I opened an account with HBC brokers in October last year(2016)
On their website they claimed to be regulated in Vanuatu.
On Investing.com they are ranked as second to 24Options.
Based on these factors I deposited a total of 10000USD
I made a withdrawal request in January 2017 and then again in March 2017.
Every follow up on withdrawal progress led to two things : 1.My account manager will contact me or 2.They will remind compliance department.
To date no contact has been made at all.
On their website is a mail contact to their regulation office, however the phone number on the webpage for the compliance is actually for another broker - XM Broker.
Based on the above turn of events I am now convinced that HBC broker is a scam broker.
I have already contacted the Vanuatu Finance and treasury department and am working with a contact there for some resolution, however I don't think that this will be enough.
I appeal to anyone who has been down this road to please advise on any further avenues that I could take to resolve this matter.
Also I hope that this will be a warning to anyone who is considering using this broker.
On their website they claimed to be regulated in Vanuatu.
On Investing.com they are ranked as second to 24Options.
Based on these factors I deposited a total of 10000USD
I made a withdrawal request in January 2017 and then again in March 2017.
Every follow up on withdrawal progress led to two things : 1.My account manager will contact me or 2.They will remind compliance department.
To date no contact has been made at all.
On their website is a mail contact to their regulation office, however the phone number on the webpage for the compliance is actually for another broker - XM Broker.
Based on the above turn of events I am now convinced that HBC broker is a scam broker.
I have already contacted the Vanuatu Finance and treasury department and am working with a contact there for some resolution, however I don't think that this will be enough.
I appeal to anyone who has been down this road to please advise on any further avenues that I could take to resolve this matter.
Also I hope that this will be a warning to anyone who is considering using this broker.