HubTrader claims to be a global online broker that provides a superior cryptocurrency trading environment and access to more than 800 digital currencies. The broker along with cryptocurrencies also provides various other assets like indices, commodities, stocks, and fiat forex pairs, and trading is provided on a web-based platform with 0 spreads. Hubtrader broker is owned and operated by an offshore company called Five C LTD, this parent company is based offshores on the Marshall Islands. The problem with this broker is that it is based in an area that is known for the brokers that scam people.
The trading conditions provided by the broker are not fair and doesn’t benefit the traders in getting good returns. Hubtrader asks for a minimum deposit of 500 euros, which is twice as high as the usual amount required by most of the legit brokers. Hubtrader offers a leverage ratio of up to 1:400 with crypto pairs but has not mentioned what leverage ratio is offered for fiat currencies. Hubtrader has displayed the logos of various payment providers on its website, but in reality, it prefers only crypto payments with Bitcoins and Ethereum. The broker and its intentions don’t seem legit, hence we would not recommend this broker.
If you have traded with HubTrader and believe you have been scammed by them you have a chance to get your money back. Many unregulated brokers have been found to scam traders. At Broker complaint registry it’s our job to provide you detailed HubTrader review and make sure you can fight back and get your money refunded. By filling the form you have taken the first step to recover your money.
Is HubTrader a scam or legit broker?
HubTrader has been suspected as a scam broker. We don’t recommend to trade with them and if you are trading with HubTrader contact them immediately and try to get your fund out. If the HubTrader has done the following, you have probably a victim of HubTrader scam broker.
Reason to suspect a scam broker is in action:
The broker froze your account
The broker blocked your account
You cannot login back into your account
Money has been taken out from the account
The broker doesn’t take your calls
The broker shut down his website
You noticed the broker took money out from your bank account with out your permission
The broker is offering you a bonus
The broker is offering you to fund more money into the account after you lost a large sum
Don’t give up. You can fight back and get your money refunded. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process.