HY Markets Forex Broker Review

A well known Forex broker, HY Markets is registered with the FCA and is a part of the large Henyep Group. Benefiting from over 30 years of experience within the financial services sector, HY Markets operate from a London base and ensure that they provide the most secure and reliable Forex trading experience within the boundaries of strict regulation.

Which Trading Platforms are Offerеd by HY Markets?

There are several trading platforms offered by HY Markets and each suits the needs of a different type of investor, whether they have prior experience or not. Some platforms require software downloads, but others are available to be accessed while on the go through mobile devices and are perfect for traders on the move.
All of HY Markets’ trading platforms offer helpful analytical and charting tools which are essential for improving the trading experience overall. They also all have user friendly interfaces, with financial transactions being guaranteed to be safe and secure thanks to the advanced encryption system being employed.

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What are the Different Account Types Available?

HY Markets offer four account types, each suited to the need of a different type of investor. Experts will appreciate the high level HY Pro Trader account which has its own spread and leverage and requires a minimum deposit of more than $5000. The Premium Account necessitates and deposit of $2500 or over while Standard accounts are able to be accessed by depositing a sum of 4750 or more. Novices can opt for the HY Markets Mini account, which only requires a small deposit of $50. Those who wish to try out the platform without commitment can access the broker’s demo account.

Important Information About HY Markets

HY Markets will never charge any commission or fee for any financial transaction and traders will experience no hidden costs.
The spreads on offer from HY Markets vary, with HY Pro Trader account holders being offered spreads of 0.5 while those who hold the other account types are offered a spread of 1.8.
HY Markets do not only offer trading in currency pairs, but also provide investors with the opportunity to trade in a range of other assets. These include commodities, indices, precious metals, energy products and traditional stocks. This gives potential traders a great spectrum of choice.
Leverages on offer from this broker vary, as those who hold the highest level HY Pro Trader account being able to expect a leverage that begins at 200:1. Leverages of up to 300:1 may be offered on other account types.
The withdrawal and deposit systems offered by HY Markets are extremely well streamlined so that traders are able to enjoy a process that is both simple and convenient. The withdrawal process is fast and efficient, and there is a choice of method available, from the traditional, like wire transfers, to contremporary options like MoneyBookers, PayPal, Skrill and WebMoney. Withdrawals are actioned by simply completing an online form, although it may take up to 10 working days for cleared funds to appear in an investor’s bank account depending on any third party security checks which must be carried out.
The HY Markets customer support team is very good, and is open for contact between Monday and Friday 24 hours. The team can be contacted via email, telephine or online chat, with the multi-lingual support staff being able to aid investors with a variety of issues.
For those who require education resources, the HY Markets website has a choice of tools such as glossaries, tutorials, articles and videos which can help new investors to find their feet, maximise profit and gain an edge.
HY Markets also has a range of up to the minute live services such as Reuters news reports and live market prices. Traders can even receive a direct text alert to their mobile device, and thanks to the HY Markets analaytical and charting tools, investors can always stay one step ahead.

What Are the Benefits of Choosing HY Markets as Your Forex Broker?

If you choose HY Markets as your Forex broker, you can benefit from the following:

• Numerous trading platforms suited to all kinds of trader
• Accessible and user friendly platform interfaces
• Platforms that can either be accessed from a PC with downloadable software or from a mobile device for traders on the move
• FCA regulation for extra security and reliability
• Professional, multi-lingual customer support team
• 24 hour customer support available
• Choice of contact methods including email addresses, online chat and telephone helplines
• Efficient and rapid withdrawal and deposit processes
• Choice of both traditional and modern withdrawal and deposit methods
• Options to trade in a variety of different assets as well as Forex including commodities, precious metals and indices
• Education resource section of the website
• Live Reuters news and up to the minute market prices

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