Sharefounders Forex Broker Review 2020 | Scam or Not?

Sharefounders broker - full Sharefounders review and necessary information

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2019-11-26 20:59:00

Share Founders is a Forex brokerage based in Hong Kong. It provides the MetaTrader trading platform and a attractive spread of just 1.5 pip on EUR/USD.

 

Sharefounders

1. What is ShareFounders?

ShareFounders is a new offshore MT4 Forex broker, that originally opened in April 2019.

They are owned by a company called: Bitrix Tech Limited, with reg num 2896674. Their PO Box is at: Unit 1411, 14th Floor, Cosco Tower, 183 Queen’s Road Central, Sheung Wan, Hong Kong. Contact phone number is United Kingdom: +442894548782. Customer support email is: support@Sharefounders.net. Official website is: https://www.ShareFounders.net/.

 

Share Founders is presented as a progressive global forex brokerage operating out of Hong Kong. They offer the account types listed above and access to the industry leading MetaTrader platform. The company is registered under the name Bitrix Tech Limited in Hong Kong. ShareFounders is a forex broker managed and owned by Bitrix Tech Limited, with the registration number 2896674. Bitrix uses sharefounders.net as their domain. The goal of this brokerage is to empower amateur and professional traders to trade in global financial markets.

Sharefounders review

Sharefounders use modern technology to advance their trading platforms. They allow trading with a wide range of instruments. Additionally, they have a transparent policy, allowing easy deposit and withdrawal options. They want to prove their credibility in this competitive field. We will discuss the payment perks below.

 

As they are all experienced traders, they created the ease of trading. By allowing investors to create and improve their trading strategies on the MT4, traders have full freedom. Plus, you will receive assistance from a professional financial advisors and analysts. In the end you are free to move the assets as you wish. Best traders gain experience through rises and falls.

 

Our review of ShareFounders finds that they are offering their investors and day traders the classic MT4 (Meta Trader 4) CFDs trading app. You will find the desktop MT4, along with the webtrader, and the basic MT mobile app for Android & iOS. You will be able to create demo trading account to play with the software and practice your trading strategy.

 

They offer a wide variety of assets to trade including 50 Forex / Currency pairs, Commodities (oil, gold, silver), Indices and CFDs for shares trading. Standard leverage available is 1:300. Usually the maximum leverage offered is 1:300. Minimum deposit requirement for a new trading account is $250.

 

We detected that you can get bonus money to your account, but it is important to understand that company has own rules for bonus providing.

ShareFounders Review of Account Types

broker review

ShareFounders provides for you four different account types in 2020: Bronze, Silver, Gold, and Platinum. Let’s analyze what perks they have.

Bronze account

The bronze account oriented specially for new users with a $250 minimum deposit. Main specification:
●    From 2.8 pips
●    Commissions: No
●    Execution: STP, Market, No requotes
●    Leverage: 1:300
●    Trading terminal: MetaTrader
●    Account Currency: USD
●    Symbols: 50 currency pairs,
●    45+ CFD
●    Trade size: from 0,01 up to 50 lots
●    Amount of open positions: Unlimited
●    Stop Out Levels: 5%
●    Personal account manager: Yes
●    Scalping: Allowed
●    News Trading: Allowed
●    Expert Advisors: No

 

 

Silver account

The silver account is aimed at traders who already have some experience, but want to test the platform first. The minimum deposit is $2000. There you have:
●    Spreads: From 2.5 pips
●    Commissions: No
●    Execution: STP, Market, No requotes
●    Leverage: 1:300
●    Trading terminal: MetaTrader
●    Account Currency: USD
●    Symbols: 50 currency pairs,
●    45+ CFD
●    Trade size: from 0,01 up to 50 lots
●    Amount of open positions: Unlimited
●    Stop Out Levels: 5%
●    Personal account manager: Yes
●    Scalping: Allowed
●    News Trading: Allowed
●    Expert Advisors: Yes

 

 

