HBC Market Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 14:01

Abstract：HBC Market is a financial company registered in 2021 in the UK. It uses MT4 as its trading platform, and the minimum deposit is $250. The leverage can be up to 1:200. However, it is not regulated, which may bring potential risks.

　　Note: HBC Market's official website https://hbc-markets.com/ is currently inaccessible normally.

HBC MarketReview Summary
Founded	2021
Registered Country/Region	UK
Regulation	No regulation
Market Instruments	4,500+ CFDs on Forex currency pairs, commodities, indices, precious metals, stocks, and cryptocurrencies
Demo Account	/
Leverage	Up to 1:200
Spread	/
Trading Platform	MT4
Min Deposit	$250
Customer Support	Tel: +4162 674 67 27
Customer Support	Email: support@hbcmarket.com

　　HBC Market is a financial company registered in 2021 in the UK. It uses MT4 as its trading platform, and the minimum deposit is $250. The leverage can be up to 1:200. However, it is not regulated, which may bring potential risks.

Pros and Cons

Pros	Cons
Multiple account types	Inaccessible website
MT4 provided	Lack of regulation
	Lack of transparency
	High minimum deposit

Is HBC Market Legit?

　　HBC Market is not regulated by the financial services regulatory authority in the UK, which means that the company lacks regulation from its registration site.

　　What's more, FINMA (a financial market regulator in Switzerland) once issued a warning notice about HBC Market.

What Can I Trade on HBC Market?

　　HBCMarket claims to offer investors 4,500 financial instruments, including CFDs on Forex currency pairs, commodities, indices, precious metals, stocks, and cryptocurrencies.

Tradable Instruments	Supported
CFDs	✔
Forex currency pairs	✔
Commodities	✔
Precious metals	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　HBC Market offers 6 types of accounts: Micro, ECN, Bronze, Silver, Gold, and VIP. However, it does not mention whether a demo account is available or not.

Account Type	Min Deposit
Micro	$250
ECN	$500
Bronze	$10,000
Silver	$50,000
Gold	$100,000
VIP	$150,000

Leverage

　　The leverage can be up to 1:200. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use high leverage levels in case of heavy fund losses.

Trading Platform

　　HBC Market claims to offer traders the MT4 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.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, desktop, mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　HBC Market supports different kinds of payment options, including credit cards, bank wire, POLi, Sofort, iDeal and GiroPay. However, other details such as the processing time and fees are not clear.