Hybrid Reserve is an unlicensed Forex and Cryptocurrency broker who opened its doors in June 2018. This broker is owned by Signel Bell LTD, located on Ajeltake Road, Republic of Marshall Islands.
The Financial Services and Markets Authority (FSMA) of Belgium has released a warning against trading Hybrid Reserve, which it suspects to be a scam.
Keep reading our full review below to see whether or not this broker is to be trusted.
What disappointed us was the fact that this broker does not have any information on trading opportunities on their website. In simple terms, this broker does not offer options when it comes to account types for traders to choose from depending on their experience and preference. This limited and rather unprofessional website does not give us the information needed for trading and investing which is a clear red flag that shows this might be a scam.
The lack of basic information is always a disadvantage, especially for all the beginners that can lose confidence while investigating the broker options. Having nothing about the minimum deposit options and lack of regulation, we would suggest our traders to not to invest any money with this broker.
Try trading with an award-winning broker like IQ Option
Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.
If one thing that will surely reduce the desire to trade with this broker, that’s the Hybrid Reserve platform. Namely, the Hybrid Reserve does not offer its traders MetaTrader as a trading platform option, but there is something called the in-house platform. Therefore, MetaTrader4 and MetaTrader5, which is preferred among the trading population are not available. As a team, we find this a major disadvantage.
As already explained, there is not an option to upgrade the trading account type as your experience and skills grow. To summarize trading options, Hybrid Resevers offers to its clients, straight-forward platform which doesn’t have good trading potential. While browsing around on the website we found an information that minimum deposit to trade with this broker is $250.
If you want to trade with an award-winning licensed broker, we recommended using IQ Option
We will be honest with you and tell you that their customer support is not answering our questions. Our team tried to contact them several times through email or live chat and they didn’t reply to our messages. It is strange that you cannot get info and the only thing you can do is to deposit your money directly with this broker.
We are used to the fact that most traders are looking to trade while they are ‘on the move’. In order to do this, traders need a laptop, tablet or a smartphone. The Hybrid Reserve claims to have a fully integrated platform so traders can use it at any time.
Try trading with an award-winning broker like IQ Option
Sponsored content
Master the markets with IQ Option
With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!
What we have managed to check through the deposit page is the ability to use credit and debit cards. The fastest methods that are recommended are: Mastercard and Visa. Some of the popular wallets that traders can also you are Western Union, Skrill, Paypal. This even looks like a good sign, knowing the circumstances and all the possibilities that this broker provides, but check it out several times before you make a deposit with Hybrid Reserve.
As for withdrawals, Hybrid Reserve warn us that bank wire transfers may take up to 7 days, and each one will be charged with the amount of $25. The minimum amount for withdrawal is 100 USD, GBP or EUR depending on the account’s currency.
The Hybrid Reserve is an unregulated broker located in Marshall Islands. In a few attempts, during this article, we have noted the risks that exist if you decide to trade with this broker. There is no assurance of the security of your money as well as the accessibility to the platform. As always, trade only with regulated and trusted brokers for added security and benefits.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Trade with an
award-winning broker
like IQ Option
