Delta Invest foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.deltainvestment.io, about the company's legal and temporary regulatory information, the company's address The George Building, 2 Nicholas Rd, London W11 4AN, United Kingdom.
HighTrustCapital, also known as Hight Rust Capital, is an online trading broker established on June 12, 2022. The company operates under the name Moon Media LLC, with its headquarters purportedly located at the First Floor, St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines. As a privately held entity, it positions itself in the financial market primarily targeting retail clients interested in forex and cryptocurrency trading.
Despite its recent inception, HighTrustCapital has rapidly gained attention, albeit negative, due to its questionable practices and lack of regulatory oversight. The broker claims to offer a variety of trading services, but its operational transparency is severely lacking. The absence of a concrete corporate structure or identifiable ownership raises significant concerns regarding its legitimacy.
The business model of HighTrustCapital focuses on retail forex trading, providing clients with access to various trading instruments, including forex pairs, CFDs, and cryptocurrencies. However, the lack of regulatory compliance and the anonymity surrounding its operations have led to numerous warnings from financial authorities, suggesting that potential clients exercise extreme caution.
HighTrustCapital operates without any regulatory oversight, which is a significant red flag for potential investors. The broker has not been registered with any major financial regulatory authority, including the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC). This unregulated status means that clients' funds are not protected, and the broker is not held accountable for its actions.
The absence of a regulatory license implies that HighTrustCapital does not adhere to the necessary legal and ethical standards required for financial service providers. There are no known regulatory numbers or licenses associated with this broker, further emphasizing its dubious nature.
Moreover, HighTrustCapital lacks a customer fund segregation policy, which typically ensures that clients' funds are kept separate from the broker's operational funds. This absence increases the risk of losing deposits in the event of financial mismanagement or insolvency. Additionally, there is no information available regarding participation in investor compensation schemes, which could provide some level of protection to clients.
The broker does not appear to implement robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are essential for preventing fraudulent activities and ensuring the legitimacy of client transactions.
HighTrustCapital claims to offer a range of trading products, primarily focusing on forex currency pairs, CFDs, and cryptocurrencies. The broker reportedly provides access to a limited number of forex pairs, but specific details regarding the total number of available pairs are not disclosed. The main currency pairs typically traded include major pairs such as EUR/USD, GBP/USD, and USD/JPY.
In terms of CFDs, HighTrustCapital claims to offer trading in various asset classes, including indices, commodities, and stocks. However, the lack of transparency regarding the specific instruments available raises concerns about the broker's credibility. The company does not provide clear information on the frequency of product updates or the introduction of new trading instruments.
HighTrustCapital also markets its services to retail traders, but it remains unclear whether it offers any institutional services or white-label solutions. The absence of detailed information about asset management services or any unique trading products further highlights the broker's lack of professionalism and transparency.
HighTrustCapital offers a web-based trading platform, but it does not support popular trading software such as MetaTrader 4 or MetaTrader 5. Instead, the broker utilizes a simplistic web trader that lacks advanced features and tools commonly found in reputable trading platforms. This limitation is a significant drawback for traders seeking a robust trading experience.
The web trader provided by HighTrustCapital is likely designed for novice traders, offering basic functionalities without the depth required for serious trading. Additionally, there is no mobile application available for iOS or Android devices, further limiting accessibility for traders on the go.
The broker's execution model is not clearly defined, and it remains uncertain whether it operates on an ECN, STP, or Market Making basis. The lack of transparency regarding the execution process raises further concerns about the integrity of trade execution.
HighTrustCapital does not provide information about server locations or its technological infrastructure, which are critical components for ensuring fast and reliable trade execution.
HighTrustCapital does not clearly outline its account types or trading conditions on its website. As a result, potential clients may find it challenging to understand the minimum deposit requirements, spreads, and commission structures associated with different account types.
The broker has not specified the conditions for a standard account, including the minimum deposit, spreads, or commissions. However, it is reported that spreads can be as high as 2.6 pips on the EUR/USD pair, which is considerably above the industry average.
There is no information regarding advanced account types, such as VIP or professional accounts, nor are there any indications of special accounts like Islamic or corporate accounts. The absence of a demo account policy further discourages potential clients from testing the platform before committing funds.
Leverage offered by HighTrustCapital is set at 1:33, which is relatively conservative compared to other offshore brokers that may offer significantly higher leverage. The minimum trade size and overnight fees are also unspecified, making it difficult for traders to assess the overall trading conditions.
HighTrustCapital claims to support various deposit methods, including bank transfers and credit card payments, but it appears that transactions can only be processed through a third-party provider known as Pay Pound. Currently, credit card payments are reportedly not accepted, which is concerning as this method typically allows for chargebacks.
The minimum deposit requirement is not disclosed, and the processing time for deposits remains unclear. There is also no information available regarding any associated deposit fees, which is a common practice among reputable brokers.
Withdrawal methods and limitations are similarly vague, with no clear structure provided. The broker has been reported to impose high withdrawal fees, which can exceed 20%, and it is common for clients to encounter difficulties when attempting to withdraw their funds. The processing time for withdrawals is also unspecified, leading to further frustration for clients seeking access to their money.
HighTrustCapital offers limited customer support channels, including email communication at cs@hightrustcapital.email. However, there is no phone support or live chat option available, which can hinder timely assistance for clients facing issues.
The broker does not provide specific information regarding service hours or time zone coverage, making it difficult for clients to know when they can expect support. Additionally, there is no indication of multilingual support, which could be a barrier for non-English speaking clients.
Educational resources are scarce, with no mention of webinars, tutorials, or eBooks to assist traders in enhancing their skills. Market analysis services, such as daily updates or research reports, are also absent, leaving traders without valuable insights to inform their trading decisions.
There are no trading tools available, such as calculators, calendars, or signal services, which are typically provided by reputable brokers to enhance the trading experience.
HighTrustCapital claims to serve a global market; however, it does not specify the regions or countries where its services are available. The broker's website lacks information regarding regional offices or specific market coverage, which is essential for understanding its operational reach.
Notably, HighTrustCapital is likely to have restrictions on certain countries, particularly those with stricter regulatory environments. The broker is known to target regions with less regulatory oversight, which raises concerns about its legitimacy and the safety of client funds.
In summary, HighTrustCapital operates as an unregulated offshore broker, presenting numerous risks to potential investors. The lack of transparency, regulatory compliance, and reliable customer support makes it imperative for traders to exercise caution and consider alternative, regulated brokers for their trading needs.
This overview of the hightrustcapital broker aims to inform potential clients about the significant risks involved in engaging with this broker and to encourage thorough research before making any financial commitments.
Chao Yen
Singapore
Delta Invest closed down less than a year after its establishment. I can only say that money in the foreign exchange industry is not just for anyone, both for traders and for brokers.
37130
2022-12-12