On May 13th, Brokervictims encountered a possible scam via its CRM system. The SEC also sent a warning about this potential fraud. HGRPE.CO is reported to be a fraudulent platform based on multiple sources. Reddit discussions and reviews on reputable financial platforms indicate that the company promises quick profits with minimal risk which is unrealistic. There is no information about the company’s location or owner, and the platform is unregulated. 

What To Do If You Were Scammed By This Broker

If you suspect you were scammed by HGRPE.Co, immediately withdraw funds if possible, and cut off all contact with the broker.  Make sure you gather all the information and records of communication, including bank statements. File a complaint with the local authorities and financial regulators in your country. 

Report a Scam

Report the scam to Brokervictims, an organization dedicated to investigating online fraud and assisting victims in the process of fund recovery.

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