Name of Broker – SHD

Website –

Address – Room2202,22/F,Causeway Bay Plaza 1, 489 Hennessy Rd ,Causeway Bay HK

Owned by the – Starhonor Development Limited

Warning Issued By – Not Recommended By Review Website Like All Scam Reports

If you are thinking to invest with SHD but avoid the scams, read the SHD review and get to know about the scam activities of broker in detail.

SHD Review: Introduction 

SHD is an online trading broker owned by Starhonor Development Limited. The website of the company is found at, but it is currently not in use which is a major red flag and makes it suspicious to them, whether they are legit or not. They claim to be located in Hong Kong and can be contacted by email at and by phone at +852 3756 0195.

They hide the details about their regulated license on their website, which indicates that they are possibly involved in online scam activities like forex scams, cryptocurrency scams, or other online scams. Read a complete SHD Review to know more about this broker.    

SHD Review: Regulated License

If you are searching for a trading platform, then checking the regulated license of a broker is necessary because an unregulated broker makes false claims on their website. They pretend to be legit, but the reality is different from their claims. A regulated license shows whether a broker is legit or not for providing trading services in their country. If the broker doesn’t have a regulated license from an authorized authority, means they may be a scam broker.

SHD claims to be a legit broker, but we could not find its regulated license on its website. It’s better to stay away from this broker or any other unregulated brokers. To check the broker-regulated license, please visit the regulator’s site before investing money in an online trading platform; otherwise, scam brokers steal all your hard-earned money. Also, check the Forex scams or Cryptocurrency scams list to avoid online scams.

How does the SHD scam work?

If you are a new investor and want to start trading, that means you are an easy target for scam brokers. They can reach you through many mediums like online ads, social media platforms, phone calls, or email. Scammers can use all the tricks and tactics to convince you to invest a small amount of money. If you deposit an initial amount with them, they ask for more funds again and again for trading.

But when you want to withdraw your money, scam brokers delay your withdrawal process, and after some time, they block your trading account and steal all the money from your account. At that time you will realize that you are a victim of a scam broker and lost all your money with a scam broker.

SHD Customer review

We find many negative SHD reviews and ratings on other sites. After reading all the negative and positive SHD reviews, All Scam Reports found that this broker may not be legit and might be a potential scam broker. Hence we included this broker in our list of scam brokers 2022

How can I recover money from a scammer?

If you are a victim of SHD broker or Cryptocurrency scams, Forex scams, or any other scams, file a chargeback for fund recovery. Fill out a complaint form on our website. Our experts will provide you free consultation, and we will guide you in the process of fund recovery. 

SHD Review: Conclusion

If you are a victim of an SHD scam, contact All Scam Reports for fund recovery. We also provide a free consultation so that you cannot be the prey of scammers.

All Scam Reports advise you to always check the broker’s regulated license on the regulator’s site before investing money with them, otherwise, you will fall into a Cryptocurrency scam, Forex scam, Investment scam, Romance scam, Gift Card scam, or other online scams.

We hope this SHD review is helpful for you.

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