Gold account

Gold is for traders who have tested the platform and wish to begin trading seriously. The minimum deposit is $10,000. Its includes:
●    Spreads: From 1.5 pips
●    Commissions: No
●    Execution: STP, Market, No requotes
●    Leverage: 1:300
●    Trading terminal: MetaTrader
●    Account Currency: USD
●    Symbols: 50 currency pairs,
●    45+ CFD
●    Trade size: from 0,01 up to 50 lots
●    Amount of open positions: Unlimited
●    Stop Out Levels: 5%
●    Personal account manager: Yes
●    Scalping: Allowed
●    News Trading: Allowed
●    Expert Advisors: Yes

 

 

Platinum account

As you could have guessed, the platinum account is oriented for confident investors. If you are ready to move big numbers and make large profits, this one is for you. The minimum deposit is $50,000. The perks are:
●    Spreads: From 0.1 pips
●    Commissions: No
●    Execution: STP, Market, No requotes
●    Leverage: 1:300
●    Trading terminal: MetaTrader
●    Account Currency: USD
●    Symbols: 50 currency pairs,
●    45+ CFD
●    Trade size: from 0,01 up to 50 lots
●    Amount of open positions: Unlimited
●    Stop Out Levels: 5%
●    Personal account manager: Yes
●    Scalping: Allowed
●    News Trading: Allowed
●    Expert Advisors: Yes

 

 

Sharefounder broker review

Today, brokerage companies offer various conditions to their customers and choosing a broker, a trader shall take a careful look on their personal preferences. Moreover, each brokerage company has its own advantages and disadvantages. A novice trader, not having enough experience, can easily get confused in the mass of advertising promises with which literally every site offering corresponding services is filled.

Is sharefounders scam

Why do you need a Sharefounders review broker for a trader?

The most important functions of a broker allow trader to access the market with no certain limitations:

• registration on Forex exchange;

• collection and systematization of information about the market situation;

• market orders placement;

• accounting of funds of the trader and reporting to the trader.

In addition, the broker offers the trader a leverage, provides software and support services, as well as much more.

 

What to look for when choosing a sharefounders review broker?

Naturally, brokers do not provide their services for free. Their payment may take the form of a spread, commission from transactions, or both. But in addition to honestly working intermediaries, there are enough scammers in this business who are interested in draining a deposit by a trader or even in disappearing with invested money. Therefore, of all the qualities of a brokerage company, reliability is paramount. As for Sharefounders, they do not have any commissions for traders, only spreads.

 

ShareFounders Advantages

 

Industry-leading platform

 

As was mentioned already, Share Founders uses the popular MetaTrader 4 (MT4) as trading platform. This fully-featured software is known for its ease of use, large number of options, top-notch charting and technical analysis tools. This stable and reliable platform offers API connectivity, multiple types of orders, as well as Expert Advisors for automated trading.

 

Generous leverage

 

The leverage is financial assistance to a private trader who enters the market via a broker. The leverage allows increasing the size of the trading lot at the expense of the broker. The size of the shoulder can be different, from 1: 2 to 1: 1000.

Leveraged trading has existed on the market for many years; it is a proven form of cooperation with broker and trader. But the trader should remember the trading with leverage results in the risk of losing money. You can find some mentions that traders had used the leverage, didn’t manage to analyze the situation, lost their money because of that and then claiming Sharefounders scammers (or any other broker they worked with). In some countries, the leverage is limited; for example, in the Russian Federation, it shall be no more than 1:50. But at the same time, trading with leverage can be much more profitable, even though it has high risk of loss.

As for Sharefounders, their offer provides the generous leverage reaching 1:300. Such levels will suit almost all brokers out there, and yet caution is recommended. As most of you probably know, leverage has a negative side to it – the higher the level use, the greater the risk of loss.

 

Payment Options with Broker

To deposit on real accounts, you can use debit and credit cards, as well as bank wires. The money will become available on your account according to the payment cycles of the chosen mode. Bank wire transfer can take up to several days for the funds to appear on your account. There are no additional fees for wire transfers except for something. However, credit cards and debit cards might need a 2.5% fee but the money appears on your account almost instantly. Overall, all of the reviews include this as a standard of the industry.

