Hittecktrade Review Is Hittecktrade.com A Scam Broker

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Hittecktrade Review: Is Hittecktrade.com A Scam Broker?

Hittecktrade.com Review: this is the website of a cryptocurrency trading service. The company mentions that it is based in London. Is Hittecktrade a legit brokerage or a scam? Cryptocurrency trading market is exciting and this makes it a target for many investors, however, some con artists are seeking to exploit this space to defraud traders. Read this review to find out more.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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On the website, the address provided for the location of Hittecktrade is London, United Kingdom. Although crypto trading is not regulated properly in this location, the FCA, which is the regulatory commission regulates some types of crypto assets. However, Hittecktrade claims to be registered in the United States.

This shows that not only is this not a properly regulated company, but it also looks like a poorly fabricated sham. Going through the website, one can find lots of errors in grammar as well as spellings.

Advantages of Hittecktrade

Despite being an unlicensed brokerage the page publishes some advantages and we would want our readers to know of them. They claim to offer the most package of service in the industry as well as affordable pricing offers. Clients are offered a bonus of $500 and investment plans to help them see most profits.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Hittecktrade Trading Platform

The trading platform offered by Hittecktrade is not talked about but it seems likely to be some web-based sort. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

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Trading instruments offered to traders are not listed except one cryptocurrency which is Bitcoin. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is withheld and while some may seem generous, they are not advisable. High leverages can lead to huge loss of funds as well. Spreads are not stated.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Hittecktrade

The means that traders are to use to make deposits and withdrawals are Western Union, MoneyGram, PayPal, Perfect Money, and Bitcoin. These options are not encouraging.

This is because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required is $15 and it is within the obtainable average of $100 to $250 that is common among legit brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Unrealistic Profit Returns

Another red flag we discovered about the broker is the fact that clients are promised high profits. The four plans offer profits of 115%, 150%, 165%, and 180% after 1, 3, 4 and 5 days respectively. Since crypto trading is very volatile and unpredictable, this kind of assurance is false. Making the broker untrustworthy.

Is Hittecktrade Licensed?

No. Hittecktrade is not a properly registered company. Like we pointed out, it claims to be registered in a location different from where it is based.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To reach an agent of the customer service, interested clients are directed to email [email protected]

Conclusion

Hittecktrade is not a properly licensed broker and we cannot rate it highly. There is also an unclear controversy surrounding this information. It promises traders unrealistic returns and profit margins.

If you have what to say about this brokerage, share your experience in the comment section.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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We appreciate your feedback on how to improve Yahoo Search. This forum is for you to make product suggestions and provide thoughtful feedback. We’re always trying to improve our products and we can use the most popular feedback to make a positive change!

If you need assistance of any kind, please find self-paced help on our help site. This forum is not monitored for any support-related issues.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

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