Hybrid Reserve Review
Regulated by: None
Headquarters: Marshall Islands
Ranking: 38
Spread: 0.5 pips (EURUSD)
Leverage: 10:1
Minimum Deposit: $0
Hybrid Reserve Review & Author's Comment
Hybrid Reserve Review & Author's Comment
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.
| Broker Detail | |
|---|---|
| Adress: | Ageltake Road, Marshal Islands |
| Phone: | +44-2034778333 |
| Web: | http://www.hybridreserve.com |
| E-Mail: | support@hybridreserve.com |
| Regulator: | None |
| Year Founded: | 2018 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: | Bitcoin, Bitcoin Cash, ByteCoin, Clams, Dash, Lisk, Litecoin, Monero, Ripple, Ethereum |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Credit Card, PayPal, Skrill, Webmoney, CASHU, Western Union |
| Withdrawal Methods: | Wire Transfer, Credit Card, PayPal, Skrill, Webmoney, CASHU, Western Union |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | English |
| Platforms | |
|---|---|
| Supported Platforms: | HybridReserve Platform |
| Webtrader: | |
| Mobile: | IOS, Android |
| Trading | |
|---|---|
| Leverage: | 10:1 |
| Spreads: | As low as 0.5 pips for EURUSD on Standard Account |
| Minimum Deposit: | $0 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: | |
| Accepts Clients from the US: | |
| Bonus: |
Hybrid Reserve Review
Hybrid Reserve Review
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Deposit - 0.3/100.3/10
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Deposit & Withdrawal - 3.5/103.5/10
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Bonus - 2/102/10
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Customer Support - 1.5/101.5/10
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Overall Trading Conditions - 1.5/101.5/10
Summary
No regulation, low leverage, lack of different trading platforms, no MetaTrader 4. Scores very low in reliability department and not recommended.
well they scammed me put in initial deposit of $250 then another 3k over a few weeks keeped getting pressured to put in 10k as my trader said he didn’t make commission on anything under that tried to pull out my money and withdrawal was canceled the 3 days later he lost all my cash in 4 trades DO NOT JOIN Hybrid Reserve
I got in contact with HybridReserve. Thanks to what I know about this firm : located in Marshall islands and not licensed, I was dubious about them. So I asked them about their address in London, the answer is that they cannot give it, for security reasons, because they have too much money. Only clients are allowed to know it. There are some bad reviews about them. I don’t completly rely on reviews, but I try to have an opinion on better basis. I can’t be sure they are a scam broker, but since I have too much doubt, I… Read more »