Search

SHD Forex Broker provides real users with * positive reviews, * neutral reviews and 41 exposure review!

SHD Broker Review

1.44

WikiFX monitor

Business

Influence E

License

ASIC Suspicious Clone

SHD Review 41

Latest All(41) Exposure(41)
Exposure
Keep delaying and do not withdraw

It took more than 1 month to process the withdrawal, and they said that I have to wait for the accountant to review and the accountant has reviewed it. I also said that I have to wait for the bank to review the withdrawal and deposit. I have to use the electronic wallet to withdraw funds and need to be reviewed by the bank. It can still operate like this, everyone, pay attention

投資菜鳥
2022-08-16
Exposure
Expose SHD's unforgivable misdeeds - no withdrawal, disappearances, hidden identities

The phone number of SHD customer service has been blocked for a long time. In addition, the customer service manager scanned the QRcode and added no reply at all. In addition, the online address is not the operating address of SHD, but a company secretary's shop! Many other companies also register with this address! Therefore, there is reason to suspect that SHD uses the identity of a third party to conduct ulterior transactions, and refuses to withdraw money after the investment fails. The behavior is outrageous! Now I can't find the person in charge by any means!

投資人
2022-08-15
Exposure
SHD makes effort to delay the withdrawal. Am I being cheated?

Am I being cheated? Lead by Wang Shouren, introducing TA to gain your trust. On the ground of adding funding, induce more fund and lose everything. When you want to withdraw the remaining fund for emergency purpose, SHD Lin Baoyi delays it on the ground of different from the beginning. I changed it according to the instructions and still said no. Then I wanted to ask assistant teachers Gao Zhiwei and Zhou Junyan, Li Zian, and Wang Shouren to help. But the teachers couldn't find anyone after 8/6. Very suspicious. Now I just want to get the rest of the money back The balance of the account DA8295 is US$170,000.- The amount is very large. It is money for health care. I really ask SHD to have a little conscience.

WH74149
2022-08-14
Exposure
I have applied for withdrawal three times since June I4, but have not received the money so far, it is a scam

Since June 14th, I applied to the SHD platform to withdraw. I followed the instructions and applied for three times. SHD used many excuses to delay it. It has been two months since I received the money. It is a scam.

nottrader
2022-08-14
Exposure
The customer service delays the withdrawal, and I have been deceived?

I was recommended by the group teacher to make a deposit and go to SHD for trading. After the teacher made several mistakes, I recently decided to withdraw USD 20,000 to see it. All the teachers and teaching assistants in the group have also disappeared for several days. Other friends on the platform also encountered the problem of delay in withdrawing funds. Am I being deceived? I just want to get my full principal back now, I hope this can help me! [d83d][de1e][d83d][de1e][d83d][de1e]

投資人
2022-08-13
Exposure
SHD is unable to withdraw

I introduced the SHD account opening specialist through Dataagetw.com. and then traded on the iex pro platform. But I want to withdraw money afterwards. I applied from 2022/7/26 to now 2022/08/08, and I have already passed through 3 customer service staff. The answer will always be the same. Please forgive me because of busy business!

irene31304
2022-08-08
Exposure
Cannot withdraw for three weeks

The application for withdrawal on 7/14 has not been successful so far. During the process, the official phone number of SHD is busy. I have also sent an email to the official email and have not responded, so far I have not been able to do so. On 7/18, 7/26, 8/1, 8/2, I used the line to inquire and did not reply to me. On 8/1, I did not reply to the SHD window. Since I applied for the withdrawal, it was difficult to contact me. Instead, it was an introduction. The person I applied for the platform conveyed that my funds were suspected of being defective, so I could not withdraw the funds. The previous deposits were handled very efficiently, but I was deceived when I encountered difficulties in withdrawing funds?

yuyu24987
2022-08-05
Exposure
The application of withdrawal from this platform has not been responded

There are no updates from 7/28 since appling for the withdrawal, and the customer service staff are ignorant. When I asked when the withdrawal can be completed, they only reply that the process is in progress...

Chloe33360
2022-08-04

  

SHD 2025 Review: Everything You Need to Know

  In the ever-evolving landscape of forex trading, SHD has emerged as a notable player. However, a comprehensive review reveals a plethora of concerns surrounding its legitimacy and user experience. While some traders may find the platform appealing due to its advertised features, the overwhelming feedback from users suggests significant red flags, particularly regarding withdrawal issues and regulatory compliance.

