Hedges Trade is a platform that claims to offer investment trading services in financial derivatives such as forex, CFDs, stocks, cryptocurrencies, precious metals, indices, commodities, and futures. Its domain was registered on June 17, 2023. However, no registration information for Hedges Trade has been found in the UK, and its claim of being regulated by the UK's Financial Conduct Authority (FCA) has been proven false. The official website of Hedges Trade is: https://www.hedgestrade.com/.
Corporate Background of Hedges Trade:
The domain for Hedges Trade was registered on June 17, 2023. According to its official website, the registered address is 107 Cheapside, London, EC2V 6DN, UK. However, no registration information for Hedges Trade has been found in the UK. The company's current registration details are unknown.
Regulatory Information for Hedges Trade:
Hedges Trade claims to be a UK-registered company regulated by the Financial Conduct Authority (FCA) with regulatory number 900025, offering investment trading services in forex, CFDs, stocks, cryptocurrencies, precious metals, indices, commodities, and futures. However, investigations reveal that the FCA has not authorized Hedges Trade to provide financial services. This shows that Hedges Trade's regulatory information is falsely advertised, and it is not regulated.
Account Registration Process for Hedges Trade:
- Visit the Hedges Trade website and click the registration button.
- Fill out the application form.
- Submit identity verification/phone number verification documents.
- Deposit funds and start trading.
Account Types at Hedges Trade:
The official website of Hedges Trade does not provide specific information about its account types. Currently, it is unknown whether different types of trading accounts are offered to meet the needs of various investors.
Trading Software for Hedges Trade:
Hedges Trade uses cTrader as its main trading software. cTrader is a well-known trading platform valued for its user-friendly interface and powerful features, which are well regarded by traders. cTrader is available on desktop, mobile devices, and web browsers, allowing traders to access and manage their accounts anytime, anywhere. Although cTrader itself is a reliable trading platform, investors need to ensure that the overall trading platform they choose is transparent and regulated.
Trading Products at Hedges Trade:
Hedges Trade offers a variety of financial trading products aimed at meeting the needs of different types of investors. The main trading products include:
- Stocks: Hedges Trade allows investors to trade in major global stock markets.
- Forex: Hedges Trade offers a wide range of forex trading pairs, covering major, minor, and exotic currency pairs. Investors can trade major currency pairs such as EUR/USD, GBP/USD, and USD/JPY.
What are the Spreads, Leverage, and Commissions at Hedges Trade?
The specific trading conditions such as spreads, leverage, and commissions are not disclosed on the official website of Hedges Trade.
Deposit and Withdrawal Methods for Hedges Trade:
The deposit and withdrawal methods for Hedges Trade are not specifically described on its official website. Typically, traders might be able to use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, and e-wallets.
Customer Support at Hedges Trade:
Email:support@hedgestrade.com
Conclusion:
Hedges Trade has significant transparency issues in several key areas, including unclear corporate registration information and regulatory status. These issues pose high risks and uncertainties for investors considering this platform. Although the platform offers trading services in various financial derivatives, the lack of specific information on account types, trading conditions, and deposit/withdrawal methods makes it difficult for investors to fully understand and evaluate its service quality. Currently, Hedges Trade is listed as "Suspected Fraud" on TraderKnows.
