Review summary
HydraTrade is a forex broker established within the last 1–2 years and registered in Mauritius. According to WikiFX data, the firm holds a Securities Trading License (EP) from the Mauritius Financial Services Commission (FSC, license number GB25204827), but this license is not a recognized forex trading authorization. WikiFX assessment indicates that HydraTrade currently lacks a valid mainstream forex regulatory license, which means it operates without the oversight of a dedicated financial regulatory authority for forex activities. The broker offers a Standard account with a $50 minimum deposit, maximum leverage of 1:500, and spreads starting from 1.5 pips. It supports the MT5 platform, which is verified as a genuine full license installation, and trades execute at an average speed of 221 milliseconds. The overall WikiFX score for HydraTrade is 1.94 out of 10, reflecting significant concerns regarding its regulatory standing. Prospective traders should carefully consider the absence of authoritative forex regulation before engaging with this entity. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-14)
