Hecksow LLC has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services". The FMA recommends caution when dealing with Hecksow.
Hecksow claims to offer a platform for cryptocurrency mortgages, treasury tokens, and DAOs (Decentralised Autonomous Organisations) for modern real estate financing.
The FMA is concerned that claims made by Hecksow about these services are... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After since the beginning of the year with Hecksow LLC, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Wide product range|Smooth onboarding
Cons: Mobile app could be improved|Slow to add new assets
The spread at Hecksow LLC is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Fast deposits|Wide product range
Cons: Website design could be more modern|Slow to add new assets
Do not be fooled by the professional-looking website. Behind the scenes, Hecksow LLC is disorganized and incompetent. I found them through a podcast recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: No hidden fees|Portfolio tracking tools|Clean UI
Cons: No phone support on weekends
Tried to withdraw my funds from Hecksow LLC and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Several red flags with Hecksow LLC: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Hecksow LLC said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Detailed reporting|Social trading features|Competitive fees|Great customer service
Cons: Limited ETF selection