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HYMarkets Forex Broker Review

HYMARKETS Forex Review

HYMARKETS Final Rating -FxPros.net» Check Full HYMARKETS Rating

HYMARKETS GENERAL INFORMATION

Found: HYMARKETS was found in 1999

Headquarters: HYMARKETS Markets Inc. headquarters are in London, UK

US Residents: No US traders –No-

Islamic Accounts: Islamic Account type (SWAP-Free) is available –Yes-

Regulated: HYMARKETS is regulated by FCA UK (No 186171) and MiFID EU

Web-Site Languages: HYMARKETS web-site supports many 5 languages including English, Arabic, Chinese and Russian, (English, 简体中文, 繁體中文, العربية, Русский)

 

HYMARKETS TRADING INFO SUMMARY


Trading with HYMarkets■ Broker Type:
STP (Straight Through Processing)

■ CFD Trading: -Yes-

Platforms: HYMARKETS offers 2 versions of MeaTrader4 (MT4 Install and MT4 Web), Web-Trader and the CurreneX Platform for professionals

Trading Time Zone: GMT Server

■ Demo Account: HYMARKETS is providing a Demo Account Yes-

■ Typical Spread EUR/USD: 1.8 pips (no commissions), lowest spread starts at 0.4 pip

■ Leverage: Leverage at HYMARKETS is up to 1:300

Scalping /Hedging: Only Hedging is allowed at HYMARKETS

■ Bonus Policy: HYMARKETS offers 10% welcome bonus for all new clients and any amount

■ Minimum Account: $50 (Standard Account)

Visit HYMARKETS

FOREX ASSET INDEX


□ HYMARKETS is providing a great variety of Forex currencies (check table below)

□ Great variety of Stocks and Indices via CFD contracts

□ Gold and Silver plus energy assets and commodities (check table below -click slider to reveal)

