Brokers  /  HonorFX

HonorFX

Severe risk
🇻🇨 Saint Vincent and the Grenadines · 5-10 years · since 2019-05-24 · Honor Capital Markets Limited
Unregulated
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Independent ratingshow third parties score this broker
WikiFX2.37/10
Trustpilot/5
Forex Peace Army/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Saint Vincent and the Grenadines (offshore, light oversight)
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~104% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameHonor Capital Markets Limited
Headquarters🇻🇨 Saint Vincent and the Grenadines
Founded2019-05-24
Years operating5-10 years
Employees0
Official websitehonorfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods13 · MASTER, VISA, Bank, transfer
Withdrawal methods13 · Bank, transfer, VISA, MASTER
InstrumentsFX MajorFX CrossessFX MinorFX TRYSpot MetalsCFDsSpot IndicesShares
Registered address
(Representative Office) API Tower Office No - 1604, 16th Floor Shk Zayed Road, Dubai Outside Exit 2 of Trade Centre Metro Station Dubai, United Arab Emirates

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
STANDARD1:500$ 1000from 1.5--
PREMIUM1:500$ 2000from 1.8--
ECN1:200$ 10000----

Review analysis AI

Across 23 recent Trustpilot reviews, 13% are 1–2 star. The single most common complaint is being unable to withdraw funds (24 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Vietnam20
Turkey1
United Kingdom1
United States1

Real user reviews

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About HonorFX

HonorFX is a forex and CFD broker based in Saint Vincent and the Grenadines, with records dating to 2019-05-24. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full HonorFX review