You have multiple options for withdrawal as well. You will be able to choose from the options once you request withdrawal. The time varies with different options, from several hours to several days.

Additionally, ShareFounders mentioned some things to keep in mind when withdrawing in 2020:

As you could have guessed, our ShareFounders review of billing orpions left a very good impression with us. There are enough options to choose from.

 

Additional Advantages of ShareFounders

ShareFounders has an Introducing Broker program which allows you to make money by bringing clients to the platform. Meaning, you can sign up to be an Introducing Broker client if you are: an independent financial advisor, website owner, blogger, or a trader with a keen interest in the Forex industry. 2020 review of ShareFounders advantages proved that their bonus system is created for real traders and financial professionals. When some of your readers or partners join Sharefounders and start thading, you’re starting to receive a part of their income as a profit.

Auto Trading Apps

New & inexperienced users are usually turned onto investing by a trading app. The problem with trading apps is, that most of them don’t make money, and you lose your investment fast. Take a few minutes and learn more on the pitfalls of using an automated trading app.

 

There are hundreds of Forex robots available online. The problem is finding a legitimate trading robot, and not falling for one of the many “Get Rich Quick” scam systems.

Here is what you need to do, to properly compare automated trading software.

Many robot providers like to claim they have trading results with 90% accuracy.

The truth is, 90% results may rarely happen when the robot is on a winning streak, but a losing streak of only 40% success rates will wipe out your trading account quickly.

The terms high frequency trading, algorithms, and automated trading are thrown around Wall Street like they are no big deal. When a Wall Street firm builds a trading system, it is designed by stock market analysts and then back tested to near perfection before it goes live.

The majority of Forex robots give us no idea what the robot is programmed to do. So you should necessarily learn all option app includes before starting using it.

Even so, there’s still a chance to find some interesting algorithm for trading. Sharefounders forex platform allows you to use it with no limitations.

 

Compare Brokers

 

Try a Demo Account

There are so many offshore Forex brokers to compare, and many investors are confused which broker to use. Smart investors always demo trade with at two brokers, before making an initial deposit. So later you can pick up the one you like more or to continue use both of them, if you wish.

Share Founders trading software

The brokerage does provide the MetaTrader 4 trading platform which is something we always consider advantageous for potential clients since the MT4 is among the foremost trading terminals in Forex trading at the moment, close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). There is also an available test-drive which is a nice surprise. We do see a wide range of trading options, however, the spread for the most basic account exceeds the industry average at 2.8 pips and is quite unfavorable for interested traders.

Potential clients of the brokerage may deposit or withdraw via VISA and MasterCard, Bank wire, however, popular e-wallets are not available. While going through the brokers terms and conditions we couldn’t find anything unsettling. Payments both for deposit and withdrawal are processed fast, and support is ready to help with every situation during the process.

 

Is ShareFounders Scam?

 

The forex market works according to established rules and laws. These laws include the official statutes and regulations, and the internal rules for brokers; you can learn more about them reading the Sharefounders broker reviews.

Legal regulation of the forex market is a complex issue. Due to the different approaches to finance and taxation in different countries, the rules of work that are legal in one country can be a severe violation in other countries. That’s why it’s not so easy to start trading with certain broker.

Hong Kong jurisdiction allows Sharefounders to act legally in the worldwide financial system, providing services to traders around the globe. You still need to check the information about your local laws, especially related to taxes, in order not to name Sharefounders scam or violate any of laws yourself.

How is global foreign exchange regulated

Over the last few years the foreign exchange market has undergone an exponential increase in brokers available to traders. Main reason for that was a new regulatory regime that removed some restrictions concerning the ways for investors to manage their money. Because the legal framework has changed, now firms all across the world like the Sharefounders forex can advertise and offer CFD trading to their clients.

Regulation is an integral part of the business because it assures a fair trading environment and works to limit the risk exposure of clients to illegally run brokers. You can often find info about them in the Sharefounders broker reviews. Clients work with Forex brokers that are regulated by the regulatory bodies. We have chosen the best Forex brokers available to Malaysian traders who are governed by the most prominent regulatory agencies around the world.

