HYMarkets Rating and Trading Review

HYMARKETS 196 HYMarkets RATING -Powered by the Rating Formula V.4.0.

72  96

The following Rating of HYMarkets is based on the Forex Brokers Formula v.4.0.

HYMarkets Rating Summary

Sum of each individual Main Factor of HYMarkets Rating Analysis (1, 2, 3, 4) 

RATING SUMMARY      
  MAX ACHIEVED (%)
1.Safety of Funds 26.00% 23.36% 89.85%
2.HY Markets Cost of Transaction 28.00% 14.00% 50.00%
3.HY Markets Trading-Options 26.00% 20.60% 79.23%
4.HY Markets Technological Efficiency 20.00% 15.00% 75.00%
Overall Rating 100.00%   72.96%

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 HYMarkets Rating Analysis

Analysis of each individual Sub-Factor forming HYMarkets total rating result.

RATING ANALYSIS HYMarkets    
TOTAL RATING 100.0%   HYMarkets Broker
  Weight Analysis Factor Analysis 72.96% Analysis
1. SAFETY OF FUNDS at HYMarkets 26.00% RATING WEIGHT 23.36% HYMarkets Credibility Analysis
1.1 HYMarkets Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 10.00% HYMarkets is regulated by the Financial Conduct Authority (FCA) and MiFID=+4, Total = 10.0%
1.2 HYMarkets Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland  = 5.0% 5.00% HYMarkets is based in London, UK = 5.0%
1.3 HYMarkets Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 5.00% HYMarkets was found in 1978 and went online 1999 (max years) = 5.0%
1.4 HYMarkets Segregated / Bank Accounts 2.00% Yes =  2.0 %, No = 0.0 % 2.00% Yes, HYMarkets provides Segregated Bank Accounts to all clients = 2.0%
1.5 HYMarkets Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 %  1.36% HYMarkets FX FPA= 2.5 / 5.00 & Earn Forex= 8.6 /10.00, Total=  13.6 / 20.0 = Rating 1.36%
1.6 (+) ADJUSTMENTS        
1.6.1 Size Factor 1.00% More than 1 Million Active Traders = +1.0 % 0.00% Criteria not met = 0% Rating
2. TRADING COST at HYMarkets 28.00% RATING WEIGHT 14.00% HYMarkets Competition Analysis
2.1 HYMarkets Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%,  | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 3.00% Typical EURUSD spread is 1.8 pip = 3.0%
2.2 HYMarkets Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 0.50% Typical GBPUSD spread is 2.6 pips = 0.5%
2.3 HYMarkets Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 1.00% Typical USDJPY spread is 2.4 pips = 1.0%
2.4 HYMarkets Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 7.00% No commissions charged on the tested account types = 7.0%
2.5 HYMarkets Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %,  | 1-Free / Month = 0.5 % 1.00% Some withdrawal commissions may be charged in some xase (50% rating) = 1.0%
2.6 HYMarkets Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 0.00% Yes Inactive Fees (Accounts without any activity for 90 consecutive days will be subject to a non-refundable monthly administration fee of $25) = 0.0%
2.7 (+) ADJUSTMENTS        
2.7.1 HYMarkets Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 1.50% STP Order Execution = +1.5%
3. TRADING OPTIONS at HYMarkets 26.00% RATING WEIGHT 20.60% HYMarkets Trading Analysis
3.1 HYMarkets Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 3.60% HYMarkets offers 36 Forex Currencies = 3.6%
3.2 HYMarkets CFD and Spot Trading 2.00% CFD Trading = 2.0 % 2.00% HYMarkets offers CFD contracts trading = 2.0%
3.3 HYMarkets Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Demo account is available at HYMarkets = 2.0%
3.4 Leverage at HYMarkets 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0%  2.00% 300:1 max Trading Leverage = 2.0%
3.5 HYMarkets Bonus & Rebate 6.00%   5.00%  
3.5.1 HYMarkets Bonus (%)   Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% 1.00% 10% Welcome Bonus Policy by HYMarkets = 1.0%
3.5.2 HYMarkets Rebate (%)   Rebate  (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% 4.00% Trading Rebate $5 / lot (contact us for details) = 4.0%
3.6 HYMarkets Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 1.00% Minimum Deposit is $50 = 1.0%
3.7 HYMarkets Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.50% 5+ deposit methods by HYMarkets = 2.5%
3.8 HYMarkets Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.50% 5+ withdrawal methods by HYMarkets = 2.5%
3.9 (+) ADJUSTMENTS        
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% 30+ Forex Currencies = +0%
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% No interest on client funds by HYMarkets = +0%
3.9.3 HYMarkets Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.00% No = +0%
4. HYMarkets TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 15.00% HYMarkets Technological Analysis
4.1 HYMarkets Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 4.00% HYMarkets offers 4 platforms (HY Webtrader, HY MT4, HY MT4 Webtrader, HYRPO Trader)  = 4.0%
4.2 HYMarkets Slippage 4.00% Slippage  < 0.5 pip =  4.0% | Slippage  < 0.75 pip =  3.5% | Slippage < 1 pip = 3.0% | Slippage  < 1.25 pip =  2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip =  1.5% | Slippage < 2.0 pip = 1.0% 2.00% Below 1.50 pips = 2.0%
4.3 HYMarkets Automated Trading 2.00% Yes = 2.0 % / No = 0 % 2.00% Yes, HYMarkets allows Expert Advisors = 2.0%
4.4 HYMarkets MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 2.00% MT4 platform is available at HYMarkets = 2.0%
4.5 HYMarkets Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices  1.50% MT4 App for iPhone, Windows and Android = 1.5%
4.6 HYMarkets Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 0.50% Only hedging is allowed = 0.5%
4.7 HYMarkets Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 3.00% 24/5 Customer service = 0%, eMail, Phone, Live Chat= 3.0%
4.8 (+) ADJUSTMENTS        
4.8.1 HYMarkets PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.00% No PAMM accounts are not available yet = +0.0%
4.8.2 HYMarkets API Trading 0.50% Yes = 0.5 % / No = 0 % 0.00% No, API trading is not available at HYMarkets by the time of this rating = 0.0%

HYMarkets Special Metrics

These are the special metrics for HYMarkets according to the three categories of trading experience. The rating results are based on different weight of the same formula.

SPECIAL METRICS    
Based on Seperated Sub-Formulas RATING (100%)
HY Markets Overall Rating    72.96%
Forex Beginners   70.55%
Advanced Traders   70.16%
Pro Traders   67.89%

  

» Visit HYMarkets | » HYMarkets Review

 

HYMarkets Rating Review

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