Hobiestradingroom.com Reviews

Based on looking at the website, Hobiestradingroom.com appears to be a platform that offers access to trading signals, mentorship, and live trading sessions. While the site emphasizes “100% free” access to copy trades and promises “more freedom,” it’s crucial to approach any such offering with extreme caution. The world of trading, especially when it involves copying signals and aiming for quick profits, often carries significant risks that are not always immediately apparent, and from an ethical standpoint, it frequently involves elements that are not permissible, such as riba interest or excessive gharar uncertainty, which makes the very nature of such ventures problematic.

The allure of “free” access and promises of financial freedom can be very compelling, but it’s important to remember that true wealth and prosperity are built on principles of hard work, honest endeavor, and seeking blessings through permissible means.

Relying on speculative trading with high leverage or simply copying others’ trades without a deep understanding of the underlying risks can lead to considerable financial loss and emotional distress.

Instead of pursuing avenues that might involve impermissible elements or high uncertainty, it’s far better to focus on building sustainable income streams through legitimate business, skill development, and prudent savings, all while seeking guidance and blessings in our financial pursuits.

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IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Hobiestradingroom.com Review & First Look

Based on checking the website, Hobiestradingroom.com positions itself as a gateway to financial trading, specifically by allowing users to “copy my trades.” The site prominently features phrases like “100% gratis!” 100% free! and promises direct, free access to trading signals and mentorship. While this sounds appealing on the surface, especially for those looking to enter the trading world without prior experience, the inherent nature of financial trading, particularly speculative short-term trading, is often fraught with elements that are not permissible. The core concept of profiting from price fluctuations in a market where riba interest and excessive gharar uncertainty and speculation are often embedded makes such endeavors problematic from an ethical standpoint.

The Allure of “Copy My Trades” and Its Risks

The “copy my trades” model, often seen in social trading platforms, allows users to automatically replicate the trades of experienced traders.

• Pros from a marketing perspective:
  • Ease of entry: Requires minimal trading knowledge.
  • Time-saving: No need for extensive market analysis.
  • Potential for passive income: The idea that profits can be generated without active involvement.
• Cons from an ethical and practical perspective:
  • Lack of understanding: Users often don’t understand why trades are being made, leading to poor decision-making during market downturns.
  • Dependency: Creates a reliance on the “expert” trader, whose strategies may not always be profitable.
  • High risk of loss: Even expert traders incur losses. copying trades does not guarantee profits and can lead to significant capital erosion. A study by the European Securities and Markets Authority ESMA in 2017 found that between 74% and 89% of retail investor accounts lose money when trading CFDs Contracts for Difference, a common instrument in such platforms.
  • Gharar Uncertainty: The outcome of these trades is highly uncertain and speculative, which is problematic.
  • Riba Interest: Many trading instruments, especially leverage-based ones, involve interest, making them impermissible.

Initial Impressions and Website Transparency

The website design is straightforward, highlighting the free access and key offerings.

However, a deeper look reveals a lack of crucial details that are typically found on legitimate financial platforms.

• Missing Disclosures: There’s no clear risk disclaimer, no information about the regulatory status of the platform or the “trader,” and no detailed terms and conditions readily available.
• Vague Promises: Phrases like “meer vrijheid!” more freedom! are emotionally appealing but financially vague. There’s no specific historical performance data, no breakdown of potential fees even if initial access is free, what about broker fees, spread, or hidden charges?, and no clear business model beyond “copy my trades.”
• Language Barrier for US audience: The website is entirely in Dutch, which immediately poses a barrier for a U.S. audience, suggesting it’s not primarily targeting this market or might lack the necessary U.S. regulatory compliance.

Hobiestradingroom.com Cons

Focusing on the drawbacks, Hobiestradingroom.com presents several significant concerns that should make any potential user reconsider. The very nature of what is being offered falls into a category of financial activities that carry inherent risks and often involve elements that are impermissible, such as excessive speculation gharar and potentially riba interest if leverage or certain derivatives are involved. Elevate-flex.com Reviews

Lack of Transparency and Regulatory Compliance

One of the most glaring issues is the absence of clear, comprehensive information regarding the platform’s operations, the individuals behind it, and its regulatory standing.