 

FAQ

Is ShareFounders Legit?

Yes, they are. Company owning the website is named Bitrix Tech Limited, registration number 2896674, Unit 1411, 14/Floor, Cosco Tower, 183 Queen's Road Central, Sheung Wan, Hong Kong. Bitrix Tech Limited operates the ShareFounders brand and uses the sharefounders.net domain.

 

What kind of assets does the broker offer?

You will gain access to the whole forex market, major, minor and cross, and exotic pairs. Plus, you will get access to major Indices, such as Dow Jones, NASDAQ, DAX, CAC, and more. Additionally, you can also trade commodities with ShareFounders, mainly highly valuable metals.

ShareFounders also give you access to worldwide shares. So, you can choose any stock of your liking and invest in it. Futures are also available, giving you a chance to buy/sell an asset at a set price in the future. This is a great option for controlling your assets to the maximum extent.

All of these options are available on the MT4 platform. According to the broker, these are the advantages of trading on the biggest platform in the world:

 

You can trade on the MT4 terminal, mobile, web, and mac. Also, you can get access to the official guide for the platform. Hence, from the review we can see they give you one of the most flexible trading options.

 

Overall impressions for ShareFounders Broker

 

We are quite impressed with the services we discussed in this review that ShareFounders offers. They seem to have a solid range of account types, benefiting traders from most basic level to a professional level. Their money deposit and withdrawal methods are quite short, though proven in the industry. The IB program is also a huge advantage. Our final thoughts after reviewing Sharefounders left us satisfied for 2020 standards.

Their services are impressive, with 24/5 customer service, as well as professional financial advisors and analysts. Since the brokerage was founded by actual traders, we believe that they will provide the best quality imaginable.

ShareFounders has a lot to offer to professional and beginner traders. But you should keep on mind that  trading with any broker carries some level of risk.

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Damian

Damian

Author

I have been trading Forex for more than 5 years, mostly with manual and automatic trading. I set up advisors for round-the-clock automated trading. I'm sure I can help to establish your trading skills....

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Comments ()

