The British broker High BTC Stock promises to offer traders the best conditions and access to a modern platform for making money on CFDs. The company only speaks highly of itself, proclaiming transparent and safe operations, but is this really the case? Can a firm without a license provide reliable service, or is this guaranteed to be a scam? Online reviews are more often positive than negative, but this should not be taken seriously. We need to thoroughly investigate the terms and facts about the organization, and find red flags to understand the true nature of the platform.
Table of Contents
Highlights
| 🏛️ Country | United Kingdom |
| ⚠️ Regulation | – |
| 🖥️ Website | https://www.highbtcstock.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | $250 |
| ⚖️ Minimum and Maximum Leverage | 1:200 |
| ⚙️ Trading Platform | WebTrader |
| – | |
| 📞 Phone | +442038465534, +442038465535 |
First Impression of Highbtcstock.com
The official website of High BTC Stock is a template and typical resource that can be seen with any other broker. At the top of the page is a classic panel with contacts, information about the company, platform, account types, and other conditions. The site is replete with eloquent and motivating phrases, meaningless sentences, and clichéd advantages. It feels like more than 90% of all text is just filler, making no sense at all.
The site has been translated into 8 languages besides English, mainly European languages, but Korean is also available. There is no standard warning about the risks of margin trading, nor are there any legal documents. High BTC Stock has not disclosed anything about its activities; there is no specific information about when the company was founded, what its business model is, and so on. Regarding graphic design, nothing is interesting or unique here either. Overall, the website can only be given a poor rating.
Partnership and Bonuses
The partnership program is not designated on the website, but during account registration, there is an opportunity to enter a certain referral code, which clearly hints at the existence of a referral program. To new clients, High BTC Stock offers a welcome bonus, which cannot be withdrawn until the conditions for it are met. The trader needs to make a certain trading turnover so that the withdrawal of both the bonus and the earned profit is available. In addition, the broker has a loyalty program.
Account Opening on Highbtcstock.com
Creating an account starts with providing personal information, including contacts, name, choosing the account currency (USD, EUR, or GBP), and a password. You can also enter a promo code if you have one. High BTC Stock allows trading only for those who are over 18 years old and asks to agree to the terms of use.
As it turns out, entering the referral code is mandatory. That is, registration without an invitation at High BTC Stock is impossible. The future client needs to find this promo code and enter it when creating an account. A somewhat illogical and quite foolish decision, which creates a lot of suspicion about the company. By the way, a demo account was not found. Most likely, trying out the service with virtual money is not possible.
Verification
High BTC Stock adheres to AML & KYC policies, therefore verification with the broker is mandatory. The firm requires identity verification as well as confirmation of the method of money transfer. However, the procedure is not described in detail, and it is unknown exactly which documents need to be uploaded.
- None.
- High BTC Stock does not disclose information without pre-registration.
Trading Software
The trading platform is presented in a web-based version. At the same time, High BTC Stock has not developed any applications for smartphones, which is quite inconvenient and impractical. It is also hard to imagine an advanced terminal that cannot be downloaded and installed on a computer. For professional and successful trading, a desktop version of the software is required. At the same time, it’s funny when a website describes the advantages of the web platform over a desktop, putting web-based first. Why, then, do all professionals on Wall Street trade on desktop software?
We cannot check the capabilities of the terminal since it is not possible to register an account without a promo code. In addition, we have already mentioned that there is no demo account. Trusting the description given on the High BTC Stock website is a bad idea, but there is no other option. However, it can be said for sure that the broker’s terminal is clearly primitive and with the minimally necessary functionality.
| Features | High BTC Stock | RontoXM | Kowela |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ❌ | ❌ | ✔️ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With High BTC Stock?
The company offers trading exclusively in CFDs, so one should not expect access to spot assets and futures contracts. High BTC Stock does not disclose the size of its spreads, but it does state that leverage is limited to 1:200. The minimum deposit amount is $250, but different account types require different deposit amounts.
All Info About Accounts
High BTC Stock offers 7 types of accounts, with the minimum deposit starting at $10,000, and the last type even requiring a capital of at least $1,000,000. These are some insane requirements. Even the most well-known, safe, and popular companies do not demand such huge sums. Moreover, a deposit threshold of $250 hints at potential fraud, as it is often such a value that you can find with scam brokers.
Additional services include market reviews, e-books, webinars, social trading, video on demand, a personal assistant, risk-free trades, customized accounts, and others. It’s interesting to see if anyone would be willing to invest $25,000 or more in a broker that doesn’t have a license. High BTC Stock has clearly overestimated itself by providing such conditions. Meanwhile, there are zero commissions here, and the trader only pays the spread.
