Hexabot is a crypto currency auto trader, which fancies itself in the vein of well-known, legitimate auto traders such as Gunbot. While the whole premise on which the Hexabot pitch is built, is indeed feasible and reasonable, there are a number of problems which just make us go “hm…”
What exactly is Hexabot?
Hexabot is a crypto currency auto trader, which operates off the cloud, meaning that it is hosted on remote servers and users don’t actually have to download and install it. That’s not how established auto traders work, but it is feasible and indeed possible, so that’s not really a red flag. Hexabot registration literally takes a few seconds and the user is ready to trade as soon as a Bitcoin deposit is made into the specified “personal” wallet address, provided under the “wallet” tab of the Hexabot user interface.
There are three available strategy modules: the scalping one promises returns of 2.0%-2.3% daily. The Technical Trading one ups the stakes to 7.1%-8.2% every three days. The Swing Trading one promises 22.1%-24.1% returns weekly. Every one of these modules can be activated for free. That’s pretty much all there is to activating Hexabot – it is indeed a LOT simpler than setting up something like Gunbot, where scores of rather technical settings have to be navigated before any actual trading takes place.
In addition to the actual auto trader, Hexabot offers a Bitcoin faucet too, through which users can simply claim minute amounts of BTC, absolutely free and without ads being shoved into their faces.
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Other promises of Hexabot include instant withdrawals (processed and sent to users’ wallets immediately), hourly interest, a welcome bonus of sorts, of 0.0001 BTC and a referral scheme, which hands a 5% reward to all users who bring someone else into the fold. A compounding feature encourages existing users not to withdraw their funds, but to re-invest them to grab still more profits.
The person behind the Hexabot operation is a developer called Peter Shepherd, who is apparently very amiable and who interacts with the community through live chat.
Can I Trust Hexabot?
We are very much on the fence about this one. As said, the theoretical side of the business model used here is indeed feasible and it has been employed by legitimate operators. Still, the whole setup raises too many red flags for comfort. On our part, we’ll say for now that we would not trust it, though we shall reserve definitive judgment, pending more feedback from actual, verifiable users.
Red Flags and Question Marks
Unfortunately, such items are very common on the Hexabot “menu.” As a matter of fact, everywhere one looks, one or two such red flags jump out.
The website was registered on 9/8/2017. It is very young, and it just hasn’t been around for long enough to generate relevant user feedback.
The Peter Shepherd identity may be a fake one. We’re not saying it is, but it is a very common name and there just does not seem to be any Bitcoin-related record of it online.
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While for the most part, the grammatical quality of the website copy is proper, there are spots here and there, which were definitely not written by a native speaker. Some of these errors are quite blatant. This may not mean much at all, but our overall experience is that beyond a typo or two, proper English is never a problem with legit operators.
The business model – despite its feasibility – has some major holes in it. First off, the site says the bot NEVER loses. Legitimate auto traders never make such claims, as they are fully aware that their users are never more than a bad setting away from racking up losses. Secondly: artificial intelligence is brought into the equation – this one never bodes well.
There’s an utter lack of transparency regarding the inner workings of the software, and there are no proper settings users can tinker with. We can select the strategy to use, but there are finer settings which are absolutely necessary for a proper auto trader, and we don’t really know what kind of mechanisms the strategies employ.
The promises made by every one of the available strategies are simply too good to be true. The return percentages are out of this world.
Why is everything free? The creators of proper auto traders charge for the licenses they hand out, and they charge quite a bit too. A lot of work goes into proper auto traders and letting everyone access them for free is no way to monetize them.
The 5% affiliate setup is a tool often used by Ponzi schemers to effectively turn their victims into promotional engines, thus securing the flow of fresh funds through their pyramids. The compounding feature fits the Ponzi theory to T as well.
Last, but certainly not least, not all is right with the user testimonials presented at the bottom of the Hexabot homepage either, in the sense that they seem fake.
Take Amber McNulty from Melbourne, Australia for instance. Her picture is the same as the YouTube channel picture of a certain Brianne Fick, who has 20 followers there. Was it lifted from there, or did the YouTuber steal it from this brand new auto-trading site?
Hexabot Complaints
There are no proper complaints about Hexabot out there yet, just affiliate pushers and a few calls for caution from neutral people.
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We have recently received payment proof of some minor BTC amounts, from a Hexabot user. For what it’s worth, we are putting this out there. Still, we continue to advise caution with this operation, bearing in mind that every Ponzi scheme pays its clients/victims in the beginning.
