What Account Types and Fees Does HSB Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and novice traders |
Access to basic trading tools and education |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage and advanced trading tools |
Requires trading volume qualifications |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law |
Requires documentation for eligibility |
| Demo Account |
All traders |
Practice trading without financial risk |
Available for all users |
Account Opening Process
To open an account with HSB, potential clients need to complete several steps. Initially, they must provide personal information such as their name, address, and contact details. Following this, employment and financial information will need to be submitted to assess the applicant’s trading experience and financial background. Additionally, identity verification is required, which includes submitting a valid ID and proof of address. HSB offers flexibility in account management, allowing clients to upgrade to a professional account at a later stage if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/JPY) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minor pairs |
| CFDs (Stocks) |
Variable |
$0 (ECN: $3.5/lot) |
Fees can vary based on stock |
| CFDs (Indices) |
Variable |
$0 (ECN: $3.5/lot) |
Fees may vary based on the index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
HSB may impose various fees in addition to trading costs. These could include deposit and withdrawal fees, which may vary based on the payment method used. There may also be inactivity fees applied to accounts that remain dormant for extended periods. Platform usage fees could apply, depending on the services utilized. Additionally, overnight interest or swap rates may be charged on positions held overnight, and currency conversion fees could be applicable when trading in different currencies.
