Highly acclaimed, the web based HY Webtraderis a revolutionary Easy-To-Use trading platform allow traders to access all financial markets from a single interface.

HY MT4 Download

The industry leading platform, the HY MT 4 platform is downloadable and is the platform of choice for many experienced and professional traders.

HY MT4 Webtrader

This platform has the same look and feel as the industry leading MT 4 platform. The only difference is that this platform is completely web based and requires no downloading on the trader’s part. By providing traders with such a high quality trading platform, HY Markets aim to cut down the learning curve for traders switching from the traditional MT 4 trading platform.

In order to cater to an ever mobile trading community, HY Markets have also come up with several trading applications that can be used seamlessly on mobile devices and Smartphones.

Account Types

There are essentially four types of trading accounts at HY Markets. They comprise of:

Mini Trading Account (Ideal for New traders)

• Minimum deposit of $50 to open
• Leverage at 1:300
• Low spreads starting from 1.8 pip
• Trade size is 1/50 of premiumcontract size

Standard Trading Account (Suitable for more experienced traders)

• Minimum deposit of $750 to open
• Leverage at 1:300
• Spreads starts from 1.8 pip
• Trade size is 1/10 of premium contract size

Premium Trading Account (For traders who want VIP treatment and advanced trading tools)

• Minimum deposit of $2500
• Leverage at 1:300
• Minim spreads starts from 1.8 pip
• Regular contract size

HY Pro Trader Account (For professional traders trading in higher volumes)

• NDD with straight through processing
• Minimum deposit of $10,000
• Leverage at 1: 100
• Lowest spreads starts from 0.5 pip
• Trade size is ½ of premium contract

Commission & Spreads

Normal spread at HY Markets 1.8 pip spreads. For lower spreads, traders can opt to trade with NDD trading account. Spreads with this type of trading account starts from 0.5 pip.

Customer Support

Customer service at HY Markets is top notch and is available 24/5. There is a personal account manager assigned to each client to provide them assistance in any way they can. To reach customer support, HY Markets has provided several avenues:

• Call Back
• Email
• Live Chat
• Telephone

Reliability

No doubt as part of a multinational conglomerate, HY Markets takes market perceptions of its reliability very seriously. Hence, you will find that they follow standard operating procedures very closely when it comes to withdrawal of funds. Fund transfer is fast and efficient and can be done through the original method of fund transfer. These include methods like:

• Credit Cards
• PayPal
• Web Money
• Wire Transfer

Being regulated by the FCA also helps to ensure that the traders’ legal interests are protected such as access to the Financial Services Compensation Scheme(FSCS). In addition, funds are kept segregated and HY Markets only deal with top tier banks.

Pros

• 24/5 Personalized Customer Support
• Choices Of Multiple Trading Platforms
• Continuous Market Updates
• Easy Registration Process
• Established Market Leader With Reliable Service
• Fscs Protection
• Full Range Of Product Offerings
• Low Minimum Deposit
• Regulated Broker

Cons

• No Automatic Welcome tutorials

Conclusion

HY Markets offer one of the most beginner friendly brokers around. With their low minimum initial deposit of $50, who couldn’t afford to open a trading account with them? Furthermore, a personal account manager on hand, traders can rest assure that their needs will be well taken care of by this broker.