Ukrainian Scam: Review of the Investment Platform Hug’s and Feedback from Defrauded Investors
Review of the official website of the Hug’s project
The company Hug’s, which appeared on the market in 2018, is a new startup with attractive investment offers. The official website hugs.fund, though designed in bright colors, raises some doubts among potential investors. The lack of textual blocks and an excess of infographics give the impression of a not entirely serious company. The website claims that more than 200 clients have already entrusted their savings to the Hug’s project, but this statement raises doubts considering the small number of reviews online. It should also be noted that the official website is only available in Ukrainian, which may be a disadvantage for potential foreign investors.
What is known about the company “Hug’s” at the moment?
Hug’s is an investment platform that automatically manages investment portfolios. The project’s inspirer is Eric Neiman, the author of educational materials and managing partner of Capital Times. Despite claims to have adopted the experience of successful American platforms, the company does not share important data with potential investors. The official website has a license from the National Securities and Stock Market Commission, but at the same time, there was a ban on advertising in 2018. The lack of written consent from Eric Neiman to use his photo also raises questions.
Trading conditions offered by the scam project Hug’s
The Hug’s platform offers investments in major asset classes, such as shares of the largest American companies, government bonds, real estate, and gold. The company charges a commission of 12% of the total profit, and the minimum deposit amount is 120,000 hryvnias. The recommended investment period is 3 years.
Registration on the official website hugs.fund: a review of the procedure
To register on the Hug’s platform, you need to open an account with the American broker Interactive Brokers, providing the necessary documents. The registration process takes about an hour. For clients with an already opened account at Interactive Brokers, additional actions are provided to connect to the Hug’s project.
How is the technical support of the company “Hug’s” organized?
The hugs.fund website provides contact information for technical support, including a feedback form, phone numbers, and email. The company claims to have round-the-clock support, but in reality, operator responses may be delayed or absent. The company’s headquarters address is indicated on the website, but its confirmation in the network raises doubts. Despite the activity on social media, the level of subscriber engagement remains low.
Review of reviews about the pseudo-investment platform Hug’s
Despite the lack of a significant number of reviews, it is worth noting that the company Hug’s raises distrust among potential investors. Existing clients are forced to fight for their funds, facing problems with withdrawals and a lack of transparency in the company’s operations.
Summing up the review of the scam project “Hug’s”
The company Hug’s, despite having a license, raises suspicions with its activities. Insufficient information on the official website, problems with technical support, and customer reviews make cooperation with this platform risky. Caution should be exercised and investing in the Hug’s project should be avoided.