Thinking of getting into business with Hodleltd? Here is what you must know about this broker. Carefully read this review to find out if hodleltd.com is the trading platform you will want to trade with.
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About Hodleltd Broker
Hodleltd is an offshore brokerage company with a lot of promises for traders. The address of the broker is missing on its webpage. To begin with, this is a red flag that reminds us of similar fraudulent scheme of scam brokers.
The broker offers different products such as forex, metals, energies, indices and more. In addition, it claims to provide customer support and active account manager.
To clarify, regardless of the trading instruments Hodleltd claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
hodleltd.com: Reasons to Avoid This Broker
Firstly, hodleltd.com is a platform with no financial authority overseeing its financial services. We discover Hodleltd is not worth your money because the broker operates under anonymity. There is a risk trading with an unlicensed broker which financial services don’t have an approval from any of the world’s financial regulators.
Secondly, we noticed hodleltd.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
We find no specific information on Hodleltd withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Hodleltd minimum deposit is not available for traders.
As for the payment methods, there is not to discuss on that. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Hodleltd Platform
Hodleltd claims to offer Web Based Trader and MT5 (Industry standard trading platform), however, the option of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, the broker leaves us empty. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Hodleltd Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
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Conclusion: Is hodleltd.com a Reliable Broker?
No, hodleltd.com does not seem like a reliable broker for traders even though it promises offers that look good to be true. The broker seems not to be interested in providing relevant info that are needed for trading. Indeed, you will not want to waste your money on such FX broker.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
We owe our readers the duty to fish out scam forex brokers as well as share reasons to avoid fraudulent schemes. Now, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
