Hlyton Review – All You Need to Know About This Broker

Hlyton is a lackluster option that won’t do any favors for your finances or schedule. With ownership information shrouded in secrecy, dubious practices that lead traders astray, and a platform that doesn’t stack up against the competition, there are many valid reasons to give this broker a hard pass.

It’s worth noting that Hlyton has been providing Forex and CFD trading services since 2017, and they boast about holding some of the world’s most trusted licenses. But before you take their word for it, dive into this Hlyton review to uncover the whole truth.

Regulation and Security of Hlyton

Hlyoton boasts about having the crème de la crème of Tier 1 licenses on their website – FCA, CySEC, FSA, ASIC, and NBRB. Yet, wait a minute, where’s BaFin? That’s a crucial regulator they’ve left off the list.

The truth is that they don’t have any licenses at all. They’re presenting false information to lure traders into thinking they’re legit, without a care in the world. If you check with trusted license providers, you’ll quickly discover that they’ve never been regulated by anyone.

This broker is just another sketchy operation with no transparency whatsoever. You can’t expect your funds to be secure with an unregulated broker like this. It’s a wonder that regulators haven’t taken action against them yet, but we’re hopeful that it will happen soon.

They’re even lying openly about their regulations, trying to pass themselves off as a reputable trading company from Australia. Don’t be fooled by their non-transparent trading conditions and platform. It’s all a sham, and you’re better off steering clear.

Hlyoton and GTS Financial have both misled their clients in the past and operated without proper registration. It’s crucial to pay attention to these similarities and avoid getting involved with unscrupulous entities.

Trading Platform Overview

The website may be lackluster, but the trading software is even worse. Shady brokers with dubious trading conditions and platforms usually conceal that fact. In Hlyton’s case, their website presentation gives the impression of a web-based platform, even though they claim to be MT4 supported.

Sadly, with a broker that has already been caught lying about their licensing, it’s not easy to trust anything they say about their software. In fact, some traders have reported that the platform might even be manipulated. It’s a sad thought, but it’s a risk you take when dealing with unregulated brokers like Hlyton.

It’s essential to do your research and read reviews from other traders before entrusting your money to any broker. Don’t be swayed by fancy websites or promises of high returns – those are often scam hallmarks. Always remain on the side of caution and choose a reputable broker with a proven track record.

Funding Methods at Hlyton

According to their claims, Hlyton accepts credit card payments. Yet, when we tried to verify this on their deposits page, it was down, leaving us in doubt about the authenticity of their claim.

If you’ve already made a deposit with this dubious firm, it’s worthwhile to note that credit card payments come with a chargeback timeframe of 540 days for any transaction. This means that you have a limited window of opportunity to seek a chargeback and recover your funds if things turn out wrong.

Don’t hesitate to seek a chargeback as soon as possible if you suspect any foul play by Hlyton. It may be your only chance to get your money back. It’s always better to be safe than sorry, especially when dealing with unregulated brokers like Hlyton.

Account Types Available

As if their website wasn’t already in shambles, Hlyton’s trading offer is also poorly presented. There’s no clear indication of trading account types, leaving potential clients in the dark.

To make matters worse, once you register and make your first deposit, you have no idea where your money is going. This lack of transparency is a major red flag and should make any trader wary of dealing with Hlyton.

But that’s not the end of it. As soon as you register an account, you’ll receive a call from one of their agents trying to convince you to invest more money. This high-pressure sales tactic is not only annoying but also highly dubious. It’s a classic trick used by scam brokers to lure traders into depositing more money with them.

Implementation of the Scam

Bogus offshore brokers can be a tempting option for traders looking to expand their investment options. Nevertheless, it’s imperative to be aware of the potential risks involved. While there are legitimate offshore brokers out there, some use underhanded tactics to attract unsuspecting traders. One such tactic is making idealistic promises of high profits or guaranteed returns, which should set off alarm bells. 

Besides, some offshore brokers may not disclose all of their fees and charges, which can make it difficult for traders to determine the true cost of trading. In extreme cases, offshore brokers may engage in unethical practices such as insider trading or market manipulation, which can cause devastating losses for traders. 

Consequently, it’s essential for traders to thoroughly research and investigate any offshore broker before handing over their hard-earned money. This is particularly relevant when dealing with brokers like Hlyton and Uptos, who share a history of deceiving their clients and operating as unregistered companies. It’s crucial to take note of these parallels and avoid any potential risks they may pose.

Hlyton Summary

Hlyton is a trading company that should be avoided. Despite boasting about holding licenses from several regulatory bodies, they have not been regulated by any of them. Hlyton is an unregulated broker with no transparency. 

The platform is poorly presented and lacks clarity about account types. In addition, there is no indication of where traders’ money is going once they deposit it. The trading software is also debatable, and some traders have reported that the platform might even be manipulated. 

Credit card payments are allegedly accepted, but doubts exist about the authenticity of the claim. Hlyton has also used many fake tactics to convince traders to deposit more money with them. All in all, it’s advisable to avoid this broker and instead opt for a reputable firm. 

FAQs