Hy markets forex review
This broker offers three basic account types, depending on the initial deposit: Mini, Standard and VIP. They all offer leverage up to 1: Keep in mind that Trading Signals is not available to Micro account holders.
The company also offers binaries trading service through its HY Options brand. HYCM is part of the Henyep Group, a global conglomerate with various business activities spanning 3 continents and 20 countries world-wide. Set up 35 years ago, the Henyep Group is a global conglomerate with various business activities spanning 3 continents and 20 countries world-wide. It operates out of its offices in London, Dubai, Hong Kong, Kuwait and Cyprus.
HYCM is operated by Henyep Capital Markets UK Ltd. Besides, it has a Cypriot unit, regulated by the CySEC, and a subsidiary based in Hong Kong, that is duly licensed by the local regulator — the SFC.
Licensed companies are required to comply with certain rules and procedures covering client funds, order execution, minimum capital requirement, regular report filing, etc. The same minimum capital requirement applies to Cypriot brokerages. HYCM is a fixed-spread forex broker, and like most of them, charges no commissions.
Fixed spreads are generally wider than variable ones, but offer traders a more predictable trading environment and protects them from wild spread swings which usually happen during news releases. In fact, the spreads offered by HYCM are quite competitive, amounting to 1.
On average, fixed spreads amount to 2 — 3 pips. The maximum leverage levels with HYCM reach 1: XM , for instance, offers leverage up to 1: Nonetheless, keep in mind that leverage is a double-sided coin: HYCM offers two trading platforms: PrimeTrader is a new multi-asset web platform with user-friendly interface and provides integrated multiple pricing, advanced charts and complete online account management.
The MT4 is also supported by this broker, desktop, and mobile versions being offered. This platform is preferred by most traders, because it allows clients to fully automate their trades by Expert Advisors EA and let the program do all the work.
What is more, it offers a number of technical indicators and advanced charting package. MT4 allows trading signals, but HYCM has partnered with Pro Daily which brings investors cutting-edge signals trading service. The broker also offers a Refer-a-friend scheme. Deposits are also accepted in KWD, SAR and AED and will be converted to USD for trading.
Being part of a large international group with more than 30 years of experience in the industry, HYCM is a reliable broker with strong regulation. Our main concern with this broker is that it uses a Market Maker model and there may be conflict of interest between the company and its clients.
To sum things up, here are the advantages and drawbacks with regards to HYCM: FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.
XM is broker with great bonuses and promotions. FxPro is a broker we are particularly keen on: And the best part? With FxPro you get negative balance protection.
It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
FBS is a broker with cool marketing and promotions. Trading is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well we tried it out and we loved it. HYCM is actually the 3rd broker i work with and its the first time when the mobile app workds properly and doesnt lag. Quotes here do not differ from the desctop mt4 so it works well. Hm, i m trading with 3 brokers including HY, dont see any differences with executions or slippage, i think you should deversify to illuminate bancrosy risks etc, but still hy is among most respected brokers.
Cool that u dont face any tax problems working with a regulated broker, while its a huge problem in scam companies. During 4 years got no conflics with customer supper of other managers.
Platform works perfect, quotes are exactly the same as market maker provides. Want to join HYCM, do I have to provide all docs and verify myself before the first withdrawal?
Can I trade at least on demo without verification? Had a lot of concerns while choosing a broker to trade with, chose Hycm and that was a good choice! Never though of changin a broker. Love the new daily video reports on site, saved much time.
Review of HY Markets forex broker - wunesajoc.web.fc2.comCS here is very welcome answering the client, highly recommend! Did HY markets finally get a FCA license or i misread something? Confidence is fine here, but tools for beginners are still very low. Just 1 welcome bonus, no training system, lack of video materials. Much more confidence here after trading with CIS brokers that close every month.
Was comparing Oanda and Hy markets for a long time, traded in both at the same time, didnt fing much difference but chose HY markets in all. Dont usually writer reviews but here i want to thank Hy Markets for having a WEB TRADER - awesome thing that solves many issues if you are in office.
Zimbabwe | Online Brokerage Comparison: Stock Brokers, Forex Trading Platforms, Options Trading Accounts and more
Cant understand why not so many brokers have it. Hy pro trader was a great surprise for me, didnt see anything new on platform technology market, and this one is very noticeable! I never saw any delays and error messages during 5 years of trading with hym. Working on London session, mid term trades.
Trading platform is unreliable with a lot of delays and error messages. With high leverage that's a recipe for wiping out your account, if you can't be sure your trades will be executed. Does Hy markets have any affiliate program by the way?
HYCM | Forex Brokers Reviews | Forex Peace Army
I could attract a few friends to trade here. The guy below is just a person who will recommend you his affiliate link so dont pay much attention please.
Opened account, been trading for about a week and proceeded my first withdrawal. Didn't meet any obstacles during the whole path. Would be interesting to see if HY Markets would have attrackted some pro traders and created pamm accounts. Such a big company can do that for sure. The max leverage is a bit low for me, 1: Opened account with this broker after following hy markets daily market reports on some forex forum, very acccurate analysis and good company overall.