Testimonials
I invested a small amount and after 2 days I cannot log into my account. I clicked the forgot password also, and no progress. I e-mailed them and the server rejected the mail address as invalid. I sent a message from their Contact page with zero replies. I then realized that I have been scammed. I also then tried to use my login details again to register it again. Then the system stated that the e-mail is already in use. So on registering it recognises the email address, but on login it states its invalid.
Popularity
At the time of writing this review (November 1, 2017), there was no data available regarding Hexabot’s popularity on either SimilarWeb. According to Alexa.com, Hexabot.top’s global rank was 347,332, indicating the site is getting some visitors, especially from the United States, Germany, Russia, India and Sweden.
Hexabot Review Conclusion
While the idea behind Hexabot is feasible, as you can see above, the setup generates way too many questions and red flags. This may indeed be a Ponzi scheme. For the time being, we shall refrain from calling it that though. As some relevant user feedback trickles in, we will all find ourselves in a better position to cast judgment. For the time being, we shall not invest our BTCs with this site though.
Verdict: HexaBot is a SCAM!
Blacklisted site: HexaBot.top
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Don’t touch it is a scam. I sent 1 LTC coin to them, and they didn’t even put into wallet for investing. No follow up support on email or telegram, just kept saying they will take a look.
Jason. I sent them 3.1 LTC without any issues and my account is working fine for almost 2 weeks now. I have recieved payment from my LTC and BTC that was there as advertised by the site. They had huge issues last night as swing paid out and the site could not handle the load of withdraws. They have disabled BTC withdraws and deposits while they try and fix the issue.
Why is the Community (Chat) removed just this night? They could help and response there more quickly if there where issues. Other users can also get in touch with each other more quickly.
So true Kris. why did they remove the chat??? I have emailed and sent them a message via telegram and still no response. 100% Scam and as the first person stated I brought a few people in which makes it worse. SMH! RUN RUN RUN as fast as you can from this site.
Did you retry to withdraw? It doesn’t work at all.
People…
**DO NOT JOIN HEXABOT LTD IT IS A SCAM** and if it is “Legit” and the site is fixed and runs for infinity. By not responding shows they are not concerned. It’s similar to acknowledging a person on the street and saying good evening and the look at you ‘no reply’ not giving you the time of the day & keep on walking.
It is run probably by some ‘kid’ who uses the alias name of a British actor.
Peter Shepard (beta.companieshouse.gov.uk/company/10991182/officers).. Everyone knows communication creates trust even if it’s a responder email letting the customer know that their issue is being resolved.
So like I said earlier even If it’s ‘Legit’ and they tripled your money back. I would not suggest for people to risk big sums of money in this company. This is a minor problem what would happen if there was an even bigger problem. They are on a cloud.. It’s pity people cannot contact the server to shut them down for fraud. Remember people are still joining into this ponzi.
I recieved withdraw but I can’t withdraw it it show msg I don’t have active deposit what that mean . What I should do
They are having some issues with the site as a couple of thousand people tried to withdraw at the same time so right now withdrawal is disabled. Peter (the developer) was in the chat before the problems started and talked to everyone and also told everyone the site was having problem so the site would be up and down while he fixed the problem. Seems the issue is not resolved yet but I’m sure Peter is working on it and has been up all night most likely. Keep calm and just wait for him to finish. If it was a scam Peter would not very likely try to fix the problems and communicate with the investors as he does. 🙂
@ Magnus…what I think is that you probably are a player in this ponzi scheme too along with this wacky woods character also. The site doesn’t have a current community chat and no word of this on the news section page of the site.. No one has talked to me about any problems. Hexabot has my email and no notification or communication about this. I have emailed and also reached out on the telegram chat. no reply. btw I had to download it on my phone what if I didn’t have a smart phone. I would be out of luck right. Why should I have to do this to communicate with a business. Why not a stoic email like the rest of the world uses. Why doesn’t the email work? It’s published but hmmm probably doesn’t exist. right?
The chat was removed because to many rumors was being spread. And Peter was more concerned with fixing the site than communicating, I would probably do the same. If I was in his shoes and a lot of money was on my responsibilities. Yes he sucks at pr and community management but the site is getting fixed. Maybe keep up with the news before spreading rumors =) and no I have nothing to do with the site, I do believe in Peter though. I still got 1btc locked in there and I’m not a rich guy, but I knew what I was getting into.
