In the world of online trading, it’s crucial to discern between legitimate opportunities and potential scams. HorizonX Trade claims to offer a robust trading platform, but the question remains: is horizonxtrade.com legit or a scam?
Company Overview
| Company Name: | HorizonX Trade |
| Website: | horizonxtrade.com |
| Registered Country: | Unknown |
| Regulation Status: | Unregulated |
| Operating Since: | Unknown |
| Trading Platforms/Methods: | CFD Trading |
| Leverage Offered: | Unknown |
| Minimum Deposit/Deposit Bonus: | Unknown |
| Available Assets to Trade: | Stocks, Gold, Oil, Indices |
| Demo Account Availability: | N/A |
| Customer Support Contact Methods: | N/A |
Red Flags Indicating It is a Scam
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Lacks proper regulatory oversight, indicating potential operational risks.
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Negative reviews mention issues with fund withdrawals.
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Promotional materials often promise unrealistic returns.
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Website transparency is lacking regarding ownership and operations.
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Users have reported difficulty in reaching customer support.
License and Regulatory Issues
HorizonX Trade has not been found in searches on major regulatory websites, including FCA, SEC, ASIC, or FINMA, indicating it operates without any formal regulation. Additionally, ScamAdviser has rated their trust score as low, highlighting a lack of trusted reviews and testimonials. This raises concerns about their legitimacy and operational transparency.User Feedback
User reviews gathered from various platforms, including YouTube and blog forums, reveal a concerning trend. Many users have reported negative experiences, particularly regarding unresponsive support and withdrawal challenges. There is a consistent theme of skepticism about the company’s ethical practices.Deposit and Withdrawal Methods
Information about deposit and withdrawal methods remains unclear. Users have indicated there might be issues with withdrawals, although direct reports about specific methods are sparse.Why Unregulated Brokers Are Risky
Trading with unregulated brokers like HorizonX Trade comes with significant risks. These entities do not provide the standard investor protections offered by regulated brokers, leaving traders vulnerable to fraud, loss of funds, and no recourse for disputes. Investors are essentially left on their own without a safety net.How Can “ReviewsAdvice” Help You If You Get Scammed?
Unfortunately, recovering funds lost to a scam can be challenging. However, “ReviewsAdvice” can help by:-
Raising awareness: By exposing potential scams, we can help others avoid similar pitfalls.
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Providing resources: We offer guidance on identifying fraudulent brokers and reporting scams to relevant authorities.
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Actionable support: We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report your case here for assistance.
