Today in the SixGroupTrust review, we have another Forex/CFD broker — or rather, a scam project — trying to lure traders with promises of the best conditions in everything. The platform’s creators boast about 300+ trading instruments, spreads starting from 0, and the fastest withdrawal processing. We don’t know how potential clients will react. However, we are certain that the company wants only one thing — more money in deposits. Everything else is just a smokescreen hiding the scammers’ greed and their desire to seize users’ funds. It’s easy to see this for yourself — everything you need to know about this platform is below.
Key Features
- Company Name: SixGroupTrust Management Ltd
- Website: https://sixgrouptrust.net/
- Available Contacts: [email protected]; +41225083342
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $10,000
From Sign-Up to Payout
We won’t argue with those who say that the design of SixGroupTrust’s official website looks decent. However, in our view, the developers’ only real achievement in this regard is choosing the right (read: strict) color scheme for the template. Everything else is rather trivial, and their choice of images is completely baffling.
What we can say for sure is that content is far from the strongest aspect of this website. From the very first visit, we had many questions, such as:
- Where are the descriptions of available markets and trading instruments? A simple list of asset groups on the pages — is that really the best the company’s team could come up with? Have they even heard of useful trader information like contract specifications?
- Why not include actual details on the “Cash Out Procedures” page instead of just praising how securely the company holds client funds and how wonderfully it processes withdrawals? Where’s the list of payment methods and transaction details such as limits, fees, and processing times? What’s stopping them from adding company banking details? Or are the project owners afraid that publicly sharing this information will expose them as scammers?
- Have they considered traders’ needs at all? Or do they believe that an economic calendar, news feed, and market analysis are unnecessary for clients?
These questions could go on forever. All of them highlight the company’s deliberate creation of an information vacuum for traders. Naturally, it’s much easier to deceive inexperienced newcomers who lack trading knowledge. This alone tells us that SixGroupTrust is a scam.
There is plenty of evidence to support this. Take the registration process, for example. What do we see? A simple form asking for first and last names, contact details, country of residence, account currency, and a password. Now, let’s check other pages of the website and company documents.
It turns out that the broker is based and operates in Europe. So where is the compliance with European laws, directives, and standards? Where is the collection of detailed personal data and verification of contact details? Where is the questionnaire to assign traders a retail or professional status? Where is the KYC Policy on the website, outlining all these requirements?
It seems that the company has no intention of operating within a legal framework. Something tells us we are not dealing with a legitimate platform.
Funding accounts is even more suspicious. As soon as you click the deposit button, a pop-up window appears with the message: “Please contact your Account Manager to make a deposit.” Support representatives will tell you how and where (or to whom) to transfer funds. Do you think this is just a temporary issue or a company policy? We are certain it’s the latter — after all, scammers don’t want to expose their payment details.
Take note! We mentioned the absence of a KYC Policy. After seeing how financial transactions are handled, we also noticed that there is no AML policy in the list of documents either. So, a legitimate question arises: on what basis does the company require verification? Why would they need users’ document copies when they don’t follow European laws or local regulatory requirements?
Our Trading Experience With SixGroupTrust
From testing the broker’s platform on the website, we could learn very little. The company only states that it considers the web application it offers to traders “professional.”
Yes, the TradingView price chart widget, which forms the platform’s core, does look professional. The credibility is further boosted by the adjacent tab featuring a technical analysis widget from the same developer.
In all other aspects, calling this software “professional” would be a stretch. It looks more like the work of a novice developer trying their hand at creating such web applications for the first time. See for yourself:
- Terminal settings do not save even within the current session. Simply switching to the personal account section and back resets the chart settings (timeframes, price display, indicators, objects), requiring them to be configured again.
- The widget includes a chart comparison feature. However, the terminal’s developers never managed to set it up correctly. They also failed to implement any other form of a multi-chart mode.
- One-click trading? That didn’t work out for them either.
However, what really stood out to us was how the order panel functions:
- First, trade parameters are only visible while the corresponding market is open. This means a beginner cannot familiarize themselves with the panel over the weekend. Not the best option. A simpler solution — locking the order submission buttons — apparently never crossed the developers’ minds.
- Second, we are struggling to understand whether it was SixGroupTrust’s “specialists” who configured the contract parameters this way, or if the platform’s developers intended to revolutionize trading.
Let’s clarify this with an example of a BTCUSDT trade. At the time of writing, Bitcoin is priced at around $82,000. In the contract parameters, we see a standard lot size of 1, leverage of 1:1, and both initial and maintenance margin set at 10. This means that when purchasing 0.02 BTC for 1,640 USDT, the required margin — according to either the broker or the developers — should be 16,400 USDT. The logic within the contract specifications seems to be followed. But no trader would agree to such terms: instead of borrowing the necessary funds from the broker to complete the trade, they’d have to post a margin multiple times larger than the required amount. Moreover, holding the position overnight incurs an additional charge of 0.00055% of the margin amount. Ridiculous.
In this situation, we don’t even know what advice to give the broker. Perhaps, tone down their greed and at least familiarize themselves with the basics of how CFDs actually work.
We wanted to find an explanation for these unusual trading conditions on the SixGroupTrust website. But as it turns out, the trading terminal is the only source of information. The broker hasn’t provided even the bare minimum of necessary details for potential clients.
They list five account types:
- Bronze — Minimum deposit: $10,000.
- Silver — Minimum deposit: $25,000.
- Gold — Minimum deposit: $50,000.
