Hustlers University foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://hu24optiontrade.com/signup, about the company's legal and temporary regulatory information, the company's address 10 Paternoster Sq., London EC4M 7LS, United Kingdom.
Hustlers University, officially registered as Hustler's University LLC, was established between 2 to 5 years ago. The broker is headquartered at 10 Paternoster Square, London EC4M 7LS, United Kingdom. It operates as a private entity and is primarily focused on providing trading services in the forex market.
The company claims to offer specialized support and services for forex traders, presenting itself as one of the best in the industry. However, it is important to note that Hustlers University is not available to the general public; it is exclusively open to qualified members of Absolute Options. This exclusivity raises questions about the accessibility and transparency of its services.
Over the years, Hustlers University has developed a reputation for its unique approach to forex trading, although it has faced scrutiny due to its lack of regulation. The broker's business model primarily revolves around retail forex trading, catering to individual clients looking to engage in currency trading.
The business milestones include its establishment in the UK and the introduction of various account types for traders, although detailed information about its operational history remains limited. The broker operates without a parent company or group affiliation, indicating a standalone operation.
Hustlers University operates without any valid regulatory oversight. This lack of regulation is a significant concern for potential investors. According to various sources, the broker does not hold licenses from recognized regulatory bodies, which raises red flags about its legitimacy and accountability.
The primary regulatory bodies that oversee forex brokers include the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Financial Industry Regulatory Authority (FINRA) in the US. However, Hustlers University does not possess licenses from any of these institutions, leading to questions about its compliance with legal standards.
Furthermore, there is no information available regarding the customer funds segregation policy or participation in any investor compensation schemes, which are critical for protecting client investments. The broker's Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures are also not clearly outlined, further contributing to the concerns regarding investor safety.
Hustlers University primarily focuses on the forex market, offering a selection of currency pairs for trading. The broker claims to provide access to a variety of major, minor, and exotic currency pairs, although specific details about the total number of pairs available are not disclosed.
In addition to forex trading, Hustlers University also offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. However, the lack of detailed information about these products raises concerns about the broker's transparency.
The broker's product offerings are updated periodically, but specifics on the frequency of updates or the introduction of new trading instruments are not readily available. The retail trading services are designed for individual traders, while institutional services appear to be limited or non-existent.
Hustlers University supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), popular trading platforms known for their user-friendly interfaces and advanced trading features. Additionally, the broker offers a proprietary web-based trading platform, although details regarding its features and capabilities are sparse.
There is no mention of mobile applications for iOS or Android devices, which is a significant drawback for traders who prefer to trade on the go. The execution model employed by Hustlers University is not explicitly stated, leading to ambiguity regarding whether it operates on an ECN, STP, or Market Making basis.
The broker's server locations and technology infrastructure details are also not provided, which could impact the trading experience regarding latency and execution speed. Furthermore, there is no information available about API access or support for automated trading, which can be crucial for algorithmic traders.
Hustlers University offers three distinct account types tailored to different trading experiences and investment goals:
The high claimed profits associated with each account type raise concerns about the legitimacy of these figures, as guaranteed profits in financial markets are unrealistic.
The trading conditions for these accounts include high service fees of 15% on profits, which is significantly higher than industry standards. Additionally, the leverage ratios offered by the broker are not specified, making it difficult for traders to assess their risk exposure.
The minimum trading lot size and overnight fees are also not disclosed, which can affect traders' decision-making processes.
Hustlers University supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, the minimum deposit requirements vary depending on the account type, with the lowest being $1,000 for the Silver account.
The processing times for deposits are not clearly outlined, which could lead to uncertainty for traders looking to fund their accounts. Furthermore, there is no available information regarding any deposit fees that may apply.
For withdrawals, the broker's policies are equally unclear. The withdrawal methods and any associated restrictions are not detailed, which can pose challenges for clients seeking to access their funds. The processing time for withdrawals is also unspecified, raising concerns about the efficiency of the broker's fund management practices.
Hustlers University provides customer support through multiple channels, including phone, email, and live chat. The support team's operating hours and time zone coverage are not explicitly mentioned, which could affect the accessibility of assistance for clients in different regions.
The broker claims to offer multi-language support, but the specific languages available are not listed. This can limit the effectiveness of communication for non-English speaking clients.
In terms of educational resources, Hustlers University appears to offer a range of materials, including webinars, tutorials, and eBooks. However, detailed information about the types of market analysis services provided, such as daily analysis, news updates, and research reports, is not readily available.
Additionally, the availability of trading tools like calculators, calendars, and signal services is not specified, which could hinder traders' ability to make informed decisions.
Hustlers University primarily serves clients in the United Kingdom, but specific details about its operational reach in other regions are not disclosed. The broker's regional offices, if any, are also not mentioned, which can limit its accessibility for international clients.
There is a lack of information regarding countries or regions from which clients are not accepted. This omission raises potential concerns about the broker's compliance with international regulations.
In summary, Hustlers University presents itself as a forex trading platform with a variety of services and products. However, the significant concerns regarding its lack of regulation, high fees, and limited transparency warrant caution for potential investors. It is advisable to seek professional advice and consider alternative, regulated platforms to mitigate risks associated with trading through Hustlers University broker.
健乐
Tunisia
Happy to share my experience with Hustlers University. I think it's a very good cryptocurrency broker and their live chat support is excellent and makes me feel very at ease. The trading platform interface is clear and easy to understand, and the functions are very rich. Their execution speed is also fast and I am very happy with my trading results.
Positive
2023-03-27