HAN Forex review – 5 things you should know about han-forex.com

HAN Forex review – 5 things you should know about han-forex.com

Rating: 1

Beware! HAN Forex is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


HAN Forex attempts to portray itself as a regulated, award-winning broker operating in some of the leading global financial centers. However, these attempts are not convincing at all. It is clear at a glance that something is wrong with this website – the content is in broken English and the information available is contradictory and does not stand up to scrutiny.

It can certainly be said that HAN Forex is not a legitimate broker. Scammers are obviously behind this website and you should not trust them with your money.


On the main page of the website one can read the claim that a company called HAN Global Investing Limited is behind it, which “is supervised by the America government“. Such wording is dubious in itself, but in addition an address is given in London, United Kingdom:

A company registered in September 2021 under the name HAN Global Investing Limited can be found on the UK General Register of Companies. However, this company is not a broker. In order to operate as a broker in the UK, the company must be licensed by the Financial Conduct Authority (FCA). However, no broker with this name can be found in the regulator’s database:

To operate as a forex broker in the United States, a company must be registered as a futures commission merchant and foreign exchange dealer with the Commodity Futures Trading Commission (CFTC) and to be a member of the National Futures Association (NFA).

There is a supposed NFA certificate attached in the “Supervision” section of the HAN Forex website. However, the NFA register shows that although there is a company called HAN Global Investing Limited, it is not a member of the NFA and is not subject to NFA oversight. This company is only registered with exemptions for commodity pool operator and commodity trading advisor, which prevents it from providing financial services in the U.S.

The scammers behind HAN Forex apparently use a tactic common among fake brokers – they register as a regular company in a reputable jurisdiction and present it as a licensed broker.

But the inconsistencies with HAN Forex don’t end there. The “About Us” and “Why Choose Us” sections of the website mention a company with a slightly different name – HAN Company Global Limited:

In many places in the text it states that this company provides brokerage services in Australia. But again, a check of the database of the relevant regulator, the Australian Securities and Exchanges Commission (ASIC), shows that there is no licensed broker with the name HAN Company Global Limited or HAN Global Investing Limited.

It appears as if parts of HAN Forex’s website were just taken directly from a previous project by the same scammers.

You should only trust legitimate brokers who are indeed operating in one of the established financial centres like the UK, EU, USA or Australia. There, the activities of brokers are controlled by powerful regulatory bodies such as Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) and Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.


Despite its overall shadiness, HAN Forex has an actual trading platform – MetaTrader 4 (MT4). HAN Forex does not provide login credentials for the platform if the identity of the account owner is not verified. Here is how the platform looks like with a Demo account:

It is advisable to contact one of the many legitimate brokers that offer MT4 or the newer MT5. These platforms have established themselves as industry standard because they offer a wide range of features, including a wide variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.


The HAN Forex website lacks required legal documentation such as Terms and Conditions and a Privacy Policy. Links to these documents simply refer to the index page. It also lacks descriptions of different account types and clear information on trading conditions.

From the information available, it appears that the “minimum net account value” is 500 USD. In comparison, many licensed brokers offer micro accounts for novice traders with a minimum deposit of 100 USD or less.

According to the website, the leverage offered is the “standard” level of 100:1 and can be raised to 500:1. However, this is not the standard in any of the jurisdictions in which HAN forex claims to operate.

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 30:1 for trading in major currency pairs and even lower levels for more volatile assets. The same rules currently apply to Australia. In the US, the maximum limit is slightly higher at 50:1.

There is no information about the spread on the website. In the MT4 platform levels of 0.5 pips can be seen with a Demo account. This would be a very competitive level if HAN Forex was a legitimate broker, which it clearly is not.


HAN Forex’s website lists multiple payment methods, including bank transfer, credit/debit cards and popular e-wallets like Skrill, Neteller, PerfectMoney and Cashu:

However, the client portal lacks a deposit menu, so we could not confirm which of these methods, if any, are indeed available. It is possible that at the time of writing this review the HAN Forex system has not yet been completed. There is “Withdrawal Management” menu with options to add bank card or digital wallet information, but these options were not active without confirming identity.

There is no information on fees or withdrawal terms.


The online space is full of ads promising easy money. They sound too good to be true, because they are not – they are outright scams. Many of these fraudsters pose as brokers and take advantage of the general public’s ignorance of the capital markets.

If you give your contacts to one of these scammers, they will start convincing you that they will multiply your money, with nothing required of you but to sit back and take profits. If you agree to an initial investment of a few hundred dollars, they will start persuading you to invest more and more.

But you will never get the promised profits or the money you deposited. Scammers have many ways to ensure this. First of all, they are hidden behind offshore companies, not subject to controls and regulations. For the money transfers they use shady payment platforms, direct bank transfers or cryptocurrencies that make recovering money very difficult and often impossible. The terms and conditions are always riddled with traps that also block your ability to withdraw your money, such as prohibitively high minimum trading volume requirements or withdrawal fees amounting to tens of percentages of your funds.


Recovering money you have given to fraudsters is difficult and often impossible. Fraudsters always want you to provide them with documents such as a copy of your ID and proof of address so that they can claim that it is a legitimate transaction, agreed voluntarily between both parties. If the transaction is made by credit or debit card, you can request a cashback and hope for the best, but transactions via wire transfer or cryptocurrencies are not refundable.  It is important not to trust online offers from people who offer to recover your money in exchange for an upfront payment, because this is also a well-known scam.

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