HabbyForex

Here are the key safety issues we identified when evaluating HabbyForex:

Is HabbyForex Legit Or A Scam?

We have concerns about HabbyForex’s legitimacy and the hallmarks it shares with other scam trading providers that we’ve evaluated. Here are the primary issues:

Questionable Advertising

We first came across HabbyForex on social media and have spent hours watching every video on platforms like Instagram and YouTube, as well as its Telegram channel. We found dozens of concerning posts but the theme was the same across many – promoting a wealthy lifestyle through things like luxury cars, jewellery, and private jets. The message, sometimes subtle and sometimes more overt, is that trading online and using HabbyForex’s services may lead to riches. The reality is that the majority of retail traders lose money, especially inexperienced traders.

We’ve detailed three examples:

1. ‘Billionaire Life in London’, May 23, 2026, Instagram. Sat on the top of a Rolls Royce while what looks like security or part of a chaperone walking alongside with a caption that reads ‘Billionaire life in London’. The inference is that he’s wealthy, but we found no evidence that he’s a billionaire.
2. ‘My dream car price can buy’, June 18, 2026, Telegram. A screenshot of Lamborghini cars the founder would like to buy one day, with a claim in the comment “one day I will own this this 🤞, For now we keep grinding 📈”. The suggestion is that if users keep trading and following the signals, they may be able to buy such expensive cars.
3. ‘Just a little bit of history’, June 6, 2026, Facebook. A post talking about the track record of the company, including claims they’ve been “changing lives, turning people to millionaires.” This is a bold claim that isn’t verifiable from public information. Regulated and trusted financial services providers do not claim they turn people into millionaires to attract new users.

Many Telegram posts use the temptation of material wealth to follow signals

Suspicious Review Profile

We looked at HabbyForex’s user reviews on credible third-party sites, notably Trustpilot and Google Reviews. After reading and analyzing every single publicly available review about the firm, we identified several concerning patterns:

• Of 52 Google Reviews we analyzed, only 19 had visible text, meaning around 63% were name-only ratings. They may be genuine, but they do not show real experience with the courses, signals, or trading results.
• Around 15/19 written Google reviews appear to be from accounts that have posted just one review, and several are not real reviews at all, such as “How much can I pay to start,” and “Please sir I want to learn.”
• Trustpilot reviews of HabbyForex are also mixed. From the 34 reviews we analyzed, around 21 are 5-star, but 7 are 1-star, meaning about 20% are very negative reviews – a high percentage for a forex signals and education business.
• Trustpilot has similar quality issues. Roughly 23/34 Trustpilot reviews are from one-review accounts, and several positive reviews are from people who admit they have not used the paid service.
• Some positive reviews are also concerning in their content. Claims like “total gain and zero capital loss” and “stuck in profit” are unrealistic in leveraged forex trading and sound more promotional than balanced customer feedback.
• The bad reviews are more worrying because they are specific. They allege scam behavior, poor VIP signal performance, losses from trades, and showing winning trades while hiding losses.

We read multiple complaints alleging HabbyForex’s signals don’t work despite their website claims of a “92% win rate”

HabbyForex Promotes Offshore Assexmarkets Broker

HabbyForex looks like a funnel for its paid signals and education, but also towards the high-risk, offshore broker, Assexmarkets. This is a brokerage that claims “multiple regulatory licenses”, yet when we checked the databases of over 420 financial regulators, we found it’s only registered with the Financial Services Regulatory Authority (FSRA) in St. Lucia – a ‘Category C’ body that isn’t a trusted or robust regulator.

Assexmarkets also offers very high leverage, from 1:200 in its Standard account and 1:500 in its Raw Spread account to unlimited leverage in its Leverage Plus account. This extremely high leverage is way beyond the maximum limits regulators allow in many strong jurisdictions, including the UK, EU, US, and Australia. Such high leverage is especially unsuitable for beginner traders, which we suspect many of HabbyForex’s users are, given that it provides education and signals.

There’s also a worrying lack of disclosures about HabbyForex’s ties to Assexmarkets. We went through its Linktree, website, and social media and found clear nudges towards Assexmarkets with statements like ‘Broker I use 4 fast withdrawal’, and the URL when you follow the link contains ‘partner_code=6381684’, so they’re clearly being remunerated for visitors they send to the firm. But HabbyForex fails to disclose the commercial relationship, something which is legally required in many trading jurisdictions.

HabbyForex’s Linktree pushes visitors towards Assexmarkets

Final Recommendation

We do not recommend using HabbyForex. In our investigation, we found questionable advertising, unverifiable claims about the efficacy of its trading signals, and a suspicious review profile on third-party sites. We are concerned about its legitimacy and safety and would not put our own money on this platform.

Ultimately, forex traders, in Nigeria and worldwide, can find free providers of trading education and signals that are trusted and regulated by reputable financial bodies.