  1. guest review Jason 10.01.2020
    On my Sharefounders experience: it was just fine. Nothing super-extraordinary, but everything is solid and works just fine. The don’t have a lot of praising broker reviews but I can assure you one can make money with them if he’s acting smart.
    1. guest review honor6547 12.01.2020
      I’m really glad I decided to give Sharefounders a chance. It happened to be a great place to earn profits with decent staff, especially support service.
      1. guest review kenny kors 16.01.2020
        Broker reviews on Sharefounders I’ve read previously were mixed at best, so I’ve decided to check them myself. Was pleasantly surprised — for now they look like a pretty decent way to make money without exorbitant promises and broker risks. All in all, I can recommend them to everyone, beginners especially.
        1. guest review Charlotte W. 21.01.2020
          At first I thought that ShareFounders are perfect, but they have their problems, don’t be mistaken. For one, the support service, how do I put it… it SUCKS. Hard. It’s easier to establish peace in Middle East than to get an answer from these dudes.
          1. guest review Isabella Z. 27.01.2020
            Why does the name of these ShareFounders guys keeps appearing? Are they hot? I’ve heard that they have a blast right now or smth, but didn’t work with them personally.
            1. guest review Marcus POr. 04.02.2020
              No, of course, if you want to find something for criticizing in ShareFounders, you can do that quite easily, but I don’t see the point of overpressuring this matter. They are OK.
              1. guest review Smith. 10.02.2020
                Ok, I’ve been with ShareFounders for like 3 month and ready to share my immeasurable wisdom! The truth is… they are average. Maybe a little above average, but still.
                1. guest review O'Kelly D. 17.02.2020
                  Yeah, ShareFounders, heard of ‘em a lot. They sound like a bunch of your typical broker enthusiasts with decent options, but no Jeff Bezos.
                  1. guest review Williams A. 23.02.2020
                    I don’t really have time for all that comparative mumbo-jumbo, I know just what I need to know – ShareFounders made me rich. That’s it, bye.
                    1. guest review Suse Tiedemann 27.02.2020
                      Sharefounders is the next best thing that ever happened to me right after meeting my fiancee. These guys are awesome
                      1. guest review Rocky Craig 04.03.2020
                        Trading intricacies aside, Sharefounders just looks very good when it comes to making money for their clients. I don't know what else you might want from a trader.
                        1. guest review Wade Middleton 10.03.2020
                          I'm interested to see how the broker world situation evolves from here on. My bet is brokers like Sharefounders are going to eventually top the wave, but for now it looks really unstable.
                          1. guest review Winton Harrett 2 16.03.2020
                            Playing around with trading might seem funny until you put your own hard-earned cash into it, after that it becomes really stressful. I'd advise to trust it to the professionals. Work of Sharefounders and other broker may seem complicated and risky but at least they know what they are doing
                            1. guest review Lucy Woolery 23.03.2020
                              Okay, so, I've joined Sharefounders as a client like a month ago and had mostly pleasurable experience since then; however, their customer care service could be a little more responsive.
                              1. guest review Vance G. 29.03.2020
                                To me Sharefounders has one distinct advantage — low entry level due to low deposit requirements. Just a beginner though so don’t take my word for granted.
                                1. guest review Walter A. 01.04.2020
                                  Okay, sooooo, I’ve got in contact with Sharefounders representative earlier this month and decided to start trading (for the first time in my life lol) after checking some broker reviews. I’m kind of a pessimist myself but these guys were a surprise — I’ve got some good profits.
                                  1. guest review Higgins V. 05.04.2020
                                    I’m trading for ten years now and switched to SHarefounders in October, and I must say I enjoy their performance yet. Suitable terms, no mess, good solid platform
                                    1. guest review Sykes S. 11.04.2020
                                      Got average results working with Sharefounders for three weeks. Dunno if I continue working with them.
                                      1. guest review Luke 19.04.2020
                                        Why is everyone so worried about the epidemic? Just think with your head and don;t panic, and trade like never before because we will never get so much chances later.
                                        1. guest review Cobie Palacios 27.04.2020
                                          Still working with Sharefounders, it's okay but I'd really like their customer care service to be a bit more responsive. I hate the waiting time. They're okay in other regards tho.
                                          1. guest review Lance Fieldene 02.05.2020
                                            I've got a call from Sharefounders representative and was like meeeeeeeeeeeeeh, who cares about trading nowadays. But maybe I should give them a go since looks like they have quite an audience.
                                            1. guest review Hugo 09.05.2020
                                              I want to share my experience. I've started trading after the phone call, on my own, with almost no help and no advices, trying to work with charts.And I read all the articles from the net. It took me almost two months and my entire deposit to realize that it's not the way it should be done. You really need a mentor, a helper, someone with at least two drops of personal experience in trading to know false from right, otherwise you'll never learn anything useful. After that I've left my previous broker for this one, and it's much better because I also work with two separate signal providers. I don't even need additional tools at platform itself since I get almost 60% successful trades and it's ok for me.
                                              1. guest review Gabriel 14.05.2020
                                                Traded with Sharefounders for last 10 months. Like it really. Good terms and nice client service. I'm on Silver account and I think it's enough for every type of trading even if Gold has less spread
                                                1. guest review Brian Ramsay 21.05.2020
                                                  The amount of hype Sharefounders is getting is totally out-of-corellation with their actual wow-factor; I mean, if you just look into them, you will not find anything too bad, they work as a normal broker and that's it. Well, maybe that’s just what you need, a poster of a broker world, that can acutely represent what they are.