- Premium — Minimum deposit: $100,000.
- Platinum — Minimum deposit: $250,000.
That’s all the broker has to offer in terms of account specifications. Maximum leverage, minimum spreads, commission fees, stop-order levels, and other essential details? According to the company, users — especially unregistered ones — don’t need to know.
With this approach, the firm is sure to be overwhelmed with eager clients. Sarcasm intended. In reality, the only way to attract traders while withholding such critical information is through one-on-one conversations, promising clueless beginners the world. It seems that’s exactly what the scammers at SixGroupTrust are doing — with no intention of ever fulfilling those promises.
The Reality Check
As expected from a scam broker, SixGroupTrust loves to boast about its honesty, secure fund storage, and top-tier service. And, of course, it conveniently forgets to mention anything about official registration or licensing. We conducted our own investigation, and here’s what we found.
On the contact page, the company lists an office address in Geneva, Switzerland. However, in its Terms & Conditions, the main legal document, there is no mention of its registration location or where the company is actually based. Meanwhile, the Complaints & Dispute Policy states that the broker is operated by SixGroupTrust Management Ltd, with its headquarters in London, UK.
We checked business registries in both countries for any records of this company.
As we can see, the Companies House database contains no records of a company named SixGroupTrust Management Ltd. Moreover, there are no entities whose names even begin with SixGroupTrust. We checked both the exact name provided on the website and various alternative spellings.
A similar zero result was obtained when searching the Swiss business registry. This gives us grounds to conclude that the platform is not officially registered in either of these countries.
Even the global OpenCorporates database, which aggregates information on 223+ million companies worldwide, contains no firm with even a similar name. This leads us to the logical conclusion that the broker has no official registration in any jurisdiction.
What this means:
- The platform operates without a license since financial regulators do not issue brokerage or dealer permits to unregistered entities.
- This pseudo-company exists only as a website in the virtual space, meaning it cannot legally provide any real broker/dealer services. Its entire operation is illegal.
- Actual trading cannot take place on the platform because it has no access to liquidity providers and lacks the necessary funds to execute client orders.
- Real market prices are not displayed in the terminal since electronic trading system providers (such as Reuters) do not supply data without a formal contract, and this fake company cannot legally enter into such agreements.
- The broker cannot receive transfers to corporate bank accounts or cards, nor store client funds there, because banks do not open accounts for unregistered virtual firms. Instead, crypto wallets or third-party (drop) accounts/cards are likely used for fund collection.
Thus, this is just another scam project, misleading traders about the services listed on its website. Of course, the scammers behind it never intended for clients to trade — they created this scheme purely to steal their money.
How Long Has SixGroupTrust Been in the Game?
In Complaints & Dispute Policy, the broker says that the company was established in 2023. There is no other information about the registration date and the duration of the platform’s operation on the website.
However, WHOIS data reveals that the active domain, sixgrouptrust.net, was registered on July 31, 2024. While the document references sixgrouptrust.com, both domains were created on the same day. This means the pseudo-company has been online for only 8 months.
Developers had more than enough time to create an informative and useful resource instead of the pathetic excuse for a website that someone — mistakenly, we assume — calls the official site of SixGroupTrust. Since this never happened, we can say with absolute certainty: the project owners are perfectly happy with the way things are.
No surprise here — it’s just further proof that they are scammers.
Extra Fraud Indicators
After eight months online, SixGroupTrust should have accumulated a significant number of reviews — and indeed, it has. However, there are some notable details.
It appears that the platform was originally hosted on sixgrouptrust.com. At present, that domain has gathered 150 reviews on Reviews.io. The earliest comments, likely paid promotions, praised the broker’s services. However, over time, negative feedback from dissatisfied users began to dominate. Today, its rating is only 2.8, with just 45% positive reviews. The primary complaint? Failure to process withdrawals.
It seems that the flood of negative reviews and potential regulatory actions leading to domain restrictions forced SixGroupTrust to switch domain names. The first reviews of sixgrouptrust.net appeared in early December 2024 — this time on Trustpilot. By the time of writing this review, more than 40 comments had been posted. However, despite the domain switch, the scammers’ approach hasn’t changed. The proof? 41% negative reviews, compared to 57% positive — a clear sign that the project team continues to order fake positive reviews while scamming traders out of their money.
It’s no surprise that investment experts have taken an interest in this fraudulent firm. However, companies that fail to process withdrawals can hardly expect high ratings.
Is SixGroupTrust the Right Fit?
This SixGroupTrust review has made it abundantly clear that this is a blatant scam. The fake broker has no registration or license, deliberately conceals its trading conditions, and hides other crucial information from traders. Its owners pay for fake positive reviews, while real victims expose how they lost their money. Our advice? Stay as far away from this platform as possible and never send money to these scammers.
SixGroupTrust are nothing but thieves and scammers. They tricked me into opening an account with a minimum deposit of $10,000 and then tried to pressure me into increasing the amount. When they realized from my support requests that I was getting suspicious, they blocked my account along with my money. Their excuse? “Unauthorized access attempts.” What a joke! I’m just grateful I didn’t fall for their additional payment demands. Stay away from these fraudsters!
SixGroupTrust was my first – and probably last – investment experience. I lost almost $14,000 to these scammers. I deeply regret ever getting involved, because this is NOT a real brokerage. Just read the reviews – traders don’t get paid. The “personal analyst” gains your trust, then manipulates you into losing everything.