• No Regulatory Information: There’s no mention of any financial regulatory body overseeing Hobie’s Trading Room. Legitimate financial service providers, especially those offering trading signals or investment advice, are typically licensed and regulated by authorities like the SEC U.S. Securities and Exchange Commission or FINRA in the U.S., or equivalent bodies internationally e.g., FCA in the UK, CySEC in Cyprus. The absence of such information is a major red flag.
• Anonymous “Hobie”: The website refers to “Hobie” but provides no verifiable details about this individual’s credentials, track record, or professional background. In the financial world, expertise is usually backed by certifications, public records, and demonstrable success.
• Vague Business Model: How does Hobiestradingroom.com sustain itself if access is “100% free”? This lack of clarity raises questions about how they derive income, which could potentially be through undisclosed commissions from brokers, or by attracting a large user base that can then be monetized in other ways.
• Terms and Conditions: There are no readily accessible terms and conditions or privacy policy links visible on the main page, which are essential legal documents for any online service, especially one involving finance.

High-Risk Nature of Trading Signals

Relying solely on “copying trades” is a high-risk strategy that often leads to losses, and it diverts individuals from understanding the ethical implications of their financial actions.

• No Guarantees of Profit: No legitimate trading operation can guarantee profits. Market conditions are constantly changing, and past performance is never indicative of future results. Studies show that a vast majority of retail traders lose money. For instance, data from major brokers consistently shows that 70-80% of retail forex and CFD accounts lose money.
• Potential for Significant Capital Loss: Users risk losing their entire invested capital, especially if they are using leveraged products based on the signals.
• Lack of Control and Education: By merely copying, users do not develop their own understanding of market dynamics, risk management, or fundamental/technical analysis. This dependency makes them vulnerable to the success or failure of the signal provider. True financial growth comes from knowledge and responsible decision-making, not blind following.

Ethical and Religious Concerns

The core activity of speculative trading often touches upon areas that are not permissible due to their inherent nature.

• Gharar Excessive Uncertainty: Many forms of short-term trading, especially day trading or using complex derivatives, involve a very high degree of uncertainty, which is problematic. The outcome is not clearly defined, and it’s akin to gambling, where the outcome is purely speculative.
• Riba Interest: A significant portion of online trading, particularly with leveraged products like CFDs or margin trading, involves borrowing funds from a broker, which incurs interest. This riba is explicitly forbidden. Even if the platform itself claims to be free, the underlying broker and instruments used often involve interest.
• Lack of Product/Service: There is no tangible product or service being exchanged in many trading scenarios, only the speculation on price movements. This contrasts with permissible transactions where a real asset or service is bought and sold.

Hobiestradingroom.com Alternatives

Given the significant concerns surrounding Hobiestradingroom.com, particularly its lack of transparency, the high-risk nature of speculative trading, and the potential involvement of impermissible elements like riba and gharar, it’s imperative to explore ethical and sustainable alternatives for financial growth. True prosperity and peace come from engaging in permissible, transparent, and beneficial activities that align with sound principles.

Ethical Income Generation and Business Ventures

Instead of relying on speculative trading, focus on building wealth through real economic activity and permissible business. Edensteamshowers.co.uk Reviews

