We want to introduce you to the Shares Holding review. The subject of this review is a Forex/CFD broker that claims to know exactly what traders need and helps them unlock a world of opportunities in financial markets. At least, that’s what they say about themselves. However, even a brief look at the company’s information and offerings reveals that this is a scam project. Moreover, it has been executed quite carelessly, with some parts being outright laughable. We will share with you all the details about this fraudulent project. If you’re curious, keep reading.
Key Features
- Company Name: Shares Holding
- Website: https://shares-holdingltd.com/
- Available Contacts: [email protected]; +14378874572
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $250
From Sign-Up to Payout
At first glance, it may seem that the designers of the official Shares Holding website put a lot of effort into making it visually appealing. However, we have already seen at least a dozen brokers using the same template — both in blue and red versions — with identical images and page layouts. This tells us that the creators of this platform only had to modify the content accordingly.
Apparently, this task turned out to be extremely difficult for them. First and foremost, we want to highlight the number of pages: there are only four, plus the Privacy Policy. For some reason, we believed that a licensed broker’s website should contain more information. Moreover, the company lacks:
- A list of available markets and assets. There is no mention of contract specifications whatsoever.
- A description of the trading platform. The company provides no details on its features, characteristics, advantages, or drawbacks.
- A list of payment methods and conditions for non-trading operations: limits, fees, or processing times.
- Documents regulating the broker-client relationship. The company hasn’t even published a client agreement (Terms & Conditions), let alone policies like KYC, AML, etc. This means that clients don’t even enter into a formal contract with the company — they simply send money voluntarily, with no legal obligations from the recipient’s side.
Becoming a client of Shares Holding is quite easy. You only need to fill out a simple form with your first and last name, email address, phone number, password, and account currency. Once submitted, the user immediately receives a fully functional account.
At the same time, the company claims to hold licenses from Canadian and European regulators. If the broker truly complies with their requirements, it should collect much more personal data and even conduct questionnaires to classify traders as retail or professional clients. However, it does none of this. Either the broker deliberately ignores regulatory requirements, or — more likely — it operates without any licenses at all.
The personal account offers nothing new and does not significantly differ from standard functionality. Even non-trading operations can only be performed via crypto wallets or bank cards. Both options have one thing in common — you cannot send money on your own. Even after entering all the necessary details, users still receive a message stating that the recipient’s wallets/cards are not specified, and they must contact support to resolve the issue.
Our Trading Experience With Shares Holding
As we have already mentioned, the company provides no details about its trading terminal. Therefore, we have to share our own findings regarding its properties, advantages, and disadvantages.
The terminal looks quite decent. The price chart widget, which serves as the core of the trading terminal, is provided by TradingView. This means that users have access to an impressive selection of chart types, timeframes, and technical analysis tools, including indicators and graphical objects.
The developers only had to create a suitable user interaction interface. However, they did not fully succeed in this task:
- One-click trading is not available. As a result, portfolio traders and those using dynamic strategies face significant difficulties. This issue could lead to financial losses.
- There is no contract specification here either. Therefore, traders place orders — at least initially — almost blindly. Losses in such conditions are nearly inevitable.
- It is impossible to customize the interface to fully meet user preferences. Some windows can be removed, and others can be resized, but a complete reconfiguration of the program’s layout is not possible.
The platform is also subject to the common drawbacks of web traders. It does not allow the addition of custom indicators or third-party ones. Furthermore, trading robots cannot be used within the terminal.
To put it simply, the software is not the worst, but it falls far behind industry leaders like MetaTrader or cTrader. That said, for a scam broker, this trading platform is a real find, as top-tier developers do not offer their products to unregistered platforms.
Shares Holding offers five types of accounts:
- Standard — Minimum deposit: $250.
- Saver — Minimum deposit: $25,000.
- Gold — Minimum deposit: $100,000.
- PRO — Minimum deposit: $250,000.
- VIP — Minimum deposit: $500,000.
The company chose not to disclose any other trading conditions. The only additional detail available on the official website is the maximum leverage, which is fixed at 1:500 for all account types. As we mentioned earlier, traders will have to find out the rest on their own.
Take note! We found that the broker’s employees do not always understand the trading conditions they offer. For instance, while the website states that the maximum leverage is 1:500, in the terminal, we observed that the leverage for a Standard account on the EUR/USD pair was only 1:100. Naturally, we are more inclined to trust the trading software where transactions take place rather than the poorly written text on a shady website.
