We have to give credit to HashTrade for the website looking amazing. Almost as a regulated company. However, there are many issues with this broker we’ve discovered. We want to point out all the problems and answer what to do if you get scammed by a HashTrade broker.
Stick with our HashTrade review until the end.
|Broker status:||Offshore Unregulated Broker|
|Regulated by:||No Regulation|
|Broker Owner:||Xertz Consulting Ltd|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||WebTrader, cTrader|
|Types of Assets:||Forex (FX), Indices, Commodities, Stocks|
|Free Demo Account:||No|
|Accepts US clients:||No|
HashTrade Regulation and Security
HashTrade brand is owned by Xertz Consulting Ltd, based in the Commonwealth of Dominica. There is a company with the same name, registered in the same year, in the UK. Most likely, this is how a broker is running its scheme, pointing out to clients that they are in the UK.
Do not be fooled by this fake representation of HashTrade brokerage.
What’s Wrong With the Broker Regulation?
In order to do the job thoroughly, we’ve checked Dominican’s register looking for HashTrade regulation. However, we could not find any mention of this brand or Xertz Consulting Ltd. Therefore, when it comes to the question is HashTrade regulated, we can safely say no.
What Are Trading Platforms Available?
Since there is no Demo account, it was a bit difficult to review the broker trading platform. However, we did find out the broker is offering web trader and cTrader. None of them is secured enough compared to MT4 and MT5 platforms.
Speaking of safety, the broker offers leverage of up to 1:200, higher than any regulated brokerage can offer. Why? Simply because it works for them to expose your money to high risk – higher chances you will lose it.
What Can You Trade With This Broker?
The broker offers trading with currency pairs, commodities, indices, and shares. However, there are no cryptocurrencies listed, meaning that the broker is not trying too hard to be competitive, just to scam as many people as possible.
After we’ve reviewed the broker minimum deposit, we understood the broker is conducting a cyber fraud. The company asks for a minimum of $500, while FCA, ASIC, and other regulated brokerages are offering you to start with as low as $10.
Based on all the HashTrade reviews we’ve seen so far, the broker has many complaints stating that clients are experiencing withdrawal issues. Be aware of this fact when starting an account with a HashTrade forex broker.
Scammed by HashTrade broker? What to Do?
If you had any issues with HashTrade or any other scam brokerage, we would like to hear from you. Unfortunately, you are not the only victim of the HashTrade scam. Luckily, there is a solution. You need to file a dispute and request a chargeback.
Contact our support team via chat, and they will help you start the procedure. Do not waste more time; get your money back from this scam brokerage!
Do not let this scam broker get away free!
What is HashTrade?
HashTrade is an online trading brokerage with no regulation.
Is HashTrade regulated?
No, broker does not have regulation by any authority body.
Is HashTrade legit?
It is an offshore brokerage with no regulation and many complaints. Therefore, we can conclude the company is not legit.