• Entrepreneurship and Small Business:
  • Developing Skills: Invest time in learning a valuable skill e.g., coding, graphic design, content writing, digital marketing, trades like carpentry or plumbing.
  • Service-Based Businesses: Offer your skills as a service to clients. This can be freelance work, consulting, or starting a small service company.
  • Product-Based Businesses: Create or source permissible products and sell them through e-commerce e.g., modest clothing, halal food products, educational materials, artisanal crafts. This involves tangible goods and clear transactions.
  • Online Courses/Content Creation: If you have expertise, create and sell online courses or develop content blogs, videos that generates income through advertising or direct sales of related products.
• Agriculture and Permissible Investments:
  • Farming or Food Production: Engage in agricultural ventures, which are fundamental to human needs and often have inherent blessings.
  • Real Estate: Invest in real estate property ownership, rental income through permissible financing methods that avoid riba. This provides a tangible asset and stable income.
  • Halal Stock Market Investments: Invest in Sharia-compliant stocks. These are companies that do not deal in alcohol, gambling, interest-based finance, or other impermissible activities. Many financial institutions now offer Sharia-compliant investment funds. This involves ownership in real businesses, not mere speculation.
  • Murabaha Cost-Plus Financing: Engage in legitimate trade where goods are bought and then sold to a customer at a markup, ensuring transparency and ownership.
  • Musharakah/Mudarabah Partnerships: Enter into profit-and-loss sharing partnerships, where risks and rewards are shared, aligning with principles of justice and equity.

Skill Development and Education

Invest in yourself and acquire skills that can generate sustainable income and benefit society.

• Vocational Training: Learn a trade that is always in demand e.g., electrician, mechanic, carpenter, chef.
• Digital Skills: Master areas like web development, data analysis, cybersecurity, or advanced software applications. The global demand for these skills is consistently high.
• Language Acquisition: Learning new languages can open up opportunities in translation, international business, or education.
• Continuous Learning: Dedicate time to reading, attending workshops, and acquiring certifications in fields that genuinely interest you and have market value.

Community-Oriented Economic Activities

Consider ways to generate income that also benefit your local community.

• Local Businesses: Start a business that serves a need in your community, contributing to local employment and economic well-being.
• Co-operatives: Participate in or initiate co-operative ventures where members pool resources and efforts for mutual benefit, sharing profits and risks equitably.

By focusing on these alternatives, individuals can pursue financial growth through means that are not only sustainable and potentially more stable but also align with principles of honesty, transparency, and ethical conduct, leading to a life that is both materially and spiritually fulfilling.

How to Cancel Hobiestradingroom.com Subscription

Given the concerns highlighted about Hobiestradingroom.com, and assuming someone might have signed up for their “free access” or any subsequent paid offerings that might emerge, understanding how to cancel is crucial. However, based on the current presentation of the website, the cancellation process is not explicitly detailed, which is another red flag concerning transparency and user autonomy.

Navigating the Absence of Clear Cancellation Procedures

The website promotes “100% gratis toegang” 100% free access and “direct gratis toegang,” implying no subscription is required in the traditional sense, at least initially. This could mean: Mscrepair.co.uk Reviews

• No Formal “Subscription” to Cancel: If access is indeed purely free and doesn’t require payment details or recurring billing, there might not be a formal “subscription” to cancel in the way one would cancel a Netflix or SaaS service. Users might simply stop engaging with the platform.
• Cancellation Linked to Broker Account: If Hobiestradingroom.com merely provides signals that users then manually or automatically apply to their own third-party broker accounts, then the “cancellation” would primarily involve disconnecting any automated trading features from their broker account and ceasing to follow Hobie’s signals.
• Hidden Terms for “Mentorship” or “Coaching”: The website mentions “Toegang tot mentorship trajecten” Access to mentorship trajectories and “Toegang tot Zoom groep coachings.” While initial access is free, it’s possible that deeper engagement with these mentorship or coaching services could involve a paid subscription or one-time fees, which would then have their own cancellation policies. However, these policies are not disclosed upfront.

Steps to Take If You Need to “Cancel” or Disengage

Since there’s no clear “Cancel Subscription” button or section on the Hobiestradingroom.com website itself, users should take the following actions to disengage:

1. Check Your Email for Confirmation:

   • When you signed up, you likely received an email. Thoroughly review this email for any mention of terms, future payments, or an unsubscribe link.
   • Look for details about how your “free access” works and if it automatically converts to a paid service after a certain period.

