ShareFounders is a new offshore MT4 Forex broker, that originally opened in April 2019.
Officially they are owned by a company called: Bitrix Tech Limited, with reg num 2896674. Their PO Box is at: Unit 1411, 14th Floor, Cosco Tower, 183 Queen’s Road Central, Sheung Wan, Hong Kong. Contact phone number is United Kingdom: +442894548782. Customer support email is: [email protected] Official website is: https://www.ShareFounders.com/.
For complaints and issues with withdrawing your money, read this.
ShareFounders Broker Review
Our review of the new brokers ShareFounders find, they are offering their investors and day traders, the classic MT4 (Meta Trader 4) CFD trading app. You will find the desktop MT4, along with the webtrader, and the basic MT4 mobile app for Android & iOS. You will be able to create multiple demo trading accounts, to play with the software and practice your trading strategy.
They offer a wide variety of assets to trade including; 50 Forex / Currency pairs, Commodities (oil, gold silver), Indices and CFD’s for shares trading. Standard leverage available is 1:300 because they are not a regulated broker. At a regulated broker, the maximum leverage offered is 1:30. Minimum deposit requirement for a new trading account is $250.
Bonus money is offered to new clients, but it is important to understand that it is a gimmick and not free money. Make sure you read the brokers Terms and Conditions before saying yes to a Bonus.
Auto Trading Apps
New & inexperienced people, are usually turned onto investing by a trading app. The problem with trading apps is, that most of them don’t make money, and you lose your investment fast. Take a few minutes and educate yourself on the pitfalls of using an automated trading app, read this.
Is ShareFounders a Licensed Broker?
No, ShareFounders is not licensed or regulated by any of the recognized financial government regulators.
The way that the Scam Broker Investigator reviews a new Forex broker to see if they are a scam or legit, is by checking their regulatory status and license. When you see that the broker has a valid license from your local governments financial regulator, you can be sure that they are a legitimate broker.
Online today are thousands of “Get Rich Quick” investing scams, and most people lose their money. You should read the reviews of some popular licensed brokers listed here.
Compare Regulated Brokers
There are so many offshore Forex brokers to compare, and many investors are confused which broker to use. Smart investors always demo trade with at two brokers, before making an initial deposit.
Plus500 is a very popular broker that many investors use. Their trading platform is intuitive and easy to use, see here.
Try a Demo Account at: Plus500.com.
*80.5% of retail CFD accounts lose money
If you have already invested with ShareFounders, please share your experience with other readers in the comments section.