The decision to invest in binary trading may be high-risk/high-profit, and many individuals make this choice without fully understanding what they are putting themselves into. For instance, different broker houses provide various services, and our HBC review will provide you with all the information you want regarding HBC binary brokers.
Is HBC Broker a Licensed Broker?
If you have worked hard for your money and want to invest it in binary options, the first thing you need to do is locate a broker house that is reputable and operates within the law. However, this is easier said than done, and this industry has a poor reputation for being filled with scam websites and malicious organizations. In addition, this sector has a bad reputation. When it comes to HBC, they are not regulated by CySEC or the FCA, or any other reputable regulatory body in the world of binary trading. Neither is any other regulatory body. The existence of this fact should serve as a warning signal to any prospective investors; however, the “problems” with HBC do not end there.
Why Should Not You Trust an Unlicensed Broker?
In the case that a broker is unregulated or is regulated by an institution that is located outside of your country, you have very little to no legal remedies available to you in the event that your money is stolen. Complaints may only be filed against a broker in the case of theft if the regulator in your jurisdiction has issued that broker with a license.
If the regulatory body in your country does not provide a license to a broker, it is very probable that the broker is uncontrolled and you should avoid doing business with them. Even if the brokerage is regulated, it is still in your best interest to steer clear of it if the regulator is located in a different country.
Is HBC Broker Can Be Trusted?
Never, this platform should be trusted anymore. They have several issues with their regulation and authorizations. In this kind of situation, this kind of company should be trusted.
Warnings From Financial Regulators
Both the FCA and CySEC have previously issued warnings about the risks associated with using this platform. They issued a warning to investors, stating that this platform is engaging in questionable activities and that investors should not trust them.
What Do Traders Think Of HBC Broker?
We have found several negative reviews from the traders’ side. We researched social media and several online forums to get the idea of traders regarding HBC broker. And as expected we found so many negative reviews.
Platform Offered by HBC Broker
HBC Broker provides its customers with access to the MetaTrader 4 (MT4) platform. Because of how easy it is to use, the platform has garnered a significant following within the industry, and it is now considered a standard. One of its main strengths is that it is easy to run automated systems (called Expert Advisors, or EAs).
The platform, however, can suffer if you place too many instruments on it.
Country Serving by HBC Broker
This company is currently operating in the UK, USA, and Cyprus.
HBC Broker Range of Trading Markets
HBC Broker provides clients with a leverage ratio of 1:400. This is pertinent to the present offers that are being made by various brokers, some of whom are offering levels of 1:500 or even higher. For example, XM provides a ratio of 1:888.
You may already be aware of this, but excessive leverage may be a double-edged sword. It has the potential to significantly boost your earnings, but it will also have an equivalent influence on your losses. Before you put your money at risk by engaging in margin trading, you should make it a priority to ensure that you have a solid grasp of both the fundamentals and the inherent dangers of the practice.
Minimum Deposit and Withdrawal Terms of HBC Broker
HBC Broker demands a client’s first deposit to be at least $250. This is a little more than the $100 industry norm. It is important to remember that such deposits are insufficient for trading on the world’s financial markets.
Ways to Make a Deposit
HBC Broker provides a variety of options for making deposits and withdrawing funds. The following payment methods are acceptable: Bank Transfer, Credit/Debit Card, WebMoney, Neteller, and Skrill.
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