https://www.hsb.co.id/en
HSB, also known as PT Handal Semesta Berjangka, is a reputable forex broker registered and regulated in Indonesia by BAPPEBTI (Commodity Futures Trading Regulatory Agency). It has been operating since 2006 and is a member of ICDX (Indonesia Commodity and Derivatives Exchange), underscoring its regulatory compliance. HSB offers access to about 45 trading instruments, including 17 forex pairs (majors and exotics), commodities like gold, silver, and oil, global stock indices such as the S&P 500 and FTSE 100, and shares of well-known companies. The broker provides multiple trading platforms including MetaTrader 5, WebTrader, and a mobile app, with leverage up to 1:500.
Key Features
Regulation: BAPPEBTI (Indonesia), ensuring local regulatory oversight and protection.
Trading Instruments: Forex, commodities, global indices, stocks, and CFDs totaling about 45 instruments.
Platforms: MT5, WebTrader, mobile app.
Account Types: Demo and live accounts.
Minimum Deposit: Not clearly stated but generally accessible.
Leverage: Flexible up to 1:500.
Payment Methods: Bank transfer, credit/debit cards.
Risk Management: Client funds are segregated; KYC and AML policies enforced.
Pros and Cons
Pros Cons
Regulated by BAPPEBTI and member of ICDX Limited range of tradable instruments
Multiple platforms including MT5 Lack of clear info on minimum deposit
Leverage up to 1:500 Some user concerns about withdrawal delays
Provides commodities and stock indices Limited international presence
Mobile and web trading apps available Additional commissions on some trades
Segregated client funds and compliance Inactivity fees may apply
User Feedback
Users appreciate the reliability and local regulatory oversight.
Some raise concerns about withdrawal processing times and additional fees.
The customer support is generally responsive but has mixed reviews.
Trustpilot rating around 3.7 suggests average satisfaction with room for improvement.
Summary
HSB is a regulated and established Indonesian broker focused on serving local and regional traders with access to multiple asset classes through advanced trading platforms. Its regulatory compliance and range of products offer reasonable security and flexibility, though users should be aware of some operational friction like withdrawal times and limited instrument variety.
This review is gathered from regulatory information, expert analyses, and user experiences in 2025
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