HY Markets

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HY Markets Review

HY MARKETS REVIEW

 

About HY Markets

HY Markets is a trading name of Henyep Capital Markets UK Ltd., a division of the Henyep Group. HY Markets has its headquarter in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom. The company has to additional offices in UAE and Hong Kong.

Trading Platform Features

HY Markets traders can choose to trade on any of these platforms:

  1. MetaTrader4: HY Markets offers its clients the chance to trade forex on the enhanced MetaTrader 4 terminal. This platform is used by the Micro, Standard and Classic account holders. There is a web-based version of this software which is also available to account holders.
  2. HY Markets Webtrader: This is the in-house web-based proprietary platform, created by HY Markets to provide its traders access to forex trading from any computer that has an internet connection. There is also a smartphone version of this software.
  3. Mobile Platforms: Trading can also be done on the various mobile devices using the MT4 platform. The platforms used are the HY Markets Trader for the iPhone/iPad and the HY Markets Trader for Android devices.
  4. Currenex: This is the ECN platform that is specifically built for Pro Account users. It is a purely downloadable platform.

 

Commissions and Spreads

The commissions and spreads that are obtainable on HY Markets are spelt out below in this snapshot. We can see that the information differs from one account type to another.

Charting Packages

Charts on HY Markets are available on the respective platforms.

 Education and Demo Accounts

HY Markets has a number of educational and trading materials on their site. These are:

a)    A section on forex basics.

b)    Online lessons and periodic webinars.

c)     Technical and fundamental analysis.

d)    A comprehensive forex glossary.

 

Customer Service

HY Markets customer support is available using the following means of communication:

  • Customer Service Tel: + 44 – 208 – 816 – 7812
  • Live chat online
  • Physical Address: 3rd Floor, 28 Throgmorton Street, London EC2N 2AN, United Kingdom, London.

 Deposits and Withdrawals

Deposits can be made on HY Markets as follows:

  1. a)    Skrill (Moneybookers) and WebMoney are the e-payment methods.
  2. b)    Bank Cards: PRC Cards, VISA and MasterCard are methods of conducting credit/debit transactions.
  3. c)     Bank wires are also used for depositing and withdrawing funds.
  4. d)    PayPal

Deposit Limits

The minimum deposit requirement differs from one method of transaction to another, and from one type of account to another. The minimum deposit amount for each transaction type is as follows:

  1. a)    Bank transfers: $250. Transactions are processed within 1-5 days.
  2. b)    All e-payment methods and credit cards: $20. Deposits are processed within one day.

There are generally no maximum deposit limits except for card methods which have a specified deposit limit that is given to traders when they open accounts.

Withdrawal Limits

The minimum withdrawal limits also depend on the account type:

  1. a)    Bank wires: $300: Using this method will also attract $30 in fees.
  2. b)    E-payment methods and credit cards: $50. No fees are charged.

Users of PRC cards cannot make withdrawals with this card type.

There are no maximum withdrawal limits. Card transactions and e-payment withdrawals take 7-10 working days while bank transfers take 1-5 working days.

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Details

Company Information
Broker’s Name HY Markets
Website Visit Website
Headquartered in HY Markets,3rd Floor 28 Throgmorton Street, London EC2N 2AN, United Kingdom
Founded 2007
Regulating Authority FCA (UK)
US Clients Accepted No
Telephone Number + 44 208 8167812 + 442073309021
E-mail Address info@hymarkets.com / sales@hymarkets.com
Website Languages English, Arabic, Chinese, Russian
Account Options
Type of broker STP/ECN
Commission yes
Mini account yes
VIP account yes
Segregated accounts yes
Islamic accounts yes
Demo Account yes
Institutional Accounts yes
Managed account yes
Maximum Leverage 0.25
Min. Deposit 50
Deposit Options Credit/Debit cards (VISA and Mastercard) , PayPal ,Moneybookers , WebMoney ,Wire Transfer ,Other local payment methods
Withdrawal Options Credit/Debit cards (VISA and Mastercard) , PayPal ,Moneybookers , WebMoney ,Wire Transfer ,Other local payment methods
More Instruments
Metals Yes
Oil Yes
Gold Yes
Indices Yes
Stocks Yes
Commodities Yes
Etfs Yes
CFDs Yes
Trading Platforms
Platform Type MetaTrader 4, MetaTrader 4 Android, MetaTrader 4 iOS, WebTrader, Currenex,
Platform Languages Multi-lingual
OS Compatibility Mac OS,iOS,Windows,Android
Streaming News Feed Yes
Charting Package Yes
Trading Signals Yes
Automated Trading Yes
Trade from Charts Yes
Market Commentary Yes
E-mail Alerts Yes
Mobile Alerts Yes
Scalping Yes
Hedging Yes
Trailing Stops Yes
Guaranteed Stop Loss Yes
Guaranteed Limit Orders Yes
Guaranteed Fills Yes
Interest on Margin Yes
One-click execution Yes
OCO orders Yes
Mobile Trading Yes
Web Trading Yes
Bonuses & Rewards
No Deposit Bonus No
Bonus for First Deposit Yes, Deposit Bonus up to 25%
Bonus Based on the Volume Yes
Other Bonuses Yes

