Reason to avoid: No License
Listed Date: October 31, 2018
Top 3 Regulated Forex Brokers
Beware HybridReserve is a Non Licensed Broker. It is NOT SAFE to trade.
- Company name:
SingleBell OU. HybrydReserve.
- Registration Address/ License:
Estonia. Marshal Isnalds. No License, No Regulation.
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 owning company of the HybridReserve states its address in Tallinn, Estonia, while research shows the connection to the firm incorporated in the Marshall Islands.
Apart from the fact that the Marshall Islands 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.
Moreover, after looking closely to the offering of the HybridReserve, it became obvious that the broker’s offering confusing in terms of the trading conditions, withdrawals and some policies applied. Since the broker is a non-regulated one the company management decide themselves how exactly to operate and treat clients. This is, actually, the biggest risk while investing or trading with a non-licensed broker, as simply the international standards that do protect the client and his investment at various cases remain at the brokers’ disposal. As well it is quite a typical action from an offshore broker to attract clients, receive a deposit and then either manipulate the market so then the investment will be gone or never return funds back.
In order to avoid such scenarios, we strongly advise trading only with the regulated brokers that maintain strictest standards and are obliged to maintain necessary capital requirements that confirm the company sustainability. The reputable and strictest worldwide jurisdictions and known hubs of Forex business include UK with respected FCA regulatory, Australian ASIC and more.