Hovarotrade - the story of another black broker

The current realities regarding the work of brokerage companies are sad, because 99% of these firms are illegal and are engaged in brazen fraud. Finding a worthy broker is now incredibly difficult, because everyone knows how to offer and talk about themselves beautifully, convincingly, only from a profitable side, which captivates beginners. Yes, yes, it is precisely because of the beautiful stories of fake brokers that many ordinary people suffer and, for a huge number of citizens, cooperation with the Hovarotrade office has become a real confirmation of this. This brokerage company, trying to attract the attention of clients as much as possible, offered tariffs for passive investment and accounts for active traders, but this did not save it from negative reviews, and also did not allow it to hide the brazen deception of Hovarotrade. The broker has been operating for less than a year and is focused on divorce of the Russian-speaking population, so it is better to stay away from this company.

Overview of the offers of the office - what attracts the attention of customers here

Having opened the English-language website of a brokerage company, many may immediately think that it is solid and really reliable, but you should not rush to conclusions. A review of Hovarotrade shows that the creators of the office are trying to jump beyond their capabilities, just to attract the attention of the maximum number of people, promising users the following:

• users are guaranteed complete financial security on the site;
• training on the site can be completed in different formats, it will be effective and efficient;
• users can take relevant courses at the trading academy or learn from accessible and understandable videos submitted in video format;
• with the best economic calendars, users will be able to work on the site for free;
• clients were presented with 4 tariffs for passive investment and the same number of profiles for active trading;
• the minimum investment is $500, the minimum deposit for active traders is $350;

• the welcome bonus for regular accounts reaches 75%, in one of the profiles its size is set individually;
• the site presents a huge variety of payment systems, which will allow you to withdraw funds from Hovarotrade quickly and safely;
• users will be able to receive reviews of financial markets and high-quality analytics from experts daily;
• statistics of leaders on trading transactions and payments made on the site is carried out in real time;
• trading is available both from computers and mobile devices.

There are really a lot of offers for clients at the office, but this clearly does not become a sign of its solidity, security and complete transparency. As practice shows, offering everything at once, the broker attracts the attention of gullible newcomers who have only recently come to the markets, and then robs them, after which numerous negative reviews about Hovarotrade appear on the network.

The realities of the broker Hovarotrade - unpleasant facts about the company

It is not as easy to see problems and tricks in the work of this office as it might seem, especially if a beginner works with it. But still, if you take enough time to check this company, you can confirm the Hovarotrade fraud, displayed in the following facts:

• study of the proposals of the project and the specifics of its work make it possible to understand that the work of the office is focused on Russian people, but it does not have a license from the local regulator;
• on the company's website, the legal address is not real, because a large shopping center is located on it;
• in the list of payment systems of the site, you can find those that are beneficial only for Russians, respectively, the global nature of the broker and its presence in European markets is out of the question;
• the legal section of the site is filled with ridiculous answers to possible questions from users, there are no copies of documentation confirming registration and the right to provide financial services;
• agreements where the terms of cooperation are clearly presented were not presented to users, and the Privacy Policy contains a minimum of useful information;

• there is no up-to-date information about the owner of the company, as well as the developers of the platform and the source of liquidity.

On this site, everything is incomprehensible and secretive, which allows you to guess about the fraudulent intentions of the office, avoiding cooperation with scammers. The office has no documents and work permit, serves clients for less than a year, without providing high-quality feedback, it definitely cannot be reliable.

Information about the site of another sharashkin office

Checking the intermediary office for transparency of work and the availability of official documents gave a disappointing result, which already allows us to classify the company as unreliable. An additional check of the domain data, during a complete review of the official website of Hovarotrade, also allowed us to find out such important information:

• address of the dealing center in the network - https://hovarotrade.com/;
• data about the office regarding the time of registration of its website - the resource was created in 2021 on May 19;
• the owner of the project and current information about it - information is not available;
• contacts and communication with the brokerage company - to the attention of traders and investors, the platform presented an internal communication form, chat, office address (not real), international phone number +15205856151, e-mail [email protected].

The creators of this office promise customers feedback around the clock, but there is no trace of it here, because no one is going to communicate with deceived traders.

What do customers think about Hovarotrade

High-quality monitoring of data about this broker made it possible to understand that reviews about Hovarotrade are mostly negative, because the office is illegal, and there is not the slightest hint of payments here.

An illegal broker has been operating for less than a year, hides information about its real location and leaders as much as possible, does not have a license from the Central Bank, and therefore it is dangerous to work with it, because you can lose all your money.

List of sources used

In the process of writing this review, information was used from the official website of the company in question, additional data was obtained from the sites google com, rating-market com, infoscam ru, whois-service ru.