Silver Wolf (highfxmarkets.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warnings from overseas regulators: CONSOB https://www.consob.it/web/consob-and-its-activities/warnings?_it_consob_PubblicazioniPortlet_INSTANCE_EzWm9e3lyLdP_formDate=1721625982942&viewId=ricerca_comtutela&resultmethod=comtutelamr&quer... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: highfxmarkets.com.
The reporting at Silver Wolf (highfxmarkets.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Competitive fees|Copy trading available|Detailed reporting|Clean UI
Cons: Email notifications too frequent|Search feature is basic
I wanted to transfer my portfolio from another broker to Silver Wolf (highfxmarkets.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Economic calendar|Dividend tracking
Cons: Research section could be deeper|No crypto staking