|Owner:||Share Oracle Ltd|
|Address:||Cnr Old and Church Street, P.O. Box 2290, Roseau, Commonwealth of Dominica|
|Warning:||We Recommend to avoid this broker who doesn’t have regulated licenses.|
Shift Holdings isn’t what you think. We are going to detail what makes this broker a scam. All of our reviews are based on research carried out by professionals.
This is the most important point that a broker must have, a regulated license. A broker regardless of the country where he offers trading must have a regulated license. In Europe each country has its own regulations, the same for Australia (ASIC) and the United States (CFTC). Shift Holdings does not have any regulated licenses while offering trading to Europe,USA and Australia. This is a strong indicator that it is a scam.
This is often the case with fraudulent brokers. It uses a license from a regulated company (they almost have the same name) or gives a license number that isn’t valid. Also pay attention to licenses that come from offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines but isn’t just these fraudulent countries, there are several.
It’s a broker based in an offshore country for financial services. Take the example of Shift Holdings who is based in St. Vincent and Grenadines, it’s a country that has a license but it doesn’t allow financial services to be offered in another country. Many brokers use this type of license to defraud people who are new to trading.
Shift Holdings has an address for his offices but by checking, no company is located at this address. Either there is no office or it’s just a bogus address like 90% of scammers.
Get a free consultation now from MyChargeBack to get your money back !
If you are a victim of this broker, you must complete the file below or use the online chat if the amount lost is greater than $5,000 to be put in direct contact. Your chances will depend on several things like payment history, method of payment. Each file is different but MyChargeBack knows all the procedures to speed up your file. If you want to know more about the procedure, click here.
We can confirm that Shift Holdings is a scam that doesn’t have regulated licenses and therefore isn’t a reliable broker. We advise you to see with your bank what it’s possible to do or if you want to directly use a online recovery service, complete the form below.
It’s important to us that you let us know your experience with this broker and it may help other people to avoid being cheated. We get a lot of threats from fraudulent brokers who don’t want us to tell the truth. We will continue to act despite all of this.
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