Where is the news posted it would be great if he is working on it. But would like to see where he has been communicating.
Magnus , Any idea when the site will return to normal? if he is not scamming he could have leave message in new section. about the latest updates.
Peter is not the best at present or community management. There is a new blog post on a site that explains it all. It could take a week or even two for the site to come back up.
Mena. Last night they experienced an issue with the withdraw after the swing bot paided out. It caused the Site to crash. At the they have requested nobody to deposit any BTC and withdraw is blocked while they try and fix the backend stuff. Site is still up and running and can see people have deposited LTC today and it working just Fine. Contact them on Telegram support chat if you worried.
Why they taken off chat community. Why they are not answering to my mails.
Me too same thing. I dont have active deposit.
Hi Mena, we have the same experience, I have withdrawable balance and yet it says ERROR… NO ACTIVE DEPOSIT. I hope Peter solve this problem.
Optimist
e so criar um deposito demo, ai vai poder fazer seus saques.
I deposited 1 litecoin and they never credited to my wallet in hexabot. No reply to email or text gram requests. Only had 1 account.
3Azz2xeXTwHRLafwdxpB7QAP617w46j6VW
look this up on blockchain. 15 bitcoin sitting in this wallet. this peter guy is laughing with the money that he has taken from hardworking folks..shame 🙁 shame don’t fall for this is a scam
blockchain.info/address/3Azz2xeXTwHRLafwdxpB7QAP617w46j6VW
oh yeah 15 bitcoins that’s $176835.07 usd just one wallet I’m sure he has many many more… this guy is sitting on probably 10 15 million i’m sure..
One wallet on an exchange yes, that the bot uses to trade with.
They locked my account too the same night I made it. I cant even login.
Did you already make your deposit?
S. There is a few people with the same issue bit if you reach out to them on Telegram or drop them an email they would reset and fix your account issues. Do let me know if you need the TG contact info to reach out to them
I just attempted to reach out to them on Telegram. The telegram chats have been disabled. I just invested about 4hrs ago, and I also made a friend invest. The btc has left our blockchain accounts but the hexabot accounts were not credited. I’m so sorry I got my friend into this.
Lost my password. Emailed them 4 days ago and got nothing. Where can i contact peter or someone in support?
Loui.. There is only one support person at the moment for Hexa, so replies at times can be slow. I been on the site now for 2 weeks and never had any issues and spoken to the support guys around 4/5 times and always get a reply back within 24 hours.
Try contacting them on Telegram @hexabot_top.. Seems to be the quickest way.. Just put down your actual issue with all your detailed information, email,username etc that is on the site and ask for support. they will then reply back once sorted, but if you dont get a response just keep chasing
I invested a small amount and waited. 2 days in now the login page states that my email adress is invalid. I emailed them with the email adress provided. Outlook returned the adress as invalid. I left a message on their contact page. No response from them.
I realized this is a scam. So I tried to re-register. It then stated that my email adress is already in use. So the system recognises my email but fail it on login.
Password reset does nothing. It does not even link you to anything and dont send a password reset email.
This is exactly what happened to me. My second account which got locked still exists with username, deposit and corresponding email address. I can see it over the “search user” function from my first account which is still active and hopefully will be
You should contact them on telegram, they answer much faster there.
There has been known issues withdeposits last week that they were working on. Believe that should have been fixed and they had requested anybody that is missing deposits should reach out to them on Telegram for support. There is only really one Support guy but he does reply (i spoken to them 4/5 times already and always get an answer within 24 hours). If you need the contact info for TG let usknow and we can provide it.
WackyWoods,
All this is verifiable on Blockchains. There is 0 balance on my Hex wallets. He took the money and ran.
It pays, it really pays hexabot is cool.. [affiliate link removed]
my account is locked as well, scripting error when trying to recover password. Contacted via telegram and email…we’ll see how this goes
Vlad. Hope you managed to get through and your password reset, if so would be nice for you to let others know you have been successfull or not?
Hi, i hv a question. Hexabot does register their company at UK (u can check on beta.companieshouse.gov.uk/officers/lZz_mEnjVNfMIrZYq1OV-7OhDnY/appointments). so, they can still scam people?
Of course… you can register an UK company in 5 minutes
So, can we formalize a collective complaint?
Great write up.. Further reading
ishexabotreal.com