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Han Ba Ltd Review: High Risk (Suspected Fraud)

2023-11-16

Han Ba Ltd is a forex trading platform established in 2023. This article will conduct a comprehensive assessment of Han Ba Ltd across various dimensions, including regulatory licenses, trading instruments, trading software, fund security, deposit and withdrawal channels, leverage ratio, and more.

Han Ba Ltd Company Overview:

Han Ba Ltd is a brokerage firm that provides trading services in forex, precious metals, crude oil, and indices for investors. The official website of Han Ba Ltd does not disclose its registration information, but the contact details on the website suggest that the company may be registered in the state of Colorado, USA. A search on the U.S. Department of Commerce website by TraderKnows did not reveal any registration information related to the company. Additionally, according to the Whois query results, the company's official website domain was registered on September 18, 2023, less than six months ago.

官网显示公司注册信息

官网显示公司注册信息查询

官网域名注册信息Whois查询

Is Han Ba Ltd Compliant and Legal? Does it hold relevant financial regulatory licenses?

Han Ba Ltd claims on its official website to be regulated or authorized by the National Futures Association (NFA) in the United States and holds a Financial Crimes Enforcement Network (FinCEN) registered Money Services Business (MSB) license. However, TraderKnows found that the broker is listed on the NFA website as a non-NFA registered member, indicating a lack of NFA oversight or authorization. Additionally, FinCEN is a regulatory agency focused on anti-money laundering and counter-terrorism financing, and it does not regulate or authorize the activities of forex brokers. Therefore, Han Ba Ltd appears to engage in false advertising and unlawful operations by exploiting investors' lack of knowledge regarding regulatory matters.

官网显示监管信息

官网显示监管信息查询2

官网显示监管信息查询1

Trading Instruments Offered by Han Ba Ltd:

According to the information on Han Ba Ltd's official website, the broker provides trading services for financial derivatives such as forex, precious metals, crude oil, and indices.

官网显示交易产品信息

Trading Software Provided by Han Ba Ltd:

Han Ba Ltd's website indicates that the company offers investors its proprietary ST5 trading software, available for desktop (Windows/MacOS) and mobile (iOS/Android) platforms.

官网显示交易软件信息

Fund Security:

Han Ba Ltd has not disclosed any third-party fund regulatory information on its official website, raising concerns about the security of user funds.

Deposit and Withdrawal Channels:

Han Ba Ltd has not disclosed any information regarding user deposit and withdrawal channels, making it unclear how users can deposit and withdraw funds.

Leverage Ratio:

The broker advertises a leverage ratio of 1:100-1:500, while compliant trading platforms generally offer leverage ratios of 1:10-1:100.

官网显示保证金比例信息

Summary:

Han Ba Ltd is a forex brokerage firm engaging in illegal financial activities by using false regulatory information. The broker has not disclosed critical information regarding user fund security, deposit and withdrawal channels, etc. Currently marked as "Suspected Fraud" on TraderKnows, it is strongly advised to stay away from this platform to avoid potential financial losses. TraderKnows cautions that Han Ba Ltd is a highly risky forex trading platform.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Contract for Difference (CFD)

Contract for Difference (CFD) refers to a financial derivative in which investors and counterparties engage in speculative or hedging transactions by exchanging the price difference of a commodity. Importantly, this occurs without the need to physically own or trade the underlying asset.

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Risk Warning

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