Broker Review

Platform Overview

HodextFX markets itself as an online brokerage offering access to various financial markets, including forex, cryptocurrencies, commodities, indices, and shares. The platform claims to provide competitive spreads, advanced trading tools, and multiple account types to cater to different trading needs. It also offers features such as daily market updates, premium trading tools, and funds protection up to $1,000,000. However, upon closer examination, several concerns have emerged regarding its legitimacy and regulatory standing.

Regulatory Status and Warnings

Several reputable financial authorities have issued warnings about HodextFX:

• Financial Conduct Authority (FCA): The UK’s financial regulatory body issued a warning on October 16, 2025, indicating that HodextFX may be offering financial services without the necessary authorization.

• BrokersView: This platform reviewed HodextFX and confirmed that it is not regulated by any authority. Despite claims on the website of being regulated by the Seychelles Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC), no matching information was found in their records.

These warnings suggest that HodextFX operates outside of any formal regulatory framework, increasing the risk for potential investors.

User Feedback and Complaints

Numerous user complaints have surfaced, alleging fraudulent practices and misrepresentation by HodextFX:

• Investor Complaints: Reports indicate that investors have faced difficulties withdrawing funds, with some claiming that their accounts were blocked after making deposits.

• Scam Confirmation: BrokersView has categorized HodextFX as a “scam confirmed” platform, advising traders to avoid engaging with it.

These complaints raise serious concerns about the platform’s reliability and trustworthiness.

Platform Features and Claims

HodextFX promotes several features to attract traders:

• Investment Plans: The platform offers various investment packages, including a “Bronze” plan, with promises of returns based on the chosen package.

• Trading Tools: Claims to provide advanced trading tools for forex, cryptocurrencies, and commodities, with competitive spreads and leverage options.

• Account Management: Offers dedicated account managers to assist traders in making informed decisions.

However, these claims lack independent verification and are overshadowed by the platform’s regulatory issues and user complaints.

Conclusion and Recommendations

Given the absence of legitimate regulatory oversight, the issuance of official warnings by financial authorities, and the accumulation of user complaints, HodextFX exhibits characteristics commonly associated with fraudulent trading platforms.