Numerous friends new to the foreign exchange market have reported difficulties in finding a trustworthy platform, often encountering issues where profits cannot be withdrawn or being defrauded by shady platforms that disappear with their money, making the path to foreign exchange investment a rocky one. Platforms listed within FxGecko's top 100 forex platforms can serve as a reference for selection; however, if a platform ranks outside of this, particular attention must be given to its principal-white label affiliations and risk alerts.

Today, an investor inquired about the HorseForex platform, seeking to understand if HorseForex's regulatory oversight is secure and whether investors' funds are adequately protected.

FxGecko's inquiry reveals that HorseForex, established in 2019, ranks 5467 globally with a safety score of 30. The platform claims to hold regulatory licenses from four countries but has 40 risk alerts flagged through a scanning system.

The regulatory status of HorseForex can be summarized as follows:

1. HorseForex faces a multitude of complaints, including inability to withdraw funds and executives absconding, which grossly violate the operational norms of正规 forex platforms.

2. Investigation discloses that HorseForex operates as a scam conglomerate with multiple shell companies, suggesting potential forgery of its regulatory certifications and an utterly insecure regulatory environment.

3. The platform is accused of withholding withdrawals and freezing accounts, preventing even profitable clients from accessing their funds, indicative of severely irregular operations.

4. While HorseForex was once reportedly recognized within the industry, further research suggests this recognition is no longer valid.

Drawing from this information, it is clear that HorseForex operates within an extremely unsafe regulatory environment, engaging in severe misconduct and fraud, rendering investors' funds insecure. Investors are strongly advised to avoid such non-compliant platforms to avert financial loss.

FxGecko's Overall Assessment: Presently, HorseForex's official website appears inaccessible. Complaints revolve around contract quotation errors and withdrawal issues, suggesting the platform may have already absconded. With a plethora of negative feedback, generally mediocre reviews, limited trading instruments, and slow complaint handling, the picture painted is far from favorable.

The financial market is a mixed bag with inherent risks for all investments. Thorough due diligence on platforms prior to investing is crucial to avoid scams. Start with FxGecko for your safeguarding needs.