HexaTrader is an old autotrading robot for binary options trading. The base software has been used by many different companies as far back as 2015. Every few weeks we receive an email tells us to try the new secret software, and this week the software is called HexaTrader.
Before you become a victim, take a few minutes to learn about scam brokers, and fake binary option trading systems. If want to see the automated trading system that are most popular this month, go read the article; real trading signals.
HexaTrader Review
The base trading platform / software that HexaTrader gives you, is something we have seen many times before but under different names. You should see the review we wrote about Regal Wealth last year.
Algorithm software is readily available for traders, however the difference between them depends on how those trading signals are filtered. If the software places a trade on every signal that is generated, then you will blowout your trading account in a matter of minutes or hours. Hedge funds that use high speed trading algorithm software, are using multiple strategies which have been adjusted for proper risk management. There is no software available today for the average investor to use that mimics their systems.
You can see in this screenshot of HexaTrader that minimal options available to you.
HexaTrader Scam
Every time we watch the video on a trading software like HexaTrader, we are disturbed by the way to make it sound so easy and convincing.
In this case that brag about the unrealistic accuracy of the software:
“Record breaking accuracy of up to 94.7% winning trades”
Such accuracy for an automated trading software is only possible in spurts of 5 trades, but when the software runs 24 hours a day, there are many times were the results will be negative for many trades. 99% of people do not have enough money in their trading account to endure such a draw down.
Even the best trading robots, cannot produce such results, see here.
Scam Brokers on HexaTrader
Please read this carefully. Your money is not at HexaTrader, your money is at a binary options broker.
HexaTrader is just a software that connects with a variety of brokers. When you signed up for HexaTrader, they created a new account for you and one of the many online brokers. The broker you trade at, must be licensed and regulated in your local country.
We signed up for the software, and they assigned us a broker that is not licensed. The recommended broker they told us to use is located in Dominica. The biggest problem and complaints with traders come from the use of offshore scam brokers.
You should go find yourself a real licensed broker at the Best Brokers Page.
Australia Warning!
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”
Tell us other investors reading this review if you made money using HexaTrader, and which broker you are trading with, in the comments below.