Hlyton Review: Avoid Dealing With This Scam Broker
Hlyton Broker is just another one that is not worth your time and money. Non-transparent ownership information, misleading traders, and uncompetitive trading platform. Those are only a few reasons why not to trade with this broker.
They are offering Forex and CFD trading services since 2017. But the impressive fact is that they claim to have some of the most trusted licenses in the world. To find the real truth behind this broker read this unbiased Hlyton review carefully.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Supported Platforms:||Web trader|
|Cryptocurrencies:||Yes – BTC, BCH, ETH|
|Types of Assets:||Forex, Indices, Shares, Cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Is Hlyton a Scam Broker Without License?
Hlyoton didn’t hesitate to say that they have the best Tier 1 licenses in the world. They have on the website presented FCA, FSA, ASIC, CySEC, and NBRB. Another key Tier 1 regulator is BaFin. We are wondering how come they didn’t add it to their list.
But the real reason is that they don’t have any licenses. All that information is falsely presented to traders to shamelessly make them believe in their legitimacy. Once you check the register of those trusted license providers, you realize that they never had any regulations.
This is just another non-transparent scam broker. None of the funds are safe here, as you would expect from the regulated broker. After all, it’s surprising how this broker exists for so long without a warning from regulators. But anytime soon, they will be officially exposed and hopefully shut down.
They openly lie about their regulations. The broker is trying to clone a legitimate trading company from Australia. Non-transparent trading conditions and trading platform.
Hlyton Platform – Trading Software
As poor as the website is their offer for trading software. In general, scam brokers that have shady trading conditions or trading platforms, tend to hide that. For as long as possible. As can be seen from the website presentation it all looks like a web-based platform. Even though they mention they are MT4 supported.
But with a broker that already lied about their licensing, we can’t expect anything more for the software. As some traders report in Hlyton reviews, this platform might be even manipulated.
Hlyton ‘s Trading Assets and Instruments
This broker is missing one important investment group. Those are commodities. But the other 4 big instrument classes are available. Traders can choose to invest in options like:
- Forex – EUR/CAD, USD/JPY, GBP/SGD
- Indices – UK 100, FRA 40, Nikkei 225
- Shares – Coca-Cola, McDonald’s Starbucks
- Cryptocurrencies – BTC, DASH, ADA, XRM
However, with unknown leverage, it is very risky. Not to mention a lack of security and regulations.
What Are The Different Hlyton Account Types?
Another poorly presented thing on their website is the actual offer. They don’t have clarified trading account types. Once you register, you can make your first deposit and start trading. But the problem is that you can’t even see where you are depositing. However, the minimum presented on the website is only $20.
Hlyton trading company works on a surprise effect principle. Once you register to open an account you get a call from their agent. That will try to sell you some fairy tales. That’s how people start investing money with shady brokers.
Can a Trader Use a Demo Account?
Another mysterious thing about this broker is a demo account. Since they didn’t offer any information about real accounts, we are not surprised by this.
So, if you want to check what this broker offers, you have to put down your personal information. Which we highly don’t recommend with such an untrusted broker. Especially one that is eager to lie openly about its licensing.
Terms of Service for Hlyton
The broker advertises a 0% commission policy. Besides that, guaranteed stop loss is provided allegedly. But you can trust anything when the broker was ready to lie about licensing. They are just a clone company of Capital Com based in Australia.
Yet, the broker is not regulated and they can say whatever they want. Even if they don’t comply with those statements they won’t be penalized or lose their license because of that.
As for the funding methods, this broker accepts bank cards and wire transfers. We highly recommend you use cards every time with shady brokers. That way you can file a chargeback in case anything goes wrong.
Leverage, Spreads, and Fees
Unknown leverage, tight spreads, and no hidden fees are things that Hlyton Broker can offer. The problem is that all that remains unclear.
So, the only way to check it out is to take a risk. Instead of that, you can find a real Tier 1 regulated broker and start trading safely.
Scammed by a Hlyton Broker? – We Want To Hear Your Story.
Nothing is worse than feeling fooled. But it can happen to anyone. Share your experience with us. If you were scammed by this broker, you can’t sit with your hands tight. There is a solution.
Our fund recovery specialized team can assist you to start a chargeback process. Don’t waste time and get in touch now!
What Is the Chargeback Procedure?
It’s a process that can be requested in the first 540 days of using Visa/Master card. The right for request has a cardholder and the merchant. This way you can recover lost or stolen funds. Don’t let these guys get away with it. Contact us today!
What Is Hlyton?
Hlyton broker is a broker that offers trading services without proper authorization.
Is Hlyton a Scam Broker?
Yes. They are not regulated but pretend and they try to clone legitimate company.
Is Hlyton Available in the United States or the UK?
Information about their countries of service is not available on their website.
Does Hlyton Offer a Demo Account?
From the company website presentation, we can see that they don’t offer a demo account.