According to the company’s legal documents, Hxeyy trading brand belongs to the “so-called” Scottish Group. The same firm is running another copy-pasted website, csecrypto.co. Even if the Scottish Group was licensed, this would be problematic.
In general, if the company operates legitimately and is successful, there’s no need for another brand. Unless they are expanding in other jurisdictions. In any case, this Hxeyy.co review reveals all the secrets of this bogus scam.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Hxeyy.co; csecrypto.co |
| Have Warnings from: | N/A |
| Registered in: | N/A |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Considering zero transparency, minimum security, and quite poor platform features, you can definitely expect withdrawal problems with this firm. Luckily, our team equipped with the CipherTrace tool can help you recover funds from this swindler. Get in touch for more details. |
Legal info: Is Hxeyy.co legit or a scam?
At least one thing is guaranteed about this firm: It’s not legit. This is primarily because the company is not licensed by any current authority worldwide, especially not by top-tier ones like FCA, BaFin, ASIC, or CFTC. Consequently, the fund’s protection measures are set to zero.
In addition, the company is hiding many important details, such as ownership information, addresses, and transparent contact information. All these details led to numerous negative Hxeyy.co reviews.
Who are Hxeyy.co’s Victims?
If you think the company’s customers are not victims, make sure to check their registration date. In particular, their current domain was registered in January 2024. Thus, the company claims to have more than five years of experience in digital asset services. Not with this trading brand, for sure.
Nevertheless, countries that are mainly targeted by this company are:
Important to realize that both countries have quite strict regulations. Yet, this firm didn’t acquire any of the necessary licenses to provide services there. If you were using Hxeyy.co wallet as well, and if you experience any issues, contact our refund experts immediately for a refund consultation.
Traders Reviews
To be fair, the Hxeyy.co crypto exchange doesn’t have exact reviews. However, their predecessor, csecrypto.co has tons of negative comments on the Reddit platform. If you check the previous platform domain age, you will see they were registered in November 2023. And now you understand how they have five years of experience. They just change their name when they get exposed.
Nevertheless, the biggest issue with this company is obviously the withdrawal procedure. Luckily, crypto transfers are nowadays easily traceable. If you want to get your funds back, feel free to contact us for consultation.
Leverage, Commissions, Spreads, Fees and Taxes
Another key disadvantage with Hxeyy.co trading company is zero cost transparency. Literally, zero information is provided, resulting in unexpected fees, taxes, and other costs. That’s why it’s important to work with top-tier licensed firms. Unfortunately, Ton Fx is not one of them.
Bonuses
Bonus incentives with scam firms are quite often. However, this firm, with its quite poor presentation, doesn’t provide any details about it. But you shouldn’t be surprised if they offer you some bonuses. Don’t trust it a bit because they will trick you into paying them more money.
Hxeyy.co Trading Features
All the features of Hxeyy.co exchange can be questionable, primarily due to missing regulations. They can present you with anything they want. But if they will deliver it remains a mystery.
On top of that, all the features available there are pretty basic ones. If you are looking for any advanced options like social and copy trading, look elsewhere.
Trading Platforms Available
In addition to poor features, the company offers only a web-based platform. The company’s staff can easily modify what traders see and make them believe the fictive profits they are gaining.
Consequently, they decide to throw more money away. Logically, everyone would fall for it. But now you know the trick. If you want to learn more, check our Delta-stock.com review as well.
Available Trading Assets
Tradeable assets with this company are only related to cryptocurrencies. Even though three trading options are available – spot, contract, and options – these are only tied to crypto assets. These include:
- BTC
- ETH
- ECHO
- GENA
- MAGIC and many more
Account Types
Usually, with crypto exchanges, traders get better fees if they have a higher trading volume. It’s a win-win situation. However, scam exchanges are only a trick to extort more money from a client.
With Hxeyy.co scam company, that will be another mystery. They don’t reveal any information about any promotions or benefits.
Mobile Trading App
If you want to use trusted iOS and Android apps, you better find a Tier 1 licensed firm. Non-regulated ones often use proprietary apps that are not even listed in trusted stores.
But to make everything worse, this firm doesn’t offer that. Instead, you can use their fairly non-optimized WebTrader on a mobile.
Demo Account
As with many other exchanges, this one doesn’t include a demo account in its offer — if there’s any legitimate offer at all. In any case, if you check any Tier 1 licensed brokerages, you can play with a demo before you invest any money. Here, that’s not the case.
Education
To be a successful trader, you primarily need adequate knowledge. Tools are practically useless if you don’t know how to use them. Sadly, with Hxeyy.co company, you won’t have the satisfaction of learning about the crypto world.
Hxeyy.co Withdrawal
Without a clear withdrawal policy, traders can expect any obstacle they can think of during the withdrawal procedure. But keep in mind that even if they have a policy, it’s worthless without a license. In any case, top-tier exchanges offer withdrawals within 24 hours.
With this one, we highly doubt it’s that quick. Especially with non-transparent fees, they will ask you to pay, extending the process even more.
Customer Support
The only available contact detail is the e-mail address. Thus, working hours, live chat, phone lines, or social networks are not part of the deal. Which is a clear sign the company will vanish eventually.
Key Information To Consider About Hxeyy.co
Whatever you look at with this company, there’s something suspicious. However, the primary problems are a lack of transparency and missing regulations. Therefore, you can’t expect anything good from them. Thus, you shouldn’t be ashamed if you get scammed. These swindlers know how to persuade inexperienced traders. The key is to do something about it.
That’s why our refund specialists offer the first consultation completely free. Ultimately, the choice is yours if you want to proceed or not. Don’t let these swindlers get away with your money. Book your meeting today!
FAQ Section
What is Hxeyy.co?
Hxeyy.co is a fraudulent and anonymous crypto exchange allegedly operating under the ownership of Scottish Group which also runs another scamming exchange.
Is Hxeyy.co Legit?
Absolutely not. The company is completely non-transparent and operates without any regulations for digital asset service providers.
What is CipherTrace?
CipherTrace tool helps authorities follow crypto transfers and our team uses it for funds recovery procedures. For more information, don’t hesitate to reach out.
Source:
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