HYMarkets Review

Forex Broker Review: HYMarkets

HYMarkets

HYMARKETS REVIEW

 

 HYMarkets Company Info

Company Name: HYMarkets is the Trading Name of Henyep Capital Markets (UK) Limited

HYMarkets Offices: HYMarkets maintain offices in London, UK, other offices in Hong Kong and United Arab Emirates

HYMarkets Regulation: HYMarkets is regulated by FCA UK (186171) and MiFID

HYMarkets Foundation: HYMarkets was found in 1978

Online since: HYMarkets went online in 1999

US Clients: HYMarkets doesn't accept US Clients (NO)

Islamic Accounts: HYMarkets supports Islamic Accounts (YES)

HYMarkets Execution: STP Broker

HYMarkets Customer Support:

HYMarkets 24/5 Customer ServiceHYMarkets PHONE SUPPORTHYMarkets LIVE CHAT

» Visit HYMarkets

HYMarkets Mobile

HYMarkets Trading Info

HYMarkets Trading Zone: GMT

HYMarkets Typical Spread: 1.8 pip (EUR/USD). The minimum EURUSD spread is 0.5 pips and it is available via Pro Accounts.

HYMarkets Leverage: HYMarkets maximum leverage is 300:1

HYMarkets lot: Micro Account Type (0.02)

HYMarkets Scalping: (NO)

HYMarkets Hedging: (YES)

Automated Trading: (YES)

HYMarkets Min. Account: Minimum account at HYMarkets is 50 USD

HYMarkets Account Currencies: HYMarkets provide accounts in US Dollars

HYMarkets Deposit Methods:

HYMarkets Bank WireHYMarkets Credit CardsHYMarkets Offer DEBIT CARDSHYMarkets Offer MoneyBookersHYMarkets Offer Web MoneyHYMARKETS Offers PAYPAL

HYMarkets Withdrawal Methods:

HYMarkets Bank WireHYMarkets Credit CardsHYMarkets Offer DEBIT CARDSHYMarkets Offer MoneyBookersHYMarkets Offer Web MoneyHYMARKETS Offers PAYPAL


HYMarkets Forex Accounts

HYMarkets Accounts Comparison

  Mini Standard Premium HY Pro
Minimum Deposit $50 $750 $2,500 $5,000
Trading Platforms Webtrader, MT4, MT4 Webtrader Webtrader, MT4, MT4 Webtrader Webtrader, MT4, MT4 Webtrader CurreneX
Mobile Platforms iPhone / Android Devices iPhone / Android Devices iPhone / Android Devices iPhone / Android Devices
Minimum Spread starting at 1.8 starting at 1.8 starting at 1.8 starting at 0.5
Trading Commissions No No No Yes
Financial Instruments

30+ Forex Pairs 
Precious Metals
Energy and Commodities

30+ Forex Pairs 
Precious Metals
Energy and Commodities
30+ Forex Pairs 
Precious Metals
Energy and Commodities
30+ Forex Pairs 
Precious Metals
Energy and Commodities
Maximum Leverage 1:300 1:300 1:300 1:200
Minimum Trade Size 0.02 0.10 1.00 0.10
Telephone Trading Yes Yes Yes Yes
Expert Advisors Yes Yes Yes Yes
  » Start an Account From Here 

HYMarkets Platforms

HYMarkets Platforms: HYMarkets offers MeaTrader4 Install, MetaTrader4 Web, Web Trader, CurreneX

HYMarkets Mobile Trading: HYMarkets offers app for iPhone, Android

HYMarkets iPhone AppHYMarkets ANDROID

◘ HYMarkets Languages: English | 简体中文 | 繁體中文 | العربية | Русский

Live Support Languages: English, Arabic and Chinese

HYMarkets Pros and Cons

HYMarkets PROS

HYMarkets PROS

HYMarkets CONS

HYMarkets CONS

√ Many Trading Options as concerns every trading aspect X The Spreads could be a little bit tigher for Intraday Traders
√ 30+ Forex assets, precious metals  and CFD trading
X No Scalping 
√ High regulation and segregated bank accounts X Some commissions on withdrawals and on inactive accounts 
√ Founded in 1978  
√ Automnated trading and hedging are available
 
√ Minimum deposit as low as $50 
 
√ Many fund methods, including PayPal  
√ Trading from Charts & 1-Click-Trading (MT4)  

 

HYMarkets Final Conclusion 

HYMarkets is a STP Forex Broker based in London UK. The company behind HYMarkets is found in 1978 and maintains also offices in United Arab Emirates and Hong-Kong. The broker is regulated by FCA UK and the European MiFID while it offers also segregated bank accounts to all clients. In overall it seems that the safety of trading funds is the great advantage when trading with HYMarkets as it combines many years in the market, high regulation and segregated bank accounts. HYMarkets is specialized in Forex offering many trading options for Forex traders. As concerns desktop platforms, it offers MT4, WebTrader and CurreneX and as it concerns mobile trading it offers apps for Android and iPhone. The asset index includes 30+ Forex currencies, Precious Metals and several other financial assets via CFD contracts. Automated Trading and Hedging are allowed by HYMarkets but scalping is not available. The minimum account for Micro Accounts is 50USD and several fund methods are supported such is Credit/Debit cards, PayPal, Skrill (Moneybookers), WebMoney and of course Wire transfer. Note that all withdrawals less than $300 are free of charge but for larger withdrawals there is a fee of $25. Also inactive accounts may be charged some fees too. The customer service is 24/5 and includes live chat, phone and email. We tested their live chat service and the response was fast and good. The spreads offered by most HYMarkets account types can be considered as average (EURUSD at 1.8 pips) but traders opening Pro Accounts may enjoy better spreads as the EURUSD spread is starting at 0.5 pips. No trading commissions are charged except the Pro Account type.

HYMarkets offers Welcome Deposit Bonus policy 10% for any amount. In overall we consider HYMarkets a good and reliable choice for the average Forex Trader and for all Pro Traders except intraday traders and scalpers.

» Visit HYMarkets Web

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Forex Broker Review: HYMarkets

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