HBC Broker Review
- Licensed and regulated by the island of Vanuatu
- A plethora of trading tools
- A huge range of trading education including trading courses and webinars
- Multiple deposit methods including credit/debit cards, bank wire and a variety of ewallets
- $250 minimum deposit
- Many trading instruments
- Offshore license makes some traders wary
- A large line of complaints
- Does not accept U.S. traders
- Fixed spreads are higher than most
- Only 1 platform
According to the HBC Broker website, this organization was founded back in 1997 when Julian Schmid and 2 other financial experts started JCF Consult which was designed to offer customized financial investment plans.
In 2010, the company re-branded and became HBC Broker, the HBC standing for Honest Brokers Collaboration.
In 2016, the HBC Broker trading website was created. I am not sure if Julian Schmid is still a part of the ownership, as it is listed as being owned by MPG Invest Limited who is based in Vanuatu under the main ownership of MPG Partners in Bulgaria.
Originally, HBC Broker only offered binary options but has integrated Forex and CFD trading into their offerings. Leverages can be up to 400 to 1 which is average for many brokers.
HBC Brokers is still best known for brokering binary options.
HBC Broker Trading Platforms
Originally, HBC Broker utilized the Panda TS trading platform but after adding Forex and CFD trading, they have moved forward into the popular MetaTrader 4 trading platform.
It is a good platform and has a variety of charts and graphs integrated to help you make the wisest trades.
HBC Broker also offers mobile applications that give all the same benefits as the desktop version. Your personal account manager will help you get those apps.
One last thing, you can test out the platform with a demo account through HBC Broker. This can help you understand the platform before risking your hard earned money.
HBC Broker Trading Markets
HBC Broker has a wide range of instruments you can trade in:
- Forex – HBC Broker offers over 45 Forex pairs.
- Metals and energies – There are 6 options to trade in.
- Indices – Traders can invest in any of 18 indices.
- Stock shares – You have a wide range (over 40) shares you can trade in.
- and Commodities – Over 10 commodity instruments are available.
You will have no trouble finding the best markets at HBC Broker.
HBC Broker Customer Support
HBC Broker has live chat available and when you create an account, you will be provided a personal account manager.
It seems this broker knows that customers are the most important aspect of the business, so they give you many methods to contact customer support to answer questions or solve any issues.
You can contact them 24 hours per day 5 days per week.
HBC Brokers Security & Fairness
HBC Brokers are licensed and regulated in Vanuatu. While that regulation is not the top of the heap, it is still better than no license at all.
The broker does abide by all anti-money laundering regulations, so before they process a withdrawal, you will have to submit compliance documents to ensure you are who you say you are.
All customer funds are held in separate accounts.
HBC Brokers also has a SSL certificate to ensure your information is secure when depositing funds.
HBC Broker Summary
At first look, HBC Broker seems to be a good broker, but when we take a look at the many reviews, we find many disgruntled traders.
The website is available in English, German and Russian.
While offering CFD and Forex trading, HBC Broker is best known for offering binary options trading on their platform with returns as high as 85%.
Hopefully HBC Brokers gains a better reputation and seeks licensing from a higher source such as CySEC or FSC.