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After all the hype the Highindextrades brought, it was a front to defraud investors. Over the past few weeks, the platform has failed to allow anyone to withdraw. High Index Trades is a platform that wants to take advantage of crypto investors. Unfortunately, we have a platform that also claims to offer forex trading services. So if you thought of investing with highindextrades.com, we don’t recommend it. Here’s what you need to know in our detailed HIGHINDEXTRADES REVIEW.
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2019 is the year the platform claims to have started operation. The platform claims to have its headquarters in the States on the contact us page. All these are false narratives meant to fool investors.
The platform wants to create a credible background story to attract investors from North America. Unfortunately, that won’t happen as we must expose all the red flags found on the platform. What we have is a deceptive crypto and forex investment scam.
From the word go, we can tell that the platform doesn’t have any transparency. A genuine crypto and forex trading platform would share the owner’s real name. That we don’t have with High Index Trades.
All we get is a store that doesn’t offer even a single shred of information regarding their background and history. The platform wants investors to take their word for it. We won’t and must check every aspect of the platform.
Most investors fail to do due diligence when signing up with such platforms. In this highindextrades.com review, we will help show you how. You need to check every aspect of features available to spot any irregularities.
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The people behind this platform have some knowledge regarding crypto and forex trading. However, with a sleek website design, there are a few flaws to see. So you have to dig deeper to find out the truth behind the platform.
Experts recommend doing research first before investing. Next, you need to find out the experiences of other users with the platform. That’s how the crypto community will help determine the platform’s legality.
Just as with any decision you make in life, you have to weigh the pros and cons. These features help you make a rational decision to move forward or not. And by weighing the pros and cons, we can help determine the results.
Investing in crypto and forex is no mean task; you must go all in. And that means accepting the risks that come with any investment. However, that doesn’t mean you have to accept all risks; some are clearly over the edge.
Here are the pros and cons of highindextrades.com;
Highindextrades offers four account plans to choose from. These include Gold, Premium, Bronze, and Titanium. Each of these accounts provides a different set of features and trading expectations.
Let’s take a look at each plan;
For the gold account holder, you enjoy a minimum of €350 deposit requirement. The platform accepts three currencies, EUR, GBP, and USD. However, members can only make two trades with the gold account.
There’s a minimum required deposit of €500. You must make or place three trades with the premium account. There are no other highlighted features such as possible trading instruments. We even don’t know the trading margins of the available assets.
A minimum of €1,000 is necessary to start investing with the account. Members must choose wisely and go for reliable investment options. It would be best if you placed a maximum of 4 trades to enjoy using the account.
Regarded by the platform as the best tier, it also targets institutional investors. There’s a minimum acceptable deposit of €30,000 with the account. Members can make a maximum of 15 trades with the plan.
The platform overindulges investors in terms of acceptable minimum deposits. You get a platform asking for more than the industry-recommended minimum deposit. Regulators in Europe and the States accept a minimum deposit of €$250.
Any platform asking for more than that is taking advantage of investors. Some genuine investment platforms even go as low as $1. So it would be best if you stayed away from platforms that want you to deposit more.
There’s also no information on acceptable leverage on the trading instruments. For example, European regulators accept maximum leverage of 1:100. In the United States, regulators accept 1:50 as maximum leverage for retail traders.
We suspect the platform changes leverage depending on the results of most trades. And this may throw off investors in terms of profit. As a result, the platform will move towards high leverage, putting your trading position at risk.
You are bound to lose more in such cases as the platform gains more. The platform is the eventual winner when traders make losses. And that’s why regulators moved in to try and level the playing field.
High Index Trades offers an affiliate program to help gunner more members to the fray. The platform promises investors 10 percent of all active deposits by referred parties. That sounds like a perfect way to earn passive income.
It’s not the case, as the platform only looks to take advantage of investors. Those who sign up with the platform end up losing their investment. We suggest you avoid such or risk losing your credibility as an affiliate.
If the victims decide to take legal action, your entity will come up as the affiliate or partner. The law will recognize you as a legit partner of the scam. And that means being an accessory to online fraud.
That’s why we must expose the platform for failing to offer any safety measures to affiliates. As an affiliate, you also have to protect those you direct to the platform. Ensure the platform is safe and allows withdrawals before signing up as a partner.
There’s little information suggesting who owns or runs the platform. And that means you don’t know who is held responsible for funds once things go south. As is the current case, there’s no one to ask for a refund.
And that’s what makes investing with Highindex Trades a risky investment. It’s an anonymous platform that doesn’t mention founders or staff members. No one wants to invest in such a platform.
Hundreds of clients have turned to social media to highlight their withdrawal problems. It seems all members share the same experience with the platform. But unfortunately, none of them has had the chance to see a penny since investing with highindextrades.com.
Don’t expect any contact once you make any deposit. Before that, the platform will bombard you with calls urging you to deposit funds immediately.
The platform has no license to operate as a crypto or forex trading platform. Unfortunately, that means there’s no legal or regulatory framework to follow.
Please stay away from Highindex Trades; it’s a crypto and forex investment scam.
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