Investment scams like Hosuleod.com pose serious risks, especially when scammers go to great lengths to fake legitimacy by presenting their website as a licensed and regulated service.
Read our detailed analysis to understand the risks and make informed decisions before investing.
Hosuleod.com Regulation and License
Hosuleod claims to be based in Austria and states that its jurisdiction is in Vanuatu, while also falsely claiming licenses from regulators in Cyprus, the UK, Australia, and Dubai.
The website links to fake regulator sites displaying credible-looking licenses for Hosuleod LTD. However, independent checks with these regulators confirm that Hosuleod is not licensed, including in Vanuatu. Authorities, like those in Russia, have blacklisted Hosuleod, warning that it is not an authorized financial service provider.
Hosuleod.com Platform
Hosuleod.com’s web-based trading platform raises red flags, especially since it requires a deposit before access. This, combined with the broker’s questionable credibility, suggests potential security and functionality issues.
For a safer and more reliable trading experience, consider MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are globally trusted for their advanced features and robust security, making them better choices for protecting your investments.
Hosuleod.com Minimum Deposit
Hosuleod’s minimum deposit for a starter account is quite high at 1,000 USD. In comparison, many top trading platforms offer fully functional accounts with deposits as low as 100 USD or even less.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Hosuleod.com Spreads
Hosuleod’s platform advertises a spread of 0.1 pip, suggesting that the broker may charge additional commissions.
However, Hosuleod lacks transparency, failing to provide details on key trading parameters, including the actual price paid by clients.
Hosuleod.com Payment Methods
Sole Ideas Limited, like many questionable brokers, restricts payment methods mostly to cryptocurrencies like Bitcoin, Ethereum, and USDT. While crypto offers near anonymity and irreversible transactions, this limited payment flexibility raises concerns.
In contrast, reputable brokers typically offer a wider range of payment options, including credit/debit cards, bank transfers, and e-wallets, which provide more convenience, security, and accessibility for diverse user preferences and financial needs.
Hosuleod.com Leverage
Hosuleod offers leverage up to 1:100, which exceeds the limits set by regulators in the jurisdictions where it claims to be licensed. This discrepancy is further evidence that Hosuleod is a scam.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Verdict:
Hosuleod is a clear scam. It falsely claims regulation, uses fake licenses, and has been blacklisted by authorities.
Additionally, the fact that it only accepts crypto payments further confirms its deceptive intentions. Avoid this platform at all costs.
Juliet