Hash X Capital is a trading platform that claims to offer competitive spreads and access to a wide range of asset classes to the retail traders. Their platform looks a bit crypto inspired and contains information about the basics. If you are someone new to this industry, then there is a good chance that you might not catch all of their flaws.
Australian authorities have issued a warning against them and it is clear that they have a shady origin and motives. Read this post till the end to know about the other concerns.
Hash X Capital Overview
Hash X Capital claims to be registered in the UK. During our deep dive, we searched about their details on the database of the FCA, nothing relevant was found. In other words, they are operating in the grey area and depending upon your region, it might be illegal as well.
Information regarding trading is also too basic and payment methods are not clear too. Things like deposit and withdrawal period are not mentioned. Lack of transparency is evident and that’s a recipe for disaster.
Support
Contact details we found on their platform are listed below.
Email – support@hashxcapital.com
Address – Coppergate House, 10 Whites Row, London, E1 7NF, UK.
Is Hash X Capital Scam or Not?
Any platform that operates without proper licenses like this one is probably a scam. From the source to social proof, no aspect paints them in a good way and that is how obvious the situation is. So, don’t make the mistake of trusting them with your money. Always choose a regulated broker that has been around for a few years.
Also, don’t forget to check out the user reviews. While social proof may not paint an accurate picture, it gives you a good enough reading on the experience.
Conclusion
Avoid this platform for your own well being. The Internet has made it easier than ever to access information and given the current digital era, we should make the best out of it to verify anything we see especially in the financial realm.
If something is still unclear, it is always a good thing to talk to a financial adviser.