ALL AVAILABLE FOREX CURRENCIES COMMODITIES STOCKS AND INDICES

EURUSD -EURO VS US DOLLAR

USDJPY -US DOLLAR VS JAPANESE YEN

GBPUSD -BRITISH POUND VS US DOLLAR

USDCHF -US DOLLAR VS SWISS FRANC

AUDUSD -AUSTRALIAN DOLLAR VS US DOLLAR

USDCAD -US DOLLAR VS CANADIAN DOLLAR

NZDUSD -NEW ZEALANDDOLLAR VS US DOLLAR

USDHUF -US DOLLAR VS HUNGARIAN FORINT

USDMXN -US DOLLAR VS MEXICAN PESO

USDNOK -US DOLLAR VS NORWEGIAN KRONE

USDPLN -US DOLLAR VS POLISH ZLOT

USDZAR -US DOLLAR VS SOUTH AFRICAN RAND

USDSEK -US DOLLAR VS SWEDISH KRONA

USDTRY -US DOLLAR VS TURKISH LIRA

USDINR_1 -US DOLLAR VS INDIAN RUPEE MONTHLY CFD

USDRUB_1 -US DOLLAR VS RUSSIAN ROUBLE MONTHLY CFD

AUDCAD -AUSTRALIAN DOLLAR VS CANADIAN DOLLAR

AUDJPY -AUSTRALIAN DOLLAR VS JAPANESE YEN

AUDNZD -AUSTRALIAN DOLLAR VS NEW ZEALAND DOLLAR

AUDCHF -AUSTRALIAN DOLLAR VS SWISS FRANC

GBPAUD -BRITISH POUND VS AUSTRALIAN DOLLAR

GBPCAD -BRITISH POUND VS CANADIAN DOLLAR

GBPJPY -BRITISH POUND VS JAPANESE YEN

GBPNZD -BRITISH POUND VS NEW ZEALAND DOLLAR

GBPCHF -BRITISH POUND VS SWISS FRANC

CADJPY -CANADIAN DOLLAR VS JAPANESE YEN

CADCHF -CANADIAN DOLLAR VS SWISS FRANC

EURAUD -EURO VS AUSTRALIAN DOLLAR

EURGBP -EURO VS BRITISH POUND

EURCAD -EURO VS CANADIAN DOLLAR

EURHUF -EURO VS HUNGARIAN FORINT

EURJPY -EURO VS JAPANESE YEN

EURNZD -EURO VS NEW ZEALAND DOLLAR

EURPLN -EURO VS POLISH ZLOTY

EURCHF -EURO VS SWISS FRANC

EURTRY -EURO VS TURKISH LIRA

NZDCAD -NEW ZEALANDDOLLAR VS CANADIAN DOLLAR

NZDJPY -NEW ZEALAND DOLLAR VS JAPANESE YEN

NZDCHF -NEW ZEALAND DOLLAR VS SWISS FRANC

CHFJPY -SWISS FRANC VS JAPANESE YEN

SPT_DXY -US DOLLAR INDEX 

PRECIOUS METALS

SPT_GLD -SPOT GOLD

XAUEUR -SPOT GOLD VS EURO

GOLD_1 -GOLD CFD

SPT_SVR -SPOT SILVER

XAGEUR -SPOT SILVER VS EURO

SILVER_1 -SILVER CFD

COPPER_1 -COPPER CFD

 

ENERGY

USOIL_1 -US OIL CFD

BRENT_1 -BRENT CFD

NATGAS_1 -NATURAL GAS CFD

 

COMMODITIES

USCOC_1US COCOA CFD

USCOF_1US COFFEE CFD

USSUG_1US SUGAR CFD

USCOT_1US COTTON CFD

INDICES

US500_1US 500 INDEX CFD

US100_1US 100 INDEX CFD

US30_1US 30 INDEX CFD

UK100_1UK 100 INDEX CFD

GER30_1GERMANY 30 INDEX CFD

JPN225_1JAPAN 225 INDEX CFD

HK50_1HONG KONG 50 INDEX CFD

CNHI_1CHINA H-SHARES INDEX CFD


SHARES

Many shares from:

US, UK and Hong-Kong


SPREADS, COMMISSIONS & LEVERAGE

As concerns Fixed spreads, HYMarkets offers:

EUR/USD spread at 1.6 pip

USDJPY at 2.4 pips

GBPUSD at 2.6 pips

+No trading commissions charged on Fixed-Spread account

+CurreneX Pro accounts enjoy spreads starting at 0.4 pip

TRADING PLATFORM & MOBILE

HYMARKETS TRADING PLATFORM & MOBILE

HYMARKETS is offering:

(1) MeaTrader4 Install

(2) MetaTrader-4 Web

(3) Web-Trader

(4) CurreneX Platform


Hedging is allowed but Scalping is not allowed at HYMARKETS.

Demo account is available at HYMARKETS

HYMARKETS offers mobile trading for iPhone and Android

Trading server: GMT

  

NEW ACCOUNT INFORMATION

The minimum initial deposit required for opening an account on HYMARKETS is 50 USD.

TRADING ACCOUNT TYPES

Here are all the Account Types at HYMARKETS:

Types 1. Mini Accounts 2. Standard Accounts 3. Premium Accounts 4. Pro Accounts
Minimum Account USD50 USD750 USD2,500 USD5,000
Platforms Available Webtrader, MetaTrader, Mobile Trader Webtrader, MetaTrader, Mobile Trader Webtrader, MetaTrader, Mobile Trader CurreneX Pro Platform
Minimum Spread 1.8 pip 1.8 pip 1.8 pip 0.4 pip
Commissions on Trading No No No Yes
Asset Index

40+ Forex Pairs, Stocks, Indices, Commodities

40+ Forex Pairs, Stocks, Indices, Commodities 40+ Forex Pairs, Stocks, Indices, Commodities 40+ Forex Pairs, Stocks, Indices, Commodities
Maximum Leverage 300:1 300:1 300:1 200:1
Minimum lot size 0.02 0.10 1.00 0.10
Telephone Trading Yes Yes Yes Yes
Automated Trading Yes Yes Yes Yes
  ► Start from here (New Accounts)

