About HBA First
Background and Registration
HBA First is a forex and CFD brokerage firm that lists its registered address at 2nd Floor, College House, 17 King Edwards Road, Ruislip, London, HA4 7AE, United Kingdom. According to official records, the company was established on February 10, 2022.
The broker operates under the corporate name HBA First, with its primary online presence at hbafirst.com. Our records indicate that the company is registered in the United Kingdom, though it does not hold any known regulatory licences from major financial authorities.
Account Types and Leverage
HBA First offers three distinct account tiers designed to cater to different trader capital levels. The VIP account requires a minimum deposit of USD 10,000, while the PRO account requires USD 1,000, and the CLASSIC account requires USD 100. All three account types provide a maximum leverage of 1:200.
The broker does not list specific instruments or trading platforms on its public records. The absence of detailed information about available assets or software may be a consideration for traders evaluating the broker's offerings.
Regulatory Status and Risk Considerations
Our research indicates that HBA First is not regulated by any recognized financial oversight body. The lack of regulatory oversight means that the broker is not required to adhere to strict standards regarding client fund segregation, reporting, or dispute resolution.
FXCanary's Scam Risk Score for HBA First is 49 out of 100, falling into the 'Guarded' category. This score reflects the elevated risks associated with unregulated brokers, including potential difficulties in recourse if issues arise. Given the limited publicly available information, traders should approach with caution.
Target Audience
HBA First appears to target both retail and high-net-worth traders, given the range of minimum deposits from USD 100 to USD 10,000. The leverage of 1:200 may appeal to traders seeking significant exposure with relatively modest capital.
However, the absence of regulatory oversight and scant independent information suggest that this broker is best suited for experienced traders who fully understand the risks of trading with an unregulated entity. Beginners or risk-averse traders may prefer to seek fully regulated alternatives.
Overview compiled by FXCanary from regulatory records and public data. full HBA First review