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HB Global Review: Hbglobal.co Banned Online Platform

HB Global Review: Hbglobal.co Banned Online Platform

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HB Global (Hbglobal.co) is another broker scam that claims to be located in Ireland. HBGlobal is flagged as a scam by the Central Bank of Ireland and traders have been warned. These scam brokers claim to be affluent brokers with commodities and options being their forte. And this has led to a majority of European investors to sin up not knowing the dangers involved. And this is why an investigation was underway. Read this genuine and detailed HB GLOBAL Review.

HB Global Review

About HB Global

Not much is known about this trading platform apart from the warning from the Central Bank of Ireland. The warning was issued early February 2020 with complaints piling up each day. These scam brokers have been claiming to be an investment company that helps investors trade. With such claims, a majority of European investors got swindled by this platform. And this is why we had to conduct an investigation on why the issue arose. What we found out was shocking and investors must know the real truth.

As a way to trade options safely, it is best to go for top-rated binary options signal providers. With expert recommended and tested brokerstraders are guaranteed of their safety. These scam brokers will promise traders heaven and deliver hell. Their website is far from ideal and it has been noted their page is far from secure. Without proper protection, information regarding users is at risk. Third parties can easily attack the website and steal vital data such as personal information.

Assets Included

HB Global is not clear in the full assets available on their platform. Their main claim is they offer brokerage services via commodities, investments, and Options. Binary options details are still not clear with investing being what they are all about. HB Global is unclear on the leverage and spread available on their commodities. With these assets failing to appear on their homepage, visitors have to sign up to get the full details. And this is where all hell breaks loose once you sign up with this unregulated platform.

Business Owner

Another issue that is clear to see is the failure of the platform to name its owners. HB Global is an anonymous trading platform which has been on the cross hairs of authorities. An anonymous trading platform is a risky venture where no one should sign up with. These scam artists are clearly up to no good.

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Domain Details

After looking at various domain registers, it is clear their domain was registered on 28th January 2020. It makes them less than five months old as of the time we publish this article. These are newbie scam brokers with intent to steal from unsuspecting online investors. Their website is far from being user friendly. Links regarding commodities and options only list other articles found on web browsers.

License and Registration of HB Global

HB Global Central Bank of Ireland Warning

HB Global is NOT LICENSED OR REGULATED by any regulatory body anywhere on the face of the planet. These are clear rogue online brokers who are offering unregulated services. Once you deposit funds with this platform, consider them as lost. Unregulated online trading platforms do not insure funds as dictated by the trading regulations. And this is proof we are dealing with a rogue trading entity. Stay away from this platform and use brokers who are certified by official regulatory bodies.

The Central Bank of Ireland has issued a warning in regards to this broker. HB Global is claiming to be located in Ireland. According to the disclaimer at the footer of their homepage, their address is Dublin. With a warning from the official regulator in Ireland, HB Global is far from offering credible trading services. And this is why everyone should stay away from this platform and use approved trading brokers. These false brokers will simply take your money and run off.

Restrictions of HB Global

Account Details

The broker is unclear on the types of accounts available on their platform. HB Global is offering no information to would be clients on their homepage on account plans. From the look of things, the broker is offering a single account type. If they are offering PAMM accounts, they don’t mention it. And this is another reason to stay away from HBGlobal. They are unclear on what type of accounts features are available.

Contact and Support

Disclaimer at the footer of their homepage has a request call back area. The idea behind it is to call back the client if they are available for trading. With an unregulated entity, we can assume this is a place where they harvest data. These scam brokers sell their email address to third parties. And this is the reason why members get spam emails from listings they don’t have subscriptions. These scam brokers are also harvesting data.

Deposit and Withdrawals

According to their cash withdrawal page, it seems members deposit funds via bank transfer. The broker will send an email to members with a bank routing number where deposits are to be made. With depositing taking place in less than five minutes, withdrawal remains a huge issue. None of the members we contacted have ever withdrawn funds with this broker. Withdrawing funds remains to be the biggest hurdle with this platform. HB Global is not allowing anyone to withdraw funds.

False Client Testimony

One can notice that these testimonials are actually false with the way they sell them. Most of these testimonials are the broker selling themselves as a successful trading entity. If you look carefully, these are just random names with no pictures matching them. What’s to stop the broker from posting these testimonials? Scam brokers will post enticing client testimonials to try and sell the success of the platform. With no clear indication that the clients exists, it is safe to assume these are false testimonials.

Trading Platform

Which trading terminal is on use remains to be a huge part of the problem. Members have been claiming the platform is slow and thus, the broker forces them to hand over trading rights. Some of the members with little knowledge of trading claim the slow platform has no advanced tools. And this is a clear indication we are dealing with a custom made platform. Testing is another problem with custom platforms; they lack proper testing from professionals.

Safety of funds with HB Global

HB Global is far from being able to properly secure funds deposited by investors. And the proof is with the number of complaints floating around the web. These are scam brokers who have been planning this scam for a while. Thanks to the warning from the Central Bank of Ireland, no one should trust them. HB Global is pooling funds in one account by segregating accounts. Members have been depositing funds straight to one bank account. And this is one reason to stay away from this platform.

Scam or Legit HB Global

HB Global Options Page

After a thorough review of the facts, HB Global is a scam which must be put away. The Central Bank of Ireland issued a warning after a majority of investors made complaint. They are taking deposits from traders and not allowing them to make withdrawals. HBGlobal is another scandalous broker who is breaching set industry regulations and rules.

Final Thought

By adding the broker on our scam blacklist, we will be protecting our readers from falling into this trap. Other regulatory bodies are on the verge of issuing a warning in regards to this platform.

Stay safe and use approved brokers with a proven reputation.

Trade safely with recommended and tested online trading products and services.

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