Read our Hlyton Investments review to see if this broker is a scam or legit. Just to clear doubts, this is a hlytoninvestments.com review.
Anyone who is interested in online trading should understand that their topmost priority should be to find a dependable and professional brokerage. Just like the traditional form of trading, you need one for online trading as well because they have to provide you with the assets you want to trade, the platform you have to use and the trading conditions.
Their role is crucial, so you do not want to choose one that lacks the required capabilities, or is not genuine. How do you find out? This Hlyton Investments review is one way to go about it.
It can be extremely tempting to choose an online brokerage based on their website, but you have to understand that no company will ever tell you its own flaws, or shortcomings. Each of them is going to tout their services as the best ones and do their best to convince you into opening an account with them.
This is something scammers do as well and if you fall for their tricks, you will find yourself empty-handed soon. You want to avoid such a situation because your aim is to make profits from the financial markets and that can only happen when you have a dependable broker to assist you.
Yes, those exist as well, but considering the huge number of options you have to choose from, it can be a tad difficult to separate them from the crowd. The important thing to remember in such a situation is that there are some aspects of a brokerage that will tell you if it is a genuine and authentic one or not.
As long as you check these features, you will be able to get to the bottom and it would pay off. Doing the same in the case of Hlyton Investments can turn out to be a good and smart decision.
After all, you want to have a long relationship with the brokerage, so taking some time out to assess it can save you a great deal of hassle in the future. Hlyton Investments catches the eye because it advertises itself as a regulated brokerage across several reputable jurisdictions.
Moreover, it is also offering access to excellent trading conditions with a trustworthy trading platform and this combination makes it hard to resist. But, is it really a good choice? Let’s take a look at its important aspects to know:
Licensing and regulation
Amongst the things you need to check out in an online broker before signing up is their licensing and regulation. Sure, unlicensed companies can seem to be very attractive because they offer some tempting features and conditions, but given that most frauds happen on these platforms, it is better to steer clear of them.
Opting for licensed ones ensures that you are using the services of a legitimate and professional brokerage that can offer you peace of mind and quality services because of compliance with high standards.
Where does Hlyton Investments come in? As mentioned above, it claims to be regulated in several jurisdictions. Its parent company is Capital Com, which is apparently registered in Australia and is authorized by the Australian Securities and Investment Commission (ASIC).
It also claims to be registered in England and Wales, thanks to the authorization of the Financial Conduct Authority (FCA). The last license it claims to have is in Cyprus, from the Cyprus Securities and Exchange Commission (CySEC).
Even if you are a newbie, these claims are going to impress you because the ASIC, the FCA and the CySEC are some of the top regulatory bodies in the world. However, you can check the online register of all three of these regulatory bodies and you will not find Hlyton Investments listed in even a single one.
This shows that the brokerage is lying about its license and regulation and no legitimate company would ever do so. Only fraudulent ones would use this trick to fool people and this is exactly what Hlyton Investments is doing.
It is using big names into luring people to its platform, so you should not trust Hlyton Investments at all.
Trading software
The next feature that should be the focus of your attention in an online broker is their trading software. You need the software for connecting to the financial markets and executing your trades and it also provides you with the trading tools required for making smart decisions. There are different ones that exist in the market, but you would obviously want the best one and this is what Hlyton Investments promises as well.
It claims to have the MetaTrader4 (MT4) trading software, which is recognized as one of the best ones in the market. Unfortunately, you will find that Hlyton Investments is not being upfront in this regard either because it does not have the MT4 software available. Instead, you will find a web-based solution that is oversimplified and rudimentary. It is very poorly designed because it is broken down on two pages.
The first page of the Hlyton Investments platform only allows you to track the assets you have chosen for trading and there are no tools available. The second page gives you the trading option, but there is no tracking here and this can make it difficult to make decisions in real-time because the markets move very quickly. Hence, it is not suitable for profitable trading at all.
Trading conditions
It is vital to check the trading conditions of an online broker too because you want to know what kind of costs you will incur, given that they will affect your profits. This is another area where you will be disappointed with Hlyton Investments because it does not deliver on the excellent conditions it promises. If you check out the spreads, you will see that they start at 3 pips.
This is three times higher than standard brokers will offer. In fact, most of the leading brokerages go below 1 pip as well, but Hlyton Investments cannot come close to them.
Final Answer
Given that Hlyton Investments is lying about its offerings and is not competitive at all, you cannot consider it a good choice.
