Traderhive 42 AI has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was about to invest with Traderhive 42 AI but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
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. Traderhive 42 AI said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Competitive fees|Easy to use platform|Stable platform|Customizable dashboard
Cons: Desktop app not available on Linux
Do not be fooled by the professional-looking website. Behind the scenes, Traderhive 42 AI 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 I found them through a podcast recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.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: Market news feed|Portfolio tracking tools|Quick verification|Regular platform improvements
Cons: Limited ETF selection
I invested $5,000 with Traderhive 42 AI after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Do not use Traderhive 42 AI for anything serious. I used them since the beginning of the year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Educational resources|Full transparency|Good analytical tools|API access
Cons: Mobile app could be improved|Currency conversion fee exists