Hashex is a forex and CFD trading broker that claims to offer a wide range of trading products and services. However, there is a growing body of evidence that suggests that Hashex is a scam broker. In this article, we will take a closer look at Hashex and explain why you should stay away from this broker.
Company Overview
Hashex is a relatively new broker, having been founded in 2022. When you enter the website, you will see 3 redirections. First, the website will be redirected to “Okex” in the background but you can see the transition in the title bar, then the site will be redirected to https://hasex.cc/index/new and then finally it will come to the final page https://hashex.cc/#/.
Also, you will see the site title is changed now. It is not “Hashex,” it is “Coinhero.” In addition, the website does not provide any information about the company’s trading software or platform.
Services or Products
Hashex offers a variety of forex and CFD trading services. These include spot trading, margin trading, and leveraged trading. The company also offers a variety of trading tools and resources, such as charting software, technical analysis tools, and educational materials.
License and Regulations
As mentioned above, Hashex claims to be regulated by the FCA. However, there is no evidence to support this claim. The FCA does not list Hashex as a regulated broker. This is a major red flag, as it means that Hashex is not subject to any regulatory oversight.
Unregulated brokers are more likely to engage in fraudulent activities, such as front-running, price manipulation, and withdrawal delays. If you trade with an unregulated broker, you are putting your money at risk.
Why Dealing With An Unlicensed Broker Is Risky?
There are several reasons why it is risky to deal with an unlicensed broker.
First: unlicensed brokers are not subject to any regulatory oversight. This means that they are free to engage in fraudulent activities, such as front-running, price manipulation, and withdrawal delays.
Second: unlicensed brokers are often located in offshore jurisdictions with lax regulations. This makes it difficult to track them down and hold them accountable if they scam you.
Third: unlicensed brokers often use fake or misleading information on their websites. This makes it difficult to know who you are dealing with and what you are getting into.
Legal Warning Against Hashex Scam
The Financial Conduct Authority (FCA) has issued a warning against Hashex. The FCA warns that Hashex is not a legitimate broker and that it is likely to be a scam. The FCA also warns that Hashex has been linked to several complaints from investors who have lost money.
If you have invested with Hashex, you should contact the FCA immediately. The FCA may be able to help you recover your money.
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 several reviews of Hashex online. The reviews are overwhelmingly negative, with most people complaining about the broker’s unethical practices and poor customer service.
One reviewer said that they lost money after Hashex made unauthorized trades in their account. Another reviewer said that they were unable to withdraw their money from Hashex, despite repeated requests.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by a forex or CFD broker, there are a few things you can do. First, you should contact a financial authority and file a complaint. The authority may be able to help you recover your money.
Second, you should contact a company like ours. We will evaluate your case and will provide you with a free consultation and service recommendations to help you recover the lost funds.
Final Thought
Hashex is a scam broker. If you are considering trading with Hashex, we urge you to reconsider. There are many legitimate brokers out there, so there is no need to risk your money with a scam broker like Hashex
