You may have seen Hedgestone taking the lead of late if you have been researching binary option scam robots. This is because this broker was created with that sole reason, to cater to scam software. At this point, finding quality reviews of this broker is nearly impossible because they are putting in a LOT of money into marketing. You will find that none of the positive reviews actually have comments open, or simply have no comments at all. This isn’t because people are not getting robbed by them, no, this is because all comments are controlled. The more they lure people into signing up with this scam broker, the more money they will make. Period.
I have read into and searched every single forum, site, review, and searched every form of contact they have provided and am far from convinced that this is a broker that should be trusted. In fact, I highly recommend you skip over and continue to a broker that has been around a bit longer, has a real physical address, and an actual phone that is not connected to numerous scam calls.
Honestly, I think it’s pretty clear, this is a broker to trade stocks commodities. They are usually offered by as the “recommended” broker by numerous scam software websites such as the many Method scams such as the London Method, Aussie Method, Canuck Method, and more. It has also been connected to other scams such as the Quantum Code, and a bunch more. All in all, they don’t really seek out their own traders or do proper marketing to attract real traders, their goal is to lure people that have zero experience with trading and binary options so as to not get caught in their game.
A quick look at the website clearly shows that it doesn’t really get that much attention. There is no real-time information of the markets, there is very little in terms of literature or information on trading or the broker itself, overall, it’s just a completely effortless website that claims to be a broker.
I decided to see how in tune they are with the current markets and in general how well they keep their traders updated. Well, needless to say, I was rather disappointed.
They not only lack in Daily Market News, which, if you ask me should be more like hourly rather than daily, but their blog is pathetic. I know this isn’t the most important thing, but I have taken steps away from judging their system and their platform as lately they all seem to be using the same thing. Finding out whether they are putting in the effort to offer you the services they claim is what’s important. If you are to invest money with them, what are you going to get in return?
See, there is very little to be trusted when it comes to the Hedgestone Group broker. I decided to look up some information on them, and honestly, there is zero. Aside from numerous paid positive reviews that do not allow comments, you will find nothing on them. Yes, they are registered (International Financial Services Commission of Belize), well, the company that they are operated by is registered, icon Markets Limited. The problem is, that guarantees nothing these days.
Interestingly enough, though they are not registered with The Manitoba Securities Commission in Canada, I did find some interesting information that the Icon Markets Limited is operated not only out of Belize, but out of Bulgaria as well. They claim to have UK, South Africa, and New Zealand phone numbers, but never mention anything in Bulgaria. This information is as of October 13, 2016.
So, I decided to look into some of the phone numbers. Turns out that the UK phone number that is provided is not really a physical phone from the UK but rather a re-routed number without a physical address. It’s a rented number, and in fact, the 0203 code in general are all this type of numbers and for the most part are used exclusively for scams. As it seems, in this case as well. You can read the full article here.
See, since I couldn’t find comments on any of the reviews as they are strictly controlled to prevent negative comments, I decided to look into comments on the phone number. There are pages of sites that offer information and the ability for people to complain. Many had the same complaints. Numerous calls from this number, harassing them to invest, after that, losing their money. You can see one of these sites HERE, but you can just as easily search the UK contact number and see the rest yourself.
Then I tackled the address. I mean, at least they have a physical address right? They can’t possibly be running a broker company from their home. They need people for this, to research, to work, and help you win right? Nope. There are actually a LOT of similar companies registered at the same 5 Cork Street, Belize address. It is, however, owned by the Orion Corporate & Trust Services Limited. I have tried time and again to actually see this address on a map, but it’s not coming up, at all. You can check further into the ownership of the address HERE.
The Orion Corporate & Trust Services website also features the 5 Cork Street as their address, and perhaps the only ones that do so honestly. See, the problem isn’t the fact that they have given their trust companies address as their own, the problem is that they have provided zero honest contact information. Now, tell me, how much contact information do they require from you when signing up? How about when you try and withdraw from a broker? Doesn’t that seem a bit one sided?
I know I haven’t provided any real experience proof of using this broker, but I think it’s safe to say that they really do not offer much. I mean, think about it. No real contact information, no ownership name, no real address, very little effort put into website and informing you about trading and the latest news, not to mention the incredible number of binary option scam websites linking and recommending this broker. These guys have been around for less than a year, if you really have your heart set on trying them out, give them a bit more time so you can see real trader experiences first. Don’t trust 100% positive reviews as they are all lies. I believe that the Hedgestone broker really is a scam, but you decide for yourself.