The Reality Check
The Shares Holding website does not provide any information about the company’s place of registration. The only thing we managed to find was an office address in Canada. Naturally, we decided to check the Canadian business registry.
Canadian business registries contain several companies with similar names, such as Shared Holdings Ltd, Share Holding Ltd, etc. It is obvious that the scammers were counting on this, assuming that traders would not bother to verify each company individually.
We understand the importance of every character in a company’s name. That is why we are confident that this broker is not in the registry. Moreover, it is also absent from the OpenCorporates database, which contains records of over 223 million companies worldwide. This strengthens our belief that the platform operates without registration.
Some traders may ask: What about the Canadian license? The firm claims in the footer of its website that it holds license № BRL734284, issued by the Canadian Financial Industry Regulatory Authority. This may sound legitimate, but it has no connection to reality.
In fact, this regulatory body does not exist in Canada — FINRA operates exclusively in the United States.
This means that the broker is deliberately misleading traders by showcasing a non-existent license from a non-existent organization. To give credit where it’s due, the scammers went so far as to create a fake website at cad-finra.shares-holdingltd.com, where they uploaded a fabricated license document.
Important! Shares Holding and its website have been included in the Warning List of the Swiss regulator FINMA. Most likely, the broker previously claimed to have an office in Switzerland, but after being added to the Warning List, all mentions of it disappeared from the website.
So, we have established that this “company” is not officially registered anywhere and operates without licenses. At the same time, the project owners are trying to pass the broker off as a legitimate, licensed entity, misleading traders by displaying non-existent regulatory documents from non-existent organizations.
For reference! Even before analyzing the official records of the company, we were already certain that it did not hold a single valid license. We reached this conclusion as soon as we saw the 1:500 maximum leverage it offered. We know that in Canada, the maximum leverage for retail traders cannot exceed 1:50, and in Europe, it is 1:30. Even professional traders in these jurisdictions are not allowed to use 1:500 leverage.
How Long Has Shares Holding Been in the Game?
The broker does not provide any information about its history. There are no details even about the date it began offering services. However, this is no secret to us — it’s easy to check using a WHOIS lookup.
As we can see, the domain shares-holdingltd.com was registered on November 11, 2024. This means the platform has been active for only 4.5 months. While this is not a particularly short period, it is more than enough time to organize the content on its website. However, for scammers, the appearance and content of their website do not really matter.
Extra Fraud Indicators
In 4.5 months of operation, there have already been some Shares Holding reviews online. However, there are very few — just 4 on Trustpilot and 12 on reviews.io. Most of them appeared no more than a week and a half ago. Every review gives the firm the highest rating, praising things the company never actually provided.
There is no doubt that all these comments were written and paid for by the project’s owners. Clearly, they are attempting to build a positive image of the platform. Instead of delivering real quality services, the company is misleading traders with fake reviews.
Meanwhile, experts from trading-related websites are well aware of this firm. Their articles openly highlight all the flaws of this scam platform, listing multiple Red Flags. The project’s rating has not even reached an average level, and the recommendations are clear — sending money to these scammers is strongly discouraged.
Is Shares Holding the Right Fit?
In this Shares Holding review, we once again remind traders — research the broker before you decide to work with them. Sending your money to an account opened with this company is something only a completely blind trader would do. Do not repeat such mistakes! Never even consider working with virtual firms that lack licenses and display fake regulatory approvals from non-existent authorities.
Shares Holding is a disaster. The platform is absolutely unsuitable for trading. Slippage occurs constantly when executing orders – this should never happen. Errors and crashes on the platform are also frequent.
Customer support is unprofessional – they provide no real help, let alone timely assistance. This is definitely not a broker you should consider for long-term cooperation. I didn’t even try withdrawing money – there was nothing left to withdraw after just a few trades.
Don’t waste your time and money. Shares Holding is a scam. With fraudsters as owners, this company will shut down very soon. The worst part? Neither I nor anyone else who fell into this trap will ever get our money back.
Think about it! Would a respectable broker have a website that looks like it was thrown together by a high school student?! Exactly. And the trading conditions? The licenses? A complete joke. I just wish I had realized this sooner. Now all I can do is regret my mistake.