HY Markets Review

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Overview

HY Markets is a part of Henyep Capital Markets UK Ltd, a financial company that operates in more than 20 countries providing financial services and more. One division of the company is aimed towards improving the onlinetradingservices to theirclientsinallinternationalmarkets

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Details

Broker HY Markets
Website URL www.hymarkets.com
Founded 2006
Headquarters London, England
Support Number 44 - 208 - 816 - 7812
Support Types info@hymarkets.com
Languages English, Russian, Chinese, Arabic, Hidi, Urdu, Multi-lingual.
Trading Platform HY Webtrader, HY MT4 Download, HY MT4 Webtrader, HYRPO Trader (powered by Currenex), HY Markets MT4 Mobile
Minimum 1st Deposit $50
Minimum Trade Amount 0.01 lots
Leverage 1:100
Spread Variable, 1,8 pips
Free Demo Account Yes
Regulated Yes
Regulation FCA, DFSA , SFC, MiFID
Account Types Mini Account $50 and up Up to 300:1 leverage 1/50 Premium contract 1.8 pip spreads, Standard Account $750 and up Up to 300:1 leverage 1/10 Premium contract 1.8 pip spreads, Premium Account $2,500 and up Up to 300:1 leverage Regular contract size 1.8 pip spreads, HY Pro Account $10,500 and up Up to 100:1 leverage Min contract size: 0.5 lots 0.5 pip spreads*
Deposit Methods Credit Cards, Wire Transfer,PayPal, WebMoney,Skrill
Withdrawal Methods Credit Cards, Wire Transfer,PayPal, WebMoney,Skrill
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.4

Screenshots

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Full Review

HY Markets Background and History

A large number of companies on the market will try to dazzle you with various claims and potential benefits, but there are only a few of them that can live up to their promises. HYMarkets.com is among that prestigious group. The firm is a member of the Henyep Group, which is a globally diversified conglomerate that has accumulated more than 30 years of experience in the fields of financial services, education, property and charitable activities. Its HQs are located in London, but it also has authorization and is registered in London, Hong Kong and the United Arab Emirates.

The company has a unique position spreading over three continents and has established a corporate footprint in more than 20 countries. Regulatory compliance is also multifaceted under the auspices of the FCA in the UK, the DFSA in Dubai, the SFC in Hong Kong and the MiFID for the European Union. Customer funds are carefully protected via the use of regional compensation plans, segregation process for trustee accounts in top-tier banks and external auditor compliance. When it comes to safety and security HY Markets always excels. U.S. customers are unfortunately not accepted by the firm at the moment.

Given its global player status and thorough experience, HY Markets can easily access the best pricing for its vast array of investments instruments – going from forex to stocks, commodities, metals and indices. The firm also prides itself on having one of the best customer services out there and staying always innovative. Metatrader 4 forms are responsible for the basis of the platform, but it is also equipped with special options that only a company in the tier of HY Market can provide. If you are searching for a firm with top-level quality, integrity as well as excellence, then HY Markets is the choice you should go with.

Features Of HY Markets

HY Markets has more than 30 years of experience in the finance world. Its HQs are located n London and are in full compliance with the FCA and all other major global regulatory institutions.

There is a complete level of transparency regarding all matters with a special emphasis on client deposit protection from local compensation schemes, external audits and all deposits are segregated from the operating capital of the firm in Tier One Banks.

The company has established a global presence in all markets, and has made arrangements with prime liquidity providers for spreads below 1.8 pips and even lower for NDD.

You can trade a large amount of different assets in currency pairs, indices, stocks and commodities, and do so from a single integrated account providing you access to all capital markets via the firm’s global network.

You can open an account in a fairly easy and quick manner. There are four different types of accounts that are there to suit all of your needs along with a free demo account and various benefits that correspond to the activity amount:

  • Mini – Begins at USD 50 and up, plus 1.8 pip spreads and a 300:1 leverage level
  • Standard – Begins at USD 750, with additional privileges
  • Premium – Begins at USD 2,500, with additional privileges
  • HY Pro Trader – Designed to serve the purposes of the institutional trader – Begins at USD 10,000 – STP ECN with no dealer desk, spreads at 0.5 pips and the leverage level is reduced to 100:1;

The firm’s support staff is one of the best available, operating in a multitude of languages, available 24 hours 5 days a week and having the experience of a 30-year-old giant.

There are a large number of educational materials and videos that are provided free of charge. Experienced traders get to use Personal VIP services. You have at your disposal continuous commentary and market information, timely market briefs, SMS alerts, technical analysis tools and advanced charting systems. There is no guarantee for slippage as is the case with loss orders, even when the volatile conditions of the market might prevent that guarantee with other various brokers. The firm’s trading platforms use as basis the widely known Metatrader4 series, coupled with a number of special features. You can access the market at all times from all devices supporting an Internet connection.

Spreads and Leverage

When it comes to Mini, Standard and Premium account types, spread levels are at 1.8 pips. Institutional traders or those who opt in to go STP ECN without any dealing desks, will get spreads as low as 0.5 pips. The standard level of leverage is at 300:1, but institutional traders can be limited to a level of 100:1. In particular cases the company is going to extend leverage up to a maximum of 400:1, but it is advisable to keep in mind that leverage can both increase losses and enhance gains.

Platform

HYMarkets has chosen to align its platforms with the MetaTrader4. The firm has developed a large number of innovative trading tools that traders can access on the different trading platforms. The tools in question make it possible for customers to get a better understanding of the products, carefully analyze trends, simulate market conditions etc. You can access the HY Webtrader via your iPhone, iPad or Android device. The company employs the latest encryption technology in order to make sure that your private information stays private.

Deposits and Withdrawals

Given HY Markets’ long history it is only natural for the company to offer a wide array of means for depositing and withdrawing funds. The methods in question feature all major and a large number of minor credit and debit cards, Moneybookers, Paypal, Bank Wire Transfer, WebMoney and other various payment alternatives. All trader funds are subjected to a segregation process from the firm’s capital. Withdrawals are processed in a prompt manner, if all documentation has been previously submitted. Actually, most users around the web praise the company for its quick and easy withdraw system.

Customer Support

The firm has placed great emphasis on making sure that it delivers the highest quality service possible, going from one-on-one direct support to every single aspect of training, strategy development and education. Support is provided 24 hours daily on every single trading day through the globe via the use of e-mail, live chat, fax, and phone. The company supports a number of languages, including Chinese, Russian, Arabic, Urdu and Hindi. There are a lot of support materials for the purposes of both newcomers and pros.

Conclusion

HY Markets has been able to establish and earn a global reputation for its perfect and pro services that is hard to find in today’s industry. If you are searching for the best and want to feel comfortable that your broker is serious about complying with all of the necessary regulations, especially when it comes to safety, then HY Markets is the option for you. As stated on its website, “Having an operational history of more than 30 years and being led by a visionary management team, Henyep has been able to become a synonym to professional and quality service. Our efforts are aimed towards the delivery of the best possible services to our customers.” Going with a company like HY Markets can never be a mistake.

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