Scam brokers are found in a majority of the countries where trading companies are found in abundance. They often lure in the customers pretending to be a registered company and then steal their money. This act of theirs may especially prove to be harmful to the people who are new to the field of trading, often landing them in debt traps and such. HQ Broker is yet another broker company that we are going to review today in order to help you all to invest your money safely and get profitable returns. The brainchild of Capzone ltd., we observed that there are many bad reviews about this trading company. Read the full HQ Broker review here. Not having a license from any regulatory authority is one of the main lines that are common in all the reviews. We strictly recommend you not to invest money with any company that does not have a license. The company claims to have its base of operations in Hong Kong. This is another prominent feature of a scam broker; they provide fake addresses to make their company look more convincing and thus attracting more customers.
About HQ Broker:
HQ Broker is an ECN/STP type of broker who has very cleverly planted this fake company in order to rob the customers. They trade in CFDs, metal, gold, oil, stocks, commodities, and indices. The languages they operate in are French, Russian, English, Italian, and Portuguese Their website seems pretty user friendly and claims to have an easy user interface. HQ Broker offers 5 varieties of accounts for their “valuable” customers, namely, starter, silver, golden, platinum, and investor. The minimum initial deposits for these accounts range from 250 USD to 100000 USD. This company claims to accept e payments, credit cards, and bank wire.
HQ Broker, like every other scam broker, operates by calling people and convincing them to deposit money with their company. They then convince you that everything is going well and also offer 100% bonuses in order to coax you into depositing more money. The terms and conditions that they tell the customers on call should not be trusted as they will go to any extent for you to deposit money. The problem starts appearing when you file for withdrawal. The first few withdrawals or transfers to your bank may go well but after that when you deposit more money and ask for a full withdrawal, that’s when the red flag arises. They will stop picking up calls and may also close your account without prior notification. The company also states that it won’t be refunding anyone which is yet another red flag as licensed companies have to give a certain amount as a refund in case of any problem like bankruptcy. One should always do proper research before trusting a company with their money.
Is HQ brokers a scam or legit?
HQ Brokers is an unregulated authority and we strictly recommend you to not trade with this company. the Scam brokers will always convince you to deposit money over a phone call without giving you any proof of their credibility or even existence. Be aware and do your research thoroughly before trusting anyone else with your money. Follow us to be updated with all the scam brokers.