About HB
Overview
HB is a forex broker registered in the United Kingdom since 2007. The company operated under Vanuatu Financial Services Commission (VFSC) regulation until its license was revoked in June 2019. Currently, the broker's official website is non-functional, leaving limited public information about its operations. FXCanary's assessment is based on regulatory records and aggregated industry data, which paint a cautionary picture.
Regulation & License
HB previously held a license from the VFSC, but this was revoked on June 8, 2019. The broker now claims to be regulated by the UK Financial Conduct Authority (FCA), but this claim is suspected to be a clone of a legitimate FCA-regulated entity. No active, verified regulatory oversight exists for HB at present. Traders should treat any regulatory assertions with extreme skepticism until independently confirmed.
Account Types & Platforms
Minimal information is available regarding account types. The broker is known to offer a demo account, which may suggest multiple live account tiers, but specific details on spreads, commissions, or leverage are absent. HB provides the MetaTrader 4 (MT4) platform, a widely used trading interface. However, without a functional website, the full range of account options and platform features cannot be verified.
Instruments & Funding
The financial instruments offered by HB are not clearly documented due to the lack of an operational website. Industry databases suggest the broker likely provided forex and CFD trading, but this cannot be confirmed. Funding methods, minimum deposit requirements, and withdrawal processes are unknown. Prospective traders should exercise extreme caution given the absence of transparent terms.
Suitability
HB is not suitable for most retail traders, particularly those seeking regulated environments. The combination of a revoked VFSC license and a suspected fake FCA claim indicates a high-risk profile. Only advanced traders who fully accept the lack of regulatory protection and transparency might consider engaging, but FXCanary does not recommend it. The broker's inactivity further undermines confidence.
Overview compiled by FXCanary from regulatory records and public data. full HB review