HY Markets forex broker review and detailed information
How does HY Markets compare with its competitors? Check out also our comprehensive and fully interactive comparison of forex brokers. If you do not know what the terms in the following tables mean, read the tutorial about forex brokers first.
Basic information about HY Markets
| Website | Visit HY Markets |
| Type | Market maker (MM) |
| Regulated by | FSA |
| Country | UK |
| Established in | 2007 |
| Live chat | yes |
Trading terms
| Commission (pips) | 0.00-0.00 |
| Fixed spread | yes |
| Variable spread | no |
| Spread on majors (pips) | 3.0-5.0 |
| Leverage | 200:1 |
| Minimum deposit (USD) | 50 |
| Minimum trade size (USD) | 2000 |
| Accepts scalping | yes |
Available features
| Number of currency pairs | 12 |
| Precious metals (gold & silver) | yes |
| Oil | yes |
| Stocks, Indices, and/or CFDs | yes |
| Hedging | yes |
| Trailing stop | yes |
| Free automated trading | yes |
| MetaTrader 4 | yes |
| Mobile trading | no |
Forex account
| Demo account | yes |
| Interest on unused balance | |
| Islamic swap-free accounts | yes |
| Segregated accounts | yes |
| Accepts U.S. citizens | no |
| Payment by Bank wire | yes |
| Payment by Credit card | yes |
| Payment by PayPal | yes |
| Payment by check | no |
| Other payment options | |
| Account in USD | yes |
| Account in Euro | no |
| Account in GBP | no |
| Account in CHF | no |
| Account in JPY | no |
| Account in AUD | no |
| Account in CAD | no |
| Account in NZD | no |
| Account in CZK | no |
| Account in DKK | no |
| Account in HKD | no |
| Account in ILS | no |
| Account in NOK | no |
| Account in PLN | no |
| Account in RMB | no |
| Account in RUR | no |
| Account in SEK | no |
| Account in SGD | no |
| Account in ZAR | no |
Languages
| Arabic | yes |
| Chinese | yes |
| Czech | no |
| Dutch | no |
| English | yes |
| French | no |
| German | no |
| Greek | no |
| Hebrew | no |
| Indonesian | no |
| Italian | no |
| Japanese | yes |
| Korean | no |
| Malaysian | no |
| Polish | no |
| Portuguese | no |
| Russian | no |
| Spanish | no |
| Turkish | no |
HY Markets customer reviews
Are you a satisfied customer? Or you want to share a scary story? Tell the world about your real-life experience with this forex broker! While writing your review, please also specify for how long time you have been trading with them and what trading style you use (for example news trading, grid trading, scalping, etc.). Readers with a similar trading strategy will pay more attention to your comment. Only genuine broker reviews will be published; posts promoting a website and generic comments will be removed.
James
2011-02-04
Hi
I have been looking for a good site where i could share my experience. HY Markets is a attractive name for any one new in forex. they just offer mini account with only USD 50. I worked with for about 6 months. i opened a mini account then i gradually upgraded it to standard and then premium account.
They offer 10% credit bonus on deposits greater then USD 5000. that is another attractive offer.
Regarding their services, it sucks. they will try every thing they can to stop you from taking any kind of profit. they will never let you close your position in busy time. you can not purchase any thing in busy times. system always stop working. again and again send you re-quotes, off quotes etc. if by luck you have set Profit take or limit on your positions then it never gonna work for you wither.
In short really greedy and poor management with a hungry vampires sitting in dealing desk.
i warn again they will offer you every facility in forex world so you bring them some money in your account and then you'll never be able to work in any way with them. and once your money will be eaten by them they won't even reply your email.
Never work with HY Markets.
Best Regards
james
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