Never trade with HBC broker! Whole truth in HBC binary options review!

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HBC Binary Options Review


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.

Min. Deposit: $250 Demo: N/A

Platform: Custom Bonus: N/A

Regulation: N/A US Clients: N/A

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About the Company

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.

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.

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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:

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

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.



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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.

HBC Broker Review 2020

While the story of HBC Broker actually began in 1997, it is from 2020, when major rebranding took place, that this binary and Forex broker became known to the public at large. They are a trading name of IVA STAR LTD, Edinburgh, Scotland.

With powerful and indicative name – Honest Brokers Collaboration – this regulated broker strives to provide the best possible service to their registered traders. And they do so while upholding their core values – reliable management of the traders’ funds and unique capital management opportunities.

That prompted us to present interested South African traders a HBC Broker review which will highlight the most important details pertaining to this interesting broker.

HBC Broker General Information

Knowing that the minimum deposit plays a big role in the overall decision when traders set out to select a broker, in our HBC Broker review we first took a look at that.

We found that this binary broker holds with the average minimum deposit of $250. Later on, traders may add as many funds as they want to their trading account. The minimum trade amount is $10.

Currencies which can be used to fund the account are USD and EUR.

Their return rate can go from 65% up to 81%, depending on the trade options selected.

This binary broker is available on Binary Options Robot auto trading software!

HBC Broker Trading Platform and Features

Further in our HBC Broker review, we discovered that they make us of the Panda TS trading software which provides a modern, innovative but simple trading platform. The navigation of the HBC Broker trading platform should not present any issues for South African traders.

We also found that they offer an interesting selection of trade options: High/Low, One Touch, Range Options and Hyper.

Trader can also use the “Follow Leaders” option in which they can monitor the best traders and copy their trades.

South African traders may find more info about trade options in the tab at the top of their trading platform named “How To Trade” and then proceed to Option Types.

There is also a range of expiry times such as 30 seconds, 60 seconds, 2 minutes, 5 minutes, 10 minutes etc.

They also provide their traders with the usual categories of underlying assets – commodities, indices, currencies and stocks as well as Forex.

In our HBC Broker review, we also inspected which trading features and tools they offer to their registered traders. We were not surprised to find that this modern broker provides both a mobile trading app and possibly a demo account as well.

The mobile trading app is an exceedingly handy trading tool, especially in the frantic pace of life plenty of traders have to deal with. They need a swift access to markets in order to trade binary options and HBC Broker made sure their traders have that possibility.

With the mobile trading app the traders may carry out their trades on the go and not only save time but also increase their profits since they can trade at any time and any place.

Their mobile trading app is available on both iOS and Android devices. The mobile app provided by HBC Broker replicates all the main features present on their standard trading platform such as:

  • Management and access to the trading account
  • Real-time trading on the go
  • Trading with indices, currencies, stocks and commodities
  • No additional fees

In our HBC Broker review, we also found they provide the demo account.

According to the information on their site, the demo account is available for the Forex trading. We advise South Africans interested in this broker to contact their customer support service and further enquire if the demo is suitable for the binary options trading platform as well.

The demo account is especially useful for novice traders as it provides a risk-free trading environment since the funds are virtual.

Traders get a chance to test various trade options, strategies, and various underlying assets. But, the demo account is a handy tool in general as traders get to slowly learn and gain experience about the trading process in general.

In order to help their registered trades further, HBC Broker review also have an “Education Centre” tab which contains plenty of helpful information about the trading process.

The HBC Broker educational materials contain a Glossary, Webinars, Video Tutorials and Trading for Beginners.

There are also sections in “How to Trade” tab which provide further information on deposits, withdrawals, trading instruments, account types, mobile trading and option types.

HBC Broker Trading Account Types

Another very important aspect of any binary options broker is the selection of account types they offer so in our HBC Broker review we also took a look at what they provide.

We have found that they provide the basic trading account as well as three additional VIP trading accounts and each is equipped with specific features.

However, this broker also provides basic services such as access to the analytical information, technical analysis, economic calendar, a personal account manager as well as signals for each account.

HBC Broker Silver Account

  • Minimum deposit from $1,000 – $9,999
  • Possibility to trade binary options
  • Personal trading analyst available
  • Asset and risk management support
  • Financial plan – individual

HBC Broker Gold Account

  • Minimum deposit $10,000 – $49,999
  • Possibility to trade both Forex and binary options
  • Personal trading analyst available
  • Asset and risk management assistance
  • Financial plan – individual
  • Fixed spread – 3-pips EUR/USD

HBC Broker Diamond Account

  • Minimum deposit from $50,000
  • Possibility to trade both Forex and binary options
  • Personal trading analyst available
  • Asset and risk management assistance
  • Financial plan – individual
  • Trading plan – quarterly
  • Quick withdrawals via MasterCard
  • Floating spreads

HBC Broker Customer Support Service

Customer support service is of enormous importance when it comes to the quality of binary options brokers.

It is the customer support service that communicates the most with traders and whom traders turn to first when they have additional questions or need help in resolving an issue.

In our HBC Broker review, we discovered that South African traders can contact the support services via email at [email protected] or via phone +442038683295.

However, in their Contact us section, this broker has also provided a simple web form traders can use to leave a message.

According to the info available on their site, their customer support service is available 24/5.

We hope they shall soon introduce a Live Chat option soon as this is the quickest way for traders to get in touch with the customer support and would also add to the overall quality.

HBC Broker Banking

The last section in our HBC Broker review we shall inspect their banking information and the security they provide on their trading platform.

According to the info available on their site, HBC Broker utilises the standard SSL protection which is visible the moment South African traders inspect their trading platform as the green HTTP letters are visible in the URL area.

Additionally, they also keep with the so-called KYC policy which requires that traders supply certain documentation such as: copy of the valid passport, a copy of the card used to made the deposit, a copy of the utility bill as well as a signed purchase history of the traders’ online purchase with the HBC Broker.

South African traders intending to use this broker are advised to provide these documents as soon as possible so as to later avoid any delays when it comes to processing their transactions. The scan of these documents can be sent to [email protected] .

This measure is put in place to prevent fraud, identity theft and money laundering.

When it comes to withdrawals, traders can do it via the same payment method used to make the initial deposit.

Payment methods available to South African traders with HBC Broker are:

  • Bank transfer
  • Credit and debit card – Visa and MasterCard
  • E-wallets – Skrill, WebMoney and Neteller

The withdrawal requests can take up to four days to be approved. Withdrawals done via credit or debit cards are processed instantly upon approval. For e-Wallets, the minimum withdrawal is set at $100 or 100€.

They do mention a low withdrawal fee for e-Wallets but they do not provide the specific information so traders are advised to contact their provider for more details.

South African traders who have more questions about withdrawals/deposits are instructed to contact their account manager.

Best Binary Options Brokers 2020:
  • Binarium

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    Free Demo Account!
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  • Binomo

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