. However, there are several drawbacks to be aware of. Honch International lacks valid regulation, which may raise concerns about its legitimacy. The company has also received numerous complaints within the past three months, indicating potential issues with its services. Furthermore, there is a lack of educational resources and advanced trading tools, and the website appears to be broken and ineffective. Additionally, there is limited information available on payment methods, and the company lacks specific trading platforms.
|Offers market instruments in various areas||Lacks valid regulation|
|Provides leverage options, up to 1:100||Numerous complaints within the past 3 months|
|Multiple account types available||Lack of educational resources and advanced trading tools|
|Accessible minimum deposit of $100||Monthly fee for premium and VIP accounts|
|Diverse deposit and withdrawal methods||Broken and ineffective website|
|Reasonable processing times for withdrawals||Limited information on payment methods|
|Lack of specific trading platforms|
Honch International is a broker that lacks valid regulation, posing a significant risk to potential clients. Verified reports indicate that the number of complaints lodged against the company has reached 14 within the past three months alone, raising concerns about its legitimacy and potential involvement in fraudulent activities. It is essential for individuals to exercise caution and be mindful of the risks associated with engaging with Honch International.
Honch International offers various market instruments in the field of foreign exchange (FOREX). These instruments include spot transactions, forward contracts, swaps, and options. Spot transactions involve the immediate exchange of two currencies at the prevailing market rate. Forward contracts enable customers to agree upon a future exchange of currencies at a predetermined price. Swaps involve simultaneous purchases and sales of two currencies with different settlement dates. Options provide the holder with the choice to buy or sell a currency at a specified price within a given timeframe.
Honch International provides market instruments related to equities, which represent ownership in a company. These instruments include stocks, exchange-traded funds (ETFs), and warrants. Stocks are shares of ownership that individuals can purchase in publicly traded companies. ETFs are investment funds that track the performance of specific indexes or asset portfolios. Warrants are options that allow the holder to buy or sell stocks at a predetermined price within a specified period.
Honch International offers market instruments in the realm of commodities. These include metals, energy, and agricultural products. Metals encompass precious metals like gold, silver, and platinum. Energy commodities comprise oil, natural gas, and other energy resources. Agricultural products include crops like wheat, corn, soybeans, and other relevant agricultural commodities.
4. INTEREST RATES:
Honch International presents market instruments related to interest rates. These instruments involve swaps, futures, and options. Swaps are contracts that facilitate the exchange of interest payments between different debt securities. Futures contracts allow customers to buy or sell an interest rate instrument at a predetermined price on or before a specific date. Options provide the holder with the right to buy or sell an interest rate instrument at a specified price within a given timeframe.
Pros and Cons
|Offers a wide range of market instruments in various areas||Limited types of instruments available|
|Provides opportunities for trading in foreign exchange (FOREX)|
|Allows access to market instruments related to equities and commodities|
Honch International offers a standard account option, requiring a minimum deposit of $100. This account type provides access to the online trading platform without any monthly fees. While it offers limited research tools, customers do not have an account manager assigned to them.
For those looking for more features, Honch International offers a premium account with a minimum deposit of $10,000. This account type entails a monthly fee of $50. Customers with a premium account gain access to live market data, additional research tools, and the advantage of having an account manager to assist them.
Honch International provides a VIP account for high-net-worth individuals or those seeking comprehensive services. To qualify for a VIP account, a minimum deposit of $100,000 is required, along with a monthly fee of $100. VIP account holders enjoy access to all Honch International services and have the privilege of a personal investment advisor to provide tailored guidance and support.
Pros and Cons
|Accessible minimum deposit of $100||No demo account available|
|Premium account offers additional features||Monthly fee for premium and VIP accounts|
|VIP account provides comprehensive services||High minimum deposit and monthly fee|
Honch International offers leverage options for trading activities. The leverage ratio provided is up to 1:100, allowing traders to amplify their positions by a factor of 100.
Honch International applies spreads and commissions to its trading services. The average spread for major currency pairs is 2 pips, while for minor currency pairs, it is around 4 pips. As for commissions, the fee per lot for forex trades is $7, and for stock trades, a commission of $10 per trade is applicable.
Honch International has a minimum deposit requirement of $100. This provides accessibility for a wide range of individuals looking to start their investment journey. With the minimum deposit set at $100, customers can enter the platform and begin investing with a reasonable entry point.