2. Review Your Brokerage Account Settings:

   • If you linked your Hobiestradingroom.com activities to a specific brokerage account e.g., through an API or specific platform integration for “copy trading”, go directly to your brokerage account.
   • Crucially, disable any automated trading or signal-copying features immediately. This is the most important step to stop any trades from being executed based on Hobie’s signals.
   • Remove any permissions granted to third-party applications or services connected to your brokerage account.
   • Consider withdrawing your funds from that brokerage account if you no longer intend to use it, especially if the broker was recommended by Hobiestradingroom.com and you have concerns about its legitimacy.

3. Unsubscribe from Any Mailing Lists:

   • Locate the “unsubscribe” link at the bottom of any emails you receive from Hobiestradingroom.com and click it to stop receiving communications.

4. Contact Hobiestradingroom.com Directly If Possible: Laptop-battery-shop.com Reviews

   • Look for a contact email or support link on the website, though one is not immediately obvious. If found, send a clear email stating your intention to disengage from all services and requesting confirmation of no future charges.
   • Keep a record of any correspondence.

5. Monitor Your Bank/Credit Card Statements:

   • Even if you believe it’s “100% free,” diligently check your bank and credit card statements for any unauthorized or unexpected charges. If you find any, dispute them immediately with your bank or credit card provider.

In the absence of clear instructions, the best approach is to be proactive in disconnecting any linked financial accounts and to remain vigilant about potential charges.

The lack of transparent cancellation policies only adds to the reasons why such platforms should be approached with extreme caution.

How to Cancel Hobiestradingroom.com Free Trial

The term “free trial” is a bit ambiguous with Hobiestradingroom.com, as their main promotional message is “100% gratis toegang” 100% free access from the outset, rather than a limited-time trial that transitions into a paid subscription.

This phrasing suggests that access is perpetually free. Icepacks4less.co.uk Reviews

However, in the online world, “free” often comes with caveats, especially when it involves financial services.

Understanding the “Free Access” Model

If Hobiestradingroom.com operates on a truly free model, it means:

• No Billing Information Collected: They shouldn’t have asked for your credit card details or bank account information during sign-up.
• No Automatic Conversion: There’s no “trial period” that automatically converts into a paid subscription because there’s no stated paid subscription to convert into.

However, the mention of “mentorship trajectories” and “group coaching” suggests potential upselling. While initial access to “copy trades” might be free, more in-depth services, personalized coaching, or advanced signals could very well come at a cost. If you signed up for such an advanced offering, then a “free trial” for that specific service might exist, and the cancellation process for that would be relevant.

If You Suspect a “Hidden” Free Trial or Future Charges

Given the lack of transparency, if you’ve provided any financial information or are concerned about future charges, treat it as if there might be a hidden trial period.

Steps to Take to “Cancel” or Disengage from the “Free Access”: Rolawn.co.uk Reviews

1. Do Not Provide Payment Information If You Haven’t Already:

   • If the website asks for your credit card or banking details to access “free” content or a “trial,” reconsider. Legitimate free services don’t typically require this unless they clearly state an auto-renewing paid subscription after the trial.
   • Never provide your financial details to a platform that lacks clear terms, regulatory information, and a transparent business model.

2. Review Your Onboarding Emails:

   • Go back through all emails from Hobiestradingroom.com. Look for any fine print about how the “free access” works, if it’s limited, or if there’s any mention of a paid tier for advanced features.
   • Search for keywords like “trial,” “abonnement” subscription, “kosten” costs, or “automatisch” automatic.

3. Check Your Financial Accounts Immediately and Regularly:

   • If you did provide payment information, or if you suspect charges might appear, monitor your bank statements and credit card activity daily for the next few weeks.
   • Look for any small, unexpected charges, often called “pending” transactions, that might be test charges or initial subscription fees.

4. Disconnect Any Linked Broker Accounts:

   • If you connected your brokerage account to Hobiestradingroom.com for “copy trading,” log into your brokerage account immediately.
   • Disable any automatic trade execution or signal copying features. This is the primary way to stop Hobie’s signals from affecting your funds.
   • Remove any API keys or third-party permissions related to Hobie’s Trading Room within your brokerage platform.

