English

HAC foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://hacsecurities.com, about the company's legal and temporary regulatory information, the company's address 4-5 Motijheel C/A, Dhaka - 1000.

HAC Forex Broker

Basic Information

Registered Region

Bangladesh

Operating Period

Company Name

HAC Securities Limited

Abbreviation

HAC

Company employee

Customer Service Email Address

info@hacsecurities.com

Contact Number

0247113501

Company Website

https://hacsecurities.com

Company address

4-5 Motijheel C/A, Dhaka - 1000

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

HAC Review Summary Registered Country/Region Bangladesh Regulation No Regulation Services BO Account Opening, Mobile Trade Service, IPO Application, BEFTN Payment, Online Deposit, CDBL DP Services Demo Account Unavailable Trading Platforms Mobile APP Customer Support Phone Number: 880-1914664781 Email: info@hacsecurities.com Address: Hac Securities Limited; Room No-610, 9/F, DSE Building, Motijheel Commercial Area, Dhaka 1000 Contact form What is HAC？ HAC is an unregulated trading platform based in Bangladesh, providing clients with a wide range of financial services. These include BO Account Opening, Mobile Trade Service, IPO Application, BEFTN Payment, Online Deposit, and CDBL DP Services. The platform offers various account types and mobile trading platforms, ensuring accessibility and flexibility for traders. Pros & Cons Pros Cons Convenience No Regulation Specialized Account Types Multiple Customer Support Channels Pros: Convenience: Hac Securities Limited offers a range of services, including BO Account Opening, Mobile Trade Service, IPO Application, BEFTN Payment, Online Deposit, and CDBL DP Services, providing convenience for investors to manage their investments and trading activities. Specialized Account Types: HAC Securities Limited offers specialized account types for Non-Resident Bangladeshi (NRB), foreign investors, and institutional clients, catering to a diverse range of investor needs and preferences. Multiple Customer Support Channels: HAC provides various customer support channels including phone, email, and contact form, enhancing accessibility and assistance for clients. Cons: No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform. Is HAC Safe or Scam？ HAC currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection. Services HAC provides a diverse range of services aimed at facilitating seamless and efficient trading experiences for its clients. These services include BO Account Opening, Mobile Trade Service, IPO Application, BEFTN Payment, Online Deposit, and CDBL DP Services. Whether clients are looking to open a BO account, trade on the go through mobile platforms, apply for IPOs, facilitate BEFTN payments, deposit funds online, or access CDBL (Central Depository Bangladesh Limited) DP (Depository Participant) services, HAC offers a comprehensive suite of solutions to meet their various trading and investment needs. Accounts The BO (Beneficiary Owner) Account Open for Individual & Joint is a streamlined brokerage product provided by HAC Securities Limited (HACSL), tailored for retail individuals looking to establish a diversified investment portfolio within Bangladesh's capital market. This cash trading account presents investors with a user-friendly and efficient platform to partake in trading activities encompassing various financial instruments such as equity stocks, bonds, Sukuks, and other listed securities. Additionally, HACSL offers specialized account types catering to Non-Resident Bangladeshi (NRB), foreign investors, and institutional clients, ensuring a comprehensive suite of options to accommodate diverse investor needs and preferences within the dynamic landscape of the capital market. How to Open an Account？ To initiate the account opening process for an individual account, clients can follow either of these options: Online Account Opening: Visit HAC Securities Limited's portal and download the account opening form. Fill out the form with the required details. Email the completed form along with the necessary supporting documents to info@hacsecurities.com. In-Person Visit: Alternatively, clients can visit either the HAC Securities Limited Corporate Office or any of its branches located in Bangladesh. At the office or branch, they will be assisted by the staff to complete the necessary paperwork and submit the required documents. To obtain more information, you can visit their website: https://hacsecurities.com Trading Platform HAC provides its clients with convenient mobile app trading platforms, accessible from both the App Store and Google Play. These user-friendly mobile apps empower traders to stay connected to the markets and execute trades swiftly and securely, regardless of their location. With features tailored for mobile devices, such as real-time market data, customizable charts, and intuitive order placement, HAC's mobile trading apps offer flexibility and convenience for traders on the move. Customer Service HAC provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience. Phone Number: 880-1914664781 Email:info@hacsecurities.com Address: Hac Securities Limited; Room No-610, 9/F, DSE Building, Motijheel Commercial Area, Dhaka 1000 Contact form Conclusion In conclusion, HAC offers an extensive range of trading services, various account types, mobile trading platforms, and a comprehensive and accessible customer support network, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform. Frequently Asked Questions (FAQs) Question 1: Is HAC regulated？ Answer 1: No. It has been verified that this broker currently has no valid regulation. Question 2: Does HAC offer demo accounts？ Answer 2: No. Question 3: What services does HAC Securities Limited offer？ Answer 3: HAC Securities Limited offers a comprehensive suite of financial services, including BO Account Opening, Mobile Trade Service, IPO Application, BEFTN Payment, Online Deposit, and CDBL DP Services. Question 4: What trading platforms does HAC Securities Limited provide？ Answer 4: HAC Securities Limited offers mobile trading platforms for convenient access to trading activities on the go. 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. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

HAC broker review

Is HAC safe or scam

Rating Index

HAC Forex Broker - Complete Information Guide

1. Overview of the Broker

　　HAC Broker, established in 2018, is a forex brokerage company headquartered in Dhaka, Bangladesh. This private entity has made strides in providing various trading services to clients around the globe. Despite its relatively recent inception, HAC Broker has positioned itself in the competitive landscape of forex and CFD trading. The company primarily serves individual retail traders and institutional clients, offering access to a wide array of financial instruments.