Honch International offers a range of deposit methods to its customers, including wire transfer, credit card, and debit card. This diverse selection allows users to choose the method that suits them best. The minimum deposit amount required is $100. At the same time, the maximum daily deposit limit is set at $100,000.
Honch International provides customers with multiple withdrawal methods, including wire transfer, credit card, and debit card. This allows users to withdraw their funds. The minimum withdrawal amount is set at $100. The maximum daily withdrawal limit is $100,000, catering to individuals with financial requirements.
FEES AND PROCESSING TIMES
For wire transfer withdrawals, Honch International charges a fee of $10 to cover processing costs. Credit card and debit card withdrawals are subject to a $5 fee to cover transactional expenses. Wire transfers typically take 1-3 business days to process. Credit card and debit card withdrawals are usually processed within 1-2 business days.
Pros and Cons
|Offers a range of deposit methods (wire transfer, credit card, debit card)||Wire transfer withdrawals have a $10 fee|
|Minimum deposit amount of $100||Credit card and debit card withdrawals have a $5 fee|
|Mu Minimum withdrawal amount of $100 accommodates smaller balances||Wire transfer withdrawals take 1-3 business days to process|
|Credit card and debit card withdrawals processed in 1-2 business days|
Honch International does not currently provide any specific trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5) accounts, despite mentioning MT5 on their website. The website itself appears to be broken and ineffective, potentially hindering users from accessing the desired information or functionalities related to trading.
|N/A||Lack of specific trading platforms like MT4 or MT5|
|Broken and ineffective website, hindering access to information|
|Potential limitations in functionalities for trading|
Honch International offers customer support through a team reachable via email at email@example.com. This allows customers to seek assistance, ask questions, or resolve any issues they may have while using Honch International's services.
The reviews of Honch International on WikiFX are mixed. Some users have reported positive experiences, highlighting the variety of deposit and withdrawal methods offered by the company. However, there are also negative reviews mentioning issues with the trading platforms and the website, including broken functionalities and ineffective customer support. Overall, the reviews indicate a range of experiences with Honch International, with both satisfied and dissatisfied customers.
In conclusion, Honch International Limited, a broker based in the United Kingdom, presents both advantages and disadvantages. On the positive side, the company offers various market instruments in foreign exchange, equities, commodities, and interest rates. It provides different account types, including a standard, premium, and VIP account, catering to various investor needs. Additionally, Honch International allows leverage options for trading activities and has a reasonable minimum deposit requirement of $100. Furthermore, it offers a diverse selection of deposit and withdrawal methods. However, there are significant concerns regarding the company's legitimacy, as it lacks valid regulation and has received a notable number of complaints within a short period. The absence of specific trading platforms and issues with the website's functionality also raise usability concerns. Potential clients should exercise caution and thoroughly evaluate the risks associated with engaging with Honch International.
Q: Is Honch International a legitimate company？
A: Honch International lacks valid regulation and has received numerous complaints, raising concerns about its legitimacy and potential involvement in fraudulent activities.
Q: What market instruments does Honch International offer？
A: Honch International offers market instruments in FOREX, equities, commodities, and interest rates.
Q: What are the account types available at Honch International？
A: Honch International provides standard, premium, and VIP account options with varying features and benefits.
Q: Does Honch International offer leverage？
A: Yes, Honch International offers leverage options up to 1:100.
Q: What are the spreads and commissions at Honch International？
A: The average spreads for currency pairs range from 2 to 4 pips, and commissions apply to forex and stock trades.
Q: What is the minimum deposit required by Honch International？
A: The minimum deposit requirement at Honch International is $100.
Q: What are the deposit and withdrawal methods at Honch International？
A: Honch International offers wire transfer, credit card, and debit card as deposit and withdrawal methods.
Q: How long does it take to process withdrawals at Honch International？
A: Wire transfers take 1-3 business days, while credit card and debit card withdrawals are processed within 1-2 business days.
Q: Does Honch International provide specific trading platforms？
A: Honch International does not currently offer specific trading platforms.
Q: How can I contact customer support at Honch International？
A: Customer support at Honch International can be reached via email at firstname.lastname@example.org.
Q: What do reviews say about Honch International？
A: Reviews of Honch International on WikiFX are mixed, with both positive and negative experiences reported.
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