ANSWER HBCEC has no licenses to operate as a broker.The website claims to have a UK registration number 12355239 as NEXUS TRADE LTD, a company that has already been dissolved in 2021, according to the records from the Companies House (CH). Despite claiming to be domiciled in the UK, our search in the Financial Conduct Authority (FCA) yielded no results. This means the broker is operating outside of the regulatory framework enforced by the FCA.Operating in an unregulated environment, HBCEC presents substantial risk of fraud and identity theft. To avoid falling prey to potential fraud schemes, investors are strongly advised to steer clear of unlicensed brokers like HBCEC and instead choose fully regulated ones.
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