HY_Markets-Forex-Trading-Time-1

Regulation: DFSA , FCA , MiFID , SFC
Accepts US Clients: No
Min. Deposit: $50
Leverage: 400:1
Platforms: HYPRO(currenex) , MT4 , Webtrader

Broker Overview

Company Information

Broker’s Name HYMarkets
Website www.hymarkets.com
Headquartered in London, England
Founded in 1977
Regulating Authority SFC, MiFID, FCA, DFSA
US Clients Accepted  No
Telephone Number 44 – 208 – 816 – 7812
Fax Number 44 – 207 – 990 – 9499
E-mail Address info@hymarkets.com

Account Options

Type of Broker Dealing Desk , STP
Commission No
Mini Account  Yes
VIP Account  Yes
Segregated Account  Yes
Islamic Account (Swap Free)  Yes
Demo Account  Yes
Institutional Accounts  Yes
Managed Accounts  No
Maximum Leverage 400:1
Minimum Deposit $50
Deposit Options Bank Wire Transfer , Credit Card , PayPal , Skrill , Webmoney
Withdrawal Options Bank Wire Transfer , Credit Card , PayPal , Skrill , Webmoney

Bonuses & Rewards

No Deposit Bonus No
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction?  Yes
Other Bonuses  Yes

Trading Platform

Platform Type HYPRO(currenex), MT4, Webtrader
Platform Languages English, Russian, Arabic, Chinese, Hindi, Urdu
OS Compatibility iOS , Windows , Android
Streaming News Feed  Yes
Trading Signals  Yes
Automated Trading  Yes
Trade From Charts  Yes
Market Commentary  Yes
E-mail Alerts  Yes
Mobile Alerts  No
Scalping  Yes
Hedging  Yes
Trailing Stops  No
Guaranteed Stop Loss  No
Guaranteed Limit Orders  Yes
Guaranteed Fills  No
Interest on Margin  No
One-Click Execution  Yes
OCO Orders  No

Customer Service

Customer Support Languages English, Russian, Arabic, Chinese, Hindi, Urdu, Multi-lingual
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

HY Markets Review

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HY Webtrader

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HY Markets is owned by Henyep Capital Markets UK Ltd, , a subsidiary of the Henyep Group. The Henyep Group is a multinational company with business interests in over 20 countries covering the financial services industry, education industry and the property sector. The group is also fairly active charity works globally.   As part of the Henyep Group, HY Markets specializes in providing online trading services to their clients in all international markets. This broker is especially popular among traders for the diverse range of product offerings such as Forex, commodities, precious metals, stocks and indices. With their easy to use integrated account, traders can trade all these markets without having to use multiple trading platforms.

Trading Platforms

With more than three decades of operational history behind them, HY Markets has become the trading platform of choice for traders who want to seek direct and quick access to the financial markets. Their long standing experience and commitment to their clients have enabled them to develop four main types of trading platforms that suit their clients’ needs. They include:

  • HY Webtrader
  • HY MT4 Download
  • HY MT4 Webtrader
  • HY MT Mobile

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

MT4-Platform

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

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.

HY MT Mobile

HY MT Mobile

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.

 

2 Comments

  1. Kumar Harun says:

    Not the best

     

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