Beware! Hybio Global Limited is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Hybio Global Limited is a broker we already reviewed, but previously, it was accessible through a different domain name. It often happens to see slightly rebranded scams carried out by the same scammers, and Hybio Global Limited is one such case – the similar logo, name, and domain are the treacherous signs. Find out why you should avoid this scam.
Hybio Global Limited Regulation and safety of funds
|Guaranteed Funds||Segregated Accounts||Negative balance protection|
|Hybio Global Limited||❌||❌||❌|
|UK regulated brokers||£85 000||Yes||Yes|
|EU regulated brokers||€20 000||Yes||Yes|
|AU regulated brokers||No||Yes||Yes|
|US regulted brokers||Yes||Yes||No|
Hybio Global Limited is allegedly operating from Hong Kong, which is probably true. However, the so-called broker does not have a license, so it’s unregulated, meaning that your funds will be in danger if you deposit. In fact, the corporate information provided by Hybio Global Limited is completely unverifiable, so this FX creature happens to be just another anonymous website. Avoid it and trade with real brokers instead.
Choosing your broker may very well depend on where you are located. For British traders, it’s always best to go for a broker licensed by the Financial Conduct Authority (FCA). In the EU, the majority of companies are regulated by CySEC in Cyprus; for Australians, you’d better look for ASIC brokers; in the US, it’s best to stick to CFTC/NFA brokers. And if you live somewhere else, where, for example, the local Forex regulations are not mandatory, it’s still recommended to trade with FX providers regulated by respectable authorities. They provide segregated accounts, negative balance protection and, depending on the country, deposit insurance funds may be available. For example, clients of CySEC brokers can claim up to €20 000, while in the UK, the coverage is up to £85 000 per person.
Hybio Global Limited Trading software
|Analytical tools||Auto trading||Custom indicators||Mobile apps|
|Hybio Global Limited platform||❌||❌||❌||❌|
|MT4||30+ indicators||✅||✅||Android and iOS|
|MT5||50+ indicators||✅||✅||Android and iOS|
|cTrader||40+ indicators||✅||✅||Android and iOS|
Hybio Global Limited claims to offer MetaTrader 5, which may have been the case in the past, but not any longer. We found their distribution, but it’s inaccessible and practically dysfunctional. Apparently, their license for MT5 has expired, so currently, they cannot offer any trading service whatsoever. However, even if they were able, that wouldn’t change anything, as the so-called broker remains anonymous and unregulated. Not to mention that pretty much every regulated broker will offer either MT4 or MT5, meaning that it doesn’t make sense wasting your time with suspected scams like Hybio Global Limited.
Speaking of MetaTrader 4 and MetaTrader 5, both platforms are considered the best options for retail Forex. MT5 is the newest and is considered the better version, but even if you trade with MT4, you’ll still have access to automated trading, custom indicators and plenty of analytical tools.
Hybio Global Limited Trading instruments
|Hybio Global Limited||Yes||Yes||Yes||Yes||Yes|
The reported trading instruments are grouped into the following asset classes – Forex, Commodities and Stocks. We cannot verify this information, but whatever the case, bear in mind that the adequately regulated will offer these instruments plus many more. Hence, there is one more argument for thinking twice before depositing with Hybio Global Limited.
Hybio Global Limited Spreads and cost of trading
|Hybio Global Limited||XM||FBS||FXTM|
The reported minimum spread is zero pips, but that’s another piece of information we cannot confirm. It’s worth mentioning, though, that a few brokers can offer such a tight spread, and it’s usually when people deposit a lot of money – thousands of dollars. That said, we doubt that Hybio Global Limited will offer such a lucrative difference, even if its platform was working properly.
Hybio Global Limited Maximum leverage
|Hybio Global Limited broker||100:1||❌||❌||❌||❌|
|UK regulated brokers||30:1||5:1||❌||10:1||10:1|
|EU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|AU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|US regulated brokers||50:1||❌||❌||❌||❌|
The same issue occurs regarding leverage – the broker claims to provide 100:1, but we certainly cannot validate this piece of information. 100:1 is a risky ratio that also happens to be banned in many places worldwide – the US, UK, EU and Australia are just a few examples. Therefore, Hybio Global Limited’s trading service is illegal in those jurisdictions, so you should avoid this broker anyway – you certainly don’t want to deposit with companies breaching international laws and regulations.
Hybio Global Limited Deposit and withdrawal methods
|Deposit time||Withdrawal time||Price|
|Bank wire||2-5 business days||2-5 business days||$25+|
|Credit card||Instant||24 hours||Free|
|Union Pay||1 hour||24 hours||2%|
|Skrill||1 hour||24 hours||2%|
The reported funding methods are seen in the table above, but unfortunately, we cannot verify these either. The problem, in this case, is that Hybio Global Limited’s sign-up page was broken, so we couldn’t open an account and test the deposit system. We don’t know what the problem is, but whatever the issue, Hybio Global Limited once again proved to be highly unreliable. It’s a scam, so make sure to avoid it!
Hybio Global Limited Minimum deposit
|Hybio Global Limited||XM||FBS||FXTM|
|Minimum deposit||Not specified||$5||$10||$5|
Hybio Global Limited does not reveal any details about deposit requirements. The so-called broker fails big time, as it cannot provide proof of legitimacy, a platform and most of the trading conditions. At this point, we are confident it’s a fraudulent scheme, so do yourself a favour and stay away from it even if it’s working properly.
Hybio Global Limited Withdrawal requirements
|Trading volume||Fee/Tax on withdrawal||Minimum withdrawal|
|Hybio Global Limited / offshore brokers||500x||15%||$300|
|UK regulated brokers||No||No||No|
|EU regulated brokers||No||No||No|
|AU regulated brokers||No||No||No|
|US regulated brokers||No||No||No|
No withdrawal requirements are specified also. In fact, the brokerage does not even have legal documentation, which is yet another scam sign. However, being aware of how fishy FX creatures like Hybio Global Limited work, we can reasonably expect that they will dream up all sorts of excuses to reject clients’ requests for withdrawals. For example, the so-called broker may introduce impossible trading volumes to execute, unacceptable fees and high withdrawal requirements to discourage people. Also, watch out for more red flags. The ultimate scam signs would be if the broker asks for additional deposits to let you claim your money back. Scammers always do it.