Thinking of getting into business with CashHuntFX? Here is what you must know about this broker. Carefully read this review to find out if cashhuntfx.com is the trading platform you will want to trade with.
Table of Contents
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
About CashHuntFX
CashHuntFX is an offshore brokerage company with a lot of promises for traders. The broker contact shows different addresses from countries. See below.
There are claims of regulation from financial authorities like Cyprus Securities and Exchange Commission, Financial Conduct Authority and Financial Services Commission of the Republic of Mauritius.
The account types offer are Micro, Premium, Gold and Platinum.
Added, it trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify, regardless of the trading instruments CashHuntFX claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
cashhuntfx.com: Reasons to Avoid This Broker
Firstly, cashhuntfx.com is a platform with no financial authority overseeing its financial services. We discover the broker is not worth your money because Financial Conduct Authority (FCA) UK has warned against the broker.
Secondly, we noticed cashhuntfx.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
CashHuntFX leaves us with no specific information on processing days nor withdrawal fees. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
CashHuntFX minimum deposit is pegged at $100 according to the account type.
As for the payment methods, the broker discusses Credit cards, Bank Wire, FasaPay and more. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
CashHuntFX Platform
CashHuntFX claims to offer MT5 (Industry standard trading platform), however, the option of this platform doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, the broker discusses 1:500. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
CashHuntFX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. 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.
Instead, Trade with TOP RATED BROKERS
Accounts
Free Trial
Projects
SSL
S
Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
TOP CHOICE BY TRADERS
Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is cashhuntfx.com a Reliable Broker?
No, cashhuntfx.com is not a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
We owe our readers the duty to fish out scam forex brokers as well as share reasons to avoid fraudulent schemes. Meanwhile, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.