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HSB Forex Broker provides real users with 3 positive reviews, 3 neutral reviews and 2 exposure review!

HSB Broker Review

5.72

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HSB Review 8

Latest All(8) Positive(3) Neutral(3) Exposure(2)
Positive

Payment methods are flexible, accommodating my personal preferences. And leverage levels are flexible, allowing me to adjust based on market conditions.

Xvette
2024-08-01
Positive
User-Friendly Trading Platform with Diverse Options and Educational Support

The platform is user-friendly and offers a diverse range of trading options. I appreciate the educational support which has been crucial for my development as a trader. Quick setup and reasonable deposit requirements also make it accessible

FX1497908099
2024-06-21
Exposure
Please help

In recent days, after an advertisement on YouTube where they announced the Litecoin trade, selling it more expensively in this broker, I entered an amount worth USD 7,000 = in this currency transferred from Binance and after selling these already in this broker and remained in USDT worth USD 8333  When I want to challenge them, the system tells me that due to KYC I need to deposit to be able to unfreeze the account and have the entire balance. This seems very arbitrary to me since this has never happened to me in any other broker, I don't have this amount to be able to deposit and I doubt if they come up with another requirement to keep everything deposited. I carried out KYC verification, I sent documents and I kept this up to date. I have asked you to please take me into account since I have this capital to work and they left me blocked in my work system, which is the livelihood of my family and my parents who depend on my work. They respond that they cannot do anything since it is the system that does not allow the account to be unfrozen and that after the minimum deposit regardless of the time, the account will be left for withdrawal. I made two more small deposits to see if the account was unlocked and I could withdraw but it was not reflected in the balance after asking about this they answered me that for not depositing the value Minino required, these values would not be credited or it will take a month to do so. The balance reflected in the account does not include the last two deposits. I am very distressed by this situation and I request your collaboration since I have no one else to solve this problem. Please if you can give me a hand with this I would be immensely grateful since I am going through a very complicated situation. 

Caprix
2024-05-26
Positive
Agent's Response Hits Two Targets with One Stone, Ensuring Satisfaction

I'm satisfied because the response from the agent was like using one stone to kill two birds.

A7589
2024-05-07
Exposure
Fraudulent brokers

I was invited to join using another account name, lured with profits by copy trading from paid traders, and told to transfer to a broker account to pay for the master system and broker account... left my account to lose because the system had an error, not taught withdraw because preventing customers from withdrawing their funds back, after 2 months of ignoring the broker, my account was played to the point of loss because the market was bad so that these brokers would get a commission from the broker

rica776
2023-08-31
Neutral

Actually spreads are not that low as they hyped, actually I traded commodities here, but I quickly made great losses due to sharp slippage. I suspected they artificially manipulate the price…

王1753
2023-02-16
Neutral

The lucky wheel on their home page looks really attractive, but it looks like a trick to induce people to invest. Opening a live account seems easy, just $100, but I'm afraid it won't be that easy to withdraw.

清晨的太阳
2022-11-23
Neutral

Their high trading fees are not what you can afford, in my opinion, Indonesian brokers are not always your ideal choices, trading with them is very complicated, by the way, this broker’s customer support also sucks…

Hamzah Shahrin
2022-11-23

  

HSB 2025 Review: Everything You Need to Know

  HSB, an Indonesian forex broker, has garnered mixed reviews from traders and analysts alike. While it boasts a regulated status under Bappebti, the Indonesian regulatory authority, user experiences reveal a blend of positive features and notable drawbacks. Key highlights include its user-friendly trading platform and a diverse range of trading instruments, but concerns about customer support and withdrawal issues persist.

  Note: It is important to recognize that HSB operates under different regulatory frameworks depending on the region, which may affect the level of investor protection available. This review aims to provide a fair and accurate assessment based on various sources.

  

Rating Overview

Category Rating (Out of 10)
Account Conditions 6
Tools and Resources 5
Customer Service & Support 4
Trading Setup 6
Trustworthiness 5
User Experience 5

  How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data from multiple sources.