　　The development of HAC Broker has been marked by its commitment to creating a user-friendly trading environment. However, it is important to note that the company is currently unregulated, which raises concerns about its operational practices and client safety. The absence of regulatory oversight has led to warnings from industry observers, urging traders to exercise caution when considering HAC Broker as their trading platform.

　　HAC Broker operates as a retail forex broker, providing clients with access to forex trading, contracts for difference (CFDs), commodities, and indices. The company aims to deliver a comprehensive trading experience, although it lacks the established regulatory framework that many traders may seek. As the brokerage continues to evolve, it faces the challenge of building trust and credibility within the trading community.

2. Regulation and Compliance Information

　　HAC Broker currently operates without any formal regulation, which is a significant consideration for potential clients. The absence of oversight from recognized regulatory bodies raises questions about the safety of client funds and the overall integrity of the trading environment. As of now, HAC Broker does not hold any licenses from major regulatory authorities, which means it lacks the protections typically afforded to clients of regulated brokers.

　　The lack of regulatory compliance is compounded by the absence of a client fund insurance policy, leaving traders vulnerable in the event of financial mismanagement. Furthermore, HAC Broker has not participated in any investor compensation schemes, which are crucial for safeguarding client assets against broker insolvency.

　　To mitigate risks, HAC Broker has implemented basic Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. These protocols aim to ensure that the broker adheres to minimum standards of client verification and transaction monitoring. However, the effectiveness of these measures is difficult to assess without regulatory oversight.

3. Trading Products and Services

　　HAC Broker offers a diverse range of trading products, primarily focusing on the forex market. The broker provides access to a variety of currency pairs, including major, minor, and exotic pairs. Traders can engage in trading over 50 currency pairs, allowing for flexibility in trading strategies and market exposure.

　　In addition to forex, HAC Broker also offers contracts for difference (CFDs) on various asset classes, including commodities, indices, and cryptocurrencies. This broad product range enables clients to diversify their trading portfolios and capitalize on different market opportunities.

　　HAC Broker regularly updates its product offerings, introducing new instruments to meet the evolving needs of its clients. The company is committed to providing a comprehensive trading experience, although the specifics regarding the frequency of product updates or the introduction of unique trading instruments remain unclear.

　　For retail clients, HAC Broker offers a straightforward trading service designed to cater to individual traders. However, there is limited information available regarding any specialized services for institutional clients or the availability of white-label solutions and asset management services.

4. Trading Platforms and Technology

　　HAC Broker does not support the widely used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which may be a drawback for traders familiar with these platforms. Instead, the broker utilizes its proprietary trading platform, which is designed to offer a user-friendly interface and essential trading tools.

　　The brokers platform is accessible via web browsers, allowing clients to trade from any device without the need for downloads. Additionally, HAC Broker provides a mobile application compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

　　HAC Broker employs an execution model that is not clearly defined in the available information. However, it is essential for traders to understand the execution methods utilized by the broker, whether they are ECN, STP, or market-making models. The specifics regarding server locations and technological infrastructure are also not disclosed, which may impact trading performance.

　　API access for automated trading is not explicitly mentioned, which could limit the capabilities of algorithmic traders looking to implement automated strategies.

5. Account Types and Trading Conditions

　　HAC Broker offers several account types, each with distinct trading conditions. The standard account requires a minimum deposit, though the exact amount is not specified in the available information. The broker claims competitive spreads and commissions, but precise details are lacking.

　　Advanced account types, such as VIP or professional accounts, may be available, yet specifics regarding these accounts remain undisclosed. The broker also offers a demo account for traders to practice their strategies without financial risk, although the terms and features of this account are not detailed.

　　Leverage options at HAC Broker vary depending on the asset class, with the potential for high leverage ratios. However, the specifics regarding minimum trade sizes and overnight fees are not provided, which are critical factors for traders to consider when evaluating the overall cost of trading.

6. Fund Management

　　HAC Broker supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, the minimum deposit requirements for different account types are not specified, which could pose challenges for potential clients.

　　The processing times for deposits are not clearly outlined, nor are any associated fees mentioned. This lack of transparency can lead to uncertainty for clients looking to fund their accounts.

　　Withdrawal methods are similarly vague, with no detailed information on limitations or processing times. The absence of a clear fee structure for withdrawals can also raise concerns about the overall cost of accessing funds.

7. Customer Support and Educational Resources

　　HAC Broker offers customer support through multiple channels, including phone, email, and online chat. However, the availability of support during specific hours and the time zone coverage are not explicitly mentioned, which may affect clients in different regions.

　　The broker claims to provide multilingual support, although the specific languages offered are not listed. This could be a determining factor for clients who prefer assistance in their native language.

　　In terms of educational resources, HAC Broker appears to offer various materials, including webinars, tutorials, and eBooks. Additionally, the broker may provide market analysis services, including daily updates, news, and research reports to assist traders in making informed decisions.

　　Trading tools such as calculators and economic calendars are likely available, although specific details are not provided.

8. Regional Coverage and Restrictions

　　HAC Broker primarily serves clients in Bangladesh and aims to expand its reach globally. However, the exact distribution of regional offices is not detailed, which could impact the broker's ability to cater to clients in different markets.

　　Certain countries and regions may be restricted from accessing HAC Brokers services, although the specific jurisdictions are not disclosed. This lack of clarity on regional limitations can pose challenges for potential clients seeking to engage with the broker.

　　In summary, HAC Broker presents itself as a forex and CFD trading platform with a diverse product offering and a focus on retail clients. However, the absence of regulation and transparency in several operational aspects raises concerns that potential clients should carefully consider before engaging with the broker.

HAC Similar Brokers

Mgm

Best brokers