When hcinvestgroup comes to trading, it is essential to choose a reliable and trustworthy broker. Unfortunately, there are many fraudulent brokers that exist in the market, and it’s essential to conduct proper research before investing your money with them. In this review, we will take a closer look at hcinvestgroup.ch, a broker that has raised red flags in the industry, and analyze the reasons behind the warning signs.
Company Overview:
Hcinvestgroup.ch is a forex broker based in Switzerland. The broker claims to provide its clients with exceptional trading conditions and an excellent trading experience. Let’s take a closer look at the broker’s profile:
Broker Name | HC Invest Group |
Location | Switzerland |
Contact Address | Avenue du Clos d’Aubonne 15, 1814 La Tout-de-Peilz |
Team | No information is provided on the website |
Service or Products | Forex Trading |
Trading Platforms | MT4 |
Team
There was no information provided regarding their team members or their qualifications. It is very important to know the qualifications of the team members, founding members, and executive committee of any trading company. But they failed to provide this information.
Service or products
This trader offers a forex trading opportunity for its traders. Though it is clear about their trading pairs, profit margins, and other policies. They require to open an account to know the details.
Trading platform
They offer an MT4 platform for their traders. But, there is no option for a demo account. To see the dashboard, you will require to open an account with credit card details. Then they will show you the dashboard.
License and Regulations
Before trading with any broker, it is crucial to verify its license and regulations. It ensures that the broker is regulated by a competent authority and operates within the law. In the case of hcinvestgroup.ch, the website claims to be licensed and regulated by the Swiss Financial Market Supervisory Authority (FINMA).
License Status
After conducting thorough research, we found that hcinvestgroup.ch is not authorized or licensed by FINMA. The broker’s website displays false information, misleading its clients.
Regulation Status
The broker is unregulated, which is a massive red flag. Unregulated brokers do not follow any laws or regulations, and in case of any fraudulent activity, the traders have no legal recourse.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is a massive risk as it increases the chances of fraud and loss of funds. Unregulated brokers can disappear with your money at any time as they are not accountable to any authority. These brokers may also engage in unethical practices such as price manipulation, stop-loss hunting, and other such malpractices. In case of any issues, traders have no legal recourse, and the chances of recovering their money are minimal.
Legal Warnings Against http://www.hcinvestgroup.ch/:
There are several warnings against hcinvestgroup.ch by regulatory authorities such as the French Financial Markets Authority (AMF) and the Italian Securities and Exchange Commission (CONSOB). These authorities have issued public warnings, stating that hcinvestgroup.ch is an unlicensed and unregulated broker and advising traders to avoid trading with them.
Client Feedback About http://www.hcinvestgroup.ch/
After conducting extensive research, we found that the majority of client feedback about hcinvestgroup.ch is negative. Many clients have reported issues such as difficulty in withdrawing their funds, lack of customer support, and even account closures without prior notice.
About Trading
Clients have reported that the broker engages in unethical trading practices, such as stop-loss hunting, slippage, and price manipulation. These practices lead to significant losses for traders.
About Customer Service
Many clients have reported that the customer support team is unresponsive and does not address their issues. This lack of communication further adds to the frustration of clients.
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by hcinvestgroup.ch or any other broker, it is crucial to seek help immediately. FXfarmupdate is a platform that provides assistance to traders who have been scammed by brokers. You need to submit your case to us and we will provide you with a free consultation and service recommendations to help you in fund recovery.
Final Thought
hcinvestgroup.ch is an unregulated and unlicensed broker that poses a significant risk to traders. The broker has made false claims about its license and regulation status, which is a clear indication of fraudulent behavior. The regulatory warnings and negative client feedback further confirm the broker’s lack of credibility. When it comes to trading, it is crucial to choose a reliable and trustworthy broker.
