HybridReserve is a non-regulated forex, CFDs and cryptocurrency broker based in the Marshall Islands. South African investors can trade over 200 CFD assets from all five major financial markets: forex, cryptocurrency, stocks, commodities and indices through their web-based trading platform.
HybridReserve is the type of broker that invests in a professional-looking site, but in reality offers no substantial information or particular special features.
The Financial Services and Markets Authority (FSMA) of Belgium has warned investors against trading with HybridReserve, which it suspects to be a scam.
Our team took a closer look at HybridReserve to try and discover whether this is yet another scam in the industry that South African traders should stay away from at all costs.
Read our full review and verdict of HybridReserve below.
HybridReserve Demo Account for South Africans
HybridReserve has absolutely no information across their entire site about any account types they may offer. This makes us believe they do not have any account types available that could possibly cater to different experience levels or traders’ personal preferences.
Instead, in a rather lazy attempt, they offer only one trading account with a minimum deposit of $250.
All brokers should give South African traders the chance to choose an account type they prefer, starting from a beginner’s account and gradually moving up to a professional trading account with many special features. It is also advisable that a broker offer a demo account, so users can practice trading entirely risk-free before investing any real money.
HybridReserve not only offers no demo account and no trading accounts whatsoever, but they provide incredibly limited information about what they do offer. This makes their so-called “security and reliability” very questionable.
All brokers will claim to be safe and reliable, but this is not always the case. Many of these companies are scams that just want to mislead South African users into investing a lot of money. Traders should always look at the facts before investing, starting from the broker’s license.
HybridReserve has no license. They are not regulated under any entity.
Tip: Trade with IQ Option South Africa instead, the best regulated broker for South African traders with a minimum deposit of only $10!
HybridReserve disappoints once again by only providing one type of trading platform, a web-based trading platform made by Profit. They do not offer the most popular trading platforms like MetaTrader4 (MT4) or MetaTrader5 (MT5).
Their web-based platform is accessible directly from their website and since it is web-based, does not require any downloads or installations.
HybridReserve also offers a mobile trading platform for easy, on-the-go trading.
HybridReserve does not have any education resources available. They mention that video tutorials and an eBook will be available soon, but this broker has been up and running since June 2018 and nothing has been updated or added as of yet.
Being properly educated before investing any money into trading is strongly encouraged. Many brokers offer these education resources directly on their website to help new traders directly. The fact that HybridReserve does not offer this to its users is yet another large disadvantage.
HybridReserve Scam in South Africa
South African users can reach the HybridReserve customer support team through email, phone, live chat, or by filling in the contact form on their website.
Their customer support team is available 24/5.
HybridReserve is owned and operated by the company SingleBell LTD, which is located at Trust Company Complex, Ajeltake Road, Republic of Marshall Islands.
This broker offers various payment methods, from bank transfer, credit card (Visa, Mastercard), Western Union, Skrill and Paypal.
Hybridreserve warns users that wire transfers may take up to seven days and will be charged $25 each.
Warning: South African traders are not encouraged to deposit any money with this broker.
While reviewing HybridReserve, we had an especially difficult time trying to find any advantages this broker offers. The only thing we found were even more red flags.
We therefore reached the conclusion that HybridReserve should not be trusted and South African traders should not invest any money with this broker.
HybirdReserve is not regulated under any entity (an immediate red flag) and their entire site is particularly vague. They offer no account types or different trading platforms either. In reality, this broker is not even close to be appealing in any way.Conclusion: 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! Between 74-89 % of retail investor accounts lose money when trading CFDsYour capital is at risk
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