CashHuntFx Review: A Warning from the FCA

  • Contact and support
  • License and Regulation
  • Safety of funds
  • Trading platform
1

Summary

CashHuntFx already faces a warning from the FCA. CySEC plans to release a press statement warning investors against engaging with the store. Find out more in our exclusive cashhuntfx.com review.

There’s a warning out for CashHuntFx after the platform blocked withdrawals. Investors are up in arms after the store suddenly removed their account credentials. Unfortunately, there’s no word from Cash Hunt FX as to why this is happening. And this is why we have to expose the red flags found on cashhuntfx.com. We feel the pain investors face after failing to withdraw even a penny. Here’s more in our conclusive CASHHUNTFX REVIEW.

A Brief Analysis of CashHuntFx

CashHuntFx Pros and Cons

According to the about us page, CashHuntFx was founded by traders. However, who these traders are, remains a mystery. The platform holds several subsidiaries in Asia, Europe, and North America.

We have seen several platforms that come up with such stories. These stories are meant to show a solid and successful investment background. It’s intended to fool investors into believing signing will replicate the mentioned success.

When it comes to trading forex, you need to have the best trading tools for the job. So get to use reliable forex trading bots backed by experts. These bots give you an edge, thanks to their advanced tools.

CashHuntFx will give you nothing but misery. We have a store that rarely offers investors a chance to enjoy their trading results. The store claims to allow members to choose from various trading accounts.

Other false claims we saw include regulation from CySEC and the FCA. The platform puts up a good show for its sales point. And this is where we come in and expose the red flags found in the store.

Before you engage with any trading platform, we recommend doing some due diligence. Try and find out what makes a platform tick. Get to hear the experiences of other users before committing funds. It gives you an insight into what to expect from the store.

Accounts CashHuntFx

CashHuntFx also offers four different account types. These include Micro, Premium, Gold, and VIP. Each of these accounts comes with a different set of features. We will be now looking at each account;

Micro

It’s the most basic account, with investors having to deposit $100 to get started. The account allows hedging with spreads charged as standard. You get an account manager with maximum leverage set at 1:500.

Premium

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For the premium account holder, there’s a minimum acceptable deposit of $500. Members get the exact account features as Micro holders. The only difference is leverage which is 1:400 with spreads starting from 1 pip.

Gold

With the gold account, you have to make a minimum deposit of $2,000. Spreads start from 0.8 pips, with the maximum leverage being 1:200. You get pro spread charges and an account manager.

Platinum

It’s the most exclusive account, with members having to deposit $10,000. Spreads start from 0.5 pips, and the leverage is 1:400. Commission is $10 per lot, with spreads charged at ultimate levels. The platform also targets institutional investors with this account.

Account Features

Accounts CashHuntFx

We have to point out a distressing feature contrary to industry standards. The high leverage imposed on all accounts is out of this world. It shows the platform doesn’t comply with trading regulations.

Regulators have put a cap on leverage to ensure all parties stay within set limits. The maximum acceptable leverage is 1:100. Any platform asking for more is taking advantage of you. Unfortunately, high leverage also puts your investment at risk.

Account Managers

Despite claiming to offer account managers, the platform hires call agents. These agents earn commissions with every conversion made. The agents will call you claiming to have a lucrative open position.

All you have to do is deposit funds and invest in the position. The account manager promises a quick turnaround within a week or two. You expect the account manager to call with good news two weeks later. It doesn’t happen.

The platform moves quickly to replace the account manager with another one. You won’t get an explanation as to what happened with your investment. These agents also play a huge part in fooling investors.

Available trading assets

Are funds safe with cashhuntfx.com?

You get to trade with four different classes of trading instruments. These include commodities, forex, indices, and stocks. In addition, the platform avails commodities such as coffee, cotton, gold, natural gas, oil, and more.

With forex trading being at the core of their venture, you get major and minor currency pairs. Members enjoy different spreads depending on the account type you use. Remember that the platform insists on high leverage for all assets.

Indices play a huge role in day-to-day trading. It’s a favorite for day traders as there are several daily transactions. In addition, you can trade with major international markets such as NASDAQ, Nikkei, S&P 500, and more.

The last option on the plate is stock trading. With several leading companies having their shares for sale, it’s a perfect way to invest. In addition, you get to trade shares of leading international companies.

Awards and accolades

To try and make the platform appear genuine, Cash Hunt Fx claims to have won several awards. These include Best Forex Trading in Zimbabwe (2019) and Best Trading Experience (2021). But unfortunately, all these are false claims.

You will notice that the store uses award logos and not the actual award. There were no such award ceremonies in 2021 due to the COVID pandemic. We have the platform exposed with their false award allegations.

Business owner

The disclaimer at the footer of the homepage throws everyone off with their business claims. It’s unclear whether a parent company owns this platform or a partnership. These are some of the reasons making CashHuntFx anonymous.

It would be best to stay away from anonymous platforms as far as possible. These platforms steal funds, and there’s no way of recovering them. Hiring recovery agents will only put you in more misery. Furthermore, these agents don’t mandate to freeze bank accounts that hold funds.

CashHuntFx License and Registration

Is Cash Hunt FX Licensed or Registered?

CashHuntFx does not hold a valid license document despite attempts claiming to have them. The platform only claims regulation but doesn’t have the documents to prove it. Instead, it’s a store using random numbers to try and fool naïve investors.

We checked with regulators such as CySEC and FCA to confirm registration. Unfortunately, none of these regulators have any platform licensed with the above credentials. And this means we are dealing with an unregulated platform.

Using falsified documents and the registration number is an offense by itself. It shows how far the platform will go to try and fool investors. Luckily, you can confirm whether a platform complies with industry rules with any regulator.

Without any regulatory framework, the platform is free to impose any rules. These include high leverage and blocking withdrawals. Therefore, it would be best to stay away from platforms that don’t follow set regulatory conditions.

Contact and support

There’s no direct access to staff members or their support team. Instead, members rely on emails to contact the platform. And this gives the platform a chance to know when investors want out. It’s at this juncture that the platform blocks withdrawals.

Deposit and withdrawal

You need to confirm that a platform allows instant withdrawals. With Cash Hunt FX, the withdrawal will be your biggest hurdle. None of the current members have heard the chance to withdraw funds for over two months.

Final thoughts CashHuntFx

After exposing all the loopholes, we recommend that you stay away from CashHuntFx.

Start trading the right way using approved forex trading robots.

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