HBC Broker Scam Review

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HBC Broker Review – 5 things you should know about HBCBroker.com

Beware! This is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

HBCBroker offers forex and CFD trading to its clients. You may be wondering if you should invest your trading capital with them? In this review we will tell you five things you need to know before investing with them.

1. Will your money be safe at HBCBroker?

HBCBroker is owned by MPG Invest Limited. The company is registered in Vanuatu and is licensed by the local VFSC. We generally don’t recommend dealing with off-shore companies as they may not be regulated as strictly, as you desire.

As you may know, financial regulators are state entities which impose rules on companies in order to protect the interest of their clients. For instance, the popular Cyprus Securities and Exchange Commission (CySEC) has certain conditions which a broker must fulfill, in order to receive a license. One of them is the mandatory participation in a compensation scheme – a procedure by which the company sets aside a portion of its profits in order to guarantee clients’ funds, in case the broker goes bankrupt. All accounts with CySEC regulated brokers are guaranteed up to EUR 20,000. This is something which you will not get with an off-shore broker.

Vanuatu’s VFSC only requires $2,000 for a company in order to register it as a broker. HBCBroker may be a legitimate company, but this regulation is not enough to confirm that.

2. What are the different account types?

HBCBroker offers three account types, based on a client’s initial investment. The accounts are as follows:

Account type Minimum deposit Maximum leverage Spread
Silver $ 250 1:400 Variable, starting at 1.8 pips
Gold $3000 1:400 Variable
Brilliant $25,000 + 1:400 Variable

3. What are the trading conditions?

As you can see from the previous table, HBCBroker offers high leverage – 1:400. That is in line with the current industry standard. Keep in mind that high leverage carries higher risk for your trading capital. That is why some regulators have imposed much lower limits on leverage levels – the US N at ional Futures Ass otiation has capped it at 1:50.

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A screen shot of the spreads on some of the FX majors

HBCBroker claims they offer variable spreads, starting at 1.8 pips for EUR/USD. Our test of their platform showed vastly different conditions – a fixed spread of 3 pips for EUR/USD. This is not competitive with today’s standards, as most fixed spread brokers offer around 2 pips for the pair. On the other hand floating spread broker offer even better conditions. The current average floating spread on this pair is somewhere in the 1.0-1.5 pips range.

The company offers a lot of trading instruments. They range from currency pairs, to CFDs on metals, commodities, indices and even a few stocks. This may be considered an advantage, but it doesn’t serve much purpose with the high spreads.

4. What platforms are being offered?

The company offers MetaTrader4 to its clients. The platform has proven itself over the years, as traders enjoy its simplicity. With solid charting capabilities and support of automated systems (Expert Advisors or EAs), the platform has won fans around the world.

Some experienced traders dislike the lack of detachable modules, which limits the ability to support multiple monitors.

5. What are the deposit and withdrawal methods?

HBCBroker offers a lot of payment options. They include:

  • Bank Transfer;
  • Credit/Debit Card;
  • WebMoney;
  • Neteller;
  • Skrilll


HBCBroker is a forex broker, regulated in Vanuatu. This does not inspire a lot of trust. It is better than no regulation, but not quite the same as being licensed by a more stringent watchdog. However regulation is not the main issue with the broker – the trading conditions are unattractive. With a 3 pips fixed spread on the most liquid currency pair HBCBroker should not be on your radar. Even if the broker is not a scam, you can find much better conditions elsewhere.

HBCBroker offers forex and CFD trading to its clients. You may be wondering if you should invest your trading capital with them?


Fighting online scams since 2020

HBC Broker is a scam broker

Another national regulator has published a warning against HBC Broker.

HBC Broker was subject to a warning from the British Financial Conduct Authority in the past, now it has made it to the black list of the Australian ASIC.

HBC Broker is seeking customers not only in the EU, but also in Australia and other countries. On its website the broker claims that it belongs to Trading Point Holdings and that it is regulated in Australia, News Zealand, Britain and Cyprus.

But it is not true, HBC Broker does not belong under this brand and it is not regulated at all. It is a scam broker.

For trading use regulated brokers only.

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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.

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