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Account Packages

HY Markets Accounts Comparison Table

  Mini Standard Premium
Minimum Deposit $250 $750 $2,500
Trading Platform HY MT4 Download / Webtrader HY MT4 Download / Webtrader HY MT4 Download / Webtrader
Mobile Platform iOS/Android iOS/Android iOS/Android
Minimum Spread as low as 1.8 as low as 1.8 as low as 1.8
Instruments Over 30 Currencies pairs
Metals
CFD’s on Energy,
commodities, stocks, indices and shares
Over 30 Currencies pairs
Metals
CFD’s on Energy,
commodities, stocks, indices and shares
Over 30 Currencies pairs
Metals
CFD’s on Energy,
commodities, stocks, indices and shares
Max Leverage over 1:300 over 1:300 over 1:300
Demo Account  Yes  Yes  Yes

Products

Minimum Trade Size 0.02 0.10 1.00
Fifth Decimal  Yes  Yes  Yes
Telephone Trading  Yes  Yes  Yes
Account Base Currrency USD USD USD
Commission  NO NO NO
Financing Charges  Yes  Yes  Yes

Research & Services

Trading Central *  Yes  Yes  Yes
VIP Department Access**  Yes  Yes  Yes
Expert Advisor***  Yes  Yes  Yes

* Minimum Deposit $250 for MT4
** For Deposits $2500 and Above
*** Expert advisor only on MT4

 

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Bonuses

 

Promotion and Bonuses

HY Loyalty Program – Earn Up to $3 Cash Rebate

25% Bonus on First Deposit

10% Cash Bonus or 25% Credit Bonus

 

 