Was not easy to start studying the market trading, big thanks to HY markets and their daily market reports on stocks. My progress goes much faster with its help. No real claims to HY markets, trading conditions are normal and allow professional to do their job and earn on it. Missing some trading contestes and bonus money that i had with my previous broker, but in the end he bankrupted, and here i see the stable prospect for a long time further.
Nice to see HY markets experts on top arabic financial TV channel, that inspires! Opened account, earned my first money and instantly pushed a "withdraw" button. After 5 days money are on my bank account, so I m pretty happy. Are floating spreads permitted by regulators? Working with 3 top brokers including HY and never seem that. Hope that HY markets will turn to floating spreads in some nearest future, now on some currency pairs spread is too big.
Ye, but still for me the MT4 report has everything i need for analysis.
Of course the company could do some more. They still should work more at the website and a personal area, which lacks much analytical services and so on.
Such a huge company can do much more for traders! Want to admit the good attitude of my personal manager, solved a problem very fast, thx! Tried my skills on demo account, now moved to the real one. Feeling some stress, but going in 0 for now, hope to be profitable in june! Everything s fine, also offers stocks and indexes, which is very nice. Thanks HY Markets customer support with helping out with many theoretical questions for free, helped a lot.
I m so happy about closing my today trade that decided to write this review: Its my brokers, and i really earn money with it! Thanks for the service. Stopped working with HY markets because of high spread on eur usd, moved to other company, but then got back to Hy markets.
It has not the best conditions in the market, but its definetely not a scum. Now i feel like paying increasing spread for my confidence about my money. For now i m satisfied with conditions they provide. Seems interesting to trade stocks, futures and forex on 1 account in 1 platform, gonna try hy markets!
The beginning of the year seems fun!
That amazing movement on USD CHF, dollar growth and so on, i feel like getting rich with hy markets. Thanks for educational webinars on the site, many complicated things became clear. This autumn gave more profit than the whole previous year! Thanks HY services for stable work and safe withdrawals!
I m going to open account, need this info,thx. I feel happy the company i trade with finnally started making good promos. This is the most reliable broker from all i have tested. I always attempt deversify my money among several companies, but HY Markets seems really safe, will keep working with them! I like how the company works, i am trying it for 5 month so far.
For forex trading i would choose MT4 or MT5. Metaquotes upgrade it quite often and new builds solve many technical issues. Hy Pro has much less upgrades and its support is limited by HY markets technical crew, so i would choose it only for stock and futures trading.
When analyzing i realized that it does have some functions as traling stop, but in general it works much better. MT4 is a past generation now.
HY Markets forex broker honest review
Also using HY pro, UI seemed unfamiliar first time, but its quite easy to use. I rly ike the HYPRO trading platform. It lacks some services, like traling stops, which i never used, but still interface and functionality are amazing. Got a letter from HY Markets from birthday congratulations, so nice.
Nice to see my broker here, i dont need any advanced services, hope that execution broker services will not get worth, so i will always be able to earn, good luck in ! Last month i trade only with webtrader, it seems to me that maybe the speed of execution is a bit slower there, is it so?
The best thing about hy markets is the variety of trading tools. Its like the only broker that gives an opportunity to trade metals, forex, stocks and indexes on 1 account, and thats, i think, the main advantage of this company. Nice rebate, saw such rebate level in 1 russian broker, but conditions to get it there were more complicated, so good job with it!
Some people discuss HY markets' new platform here, i think its decent, but dont pray on it too much, MT4 had updates and still there are bugs, so probably hy pro is not and ideal aswell, meanwhile trading forex and stocks in 1 window is cool. MT4 is a perfect trading platform for FOREX, but can say HY Pro is very well designed. Unfortuanetely for me company doesnt have much education resources, but stil its very comfortable to trade with.
They give the biggest variety of trading instruments among all companies and thats great. I wish them to have more education courses for beginners! Safety of FSA regulation FSA ; Long-term business commitment; Well capitalized; Client funds are segregated from company operating capital; Staggering array of tradable instruments; Ability to long and short any of the instruments available; Stop losses guaranteed against slippage; Swap-free accounts available to Islamic traders; Deposits and withdrawals available by Visa and MasterCard; CONS: It's sad that some here didn't succeed to trade using their platform But for me, you are the one who is controlling your money so everything you gain and you lose, it's your your way on how you trade online.
I think next time we should be wise in trading and negotiating with others to gain more money. I find HY Markets system good fast! So I recommend HY Markets to all those who want to start business in online trading! But remember, be wise! Hi, I am very pleased with HY Markets as a broker. Their online help is always responsive and is very easy to navigate through their site.
Not only that, but I also managed to go through the verification process easily. And with drawing my money is easy and not to mention very fast. So far my experience with HY Markets has been a great one. With speedy withdrawals and 24hrs customer support. A great platform and easy to navigate website. I give it a thunmbs up I don't understand why people always blame the broker when they loose the money they choose to invest. I personally lost money with 3 different brokers so far in my trading.
