Abstract：HBC Market claims to be a Forex and CFD broker based in the UK and is not currently subject to active regulation.
General Information & Regulation
HBC Market claims to be a Forex and CFD broker based in the UK and is not currently subject to active regulation.
HBCMarket claims to offer investors 4,500 financial instruments, including CFDs on Forex currency pairs, commodities, indices, precious metals, stocks, and cryptocurrencies.
There are six types of trading accounts available on the HBCMarket platform: Micro (minimum deposit of $250), ECN (minimum deposit of $500), Bronze (minimum deposit of $10,000), Silver (minimum deposit of $50,000), Gold (minimum deposit of $100,000), and VIP (minimum deposit of $150,000).
HBC Market Leverage
The maximum trading leverage offered by HBC Market for forex trading is 1:200, when it comes to trading leverage. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high leverage level in case of heavy fund losses.
HBC Market claims to offer traders both an MT4 trading platform and an online trading platform. MT4 is currently the most popular multi-forex trading platform, known for its powerful charting tools, a large number of custom technical indicators, support for automated trading and robotic trading.
Deposit & Withdrawal
HBC Market supports traders to deposit and withdraw funds from their investment accounts via VISA, MasterCard, Skrill, WebMoney, and bank transfers. However, the minimum withdrawal is an outrageous 3000 EUR, and the withdrawal is also said to take up to 5 days, which is extremely long and unnecessary compared to the 24 hours required by legit brokers.
HBC Market Pros & Cons
HBC Market Advantages Include:
1. Six trading accounts to choose from
2. Mt4 trading platform
HBC Market Disadvantages Include:
1. No regulation & offshore brokers
2. High minimum deposit requirements
3. Trading conditions such as spreads & commission information not provided