To kick things off, the HighTrustCapital Review will first state this – it’s high time people stopped trusting these fraudsters with their capital. With that being said, we can now proceed to end the career of this scam broker by debunking its lies and supporting our claims with valid arguments.
Right off the bat, this provider is unregulated and the information on its website is quite scarce. That’s not a good look but do you know what else is bad? Not mentioning an official address! The following section will deal with this fact as well as the broker’s unauthorized status.
What is more, we strongly advise you not to invest in The Liberty International, Profits Vision and ETF Corp fraudulent brokers.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||Moon Media LLC|
|Cryptocurrencies:||Yes – Bitcoin and Ethereum|
|Types of Assets:||Forex, Crypto, CFDs|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Does HighTrustCapital Have a License?
First off, HighTrustCapital failed to include an address, thus we don’t know under which jurisdiction it operates. Secondly, in the legal section, the fraudulent broker briefly mentions that it does business under Moon Media LLC, yet another mystery.
We’ve found at least two companies that go by that name and that’s just about it, no correlation with our scammer. No license here, folks.
Why Is Trading On a Licensed Broker’s Platform Preferable?
Since the broker’s website is completely anonymous – no address, no phone number, no nothing, it cannot be anything else but an outrageous investment scam. Although there aren’t any warnings issued against this newly-registered fraudster yet, you can be absolutely certain that it is unlicensed and dangerous.
We’ve checked the websites of Tier 1 regulators like the FCA, BaFin and the ASIC and found nothing. Make sure that your provider is registered with these authorities so that you can sleep soundly as a trader.
So Is HighTrustCapital a Decent Broker or a Scam?
HighTrustCapital is everything but a highly trusted trading firm. If you encounter this scam broker, ensure to report it!
What Trading Software Does HighTrustCapital Offer?
HighTrustCapital kept promising and promising a cutting-edge trading platform on its website and when it came time to deliver, it failed miserably, which should not come as a surprise. What we got was a simple web trader with very limited features and tools, a far cry from the all-powerful software advertised by the phony broker.
This is not something you would want from your provider, now is it? So, seek out those that can offer you the industry’s best software in Meta Trader 4 & 5. Also, licensed status is a must!
What Do We Know About HighTrustCapital Account Types and Trading Assets?
When it comes to account types, this is where the unscrupulous broker probably fell asleep since it wrote “Choose your account type” as a heading and abruptly ended it there. The section below it describes the trading assets and process.
HighTrustCapital claims to offer the possibility of trading in Forex currency pairs (i. g. EUR/USD), cryptocurrencies (Bitcoin and Ethereum) and numerous stocks. Irrelevant given its poor trading platform.
Trading Bonuses and Their Policy
HighTrustCapital wouldn’t be your good-old scammer had it not included a vexing bonus policy in the legal section. The broker went all in with this one clause – “The Company may change the terms of the Bonus at any time.” At any time?! So clients are constantly supposed to be on alert about the bonus nonsense?
The terms preceding this clause are there to ensure that victims are confused and not allowed to withdraw their money, thus securing the loot for the fraudster. Strict financial regulators did not ban bonuses out of boredom but to protect people from this trap.
HighTrustCapital – Countries Of Service
Since the illicit broker is completely anonymous, there is no information about to whom it provides services, i. e. from which country. However, here’s something interesting we’ve found – in the legal section, there’s this one statement that reads “transactions are automatically renewed every night at 22:00 GMT… Cyprus time.”
Our guess is that the entire, or at least parts, of the section were copied from some other provider. There’s no way that this fraudster operates in the highly-regulated state of Cyprus. It offers services mainly to the residents of:
Leverage, Spreads and Fees
For the benchmark EUR/USD major pair, the spreads start from 2.6 pips, which is as high as Mariah Carey’s singing, but unlike her vocal range, it won’t bring you profits. The leverage is fixed at 1:33. Oddly enough, it’s within the boundaries that prominent regulatory institutions impose (1:30 for the UK, EU and 1:50 for the US) for retail traders.
For fees, HighTrustCapital says it does not charge fees for credit card transfers while wire transfers have a €25-50 fee.
Also, remember the names of the Northern Bits, Olympus Brokers, and FutureProfit trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
What Is Known About HighTrustCapital’s Trading Conditions?
- As mentioned, the spreads are way too high for making profits;
- The leverage is surprisingly low considering we’re dealing with a scammer;
- This is unimportant due to the fact that the trading platform can be manipulated and you can lose all your money;
- The bonus policy will make it hard or even impossible to withdraw money.
Scammed by HighTrustCapital Broker? – Let Us Hear Your Story
If you’ve fallen victim to this scam, you probably feel bad. But, have no fear. We’re here to help you get your money back and we’ll start by telling you what to do. It’s simple, request a chargeback or a recall.
But What Is A Chargeback and A Recall?
- A chargeback is basically a refund of transactions made with credit and debit cards.
- The issuing bank can perform it within 540 days of the transaction.
- A recall is a reversal of a wire transfer.
- It can only be performed if the transaction hasn’t been completed.