Hblscf.com is an illicit and scammy website acting as a broker and Crypto exchange. Their claim to fame is that HBL-scf is offering the best service on the market and also charging minimal commission. Unfortunately, this would be meaningless if the broker is still a scam.

In fact, we have spotted a number of red flags on the HBL-scf website which we need to call out in this review. If you wanted to sign up, do not proceed as this broker could disappear with all your funds.

HBL-scf broker review

We do not feel safe to trade or recommend brokers that do not trade under any company name. Lack of company details would suggest that the broker has never registered a company and is only operating as a stand-alone website.

Also we look at other factors such as their promises and whether or not they have a license. Every broker is required to have some sort of license from a reputable financial watchdog.

It has come to our attention that some brokers even collaborate with fake financial “regulators” to deceive new investors. These financial “regulators” are often websites that portray the design and wording of a legit financial regulator. These websites also tend to list a number of brokers that have secured a “license” with them. It all looks legitimate until you do a background check only to discover that the “financial regulator” is fake and therefore their so-called licenses are also meaningless.

Let’s review a number of things that make HBL-scf a scam by default. These include:

• Lack of a valid license from a financial regulator in the jurisdiction where the broker operates from.
• Fake physical address as HBL-scf is not found in that particular address.
• Deceptive broker who even claims that they’re offering deposit insurance.
• High minimum deposit that puts traders at high risk of losing their funds.
• Misleading account features
• Lack of reputation or reviews from real clients
• Website is just weeks old

Interesting discussion about HBL-scf broker

Before you believe them on the matter of deposit protection, you need to seek clarity to understand what type of insurance they’re talking about.

As far as trading is concerned, there’s never anything like deposit insurance. You simply use your money to buy or sell assets on the platform. If you make a profit, your balance will increase. But if you lose your trades, your balance will decrease and eat into your original deposit.

You cannot be compensated for losses incurred from trading activities. The broker does not have free funds to give away if you lose your money.

It seems this broker is just trying to take advantage of people’s ignorance. This is how scammers operate anyway. If you don’t know, they capitalize on that fact. If you are the knowledgeable one, they keep off.

Concerning the fake address that HBL-scf is using, our investigations discovered that this address belongs to Bittrex Global — a broker and exchange that is not well-known. This could also be a scam but there’s no relationship between Bittrex Global and HBL-scf.

HBL-scf does not exist at Dr. Grass-Strasse 12, 9490 Vaduz. This broker is just lying, and we found the same lie at Global ICM.

Conclusion of this broke review

Our take is that Hblscf.com is not a legitimate site for trading. They don’t guarantee safety of their clients’ funds like most regulated brokers would do.

The purpose for which you need a broker is because you want to invest in trading and make profits. If the broker is a scam, it defies logic and makes trading look bad and frustrating.

We ask you to avoid HBL-scf at all cost because they’re not honest.