Hybrid Reserve Review is HybridReserve a Scam or Legit Broker

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HybridReserve Review

HybridReserve

Reason to avoid: Offshore license

Listed Date: October 31, 2020

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Beware HybridReserve is a Non-Regulated broker. It is NOT SAFE to trade.

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Is HybridReserve a scam or legit broker?

No, it is not safe to trade with HybridReserve. HybridReserve is own by SingleBell OU which is an offshore company registered in St. Vincent and the Grenadines.

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CapitalXP, Welkron and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

The HybridReserve broker offers a trading solution for the traders of different size including professionals, private or institutional traders, while the software package delivers efficiently and profitably. The broker claims to be incorporated in tallin, Estonia. Apart from the fact that St. Vincent and the Grenadines is a very liberal jurisdiction, which not overseeing the financial investment firms and their activity, the office in Estonia is not registered as well. That means that the broker is actually is an illegal entity.

In addition, the broker has been banned by several regulators:

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“The Financial Services and Markets Authority (FSMA) warns the public against the activities of (Singlebell Ltd / SingleBell OU), a company that offers investments without complying with Belgian financial legislation. HybridReserve (Singlebell Ltd / SingleBell OU) is not allowed to provide banking and/or investment services in or from Belgium.” FSMA, 19 February, 2020.

“SingleBell Ltd. is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore not permitted to trade in financial futures contracts (futures) on its own account or on the account of others” FMA, 1 March, 2020.

Hybrid Reserve Review: is HybridReserve a Scam or Legit Broker?

Hybrid Reserve Review: HybridReserve is a forex and cfd broker that offers trading in a huge range of assets spanning commodities, indices, stocks, currency pairs including cryptocurrencies. They have their address at Trust Company Complex, Ajeltake Road 96960
Marshall Islands, and they are owned and operated by SingleBell LTD.

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HYBRID RESERVE TRADING PLATFORM

This broker uses the Proftit trading platform for CFD and Forex trading.

DEPOSIT AND WITHDRAWAL METHODS

The available methods are Bank Wire transfer, MasterCard, Visa, WebMoney, cashU, Skrill. The minimum deposit is $250.

Is Hybrid Reserve LICENSED?

NO! HybridReserve broker is not licensed. Therefore, no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.

SUPPORT

This broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.

CONCLUSION

Hybrid Reserve is an unregulated broker, this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe. They accept traders worldwide.. visit their official website

On Facebook is an Ad to get a Singapore virtual Id-card when investing in the new Singapore Crypto CNCX… You fill out the form and then the window of Hybrid Reserve opens and to the same time a call from Hybrid Reserve. I opened the account and didn’t know that Hybrid Reserve is a Bank from Estonia and located in London… In the end, you can’t trade the CNCX on their Plattform. And now it is very difficult to get your deposit back and to close this account.

PLEASE — DO NOT GIVE THEM ANY MONEY .. DO NOT TRUST ANYTHING THEY TELL YOU. They will take your money and never return it. They will acknowledge people write negative reviews and use excuses like – Other Brokers are out to get them – It’s their competitors – Couple reviews are bad, no one writes good ones and many more Trust the people writing these reviews .. not the cons in Hybrid Reserve. My bank blocked my payment to HBR because they were recognized as insecure and their excuse for my bank doing that was because the banks don’t … Read more »

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RISK DISCLOSURE

Trading binary options may not be suitable for everyone and may also not be legal in your jurisdiction,make sure you are aware of the risks involved as there could be total loss of capital. Don’t trade with money you cannot afford to lose. Binary Options is prohibited by the ESMA. BestBinaryOptionsWatch.com cannot be held liable for any damage resulting from use of information on this website. The FTC Required Affiliate Disclosure: BestBinaryOptionsWatch.com is a professional review site that is independently owned and as such, opinions expressed here are our own. We receive compensation from companies whose products we review. However our professionals test each products thoroughly and recommend the best.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
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    Free Demo Account! Free Education!

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    Binomo

    Honest broker!

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