HQ Trade Review

Read our HQ Trade review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an hqtrade.io review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So HQ Trade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.

Make sure you leave reviews about HQ Trade in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.

HQ Trade Review Conclusions

Making the HQ Trade review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our HQ Trade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

REVIEW OVERVIEW
HQ Trade Review
hq-trade-review-hqtrade-io-scamRead our HQ Trade review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an hqtrade.io review. Who are they? After taking a look at their website, it shows that they do not fall under any regulating...

10 COMMENTS

  1. This is happening to me, exactly how you describe.
    Multiple “hard sell” agents contacted me and this is when my suspicions were raised.
    I have sent all the details to my bank with Web pictures etc. A lot was via WhatsApp so I have the history

  2. This happened to me yesterday exactly as described. Definitely be weary of this trading company. Especially as yuan pay should not be on the market until 2023

  3. This happened to me this week. I have loads of evidence too. They set up account and pressurise you into adding more each week. Been to Police and bank.

  4. Hi,
    Right now I’m in this situation, and they don’t answer,no reply to the emails,till now my money is pending.
    Really THIEFS.

  5. I am trying to withdraw. They phoned me and opened a Binance account for me saying saying that to withdraw it has to go via Binance. I would like to withdraw myself but there’s no withdraw button on Hqtrade…?

  6. Hi

    Please could you advise as i have been told that this was a scam, i funded my coinbase account as was told by the trader they could make good profit, so i funded on the 19 april 2021 £2000 and they phoned again to say they could help better if i funded more so i deposited £3000 on the 7th may, the trade company is called Hqtrade.io when i joined, but now have changed they said due to high volume so now is Hqtrade.cc, they is a lot more funds in the trade platform but i have been advised from people that these are made up and not genuine, they say i can not withdraw any money until i pay 7500 usd through binance which i am not going to do, would you be able to advise where or what i should do.

    Robert

  7. Guten Tag,

    ich habe bei Ihnen ein Konto unter der Nummer 21160295. Ich habe schon mehrere Auszahlungen in AUftrag gegeben die bis dato nicht ausgeführt wurden. Ich habe auch diesbezüglich schon mehrere Telefonate mit einem Ihrer Finanzberater geführt. Ich müsste eine andere App runterladen und mich hier und dort anmelden. Das kann doch nicht sein. Sie haben meine Kreditkartendaten von der Einzahlung. Ich möchte sie bitten den Betrag von 817,00 Euro auf mein Konto zu überweisen. Sollte dieses bis zum 2.7. nicht erfolgt sein übergebe ich die Angelegenheit meinem Anwalt.

    Thomas Kadel

    Good day,

    I have an account with you under the number 21160295. I have already issued several payments that have not yet been carried out. I have already had several phone calls to one of your financial advisors about this. I would have to download another app and log in here and there. This can not be. You have my credit card details from the deposit. I would like to ask you to transfer the amount of 817.00 euros to my account. Should this be up to 2.7. If it has not happened, I will hand the matter over to my lawyer.

    Thomas Kadel

  8. FELL FOR SAME SCAM HQ TRADE TRANSFERD 18503 POUNDS INTO BINANCE CURRENCY BY AUTHORISED PUSH PAYMENT IVE LOST ALL MY SAVINGS STAY CLEAR I HOPE MY BANK WILL HELP ME GET MY MONEY BACK BUT I DOUBT IT

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