HFG Review

About HFG

HFG Forex is operated by H Four Glory Pty Ltd (formerly Grand Signal Markets Pty Ltd), registered in Melbourne, Victoria, Australia (ABN 96 640 745 400) at Room No. 2, Unit 701, 167 Queen Street, Melbourne, VIC 3000. It purportedly began operations on May 6, 2020, and the domain hfgforex.com.au was registered on October 9, 2023. The firm claims it obtained authorization via BaileyHenry Capital Group Pty Ltd on June 17, 2022, under an ASIC-appointed representative arrangement (AR license number 001281851), with permission limited to providing general financial product advice to wholesale clients. However, there is no record of active licensing for retail services, and the ASIC-authorized representative status was reportedly ceased on June 16, 2022. Available information does not include platforms, asset classes, account types, minimum deposits, commissions, spreads, maximum leverage, base currencies, swap-free options, hedging/scalping rules, or domain variations.

Who it’s for

• Wholesale or institutional clients only, as the firm's authorization was limited to these types of clients under ASIC-appointed representative provisions.
• Entities aware of regulatory limits and willing to verify licensing status before engaging.

Pros and cons

Pros

• Registered in Australia with disclosed company details (ABN, address, entity history, domain registration date).
• Brief regulatory footprint via an appointed representative with ASIC (though limited in scope and now ceased).

Cons

• No active or valid license for retail client services; appointed representative status reportedly ceased June 16, 2022, and no current ASIC AFS license is evident.
• No verification of services such as platforms, assets, account specifications, leverage, fees, or support for retail clients—information missing or lacking.
• Marked as unregulated or suspected of fraud in secondary sources, with no supporting documentation or clarity on regulatory compliance.