These guys are not trading for me … I do all the trading on my own … so why would I blame them? I am trading with HYMarkets for the last 7 months. I have positions that made money and positions that lost money. The market is very unpredictable these days … this crisis is affecting everything. This is not the brokers fault. Companies like HY, that have been established for 30 years and are regulated by FSA and DFSA are actually the only ones anyone should feel comfortable trading with at these times.
This is an excellent broker, their customer service is great, they offer all types of tools and trading with them is a pleasure … even at those times when I loose money. HY Markets' trading platform is very easy to use. They let me use 2 trading platforums to trade forex, oil, stock and more. Anyways I got free money to trade with just for having my friend sign up. Can you imagine I was very surprised, not very often u find a good and respectiable broker to deal with.
Easy Markets Review | Trade Forex South Africa
HY Investment are regulated by the FSA and the DFSA here in Dubai. I traded with them and they have sent me my money on time both times that I did a withdrawal. The only reason why a payment might be delayed is if you did not submit all your proper documents with them. Thats common practise with ALL regulater brokers. For me that makes HYmarkets. Decent spreads and leverage. I was particularly happy with the variety of products they offered.
Definitely a good site for people looking to go into a few different markets. Nice trading conditions with spreads of 3 on majors and 7 on crosses. Offers fx, energies, metals, indices, commodities, and stocks. Important of all, good withdrwal conditions: Thats all i want. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
All information on ForexBrokerz. We do not present any guarantees for the accuracy and reliability of this information. All textual content on ForexBrokerz. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source.
Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy. FCA adds Capital Markets Banc CMB to its warning list Apr Software: Trading 's mobile trading app reaches 5 mln. CopyFX changes minimum deposit requirement for forex trading accounts Jun Market: CySEC warns against binary options broker BuzzTrade May Expert Advisors: LIVE ACCOUNT DEMO ACCOUNT 4.
For the last hour. Leverage The maximum leverage levels with HYCM reach 1: HY Markets Introduces Professional Forex Trading Account and Platform Jul 01 Top Forex brokers More details.
Broker Advantages FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. HYCM reviews Broker details. Your vote for HYCM 5 stars 4 stars 3 stars 2 stars 1 star Security code. Satisfied Good service and trading conditions. Webtrader Dont usually writer reviews but here i want to thank Hy Markets for having a WEB TRADER - awesome thing that solves many issues if you are in office.
Unreliable Trading platform is unreliable with a lot of delays and error messages. Is this a good broker? Signed up on wave analysis! Nice idea about an analytical addon!! Awesome trading platform I rly ike the HYPRO trading platform.
HY Pro is decent MT4 is a perfect trading platform for FOREX, but can say HY Pro is very well designed. Not perfect but good for trading Unfortuanetely for me company doesnt have much education resources, but stil its very comfortable to trade with. Stop losses are guaranteed against slippage PROS: I recommend HY Markets to all It's sad that some here didn't succeed to trade using their platform I am very pleased with HY Markets as a broker Hi, I am very pleased with HY Markets as a broker.
Speedy withdrawals and 24 hourrs customer support So far my experience with HY Markets has been a great one. HY Markets are regulated by DFSA here in Dubai HY Investment are regulated by the FSA and the DFSA here in Dubai. HYMarkets offer decent spreads and leverage Very good site. Top Forex Brokers FXTM FXCM HYCM easyMarkets IG XM FxPro FX Choice Windsor Brokers FBS FIBO Group Cyprus Grand Capital TryMarkets EverFX Trading Dukascopy IC Markets OANDA City Index XTB PipIndex Capital Index PhillipCapital UK RoboForex FOREX.
Forex Industry News FXCM publishes impressive slippage and spread statistics AvaTrade expands its cryptocurrency portfolio with BTCEUR and ETCUSD Ayondo and XTB next to launch Bitcoin trading HYCM adds Bitcoin to tradable portfolio FXCM Group's May metrics recover from April FxPro inks sponsorship deal with Premier league team Watford SFC stops activities of IDS Forex HK over money laundering suspicions.
Latest forex brokers Alph Prime Review - is alphprime. Angels Broker Review - is angelsbroker. AnalyTrade Review - is anefx. Arum Capital Review - is arumcapital. WinsFX Review - is wins-fx.
Asia Nuggets Review - is asianugets. Altinvest Review - is alt-in. Omega Markers Review - is omegamarkets. Home News Brokers Promotions Contact us Compare. COPYRIGHT All textual content on ForexBrokerz. MT4 , MT5 , Web. MT4 , Trading Station, NinjaTrader. MT4 , Web , PrimeTrader.
MT4 , Web , ProRealTime, 2Dealer. MT4 , MT5 , cTrader, SuperTrader, FxPro Markets. MT4 , Web , Gwasy. MT4 , MT5 , cTrader.