SCAM- HubTrader Forex Broker Review (2020)

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HubTrader

HubTrader Broker (https://HubTrader.com) is an unlicensed offshore CFD Broker reported by as customers as SCAM Broker.

HubTrader is actually owned by a company called; Five C LTD, and located at: Trust Company Complex, Ajeltake Road, Ajeltake Islands, Majuro MH96960 Marshall Islands. They list a phone number in the Netherlands of: +31202170267. Customer support email address is: [email protected], and the official website is at: https://HubTrader.com/.

For complaints or problems making a withdrawal, read this.

HubTrader Brokers Review

Our review of the trading platform offered at broker HubTrader shows, that they are using the FronTrader CFD trading app. Day traders will find the full spectrum of underlying assets available for CFD trading. They make available trading on; Crypto Currency, Forex, Commodities, Market Indexes, Stocks and Metals.

Maximum leverage is as high as 100:1 for Forex pairs, and as low as 2:1 on Crypto Currency pairs. Officially they offer a zero spread, but also charge a 3% commission. New trading accounts can be funded with Credit Card, via BridgerPay. Automated trading apps advertised online are mostly scams, therefore, before using an automated trading app, read about the problems here.

You can see a screenshot of their web-based CFD trading platform below. HubTrader also offers you a mobile trading app for Android. If you are interested in using MetaTrader software, the find another broker listen here.

HubTrader Broker Review
HubTrader Broker Review

Is HubTrader a Legit Broker?

No, HubTrader is not a licensed broker.

The way Scam Broker Investigator reviews a new online broker to see if they are legit or a scam, is by checking for a valid brokerage firm license. On our website you will find reviews of more than 700 CFD brokers and trading apps. We always check the government financial regulators; FSCA South Africa, ASIC Australia and FCA United Kingdom, to see if a firm is licensed.

By investing with a licensed and regulated broker, this ensures you, that your funds are kept in segregated accounts, and are secure in the event that the broker disappears.

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