Hitradex Review: A High-Risk Crypto Trading Platform

Hitradex Review
  • Contact and Support
  • Deposit and Withdrawal
  • License and Registration
  • Safety of Funds
  • Trading Platform
1

Summary

Hitradex has been refusing to allow members to withdraw funds. And this is why we have to expose the red flags found on the platform. Find out more in our comprehensive hitradex.com review.

Hitradex is one of the biggest Crypto investment scams of the year. Hundreds have lost funds with hitradex.com. It’s an offshore-based crypto investment platform up to no good. We believe the platform is hell-bent on making investors lose funds. There’s every reason to think the people behind this also have similar traps/websites. Our post will help unravel who these people are. Here’s more in our exclusive HITRADEX REVIEW.

Hitradex Review: Pros and Cons

A Brief Overview of Hitradex

The platform claims to provide a robust crypto trading system for beginners and professionals. Hitradex seems to appeal to crypto investors and traders from all over the world. First, you need to know the red flags we found on the platform.

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Those who have signed up with hitradex.com are now ruing the decision. Most can’t access their funds as the platform moves to block all attempts. Investors claim that the platform even goes to deleting their accounts.

Maxwell is one unlucky investor who thought he struck gold with the platform. He was lured by the promise of making a quick profit in a matter of days. Instead, the platform insisted that the more he deposited, the higher his chances of winning.

Days later, the platform failed to release the expected ROI. And this is where the problems started with the platform. Maxwell can’t seem to access his account, and all attempts to recover the account hit a wall.

Before you sign up with any investment platform, we recommend doing due diligence. Try and find out what others are saying about the platform. It will give you an idea of what to expect before committing funds.

Accounts Hitradex

Hitradex fails to give investors the available accounts and features. Instead, the platform does its best to hide information on acceptable minimum deposits and leverage. These owners do this for a reason, to try and fleece every penny from investors.

You should know that the industry has agreed to an acceptable minimum deposit of $250. Any platform asking for more is taking advantage of investors. You need to stay away from such platforms and deposit what you’re willing to lose.

The platform offers one of the highest leverage we have ever seen when it comes to leverage. The minimum leverage is 1:500, while the maximum leverage is 1:1000 for crypto trading. It is way above the recommended leverage amount.

Regulators worldwide have moved in to protect traders from high leverage. As a result, the platform greatly benefits when members lose. On the other hand, high leverage means you’re likely to lose a large volume of trade, your funds too.

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The acceptable leverage in Europe is 1:100 for all trading assets. In the States, regulators put a cap on leverage at 1:50 for retail traders. These regulators ensure that all parties trade in a fair environment.

Affiliate and Ambassadors

There’s an affiliate program the platform claims will dazzle you. But, before you jump in, there are a few issues you need to note. First, the platform doesn’t allow affiliate members to track conversions. And this makes it hard for you to earn commissions.

The platform also fails to release commissions on numerous occasions. You will also be the scapegoat when members fail to withdraw funds. After all, it’s you who directed them to a scam crypto investment platform.

You end up losing your online credibility. There’s no way professional affiliates would put their credibility on the line for such a platform. The best way is to become an affiliate of a proven and reliable entity.

Are funds safe with Hitradex?

Hitradex.com Trading Terminal

Your funds are far from safe with a platform that fails to offer insurance cover for deposits. We also believe the platform doesn’t segregate accounts. In the event of bankruptcy, members shouldn’t expect any compensation.

Assets and trading instruments

With five classes of trading assets available on the platform, members are kept busy. These five assets include commodities, Crypto, indices, and shares. Commodities to find include coffee, oil, sugar, wheat, and more.

Crypto is a volatile market and a perfect place to trade. Some of the Crypto assets to find include Bitcoin, Dogecoin, Ethereum, Litecoin, and Ripple. The platform pairs these Cryptos with major currencies such as EUR and USD.

Forex trading is also an appealing investment option. You get to trade major and minor currency pairs. The platform even offers copy trading services for forex trading which is a plus for newbies. However, we still have issues with the results of their copy trading services.

You get to trade with the world’s largest markets. International markets or indices available include DAX, Dow Jones, FTSE, Nikkei, and more. In addition, you get to learn how the world markets work thanks to these indices.

Share trading plays a vital role in the majority of trading instruments. This is because you get to own a piece of a company for a short time. Some of the shares to find include Samsung, Tesla, Toyota, Rivera, and more.

Awards and Rewards

The platform goes ahead and claims to have won several accolades and awards. These include Best Crypto and Forex Broker and Best Crypto Trading App. Unfortunately, there’s no information on the year the platform won these awards.

We did a thorough check with most awards for the past ten years, the platform in question is nowhere. And this means the platform is posting fake news to attract investors. These are award logos that you can easily download from the web.

Business owner

There’s little information on who owns and runs the platform. And this is why we need to expose the platform. Without information on staff members, we get an anonymous crypto investment platform.

It would be best if you stayed away from anonymous investment platforms. These platforms offer nothing but heartache. You need to invest in a platform whose credibility is there for all to see. Instead, we only get information that the platform was registered in two locations.

Contact and customer support

Are funds safe with Hitradex?

Despite having a live chat tab, it’s a roost to make investors leave their contact details. It’s another way of harvesting data from investors. That’s why you start getting promotional emails from different users.

We strongly believe the platform is trying to control the communication lines. None of the phone numbers on the website work. We believe these are virtual phone numbers meant to entice American and European investors.

Funding Accounts

Depositing funds with the platform is straightforward. The platform accepts bank and wire transfers. You can also deposit via crypto wallets which we don’t recommend for safety reasons. Don’t in any way fund an account with Hitradex.com.

Withdrawing funds from the platform is next to impossible. Newbies have been having a hard time withdrawing funds from the platform. We need to expose these flaws before it’s too late for investors.

License and Registration Hitradex

Hitradex is not a valid platform as it fails to get any license from a reputable regulator. All that we have is a registration claim from Seychelles. The Financial Services Authority in Seychelles doesn’t have this entity as registered.

And this means hitradex.com is an offshore and unregulated platform. It would be best if you also remembered that the platform is anonymous. There’s a high chance that once you deposit funds, it’s the last you see of them.

Is hitradex.com a scam?

Our Verdict

Kindly stay away from hitradex.com; it’s an unsafe and unsecured crypto investment platform.

Go for crypto trading bots backed by experts. These robots provide insightful tools for trading crypto and other assets.

If you have any queries, drop a comment or email us.

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