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HSB Forex Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://hsbforex.trade/signup.php, about the company's legal and temporary regulatory information, the company's address .

HSB Forex Trade Forex Broker

Basic Information

Registered Region

Indonesia

Operating Period

Company Name

HSB Forex Trade

Abbreviation

HSB Forex Trade

Company employee

Customer Service Email Address

admin@hsbforex.trade

Company Website

https://hsbforex.trade

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Company Name HSB Forex Trade Registered Country/Area Indonesia Founded Year 2015 Regulation Unregulated Minimum Deposit ￡1000 Products Forex,forex pair,commodities,trading advisory Trading Platforms Meta Trader 4,Meta Trader 5 Demo Account Available Customer Support Online chat Deposit & Withdrawal Bank transfer,credit/debit card,third-party payment Overview of HSB Forex Trade HSB Forex Trade, established in 2015, is a Indonesia-based trading company that operates without formal regulation. It requires a minimum deposit of £1000 and offers various products such as Forex pairs, commodities, and trading advisory services. The company utilizes popular platforms like Meta Trader 4 and Meta Trader 5, and also provides a demo account for practice trading. Customer support is accessible through online chat. For financial transactions, HSB Forex Trade accepts bank transfers, credit/debit card payments, and third-party payment methods. Is HIGH LOW Legit or a Scam？ HSB Forex Trade operates as an unregulated entity in the trading industry. Established in the Indonesia, the company does not fall under the oversight of any official financial regulatory body, meaning it lacks the formal regulatory safeguards and compliance standards typically associated with regulated financial institutions. This unregulated status can impact aspects of client security and operational transparency. Pros and Cons Pros Cons Diverse Trading Products Unregulated Advanced Trading Platforms High Minimum Deposit Demo Account Availability Limited Geographical Reach Multiple Payment Options Potential Risk Exposure Accessible Customer Support Lack of Investor Protection Pros of HSB Forex Trade: Diverse Trading Products: Offers a variety of trading options including Forex pairs, commodities, and trading advisory services, catering to different trading preferences and strategies. Advanced Trading Platforms: Utilizes Meta Trader 4 and Meta Trader 5, which are well-regarded in the industry for their advanced features, user-friendly interfaces, and analytical tools. Demo Account Availability: Provides a demo account, allowing new and experienced traders to practice and develop their trading skills without financial risk. Multiple Payment Options: Supports a range of deposit and withdrawal methods including bank transfers, credit/debit cards, and third-party payments, offering flexibility in managing funds. Accessible Customer Support: Offers customer support through online chat, providing a convenient way for clients to get assistance. Cons of HSB Forex Trade: Unregulated: The lack of regulatory oversight raises concerns about the security of funds, operational transparency, and the potential for unfair practices. High Minimum Deposit: A minimum deposit of £1000 might be prohibitive for small-scale or beginner traders who prefer to start with lower capital. Limited Geographical Reach: Being Indonesia-based and unregulated may restrict the company's ability to offer services in certain jurisdictions, limiting its accessibility to a global client base. Potential Risk Exposure: Without regulatory compliance, clients might be exposed to higher risks, including but not limited to, financial instability, fraud, and market manipulation. Lack of Investor Protection: Unregulated status means absence of investor protection schemes like compensation funds or insurance, which are typically available in regulated environments. Products HSB Forex Trade offers a range of financial products for trading, which includes: Forex Trading: HSB Forex Trade provides clients with the opportunity to trade in the foreign exchange market, one of the most dynamic financial markets globally. This includes trading in currency pairs like EUR/USD (Euro and US Dollar), USD/JPY (US Dollar and Japanese Yen), and GBP/USD (British Pound and US Dollar). Forex trading is popular due to its high liquidity, market availability (24 hours on weekdays), and the potential for both short and long-term investment strategies. Forex Pairs: Within the Forex market, HSB Forex Trade offers a variety of currency pairs across major, minor, and exotic categories. Major pairs like EUR/USD, USD/JPY, and GBP/USD are often favored for their liquidity and lower spreads. Minor pairs such as EUR/GBP (Euro and British Pound), AUD/JPY (Australian Dollar and Japanese Yen) provide opportunities in less volatile markets. Exotic pairs, including USD/SGD (US Dollar and Singapore Dollar), EUR/TRY (Euro and Turkish Lira), offer high volatility but also higher risk and potential rewards. Commodities Trading: HSB Forex Trade also offers trading in commodities, which includes a diverse range of products such as precious metals (Gold, Silver, Platinum), energy commodities (Crude Oil, Natural Gas), and agricultural commodities (Wheat, Corn, Soybeans). Trading in commodities allows investors to diversify their portfolio beyond traditional financial instruments like stocks and bonds. Commodities are influenced by different factors such as geopolitical events, supply and demand dynamics, and global economic trends, offering unique opportunities and risks. Trading Advisory Services: Alongside trading products, HSB Forex Trade provides trading advisory services. These services include market analysis reports, which offer in-depth reviews of current market trends and economic indicators, personalized trade recommendations tailored to individual trading profiles and goals, and risk management strategies. These advisory services aim to enhance the trading experience by providing expert insights and guidance, helping traders make more informed decisions in the dynamic trading environment. How to Open an Account？ Opening an account with HSB Forex Trade typically involves the following four steps: Visit the Official Website: Start by navigating to the official website of HSB Forex Trade. This is where you will find all the necessary information about account types, trading platforms, and products offered. Complete the Registration Form: On the website, look for the option to open a new account. You will need to complete a registration form, providing personal information such as your name, email address, phone number, and potentially additional details for identity verification purposes. Submit Verification Documents: As part of the account setup process, you may be required to submit verification documents. This usually includes proof of identity (such as a passport or driver's license) and proof of residence (like a utility bill or bank statement). These documents are necessary to comply with various anti-money laundering (AML) and know-your-customer (KYC) regulations. Fund Your Account: Once your account is verified, you'll need to deposit funds to start trading. The minimum deposit for HSB Forex Trade is £1000. You can fund your account using one of the accepted methods, which include bank transfers, credit/debit cards, or third-party payment systems. Trading Platform HSB Forex Trade offers its clients the use of two widely recognized and respected trading platforms: Meta Trader 4 (MT4) and Meta Trader 5 (MT5). Meta Trader 4 (MT4): MT4 is one of the most popular trading platforms in the world, known for its user-friendly interface, robust functionality, and flexibility. It provides a wide range of technical analysis tools, including various chart types, a large number of indicators, and customizable templates. MT4 supports automated trading through Expert Advisors (EAs), allowing traders to automate their strategies. The platform is well-suited for Forex traders of all experience levels, from beginners to advanced users. MT4 is available on multiple devices, including desktop computers, smartphones, and tablets, ensuring traders can access their accounts and trade from anywhere. Meta Trader 5 (MT5): MT5 is the successor to MT4 and offers all the features of its predecessor, along with additional functionalities. It has a more advanced user interface and is designed to accommodate more trading instruments beyond Forex, including commodities and stocks. MT5 provides more technical indicators, graphical objects, and timeframes for comprehensive market analysis. The platform supports an enhanced strategy tester for EAs, making it a better choice for traders using complex algorithms. Like MT4, MT5 is also available across various devices, providing flexibility and convenience for active traders. Deposit & Withdrawal HSB Forex Trade offers various options for depositing and withdrawing funds, catering to the convenience of its clients. The key details regarding deposit and withdrawal methods, including the minimum deposit requirement, are as follows: Minimum Deposit: HSB Forex Trade requires a minimum deposit of £1000. This initial deposit is necessary to start trading and to open an account with them. Payment Methods: Bank Transfer: Clients can deposit funds directly from their bank accounts. This method is generally secure and can handle larger amounts, although processing times may vary. Credit/Debit Card: Deposits can be made using major credit or debit cards. This method is usually faster than bank transfers and is convenient for many users. Third-Party Payment Systems: HSB Forex Trade may also accept deposits through various third-party payment services. These platforms can offer additional convenience and sometimes quicker transaction times. Customer Support HSB Forex Trade offers accessible customer support through online chat, providing clients with a convenient and real-time way to seek assistance. While the company's online chat support is a valuable resource for addressing inquiries and concerns, it's important to note that as an unregulated entity, the level of customer protection and dispute resolution mechanisms may differ from those provided by regulated financial institutions. Conclusion In conclusion, HSB Forex Trade is a Indonesia-based trading company established in 2015, offering a range of trading products including Forex pairs, commodities, and trading advisory services. While it provides access to popular trading platforms like Meta Trader 4 and Meta Trader 5, it operates without formal regulation, which may pose certain risks and considerations for potential clients. With a minimum deposit requirement of £1000 and accessible online chat customer support, HSB Forex Trade caters to traders seeking diverse trading opportunities, but clients should exercise caution due to its unregulated status and associated implications. FAQs Q: What is the minimum deposit required to open an account with HSB Forex Trade？ A: HSB Forex Trade requires a minimum deposit of £1000 to open an account and start trading. Q: Is HSB Forex Trade a regulated trading company？ A: No, HSB Forex Trade operates as an unregulated entity in the trading industry, which means it does not fall under the oversight of any official financial regulatory body. Q: What trading platforms are available for clients of HSB Forex Trade？ A: HSB Forex Trade offers clients access to Meta Trader 4 (MT4) and Meta Trader 5 (MT5), two widely recognized and user-friendly trading platforms. Q: Can I practice trading before risking real funds with HSB Forex Trade？ A: Yes, HSB Forex Trade provides a demo account, allowing clients to practice trading with virtual funds before committing to real investments. Q: What deposit and withdrawal methods does HSB Forex Trade support？ A: HSB Forex Trade offers several deposit and withdrawal options, including bank transfers, credit/debit card payments, and third-party payment systems. Q: Is customer support available for assistance, and how can I reach them？ A: Yes, HSB Forex Trade offers customer support through online chat, providing clients with a real-time means of seeking assistance and addressing inquiries.