  Note: It is crucial to recognize that SHD operates under various regional entities, which may lead to discrepancies in user experiences and regulatory oversight. Our assessment is based on a thorough examination of multiple sources to ensure fairness and accuracy.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  How We Rate Brokers: Our ratings are derived from extensive research and user feedback, focusing on key areas that impact the trading experience.

  

Broker Overview

  Established in 2021, SHD, or Starhonor Development Limited, is an online forex broker based in Hong Kong. The broker claims to offer access to popular trading platforms, including MetaTrader 4 and MetaTrader 5, allowing users to trade a variety of financial instruments such as forex, precious metals, and cryptocurrencies. However, the regulatory status of SHD is highly questionable, with claims of being authorized by the Australian Securities and Investments Commission (ASIC), which several sources have flagged as potentially misleading.

  

Detailed Breakdown

  

Regulatory Regions

  SHD operates primarily in Hong Kong but claims to have regulatory oversight from ASIC. However, many sources indicate that SHD may be a suspicious clone lacking genuine regulatory authorization, raising concerns about its legitimacy and operational practices.

  

Deposit/Withdrawal Options

  SHD allows deposits and withdrawals through traditional bank transfers and various e-wallets. However, users have reported significant issues with fund withdrawals, often citing delays or outright refusals, which is a common complaint in various SHD reviews (Fraud Complaints).

  

Minimum Deposit

  The specific minimum deposit requirement for opening an account with SHD is not clearly stated across sources, which adds to the uncertainty surrounding this broker.

  

Bonuses/Promotions

  There is limited information regarding any bonuses or promotions offered by SHD, which is often a red flag in the trading community.

  

Tradable Asset Classes

  SHD claims to offer a range of trading instruments, including forex and precious metals. However, the lack of transparency regarding specific asset classes and trading conditions may deter potential users.

  

Costs (Spreads, Fees, Commissions)

  While SHD lists spreads for certain instruments, such as $0.50 per ounce for spot gold and silver, other costs remain undisclosed. This lack of clarity can lead to unexpected expenses for traders, as highlighted in multiple SHD reviews (WikiFX).

  

Leverage

  The broker reportedly offers leverage up to 1:400, which can be enticing for traders but also poses significant risk, especially for inexperienced investors.

  

Allowed Trading Platforms

  SHD supports trading on MetaTrader 4 and MetaTrader 5, both of which are well-regarded in the trading community for their robust features and user-friendly interfaces.

  

Restricted Regions

  There is no specific information on restricted regions, which may vary based on local regulations and SHD's operational policies.

  

Available Customer Support Languages

  SHD provides customer support in English, but users have reported long wait times and inadequate responses, which significantly impacts the overall user experience.

  

Final Rating Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  

Detailed Analysis

  •   Account Conditions: The overall account conditions at SHD are rated poorly due to a lack of transparency regarding minimum deposits and withdrawal processes. Users have reported numerous issues with fund retrieval, which is a significant concern for any potential trader.

  •   Tools and Resources: While SHD claims to offer various trading tools and resources, the effectiveness and accessibility of these tools remain questionable. Many users have noted that the promised features do not meet their expectations.

  •   Customer Service and Support: Customer service is a major pain point for SHD, with reports of unresponsive support and inadequate assistance during critical trading situations. This lack of reliable support can lead to frustration and financial loss for traders.

  •   Trading Setup (Experience): The trading experience on SHD is marred by reports of technical issues and a confusing user interface, leading to a subpar trading environment. Traders looking for a seamless experience may find SHD lacking.

  •   Trustworthiness: Trustworthiness is a critical concern, as SHD has been flagged by several regulatory bodies and user reviews as potentially fraudulent. The lack of clear regulatory oversight further exacerbates these concerns.

  •   User Experience: Overall user experience on SHD is rated poorly, primarily due to withdrawal issues, customer service challenges, and a lack of transparency regarding trading conditions.

  •   In conclusion, while SHD may present itself as a viable trading option, the numerous red flags associated with its operations and user experiences suggest that potential traders should exercise extreme caution. The overwhelming consensus from various SHD reviews indicates that this broker may not be the best choice for those looking to engage in forex trading.

SHD review