Discover why Hovexbit.com, the investment platform everyone’s talking about, is raising red flags before you hit that sign-up button!
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Overviews of Hovexbit.com Crypto
Hovexbit.com is a crypto investment platform promising to provide traders/ clients ways to trade cryptocurrencies and earn money.
They claim to offer traders with different cryptocurrencies and digital assets, and receive a percent on their investment. What’s more, they make claim of giving clients good market insights, portfolio monitoring and incentive for a new member through their referral program.
Exposing Hovexbit.com Crypto Trading Scam
First thing first, Hovexbit.com has not revealed any contact information about itself or its alleged registration address. The absence of a credible data about this company’s identity is quite worrisome to be honest, as we don’t actually know who stays behind it.
Following this, there is no accountability if you are scammed as the owner’s information is not known.
Also, traders have had it tough with Hovexbit crypto investment as they are not allowed to withdraw funds. The usual tactic is that they claim traders must have a required deposit of $200 plus before withdrawal would be processed.
What’s more, the platform does not offer money back guarantee which means trading on the platform is clearly a risk as your money cannot be refunded.
Another red flag, Hovexbit.com is not different from Rabmlex.com crypto investment scam. Because of the scam practice, users of the platform have had their accounts blocked or most times being denied access.
Next, many traders have been fooled by the instant account upgrade in BTC prizes. Here, you are made to input the promo code giving after the registration which is all scam using to lure more victims.
It is always advisable you check for regulated and licensed entity on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Hovexbit.com Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Hovexbit.com is not a licensed investment company. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
Hovexbit.com looks a lot like Excoinlite , Bitdimas.com, which might trick you into thinking it’s a reliable trading and investment platform. But don’t be fooled by their words or their flashy website. There’s solid proof that this company dealing with cryptocurrencies isn’t trustworthy. It’s crucial for traders to stay away from unlicensed platforms like this because they’re often operated by scammers.
It’s also crucial to educate yourself about potential scams and only engage with legitimate cryptocurrency trading platforms.
Also Read:
