Forex investment

Hybrid Reserve Forex Broker Review

Hybrid Reserve Forex Broker Review

Before each review, we like to do a little research to see what other people think about a specific broker. We do not let those taught have an impact on our review, but it’s nice to see if a broker has numerous satisfied clients or not.

Things weren’t any different this time and we looked for Hybrid Reserve on the Internet. Well, there was a surprise that we didn’t want to see. Every single review was negative and so many people ended up disappointed. In most cases, they claim that the service is bad, and they were scammed, so we will take that into consideration and continue our research to see if those negative reviews exist for a reason.

The first thing you need to know about this broker is that it has existed since 2018 and the company that owns and operates it is called SingleBell LTD, located in Kingstown, Saint Vincent and the Grenadines. When you visit the website, it looks professional, neat and responsive. You can take a look at the platform, even though you do not have an account. This is a big deal and the first plus we can give to Hybrid Reserve. It’s nice to have a broker who is ready to show every segment of its business before you even become a client and we do hope that things will remain the same in other parts of the business.

The platform is web-based and if you do not like to download and install different apps for trading, you will like it. Also, it’s responsive and works just fine. You have every important tool at your disposal and although we dislike the design, we cannot say it’s a bad platform. The design depends on personal preferences and it doesn’t play a big role in trading as long as everything is working flawlessly.

Our main advice would be to test the platform and see if it fits you or not, now that you have an option to open it without an account, it would be a shame not to use that opportunity. Once you try it out and see if it’s easy to manage, you can open an account and deposit money.

Hybrid Reserve Forex Broker Review

What Can You Trade with Hybrid Reserve?

If you tried the platform and liked what you saw, it’s time to move on to tradable assets. Every broker has to provide a wide variety of assets to its clients, and apparently, Hybrid Reserve knows that. Once you go to the trading platform, on the left side of the screen you will see Stocks, Crypto Currencies, Indices, Currencies and Commodities. So, all important asset classes are covered, and you can choose the one you prefer the most.

Unfortunately, we are not completely satisfied with this part because there isn’t enough selection between those classes. True to be told, we are used to having over 200 assets at disposal and that’s not the case here. When you choose the stock option, you will see the complete list that’s not so long. There are some popular companies, but the most important ones such as FAANG stocks are not available. That said, we cannot tell you have a great selection at your disposal although it looked like that at the beginning. So, if you are used to having different options, Hybrid Reserve won’t satisfy your needs at all and you have to open an account somewhere else.

Hybrid Reserve Trading Accounts Offered

Remember how we said at the beginning that we found a lot of negative comments about Hybrid Reserve online? Well, this is the part where we can see why people are unsatisfied. There is not a single chance to find out information about accounts. We searched every part of the website and there is nothing helpful.

The worst thing of all, once you go to the Sign-Up page to open an account, an error will appear, and you won’t be able to complete the action. So, not only were we unable to find information, but we were unable to open an account as well. This left such a negative impression on us since those kinds of errors should not happen.

Hybrid Reserve Forex Broker Review

Hybrid Reserve Withdrawal and Funding Methods

Unfortunately, we won’t be able to talk about funding methods a lot. As with the previous segment, this time we also faced disappointment. Hybrid Reserve doesn’t provide all the necessary information about deposits and withdrawals.

Apparently, transparency is not a big part of this broker and we completely understand every client who complained about that. We can tell you that the minimum withdrawal requirement is 100 USD/GBP/EUR. Also, there is a minimum trading amount (turnover) that has to be reached before you request a withdrawal and it is determined from the total amount of all deposits you placed.

Another thing that we disliked is the minimum trading period. Hybrid Reserve has a requirement that you need to fulfil one-month trading period before you make a withdrawal. So, to take your money you have to trade at least a month from the time you placed the initial deposit.

When it comes to fees, there aren’t any if you choose Credit Card as a withdrawal method. But if you go with Wire Transfer, you will have to pay $25 each time you make a withdrawal. Also, the processing time is quite long. When you make a request, this broker needs four business days to review that. After that, they have a period of ten business days to add money to your bank account. This means that it takes three weeks to receive money here, and if you ask us, that’s a long time. Especially if we keep in mind how questionable their service is.

Education Resources at Hybrid Reserve

This Hybrid Reserve review began with very positive thoughts. Everything seemed just fine, but as we are coming to an end, we can tell that things are completely different. Not only is there missing information, but this broker doesn’t provide the most important segments of business such as education. If you are an experienced trader, then you know that without education you won’t be able to do much and be successful. Apparently, Hybrid Reserve doesn’t care about that and if you open an account here, you will have to find another place for learning, which is unacceptable.

Each person who deposits money has a right to have a proper service. Forex is a competitive market, there are so many different brokers and clients can choose from a very wide selection. So, there is no reason to settle with someone who is not ready to provide you with the best service. Instead, you can keep looking and find another Forex broker who has the best educational material and customer support. After all, it’s your money and you have a right to demand what’s best for you.

Customer Support at Hybrid Reserve

The last part of this review is one of the most important things a broker has to offer — customer support. Without it, there is no chance that you can trade peacefully. At Hybrid Reserve, customer support is available 24 hours 5 days a week which would be great, if it was true.

There is an option to fill in an online form, send an email or call one of the available phone lines. Live Chat is not included and that’s a big minus from us. This is the easiest and most convenient method for all clients, and it should be available always.

For example, once we discussed account types, we wanted to check with them and get a fast reply. That wasn’t possible and we had to send an email. Days passed and we did not get any reply from them. So, our experience was not that positive and unfortunately, we cannot recommend Hybrid Reserve as a trusted and secure broker.

Hybrid Reserve Forex Broker Review

Is Hybrid Reserve a Good Broker?

There aren’t many things left to be said now, since we already realised that Hybrid Reserve is not a reliable broker. In the beginning, everything was just as it’s supposed to, but in the end, it turned out to be one of those brokers who make a lot of false claims and we can completely understand complaints from registered users who ended up being disappointed. So, the only thing we can say now is to find another broker who will treat you better.