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HashTrade.pro Review: Beware of this Broker

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HashTrade.pro Review: Beware of this Broker

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HashTrade.pro is another broker trying their best to look and sound legit. Despite all their efforts, they still make little mistakes that expose them. Our investigation team has found all the red flags surrounding Hash Trade. Before you use your impulse to sign up with HashTrade Pro, get to know the facts. There’s no way that this broker will ever help you profit from trading. Several victims can attest to it. Read this genuine and transparent HASHTRADE.PRO Review for more.

HashTrade.pro Review

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About HashTrade.pro

On their homepage, the broker has the message ‘An extraordinary life starts with financial freedom.’ This is true, and we have to say, the broker uses an engaging website design. We do note that the design is synonymous with other scams from the past.

The website design looks similar to that of Tetra-invest.co. With both of these websites having the same design, we suspect they belong to the same group.

There’s an effort from the broker to try and sell a legit and growing brokerage firm. The broker claims to have 93 percent satisfied clients and 88 percent successful executions. All these are false statements with no proof to back them up.

The broker tries to sell the impression that the platform is profitable even to newbies. We all know that market conditions change, and consistent 88 percent conversion is impossible.

Account opening procedure

Another reason we have our doubts about the platform is the verification procedure. The broker requires users to send valuable documents for verification. When signing up, the broker demands that users send bank statements and credit card information.

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After confirming this, the last document to send is a copy of your ID. With all these documents, the broker can now gain access to your account.

Offshore brokers use this information to buy goods and services using your credit card. The broker will eventually gain access to your bank account and wipe it clean. Be extra careful with those brokers who ask for such sensitive banking information.

Only send these documents to a government institution or a proven liquidity provider.

Available trading assets

The broker offers forex, shares, and indices on their platform. Expect to get shares from leading companies all over the world. Every broker wants to offer shares from the FAANG group. These are the most contested shares in the world. The broker claims to offer competitive spreads from as low as 0.1 pips.

We couldn’t find any information regarding the platform’s leverage and other trading conditions.

Comments and complaints from investors

HashTrade Complaints from Users

A few members have come out to speak about their experience with the platform. Most of them are angry with the outcome. The broker seems to be an avid caller when asking for deposits.

Immediately you deposit a large sum (exceeding $1,000), the broker breaks all communication. Most of the victims are now giving up as there’s no way of contacting the broker. All their emails get no response, and the broker uses different numbers with each call.

Custodian of the business

The disclaimer at the footer of their homepage shows Xertz Consulting Ltd as the parent company. According to the disclaimer, the company is registered in the Commonwealth of Dominica republic.

We had to conduct a thorough search using various company registers in the world. It turns out that these scam artists are using the name of a legally registered company in the UK.

This shows the extent to which offshore brokers will go to try and penetrate the European trading scene. Make sure you confirm the registry records of any Company with authorities. It helps to clarify whether a broker is legit or not. In the case of HashTrade, this is an illicit trading platform.

Domain details (hashtrade.pro review)

Records show that the website has been active since December 17, 2020. As we publish this post, the website is 118 days old. For all that time, no member has come out with proof of withdrawing funds.

We did state that the scam artists are using a website design similar to other scams. Our fears were confirmed with their IP history. The IP shows 4 changes over the last 4 years. This is an indicator that this is a short-term website, and they will soon shut it down.

Hashtrade.pro License and Registration

Hashtrade.pro is not a valid trading company and does not hold any documents to prove so. The platform is another clone used by offshore brokers to scam unsuspecting investors. Their terms and conditions page also shows that all liability falls to the members.

The broker will not incur any losses when the member releases funds to the broker. This means that once you deposit funds, the broker can do as they please.

A genuine broker should have come out with copies of their license documents. This broker fails to do so even with their company registration. It goes to show that the broker is using random digits as registration numbers.

Please stay away from them as the broker will only transfer funds to their personal bank account.

Pros and cons of HashTrade.pro

Account types

HashTrade.pro Account Types

HashTrade.pro offers four account types to investors. The four accounts include junior, middle, senior, and leader. Junior account holders deposit $500 to start trading. This is double the industry acceptable amount.

The other three account holders must deposit $1,000, $5,000, and $10,000, respectively. All the account features remain the same except for a few minor changes. The main difference is the number of currency pairs to trade with on each account type.

Contact and support

With the fancy website design, you would expect the platform to have a live chat. You can see for yourself that the website doesn’t even have a contact page. The disclaimer at the footer of their page offers users an email address.

There’s no reason to believe that this broker cares for the well-being of members. We don’t even get to see any phone number where one can make a call. This is the definition of a burst online trading platform.

Payment methods

Depositing funds with Hash Trade is easy, and the process takes less than five minutes to complete. Withdrawing funds from the platform remains the biggest hurdle members face. You should avoid this platform as it’s not a legit entity.

Safety of funds with HashTrade.pro

There’s no safety of funds with a broker who doesn’t have direct lines of communication. We suspect that the broker transfers funds to a private account. This means segregation of accounts is not taking place. Don’t enlist the services of recovery agents as they, too, are powerless.

Scam or Legit HashTrade.pro

HashTrade.pro Payment Options

HashTrade.pro is a scam waiting to pounce on investors. The platform disguises itself as a legit broker with an aesthetically appealing website. We hope our review has opened your eyes regarding this unscrupulous broker.

Bottom line

The only way to stop this broker is by adding them to our blacklist. We don’t recommend any interaction with the website or staff members.

The best way to avoid any heartbreak is to have a reliable expert by your side. It’s the proven way of making realistic profit margins.

We wish you all the best in your trading endeavors.

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