HY Markets Review

HY Markets
Forex, CFDs, Binary Options
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Overview

HY Markets HY Markets is a fully regulated UK based forex provider who have over 35 years operational experience in financial markets. HY Markets have offices in London, UAE and… more

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Details

Broker HY Markets
Website URL www.hymarkets.com
Headquarters London
Support Types Live Chat, Email, Phone, Call Back
Languages English, Russian, Mandarin, Cantonese, Arabic
Minimum 1st Deposit $50
Products Forex, CFDs, Binary Options
Demo Yes
Free Demo Account Open Demo
Regulated Yes
Regulation FCA
Deposit Methods Visa, Mastercard, WebMoney, Bank Wire, PayPal, PRC Cards
Indian Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 96/100

Pros

  • Established & Respected
  • Easy to Use
  • FCA Regulated
  • EA's Allowed
  • Very Low Initial Deposit of Only $50
  • Client Funds FSCS Protection
  • Free Demo
  • VIP Accounts
  • Islamic Accounts
  • SMS Alerts
  • Freeze Rate Function

Cons

  • Spreads Not the Lowest Around
  • Product Range Relatively Small

Full Review

HY Markets

HY Markets is a fully regulated UK based forex provider who have over 35 years operational experience in financial markets. HY Markets have offices in London, UAE and Hong Kong to service clients from across the globe.

Platforms

HY Markets offers its clients five trading platforms, they include; HY Webtrader, HY MT4 Webtrader, HY MT4 Download, HY MT4 Mobile and HY Pro Trader which is available to clients with a balance of >$10,000. The standard HY Webtrader is an intuitive, easy to navigate platform that will cater to most traders needs. With fully integrated prices, charts and trades all on the one screen it is a great place to start. One of the great features of HY Webtrader is the Freeze Rate function which enables traders to lock in a rate making trading decisions a lot easier for its clients. Expert Advisors (EA’s) can only be used on the HY MT4 platforms.

Account Types

HY Markets offers a selection of accounts; Mini – min only $50, Standard – min $750, Premium – min $2500 and HY Pro – min $10000. HY Markets also offer a free 14 day demo account with USD50,000 in virtual cash to both the HY Markets Webtrader and the HY Markets MT4 Download platform.

Range of Assets

HY Markets offers over 500 assets for its clients to trade. From forex, global shares, indices, commodities, gold, silver to oils, HY Markets covers all the major products. HY Markets does not have the most comprehensive product range going around, however for the majority of traders the products covered is going to be more than enough.

Commissions

HY Markets offers commission free trading on all of its assets, this includes shares. For EUR/USD as an example spreads are variable but are typically 1.8 pips. The Freeze Rate Function allows clients to freeze a price before executing the trade, this is a great feature on the HY platform. HY Markets rewards their loyal clients with exclusive rebates of up to $3 for every lot traded, deposited directly into your HY Markets trading account monthly. This is available to all account holders not matter what type of account they hold. The rebate tiers based on lots traders are:

Customer Service

HY Markets provides multi-lingual 24/5 support via live chat, email, phone and call-back. All support is provided in a fast and efficient manner, including direct access to the dealing desk and phone trading. New clients are additionally well supported by a dedicated Account Manager who can assist with all aspects of trading or the platforms.

Funding

HY Markets offer a wide range of funding options. Funding can be done via Visa, Mastercard, Bank Wire, WebMoney, PayPal, BPay, Skrill, PRC Cards and MoneyBookers. When it comes to withdrawals it can take approximately 5 days for the funds to be returned.

HY Markets is a transparent, secure, established and well regulated broker who rightly deserve to be recognised as one of the best forex brokers globally. With excellent support, tight spreads, multiple funding options and now rebates of up to $3 per lot, it has never been a better time to join HY Markets. Get started today with HY Markets, the minimum initial deposit is only $50!



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