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.
hnc logo
Min. Deposit: $250           Demo: N/A

Platform: Custom             Bonus: N/A

Regulation: N/A                 US Clients: N/A

Sign up with IQ option Now
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

About the Company

hbc broker home

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.

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.

hbc account types

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:

  • Call/Put
  • Above/Below
  • Range
  • Touch
  • No Touch

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

hbc broker deposits

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.

Open an IQ option Account

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Conclusion
Date
Item
HBC Broker
Rating
11stargraygraygraygray