HSB Forex Trade broker review

Is HSB Forex Trade safe or scam

Rating Index

HSB Forex Trade Broker - Complete Information Guide

1. Broker Overview

　　HSB Forex Trade is a financial services provider operating primarily in Indonesia. The company, officially known as PT Handal Semesta Berjangka, was established in 2018. Its headquarters is located in Jakarta, Indonesia, specifically at Mayapada Tower 2, Jl. Jendral Sudirman Kav. 27, Setiabudi, South Jakarta, 12920. HSB Forex Trade operates as a private entity, catering to a diverse clientele that includes retail traders and institutional investors within the Indonesian market.

　　Since its inception, HSB Forex Trade has focused on providing a robust trading platform and a variety of financial instruments. The broker has made significant strides in its growth trajectory, marking milestones such as the acquisition of licenses from local regulatory bodies, which enhances its credibility in the competitive forex landscape. The company is committed to delivering quality services and innovative trading solutions to meet the evolving needs of its clients.

　　As a retail forex broker, HSB Forex Trade primarily engages in retail forex trading, offering access to various financial markets, including forex, commodities, and indices. The company has positioned itself as a reliable option for traders seeking to navigate the dynamic world of forex trading.

2. Regulatory and Compliance Information

　　HSB Forex Trade operates under the regulatory oversight of Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti), which is the Indonesian authority responsible for supervising commodity and futures trading. The broker holds a regulatory license with the number 001/Bappebti/si/5/2018, ensuring that it adheres to the legal and operational standards set forth by the regulatory body.

　　The scope of Bappebti's regulation includes the protection of client funds, which are required to be held in segregated accounts to ensure their safety. However, it is essential to note that while HSB Forex Trade is regulated, the regulatory environment in Indonesia may not provide the same level of investor protection as seen in more established financial jurisdictions such as the UK or the US.

　　HSB Forex Trade implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to comply with international standards. These practices are vital in promoting transparency and safeguarding against fraudulent activities.

3. Trading Products and Services

　　HSB Forex Trade offers a diverse array of trading products, primarily focusing on forex trading. The broker provides access to 17 major and exotic currency pairs, including popular pairs such as EUR/USD, GBP/USD, and USD/JPY. In addition to forex, traders can engage in Contracts for Difference (CFDs) across various asset classes, including commodities like gold, silver, and oil, as well as indices from global markets.

