WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Hibret Bank

Ethiopia|2-5 years|
High potential risk|

http://unitedbank.com.et/

Website

Rating Index

Contact

+251 114655222
http://unitedbank.com.et/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-10-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Hibret Bank · WikiFX Survey

Users who viewed Hibret Bank also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

Exness

8.30
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

CPT Markets

8.60
Score
10-15 yearsRegulated in United KingdomMarket Making(MM)
Official website

STARTRADER

8.63
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

Hibret Bank · Company Summary

Note: Hibret Banks official site - http://unitedbank.com.et/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Hibret Bank Review Summary in 4 Points
Founded 2-5 years
Registered Country/Region Ethiopia
Regulation Unregulated
Customer Support Phone

What is Hibret Bank?

Hibret Bank

Hibret Bank is an Ethiopia-based online trading platform that offers access to financial market trading opportunities. However, it's essential to highlight that the current inaccessibility of the Hibret Bank website poses challenges in verifying the broker's regulatory status and authenticity. Additionally, Hibret Bank operates without valid regulation from any recognized governing bodies.

In our forthcoming article, we will conduct a comprehensive examination of Hibret Bank, providing a well-structured and concise overview from various perspectives. If you are intrigued by this topic, we encourage you to continue reading. At the conclusion of our analysis, we will offer a brief summary of the key points, providing you with a quick snapshot of the broker's characteristics.

Pros & Cons

Pros Cons
None • Unregulated
• Lack of transparency
• Website inaccessible
• Limited customer support channels

While Hibret Bank lacks discernible advantages, several significant drawbacks warrant attention.

Its unregulated status raises concerns about the platform's adherence to industry standards and the safety of clients' investments. Furthermore, the lack of transparency and an inaccessible website hinder comprehensive research and due diligence. Additionally, the limited availability of customer support channels further compounds challenges for traders seeking prompt assistance and resolution of issues.

Is Hibret Bank Safe or Scam?

When considering the safety of a brokerage like Hibret Bank or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: Hibret Bank operates without the supervision of credible financial regulatory bodies, which may raise substantial security concerns for potential traders.

Moreover, the unavailability of the broker's official website exacerbates suspicions about the continuity of its operations, amplifying the associated risks of engaging with this platform for investments.

No license
  • User feedback: To gain valuable insights into the brokerage, traders can consider reviewing the opinions and feedback of other clients. The reviews can be found on reputable websites and discussion platforms to ensure the credibility and reliability of the information.

  • Security measures: Currently, there is a lack of publicly available information regarding security measures for this broker.

Ultimately, the decision to participate in trading with Hibret Bank or not is a personal one, necessitating a meticulous assessment of the advantages and disadvantages before making a choice.

Customer Service

Hibret Bank solely offers phone contact as its customer support channel, limiting accessible avenues for prompt assistance and query resolution. The absence of alternative support options may pose challenges for traders seeking efficient and diverse means of communication with the platform.

Phone: (+251)114655222.

This limited approach to customer support underlines the need for prospective clients to consider the potential inconveniences before opting for this trading platform.

Conclusion

In conclusion, Hibret Bank, an Ethiopian-based online trading platform, falls short in terms of regulatory compliance and transparency, posing potential risks for traders. With ongoing website accessibility issues and limited customer support options, users may encounter challenges navigating the platform. To ensure a secure and reliable trading experience, it is recommended that potential users exercise caution and opt for regulated brokers that prioritize transparency and robust customer support.

Frequently Asked Questions (FAQs)

Q 1: Is Hibret Bank regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Is Hibret Bank a good broker for beginners?
A 2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency.

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.

Broker Information

Company Name

Hibret Bank

Abbreviation

Hibret Bank

Regulatory Status

No Regulation

Platform registered country and region

Ethiopia

Company website
Phone of the company
  • +251 114655222

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address

--

Company Summary

Review 1

1 Comments
Write a comment
All(1) Latest Positive(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com