What Is High BTC Stock？
High BTC Stock is an online CFD broker registered in the United Kingdom. However, it operates without regulation, which means it lacks oversight from financial regulatory authorities.
Pros & Cons
Pros:
No Transaction Fees: High BTC Stock does not charge any transaction fees, allowing traders to execute trades without incurring additional costs.
Several Security Measures Taken: The platform implements various security measures to safeguard traders' funds and personal information, including the use of regulated banks, segregated accounts, and two-factor authentication.
Cons:
Is High BTC Stock Safe or Scam？
Regulatory Sight: High BTC Stock is currently operating without regulatory oversight, which means it does not fall under the jurisdiction or supervision of any financial regulatory bodies. It also does not hold any licenses that would enable it to conduct its operations in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.
Segregation of Funds: Client funds are stored in segregated accounts at regulated financial institutions, separate from High BTC Stock's own accounts, so traders' funds are protected even in the event of insolvency or other financial difficulties faced by the company.
Fraud Detection Systems: High BTC Stock employs sophisticated fraud detection systems to safeguard against fraudulent activities, unauthorized transactions, and identity theft. These systems continuously monitor and analyze trading activities to detect any suspicious behavior.
Two-Factor Authentication (2FA): To enhance account security, High BTC Stock offers two-factor authentication (2FA). This requires traders to provide a secondary verification code, typically sent to their email address or mobile phone, when logging into their account.
Market Instruments
High BTC Stock provides access to a variety of market instruments, including Forex (foreign exchange), Contracts for Difference (CFDs), and cryptocurrencies. These instruments allow traders to speculate on the price movements of currency pairs, commodities, indices, and digital assets such as Bitcoin and Ethereum.
Account Types
High BTC Stock allows users to choose from different account types according to their initial capital and requirements. All the account types include Bronze, Silver, Gold, Platinum, Diamond, Premium, VIP, and Islamic. The minimum deposit required is listed below.
Spread & Commission
High BTC Stock does not mention detailed spread, but claims it to be high. Without an exact figure, we cannot say whether it is a tight one or not. High BTC Stock does not charge any transaction fees, which means there are no commissions applied directly to trades executed on their platform.
However, traders should be cautious of potential hidden fees that are not explicitly mentioned on the official website. These hidden fees could include overnight financing charges, withdrawal fees, or inactivity fees.
Trading Platform
The High BTC Stock Web Trader is a user-friendly and intuitive online trading platform designed to empower traders with access to real-time market data and seamless trade execution. It boasts lightning-fast speed and unrivaled reliability, so traders can capitalize on market opportunities swiftly and efficiently. Compatible with various devices and operating systems, including Windows, Android, and iOS, the platform offers flexibility and accessibility to traders on the go.
Customer Support
The customer support provided by High BTC Stock includes various channels to address traders' inquiries and concerns. Traders can reach out to the support team through a contact form available on the company's website.
Additionally, there is a dedicated telephone line with the number +442038465534 for direct communication with support representatives. The company's physical address, is located at 20 Canada Square, London E14 5NN, United Kingdom, so users can try to resolve issues in person.
Conclusion
High BTC Stock currently has no regulation, it provides users with multiple account types and charges no transaction fee. Though several security measures were taken by the broker, we do not recommend users to trade with non-regulated brokers.
Frequently Asked Questions (FAQs)
Q: What is the minimum deposit of High BTC Stock？
A: The minimum deposit is $250.
Q: If I deposit/withdraw money, will any fee be charged？
A: No. High BTC Stock does not charge transaction fees.
Q: Is High BTC Stock regulated or not？
A: No, it is not regulated.
Q: Can I contact its customer service via live chat？
A: No, you can't, since High BTC Stock does not have a live chat channel.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
