Table of Content
HubKoin Review – Find Out What This Broker Can Offer
Table of Content
As a Canadian-based crypto broker, they lack some transparency. Even though company owner is visible and they present themselves as trusted, this is not the reality. Once you dig deeper into their business methods you realize how many flaws this broker has. Since 2021 Hubkoin broker is operating in cryptocurrency markets.
|Regulated by:||No regulations|
|Operating Status:||Active Crypto trading scam|
|Blacklisted as a Scam by:||OSC, FI, CMVM|
|Broker Owner:||Pink Piggy Investment Group Inc.|
|Online Trading Platforms:||Web trader|
|Crypto Asset Trading:||Yes – BTC, BNB, XRM|
|CFD Trading Option:||Yes, CFDs are available|
|Available Trading Instruments:||Cryptocurrencies|
|Free Demo Account:||Not available|
|Accepts US clients:||Yes, US traders are accepted|
But if the business they are running is legitimate read in this detailed Hubkoin review.
How Are You Protected at HubKoin? Broker Regulation
There is no better protection in the trading world than regulations. No matter what a scam broker is promising, that might be true. But mostly it’s not because nobody monitors their activities. That’s why especially Tier 1 regulations are crucial. Important to realize is that the HubKoin scam broker doesn’t have any.
Even though they present themselves as FINTRAC member, this means nothing if you get a warning. Like this scam broker did from OSC, FI and CMVM. These financial institutions from different countries exposed their investment scam. Now it’s up to you if you will trust your money here or not. Take a look.
Besides their false statements about regulation, you can’t find any fund protection features on their website. You can forget about segregated bank accounts and compensation funds. Their only goal is to make you deposit as much money as possible into your crypto wallet.
Available Trading Software at HubKoin
Another key point is trading software. If you take a look at any regulated broker they use only trusted software. Such as cTrader or Meta Trader. Here only proprietary web trader is available. Since this broker allows CFD crypto trading this plays an important fact.
Thus, with web trader you can’t use some advanced features. For example, advanced EAs or social trading tools. Not to mention automated trading which is available even with some regulated brokers. But you can’t even check all these things with the HubKoin scam broker. Simply because you must complete full registration before getting access to the account.
So, if you were looking for a safe option to invest in crypto this is not the right place. Instead, you can find a Tier 1 licensed trading company that will provide you with the necessary tools to be successful. But even more importantly safe while trading.
Account Types Offered by HubKoin
HubKoin broker scam works differently than many others. They don’t have a standard account type offer. For instance, one divided based on your deposit. But here they will persuade you to deposit as much as you can. But also as early as you can. However, the benefits that you get in return are non-existent. Simply because this broker doesn’t allow you to make a withdrawal.
Above all, with HubKoin scam broker you can’t have a demo account. They are primarily a crypto exchange, but one without credibility. Luckily HubKoin broker reviews revealed their fraudulent activities. So, the only way to test them out is by depositing money. But after all warnings from regulators, that’s not a wise move.
After all, not even a minimum deposit requirement is provided by this broker. So, everything is eligible for adaptation after your registration. Which is a common situation among swindler brokers.
What Market Instrument Can Be Traded at HubKoin?
As for the trading instruments, this broker offers only cryptocurrencies. Therefore, traders with fundamental knowledge don’t have favorable options here. Instead of wide instruments range, you can only trade volatile cryptos. Also with leverage of 1:125. But with their volatility, your account balance can disappear in a blink of an eye.
After all, spreads on CFD cryptos are not revealed. but also fees for purchasing cryptos are not transparent. In general, every aspect of this broker’s offer is questionable. Instead of risking anything you should rather go with a licensed broker. Consequently, avoid headaches.
Deposit and Withdrawal Process
The broker doesn’t reveal transparently any funding methods. Most probably you are purchasing cryptos through:
- Debit/Credit card
- Wire transfers
The good thing about card purchases is that traders can get a chargeback. Of course, if the broker scams them for any reason. Since this crypto scam broker doesn’t have a transparent withdrawal policy, that is highly possible. But also as many other traders reported in HubKOin reviews, that’s the most probable case.
Instead of risking your money with this illicit exchange, you can trade the same assets somewhere else. With any Tier 1 regulated broker, you can get better trading conditions. But more importantly, more fund security features.
How Do I Get My Money Back If HubKoin Scams Me?
Don’t feel ashamed if this swindler got you tricked. It can happen to anyone. After reading our HubKoin review you understand what to look for and how to avoid mistakes. Still, there is one important thing to cover. Recovery of your lost funds.
Since this is a crypto exchange, most likely you were using a card or a wallet to transfer funds. Either way with our expert team you have a solution to recover the funds. With card purchases, you can use a chargeback. Which is a very powerful tool.
On the other hand, crypto transactions are hardly traceable. But not with our CipherTrace software that is successfully luring crypto transfers. Nevertheless, for both cases, we are available for a meeting. Book your first consultation already today. Moreover, the first consultation is completely free.
- Unregulated Canadian crypto exchange.
- HubKoin has multiple warnings against them.
- Non-trusted trading software.
- Non-transparent company information.
- They offer banned leveraged trading.
FAQs About HubKoin Broker:
Is My Money Safe with HubKoin?
No. They are not regulated. Also, there are multiple warnings against them.
How Long Does it Take to Withdraw From HubKoin?
This information is not disclosed. Primarily due to the lack of any withdrawal policy.
What Are The Funding Methods For HubKoin?
Another mystery about this broker is their funding methods. It’s not available on their website.