Main for HempCrypto
Broker HempCrypto adheres to the idea of security and comfort. Potential clients are promised continuous platform improvement to achieve outstanding trading results. However, judging by the conflicting reviews that have appeared recently, this intermediary should not be trusted.
Key facts about HempCrypto
According to the company’s assumptions, HempCrypto has been offering its services since 2019 and provides the following indicators:
- 39,600 clients,
- trading volume of $150 million,
- 365,000 orders daily.
Assuming the company has been in existence for 4 years, these figures seem plausible. However, doubts arise about their accuracy. There are few reviews about the broker, and according to the available data, the website has only been operational for a short time.
The research also revealed that scammers have simultaneously launched two websites – hempcrypto.net and hempcrypto.com, to enhance their presence.
The organization HempCrypto claims to adhere to all international rules and standards. They highlight one hundred percent regulation by the following organizations: ASIC, DFSA, FSCA, and others. However, in reality, the company is only licensed by:
- FCA (United Kingdom),
- IFSC (Belize),
- FSC Mauritius (Mauritius).
Checks conducted showed that the company provides services illegally and does not take responsibility for client losses.
Trading conditions
HempCrypto promises safe and convenient trading conditions and the best service on the market, but these are just empty promises. To attract newcomers, a low entry threshold is set, there is no demo account, training and qualified support are provided. The scammers’ goal is to collect at least a minimum deposit.
Among the available tools are stocks, stock indices, currency pairs, cryptocurrencies, commodities (a total of 230+ assets). Three types of accounts are available:
- Novice – from $150,
- Amateur – from $1,000,
- Professional – from $10,000.
Reviews about HempCrypto are currently limited, but those available indicate negative sentiments towards the financial agent. Clients complain about extortion, fund drainage, and payment refusals.
Scam in HempCrypto
Information about HempCrypto on the Internet is still insufficient, and newcomers often rely solely on the broker’s honesty. Most users do not usually verify the content of the website, and this is what scammers count on.
Tricksters place their own person next to the potential victim, who offers valuable trading advice and virtually concludes successful deals. This is done to gain trust from the trader. Once the trader decides to make a large deposit, their account will be blocked, attributing it to suspicious activity or technical failure, after which contact will be lost.
Conclusion
It is better to avoid contact with HempCrypto as it is a carefully disguised deception. The company acts contrary to the law and only strives to deceive as many people as possible and enrich themselves at their expense. Be vigilant and carefully verify data and reviews before making investments to protect your finances.
Help prevent financial schemes by sharing your experience with HempCrypto. Your review will be published under our material.
HempCrypto in 2022 has displayed a consistent performance with a user-friendly platform and knowledgeable customer service, but there have been occasional complaints about delayed withdrawal times.