　　The broker continuously updates its product offerings to align with market trends and customer demands. HSB Forex Trade also provides retail trading services, which are designed to cater to individual traders looking to capitalize on market movements. While institutional services are not extensively detailed, the broker does offer tailored solutions for larger clients.

　　The introduction of new products is carried out regularly, ensuring that traders have access to the latest financial instruments available in the market.

4. Trading Platforms and Technology

　　HSB Forex Trade supports the widely recognized MetaTrader 5 (MT5) platform, which is renowned for its advanced trading capabilities and user-friendly interface. The MT5 platform allows traders to access a range of tools for market analysis, including real-time data, customizable charts, and various technical indicators.

　　In addition to MT5, HSB Forex Trade offers a web-based trading platform that provides instant access to markets without the need for software installation. For traders on the go, mobile applications are available for both iOS and Android, ensuring that clients can manage their accounts and execute trades from anywhere.

　　The broker operates on an ECN execution model, which facilitates direct access to the interbank market, allowing for faster order execution and reduced slippage. The technical infrastructure of HSB Forex Trade is designed to support automated trading through APIs, enabling traders to implement algorithmic strategies seamlessly.

5. Account Types and Trading Conditions

　　HSB Forex Trade offers several account types tailored to meet the needs of different traders. The primary account options include:

Standard Account: This account typically requires a minimum deposit of $200, with commissions starting at $2 per lot traded for lower deposit amounts.
Ultra Low Account: Designed for traders seeking lower spreads, this account has a minimum deposit of $50 and offers competitive trading conditions.
Mini Account: With a minimum deposit of $100, this account provides access to a limited range of trading instruments.

　　The leverage offered by HSB Forex Trade can reach up to 1:200, allowing traders to amplify their trading positions. The minimum trade size is generally set at 0.1 lots, accommodating both novice and experienced traders. The broker also has a policy regarding overnight fees, which are charged based on the positions held after market hours.

6. Fund Management

　　HSB Forex Trade supports a variety of deposit methods, including bank transfers and credit cards, to facilitate easy funding of trading accounts. The minimum deposit requirement varies by account type, with the Ultra Low Account starting at $50 and the Standard Account at $200.

　　Deposit processing times are generally swift, with most transactions completed within one business day. However, specific deposit fees may apply depending on the payment method used.

　　For withdrawals, HSB Forex Trade provides several options, with processing times typically ranging from 1 to 2 business days. The withdrawal fees are not explicitly detailed on the broker's website, so traders are encouraged to inquire directly for clarity on any charges that may apply.

7. Customer Support and Educational Resources

　　HSB Forex Trade offers multiple customer support channels, including phone, email, and online chat, ensuring that clients can receive assistance when needed. The support team is available during business hours, providing timely responses to inquiries.

　　The broker supports several languages, primarily focusing on Indonesian and English, catering to its diverse client base.

　　In terms of educational resources, HSB Forex Trade provides access to a range of materials aimed at enhancing traders' knowledge and skills. This includes webinars, tutorials, and research reports that cover various aspects of forex trading. Additionally, the broker offers market analysis services, keeping traders informed about the latest trends and developments in the financial markets.

8. Regional Coverage and Restrictions

　　HSB Forex Trade primarily serves the Indonesian market, with its services tailored to local traders. The broker operates from its Jakarta headquarters, providing a centralized point for client engagement and support.

　　While the broker aims to expand its reach, it currently does not accept clients from certain regions, particularly those with stricter regulatory environments. Specific countries may be restricted from opening accounts due to local laws and regulations.

　　In conclusion, HSB Forex Trade presents itself as a viable option for traders in Indonesia, offering a range of products and services under the oversight of local regulatory authorities. However, prospective clients should carefully consider the regulatory landscape and the associated risks before engaging with the broker.

　　HSB Forex Trade Broker continues to evolve, adapting to the needs of its clients while maintaining a commitment to compliance and customer service.