Worth to Know

    • US traders
    • PAMM accounts
    • Islamic accounts
    • Mini accounts
    • Segregated accounts
    • Vip accounts
    • Scalping
    • Hedging
    • Trailing stops
    • Commition
    • Bonuses
    • Mobile Trading
    • Web-based traiding
    • Expect Advisors
    • Metals
    • Oil
    • Gold
    • Stocks
    • Commodities
    • CFDs

General Information

    • Broker Name
    • HY Markets
    • Founded
    • 1977
    • Headquaters
    • 3rd Floor, 28 Throgmorton Street, London EC2N 2AN, United Kingdom
    • Broker type
    • DD (Dealing Desk), STP (Straight Through Processing)
    • Regions
    • Arabic, Chinese, Russian
    • Payments Methods
    • Credit/debit cards, PayPal, Skrill (Moneybookers), WebMoney, Wire transfer
    • Minimum Deposit
    • $50
    • Min lot size
    • 0.02
    • Spread
    • 1.8 pip
    • Spread type
    • Fixed
    • Max Leverage
    • 300:1
    • Platforms
    • MetaTrader 4

Read Review of HY Markets Broker

General Information

Henyep Capital Markets (HY Markets), a subsidiary of major financial holding Henyep Group, was founded in 1994. The company provides online Forex trading services.

The broker is headquartered in London and has official representative offices in Hong Kong and Dubai.

The company customers including private traders and investors from 130 countries of the world as well as large corporate clients can trade a wide range of trading tools:

  • 22 currency pairs;
  • CFD contracts;
  • Commodities;
  • Precious metals;
  • Options and futures.

The quality of the broker’s services conforms to the world’s highest standards. HY Markets ranks at the top of many rating lists and is highly popular among Forex specialists and customers.

Deposits and Withdrawals

HY Markets’ customers can make a deposit or withdraw funds from the trading account in one of the following ways:

  • Bank transfer;
  • Credit cards;
  • Skrill, PayPal, Webmoney online payment systems.

The company compensates rather small choice of financial instruments by accurate and fast order execution.

All payments of HY Markets’ clients through online payment systems are made with no additional commission. As for bank transfers, the broker’s official website contains a list of bank partners, cooperation with whom will allow HY Markets’ customers to substantially reduce their overhead costs.

Reliability

HY Markets is a regulated broker. Its financial activity is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom, one of the most authoritative financial institutes of the world.

FCA license alone is a good proof of the broker’s reliability and liquidity. But HY Markets forex broker goes forward.

To protect customers’ assets the company is holding their money in segregated accounts. Besides, HY Markets participates in Financial Services Compensation Scheme.

Partnership relations with the world’s leading banks allow the company to offer unique trading conditions to its customers. Top tier banks are reliable liquidity providers for the company.

Bonuses and Promotions

HY Markets is offering refer-a-friend program. Under the program, existing customers of the company get bonuses for introducing other clients. The size of the bonus is calculated from the amount of a referral initial deposit. Referral rewards can be withdrawn from the trading account only after meeting trade volume requirements (no less than 5-fold increase in trade volume).

The company specialists developed a unique service called “auxiliary office” to facilitate referral program registration. This service grants unlimited access to the full range of information and analytical tools allowing to make records of all referrals. All the required statistics about the clients you referred, including trading volumes and referred rewards, is available in real time mode. To study terms of the program and the bonus scheme in detail, visit the company’s official website.

Trading Accounts Types

HY Markets’ customers can open the following types of accounts:

Mini Account

  • Minimum deposit of $100 USD;
  • Leverage from 1:1 to 1:300;
  • Floating spread starting from 1.8 pips;
  • Trade size is 0.02 of premium contract size.

Standard Account

  • Minimum deposit of $750 USD;
  • Leverage from 1:1 to 1:300;
  • Floating spread starting from 1.8 pips;
  • Trade size is 0.10 of premium contract size;

Premium Account

  • Minimum deposit of $2 500 USD;
  • Leverage from 1:1 to 1:300;
  • Floating spread starting from 1.8 pips;
  • Regular contract size.

Clients can trade all instruments on any type of accounts.

Trading Platforms Types

A wide range of trading platforms is available to customers of HY Markets:

  • HY Webtrader. Web based platform giving an access to the trading account through Internet and requiring no downloading. The platform has strong research and information section and integrated credit card and PayPal deposit. Real-time five-digit quotes;
  • HY Webtrader Mobile. Platform version used on various mobile devices;
  • HY MT4 Webtrader. It is a popular MT4 platform upgraded by the company specialists. IT experts of the company updated the platform, optimizing some algorithms and expanding its functions. Besides, МТ4 from HY Markets has several unique trading indicators and advisors;
  • HY MT4 Mobile is a mobile version of the platform;
  • HY Pro Trader. A platform for professional traders and investors granting direct access to exchange quotations.

Customer Service

Customer service at HY Markets is working in 24/5 mode. To get in touch with the support center, customers can use the following communication channels:

  • Multiline phone;
  • E-mail;
  • Skype;
  • Live chat.

Customers can communicate with support team representatives in English, German and French, as well as the language of the country where the company’s service center is located (28 countries).

Pros of trading with HY Markets

The main advantages of HY Markets are as follows:

  • High level of regulation;
  • Sound liquidity and reliability;
  • Transparent pricing;
  • Convenient trading platforms;
  • Highly qualified customer support;
  • Fast and accurate order execution.

Cons

Excessive conservatism seen in all aspects of the company’s activity can be counted as a disadvantage. For example, there are three types of trading accounts but they differ in minimum deposit size. An obvious conclusion is that such “variety” of trading accounts is intended to rank customers, but not to provide a variety of trading conditions.

HY Markets Reviews

MichaelPros: Very reliable and honest broker. The British are British. I’ve been trading with HY Markets for more than 8 years. This is not the only broker I am working with (and not even the main one), but I’m pleased with our cooperation. The main thing is strict order execution. Withdrawals are accurate and timely. You can make good money on the referral program.

MisterFxman: The broker is not bad but boring. No contests, no promotions (except for refer-a-friend). Reliable, accurate, honest, it’s all about HY Markets, but I’ve not yet risen to such demonstrative austerity.

Conclusion

It’s a typical representative of Merry England. So much typical, even canonical. The motto “What was good for our forefathers, that is good for us” is not at the company’s worst; on the contrary, it puts an emphasis on the broker’s reliability. It is noteworthy HY Markets is one of the five most reliable financial companies in the world.

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