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Unregulated

HSB

Indonesia · PT Handal Semesta Berjangka
Unregulated Indonesia 5-10 years Forex, Commodities Listed on MetaQuotes MT5 Main market: ID
1.6/ 10
Trust score

Poor

High-risk profile — proceed only with caution and small amounts.

Licensed-broker average 4.9 / 10
HSB has no verified tier-1 regulatory licence on record. See what this means →
User reviews
—
License status
None
Operating since
2018
Platforms
—
Min. deposit
—
Max. leverage
1:400
Account types
—
Website status
Online
checked 25 Oct 2026

HSB Review — Overview

Updated 29 Jul 2026
Regulation
Unregulated
Licence status
Regulated
Max. leverage
1:400
Instruments
Forex, Commodities, Indices, Shares
Typical spread
No Specific Discount
Operating
Est. 2018
Main market
ID
Entity
PT Handal Semesta Berjangka
Website
hsb.co.id · Online

HSB is a forex & CFD broker based in Indonesia, established in 2018. On Trust Broker Hub it holds a Trust Score of 1.6 out of 10, which we rate as Poor — below the 4.9/10 average for brokers that hold a verified licence. High-risk profile — proceed only with caution and small amounts.

We could not verify any regulatory licence for HSB. Trading with an unregulated broker is high-risk — your funds are not protected by any authority, and there is no official body to turn to if withdrawals are blocked or the broker disappears. We strongly recommend a regulated alternative from the list on this page.

HSB provides access to Forex, Commodities, Indices, Shares. Published conditions include leverage up to 1:400. No complaints are currently on record. Overall, HSB carries a high-risk profile. Only consider it with money you can afford to lose, and verify everything independently first.

Trust score breakdown

How is this calculated?
Regulation no licence on record 1.0 / 10 × 50%
Transparency public disclosure 4.0 / 10 × 20%
Footprint track record 4.0 / 10 × 15%
Reviews no verified trader feedback yet 3.0 / 10 × 10%
Complaint record no complaint history on file 5.0 / 10 × 5%
Weighted total 2.45
Data completeness 3 of 10 facts verified 30%  ×0.65
Trust Score 1.6 / 10

We could verify only 3 of 10 facts about HSB, so its score is scaled down. A missing licence, undisclosed trading terms or no track record cannot earn marks — absence of bad news is not evidence of safety.

Trust Score history

HSB currently scores 1.6/10. The trend line will build here as the Trust Score is re-evaluated over time.

Pros

  • No unresolved complaints on record
  • Live website and reachable support channels
  • Listed in our verified broker directory

Cons

  • No verified regulatory licence on record
  • Always verify the licence directly before depositing

Regulation

0 licences

No regulatory licence on record for HSB. Treat with caution and verify before depositing.

MetaQuotes registry

As listed in the MetaQuotes MT5 broker directory · checked 26 Oct 2026
PT. Handal Semesta Berjangka MT5 server: HandalSemesta
Registration number
8120203702169
Registered address
AIA Central Tower Lantai 29, Jl. Jend. Sudirman Nomor Kaveling 48A, Kota Adm. Jakarta Selatan, Prov. DKI Jakarta, 12930, Indonesia
Offices
Indonesia
Status (per MetaQuotes)
Regulation: Indonesia
Website
www.hsb.co.id
Email
info@hsb.co.id
Abuse reports
info@hsb.co.id
Phone
Tel: +62 2150122288

Company details come from the broker's listing in MetaQuotes' MetaTrader 5 directory. A MetaQuotes listing is not a regulatory licence; see the Regulation section above for verified licences.

Trading conditions

Self-reported
InstrumentsForex, Commodities, Indices, Shares
Minimum depositNot disclosed
Maximum leverage1:400
Typical spreadNo Specific Discount
PlatformsNot disclosed
Demo accountNot disclosed

We mark unverified fields as “Not disclosed” rather than estimate them.

Our verdict on HSB

Editorial · updated 29 Jul 2026
Our analysis · editorial 1.6/10

High-risk profile

HSB does not hold a verified regulatory licence on record. Based in Indonesia, it has been operating for about 8 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 1.6/10 — a high-risk profile.

Strengths
  • Operating for 8 years
  • No complaints on record with us
Watch-outs
  • No verified regulatory licence on record — funds may lack protection
Bottom line: High risk — we would avoid depositing significant funds until its regulation improves.

This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.

User reviews

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HSB — Questions & Answers

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Complaints & alerts

0 on record
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag HSB here if that changes.

Full specifications

Regulated region
Indonesia
Operating period
5-10 years
Main market
ID
License status
Regulated
Instruments
Forex, Commodities, Indices, Shares
Year founded
2018

Frequently asked

Is HSB a safe broker?
HSB scores 1.6 / 10 on our Trust Score, below the 4.9 average for brokers that hold a verified licence. It has no verified tier-1 licence, raising risk. It has no complaints on record with us, though that is not proof of good conduct. Trade only with funds you can afford to lose.
What is the HSB MT5 server name?
HSB is listed in the MetaQuotes MetaTrader 5 directory under the server name "HandalSemesta". In MetaTrader 5, add an account and search for that name, then choose the exact server shown in your account details from the broker. Read our methodology.
Is HSB regulated?
MetaQuotes lists PT. Handal Semesta Berjangka with the status "Regulation: Indonesia". That is the broker's own declaration to MetaQuotes, not a licence we have checked. We hold no verified licence for it, so check the regulator's own register before depositing.
How is the HSB trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from HSB?
HSB publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.