Table of Content
HighTrustCapital Review – Learn More About This Scam Broker
Table of Content
What will you do when you face an anonymous broker from who knows where asking you for your earnest trust? You’ll get by with a little help from the HighTrustCapital Review. Yup, if you had doubts about this dubious provider, that’s completely justified. It’s up to us to explain to you why.
This review is full of scrutiny and rightfully so because con artists like this one deserve to be bashed. Learn more about the bad trading conditions, terrible trading platforms, shady payment policy, and problematic legal background of HighTrustCapital.
|Regulation||Unregulated Scam Broker|
|Broker Type||Forex, Crypto, Stocks|
Are You Safe at HighTrustCapital? Regulation and Security
Not at all, our dear trader. Your funds are anything but secure. The reasons are simple – first and foremost, HighTrustCapital is completely anonymous. We failed to find an official address or phone number. All the website mentions is some company called Moon Media LLC as the owner. However, while this entity exists, it has absolutely nothing to do with our fraudster.
Secondly, without knowing where the provider is based, we don’t know under which jurisdiction it operates, i. e. does it adhere to strict rules regarding the financial market? By that, we mean regulations imposed by Tier 1 authorities such as the FCA, ASIC, BaFin, etc.
For example, for a broker to operate and obtain a license from the FCA, it has to boast a minimum operating capital of GBP 730,000. Also, clients have to receive negative balance protection, a segregated account and indemnification of GBP 85,000 in case anything goes wrong with the broker.
Do you really think a shady scammer like HighTrustCapital offers these conditions? Of course not. That’s why you have to find a credible and licensed broker to start your trading journey.
Trading Platform Overview
All this talk about a world-class platform with cutting-edge features and futuristic options and yet, HighTrustCapital failed to deliver. Nothing to trust here, folks. Due to the marvelous description and advertisement, we thought we’d get a renowned trading platform such as Meta Trader 4, Meta Trader 5 or even cTrader.
Unsurprisingly, that was not the case because all we got was a simple browser-based platform better known as WebTrader. Yup, if you’ve already heard about this platform, you know it’s very limited and cheap-looking. Such unpolished software can only do service to complete novices. It lacks the tools that brought MT4 and MT5 all their glory.
Moreover, the platform is most likely rigged to show fake trading parameters. That’s right, scammers can easily create the illusion of trading and simply take all your money because all you can do is make a deposit. Those funds aren’t being used for trading, unfortunately. Therefore, stay away from shady providers without a real license.
Account Types Available
We guess not. On the scam broker’s website, there is no information about different account types. To make matters worse, there isn’t even a demo account option. That’s how you know for certain that you’re dealing with an outrageous financial swindler, interested only in defrauding you. Any legitimate broker will include a demo account to give you a glimpse of its offer.
Since account types weren’t included, we also don’t know anything about the prices, i. e. the minimum deposit requirements and other perks. Trading conditions such as leverage and spreads were also a mystery. We had to investigate the trading platform.
There, we found that the leverage was fixed at 1:33. Quite an odd number but really close to the legal cap of 1:30 for retail clients imposed by UK and European regulators. As for spreads, we were treated with 2.6 pips, which is not competitive at all. It’s simply too wide to be profitable. Thus, trading parameters are out the window. The red flags just keep piling up, we suppose.
Trading Instruments Offered
Same thing here. High(dis)TrustCapital was lazy enough to list the available trading instruments. Allegedly, clients are offered to trade Forex currency pairs, cryptocurrencies (Bitcoin & Ethereum) and stocks.
As you can see, no commodities and no indices. Pretty unsophisticated if you ask us. Add to that the fact that the trading conditions aren’t great and you got a reason to walk away.
HighTrustCapital Deposits/Withdrawals Methods
As for the payment methods, HighTrustCapital listed only the traditional ones – credit cards and wire transfers. Contemporary methods such as e-wallets and cryptocurrencies were not included. However, the unscrupulous broker was pretty vague when it came to the whole payment policy in general.
We know nothing about the minimum deposit. It seems that the scammer first establishes contact with an unsuspecting victim and then tries to squeeze out as much loot as possible. It’s the sad reality of how these financial swindlers operate.
How Can I Get My Money Back If HighTrustCapital Scammed Me?
Credit card transactions can be reversed via chargeback. This procedure can be requested at the issuing bank within 540 days. However, if you’ve provided the scammer with copies of your ID card, passport or driver’s license, the chargeback will be impossible.
As for wire transfers, it’s really important to act quickly. Simply because the reversal process – the recall, will work only if the transaction is not yet completed.
If you have been contacted by HighTrustCapital, be sure to report the fraudulent broker. We can help you out with that.
- HighTrustCapital is an anonymous and fraudulent provider;
- The broker is undoubtedly unregulated;
- All that was stated on the bogus website is completely fake;
- The “world-class” trading platform is actually a basic WebTrader;
- Trading conditions and the minimum deposit were not disclosed.
FAQs About HighTrustCapital Broker
Is HighTrustCapital a Reliable Broker?
HighTrustCapital is not reliable at all since the broker is anonymous and unregulated.
How Long Does It Take To Withdraw From HighTrustCapital?
According to the fraudster’s website, up to seven business days, but the broker is not to be trusted.
What Is The Minimum Deposit For HighTrustCapital?
We don’t know because HighTrustCapital did not mention it. Major red flag.