Shares Hub Review – Appears Transparent, But Is It?

With a fancy-looking website and transparent conditions, it’s easy to attract new users. However, there are quite a few things that might be deal-breakers, primarily a lack of legal transparency.

Once you experience getting manipulated, you double-check everything. Our honest advice is to do it regularly. To find out why, read this Shares Hub review until the end.

Legal Info: Is Shares Hub Legit Or A Scam?

One of the first signs to wait with your registration with this firm is the absence of any Shares Hub reviews. But honestly, that’s your last concern once you realize the company doesn’t have any trading licenses.

In general, we are not surprised by their hidden registration details, contacts, and addresses. Anyway, we suggest you search for this broker in the databases of the SEC, FCA, IIROC, or similar. That will give you proof that they can’t be trusted at all.

Who Are Shares Hub’s Victims?

Even though there are no reviews, there is website traffic analytics to help us with analysis. As it seems, Shares Hub platform is mainly advertised in: 

• United States
• United Kingdom
• Canada
• Ireland

The key reason for this is a high percentage of potentially wealthy users. They only need a few before they get exposed by regulators. 

But to learn how to recognize such platforms, make sure to check our Bitoneu and Invictus Capital reviews. In case you have trouble withdrawing funds from any of these, feel free to contact us for a refund consultation.

Leverage, Commissions, Spreads, Fees and Taxes

If you still opt to sign up for a Shares Hub account, prepare yourself for hefty costs. Primarily because most of them are hidden, starting with commissions, rollovers, and regular fees. The only detail we know is quite a high spread starting from 2.8 pips.

In the end, none of that matters when you realize the maximum leverage offered is 1:400, which is way above all regulatory standards.

         Bonuses

Once you complete the Shares Hub login process for the first time, you can also expect bonus offers to get started. But be careful. Bonus deals include shady clauses. For example, withdrawal restrictions.

You can’t withdraw your money unless you reach minimum trading volume requirements. And the requirements are quite high. For example, if the bonus added is $200, you have to reach 50 standard lots. We should mention that one standard lot equals $100K.

Shares Hub Trading Features

We have already clarified whether Shares Hub is legit or not. We are just adding up potential irregularities. One of the notable benefits for traders should be scalping and STP/Market execution. But with the platform they offer, it’s all highly questionable.

         Trading Platforms Available

This trading firm allegedly offers the highly popular MetaTrader 4 software. However, without download options and free platform access, it’s hardly believable that’s the case. All in all, whether MT4 is offered or not, the platform is not regulated.

         Available Trading Assets

With only around 100 tradeable assets, this trading firm can hardly compete with any average brokerage, especially with its hidden conditions. Anyway, expected assets include: 

• Forex – USD/JPY, EUR/NOK
• CFDs – gold, FTSE100, Netflix, BTC

         Account Types

The key problem with the Shares Hub trading firm is its high deposit requirements for all accounts. The reality is most likely a bit different. Most of the time, scammers will allow you to start with as low as $250 and then extort more.

Anyway, we wouldn’t recommend you ever invest so much money with an unregulated broker. The options here are: 

• Bronze – €12,500
• Silver – €25,000
• Gold – €75,000
• VIP Platinum – €150,000

         Mobile Trading App

If the Shares Hub broker ever offered MT4, they would also offer mobile app download options. Yet, there are none. In any case, if you are interested in mobile trading with MT4, pick a regulated broker instead.

         Demo Account

Companies that don’t hide anything usually offer a demo account feature. This way, traders can explore all the options and conditions without being pressured to deposit money. 

Sadly, with this trading firm, such an option is not available. Neither is the micro-account option in play.

         Education

Learning how to trade properly and avoid trading shortcuts is the key to trading success. However, expecting an unregulated broker to teach you how to trade is quite a bald move. And worst of all is that Shares Hub doesn’t offer any educational packages.

Shares Hub Withdrawal

Another suspicious detail about the Shares Hub scam broker is its withdrawal policy. They claim to process withdrawals within the first 30 days of the account being opened. What happens after that remains a mystery. Or not?

With the mentioned verification in the withdrawal process, you can certainly expect issues and delays there. On the positive side, the company claims not to charge any fees for card withdrawals. Yet, fees for other withdrawal methods are not disclosed, so be aware of it.

Customer Support

The best way to describe the company’s reliability is its customer support. Apparently, they offer assistance 24/5. 

However, with only e-mail and web contact forms available, that’s hardly believable. If you check any top-tier licensed firm, you will realize what trusted support looks like.

Key Information To Consider About Shares Hub

Everything about this trading firm is speculative, starting with trading platforms, conditions, bonuses, and withdrawal policies. On top of all this, the company is absolutely anonymous and operates without any regulatory oversight. Is it a safe place to invest money? Certainly not.

Therefore, if you have funds in your account there, you better apply for a refund right away. For step-by-step guidance, feel free to contact our refund experts. After all, the first consultation with them is completely free. Send us a message now.

FAQ

What is Shares Hub?

Shares Hub is a great representative of anonymous and unregulated Forex and CFD trading firms with highly risky investment offers.

Is Shares Hub Legit?

No. The company is not regulated by any top-tier and trusted regulatory agency. Therefore, you can only expect to be manipulated.

Who Owns Shares Hub?

The ownership of the Shares Hub trading brand is unknown. If you have trouble getting your money back from this broker, reach out to us for chargeback assistance right away.