Forex trading has become a global phenomenon, but unfortunately, not all players in the ecosystem uphold the industry's integrity. One such entity that has raised eyebrows is Best World High Trade. This in-depth analysis will provide a comprehensive understanding of why you should remain cautious.
The Emergence of Best World High Trade
Best World High Trade surfaced a month ago and has already carved a reputation for itself, albeit a negative one. The service provider has quickly found a place on the blacklist of brokers to avoid. The company's website reveals a half-baked effort, lacking secure connection and incomplete contact and legal details. It's a telltale sign of a classic scam, and opening an account with them would be a risky proposition.
Unsettling Aspects of Best World High Trade
The user agreement of Best World High Trade is riddled with inaccuracies. The broker imposes fines and sanctions, the reasons for which remain unclear. Furthermore, payments are processed through a fly-by-night service, contrary to the broker's claims of using verified systems.
The customer support at Best World High Trade is non-existent in practice. The support team is unresponsive, and the terms can only be accessed post-registration. The lack of transparency is alarming, compounded by the absence of integration with necessary Forex services. Mobile trading is underdeveloped, and unknown organisations are listed as regulators.
Best World High Trade does not employ any encryption to safeguard client data. The company is involved in news falsification, technical manipulations, and publishing misleading analytical reports. They bait customers with implausible profitability and fail to inform about potential risks.
Suspicious Elements on the Best World High Trade Website
The search engines struggle to find any information about the broker, barring negative reviews. The website lacks a secure connection, has an unfinished interface, and contains text block errors. Risk messages are missing, but the homepage prominently features an advertising banner with a tempting offer.
More Red Flags about Best World High Trade
The company aggressively pushes for the download and installation of unknown software and discourages the use of antivirus. Live news is not published, and the quotes also appear suspicious. Access to the personal account is blocked without warnings.
The Allure of False Advertising
Best World High Trade utilises intrusive and false advertising to lure customers. They promise instant profit, conveniently omitting potential risks. They levy additional charges and withdrawal fees, whilst failing to make any payouts. Several negative reviews underline the impossibility of recovering money from Best World High Trade.
Why It's Unwise to Open an Account with Best World High Trade
- Absence of regulatory oversight
- Gaps in the user agreement
- Mysterious fines and sanctions
- Use of a fly-by-night service for payments
- Lack of secure connection
- Automatic position closures
- Inability to receive payouts
- Unaccounted commissions
- No risk disclosure
- Unfinished website, recently registered domain name
- Promises of astronomical profits
- Investment in non-existent assets
- Publication of false statistics
- Lack of standard market instruments
- Concealed data
- Low rating
The Reputation of Best World High Trade
The broker carries a bad reputation, with debts on payouts and numerous negative reviews. It's a typical scammer, operating without registration or licenses. They allure with empty promises and violate existing market standards.
The Final Verdict
In conclusion, Best World High Trade is an untrustworthy broker. Collaborating with them will inevitably lead to loss of funds. The deceptive practices and lack of transparency make it a good idea to steer clear of this broker.
Your financial safety is paramount, and it's crucial to ensure you're dealing with a legitimate and regulated Forex broker. Always conduct thorough research before investing your hard-earned money.