Hex Option Review: Hexoption.com Unregulated Broker

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Hex Option Review
  • License and Registration
  • Contact Details and Customer Support
  • Fund Safety
0.5

Summary

Hex Option does not have legit customer feedback. We do not know what to expect from the scheme. It is important that before you trade with a broker you understand what you are signing up for. Platforms that are not reputable and operate discreetly have a high chance of being a fraud.

Hex Option is a platform that is allegedly trading forex, cryptocurrency, and options. Binary Options are products that have been banned in the EU. This is because the assets are extremely risky. It is more of predicting if the price will increase or drop. Offshore entities take advantage and decide to change the alternative.

Hex Option REview, Hex Option Company

Nonetheless, the entity also claims it has a license from CySEC. It is one of the strict regulatory bodies in the market. They cannot grant a license to a murky entity. The firm has a web trader. You can trade with your phone or computer. In regard to the security the entity brags about having an SSL certificate.

The document helps in ensuring your information cannot be used by hackers. However, this should be the least of your worries. Once you share your information with a con artist they could do whatever they deem fit. This could be selling it to criminals or using it to manipulate you. 

Instead of wasting your funds with a shady entity, we suggest that you trade reasonably with the best forex training schemes in the market. These are firms that have the best trading conditions. Your safety is guaranteed.

Hexoption.com Review

The entity has a demo account. It has a $10,00 that you can use to familiarize yourself with the trading activities. We still do not recommend the company. Scammers have a way of manipulating information you will think you are winning and ready to start investing. However, all this time the broker is the one behind the positive results. Hence, when you deposit money you lose everything.

Hex Option claims it is one of the reputable entities in the market. The broker allegedly was established in 2015. During our research, we found that the venture fakes its history. If you cannot trust them with minor details what will happen to your funds? They even brag about winning various awards.

However, the scheme fails to disclose the titles received or the companies that awarded them. Moreover, the assets that the venture has availed are extremely volatile. Therefore, you cannot predict the outcome. Despite this being a newly established venture they claim to have over 500K clients. However, it is impossible to attain such a high number of clients in a short period. It takes time to gain a reputation.

You should not blindly believe the narrative that investment firms pass. You should be more interested in the results. Refrain from doing business with this platform. You are only going to receive a bad outcome.

Trading Conditions and Accounts

Hex Option claims it has over 250 trading products. The least amount that you can deposit is $10. Investors can increase their skills by utilizing the learning materials on the website. Unfortunately, we cannot affirm if the resources are of high quality. This is because we did not have the liberty of viewing the data.

The platform allegedly utilizes technology to yield desirable returns. The trading keeps adding more products to allow clients to diversify their portfolios. Furthermore, the venture provides links indicating MT4. However, if you click on them you are led to weird documents. You should not download files that you are not aware of if they are viruses.

There are no trading activities taking place in Hex Option. The venture allegedly claims it trades forex. However, they do not indicate the leverage or spread that investors enjoy. This is a Ponzi scheme that is not worth your take.

Hex Option Withdrawal and Deposits

The listed payment methods are Visa, MasterCard, Bank Transfers, Neteller, and Skrill. Sadly, we cannot validate if these are the actual payment that they are taking. The venture does not have legal documentation. There is inadequate information regarding the withdrawal. 

Hexoption.com Review, Hexoption.com Features

We do not know the minimum amount that investors can cash out. Moreover, we cannot indicate if there are fees that clients need to pay. You are better off without this nasty venture. 

Customer Support and Customer Support

The firm claims it has the best customer support in the market. The multilingual team operates around the clock. However, the venture fails to provide their real contact details. There is no phone number that clients can use to reach them. Therefore, once you share your information you are trusting individuals that you do not know. Legit firms will avail all the necessary data. The support responds immediately to the query of their customers. 

Regulation Status of Hex Option 

Hex Option is a venture that goes overboard to prove its legitimacy. The scheme claims it has a license from CySEC, which is the regulatory body of Cyprus. The scam even forged a license number. Unfortunately, this document belongs to IQ Option, a venture that has nothing to do with this Ponzi scheme.

The biggest mistake of all time is to invest with the platform. You will lose your money and data. It’s so easy for novice traders to think the scheme is operating legally. They are hiding behind the shadow of a reputable venture. There is no way CySEC will allow a venture that does not disclose its trading requirements, withdrawal, and deposit information to operate in its jurisdiction.

Furthermore, Hex Option does not have a trading platform. Hence, it does not qualify to refer to itself as a genuine entity. If they steal your funds nobody will come to your rescue. Furthermore, the people that are responsible for the platform are anonymous. Trusting people that you do not know is unwise. 

The company does not report its daily trading activities to the authority. The accounts of investors are not segregated. Hence, your money will not be compensated. There are several legit investments first that have a license from reputable investment schemes.

The domain Insight

Hex Option is a shady venture. They have been in the market since October 2020. The domain name will expire in 2022. The information of the founder is missing from the website. Despite the entity not being legit, they have moderate traffic of 2 Million.

Hex Option Clients Review

Hex Option does not have legit customer feedback. We do not know what to expect from the scheme. It is important that before you trade with a broker you understand what you are signing up for. Platforms that are not reputable and operate discreetly have a high chance of being a fraud.

Scammers have the tendency of featuring false information to win over clients. They pay random people to advertise their murky business. Others designate a testimonials section in their entity, fill it with fluff content and use stock images. 

You can learn about a broker by looking for customer feedback on third-party websites. Hex Option is not offering fund safety. They offer unrealistic returns but we are yet to see anyone that has earned from the firm. 

Final Verdict

Hex Option has not won any awards. The only thing that this entity is good at is scamming innocent people. The trading conditions of the entity are unknown. Moreover, we also do not know the people that are behind the firm. The withdrawal information is missing. This should tell you that this venture is not only going to defraud you.

Invest with reputable forex trading entities. The best brokers in the market will avail all the necessary information for their clients. Deal with the prominent firms that understand the importance of having a reputable customer support team. 

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