                                                  1. guest review Griffin Boyer 30.05.2020
                                                    So, after a long and fruitful conversation with a Sharefounders representative I’m now ready to begin cooperating with them. a bit worried, because that would me my first trading experience, but you have to start somewhere, right? Wish me luck! Oh, and if anyone has any good advices, those would be much appreciated too!
                                                    1. guest review Aaran Randolph 05.06.2020
                                                      I was sitting in my chair yesterday and thinking about this trading thing. some of my friends are really into all this and they tell me to go get a broker (I think they were talking about Sharefounders) and start trading, but I’m really not sure if it would be right for me. Is it a reliable way to increase your income, folks?
                                                      1. guest review Milo Sinclair 11.06.2020
                                                        Who would have thought about a year ago that I would become a succesful trader with Sharefounders. not me, that’s for sure, I could never imagine myself in this position.
                                                        1. guest review Riaz Bonner 17.06.2020
                                                          Sometimes I give my trading activities a deep thought and try to point out what exact factor was the backbone of my success; well, the answer is complex, but one of the main factors would surely be working with Sharefounders. Those guys work miracles.
                                                          1. guest review Ameer Pate 22.06.2020
                                                            Sharefounders is okay if youre looking for someone to help you learn the beginning steps in trading, otherwise I'd look for a broker with more special features. They're just plain and simple, so don't expect much from cooperation.
                                                            1. guest review Hubert Cook 27.06.2020
                                                              There's honestly not much you can say on account of Sharefounders. If you like using Meta and do not mind waiting for a couple of days (not always) to get your withdrawals they might be your piece of pie. Otherwise nothing makes them stick out among others.
                                                              1. guest review Brooks F. 01.07.2020
                                                                My bonsai tree had grown three meters high while I was withdrawing my money from Sharefounders. I’m kidding ofc (it was more like three days) but really, guys, speed it up. They have a list of necessary docs for verification and it takes a lot of time.
                                                                1. guest review William 09.07.2020
                                                                  Managed to earn some despite the corona start. Nice guys.
                                                                  1. guest review Shackley D. 16.07.2020
                                                                    I don’t really like Sharefounders’s sence of using Metatrader 4 only; it’s a nice terminal but I like my options open.
                                                                    1. guest review Turner Michael 21.07.2020
                                                                      Holy moly, this season with Sharefounders was extremely successful for me. Looking forward to work with them again.
                                                                      1. guest review McGee 30.07.2020
                                                                        If you're looking for a broker with some elaborate scheme of operations, multitude of options and stuff like that, you can skip this company. Otherwise, you might wanna check them, I've found them to be really good for me.
                                                                        1. guest review Jenkins 03.08.2020
                                                                          There's nothing really typical about this broker. To me it seems like they prefer to forge their own way among the competitors and are making really good job of it. They also have some really interesting options for beginners, so make sure not to miss them.
                                                                          1. guest review Rolf Rodgers 09.08.2020
                                                                            Tactics this company implements can seem strange to some people, but believe me, they work better than you might expect. Anyway, they do good and my profits are high and stable.
                                                                            1. guest review Conrad Shaw 13.08.2020
                                                                              I'm not a big fan of trading, but this broker company has turned my point of view somewhat (their managers are really persuasive). Maybe there's something to it, I guess I'll see it in the nearest future.
                                                                              1. guest review Joshua H. 15.08.2020
                                                                                I'm basically still not sure if trading is right for me, to be honest. Everything looks quite promising up to this point though, and this broker has already impressed me a lot with professionalism and great terms. I hope the cooperation will continue like that.
                                                                                1. guest review Ethan McLaughlin 20.08.2020
                                                                                  I cant tell you how many times I've felt that my funds are being uselessly wasted by a lousy broker before I encountered this company. With them, my financial situation began to brighten really fast, and I'm planning on cooperating with them as long as possible.
                                                                                  1. guest review Rimus 26.08.2020
                                                                                    I have swapped a lot of broker companies during my career. These guys are among the best of them, maybe the best, even. You just can't beat their terms and the professionalism of their customer support team.
                                                                                    1. guest review J. Sparks 29.08.2020
                                                                                      This broker company will be really good for you if you understand your own business. What you guys need to realize is that your success is based more upon your own skills and less upon the broker you choose. In case you know how to trade this company will do great for you.