Fraudsters’ practice is to hide deal terms for individual deception and money extortion from users. HB Capital Partners company is no exception to this rule. Initial reviews indicate that the company operates a standard scam scheme, aimed at making profits with other people’s funds. In this review, we will thoroughly analyze the results of the company’s legal document verification and examine information about the commercial services offered.
Company Profile
HB Capital Partners positions itself as a broker with numerous awards, whose success is based on customer satisfaction. The company claims to have 12,300 traders using its services, with an average profit increase of 35%.
The contact information provides an office address in Scotland and an email for communication, but there is no direct support availability. User reviews indicate that accessing technical support in case of issues is impossible.
The website platform does not specify the project creation date, but through the specialized whois service, it was found that hb-capitals.com has been active since late November 2022, though the site was non-functional initially. Support for the offer began after the web resource update in January of the current year.
Legal Information Verification
HB Capital Partners claims to comply with laws and has obtained all necessary approvals from regulators. The company is operated by HB Capital Partners (UK) Ltd, registered in the UK under number 770902. This company indeed exists and holds a license from the local regulator (FCA).
However, it should be noted that the actual broker has no connection with the subject described here. The official website hb-capitalpartners.com:
Fraudulent company HB Capital Partners used real financial organization information to create an appearance of reliability and deceive potential clients.
Traders from Russia, Kazakhstan, and Belarus should be extremely cautious. Russian-speaking reviews online and the presence of Russian-language content indicate the pseudo-broker’s activities in CIS countries without legal grounds. Be vigilant as anyone can fall victim to scams.
Considering the absence of legal documentation from this company, there are no guarantees that regulators may take any actions. Caution is advised. Over time, HB Capital Partners may end up on the blacklist of authorized entities. However, by that time, the number of defrauded investors could be significant.
Cooperation Proposal
HB Capital Partners decided not to provide a detailed description of trading opportunities and entry thresholds on its platform. The pseudo-broker’s website looks full-fledged but is actually a typical single-page platform. Among the available services, the following are worth mentioning:
- No demo account for practice,
- Funds stored in separate accounts,
- Quick trade executions,
- Proprietary trading platform,
- Potential for margin trading (leverage size not disclosed),
- Access to CFD trading (no instrument list indicated),
- ECN access to exchanges (NYSE, ARCA, BATS, etc.),
- Algorithmic trading.
The company does not disclose information regarding fund deposits/withdrawals, commission costs, and available payment methods. Based on reviews, the platform solely functions for depositing funds.
User Reviews
Reviews about the company have recently started appearing, but it’s sufficient to understand that HB Capital Partners seeks to further deceive clients and extract money.
Everyone can participate in discussions and voice their opinions on this pseudo-broker’s operations. Reviews can be submitted via a special form on the company’s website.
Fraud Methods
HB Capital Partners intentionally conceals cooperation terms to manipulate potential clients personally and utilize psychological pressure. Scammers may present both successful and losing deals depending on their objectives. In an attempt to attract large investments, they may demonstrate high trading profits in financial markets; then, if a client refuses to add new funds, they may deprive them of all money or accuse them of violating agreements and block the account.
Conclusions
HB Capital Partners is not expected to be a reliable financial partner, acting honestly and supporting clients’ capital growth. This company pursues only selfish goals and is willing to resort to any tricks to achieve them. The sensible decision is to avoid contact with them and choose a genuinely reliable broker who has proven their trustworthiness and honesty.