5. Unsubscribe from Email Communications: Arundelfireandsecurity.co.uk Reviews

   • Find the “unsubscribe” link in any emails from Hobiestradingroom.com and use it. This will at least stop further marketing or communication.

6. Dispute Unauthorized Charges:

   • If you find any charges on your bank statement or credit card that you did not authorize or understand, contact your bank or credit card provider immediately to dispute them. Provide them with all the details you have.

The general principle here is to exercise extreme caution with anything that promises “free” financial gains without clear, transparent terms.

The best “cancellation” is often not signing up in the first place, or disengaging thoroughly if you have.

Hobiestradingroom.com Pricing

The most prominent feature of Hobiestradingroom.com’s pricing model, as highlighted on their homepage, is its claim of “100% gratis!” 100% free! and “DIRECT GRATIS TOEGANG” DIRECT FREE ACCESS. This suggests that the primary service of “copying trades” is offered at no direct cost to the user.

However, in the world of online services, especially those related to finance, “free” often has caveats or hidden revenue streams. Paramountcruises.com Reviews

It’s crucial to understand how a service claiming to be entirely free plans to sustain itself, particularly when dealing with potentially high-value activities like financial trading.

How a “Free” Trading Signal Service Might Operate and its implications

If the service is genuinely free for users, the revenue must come from somewhere else.

Common models for “free” trading signal providers include:

1. Broker Commissions/Referral Fees: This is the most common model.

   • Mechanism: Hobie’s Trading Room might have an arrangement with specific brokerage firms. When users sign up for a brokerage account through Hobie’s referral link, or when they execute trades using those signals through a partnered broker, Hobie’s Trading Room receives a commission e.g., a portion of the spread, trading volume, or a flat referral fee.
   • Implications: This model can create a conflict of interest. The provider might be incentivized to encourage more frequent trading even if not optimal for the user or to push users towards brokers that offer higher commissions, rather than those that are necessarily the best or most regulated.
   • Ethical Concern: If the broker involved in this arrangement operates on an interest-based model riba, then even if the “signal service” is free, participating in the ecosystem might inadvertently involve one in impermissible financial dealings.

2. Upselling Premium Services: Travelcrew.co.uk Reviews

   • Mechanism: While basic “copy trade” access is free, the website explicitly mentions “Toegang tot mentorship trajecten” Access to mentorship trajectories and “Toegang tot Zoom groep coachings.” These more in-depth or personalized services are likely paid.
   • Implications: The free access acts as a lead magnet to draw users in, who are then encouraged to pay for advanced training, one-on-one coaching, or exclusive signals. The pricing for these premium services is not disclosed on the homepage.
   • Ethical Concern: While education itself is permissible, if these premium services primarily promote or enable haram trading practices, then they too become problematic.

3. Data Monetization:

   • Mechanism: Less common for direct trading signals, but possible: user data trading habits, preferences could be anonymized and sold.
   • Implications: Raises privacy concerns, though less direct financial impact on the user.

4. Affiliate Marketing Indirect:

   • Mechanism: Promoting other products or services even unrelated to trading to their user base.

What to Expect Regarding Pricing or Lack Thereof

• Zero Upfront Cost for basic access: The website is very clear on this. You should not expect to pay anything to initially access the “copy trades” feature.
• Potential Hidden Costs: Be wary of:
  • Brokerage Fees: The broker you use to execute the trades will charge spreads, commissions, and potentially overnight fees if using leverage and holding positions, which often involve riba. These are separate from Hobie’s service but are critical to your actual trading costs.
  • Upsell Pitches: Expect pitches for premium coaching or mentorship programs, for which pricing will likely be revealed later.
  • Withdrawal Fees: Your chosen broker might have withdrawal fees.

Crucial Advice: Never assume “free” means without financial risk or ethical implications. Always investigate the underlying financial products, the brokers involved, and the overall business model. If a service doesn’t disclose its pricing model transparently, it’s a significant red flag that should prompt extreme caution and a search for more ethical and transparent alternatives.

Hobiestradingroom.com vs. Competitors

When evaluating Hobiestradingroom.com against potential competitors in the “copy trading” or “signal provider” space, it’s less about a direct feature-by-feature comparison and more about identifying inherent risks and a fundamental misalignment with sound financial principles.

Most platforms in this niche share common characteristics that necessitate extreme caution, regardless of their specific offerings. Genesis-apparel.com Reviews

Common Traits of “Copy Trading” Platforms

Many platforms offer some form of social or copy trading, often featuring:

• Promise of Easy Profits: Almost all tout the idea of making money without extensive effort or knowledge.
• Access to “Expert” Traders: They connect users with purportedly successful traders whose strategies can be replicated.
• Varying Pricing Models: Some offer free trials, others charge subscriptions, and many operate on a commission-based model with partnered brokers.
• Leverage Trading: A significant number facilitate trading with leverage, amplifying both potential gains and losses.
• Focus on Forex/CFDs: Many focus on highly volatile markets like Forex foreign exchange or CFDs Contracts for Difference.

Hobiestradingroom.com’s Position Against the “Industry”

Hobiestradingroom.com distinguishes itself primarily by its explicit “100% free!” claim for basic access and its direct, personal appeal from “Hobie.”

• Transparency or Lack Thereof:

  • Hobiestradingroom.com: Lacks clear regulatory information, detailed terms, and verifiable background for “Hobie.” The revenue model for the “free” service is not disclosed.
  • Typical Competitors e.g., eToro, ZuluTrade, CopyFX: While still high-risk, more established platforms usually provide clearer disclaimers, some level of regulatory oversight though this varies by region, detailed terms and conditions, and transparent performance statistics though these come with strong risk warnings. They are often integrated directly with regulated brokerage services.

• Risk Disclosures:

  • Hobiestradingroom.com: No prominent risk disclaimers on the main page.
  • Typical Competitors: Legally obligated to display prominent warnings like “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs.” This critical information is largely absent on Hobie’s site.

• Business Model: Jointes.co.uk Reviews

  • Hobiestradingroom.com: Appears to be a lead generation tool for possible premium services or a referral system to undisclosed brokers.
  • Typical Competitors: Often profit through spreads, commissions, or subscription fees, sometimes with a more transparent breakdown.

• Educational Content:

  • Hobiestradingroom.com: Mentions “mentorship” and “coaching” but no readily available educational resources or risk management training.
  • Typical Competitors: Many offer extensive educational resources, webinars, and demo accounts, even if the primary goal is still to encourage trading.

Why All “Copy Trading” is Problematic

Regardless of the specific platform, the very concept of “copy trading” or relying on signals for speculative financial instruments carries significant issues:

1. High Risk: The inherent volatility and complexity of markets like Forex and CFDs mean that a vast majority of retail traders lose money. Data consistently shows this.
2. Gharar Excessive Uncertainty: The speculative nature of short-term trading makes it akin to gambling, where the outcome is highly uncertain and relies on chance rather than productive effort or real economic value.
3. Riba Interest: Most leverage-based trading instruments involve riba due to overnight financing charges, which is strictly prohibited.
4. Lack of Real Value Creation: These activities do not contribute to real economic growth, production, or the provision of goods and services. They are purely speculative.
5. Dependency and Lack of Knowledge: Users are discouraged from understanding financial markets themselves, fostering dependency rather than financial literacy and empowerment.

Conclusion on Competitors: While some competitors might seem more “professional” due to better UI or clearer disclaimers, the underlying activity of speculative “copy trading” remains fundamentally problematic. The ethical and financial risks persist, making all such platforms less desirable than pursuing honest, permissible, and sustainable avenues for wealth generation.

Frequently Asked Questions

What is Hobiestradingroom.com?

Based on looking at the website, Hobiestradingroom.com appears to be a platform that offers users “100% free” direct access to copy trading signals, daily trades to replicate, and access to mentorship and live trading sessions.

Is Hobiestradingroom.com truly 100% free?

The website prominently advertises “100% gratis!” 100% free! for its access. Intelivita.co.uk Reviews

However, “free” often implies hidden costs or alternative revenue streams, such as commissions from partnered brokers or upselling premium mentorship services.

What kind of trading does Hobiestradingroom.com facilitate?

While not explicitly stated on the homepage, the concept of “copy my trades” and “daily trades” typically refers to short-term, speculative trading in highly volatile markets like Forex foreign exchange or CFDs Contracts for Difference.

Is Hobiestradingroom.com regulated?

Based on the website, there is no readily available information regarding any financial regulatory body overseeing Hobiestradingroom.com.

This lack of transparency is a significant concern for any financial service provider.

Who is “Hobie” from Hobiestradingroom.com?

The website refers to “Hobie” as the source of the trades, but no verifiable professional background, credentials, or public track record for this individual are provided on the site. Rearo.co.uk Reviews

Does Hobiestradingroom.com guarantee profits?

No, no legitimate trading platform can guarantee profits.

The website does not explicitly make profit guarantees, but the allure of “more freedom” through copying trades can implicitly suggest easy gains.

What are the risks of using a service like Hobiestradingroom.com?

The primary risks include significant capital loss due to the highly speculative nature of trading, the potential for gharar excessive uncertainty, involvement with riba interest if leveraged products are used, and reliance on an unverified “expert.”

Are there any hidden fees associated with Hobiestradingroom.com?

While direct access is advertised as “free,” potential hidden costs could include commissions or spreads charged by the broker you use, or fees for any premium mentorship/coaching services that might be offered later.

Can I cancel my Hobiestradingroom.com subscription?

Since the primary access is advertised as “100% free,” there might not be a traditional subscription to cancel. Birminghamwear.com Reviews

However, if you’ve connected a brokerage account, you would need to disable any automated trading features within your broker’s platform.

How do I stop receiving emails from Hobiestradingroom.com?

You should be able to unsubscribe from their mailing list by clicking the “unsubscribe” link typically found at the bottom of their emails.

Does Hobiestradingroom.com offer customer support?

The website does not prominently display easily accessible contact information or a dedicated customer support section on its main page.

Is copy trading ethical?

Copy trading, especially when it involves speculative instruments, leverage, and riba, can be problematic due to gharar excessive uncertainty and the potential for interest-based transactions. It generally doesn’t involve the exchange of real goods or services.

What are better alternatives to speculative trading?

Better alternatives include investing in ethical businesses, Sharia-compliant real estate, halal investment funds, developing valuable skills for entrepreneurship, and engaging in honest trade and service-based ventures. Checkmyguest.fr Reviews

Is Hobiestradingroom.com suitable for beginners?

While the “copy my trades” model might seem appealing to beginners due to its simplicity, it’s highly risky as it discourages genuine understanding of financial markets and places capital at high risk without proper education.

What kind of “mentorship” does Hobiestradingroom.com offer?

The website mentions “access to mentorship trajectories” and “Zoom group coaching,” but specific details about the curriculum, mentors’ qualifications, or pricing for these programs are not disclosed.

Does Hobiestradingroom.com use leverage in its trades?

The website does not explicitly state the use of leverage. However, speculative trading platforms often involve leverage, which significantly amplifies both potential gains and losses, and usually involves riba.

Can I trust the performance claims of Hobiestradingroom.com?

The website does not display specific historical performance data or disclaimers.

Without verifiable, independently audited performance data, any implied or explicit claims should be viewed with extreme skepticism.

Is Hobiestradingroom.com available in English?

No, the website is primarily in Dutch, which suggests it is not primarily targeting an English-speaking or U.S. audience.

What should I do if I suspect a scam related to online trading platforms?

If you suspect a scam, immediately cease all engagement, disconnect any linked financial accounts, report it to your financial institution, and consider reporting it to relevant financial authorities or consumer protection agencies in your jurisdiction.

What information should I look for before joining any online trading platform?

Always look for clear regulatory licenses, transparent terms and conditions, prominent risk disclaimers, verifiable company background, and a clear understanding of their revenue model.

Prioritize platforms that promote ethical investments and avoid excessive speculation.