HighBTCStock Review – All Talk And Zero Trustworthiness

A platform allegedly dedicated to help you grow and improve as a trader should be properly regulated and supervised by financial authorities. In this case, this HighBTCStock review is talking about an outright scammer that blatantly lies about their legal status and licenses. 

The “perfect” trading conditions, how the fake platform describes their risky environment are not something you wish to define your trading potential and success. Keep reading to learn about the tricks these cheap fraudsters use and how to combat scam in case you’ve fallen victim to it.

Legal Issues

In the legal sense, this firm is nothing short of a fictitious entity with no registration or Forex license. The fake UK address is too general to be associated with a particular firm. 

Additionally, the main regulatory body in the country, FCA, has no information about this shady company. It could as well be a one-man-firm that only tries to appear legit online, but only consists of one fake online trading website.

Funds invested with this business are not protracted with the usage of segregated bank accounts. No compensation plans or risk-reduction strategies are employed, either. You should stay away from Met500 as well, since they also claim to be a reputable UK firm, but are nothing else but a fraudulent scheme in reality. 

Paid Reviews Skew Reputation

Visiting the firm’s TrustPilot page, you’d think that they are clean as a whistle. Almost all of the comments are positive, and sing praises about the quality of service.

So, how come there aren’t any testimonials on other sites like SiteJabber? Looking into the comments in more detail reveals that they were actually posted by review seller networks, and do not constitute genuine client opinions.

How The Scheme Functions

By searching through the WhoIs database, we found out the highbtcstock.com fraud was launched in July 2023. Most of the victims reside in these nations:

• Spain
• France
• Portugal
• Netherlands
• Italy

Instead of using any form of public advertising, faux companies like this or IS6 rely on boiler room agents to do the dirty work. They solicit the services of an unlicensed firm, often by phone, or online chat services. Seeing their reputation on ratings sites, some people eventually decide to invest.

Unfortunately, that’s where the problems start, as the investments are stolen by these swindlers. It’s still possible to recover the money, so get in touch with our legal team for more information.

Untransparent About Conditions

The trading terms explained on the website are quite vague. The promised leverage is up to 1:200, which breaches the UK regulatory standard of 1:30 maximum. 

Other than that, nothing else is known about the costs. None of the legal papers clarify these parameters. Although there’s a separate web page that should elaborate on this subject, only useless rubbish and weasel words are used to call these unknown trading conditions flexible and lucrative. No actual proof of their profitability exists. 

Disappointingly Bad Trading Features

Without first using the referral code to create an account, you won’t be able to access the majority of the features. That doesn’t matter much though, because all of these glorified options and tools are completely counterfeit and do not actually appear on the platform at all. The sign up requirement prevents you from even exploring the trading environment.

Questionable Web Software

Successful trading doesn’t rely on promises made by fake Forex dealers. Industry leading brokerage powerhouses make sure traders have access to the latest technological solutions. When it comes to the HighBTCStock platform, advertisements say it’s an advanced piece of software for a fully customized trading experience. 

However, reaching this miraculous terminal is impossible without an account that first requires an invitation code. In such circumstances, we may as well say that no platform is provided at all and it won’t make any difference.

No Listed Assets

Not only is the website not transparent enough in this sense, but we could not determine the available assets from the platform, either. Here’s what the site partially markets as tradeable asset groups:

• Forex (EUR/USD, USD/GBP, EUR/CHF, USD/JPY)
• CFDs (on stocks, commodities, indices and currencies)
• Crypto (BTC, ETH, and LTC)

Tiered Account Insanity

There’s a mind boggling amount of different HighBTCStock account tiers, with ever increasing costs.

What’s interesting is that the claimed benefits include “access to trading room” and “access to trading”, but only for accounts that already cost €250,000 and more! If this were true, the owners of cheaper accounts won’t be able to trade at all, even though they’ve invested a small fortune!

Here’s an overview of minimum deposits:

• Bronze – €10,000
• Silver – €25,000
• Gold – €50,000
• Platinum – €100,000
• Diamond – €250,000
• Premium – €500,000
• VIP – €1,000,000
• Islamic – on demand

Transfer Methods

Under the pretense of providing the safest and quickest monetary transactions, this cyber criminal allegedly supports following channels:

• Credit Cards
• Wire transfers
• Crypto
• E-wallets

Of course, the taxes, fees and potential trading volume requirements aren’t even remotely mentioned. All for the purpose of giving you an impression of the fastest and swiftest transactions in the world. A separate official document wasn’t uploaded, so you won’t have a chance to get a glimpse of truth that way either.

Unreachable Customer Support

It’s only possible to get in touch with this faux broker through a contact form on the website. You can also risk going back to the boiler room agent that got you into the mess in the first place, and waste your money.

Unfortunately, dealing with these unlawful entities means you forfeit any warranties, and that includes an honest customer support team.

Safety First!

Double checking your Forex dealer is always recommended – you never know what you may find or what records are stashed in the databases of the regulatory bodies. That’s why we always advise our audience to only invest with properly regulated brokerage brands with multiple licenses. 

If, by any chance, you were already tricked into depositing with this sham, please contact us immediately and before it’s too late. Our legal experts and recovery professionals can guide you through the process of taking your funds back. 

FAQ Section