ShareFounders Review: Brutal Scam

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ShareFounders Review: Brutal Scam

ShareFounders ( is claiming to offer unrestricted access to the global financial markets. Share Founders is professing to offer high liquidity and multi payment options. With these selling points, unsuspecting investors have signed up without a taking a second look. The effects of signing up with an unknown platform are beginning to show. Most of the members are up in arms. Read this genuine and honest SHAREFOUNDERS Review for more.

ShareFounders Review

About ShareFounders

The platform claims to be a progressive global Forex brokerage firm founded by a team of experts. We immediately searched for the names of these experts but could not find them. It took a while to realize that ShareFounders is an anonymous online trading platform. No names of these elite founding members or staff members have been mentioned. And this is the reason why you should stay away from it. Anonymous online trading websites are a bad investment option.

Their about us page claims the platform offers competitive spreads and over 50 trading instruments. When it comes to their trading history, none has been mentioned. And this is proof we are dealing with a rotten platform with no legitimate trading history. Smart investors prefer to go for brokers with a reputable background. A smart way to stay ahead is to use recommended and top rated brokers who have a proven track record. Any other platform which is anonymous poses huge financial risks.

Assets Offered

ShareFounders is claiming to have over 50 trading instruments. Some of the assets mentioned include Currency pairs, energies, futures, indices, metals, and Shares. They claim to offer a secure transaction which is not the case. Most of the members are afraid that their accounts have been compromised. To make it worse, they claim their PC’s have been hijacked and their personal information stolen. And this is the case as ShareFounders is seen to be in league with third parties.

Business Owner

The disclaimer at the footer of their homepage shows Bitrix Tech Ltd is the owner. Disclaimer goes ahead and states that the company has its main offices in Hong Kong. These claims are false and just meant to throw off investors. The Hong Kong company register has no company registered under this name. Scam artists will do or say anything to make their platforms appear legit. And this is why we must put an end to their false information. Stay away from any platform which is operated by offshore brokers, deposits are never safe.

Domain Details of ShareFounders

According to the trusted domain register, Share Founders was recently created. The timestamp shows the website’s creation date was on 22nd April 2019. Sharefounders is not a year old and complaints have already started piling up. And this is why they have not posted any of their trading history. It is best to use products which are reliable as opposed to untested brokers. The best alternative is to use genuine and transparent Forex trading robots. With tested Forex trading robots, your safety is guaranteed at all times.

License and Registration of ShareFounders

When you look at their document’s page, there is no mention of any license and regulatory statement. And this is proof ShareFounders IS NOT LICENSED OR REGULATED to offer trading services. Any investor or trader who opens an account should know they are in for a shock. Unregulated platforms never comply with set industry regulations and rules. Once you deposit funds, expecting any compensation should be thrown out of the window.

Remember ShareFounders is an anonymous platform which is selling personal data. Hackers will take your personal details and apply for online loans. And this is why you should stay away from anonymous and unlicensed trading platforms.

Limitations of ShareFounders

Account Details

ShareFounders Account Types

ShareFounders is offering members with four account types. Accounts listed include Bronze, Silver, Gold, and Platinum. Features of these accounts are almost similar with all having leverage of 1:300. When it comes to execution, they offer STP with no requites. The trade size is 0.01 up to 50 pips with stop out level marked at 5 percent.

Account Managers

When it comes to account managers, these goons have hired call agents to act as personal managers. These managers have no trading experience and they call to ask for more deposits. Members who give control of their accounts are having a hard time as they get losses. These account managers have no trading experience and are just a roost to fool investors. Personal managers don’t have to call three to four times a day to request for more deposit. And this is what members are going through with this platform.

Contact and Customer Support

The contact info page reveals that the platform does not offer live chat. It is critical to have a platform that offers live chat. With live chat support, you are able to communicate effectively with agents. Share Founders is using emails and phone calls to contact members. The problem with this process is that they make the calls, not the other way round. Members are having a hard time trying to make contact as emails never get responded to on time. Phone number given is a virtual phone number which is ever busy.

Deposit and Withdrawal

When it comes to depositing funds, ShareFounders is using available channels for easy access. Members are depositing funds using Bank Transfer, Maestro, MasterCard, and Visa. These channels are available from any corner of the world. The problem with this platform is no one has been able to withdraw funds for the past one year. Since its inception, no one has been able to make any withdrawals which make it a scam. Stay away from such platforms as traders are filling the pockets of offshore brokers.

Trading Platform

ShareFounders is claiming to use MT4 trading platform. Even though this is the case, we still are against signing up. The only legitimate feature with Share Founders is the MT4 trading platform. MT4 trading platform is the best trading platform as it offers advanced tools and fast execution speeds. The problem with Share Founders is they are also using a web based platform which is not compatible with devices. Smartphone users cannot use their web based trading platform to trade on the go.

Safety of funds with ShareFounders

When it comes to safety of funds, ShareFounders is not guaranteeing it. The complaints have been from members who haven’t made any withdrawals. And this is proof deposits are not safe. Another damaging feature is segregation of accounts is missing from the platform. The platform has decided to pool funds in one account which is risky. Once the platform goes under, no member will be compensated. The platform does not also participate in a compensatory scheme. These are hard times for members of this platform.

Scam or legit

ShareFounders About the Platform

Evidence is clearly written on the wall that ShareFounders is a scam. Stay away from this illicit platform and never use any of their programs. Warn your family and friends from sharing their credit card information with people claiming to be personal managers. The platform is an offshore-based scam waiting to pounce on unsuspecting investors.

Bottom line

We have to add this platform to our scam blacklist and ensure no one else falls for this trap.

Wishing all investors a productive and safe trading experience.

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