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Thinking about investing with HighBTCstock? You might want to reconsider.
This review takes a closer look at what HighBTCstock offers, what customers are saying, and some serious red flags you should be aware of.
Let’s break down why putting your money here could be a bad idea.
Key Points
- Warnings from Regulatory Bodies
- Missing Regulation
- Unverified Company Claims
- Anonymous Ownership
- Customer Complaints
- Aggressive Marketing Tactics
HighBTCstock Overview
HighBTCstock is a bit of a mystery. There’s no information available about the CEO, founders, or even the company itself.
- Website: www.highbtcstock.com
- Address: 20 Canada Square, London E14 5NN, United Kingdom
- Phone: +44 20 3846 5534
- Regulation: Not Regulated
Is HighBTCstock a Licensed Broker?
In short, no, highBTCstock is not a licensed broker, they claim their regulation is “on the way,” a common tactic used by scammers to appear trustworthy and attract new investors.
Don’t fall for it.
Status of Regulation
They claim:
“We are a registered entity, which indicates our commitment to our business. We have undergone a rigorous registration process and provide our services through a legal and registered entity.”
But where’s the proof?
There are no documents or company names in their terms or privacy policy.
This level of secrecy is a huge red flag since trustworthy brokers usually highlight their leadership to build trust.
HighBTCstock says:
“We are proactively following all the necessary procedures to ensure that we earn the regulated status and offer our traders with the first point of trust as soon as they land on the website. However, we believe the process can take some time to complete.”
But don’t hold your breath.
Regulatory bodies like the CNMV in Spain have already issued warnings about HighBTCstock, stating they are not authorized to provide any investment services.
Here are four warnings issued by various regulators:
- Financial Conduct Authority (FCA) Warning
- Financial Services and Markets Authority (FSMA) Warning
- Italian Companies and Exchange Commission (CONSOB) Warning
- National Securities Market Commission (CNMV) Warning
Additionally, HighBTCstock lists a UK address, meaning they should have a license from the Financial Conduct Authority (FCA) to legally offer trading services in the UK.
HighBTCstock Trading Offers
HighBTCstock is an online CFD broker that offers trading through a web-based platform.
However, potential traders can’t create an account without a referral code, which is quite odd and raises concerns.
Trading Assets
- Currency
- Stocks
- Indices
- Cryptocurrencies
- Commodities
HighBTCstock Leverage & Spreads
HighBTCstock claims to offer tight spreads, but they provide little information about these spreads.
The maximum leverage is up to 200:1, which is above the regulatory limit in the UK (30:1), indicating non-compliance with FCA regulations.
Deposit & Withdrawal Options
- Bank Wire Transfer
- Credit or Debit Card
- Internet Transfer
- Crypto Wallet Transfer
Education
HighBTCstock provides trading education through various materials such as:
- eBooks
- Videos
- Webinars
- One-on-one sessions with industry experts
Account Types
Here’s a breakdown of the different accounts available at HighBTCstock:
Bronze
- Market Reviews
- Trading E-Book
- Webinar Access
- Social Trading
Silver
- Market Reviews
- Trading E-Book
- Webinar Access
- Social Trading
- VOD: Advanced
Gold
- Market Reviews
- Trading E-Book
- Webinar Access
- Social Trading
- VOD: Advanced
- 1 Risk-Free Trade
- Personal Assistant
Platinum
- Market Reviews
- Trading E-Book
- Webinar Access
- Social Trading
- VOD: Advanced
- 1 Risk-Free Trade
- Personal Assistant
- Customized Account
Diamond, Premium, and VIP
- Market Reviews
- Trading E-Book
- Webinar Access
- Social Trading
- VOD: Advanced
- 1 Risk-Free Trade
- Personal Assistant
- Custom Account
- Access to Trading Room
- Trade Specialist
- Exclusive Updates
Islamic Account
- Market Reviews
- Trading E-Book
- Webinar Access
- Spreads: Regular
Account Comparison
| FEATURES | BRONZE | SILVER | GOLD | PLATINUM | DIAMOND+ |
|---|---|---|---|---|---|
| Amount | €10,000 | €25,000 | €50,000 | €100,000 | €250,000+ |
| Market Reviews | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Trading E-Book | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Webinar Access | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| Social Trading | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| VOD: Advanced | ❌ | ✔️ | ✔️ | ✔️ | ✔️ |
| 1 Risk-Free Trade | ❌ | ❌ | ✔️ | ✔️ | ✔️ |
| Personal Assistant | ❌ | ❌ | ✔️ | ✔️ | ✔️ |
| Custom Account | ❌ | ❌ | ❌ | ✔️ | ✔️ |
| Access Trading Room | ❌ | ❌ | ❌ | ✔️ | ✔️ |
| Trade Specialist | ❌ | ❌ | ❌ | ❌ | ✔️ |
| Exclusive Updates | ❌ | ❌ | ❌ | ❌ | ✔️ |
Customer Reviews
Check out TrustPilot, and you’ll see the same story: HighBTCstock is called a scam.
Traders mention that after depositing money, they are constantly pushed to invest more but when they try to withdraw, they get no reply or are asked to deposit more to be able to withdraw.
This tactic has been around for years and is quite effective in deceiving people.
Copycat Websites
HighBTCstock isn’t just a standalone scam; it appears to be a copy of other notorious scam and blacklisted brokers such as:
These websites share similar designs, content, and fraudulent tactics, suggesting they might be operated by the same group of scammers.
Final Reflections
Here’s the deal: HighBTCstock is a fraudulent CFD broker, they lack regulation, have mysterious owners, and there are many unhappy customers.
With all these warning signs, it’s clear that this platform is not to be trusted.
So, before you jump in, take my advice and stay far away. Your wallet will thank you later!
FAQs
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Is HighBTCstock regulated?
No, HighBTCstock operates without proper regulatory oversight, which puts clients at significant risk.
-
Can I withdraw my funds easily from HighBTCstock?
Many users report difficulties and delays in withdrawing funds from HighBTCstock, with some unable to access their money at all.
-
What are the account types offered by HighBTCstock?
HighBTCstock offers various account types, but users often find that the benefits promised are not delivered.
-
Is the HighBTCstock trading platform reliable?
No, the trading platform has frequent issues and lacks robust security measures.
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Are there any positive reviews of HighBTCstock?
Positive reviews are rare, with the majority of feedback being negative due to issues with withdrawals, customer service, and transparency.