  

Broker Overview

  HSB, officially known as PT Handal Semesta Berjangka, was established in 2018 and has since positioned itself as a significant player in the Indonesian forex market. The broker provides access to the popular MetaTrader 5 (MT5) platform, allowing traders to engage in various asset classes, including forex, commodities, indices, and stocks. HSB is regulated by Bappebti, which provides a degree of oversight, although the regulatory framework in Indonesia is less stringent compared to major financial hubs like the UK or the US.

  

Detailed Breakdown

  •   Regulated Geographic Areas:

      HSB is primarily regulated in Indonesia by Bappebti, which oversees commodity futures trading. However, the regulatory standards are not as rigorous as those in other jurisdictions, which may pose risks for traders seeking robust protection.

  •   Deposit/Withdrawal Currencies/Cryptocurrencies:

      HSB accepts deposits primarily in Indonesian Rupiah (IDR) and allows bank wire transfers as the main method for funding accounts. Currently, it does not support cryptocurrency deposits.

  •   Minimum Deposit:

      The minimum deposit requirement is set at $100, which is relatively standard in the industry, though some brokers allow lower initial investments.

  •   Bonuses/Promotions:

      HSB offers various bonuses, including promotional offers for new clients, but the specific conditions and withdrawal implications of these bonuses remain unclear, which could lead to potential misunderstandings.

  •   Tradable Asset Classes:

      HSB provides a wide array of trading instruments, including 17 forex pairs, commodities like gold and silver, and access to various indices. However, the absence of cryptocurrencies may limit options for some traders.

  •   Costs (Spreads, Fees, Commissions):

      The spreads offered by HSB start from 1.1 pips for major currency pairs, which is competitive but not the lowest available. Additionally, the broker charges commissions based on the deposit amount, which can vary, leading to additional costs for traders.

  •   Leverage:

      HSB offers leverage up to 1:200, which can be attractive for traders looking to maximize their positions. However, high leverage also increases the risk of significant losses, particularly for inexperienced traders.

  •   Allowed Trading Platforms:

      HSB primarily utilizes the MetaTrader 5 platform, known for its advanced trading capabilities and user-friendly interface. However, some users have reported difficulties in registering for accounts, which raises concerns about accessibility.

  •   Restricted Regions:

      HSB's services are primarily available to Indonesian residents, limiting accessibility for international traders. This regional focus could be a significant drawback for those looking for a global trading experience.

  •   Available Customer Service Languages:

      Customer support is provided mainly in Indonesian, with limited options for English-speaking clients. This language barrier may hinder effective communication for non-Indonesian traders.

      

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    Reiterated Rating Overview

    Category Rating (Out of 10)
    Account Conditions 6
    Tools and Resources 5
    Customer Service & Support 4
    Trading Setup 6
    Trustworthiness 5
    User Experience 5

      

    Detailed Breakdown of Ratings

    •   Account Conditions: HSB offers a straightforward account structure with a minimum deposit of $100. However, the lack of clarity regarding account types and bonus conditions detracts from the overall appeal.

    •   Tools and Resources: While the MT5 platform is robust, the educational resources available to traders are limited, which could hinder the development of less experienced traders.

    •   Customer Service & Support: Customer support has received criticism for being unresponsive and limited primarily to Indonesian. Users have reported difficulties in getting timely assistance.

    •   Trading Setup: The trading conditions, including spreads and leverage, are reasonable, but the overall trading experience is marred by reports of registration issues and withdrawal complications.

    •   Trustworthiness: Although HSB is regulated by Bappebti, the regulatory environment in Indonesia is less strict, raising concerns about the safety of investor funds.

    •   User Experience: User experiences vary, with some praising the platform while others cite issues with customer service and withdrawal processes.

      In conclusion, while HSB offers a range of features that may appeal to traders, potential clients should carefully consider the limitations and risks associated with trading through this broker. It is advisable to conduct thorough research and possibly explore alternatives with a more robust regulatory framework and better customer support.