A lot of people are chasing opportunities to make money via the internet. Unfortunately, many of them are going about it the wrong way because they do not have the right information. That is why sites such as HexaTrade are in business. They effectively deceive people by giving them high hopes only to steal their money.
If you’re one of those that have come across this site and you’re planning to invest on it, I suggest that you don’t do it, at least until you have gone through this review and the scheming of the owners of this site. However, if you’re thinking of a quick investment option, you can check up a regulated site that can help you grow your assets through copy trading.
What is HexaTrade?
This is a site that promises its users financial freedom through investment in cryptocurrencies. Even though it doesn’t look as if the owners know much about the digital currency ecosystem, they have written a compelling copy on how they could help you earn. Incidentally, it is just marketing gimmicks that aim to take your money.
You have to understand that fraudsters do not care how you make your money. You could work all your life and make savings, the objective of the fraudster is to steal the money if they could. This is why you should do what is necessary to protect your funds. A
According to the Securities and Exchange Commission, your best option in protecting your funds is by educating yourself about any investment propositions that come your way. In fact, you should research the background of any sites or investment propositions that come your way. Otherwise, you would believe deceptions such as this:
“A lot of people out here are chasing financial freedom but for lack of information they don’t know the steps to take. Finding yourself on this page is not coincidence, rather it is a signal that financial freedom is only steps away if you make the right choice, the right decision by joining cryptocurrency cloud mining today and mine your coins to financial freedom.”
Uninformed About Cryptocurrency
What any experienced member of the cryptocurrency community would notice about this site is that the owner is not knowledgeable about the industry, so they have made attempt to cover their ignorance by using content they got from other sources on the internet and editing them for marketing purposes. However, they still passed the wrong information or half-truths.
Imagine writing that:
“Cryptocurrency is the power which is encoded into complex series of calculations. What loans money related esteem is their multifaceted design and their security from programmers. The way that crypto coin is made is essentially excessively complex, making it impossible to repeat.”
This is essentially nonsense because there is neither coherence nor sense in the statement. The owner of this site obviously does not understand what cryptocurrency is. Complicating issues is that they have confused issues by mixing it with loan. Only someone who is more uninformed would be deceived by this site.
Here’s another one:
“Cryptocurrency is not at all like fiat cash, another part of what makes crypto coin significant is that, similar to silver and gold, there’s exclusively a limited measure of it. Just 21,000,000 of these to great degree complex calculations were created.”
You may notice that they are misrepresenting and interchanging the word, cryptocurrency with Bitcoin because they do not know the relationship between them being that Bitcoin is a cryptocurrency just as there are many others such as Zcash, Dash and Monero.
It Gets Even Hilarious
Even though the site does not specify how it planned to generate the funds it would pay the investors, it is obvious from the content that it gave the impression that it mines digital currencies such as Bitcoin.
In fact, from this statement, it is clear that only people who do not know anything about Bitcoin will be fooled by this site;
“Presently, anybody can be a mineworker. The originators of Bitcoin made the mining instrument open source, so it’s allowed to anybody. Be that as it may, the PCs they utilize run 24 hours a day, seven days a week. The calculations are amazingly intricate and the CPU is running maximum capacity. Numerous clients have particular PCs made particularly to mine cryptocurrency. Both the client and the particular PC are called excavators.”
The statement makes no sense because Bitcoin cannot be mined with your regular PC as it claims. The age of CPU mining for Bitcoin is long over.
Who Owns This Site?
Scam sites never list the identity of their owners even though they like to create the impression that they are reputable. This makes them use faked identities to represent the owners or present certificates of registration which are basically worthless as a tool of authenticating legitimacy.
The Company House and other registration agencies do not have oversight function over businesses. So a fraudster can easily register their business and obtain a certificate they’ll later use to defraud people.
Even though HexaTrade did not provide the identity of the owner, it did present a certificate of registration. However, even the certificate has been falsified. Arden Hexan Investments Limited was incorporated in December 2016. The owner of HexaTrade used the certificate of Arden Hexan but doctored it to HexaTrade.
A search of the registration number 10513631 shows that it belongs to Arden Hexan and not HexaTrade.
High Yield Investment Scam
The quickest way to identify fraud sites is what they promise their investors. Scammers are aware that the only way to attract investors to their schemes is by promising high profit for deposits. Many investors are lured by such offers but when they send their funds, they mostly lose them.
In reality, the only people that make profit with scams such as this are the scammers. This is why you must not be caught in the web of money without work schemes.
The investment plans offered by HexaTrade are untenable. The basic plan is 120 percent in 24 hours. Others are even higher. The motive is to appeal to people’s need to make quick money and lure them to make deposits. But they will never recover their funds talk less making profit.
HexaTrade was packaged to deceive the uninformed. Every data provided on the deposit and withdrawal table is false. Many sites like this are set up because many investors do not cross-check information.
This is why we recommend that you only invest with regulated sites. You can check our top recommendation here. What experience do you have with Hexatrade? You can share it using the comment box below.