HYPERVERSE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://futuretrade.life/, about the company's legal and temporary regulatory information, the company's address .
HYPERVERSE Forex Broker
Basic Information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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Hyperverse Broker - Complete Information Guide
1. Overview of the Broker
Company Name: Hyperverse
Foundation Year: 2022
Headquarters Location: Australia
Company Type: Private
Primary Markets and Clientele: Hyperverse primarily targets retail investors and individuals interested in trading cryptocurrencies and forex. Its services are aimed at a global audience, although it has faced restrictions in various jurisdictions.
Development History and Milestones: The Hyperverse broker was established in 2022, positioning itself within the rapidly evolving landscape of cryptocurrency and forex trading. Despite its recent inception, the platform has already garnered attention due to its controversial practices and associations with past investment schemes, raising significant concerns among potential investors.
Parent Company or Group Relations: Hyperverse operates under the Hypertech Group, which has been linked to various other ventures, some of which have faced allegations of fraud.
Business Model Overview: The Hyperverse broker primarily engages in retail forex and cryptocurrency trading, offering users a platform to trade various digital assets. However, its operational practices have raised red flags regarding transparency and regulatory compliance.
2. Regulatory and Compliance Information
Main Regulatory Bodies: Hyperverse operates without regulation and does not fall under any recognized financial authority.
Regulatory License Numbers: No valid regulatory information is available for Hyperverse, indicating a lack of oversight.
Validity and Scope of Regulatory Licenses: The absence of a regulatory license suggests that Hyperverse does not comply with any financial regulations, which is a significant concern for potential investors.
Legal Entities in Different Regions: Specific legal entities associated with Hyperverse have not been disclosed, adding to the opacity surrounding its operations.
Client Fund Segregation Policy: There is no information available regarding the segregation of client funds, which is a critical aspect of ensuring investor protection in regulated environments.
Participation in Investor Compensation Funds: Hyperverse does not participate in any investor compensation schemes, leaving clients without recourse in case of financial loss.
KYC and AML Compliance Measures: The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unclear, raising further concerns about its operational legitimacy.
3. Trading Products and Services
Number of Forex Currency Pairs and Major Types: Hyperverse claims to offer a range of forex currency pairs, but specific details regarding the number and types of pairs are not available.
CFD Product Categories: The broker purportedly provides access to various Contract for Difference (CFD) products, including indices, commodities, stocks, and cryptocurrencies. However, the exact offerings remain ambiguous.
Special Products or Unique Trading Varieties: Hyperverse emphasizes trading in digital assets and NFTs, positioning itself within the metaverse context.
Product Update Frequency and New Additions: There is no clear information on how frequently new products are added or existing ones updated.
Retail Trading Services: Hyperverse focuses on retail trading services, catering to individual traders rather than institutional clients.
Institutional Client Services: Specific services for institutional clients have not been detailed, indicating a primary focus on retail investors.
White Label Solutions: There is no mention of white label solutions being offered by Hyperverse.
Asset Management Services: No asset management services are indicated in the available information.
4. Trading Platforms and Technology
Support for MetaTrader 4/5: Hyperverse does not support MetaTrader 4 or 5, which are standard trading platforms in the industry.
Details on Proprietary Platforms: The broker operates a web-based trading platform, but details on its functionality and features are limited.
Web-Based Trading Platform: The web trader provided by Hyperverse is described as having limited capabilities, which may not meet the needs of more experienced traders.
Mobile Application Support: There is currently no information available regarding the availability of mobile applications for iOS or Android.
Execution Model (ECN, STP, Market Making): The execution model used by Hyperverse has not been explicitly stated, which is a critical factor for traders assessing the broker's reliability.
Server Locations and Technical Infrastructure: Details about the server locations and the technical infrastructure supporting the trading platform are not disclosed.
API Access and Automated Trading Support: Information regarding API access and support for automated trading is not available, which could limit trading flexibility for some users.
5. Account Types and Trading Conditions
Standard Account Conditions: The minimum deposit for opening an account with Hyperverse is reported to be $2,500, but specific details regarding spreads and commissions are not provided.
Advanced Account Types: There is no information available on any advanced account types, such as VIP or professional accounts.
Special Accounts: No special account types, such as Islamic accounts or corporate accounts, are mentioned in the available information.
Demo Account Policy: Hyperverse does not offer a free demo account, which is often a standard feature among reputable brokers.
Leverage Range: The maximum leverage offered by Hyperverse is stated to be 1:100, but details regarding leverage for different products are not provided.
Minimum Trade Lot Size: Specific information regarding the minimum trade lot size is not available.
Overnight Fee Policy: There is no clarity on the overnight fees or swap rates applicable to positions held overnight.
6. Fund Management
Supported Deposit Methods: Hyperverse reportedly supports various deposit methods, including bank transfers and credit cards, but specific details are lacking.
Minimum Deposit Requirements: The minimum deposit requirement varies by account type, with the standard minimum set at $2,500.
Deposit Processing Time: Information regarding the processing time for deposits is not disclosed.
Deposit Fees: There are no details available about any fees associated with deposits.
Withdrawal Methods and Restrictions: Withdrawal methods and any associated restrictions have not been clearly outlined.
Withdrawal Processing Time: The processing time for withdrawals is reportedly lengthy, often resulting in delays.
Withdrawal Fee Structure: Specific information regarding withdrawal fees is not provided.
7. Customer Support and Educational Resources
Support Channels: Hyperverse offers customer support through various channels, including phone and email, but specific contact details are not provided.
Service Hours and Time Zone Coverage: The operating hours for customer service have not been disclosed, which could impact users in different time zones.
Multilingual Support: There is no information available on the languages supported by Hyperverse for customer service.
Types of Educational Resources: The broker does not appear to offer substantial educational resources, such as webinars, tutorials, or eBooks.
Market Analysis Services: There is no indication of daily market analysis, news, or research reports being provided to clients.
Trading Tools: Hyperverse does not seem to offer essential trading tools such as calculators, calendars, or signal services.
8. Regional Coverage and Restrictions
Primary Service Markets: Hyperverse claims to serve a global market, but specific regions of focus have not been detailed.
Regional Office Distribution: No information is available regarding the distribution of regional offices.
Countries/Regions Not Accepting Clients: Hyperverse does not accept clients from the United States, which is a significant limitation for potential traders.
Special Restriction Notes: The lack of regulatory oversight and the unregulated status of Hyperverse may lead to restrictions in various jurisdictions, which could affect its operations and user access.
In conclusion, the Hyperverse broker presents a complex and controversial trading environment characterized by its unregulated status and lack of transparency. Prospective investors should conduct thorough due diligence and consider the inherent risks associated with engaging in trading activities with this broker.
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HYPERVERSE
News
Exposure Exposing HYPERVERSE: A South African Victim's Tale
Mrs. Booi, a 48-year-old from South Africa, found herself ensnared in the web of deceit spun by an unscrupulous broker named HYPERVERSE. Her story is a cautionary tale, a stark reminder of the dangers lurking in the shadows of the financial world.
Babsy2115
South Africa
Hi am Babalwa from South Africa[d83c][ddff][d83c][dde6] I've been scammed by the company above the amount of ZA 6,000 around February 2022 we were promised for withdrawal till date never received it I'll be glad if your company can be of help to me to get my money back from these scammers here's the proof payment that was made by me through my Luno account with the help of their manager who am no longer in contact with him he run away till date.
Exposure
2024-03-14