Hiyax Trading Review
Updated: April 2, 2026
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Review
Contents
Contents
Fast Facts
About Hiyax Trading
Hiyax Trading operates the websites hiyax.com and utrega.com and is not authorised by the UK Financial Conduct Authority (FCA) to provide financial services in the UK. The FCA issued a warning on June 4, 2025, stating that Hiyax Trading is an unauthorised firm and may be offering financial services without permission; clients would not be covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme ().
The firm does not display any valid regulatory credentials and lacks transparency regarding licensing, office address, account types, trading platforms, asset classes, spreads, leverage, or other standard broker information ().
Pros and cons
Cons
- Not regulated by any recognised authority (e.g., FCA, ASIC, CySEC), meaning investors have no legal protections or compensation schemes ().
- FCA issued a warning regarding unauthorised operation, highlighting potential risk of scam ().
- Lacks disclosure of essential information such as office location, licenses, trading conditions, and account details ().
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