TradeFXHub Review: Averse Forex Scam

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TradeFXHub Review: Averse Forex Scam

TradeFXHub ( is another abysmal Forex broker stealing from anyone who signs up. Trade FX Hub is purporting to offer the smart investment choice which is also a big lie. What these scam artists have done is come up with a slogan which entices investors to sign up. Before signing up with TradeFX Hub, is it really worth it? Why are most members crying foul? Read this detailed TRADEFXHUB review.

TradeFXHub Review

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TradeFXHub Review

After receiving countless emails from members who were seeking help, we decided to investigate. Most members are ruing signing up with this broker after their withdrawal request was denied. Why is this broker refusing to grant users access to their funds? TradeFXHub is doing this for one reason only. They are pocketing from unsuspecting investors who deposit funds not knowing the consequences.

Why are investors falling for this trap? Well, these scam artists have created a visually compelling website which looks real. Scam artists are good at cloning websites to make them appear legit. And this is what TradeFXHub is doing with their platform. Make sure to stay away from brokers who share same characteristics. How can newbie traders spot scams? One good way is to read reviews before signing up with a broker. Make sure you are in the know of what you are getting into.

About TradeFXHub

Disclaimer at the footer of their website claims TradeFXHub is based in St. Vincent and the Grenadines. This is proof we are dealing with an offshore brokerage firm. Offshore brokers are notorious for breaking industry set rules and regulations. Make sure to stay away from brokers who are based offshore. Another shocking detail with TradeFXHub is their anonymity. Who are the founding members of this platform? Can we get names of people running this website?

Why is TradeFXHub clouded with such high anonymity levels? It means users are entrusting their funds to an unknown third party. Stay away from this broker and use industry approved and vetted brokers at all times. Why have they failed to mention the company behind this brokerage firm? Is it possible we are dealing with a money laundering site? With so many questions, trusting this broker is not going to happen.

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Is TradeFXHub Licensed or Registered?

Dealing with an unlicensed entity is bad news for any investor. Make sure to always check whether a broker is properly vetted. Looking at their website, there’s no details showing any licensing information. Most brokers will post their licensing and registration number for all to see. Investors can always confirm with authorities in regards to details posted.

Why don’t they have a page where users can confirm their licensing credentials? What we did to confirm. What we did was check with known regulatory bodies such as ASIC, CySEC, FCA, and NFA. None of these internationally recognized bodies has ever licensed this broker. It’s clear we are dealing with an unauthorized broker.

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TradeFXHub Disadvantages

Account Funding

Funding accounts has been made convenient and easy by this broker. Users can deposit funds using various channels made available to them. Some depository channels include Bitcoin Pay, Bank transfer, Neteller, Skrill, and many more. Scam artists will ensure deposits are easy and quick so as to aid in enriching their pockets. By making depositing easy, process of funding these accounts takes less than five minutes. Don’t deposit funds, there’s a hidden agenda with this broker.

Withdrawing funds with this broker is what makes it a scam platform. As we earlier stated, no broker has been able to withdraw funds using this platform. What happens next is a game of cat and mouse. Professional scam artists will run with your money immediately you deposit funds with them. Stay away from this broker at once.

Types of Accounts

TradeFXHub Account Types

TradeFXHub is using three different account types to lure investors to sign up. Account types are named Mini, Standard, and Silver. What we found odd with this platform is the high minimum deposit requirement charge. Basic account which is the Mini account charges $500 to begin trading. Note industry set minimum required deposit has always been $250. Make sure to stay away from this broker and sign up with brokers who offer industry accepted standards.

Another odd issue we found with this broker is similarity in account features. Why would an investor deposit over $500,000 and get same trading advantages as one who deposits $500? In regards to bonuses offered, this is another way of luring members to sign up. Beware of these bonuses as brokers later ask for their funds back. Why would a broker offer bonuses only to ask for them later on?

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Is security of funds guaranteed by TradeFXHub?

Dealing with an unlicensed broker means security of funds is never a guarantee. Any broker who fails to properly secure their website is not going to safeguard your funds. Why have they failed to disclose how they handle funds? Which banking institution do they use to store funds deposited by members. Trade FX Hub is surrounded by a lot of mystery making them totally untrustworthy. Make sure to check whether a broker properly secures funds.

Another issue we found with this broker is segregation of accounts. TradeFXHub is merging assets in a single account which is extremely risky. Pooling funds in a single account will lead to users losing their entire deposit. Don’t expect any compensation as this broker does not insure funds. Stay away from any broker who fails to follow set industry guidelines.

Is TradeFXHub a Scam?

All reason points to Trade FX Hub being a scam. From lack of proper licensing to having disgruntled members, this is a scam. Stay away from it by ignoring all their marketing tactics. Mark all their emails as Spam and never click on any link sent with their details.


TradeFXHub Broker Review

In order to protect our readers, we will be adding this platform to our scam blacklist. Protecting our readers is our duty and we will do so without giving in. Stay away from this platform.

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Wishing you a safe trading experience.

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