HashTrade is an unregulated Crypto Forex broker that started operating on December 17th 2020, after their previous company Paragon Finance was exposed by the FCA.
For withdrawal problems or complaints, read this.
HashTrade Review
Day Traders and Investors at HashTrade are given the Status web-based CFD trading platform, which is user friendly, and simple to use. It says that we can use the Meta Trader 4 (MT4) trading app, but we could not find the platform to download. Mobile trading apps were naturally not available, as this is a new broker.
A wide range of underlying assets are available for CFD trading including; Forex Major, Forex Minor, Crypto Currency, Gold, Silver, Oil, Natural Gas, Market Indices, and Shares. Margin rates on $BTCUSD are 10:1 and the spread is $100. Minimum deposit for a trading account at HashTrade is $250.
This broker uses a few different payment processors including; Paytrio or xPayz.net. When depositing money at a broker that uses crypto payment processors, you lose your credit card fraud protection.
Automated Trading App
Like most people reading this review, we found this broker, because we signed up for the Bitcoin Era trading app.
You should really take a few minutes to learn about auto trading signals, see here.
Is HashTrade a Legit Broker?
No, HashTrade is not a licensed or regulated broker, and they are not supervised by any government agency.
Officially they are owned and operated by Xertz Consulting Inc, 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. No phone number is listed for this broker. Customer support email address is: [email protected]. They are operating two websites; Official website is at: https://hashtrade.pro/ and the website for the trading platform is at: https://client.hashtrade.io/dashboard.
When the Scam Broker Investigator reviews a new Forex or Crypto CFD broker to see if they are a scam broker or a legitimate broker, we check for a license from any of the government financial regulators.
Using a local brokerage firm, that is licensed in your country ensures that you will not have problems withdrawing your profits. Brokers in Australia must have a license from ASIC, while brokers in England must be regulated by FCA.
Compare Regulated Brokers
New investors looking for a good online broker have plenty of brokers to choose from. An experienced professional trader, will have a multiple trading accounts at different brokers, which they will use depending on the trading conditions.
Existing clients of HashTrade are invited to share their experience using this broker with other investors, in the comments section below.