High BTC Stock positions itself as a certified trading platform. The company also claims that it is registered in the UK, and it states the address of its office in London. In spite of this, there is no confirmation of the broker’s registration on the official website. In addition, it does not disclose the date of creation of the project and talks about its “many years of experience”. As for the domain, it was registered only in July 2023. It’s worth noting that the platform’s Terms of Use states that the materials on this website are licensed under a Creative Commons Attribution International License. However, the firm is not regulated in any jurisdiction and does not have a mandatory UK brokerage license, which it promises to place in the footer of every page of the website. Finally, the interface supports 8 languages, including Spanish and Korean.
Can you safely invest your funds in this service? How profitable is trading on this platform? We will analyze the technical and legal aspects of this brokerage company and provide you with our competent opinion about it.
Trading Conditions
High BTC Stock offers CFD trading to clients, promising fast trade execution and competitive rates. After registering, you will receive tighter spreads, which contribute to a higher return on your investment in this project. Trading online on this platform is attractive to traders for the following reasons:
- There is no need to download software. Access is directly through the website.
- Web trading is compatible with all types of operating systems and devices, including cell phones.
- Manual updates are eliminated as the platform is updated automatically in real time.
- The basic trading account assumes a minimum deposit of 250 dollars to start the client’s work on the terminal.
The trading service offers users 7 types of tariff plans structured by the minimum investment amount. You can open a personal account with suitable trading conditions with a deposit size ranging from 10,000 euros to 1,000,000 euros. In addition, an Islamic account with social trading and regular spreads is available to you. After selecting the account type, you need to register and provide the firm with your personal information.
The broker states that it may share customers’ personal data with any third parties, including information about EU citizens. You must submit an application to High BTC Stock to prohibit such action. However, if you have provided personal data before the time of your application, or you are not an EU citizen, then the ban on such transfer of information does not apply.
A minimum deposit of $250 is only possible if you use a bank card to make the deposit. The broker will require you to deposit a larger initial amount if you pay by another payment method. You will be awarded bonuses according to the loyalty program, which depends on your account status. However, you will have to trade with a certain amount of funds before you can withdraw the prize money and its equivalent deposit amount.
There’s also a High BTC Stock blog on the site, but it was empty at the time of our research. For analytics, there is a ticker for the TradingView platform. Beginners will be provided with educational materials such as videos and e-books. Clients can participate in customized training sessions with experts and joint webinars.
1 - The first deposit of $300 + tradable bonus (which is involved in the transaction) in the amount of $150 - all this was lost by me.
2 - The second and third deposit was similar.
3 - At the third deposit (300$ + 150$ ), already after my successful trading, I received 750 $ on my account. According to the conditions of the bonus program (if I refuse the bonus), I can withdraw 300$ of my money and 300$ of my earnings. Broker takes back 150$, as I have not traded them.
!!! BUT HERE IS WHERE THE MOST INTERESTING THING STARTS !!!!
4 - The manager of this company said that I can not withdraw in !!!! FULL !!! volume of my earned 300$, because I have two more unearned bonuses for !!!! FIRST TWO FULL !!! in the amount of 300$ dollars. That is, in fact, my profit of $ 300$ dollars is their money?!!!. Although in the terms of the program, it is clearly written that everything that you earned above your deposit funds (excluding the bonus) is withdrawn by you in full.
5 - I asked tech support to show the clause in the terms of the promotion, according to which bonuses are summarized and in subsequent replenishments are withheld when withdrawing funds (if not traded). There is no such clause :((
So it turns out that if you took a bonus, you automatically get into the debtors in the next replenishments if you do not trade them away!