Name of Broker – Himalaya Exchange
Website – https://himalaya.exchange/
Regulated By – No recognized authority
Owned by the – Himalaya Exchange
Warning Issued By – Financial Markets Authority New Zealand, British Columbia Securities Commission
A number of investors whether new or experienced, with little or no knowledge, are curious and trying their hands on trading, without realizing the genuineness of the trading platforms and trading market. One of the major drawbacks here lies is the scam done by scam brokers who can be any Scam Forex broker, Scam Cryptocurrency broker, Scam Investment company, Romance/Dating scammer, Pet scammer or any type of scammer. These brokers have a unique yet common way of finding their victims either through cold calling, creating fake websites, or a pop-up advertisement. There have been proofs of scam activities done by Himalaya Exchange broker as All Scam Reports Team has done a thorough investigation. If you want to safeguard your funds and avoid these scams, read the Himalaya review and get to know about the scam activities of broker in detail.
Himalaya Exchange offers cryptocurrency trading platform and offers the traders the opportunity to trade in cryptocurrencies. Although the website of this broker seems to be good and looks complete, there are several loopholes in its working. No significant contact details. No Registration with good regulating authorities and lack of important information, these are points of suspicion.
Examine the below-mentioned points in Himalaya Exchange Review to know the reliability of Himalaya Exchange Broker –
When you are looking for a trade, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged Himalaya Exchange Broker Review in our list of scam brokers.
Regulation Status of Himalaya Exchange –
The regulation status of a broker is one of the most critical points while choosing the right broker. Here, with Himalaya Exchange broker, it seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that Himalaya Exchange has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with.
Complaints Against Himalaya Exchange Broker –
A number of complaints have been found regarding the Himalaya Exchange Himalaya Exchange
Leverages and Accounts of Himalaya Exchange Broker-
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, the Himalaya Exchange broker tends to charge a huge deposit amount that is a major red flag to avoid moving further with your investment journey. The same criteria goes with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the Himalaya Exchange broker tends to offer high leverage, shaping it as a scam broker.
Final Thoughts –
All Scam Reports Team advise the user to avoid investing here, as we have found that the Himalaya Exchange broker is a suspicious broker, operating without any legal license. Compiling together all the points mentioned in this Himalaya Exchange review, it can be concluded that Himalaya Exchange is a potential scam broker. Investors should always remember that the scammers don’t have any right to take away their funds with illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill a small complaint form and we will be in touch with you shortly with a Free consultation.
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