SixGroupTrust Review and Website Analysis

If a brokerage promises zero spreads, full support, educational materials, instant order execution, and many other advantages, it doesn’t necessarily mean it is safe and reliable. SixGroupTrust offers attractive conditions but cannot provide guarantees of trustworthiness, and there are very few reviews about the broker. If you’re wondering why this might be a scam, keep reading.

Brief Overview

• 🖥Official Website: sixgrouptrust.com
• ✈️Contact Address: Bremgartenstrasse 37, 3012 Bern
• 📞Customer Support: +41435087532, [email protected]
• 🔐Licensing and Accreditation: no
• ⏳Track Record: 2024
• 🧰Specialization: brokerage platform
• 🤝Terms of Cooperation: $10,000
• 💰Additional Services: education sessions, personal manager

Sixgrouptrust.com Examination

The official website of SixGroupTrust can be summarized with unnecessary expressions, pseudo-benefits, clichéd phrases, and a lack of unique and modern design. At the top of the page, you’ll find a standard menu with sections on pricing plans, information about the broker, contacts, and some trading conditions. There are buttons for account login and registration, but no option to change the language, so the site is only available in English.

The website is littered with errors and typos. For example, instead of “Sign up”, it says “Sing up”, and in the description of the pricing plans, the letter “R” is clearly missing in the phrase “Account Manage”. Such mistakes indicate a lack of professionalism and attention to detail. Additionally, the site is filled with empty promises and clichéd phrases.

There is little useful and necessary information in the text. The abundance of marketing phrases is distracting. The broker reveals very few details about itself, providing only a legal address while choosing not to disclose licenses or other aspects of its operations. There is also no clear distinction between important and secondary information, making it difficult to find and comprehend what’s needed. The absence of a search function further complicates navigation and increases the time required to find information.

Company Contacts

Only one phone number and one email address — this seems rather weak. The lack of contact details suggests that SixGroupTrust is not a large company. A reputable firm would typically have multiple email addresses for different purposes (support, general inquiries, verification department, etc.) and several phone numbers available in different languages. Additionally, there is no online chat, which would be a much more convenient and faster way to address any questions.

Key Conditions

The trading conditions here have numerous drawbacks, making the company unsuitable for serious trading. First, the minimum deposit is excessively high. To start trading here, you need to invest at least $10,000. Who would be willing to commit such a large sum when other brokers offer a minimum deposit as low as $1? Moreover, the broker doesn’t even provide a demo account, so there’s no way to practice without risking a minimum of $10,000.

Second, the most important conditions remain unknown. These include commissions, swaps, and leverage. Any honest and transparent broker would certainly provide detailed information about fees and spreads, but scammers often omit these details. The website only mentions spreads starting from 0 pips. It’s better not to take the risk since it’s unclear whether the costs involved will be high or low.

Third, the broker only allows trading in CFDs, which are easily manipulated instruments. This is not a real market, like spot trading or futures contracts. The company can manipulate the charts on its platform as it pleases.

In summary: a high starting deposit, hidden key conditions, no demo account, potential chart manipulation, and fake quotes. These are the main disadvantages regarding trading conditions.

Exposing SixGroupTrust

Not only do the trading conditions reveal the fraudulent nature of the company, but there is also a much wider list of red flags, which will be discussed further.

The firm claims to be a Swiss broker, listing its headquarters in Bern. However, the website lacks any registration details, FINMA licenses, or legal documents. This alone is a significant negative factor, but verification is necessary.

First, you should check with FINMA, the financial authority overseeing Swiss brokers. Unfortunately, the platform is not listed in this regulator’s registry. Second, the Central Business Name Index, which is the registry of legal entities, should be checked. SixGroupTrust is also absent from this registry. Based on this check, two clear conclusions can be drawn: the firm operates illegally, and the legal address in Bern is fake.

The red flags don’t stop there. It’s no secret that the longer a company operates in the market, the more trust it garners. For example, forex brokers with a 20-year history are in demand because of their brand and experience, whereas newer companies are not, as they are unknown and haven’t built a reputation. The subject of our review is a young organization that only began operating in July 2024, as indicated by the domain registration date of sixgrouptrust.com.

Additionally, it was mentioned earlier that SixGroupTrust only offers CFDs, and the company briefly references interbank liquidity, claiming to operate under an ECN business model. Can a firm without a license, which has existed for only a few months and provides a fake office address, really have access to ECN? Highly unlikely. Such platforms always operate 100% B-Book, not A-Book, which leads to the final significant drawback — a conflict of interest. The broker needs traders to lose money, otherwise, it cannot profit.

What Reviews Do Users Leave?

It’s no surprise that there are very few reviews, as the platform was launched recently. Among the small number of comments, there are only positive ones, which is suspicious. The explanation is simple: the scammers created a fake broker and started posting fake positive reviews about themselves to make inexperienced traders believe in a false positive reputation and transfer their money.

Conclusions

You should not trust brokers that operate without licenses. The length of time a broker has been in operation also plays an important role, as does understanding whether the platform is working against traders. SixGroupTrust is full of negative factors that clearly indicate it’s not a firm to deal with. There is no regulation because the organization doesn’t legally exist. The scammers launched the platform recently, so they can’t have any real experience or reputation.

Pros/Cons

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