HYMARKETS FUND METHODS

HYMARKETS Fund Methods:

Credit / Debit Cards

Bank Wire

MoneyBookers

■ WebMoney

■ Paypal

HYMARKETS Review Conclusions:

Based in London UK, HYMarkets is a STP Forex Broker owned and controlled by Henyep Group. The Henyep Group is a huge multinational company founded back in 1977, covering mainly the financial services industry and the real estate industry. HYMarkets is a regulated Forex Broker (FCA UK) offering also segregated bank client accounts via British Banking Institutions. The broker is also registered with the SFC in Hong Kong and the DFSA in Dubai. According to EU legislation it is also controlled by the EU MiFID.

■ Trading Technology

HYMarkets offers a good variety of trading platforms including the HY WebTrader, two versions of MT4, MT4 Mobile Trader plus the CurreneX platform for professional traders. HYMarkets is popular for the diversity of its asset index containing a very wide Forex Currency index, all major precious metals and energy assets plus a big number of shares and indices from US, UK and Hong-Kong. Within their integrated environment, traders can trade all these instruments in the same account. It is important to mention that the broker guarantees no slippage on execution an important characteristic when trading in volatile markets.

■ Trading Terms

HYMarkets offers Forex and CFD trading. The minimum spread on EURUSD starts at 0.4 pip (Pro accounts) while the typical fixed spread (without commissions) on all other account types starts at 1.8 pips. Trading leverage can be up to 300:1 for all account types except the Pro account type where the maximum leverage is 200:1.

■ Trading Accounts

There are 4 man account types available to suit the needs of different traders (demo account is available too):

(1) Mini Account – Starts at $50

(2) Standard Account - Starts at $750

(3) Premium Account – Starts at $2,500

(4) Pro Account -Starts at $5,000

Deposits and Withdrawals can be made via several different methods including Credit/Debit cards, Wire, PayPal, Moneybookers and WebMoney.

■ Customer Service

HYMarkets offers a very fast 24/5 customer service and one to one support for existing clients via live chat, phone, fax and email. The customer service supports several languages including English, Arabic, Russian, Chinese, Hindi, and Urdu.

■ Offers to Traders

-Free trading education and market analysis

-Personal VIP services for some account types

-10% Welcome Bonus for all New Clients

■ HYMarkets Final Conclusion

The greatest advantage when trading with HYMarkets is definitely the safety of your money. The broker is highly regulated and it is controlled by a huge financial group with over 30 years of operational history. The trading terms offered by HYMarkets can be seen as average compared to general competition for all account types except the Currenex Account type where the spreads are considerably tighter. Another advantage when trading with HYMarkets is the very wide asset index especially as concerns Forex. At the time of this review the welcome bonus policy is 10% and matches any amount. In overall HYMarkets is a good and reliable brokerage choice for all types of traders except Forex scalpers.

HYMARKETS Accounts

HYMARKETS REVIEW PROS & CONS (According to competition)

HYMARKETS REVIEW CONCLUSIONS

HYMARKETS PROS

HYMARKETS CONS

√ Regulatied by FCA UK and offering Segregated Client Bank Accounts

√ Controlled by the Henyep Group with over 30 years of operational history 

√ EURUSD spread starts at 0.4 pip (Pro Accounts)

√ Very wide asset index especially as concerns Forex Currencies and Shares

√ Good and Multilingual Customer Service (24/5)

√ Free Education, Market Analysis and Trading Signals

√ Supports PayPal and MoneyBookers ($50 minimum account)

X Scalping is not allowed (Hedging yes)

X The Fixed spreads are not very tight compared to competition

X Inactive Accounts may be charged a fee

 

Visit HYMarkets Forex Broker

 

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HYMARKETS Review

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