Hakes Investments has been flagged by Guernsey Financial Services Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mamunuiux.com/hakesinvestment.
The only good thing about Hakes Investments is that they remind you why regulation matters. I found them based on a colleague's recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: API access|Excellent charting
Cons: Could offer more webinars|Charting tools need more indicators
After seeing ads for Hakes Investments online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Guernsey Financial Services Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
Hakes Investments had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Fast execution|Tax reports included
Cons: Limited cryptocurrency options
I signed up with Hakes Investments through a financial advisor and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Dividend tracking|Fast execution|Social trading features
Cons: Help articles are sometimes vague