Brokers  /  HSB

HSB

Moderate risk
Indonesia · 5-10 years · since 2019-03-13 · PT Handal Semesta Berjangka
38
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • 5 user exposure/complaint reports filed
  • Withdrawal complaints in ~77% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing3835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal namePT Handal Semesta Berjangka
Headquarters Indonesia
Founded2019-03-13
Years operating5-10 years
Employees0
Official website
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Mayapada Tower 2 Lt.14 Jl. Jendral Sudirman Kav.27 RT 04/RW 02, Kel. Karet - Kec. Setiabudi Jakarta Selatan, 12920

Regulation & licenses · 2

RegulatorLicense typeLicense No.RegionStatus
BAPPEBTIForex Trading License (EP)001/BAPPEBTI/SI/5/2018IndonesiaRegulated
ICDXDerivatives Trading License (EP)197/SPKB/ICDX/DIR/VI/2020IndonesiaRegulated

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Premium1:20060 Million IDR--$0.01
Standard1:2002.4 Million IDR--$0.01
Micro1:400300 thousand IDRfrom 0.01$0.01

Review analysis AI

Across 13 recent Trustpilot reviews, 38% are 1–2 star. The single most common complaint is being unable to withdraw funds (10 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Hong Kong3
Colombia2
United States2
Indonesia2
Pakistan2
South Africa1

Real user reviews

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About HSB

HSB is a forex and CFD broker based in Indonesia, with records dating to 2019-03-13. It reports oversight from BAPPEBTI, ICDX.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Overview compiled by FXCanary from regulatory records and public data. full HSB review