HY Markets Review

Company HY Markets
Established in 1977
Online since 1999
International Offices Hong Kong, United Arab Emirates, United Kingdom
Payment Methods Credit Cards, Debit Cards, Moneybookers, PayPal, WebMoney, Wire Transfer
Demo Accounts & Platforms Meta Trader 4
Account currencies United States Dollar
Regulated & Registered by FSA (U.K)
Are US Traders allowed? No
Bonus? (detailed)
Languages in which website is available? Arabic, Chinese, Dutch
Languages in which Support is available? Arabic, Chinese, English
Different Support methods? Call Back, Email, Live Chat, Phone
Types of Account (micro standard executive islamic) Mini, Standard, Premium
Minimum deposit in accounts $50
Minimum position size 0.02 lot
Type of Spread? Fixed
Minimum spread on EUR/USD, pips 1.8
Is Scalping Allowed?
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) Forex- 1:325, Stocks – 1:14, Indexes- 1:89, Soft Commodities- 1:75, Metals – 1:205, Energies – 1:226
Real Trading platforms Meta Trader 4
Digits after the dot in quotes 4
Margin call level
Stop-out level
Total Number of currency pairs 22
Any Bonus offers Yes
Affiliate program Available? Yes
Facility of Overnight interest rates (swaps)
Do they have Trailing stop? Yes
Do they have Pending orders? Yes
Mobile trading allowed? Yes
Browser-based platform present? Yes

hy logo2HY Market serves both the retail as well as institutional traders. The company was established in the year 2006 but is part of Henyep Group which was established in the year 1977 and started online trading in the year 1999. They have 30 long years of experience in the field of trading and capital markets. Their trading platform is full of charting tools, news and information which help in smooth trading experience. They have their offices in Hong Kong, United Arab Emirates and United Kingdom and is regulated by FSA a regulating authority of United Kingdom. They allow payments to be made through credit cards, debit cards, MoneyBookers, PayPal, WebMoney and Wire Transfer and hence deposit and withdrawal of funds is easy and hassle free. They allow only United States Dollar as the account currencies and allow trading in 22 currency pairs which include all the major pairs. They do not allow traders from United States to trade from their account.

They also offer free demo account with Meta Trader 4 as the trading platform. Meta Trader 4 is the most commonly used trading platform in the forex market and it gives many features which helps in smooth trading. The same platform is also available for live trading and hence demo account helps in understanding the features and planning of trading strategies. Their website is available only in Arabic, Chinese and Dutch language whereas the customer support service is available in Arabic, Chinese and English. The customer support service is excellent and the staffs are very responsive and supportive. You can reach them using email, live chat, phone and call back. They offer mini, standard and premium account type and the minimum deposit required to open an account with them is just $50 and the minimum position size is 0.02 Lot.

The reviews are the best way of finding out which company is the best in its performance and service and HY Markets review show that it has many happy customers. Most of the reviews speak about their many payment options which include PayPal as well, as its advantage. Many like the fact that they offer Meta Trader 4 as the trading platform which helps them trade smoothly and successfully. They offer 22 currency pairs to trade in and it includes all the major pairs. The minimum amount required to open an account with them is $50 and the minimum position size is 0.02 lot and is liked by many traders trading through HY Markets. They offer a lot of trading instruments other than forex to trade and the leverage offered on each of them is also very competitive. However, a few cons is that their website is not available in English and that their customer support service is available only in Chinese, Arabic and English. The account currency allowed is only United States Dollar. However, the overall reviews are good and the average rating given to the company by its various users is 4.0 out of 10.

ยป Sign up now!