Screenshots

HY amrkets screenshot

Assets

Name Symbol Min. Spread
Forex Euro Vs Us Dollar EURUSD 1.8 pip
Forex Us Dollar Vs Japanese Yen USDJPY 2.2 pip
Forex British Pound Vs Us Dollars GBPUSD 2.4 pip
Forex Us Dollar Vs Swiss Franc USDCHF 2.8 pip
Forex Australian Dollar Vs Us Dollar AUDUSD 2.4 pip
Forex Us Dollar Vs Canadian Dollar USDCAD 2.8 pip
Forex New Zealand Dollar Vs Us Dollar NZDUSD 3.8 pip
Forex Us Dollar Vs Hungarian Forint USDHUF 40.0 pip
Forex Us Dollar Vs Mexican Peso USDMXN 40.0 pip
Forex Us Dollar Vs Norwegian Krone USDNOK 30.0 pip
Forex Us Dollar Vs Polish Zloty USDPLN 35.0 pip
Forex Us Dollar Vs South African Rand USDZAR 70.0 pip
Forex Us Dollar Vs Swedish Krona USDSEK 30.0 pip
Forex Us Dollar Vs Turkish Lira USDTRY 14.0 pip
Forex Us Dollar Vs Indian Rupee Monthly Cfd USDINRmmyy 50.0 pip
Forex Us Dollar Vs Russian Rouble Monthly Cfd USDRUBmmyy 200.0 pip
Forex Australian Dollar Vs Canadian Dollar AUDCAD 5.8 pip
Forex Australian Dollar Vs Japanese Yen AUDJPY 4.4 pip
Forex Australian Dollar Vs New Zealand Dollar AUDNZD 7.6 pip
Forex Australian Dollar Vs Swiss Franc AUDCHF 6.2 pip
Forex British Pound Vs Australian Dollar GBPAUD 6.8 pip
Forex British Pound Vs Canadian Dollar GBPCAD 6.8 pip
Forex British Pound Vs Japanese Yen GBPJPY 4.8 pip
Forex British Pound Vs New Zealand Dollar GBPNZD 10.0 pip
Forex British Pound Vs Swiss Franc GBPCHF 7.6 pip
Forex Canadian Dollar Vs Japanese Yen CADJPY 5.4 pip
Forex Canadian Dollar Vs Swiss Franc CADCHF 5.8 pip
Forex Euro Vs Australian Dollar EURAUD 5.8 pip
Forex Euro Vs British Pound EURGBP 2.6 pip
Forex Euro Vs Canadian Dollar EURCAD 5.8 pip
Forex Euro Vs Japanese Yen EURJPY 3.2 pip
Forex Euro Vs New Zealand Dollar EURNZD 9.8 pip
Forex Euro Vs Swiss Franc EURCHF 3.8 pip
Forex Euro Vs Turkish Lira EURTRY 30.0 pip
Forex New Zealand Dollar Vs Canadian Dollar NZDCAD 5.8 pip
Forex New Zealand Dollar Vs Japanese Yen NZDJPY 5.8 pip
Forex New Zealand Dollar Vs Swiss Franc NZDCHF 6.8 pip
Forex Swiss Franc Vs Japanese Yen CHFJPY 4.8 pip
Forex Us Dollar Index SPT_DXY 8
Name Symbol Min. Spread
Metals SPOT GOLD SPT_GLD 0.4
Metals SPOT GOLD VS EURO XAUEUR 0.7
Metals GOLD CFD GOLDmmyy 0.5
Metals SPOT SILVER SPT_SVR 0.03
Metals SPOT SILVER VS EURO XAGEUR 0.05
Metals SILVER CFD SILVERmmyy 0.05
Metals COPPER CFD COPPERmmyy 0.007
Name Symbol Min. Spread
Indices Us 500 Index Cfd US500mmyy 0.5
Indices Us 100 Index Cfd US100mmyy 1.5
Indices Us 30 Index Cfd US30mmyy 4
Indices Uk 100 Index Cfd UK100mmyy 1
Indices Germany 30 Index Cfd GER30mmyy 1.5
Indices Euro 50 Index Cfd EUR50mmyy 2.5
Indices France 40 Index Cfd FRA40mmyy 3
Indices Italy 40 Index Cfd ITA40mmyy 12
Indices Spain 35 Index Cfd SPA35mmyy 8
Indices Japan 225 Index Cfd JPN225mmyy 12
Indices Hong Kong 50 Index Cfd HK50mmyy 10
Indices China H-Shares Index Cfd CNHImmyy 10
Indices China 300 Index Cfd CN300mmyy 3
Indices China A50 Index Cfd CNA50mmyy 10
Indices India 50 Index Cfd IND50mmyy 8
Indices Shanghai 50 Index Cfd SSE50mmyy 3
Name Symbol Min. Spread
Oil Gas Us Oil Cfd USOILmmyy 0.04
Oil Gas Brent Cfd BRENTmmyy 0.06
Oil Gas Natural Gas Cfd NATGASmmyy 0.02
Name Symbol Min. Spread
Commodities Us Cocoa Cfd USCOCmmyy 5
Commodities Us Coffee Cfd USCOFmmyy 0.3
Commodities Us Sugar Cfd USSUGmmyy 0.05
Commodities Us Cotton Cfd USCOTmmyy 0.4
Name Symbol Min. Spread
Stocks Alibaba CFD_BABA 0.2
Stocks Apple CFD_AAPL 0.1
Stocks Amazon.Com CFD_AMZN 0.4
Stocks E-Commerce China Dangdang CFD_DANG 0.08
Stocks Facebook CFD_FB 0.1
Stocks Google CFD_GOOG 0.6
Stocks Jd.Com CFD_JD 0.1
Stocks Microsoft CFD_MSFT 0.1
Stocks Tesla MotorsS CFD_TSLA 0.3
Stocks Twitter CFD_TWTR 0.1
Stocks Vipshop Holdings CFD_VIPS 0.08
Stocks Yahoo CFD_YHOO 0.1

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