Apparently, the High Rise Market company was registered in 2022, not too close to the soil they are mainly active in—nothing more than Saint Vincent and the Grenadines. This is not the greatest start, especially once you find out their other offices are in North Macedonia and Azerbaijan.
In general, nobody would dare to go and check it out. So, in many cases, traders opt to believe the broker. Luckily, this High Rise Market review will show you why you should not.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | Hrm2.market, highrise2.market |
| Have Warnings From: | N/A |
| Registered In: | Azerbaijan, North Macedonia, Saint Vincent and the Grenadines |
| Operating Since: | 2022 |
| Trading Platforms: | MT5 (allegedly), proprietary platform |
| Maximum Leverage: | 1:500 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not available |
| How To Withdraw From This Company? | With zero transparency about important trading conditions and no regulatory oversight, withdrawal issues are highly possible. In case any problem occurs along the way, contact our chargeback team for step-by-step refund guidance. |
Legal Info: Is High Rise Market Legit Or A Scam?
Indeed, finding High Rise Market LLC in the FSA (Financial Services Authority) of Saint Vincent and the Grenadines is not hard. However, this registration doesn’t mean they are authorized to provide FX and CFD trading services. Especially not in countries where they operate. Instead, the company should have at least one of the following licenses: FCA, CFTC, ASIC, BaFin, CySEC, or similar.
Contrary to the FSA database, none of these have any records of the High Rise Market being regulated. Not only is the security compromised, but everything this broker advertises is bogus.
Who Are High Rise Market’s Victims?
Since the company claims it can trade anywhere except the US, Italy, Spain, North Korea, Japan, and Turkey, its targeting areas are quite strange. Firstly, the High Rise Market reviews show customers from South Africa, Australia, and Singapore. But that’s a minority.
Considering their 4.000 new clients as displayed on the website, the number should be much higher. Especially since they operate for almost a year, according to their domain age. Anyway, most of the company’s traders come from:
- Turkiye
- Cyprus
- Canada
- United States
- United Kingdom
You will realize that some of the countries match the restricted ones, but all of these have rigorous regulations. Obviously, this brokerage doesn’t seem to care. Therefore, we suggest you withdraw your funds as soon as possible. If an issue comes up, contact our refund team for advice.
Traders Reviews
Generally, the biggest issue with the High Rise Market broker is a lack of regulations, as can be seen from the company’s reviews. Consequently, it doesn’t matter what tools or assets the company provides. After all, if you can’t get your profits out, what’s the point of it?
If you have some more detailed experience, leave a comment below. Also, don’t hesitate to contact us as soon as you experience withdrawal issues.
Leverage, Commissions, Spreads, Fees and Taxes
Even though the leverage is not revealed on the company’s website, traders expose their highly dangerous offer of 1:500. Without negative balance protection, that can cause you to lose everything in a matter of seconds.
Nevertheless, if you don’t lose money that way, no worries. There are undeclared fees and commissions waiting for you around the corner. At least the starting spread from 1.2 pips is known. But you better don’t believe it’s that low.
Bonuses
Surprisingly, there are no bonus deals to attract traders to use the High Rise Market app. This is quite refreshing, knowing that this is a common trick among offshore brokerages. But to learn some other tricks, we recommend you check our TradeBetta review as well.
High Rise Market Trading Features
According to the company, their award-winning platform is far easier to use than Meta Trader 5. But without those awards being transparently presented, we highly doubt.
Anyway, the company’s main advertised features are related to trading signals. Most likely, fake ones.
Trading Platforms Available
After you complete the High Rise Market login procedure, don’t be surprised if you don’t see MT5 available. We tried creating an account, but the page is not secure in the first place.
We tried getting through anyway, and the page was not found. So, it shows you they only gain new customers via referrals or shady ad campaigns on social networks.
Available Trading Assets
Generally, all the assets the High Rise Market Forex broker offers should be your last concern. In the end, withdrawing profits is the key thing that matters here. Especially because their offer can be found with any top-tier licensed firm. It consists of:
- Forex – USD/EUR, EUR/SEK
- Commodities – natural gas, platinum
- Shares – Airbus, Boeing
- Indices – CAC40, ASX200
- Cryptos – ETH, DOT
Account Types
One key problem with this brokerage is that the minimum deposit requirement is not disclosed. However, the average amount unregulated companies look for is $250. But when you know tier-1 licensed firms allow you to start with $10, why would you make that move?
Anyway, there are three account types available:
- Standart – 1.2 pips starting spread
- Gold – 0.8 pips starting spread
- VIP – 0.6 pips starting spread
Mobile Trading App
If the High Rise Market MT5 platform was truly available, the company would offer download options for mobile apps. Yet, iOS and Android app download links don’t exist on their website, which is not even surprising at this point. Anyway, to find out more about untrusted apps, read our ZBTCEX review.
Demo Account
Another huge disadvantage of this trading company is a lack of a demo account. Even though they have it, the situation is the same as for the registration. The page is unsafe and it leads you to an error page. But if the High Rise Market regulation existed, this wouldn’t be possible.
Education
Generally, the company’s education program is absolutely meaningless. They only provide an economic calendar and knowledge base with few answers about trading overall. In reality, nothing useful in real trading.
High Rise Market Withdrawal
Another suspicious thing is the High Rise Market withdrawal procedure. Generally, USD withdrawals are processed within 24 hours, while all other withdrawals take up to 2 business days to be processed.
On top of that, the company charges a $30 withdrawal fee for amounts lower than $1.000 (or 16 EUR for lower than 800 EUR). But you can only imagine the rip-off during withdrawal if they charge 5% for card deposits.
Customer Support
In general, the customer support doesn’t sound promising either. Yet, there are at least a few contact options. Those are e-mail, North Macedonian phone number, and WhatsApp. However, working hours are not disclosed.
Key Information To Consider About High Rise Market
Since the company is registered offshore and has no regulations, you can only expect problems. Starting with trading costs, platform manipulation, and withdrawal issues. At first glance of an issue, you should report it to local regulators.
On the other hand, if you want to immediately get your money back from this broker, contact us. Our refund specialists offer the first refund consultation completely free, where you can find out all the necessary steps to get the money back. Book yours now.
FAQ Section
What is High Rise Market?
High Rise Market is an offshore brokerage registered in Saint Vincent and Grenadines but also with offices in Azerbaijan and North Macedonia.
Is High Rise Market Legit?
No. The company is not licensed by any trusted authority. Especially not by the FCA and CFTC even though they provide services in the UK and the US.
How to Get Money Back From a Scam Broker?
In the ideal case, you can apply for a chargeback. But if that’s not an option, you can use alternative methods. For more detailed information, contact our refund experts.
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