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HB

WikiFX | 2024-08-05 17:24

Abstract：Registered on Aug 17, 2007, HB used to be regulated by VFSC (Vanuatu Financial Services Commission) but the license was revoked on Jun 8, 2019. The broker currently claims to be regulated by FCA (Financial Conduct Authority), but the license is suspected to be fake clone. Its official website is not functional so far, so there's limited transparency on its background and trading conditions. From minimal information we got to know that the company provides demo account and the well-acclaimed MT4 trading platform.

Note: HB's official website: https://www.fxhb.com/ is currently inaccessible normally.

HB Information

Registered on Aug 17, 2007, HB used to be regulated by VFSC (Vanuatu Financial Services Commission) but the license was revoked on Jun 8, 2019. The broker currently claims to be regulated by FCA (Financial Conduct Authority), but the license is suspected to be fake clone.

Its official website is not functional so far, so there's limited transparency on its background and trading conditions. From minimal information we got to know that the company provides demo account and the well-acclaimed MT4 trading platform.

Is HB Legit？

The broker's regulation by VFSC ((Vanuatu Financial Services Commission) was revoked on Jun 8, 2019 with official notice.

Currently, the company claims to be regulated by FCA (Financial Conduct Authority), but the Appointed Representative(AR) license with number 789267 is suspected to be fake clone. This is a sign that the company might not comply to the rules of any regulatory bodies.

	Financial Conduct Authority (FCA)
Current Status	Suspicious Clone
Regulated by	United Kingdom
License Type	Appointed Representative(AR)
License No.	789267
Licensed Institution	HUIBAO GLOBAL MARKETS LIMITED

Downsides of HB

Unavailable website: HB's website cannot be opened currently. We can't test their trading conditions and trading platforms.

Lack of transparency: The unavailable website and limited info through internet about the company leave traders in the dark about its current operational status and trading conditions.

Regulatory concerns: The FCA clone status of its regulation indicates less compliance to industry standards and customer protections of the broker. Trading with HB is of high risk.

Absence of customer service channels: HB does not provide any info on contact ways. Reliable brokers never behave like this.

Conclusion

In summary, HB is labeled as a dangerous broker with high risks to trade with. The company is under suspicious FCA clone status and does not maintain functional website or customer service channels for trader interaction. Lack of transparency of the broker makes it uncertain if the company already ceased operation or not. You should turn to those properly regulated brokers for better trading experience and fund safety.

Broker Dealer Forex trading

Related broker

Not Regulated

Company name：HUIBAO GLOBAL MARKETS UK LIMITED

Score

1.61

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.61

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