Score
HB
United Kingdom|5-10 years| http://www.fxhb.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：HUIBAO GLOBAL MARKETS LIMITED
License No.：789267
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
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Website
fxhb.com
Server Location
United States
Website Domain Name
fxhb.com
Website
WHOIS.ENAME.COM
Company
ENAME TECHNOLOGY CO., LTD.
Domain Effective Date
2007-08-17
Server IP
34.102.136.180
Company Summary
Note: HB's official website: https://www.fxhb.com/ is currently inaccessible normally.
HB Information
Registered on Aug 17, 2007, HB used to be regulated by VFSC (Vanuatu Financial Services Commission) but the license was revoked on Jun 8, 2019. The broker currently claims to be regulated by FCA (Financial Conduct Authority), but the license is suspected to be fake clone.
Its official website is not functional so far, so there's limited transparency on its background and trading conditions. From minimal information we got to know that the company provides demo account and the well-acclaimed MT4 trading platform.
Is HB Legit？
The broker's regulation by VFSC ((Vanuatu Financial Services Commission) was revoked on Jun 8, 2019 with official notice.
Currently, the company claims to be regulated by FCA (Financial Conduct Authority), but the Appointed Representative(AR) license with number 789267 is suspected to be fake clone. This is a sign that the company might not comply to the rules of any regulatory bodies.
 | Financial Conduct Authority (FCA) |
| Current Status | Suspicious Clone |
| Regulated by | United Kingdom |
| License Type | Appointed Representative(AR) |
| License No. | 789267 |
| Licensed Institution | HUIBAO GLOBAL MARKETS LIMITED |
Downsides of HB
Unavailable website: HB's website cannot be opened currently. We can't test their trading conditions and trading platforms.
Lack of transparency: The unavailable website and limited info through internet about the company leave traders in the dark about its current operational status and trading conditions.
Regulatory concerns: The FCA clone status of its regulation indicates less compliance to industry standards and customer protections of the broker. Trading with HB is of high risk.
Absence of customer service channels: HB does not provide any info on contact ways. Reliable brokers never behave like this.
Conclusion
In summary, HB is labeled as a dangerous broker with high risks to trade with. The company is under suspicious FCA clone status and does not maintain functional website or customer service channels for trader interaction. Lack of transparency of the broker makes it uncertain if the company already ceased operation or not. You should turn to those properly regulated brokers for better trading experience and fund safety.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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