Han Ba

Note: Han Ba's official site - https://hanbaltd.com/en/index is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

What is Han Ba？

Han Ba Ltd, based in the United States, operates without proper authorization from the National Futures Association (NFA).

Pros & Cons

Cons:

Unauthorized NFA Regulation: The company operates without proper authorization from the National Futures Association (NFA), raising concerns about regulatory compliance and client protection.

Dead Website: The website is non-functional, which is a red flag for potential clients looking for reliable and up-to-date information.

No Trading Software: The absence of trading software suggests a lack of a trading platform, limiting clients' ability to execute trades efficiently.

Limited Customer Service: Customer service is limited to email communication(support@hanbaltd.com), potentially causing delays in issue resolution and lacking the immediacy of real-time support.

Lack of Info on Trading Conditions: Important details such as leverage, available market instruments, spread, commission structure, and minimum deposit requirements can not be found due to the dead website, resulting in a lack of transparency about the trading conditions.

Is Han Ba Safe or Scam？

• Regulatory Sight: The regulatory status of Han Ba is currently categorized as “Unauthorized” by the National Futures Association (NFA). Han Ba holds a Common Financial Service License, and the regulatory oversight is claimed to be under the United States. The license number provided is 0558987. Traders and investors should exercise caution when dealing with unauthorized entities, as it poses risks to their investments and financial transactions.

• User Feedback: The user feedback for Han Ba indicates that the platform made an offer of a free stock book and recommended signing up for a bank account and opening a foreign exchange account through a suggested website. The user followed the recommendation and opened a UF JPRO account through KakaoTalk. The mention of a free stock book and the process of opening a foreign exchange account suggests a promotional or marketing aspect. Still, further information is needed to assess the user's overall satisfaction or concerns with Han Ba, but users should be more cautious about this broker.

• Security Measures: So far we haven't found any information about the security measures for this broker.

Customer Support

Han Ba's customer support is provided exclusively through email, with the designated email address being support@hanbaltd.com. This limited customer service channel presents challenges for users who prefer or require real-time assistance or have urgent inquiries. Additionally, the company's physical address is listed as 96 WADSWORTH BLVD NUM 127-3255, LAKEWOOD, CO 800226, U.S.A. However, the absence of other contact options, such as phone support, impacts the accessibility and responsiveness of customer support for users.

Conclusion

Han Ba operates without proper authorization from the National Futures Association (NFA) and lacks a functional website, raising significant concerns about regulatory compliance and transparency. We do not recommend this broker to any user.

Frequently Asked Questions (FAQs)

Q: What is the regulatory status of Han Ba？

A: Han Ba is categorized as “Unauthorized” by the NFA, indicating a lack of regulatory approval and potential risks for traders.

Q: Does Han Ba support MT4 or MT5？

A: No, it supports neither.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.