Tradehash is a forex broker that claims to offer a variety of trading services, including CFDs, forex, and indices. However, there are a number of red flags that suggest that Tradehash is a scam broker.
Company Overview
Team
Tradehash does not disclose any information about its team of executives or staff. This is a major red flag, as legitimate brokers should be transparent about who they are and who is running the company.
Services or Products
Tradehash claims to offer a variety of trading services, including CFDs, forex, and indices. However, the company’s website does not provide any detailed information about these services. This is another red flag, as legitimate brokers should be clear and upfront about what they offer.
License and Regulations
License Status
Tradehash is not licensed by any major financial regulator. This is a major red flag, as unregulated brokers are not subject to any oversight or regulations. This means that they can operate with impunity and there is no guarantee that they will protect your money.
Regulation Status
Tradehash is not regulated by any major financial regulator. This means that it is not subject to any oversight or regulations. This is a major red flag, as unregulated brokers are not safe to trade with.
Why Dealing With An Unlicensed Broker Is Risky?
There are many reasons why it is risky to deal with an unlicensed broker. Here are a few of the most important ones:
- Unregulated brokers are not subject to any oversight or regulations. This means that they can operate with impunity and there is no guarantee that they will protect your money.
- Unregulated brokers are more likely to be scams. There are many scams in the forex industry, and unlicensed brokers are more likely to be involved in them.
- Unregulated brokers are more likely to use unethical or fraudulent trading practices. This could include things like front-running, layering, and spoofing.
Legal Warning Against Tradehash
The United States Commodity Futures Trading Commission (CFTC) has issued a legal warning against Tradehash. The CFTC warns that Tradehash is a scam broker and that it should not be trusted.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about Tradehash online. These reviews allege that Tradehash is a scam broker and that it has defrauded its clients.
Feedback About Their Trading
Some clients have complained that Tradehash’s trading platform is buggy and unreliable. Others have said that they have been unable to withdraw their funds from Tradehash.
Feedback About Their Customer Service
Many clients have complained about Tradehash’s customer service. They say that the customer service representatives are rude and unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Tradehash, there are a few things you can do. First, you should file a complaint with the CFTC. You can also file a complaint with the Financial Industry Regulatory Authority (FINRA).
In addition, you can contact “Reviews Advice” for help. “Reviews Advice” is a company that specializes in helping victims of investment scams. They can help you recover your money and hold the scammers accountable.
Our experts will provide you with a free consultation call. There you will get some professional guidance for free and will get also some recovery service recommendations to get help for the recovery of your lost funds.
Final Thought
Tradehash is a scam broker that should be avoided. If you are thinking about trading with Tradehash, we urge you to reconsider. There are many legitimate brokers out there that you can trade with. There is no need to risk your money with a scam broker like Tradehash.
