The first thing we have to mention is that the company doesn’t reveal any legal information. At least not relevant information like ownership details, addresses, or contact details. Consequently, traders don’t know what authority they can reach in case something goes wrong.
To be fair, that’s the only thing inevitable with such non-transparent services. Anyway, reading this WestHillCapital review can help you avoid the company’s traps. But also, give you hints on recovering your money from this or any similar company.
| Regulated By: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | N/A |
| Operating Since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Even though the company presents us with a transparent withdrawal procedure, without regulations it’s hardly believable it will be completed. At first glance of an issue during the withdrawal process, contact us for advice and refund assistance. |
Legal Info: Is WestHillCapital Legit Or A Scam?
One thing is sure, any company without adequate licenses can be considered a scam. Even though this firm presents us with some interesting security measures can we trust those? Since the company is not listed as regulated in any top-tier database, like FCA, BaFin, ASIC, AMF, or similar, then no.
Consequently, the segregated bank accounts for deposits and negative balance protection could be highly questionable. To make sure you trade with a brokerage that truly has those features, you must find a tier-1 licensed firm.
Who Are WestHillCapital’s Victims?
The best way to find out who the key target of this company should be found in WestHillCapital reviews. Sadly, there are none. That’s quite surprising considering the company’s registration in 2023. Nevertheless, the right analytic tools can give you a hint about it as well. In this case, the potential target countries are:
- France
- Turkiye
- Tajikistan
Since there are no reivews, we invite you to share your experience in our comment section below. After all, if we recognize some of the scam patterns, you can get refund assistance from our specialist. Meanwhile, don’t miss out on our comprehensive GOPAX review.
Leverage, Commissions, Spreads, Fees and Taxes
One of the details that could expose WestHillCapital broker activities is the leverage. Thus, they are hiding it from the public. But if you keep in mind maximum allowed in most countries is 1:50, you should stay safe.
Other details missing are fees and commissions. So, you can expect a lot of manipulation around it. Nevertheless, with only spreads transparently presented you can see the experience will be quite expensive. Starting spreads for basic accounts are 3 pips while the industry average is 1.5 pips. Not to mention these low spreads are only applicable to a few assets.
Bonuses
The key trick scam brokers are using is a welcome bonus offer. To be eligible for a withdrawal after accepting the bonus, you must reach a minimum trading volume. In this case, 25 times the bonus amount plus the issued bonus.
However, if the company suspects any fraudulent activity, what an irony, they can revoke all bonuses and profits. But think about this. Who can tell what is generated with bonuses?
WestHillCapital Trading Features
As can be seen from the company’s presentation there are zero advanced trading features. The only notable option available after you deposit $50k is access to corporate transactions. But when you know the company operates without a license, can you trust these features exist?
Trading Platforms Available
WestHillCapital trading platform plays a significant role in scamming their victims. First of all, it’s a proprietary web-based platform that is eligible for manipulative activities. Secondly, the platform doesn’t include any advanced tools like EAs, or copy trading. So, you better stick to MetaTrader or any similar top-tier app.
Available Trading Assets
Another way to extort money from traders is through the instruments offer. At the beginner stage, you can access only a bit more than 50 instruments. Of course, to get access to more, you’ll have to deposit more. Fairly, not the best business model we have seen. In any case, you can expect options like:
- Forex – USD/JPY, AUD/NZD
- CFDs – natural gas, NASDAQ, Netflix
- Cryptos – ETH, DOT, XRM
Account Types
With the mysterious offer this company has, the minimum deposit requirement is surprisingly high. In any case, to open a WestHillCapital account you will need at least $250. All options are:
- Start – $250
- Classic – $5.000
- Professional – $20.000
- VIP – $50.000
Mobile Trading App
Without dedicated desktop apps traders can’t expect trusted iOS or Android apps either. Instead, they’ll have to satisfy themselves with web-trader potentially unoptimized for those devices. Not the most promising experience.
Demo Account
If the company wanted to operate legitimately it would have a transparent platform in the first place. But also, a demo account would be in play.
However, with their hidden conditions, we are not surprised there are no demo accounts in the offer. To understand why these options make a big difference, check our Terema Invest review as well.
Education
If you were expecting some top-notch education with this company you may forget it. They don’t offer any. Instead, you can use their analytics tools, if you know how to. Fairly, for education you should only stick to top-tier licensed firms.
WestHillCapital Withdrawal
As can be seen, the withdrawal procedure can be started once you complete the WestHillCapital login process and access the withdrawal area. If you ever traded with a top-tier firm you would know withdrawals can be processed within 24 hours. Yet, with this company takes up to 7 business days. On top of that, you will most likely have to pay a hefty WestHillCapital withdrawal fee.
Customer Support
Another sign you can’t trust this firm is zero transparency about contact options. With only e-mail and web forms available, you could be waiting for a response forever. Definitely not something you want to hear when your money is exposed to risk.
Key Information To Consider About WestHillCapital?
Practically, whatever you look at with this broker you can doubt its legitimacy. Starting with platform, conditions, fees, and overall legal existence. For that reason, we recommend you withdraw your money immediately.
In case any problem occurs and they require you to pay some fees, get in touch with us. Most likely the company will try extorting some more money before they shut down your account. Be ahead of them with our refund strategy. Book a free consultation today.
FAQ Section
What is WestHillCapital?
WestHillCapital is an anonymous brokerage offering FX and CFD trading services with zero transparency since 2023.
Is WestHillCapital Legit?
No. WestHillCapital firm is not regulated by any authority and especially not by FCA, BaFin, ASIC, or similar top-tier regulators.
How to Get Money Out of My WestHillCapital Account?
If you experience withdrawal issues, we recommend you apply for a refund immediately. For refund options, don’t hesitate to reach our specialists for a free consultation.
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