Today I want to tell you about Hybrid Reserve. Are you excited to learn the detailed information about the broker? Let’s begin!
Hybrid Reserve is a relatively new CFD broker. The broker was established in June 2018. Its headquarters are in republic of Marshall Islands.
If you are reading this Hybrid Reserve review, you are doing a research on the broker. Is Hybrid Reserve scam or a reliable broker?
What are account types and spreads? Does broker have any license from regulators? You can also find answers to these and similar questions in this review.
Although Hybrid Reserve Trading is a newcomer to the forex market, most of the comments made about it are negative.
I reviewed Hybrid Reserve based on the following criteria.
- Unregulated broker
- There is no any info about account types
- Not avaliable fixed spreads
One of the main reasons for having such a negative comment is that there is a fairly limited number of information about the broker. Because official websites are dysfunctional and far from user friendly. It is very difficult to get any information from the official web site, www.hybridreserve.com.
Another nonsense of the website is when you try for hybrid reserve login. There are two blank boxes. It is not clear whether I should enter username, nickname or e-mail address to upper box.
For beginners, even it could be hard to guess that they should enter their password to lower box. Indeed a good website (!)
Furthermore, the website claims that it was established 2013. But, it’s so easy to disprove this claim using certain internet services. They are active since 2018. It’s one of the tricks that brokers use to get impression that they make trade operations for a long time.
I have written many brokers reviews so far. I also made deposit and traded in all of these brokers, with keeping in mind the wishes of my visitors. Then I wrote my experiences and observations in an impartial manner.
When I examined these brokers, we could see the account types, deposit and withdrawal methods, fees and commissions on the website. But the Hybrid Reserve’s official website, Hybridreserve.com, is one of the worst I’ve ever seen.
I can call it a very limited and amateurish web site for information purposes. It’s almost even worse than my blog where I tell you about my experiences.
I was expecting that the website of a company that was going to offer an online trading service to forex investors would be even better. However, they are at the beginning of time; I am criticizing them, hoping that they will correct this negativity.
Let’s talk about top 5 visitor countries to the website. Almost half of the visitors of HybridReserve comes from Germany with 48%. The others are Australia, United Kingdom, Ireland and Sweden which totally makes up 87% of their visitors with inclusion of Germany.
So I can say the broker heavily focused on particular countries to get customers.
Their customer profile seems to be really interested in bitcoins. The website gets the most referring from bitcoin sites. Hybrid Reserve itself featured bitcoin, too. There is a giant image about bitcoin on their home page. It’s really hard to miss it.
Regulation at Hybrid Reserve
Regulation is one of the most important criteria when choosing a broker. Because trust in forex market is the most important issue. To ensure this trust, brokers are licensed from different regulators.
If you are going to view the brokers in my top 5 list at the section of forex brokers reviews, you can see that they are all licensed.
I can understand that a broker is licensed from relatively low reputable regulators to offer better bidding, better campaigns and bonuses to investors. However, it is not understandable that a broker is not licensed and regulated.
As far as we are concerned HybridResserve is an unlicensed broker. There is no information about it in the official website as we can’t reach the license information.
I have not received any license information from Broker’s parent company, Single Bell LTD. Therefore, the broker has a lack of regulation. If you open an account and encounter any problems after trading, there is no authority to apply.
Regulation is one of the most important issues for forex traders. One of the first criteria to be considered when measuring the reliability of a broker is regulation.
The focus of these complaints is the withdrawal problems. Because when an investor loses, there is no problem with any broker.
Moreover, customers aren’t under guarantee of compensatory scheme. For example Investor Compensation Fund (ICF) of CySEC. If brokers bankrupted this scheme gives assurance customers to get back their money.
Of course there is a maximum limit for that. However, if you are an average trader, your money would be in safe.
Account Types and Spreads
Account Types & Spreads
It is unfortunately not possible to get any information for the account types offered by Hybrid Reserve. Because there is no information on official website.
This is also an important negativity. Because a broker should be as transparent as possible against investors. This makes the trust relationship easier to establish.
Similarly, there is no information about leverage and spreads. However, it is possible to reach online trading platform on the website. (Because HybridReserve do not offer MT4 ot MT5 as online trading platform but own platform.)
This way we can see leverage and spreads. Leverage for EURUSD 1:10. That’s a pretty low leverage. If you look at the other brokers in my list, you can see that many brokers licensed from reputable regulators like FCA or ASIC offers higher leverage as 1:500.
Spreads are 0.4 pips on EUR/USD. I think the most positive feature we can see is spreads. Very low spreads are offered by Hybrid Reserve. I can say below the average in the forex brokerage industry.
If spread is an important criterion for you, you can browse a reputable forex broker offering low spread by clicking the button below.
Hybrid Reserve Trading Platform is one of the important factors that will prevent investors from choosing Hybrid Reserve. The broker does not offer MetaTrader from popular trading platforms. Instead, the company has its own in-house platform.
Therefore, MT4 or MT5, preferred by 80% of investors in the forex market, is not available. I can say that this is also a major disadvantage. Because many professional investors use forex robots called the expert advisor.
In addition, advanced trading platforms can be customized according to the investor. Investors can combine the indicators they want to use through these platforms. So they can back-test their new strategies.
When you use the Hybrid Reserve Trading Platform you are deprived of all these features. Below you can see the image of this platform.
Well, I have to be honest with you. Their customer service is awful. It seems like there is something they hide. Not only they don’t show account type details on their website, they don’t give you information on live chat either. In fact, they even stopped answering me. God help their clients!
Deposit and Withdrawal Methods
Although the payment methods offered by Hybrid Reserve are not very extensive, I can say enough. The fastest method, of course, is to fund or withdraw with the credit/debit card such as MasterCard and VISA, as well as other brokers.
You can also use popular e-wallet systems such as Skrill, Paypal, Webmoney and CashU. However, there is no information about fees charged by Hybrid reserve.
Hybrid Reserve focused on CFD trading. However, it has wide range of opportunities for their customers. CFDs of currency pairs, stock exchange, gold and silver as commodities.
This year’s prominent trading instrument is bitcoin and you can trade with it in this broker as a cryptocurrency. Indices and futures are also available.
My final thoughts about Hybrid Reserve broker isn’t very good. The company isn’t regulated by any watchdog. ‘Why would you trade with a broker which has no license by any regulator?’ This is the question you need to ask yourself before start trading.
In this broker review, I tried to give you a summary. ‘Is this company a scam broker?’ I can’t answer this question before I trade with this broker. But, most probably yes it is scam broker. The company can’t give assurance to me at all.
Although the spreads and minimum deposit requirements are quite low, the firm can’t offer a high leverage for average forex trader.
There are many trading instruments. I believe this is one of the advantages of the firm.
I am sorry to not being able to give you information about account types. But as I declared above, it wasn’t my fault.
As for hybrid reserve trading platform, hybrid reserve is also one of the worst! Any broker that doesn’t offer the market standard Meta Trader 4 is over for me.
Among all these negative things, their customer service employees don’t help either. So I personally don’t recommend this broker but the choice is up to you.
if this broker isn’t for you after reading this review, you can check other reviews by my top forex brokers list.
Also don’t hesitate to comment below if you have any experience with the broker!