Red Flags
2
Hawex Group
Hawex Group has faced significant regulatory issues, including being removed from the UK’s Companies House register, and its financial stability is highly questionable. Its services, such as payment processing and Web3 integration, have left clients dissatisfied and at risk.
Quick summary on Hawex Group
Hawex Group‘s decline stems from multiple challenges:
Regulatory Failures
Deregistration by the UK’s Financial Conduct Authority (FCA) for non-compliance. Loss of authority to issue electronic money and provide payment services.
Financial Instability
Proposal for removal from the UK Companies House register, signaling potential dissolution. Likely linked to operational failures or financial mismanagement.
Questionable Services
Issues with multicurrency IBAN accounts and payment processing. Failed promises in BaaS and Web3 integration, leaving clients dissatisfied.
Intel Reports
by: Yahir Truong
It's clear they didn’t have their act together. No wonder the FCA booted them out. If you can't even stay compliant, you don't belong in this industry.
Cons
by: Elara Novak
Told my friend to stay away from their services. They promised top-tier payment processing, but all I heard were complaints. What a joke!
by: Brayan Swann
Hawex Group’s fall was inevitable. When a company can’t handle basic financial stability, it’s only a matter of time before they collapse. Rip off!
by: Maisie Ridley
Honestly, how did they even get this far? FCA deregistration? Sounds like they were playing fast and loose with the rules.
by: Oaklynn Penn
They lost their FCA license and still claim to be 'fully compliant'? That's misleading at best.
by: Rocky Hearn
Hawex promised seamless crypto banking, but all I got was a frozen account and zero support. Total nightmare!
by: Taylor Evans
I regret ever using Hawex Group their failed promises cost me thousands, and now they’ve vanished without a trace
by: Sydney Cooper
I tried withdrawing my money from Hawex Group, but they kept making up reasons to block it now I’m out $5,000 with no way to get it back
by: Steven Phillips
Hawex Group promised seamless payments, but all I got were endless delays and excuses I feel completely scammed
by: Stephanie Brown
I put $8,500 into Hawex Group, trusting their services, and now it’s all gone no answers, no support, just complete silence
by: Vanessa Steele
Lost FCA approval? That’s all I needed to know. If regulators don’t trust them, why should anyone else?
Cons
by: Elise Vaughn
Losing FCA approval basically means they weren’t playing by the rules, and in fintech, that’s a death sentence. If they can’t manage their own compliance, why should anyone trust them with money? This was bound to happen sooner or later.
by: Troy Maxwell
Hawex Group is the perfect example of a company that overpromised and underdelivered. They talked a big game about Web3 and fintech innovation, but in reality, they couldn’t even keep their financials in order.
by: Elise Vaughn
They promised seamless IBAN accounts, smooth payment processing, and BaaS integration, yet all they delivered was disappointment. Customers complained about broken services, hidden fees..