HSB

*Please note that the information provided is subject to change and it is recommended to visit the official website of HSB for the most up-to-date and accurate details.

Overview of HSB

HSB is a forex broker registered in Indonesia and regulated by BAPPEBTI, the regulatory authority in the country. HSB boasts an extensive range of financial instruments, empowering traders to navigate the dynamic global markets. This encompasses a diverse selection of major and exotic currency pairs, commodities, indices, and precious metals.

Traders on HSB can utilize different trading platforms, including the popular MetaTrader 5 platform. These platforms offer a range of features and tools to assist traders in their analysis and execution of trades. Real-time market data, advanced charting capabilities, and customizable trading strategies are some of the tools available.

In terms of trading accounts, this broker only provides two types of trading accounts, including a demo account and a live account, with the minimum deposit to open a live account not readily available on its official website. Surprisingly, this broker offers a flexible leverage option up to 1:500, which gives traders great flexibility to control their trading.

Is HSB legit or a scam?

HSB, a forex broker in Indonesia, operates under the regulatory oversight of BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) with regulatory license number: 001/BAPPEBTI/SI/5/2018, the country's esteemed regulatory authority.

Furthermore, HSB is a proud member of ICDX (Indonesia Commodity and Derivatives Exchange), which further underscores its commitment to regulatory compliance and industry best practices.

Pros and Cons

Market Intruments

HSB, a forex broker registered in Indonesia and regulated by BAPPEBTI, provides traders with a wide array of market instruments to facilitate their trading activities, approximately 45 trading instruments available.

Forex trading stands at the core of HSB's offerings, allowing traders to participate in the world's largest and most liquid financial market. The availability of 17 forex currency pairs, including major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, alongside a selection of exotic currency pairs.

Commodities trading is another prominent feature of HSB's market instruments, enabling traders to engage in the buying and selling of various commodities. Traders can access popular commodities such as gold, silver, oil.

Indices trading is yet another avenue offered by HSB, granting traders exposure to a diverse range of global stock market indices. By tracking the performance of these indices, such as the S&P 500, FTSE 100, and Nikkei 225, traders can speculate on the overall market sentiment and potential price movements.

Share trading is also available. Another offering is shares of well-known companies. Through access to a range of shares from various industries and sectors, traders can participate in stock trading and take positions

Account Types

How to open an account?

Opening an account with HSB, the esteemed forex broker registered in Indonesia and regulated by BAPPEBTI, is a straightforward process.

1. To open an account with HSB, you can visit the official website at https://www.hsb.co.id/ and locate the account registration section.

2. Then, you will be required to provide essential personal information, including their full name, contact details, and residential address.

3. The registration process may involve verifying identification documents and completing the necessary compliance requirements in line with regulatory standards. Traders should carefully review and agree to the terms and conditions set forth by HSB before finalizing the account creation process.

4. Once the account registration is complete, traders can access their trading account, make deposits, explore the range of financial instruments, and commence their forex trading activities.

Leverage

HSB offers its clients an impressive leverage ratio of up to 1:500. Leverage serves as a powerful tool that enables traders to amplify their trading positions and potentially enhance their trading outcomes. With a leverage ratio of 1:500, traders can exert greater control over their trading capital, allowing them to trade larger volumes of currencies and take advantage of even the smallest market movements.

Spreads & Commissions (Trading Fees)

It is important to acknowledge that the spreads offered by HSB may not be considered exceptionally competitive when compared to other brokers in the forex industry. Major currency pairs like EUR/USD unveil themselves with typical spreads that commence from 1.1 pips, while GBP/USD exhibits a similar starting point from 1.2 pips, and AUD/USD gracefully starts from 1.1 pips.

In tandem with spreads, HSB employs an additional layer of commissions for clients' trading activities. According to the information at hand on their official website, traders who deposit $100 will encounter a commission charge of $2 per lot traded. For those venturing into the deposit range of $300 to $1,000, a commission charge of $1 per lot becomes applicable.

Non-Trading Fees

In addition to the spreads and commissions associated with trading activities, HSB may also charge some other fees, which extend beyond the realm of trading.

One of the notable non-trading fees offered by HSB is related to deposits and withdrawals. It is important to note that certain payment methods may incur fees. Traders are advised to review the specific details regarding deposit and withdrawal fees on the official HSB website or by consulting with their dedicated account manager.

It is worth mentioning that HSB may also apply inactivity fees for dormant accounts. These fees are designed to encourage active trading and ensure that resources are utilized effectively.

Trading Platform

HSB offers a range of advanced trading platforms designed to cater to the diverse needs of traders. Firstly, HSB provides access to industry-leading platforms such as MetaTrader 5 (MT5), a cutting-edge trading solution renowned for its enhanced features and comprehensive trading capabilities.

The MT5 platform serves as a powerhouse for traders, combining sophisticated tools, advanced charting capabilities, and an intuitive interface. With real-time market data, customizable charting options, and an extensive library of technical indicators, MT5 empowers traders to conduct thorough market analysis and execute trades with precision. The platform also supports automated trading through expert advisors, enabling traders to implement algorithmic trading strategies and take advantage of market opportunities round the clock.

HSB further caters to traders' needs with its web-based trading platform, providing instant access to the markets via any web browser without the need for software installation.

HSB offers mobile and tablet apps for both iOS and Android platforms. These mobile trading apps provide traders with a fully optimized and user-friendly trading experience, enabling them to stay connected to the markets and manage their accounts anytime, anywhere.

Deposit & Withdrawal

The specific minimum deposit requirement is not explicitly stated on the official website. To obtain detailed information regarding the minimum deposit amount, individuals are advised to contact HSB's customer support team.

Bonuses Offered

HSB offers an enticing bonus program that aims to enhance traders' trading experience and provide them with additional trading capital.With HSB's bonus program, new clients have the opportunity to receive bonuses of up to $5000 upon meeting certain criteria. These bonuses can be a valuable boost to traders' initial deposits, allowing them to potentially increase their trading volumes and explore more opportunities in the forex market.

Customer Support

Clients have multiple channels to access HSB's customer support. The broker offers phone support, allowing clients to directly communicate with a representative who can provide real-time assistance and guidance. Additionally, clients can reach out to the support team via email, providing a convenient and efficient method for inquiries or more detailed discussions.

For instant support and quick responses, HSB provides an online chat feature. This real-time messaging service enables clients to engage in direct communication with a support representative, gaining immediate assistance and resolving queries promptly.

In addition to these traditional support channels, HSB maintains an active presence on various social media platforms. Clients have the opportunity to follow brokers on Twitter, Facebook, Instagram, YouTube, and LinkedIn, and more.

Educational Resources

HSB equips its clients with a wealth of educational resources to enhance their trading knowledge and skills. HSB Academy serves as a cornerstone of the broker's educational offerings. This comprehensive learning center is designed to cater to traders of all levels, from beginners to advanced. Through the HSB Academy, traders gain access to a wide range of educational materials, including interactive courses, e-books, and webinars. These resources cover various aspects of forex trading, from the fundamentals to advanced strategies, risk management techniques, technical analysis, and more.

In addition to the HSB Academy, the broker provides regular forex trading classes conducted by industry experts. These classes offer traders the opportunity to learn directly from experienced professionals who share valuable insights, practical tips, and trading strategies.

Furthermore, HSB maintains a blog section where traders can find insightful articles written by industry experts. These blog posts cover a wide range of topics, including market trends, trading psychology, risk management, and strategies