There are too many brokers out there who want nothing more than to scam the good people. Unfortunately, more and more beginners fall into their traps. Before using a broker to invest your money by trading online, it is essential that you check all the information about that particular broker.
This is why you should make sure you know everything about Herdos.com before you decide to sign up on their site and invest your savings.
Herdos.com is an offshore site based in the Macau tax haven. It is known for being a broker that offers forex and CFD services, with a good availability of cryptocurrency pairs to trade online with.
By checking the Herdos.com website, we found that their address, phone number and email address are real. However, this is the only information we were able to find about the broker.
No other information available. No information about the founders of the broker, the founding date of the financial intermediary or any other essential information for any broker. This is the first sign that there is something wrong with this broker.
Is it registered and regulated?
The only important thing you should make sure is that the broker you choose to trade online is registered and regulated. You cannot use a broker that is not registered or regulated, or rather, you can do so, but at your own risk. Unfortunately, Herdos is neither registered nor regulated.
They are not registered internationally, which means that it is really risky to use them as a broker to trade online. And as it is an offshore broker, this makes it even more dangerous to use.
A broker must be registered to be regulated. Being regulated means that there is someone who makes sure that brokers are trustworthy and that their trading conditions are standard. Since Herdos is not registered, it is not even regulated.
Account information and minimum deposit required
It is important to know all about the different types of accounts that a broker can offer its users. This way you can choose what best suits your needs by selecting the right account for you. Herdos.com offers five different accounts to choose from. You can choose between Basic, Bronze, Silver, Gold and Platinum.
For each account you need to pay a certain minimum deposit to start trading. The minimum deposit required starts at $ 1.000 for the Basic account and goes up to $ 100.000 for the Platinum account.
This is a lot of money to pay for a broker who is not even registered and is based offshore. There are other brokers who ask for a deposit much less than the $ 1.000 you have to pay with Herdos, such as brokers who work with Bitcoin Up and ask for a minimum deposit of only $ 250.
It's very easy to create an account with Bitcoin Up. All you need to do is follow these steps:
The platform used for trading
One of the many problems encountered with the Herdos.com site is the platform they offer for trading. This is certainly not the best platform on the market and it is certainly not a platform that most traders are used to.
Most traders know MT4 and MT5 trading platforms. Herdos.com does not offer this platform and this can be a real problem for most traders. It is important to make sure that you are using a platform you know and can trust before trading online.
Do they offer a bonus to traders who sign up?
Something new traders might find interesting is that they offer a bonus. This might sound interesting if you are interested in registering with Herdos.com. However, before doing so, make sure you know the terms and conditions for claiming the "infamous" bonus.
The bonus is offered with very little emphasis on its condition, with very small print that you need to read well and fully understand before getting aroused. You have to trade 30 times your initial deposit before you can withdraw your money from the account. This means that if you deposit $ 1000, you have to trade $ 30 before you can withdraw your money. Virtually impossible!
No trading information available
All registered, regulated and trusted brokers offer trading information which the user is encouraged to read and understand before registering on their website. Trading information which basically gives you all the rules and regulations about trading with the specific brokers.
No trading information is available with Herdos.com. It means that if you don't know the trading rules and regulations you are lost. And you won't know, even after signing up and paying that huge deposit to open a new account. All they give you is the trading platform and the interface is a bit confusing
What do regulators say about the broker?
There is no regulator that recommends using the Herdos broker to traders. Indeed, many warn against its use. There are also some regulatory authorities who have issued official notices. So, this means it will be risky to use it as a broker. You should take a regulator seriously who warns against a broker. They are the ones who conduct research and know which brokers can be trusted and which cannot.
When it comes to brokers, it is essential to take the time and make sure you can trust the financial trader you intend to use. With Herdos.com there are too many irregularities and too many unanswered questions. They are not registered, they are not regulated and they ask for a huge amount of money as a deposit to open an account. This is not a broker that can be trusted and it is not recommended to use it. There are many other better and more reliable brokers on the market that you can use, such as the ones they partner with Bitcoin Up just to name one.
You can access the website of Bitcoin Up and start trading by clicking the button below.
Is Herdos reliable?
Herdos is a broker that was advertised to make huge profits for their investors. It is a common and well known scam and you shouldn't trust it.
Is there a platform similar to Herdos?
There are many platforms similar to Herdos. In fact, there are even better ones. You can find them listed here in this review.
I was scammed by Herdos. What can I do now?
We are very sorry to hear that. What you can do is try one of those platforms that we list on our website to try to make money from your losses.