What is an HQ Trade broker?
HQ Trade broker is an anonymous brand that has an inactive website. Although the website is not working, we know that it was written entirely in Spanish, targeting mainly Spanish clients based on some HQ Trade reviews.
They are an incognito brokerage company without an owner or headquarters. Considering everything, putting your money into this company would not be safe since this broker is most likely a scam, but is it?
If you want to learn more, you can read our HQ Trade review.
How can HQ Trade take your money?
Unregulated brokers usually work in the following way, and they call people to persuade them to make an initial deposit. When doing this the broker will do anything to help you get started. They will often offer deals that sound too good to be true. People were virtually promised thousands of dollars if they began to invest with the company.
When doing this, they will also collect all the information about you. Remember that persuasion is what they do best, so don’t feel bad if you’ve fallen for this because it happens very often to many people. After making the initial deposit, you will then be transferred to a new agent who will go further and ask for more money and so on until you are left with no funds at all.
All of this will, of course, be presented as a fantastic opportunity for doubling the profits, all to take more funds from you by giving big, fake promises. Once you get involved with a company such as HQ Trade broker or StocksKey, you will see how easy it is for your funds to disappear, and this is when you know you have been a victim of cyber fraud.
Now, imagine that at one point, you want to stop and withdraw your funds. First, they will delay this process for weeks, months or even, and if the delay lasts for more than six months, you won’t be able to file a chargeback anymore.
Why? Simply because your money is no longer there. But let’s say that you somehow get a chance to withdraw your funds earlier. Where would you make a withdrawal request? Their website hqtrade.io cannot even be accessed; therefore, you cannot submit a withdrawal request.
To conclude, the question from the beginning: Is HQ Trade a scam? Red flags raised – YES.
HQ Trade Warnings
The broker is an unregulated and unlicensed company blacklisted as a scam by the UK FCA and the International Organization of Securities Commission.
Both of these organizations listed that HQ Trade is just an illicit scheme defrauding clients, and after they’ve been scammed, there’s no possibility to get reimbursed from the compensation fund.
What to do if you have already gotten into the hands of a scammer?
Chargeback is your solution!
You will see that banks are often not going to be helpful, and so if you have been involved with HQ Trade broker and got scammed, do not hesitate for a moment.
Reach us immediately! Unfortunately, we encounter these situations daily and our company is dealing with refund processes for years, and we will be more than glad to assist you in getting your money back. You already know they will not give your money back, but things are still not lost completely.
Submit your details in the form below and let us know what happened. We will book your free consultations and explain to you how to start the procedure.
Let’s take immediate action and get your money back!