Hyper Trades has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Hyper Trades found at Hyper-Trades.company, https://ca-rfis.hyper-trades.company/ and https://finaeu.hyper-trades.company/ is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found Hyper Trades after comparing multiple platforms and the initial impression was positive. But for about eight months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Real-time alerts|Quick verification|API access|Regular updates
Cons: Cannot customize dashboard fully|Live chat only during business hours
I had a dispute with Hyper Trades and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Stable platform|Helpful community forum|Detailed reporting
Cons: Withdrawal takes 1-2 business days
Hyper Trades had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Responsive team|Copy trading available|Multi-device support|No hidden fees
Cons: Onboarding videos are outdated|Help articles are sometimes vague