It is worth noting that the 1:200 leverage is clearly against the requirements of regulators. If the broker really had licenses, then leverage would be limited to 1:30. There is an Islamic account available, but as we already know, there is no demo account. The size and type of spreads, contract specifications, and swaps are not stated. High BTC Stock is engaging in extortion and operates secretly and opaquely. All of this can only be characterized from a negative perspective.
- There is an Islamic account.
- Insane minimum deposit requirements.
- Important terms are not specified, such as spreads.
Market Analysis and Education With Highbtcstock.com
High BTC Stock provides clients with educational content on Forex/CFD trading, cryptocurrency, and financial markets. Traders also have access to a FAQ section, as well as a ticker with online quotes. However, there is no economic calendar, news feed, or widgets available on the site.
Deposit, Withdrawal, and Fees
The account balance can be replenished using various methods, including fiat (credit/debit cards, bank wire transfers, and e-wallets), as well as cryptocurrencies. High BTC Stock does not disclose the size of the commissions, and processing withdrawal requests takes up to 3-5 business days.
| Features | High BTC Stock | AU Venture | Forexeze |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ✔️ | ❌ | ✔️ |
| Crypto Transfers | ✔️ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
Contact with High BTC Stock managers is possible only by phone. Strangely, there is no email support. Additionally, there is no online chat for prompt contact, and there are no social media accounts, which are a mandatory attribute for any online business.
- None.
- Email, online chat, and social media are not available.
Is High BTC Stock Dangerous?
Closed registration, hidden trading conditions, low internet popularity, and a low-quality website are all obvious shortcomings that we have already discovered. However, it is not enough to make a final verdict. We still need to find out how long High BTC Stock has been in existence and what licenses the company holds.
How Long Does The Broker Work?
The longer a company has been in operation, the more trustworthy it generally is. Honest and transparent organizations always indicate their founding date on their website. Why has High BTC Stock chosen not to disclose its launch date? Most likely, because it happened recently. An approximate period of operation can be suggested by the domain registration date. So, the domain was registered on July 26, 2023. That is when the platform was launched. This period definitely cannot be considered significant.
How Is High BTC Stock Regulated?
Every forex broker is required to obtain a license to operate in the jurisdiction where it is based. Our investigation’s subject is based in the United Kingdom, as that is where the legal address is indicated. Let’s first check the Financial Conduct Authority (FCA), which regulates the activities of financial companies, and then the Companies House for the presence of High BTC Stock.
As seen in the screenshot above, the broker is absent from the FCA database, as the search yielded no results. How can a British firm operate without a license in the UK? It cannot, because such an organization does not even exist. The Companies House check also showed the absence of High BTC Stock in the registry of legal entities.
| Features | High BTC Stock | VastWealth | Legends Financial Company |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With High BTC Stock?
Is High BTC Stock Legit?
How Risky Is It?
Kevin Berry Every broker in the UK must obtain a license from the Financial Conduct Authority, so checking this registry is enough to confirm the fraudulent nature of the company. High BTC Stock is not even listed in the register of legal entities. Clearly, we are dealing with a scam firm created by unidentified individuals who do not disclose their faces or names. It is quite amusing to see how these scammers talk nonsense about being in the process of obtaining a license and being officially registered. How can an organization be officially registered if it is not on the registry? Do not believe such tales; always conduct your own analysis.
High BTC Stock rating
3 reviews about High BTC Stock
This is an absolute scam, a blatant fraud, and a trap. Any investments made here will be lost. Your money will be stolen as the fraudsters will immediately take it for themselves. There is no license here, no guarantees, and the scammers are just waiting for the next victim to invest their money. They even post fake positive reviews about themselves on the internet.
Please help me retrieve my money from High BTC Stock. I invested $1000, but the minimum plan requires $10,000, and I don’t have that kind of money. I also can’t withdraw my money back. I’ve been trying to reach out using the phone numbers provided, but it’s not working out; they are switched off and inaccessible. What should I do? How can I get my money back? Another issue is that I made the transfer via cryptocurrency. I understand that the transaction can’t be reversed, but is there any solution? Should I go to the police? Can someone who has been in a similar situation advise me on what to do? Is there any way to retrieve the money? It’s very disheartening to lose $1000 due to a foolish mistake.
We can confidently state that High BTC Stock is engaged in scam activities. Why? Just look at what the fraudsters are saying about themselves on their website. They claim to be an officially registered company, are in the process of obtaining a license, and assert that they are safe and reliable. However, where is the evidence? High BTC Stock is not listed in Companies House, so the London legal address they provide is fake. Furthermore, I have repeatedly encountered scambrokers who often list this address in Canada Square, which is also a mass address.
The broker is completely illegal; it lacks a license and operates on a 100% B-Book model. The firm profits when traders lose money. Because if clients started making money, the scammers would incur losses. Would anonymous fraudsters allow themselves to suffer losses? Definitely not. Therefore, you will neither be able to earn money nor, especially, withdraw it back. Stay away from High BTC Stock.