Is Hybrid Reserve a scam or reliable forex broker? I have been trying to write a Hybrid Reserve review for last weeks and finally found the chance to do it. Hybrid Reserve is a forex broker that is owned by a company called Singlebell LTD located in Marshall Islands. First things first, Hybrid Reserve is not regulated by any financial authority; therefore Hybrid Reserve gives impression of a scam.

Regulation and reliability are the two most important factors for me when I consider a forex broker. If a forex broker offers a lot in other departments such as spreads, customer services, trading platforms, tradeable instruments but it is not regulated, I don’t rank it high in my list. Hybrid Reserve is one of those brokers.

No Fund Security

In addition to lack of regulation, Hybrid Reserve doesn’t offer anything in terms of funds security. Forex brokers regulated by Cyprus CySEC are participated in Investor Compensation Fund (ICF) and by UK FCA are in Financial Services Compensation Scheme (FSCS).

This means when the brokers go bankrupt, your money is safeguarded by those insurance schemes and you can get your money back. However, Hybrid Reserve is not a member of any insurance scheme which means your money is as safe as a virgin in the military barrack.

No MetaTrader, Low Leverage

Another disadvantage of Hybrid Reserve is that the Broker doesn’t offer MetaTrader and maximum leverage is only 10:1. Instead, they have their own browser based trading platform.

On the pros side, I can count the wide range of tradeable instruments, deposit / withdrawal methods and low spreads. However, Hybrid Reserve does not meet the primary criteria for me to be recommended as a good and reliable broker.