Hogodex has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform itself is okay, but the customer service at Hogodex is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Fast support response|Customizable dashboard
Cons: Help articles are sometimes vague
Do not believe the bonus offer from Hogodex. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a trusted YouTuber reviewed them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Social trading features|Full transparency|Two-factor authentication|Easy withdrawals
Cons: Search feature is basic|Limited demo account features
Hogodex advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Two-factor authentication|Multi-device support
Cons: No fractional shares|Withdrawal takes 1-2 business days
I lost a significant amount because Hogodex did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Regular platform improvements|Fast support response
Cons: No dark mode on mobile|Email notifications too frequent
Several red flags with Hogodex: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
I trusted Hogodex with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Professional team|Multi-device support
Cons: Account statements could be more detailed|Inactivity fee applies after 12 months
I had high hopes for Hogodex from a blog post comparing services, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: High security standards|Portfolio tracking tools|Demo account available
Cons: Currency conversion fee exists|Limited demo account features
Hogodex 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: Clean UI|Stable platform|Dedicated account manager|Social trading features
Cons: No live chat on mobile|No crypto staking
I closed a profitable position at Hogodex and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Quick verification|Clear documentation|Customizable dashboard
Cons: No integrated tax optimization
Opened my account with Hogodex after a trusted YouTuber reviewed them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Good mobile app|Multiple order types
Cons: No fractional shares