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HBCEC

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Operating status: SCAM

Website: https://highbitcapitalexpertcloudmining.com

Broker violations and abnormal records
  • 2024-06-11 BrokersView has reviewed that HBCEC is an unregulated broker

    According to its website, it claims to provide foreign exchange trading services and holds a UK company registration certificate with registration number 12355239, but has not published regulatory information for users to verify. Upon investigation, we found the corresponding registration number on the UK company page. The company name is NEXUS TRADE LTD, but it was cancelled on July 6, 2021. In addition, we searched Financial Conduct Authority (FCA) and found no matching information. Please do not deposit funds for trading.

    In essence, HBCEC is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    HBCEC appears to be a scam.

    According to its website, it claims to provide foreign exchange trading services and holds a UK company registration certificate with registration number 12355239, but has not published regulatory information for users to verify. Upon investigation, we found the corresponding registration number on the UK company page. The company name is NEXUS TRADE LTD, but it was cancelled on July 6, 2021. In addition, we searched Financial Conduct Authority (FCA) and found no matching information. Please do not deposit funds for trading.In essence, HBCEC is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.HBCEC appears to be a scam.

Related Complaints

Q&A

I would like to know HBCEC's licenses.

Lovepreet Lemghibchi
Panama
2024-06-12
ANSWER HBCEC has no licenses to operate as a broker.The website claims to have a UK registration number 12355239 as NEXUS TRADE LTD, a company that has already been dissolved in 2021, according to the records from the Companies House (CH). Despite claiming to be domiciled in the UK, our search in the Financial Conduct Authority (FCA) yielded no results. This means the broker is operating outside of the regulatory framework enforced by the FCA.Operating in an unregulated environment, HBCEC presents substantial risk of fraud and identity theft. To avoid falling prey to potential fraud schemes, investors are strongly advised to steer clear of unlicensed brokers like HBCEC and instead choose fully regulated ones.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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