Beware! SharesHolders is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


SharesHolders is an incredibly generic offshore broker. Even its name is bland and uninspiring. Brokers like the company we are reviewing here truly are a dime a dozen – and none of them can hold a candle to a more legitimate company, because none of them can even prove they are not running a scam. There are a lot of issues with SharesHolders that are worth mentioning – and we will certainly go through all of them, but we first need to state that making an account with the company is not possible at the time of writing – any attempt to do so leads to the following error page:

As you can imagine, this does not really count as a positive first impression! It furthermore signifies that SharesHolders is rather unprofessional. However, given what we have to say about the broker below, it might be for the best that making an account with it is not possible!

SharesHolders regulation and safety of funds

SharesHolders operates from offshore scam haven St. Vincent and the Grenadines. But you don’t have to take our word for it – here is the broker talking about its whereabouts:

What makes St. Vincent so bad is that it does not regulate its Forex markets in the least – and that has made it incredibly attractive to scammers, who set up shop there and run their schemes without any opposition. There is no guarantee that a broker from St. Vincent is not running a scam – much less that it can provide you with any substantial protections for your funds from the volatility of the FX markets.

Contrast that to brokers in stricter jurisdictions – the UK for example, who are required to provide their clients with access to not only guarantee funds, but a Negative Balance Policy. If you wish to know more, check out our list of top-rated UK brokers – trading with any of them is going to be infinitely more profitable than using SharesHolders’ services!

SharesHolders trading software

SharesHolders seems to provide access to some sort of web-based trading platform – but without an account, we are unable to access it. This means we have no clue how that software holds up to comparisons to industry standard Metatrader 5!

SharesHolders deposit and withdrawal methods and fees

SharesHolders does not state what deposit methods it accepts, and without an account we cannot know – however, we are quite certain that withdrawing any of your profits with the broker would be impossible. Here is a clause from the company’s Bonus policy:

It states that traders issued with a bonus need to achieve a trading volume of a fourth of it in standard lots to be able to withdraw any of their profits – but what SharesHolders does not tell you is that a standard lot is worth 100 000 units of base currency. In the example given by it, the trader would need to achieve a turnover of at least five million dollars to be able to withdraw – which is practically impossible for most traders!

How does the scam work?

It seems undeniable that SharesHolders is running a scam – the broker also does so by following a rather ancient scheme we have seen hundreds of times before – here is how it plays out:

First off, someone stumbles upon the scammers’ website, from where, they are prompted to make an account. If they choose to do so, they will be required to leave a phone number – a line of communication that scammers use to start manipulating their targets into depositing ever increasing sums of money. The calls from them will be constant and their greedy appetites are insatiable – and they only stop once their target either catches on to what’s going on, or simply runs out of money – at which point, the scammers cut them off and move on to new targets!

What to do when scammed?

If you recognize yourself in what we described above, you might have been the victim of a scam. Here is what to do to make sure you do not suffer further financial losses:

First off, reissue whatever credit cards and forms of ID the scammers had access to – and also get rid of any software they had you install on your PC ASAP!

Secondly, contact your bank and see if you can file a chargeback – and if that is not possible, know that any recovery agency that demands an upfront payment for its services is simply running another scam!

Finally, do not hesitate to leave a comment in the section below – in doing that, you will be helping us raise awareness of the scam, which is the best way to combat it!

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *