Never trade with HBC broker! Whole truth in HBC binary options review!

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HBC Binary Options Review

Rating:

HBC broker can be appealing from the exterior with its well-designed website and generous bonuses. However, our investigation of this broker has come to a conclusion that HBC broker is in the industry just to steal hard-earned money of its clients. Why? We will tell you everything now.

Min. Deposit: $250 Demo: N/A

Platform: Custom Bonus: N/A

Regulation: N/A US Clients: N/A

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

About the Company

When you sign up with the binary options broker, you expect the firm to be licensed by the reputable authority, such as FCA or ASIC. In the case of HBC broker, there is no confirmation of any widely recognized regulation. The broker is said to be licensed in Vanuatu, using the offshore company called MPG Invest Ltd. This is the warning sign for you.

The website itself is accessible only in two languages, namely English and Russian. Apparently, the broker does not accept clients from the US.

Account Types

To open the trading account, you need to fill in a short registration form. The real account can be opened only in EUR or USD. The demo account is available too.

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As the part of its services, HBC broker offers 3 types of the live trading account. These include Silver, Gold, and Diamond. The minimum deposit requirement for Silver at HBC starts at $1,000. This is too much for the smallest trading account. In turn, Gold account requests $10,000 deposit, whilst the investment barrier for Diamond is $50,000. Additionally, HBC offers variable spreads.

Generally, there is nothing special about trading accounts at HBC. They repeat each other in terms of features, not to tell about high costs.

HBC also offers Asset Management Services for high-net-worth individuals, but they are not worthwhile.

Trading Platform

The trading software utilized by the broker is definitely not the best choice. Just a few brokers employ Panda platform, including HBC. All these brokers have questionable a reputation.

HBC platform provides an access to 5 binary options types:

The asset types available on this trading platform are indices, currencies, commodities and stocks. The broker offers MT4 as well, but we do not recommend to download it from the scam.

Customer Support

HBC binary options broker can be contacted using email or phone. No local client support centers are available. HBC is supposed to provide FAQ to clarify all the important questions. However, when you click on it, you will only see “Page Not Found”.

Deposits and Withdrawals

In order to fund the account or make the withdrawal, the trader can use credit/debit cards, wire transfers and e-wallets like Skrill, Neteller, and WebMoney. It is required to use the same payment method for all operations at HBC broker. Depositing funds using wire transfers is not advantageous, since it takes minimum 5 days for the money to be credited to the account. This applies for the funds withdrawal as well.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

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HBC Review

Minimum deposit

Bonus

Maximum leverage

Year founded

Regulation

Trading platform

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

Investing in binary trading can be a high-risk/high-profit endeavor, and many people decide to go on those adventures without knowing what exactly are they getting themselves into. For instance, different broker houses offer different things, and our HBC review will tell you all you need to know about HBC binary broker.

HBC review – History of the company

Just like in any other line of business, experience and tradition are important in the financial world as well. As a matter of fact, people will have more trust if a company has a long-lasting history and presence in the sector. Unfortunately for HBC, this broker does not have such a long tradition in the world of binary options.

They started to offer binary trading quite recently, in 2020, but the actual origins of this enterprise go all the way back to 1997. In that period, they were providing advisory services, and the company was called JFC Consult. However, they changed their name and structure in 2008, and as we have already said since 2020 HBC binary broker is offering their platform to millions of traders.

HBC Opinion – Licenses and Regulation

If you want to invest your hard-earned funds in binary options, the first thing you need to do is to find a reliable and legitimate broker house. But, this can be easier said than done, and this sector has a bad reputation for being full of scam sites and malicious organizations. When it comes to HBC, they are still not regulated by CySEC or FCA, nor by any other reputable regulatory body in the binary trading world. This fact is a proper red flag for potential investors, but the “problems” with HBC do not stop there. More of them are highlighted in our HBC review.

HBC broker is owned by a company named IVA STAR LTD, and a knowledgeable financial “guru” Julian Schmidt is the man behind their entire project with binary options. However, this company is a typical off-shore organization, stationed in Commonwealth of Dominica. Similarly, HBC is apparently “licensed and regulated” in Vanuatu, under the name MPG Invest Limited. If this is not enough to warn you about the suspicious activities of HBC binary broker, then we honestly don’t know what will.

HBC broker – The trading process

Trading conditions with HBC binary broker are pretty much the same as with the majority of other broker houses on the market. Several types of accounts are on offer, and besides the demo account, clients can choose between Silver, Gold, and Diamond account. The most basic type starts at $250 with a minimum deposit amount, and clients who invest $50.000 will have a proper VIP treatment as a part of the services that are included in the Diamond type of accounts.

Traders can spend only $5 per trade, which is a very low amount, in comparison to most other trading providers. HBC claims that they offer 81% of returns, and this tantalizing carrot is not the only method by which they are trying to attract gullible investors. The Bonus feature, with 50% welcome bonus, is a similar technique, and this amount, of course, comes with complicated terms and conditions.

HBC reviews on software platform

Traders who decide to invest with HBC after all these facts will have access to more than 100 assets, and they will be able to trade in several methods, including high/low, range, short-term, and one touch binary options. As was found out by HBC review, it uses a platform provided by Panda TS, and this software solution is certainly not one of the best platforms out there. It is available in only two languages, Russian and English, and there is CopyTrade feature integrated into the system. Additionally, HBC offers mobile applications, and they are available for both iOS and Android users.

HBC scam with banking methods

The safety and protection of their funds and personal information are the primary concerns for prospective investors, and this is entirely reasonable behavior. We all want to keep our money safe, and this basic survival instinct is particularly strong when it comes to large sums of our funds. When it comes to HBC broker, there is no claim of them using encryption to protect client’s data, and this is a questionable practice, to say the least.

However, they offer a broad range of banking methods for depositing and withdrawing money, and these options include WebMoney, Skrill, Neteller, and so on. Also, the most significant credit and debit cards are also supported, just like wire transfers are as well. The usual time it takes for transactions to complete is four business days, but if you are one of the rare owners of the Diamond account – your transfers will be completed in seconds.

HBC opinions

As you could see in our HBC review. HBC broker is not a reliable and professional company, and clients should not invest their funds with this broker house. If a financial institution is not regulated by a reputable governing body, no one can guarantee the safety of your money or the protection of your personal information. That is why we advise you to look for a different brokerage company.

The reputation of this broker is doubtful!

We do not trust this broker and do not recommend it to you.

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Marcio

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HBC Broker is a forex brokerage created by Julian Schmid a self-professed experienced financial consultant who established it back in 2020. As a broker the company has roots dating to around 1997, when it was called JCF Consult and was considerably small back then. The present name i.e. HBC Broker was coined in 2020, and that’s when it started to grow after a successful rebranding effort.

The financial brokerage claims that despite a thorough revamp of its corporate image, the essence of what the firm represents hasn’t changed. It still offers clients a very unique type of capital management system via online trading software.

How reliable is HBC Broker?

We did a little research to find that in fact HBC Broker is owned by an entity called IVA STAR LTD. Also, the brand quite well known in the internet trading community. That makes sense because it has been very active since back in 2020.

Though established in 1997 as a consulting business called JCF Consult, they revamped their image in 2008 to ensure better brand recognition. If anything it has helped the business grow significantly these past few years.

Admittedly HBC Broker has some work that’s still left to do before it is able to be considered on par with other brands. So, it is by no means an industry leading broker though it can be considered pretty close.

Plus, it’s branding still has some way to go because many brokers are still not familiar with it and if in fact, it is a legit broker that they can trust despite having a great deal of experience.

HBC offers many features to it’s potential users

After careful consideration and research, we found that HBC Broker is capable of providing the services its promises. So, clients can expect exactly what the firm advertises in the way of financial services.

Let’s start with the trading platform which is powered by Panda TS which happens to be a leading online trading software solutions provider in the financial industry. Panda TS’ software has over the years been adopted by an array of brokers from across the world. Hence it has proven to be efficient and extremely reliable.

The trading platform is the foundation of any broker’s financial operations. It is for this reason that choosing Panda TS was a good move on behalf of HBC Broker. Without a good trading platform, traders will not be able to execute their trades as expected causing frustration.

The other very important aspect of HBC Broker is their support. Regardless of a trader’s experience level there comes a time when they require assistance. Many experienced brokers may also want to call the company for resolution of technical problems. HBC Broker seems to have invested lots of time and effort in organizing and positioning their customer support.

The support works to establish a long term relationship with clients. In addition, the company has made sure that their support library and their educational material is up to date. So, traders can seek and get the training they require to improve their knowledge of the industry, platform and trading in general.

HBC Broker has also made it incredibly easy and convenient for traders to contact customer support by providing a service which works 24 hours a day and five days a week. So, clients can call the broker at any time or even send their support team an email and expect a response soon after.

HBC Broker has over the years worked on ensuring that all customers are extremely satisfied with the service. The focus on good customer service has been since its early days back in 1997, which has stood the test of time and its recent rebranding efforts. Staying true to the broker’s motto and goal.

The Trading Platform

HBC Broker offers its clients access to two trading platforms depending on what they want to do. Both platforms are developed by Panda TS, which is a leading developer of trading platforms for financial services. Clients who are interested in spot trading Forex can use the WebTrader while those wanting to trade Forex can use the other platform which too is powered by Panda TS.

The platform is sleek and easy to use

Both trading platforms offered by HBC Broker are very easy to use for any trader. Forex Traders also have the option of trading via their smart mobile devices or smartphones by downloading the trading app from either Apple’s App Store or Google Play for Android users.

Unique Feature Set

In an effort to build a long term relationship with clients, the broker has focused a lot on offering a detailed educational program. The educational program is provided free for customers.

Additionally, traders can benefit from an array of various trading tools like free technical analysis, thematic TV room, and an economic calendar. All of these tools are meant to keep brokers up to date on the latest happens in the industry and which directly influences their trading decisions.

Trading Options

In addition to spot forex, the broker offers clients access to five different contracts via their trading platform. These options include:

Types of Trading Accounts

Traders using HBC Broker have access to four types of trading accounts. The regular trading account is meant for mainly beginners, and they can then upgrade to 3 other VIP accounts.

The tutorials help new traders get up to speed

Regular Trading Account Type

  • Min. required deposit is $250
  • Meant for newbie traders
  • Complete access to trading tools and the educational library
  • Also, offers forex options trading

Silver Account

  • Min. Required Deposit is $1000
  • Complete Risk & Asset Management Service
  • Customized Financial Planning
  • A Personal Trading Analyst

Gold Account

  • Min Deposit is $10,000
  • The added benefits of the Silver Account
  • Excellent Spreads
  • Spot Forex Trading Option

Diamond Account

  • Min Deposit of $50,000
  • The Added Feature benefits of the Gold Account
  • Express Withdrawal Using MasterCard
  • A Complete Quarterly Trading Plan
  • Fully featured demo account

While investors can take advantage of the accounts mentioned above, HBC Broker also offers traders the use of a demo account. The demo account allows traders to familiarize themselves with the platform and trading in general.

With the Market Rates feature, you can easily stay up to date on the current forex rates

Payout Spreads

The payable spreads on all spot forex trades start from around 3 pips for EUR/USD. The company also offers traders the option of using floating spreads, but those are only available for traders with a diamond account.

Asset On Offer

Investors can trade an array of assets. Assets provided by HBC Broker cover all the major currency pairs like stocks, market indices, and commodities. It is estimated that traders have access to over a hundred different asset types which can be traded via HBC Broker.

Customer Service

Customer support is HBC Broker’s strong suits and is available 5 days a week and 24 hours a day via the web contact form and email. Live calls are available from 9-1800 GMT+1. Emails are answered promptly and comprehensively.

Final Verdict

We can safely say that HBC Broker is an entirely reliable broker that traders can trust with their money. Traders make money owing to favorable trading conditions and the easy to use the platform.

However, there are areas where the broker could improve so that it can rank amongst the top brass of the trading industry. We are hopeful that HBC Broker will soon implement live chat support which significantly reduces the time it takes to answer queries and fix issues.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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