How to recover your investment from HQBroker – Scam Broker Review
Be on the Lookout; HQBroker is an offshore broker; Your investment is at risk. Read this review you want to recover your investment from HQBroker.
Is HQBroker a legit broker and how to recover your investment?
HQBroker is an unregulated offshore broker that offers services such as forex, CFD and or binary options trading. The broker is registered in a fiscal haven that lacks the intervention of any investment regulatory process. This means that taking legal action against this forex broker is next to impossible. Read this review to recover your investment from HQBroker.
HQBroker broker relies on a number of tricks to reach to their prospects and make them believe that the money they are investing with them is in safe hands and will generate humongous returns. Such tricks include the use of the state of the art websites and apps, with all sorts of attractive trading conditions followed by well-spoken staff and very efficient customer support after signup. This is all smoke and mirrors.
As far as this kind of scheme goes, the HQBroker staff could very well be operating as part of a network of anonymous call centers in undisclosed locations. They could outright lie to you about their location and even their names. In typical investment scams, the staff uses stage names when communicating with the clients to add a layer of anonymity. Using excellent sales skills paired with manipulative psychology techniques, the staff involved in these sophisticated scams will prompt the victims to invest always more money, often beyond what they had planned in an attempt to avoid losing it all. This type of scam is now widespread and used to defraud unsuspecting victims billions of dollars annually.
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HQBroker broker Reviews
A look into HQBroker Reviews on various internet forums will reveal that HQBroker clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding HQBroker have been drawn from various sources, it reveals a similar challenge. HQBroker entices clients into this scam through interesting profits posted to their clients’ trading accounts.
The company even goes to the extent of transferring some of the money back to the clients. Once the clients’ trust is gained, they are prompted to invest more money for much better returns. Once the client has transferred the money, the problems begin.
HQBroker broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by HQBroker Financial Analysts to transfer more money into their accounts to reduce the losses they are facing, often to avoid losing their investments altogether. Immediately after they do this, withdrawing the funds becomes an issue.
How To Recover Your Investment From HQBroker Broker?
There is no easy way to recover your investment once you have sent it to HQBroker. HQBroker is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. HQBroker constitutes a brokers brand that is managed by a chain of shell companies registered in fiscal havens. Building a legal case against the broker would require one to utilize the services of a private investigator to track the money trails and trace it to individuals who could testify of the fraudulent practices of the broker. This does not even factor in the huge legal costs that would be required to institute a civil action in such offshore locations. Such prohibitive costs make it hard for customers of HQBroker to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from HQBroker, without going the civil action route. A number of HQBroker victims have managed to recover their investment by maneuvering the banking legal system. While this method might be unknown to many people, it is possible for an individual to get his or her bank to reverse credit card charges and bank wire transactions in his or her favor. While this is possible, the route has a lot of rules and regulations around such a procedure and it would be wise to hire an expert if you want to recover your money from HQBroker broker.
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More reasons why you shouldn’t trust HQBroker
HQBroker brand is operated by Hokkaido Investments Sp. z o.o. – a company registered and headquartered in Warsaw, Poland (and not licensed there). However, according to the information in the HQBroker’s terms and conditions, another company acts as a principal broker for the Hokkaido Investments Sp. z o.o. – Capzone Invest Ltd., incorporated on the Marshall Islands.
The thing about offshore companies with flimsy regulation, if they have any at all, are extremely risky to deal with, no matter what they tell you. The Marshall Islands, Saint Vincent and the Grenadines, the Seychelles or other sunny places with nice beaches, low taxes and lax business requirements, more often than not attract fraudulent companies looking to make a quick buck and make off with their clients’ money.
This is a warning issued by the FCA
Address: 7/F, Low Block, Grand Millennium Plaza, 181 Queen’s Road Central, Hong Kong
Phone: 85258084980 02034932950 02034502729 02039951037 02037578469 02036673128 02034231314 02035445254 02038683186 02037534325 02037595697 02035548924 02031152145 02038798311 02031152145 02034149532 02035042637 02037279087 02070707700 02032162569
Securities and Futures Commission (SFC) Remarks:
The company gives the above Hong Kong address but it is not located there. It uses a bank account in Hong Kong in the name of NetPay Limited for settlements.