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HBC Broker Review 2017

  • Min. Deposit $250
  • Min. Invest $10
  • Return 81%

 

While the story of HBC Broker actually began in 1997, it is from 2010, 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

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

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.

HBC Broker - Review Conclusion

HBC Broker Review
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