HY Markets forex broker review and detailed information

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.

HY Markets forex broker logo

Basic information about HY Markets

WebsiteVisit HY Markets
TypeMarket maker (MM)
Regulated byFSA
CountryUK
Established in2007
Live chatyes

Trading terms

Commission (pips)0.00-0.00
Fixed spreadyes
Variable spreadno
Spread on majors (pips)2.0-5.0
Leverage300:1
Minimum deposit (USD)50
Minimum trade size (USD)2000
Accepts scalpingyes

Available features

Number of currency pairs12
Precious metals (gold & silver)yes
Oilyes
Stocks, Indices, and/or CFDsyes
Hedgingyes
Trailing stopyes
Free automated tradingyes
MetaTrader 4yes
Mobile tradingno

Forex account

Demo accountyes
Interest on unused balance
Islamic swap-free accountsyes
Segregated accountsyes
Accepts U.S. citizensno
Payment by Bank wireyes
Payment by Credit cardyes
Payment by PayPalyes
Payment by checkno
Other payment optionsMoneybookers, Webmoney
Account in USDyes
Account in Eurono
Account in GBPno
Account in CHFno
Account in JPYno
Account in AUDno
Account in CADno
Account in NZDno
Account in CZKno
Account in DKKno
Account in HKDno
Account in ILSno
Account in NOKno
Account in PLNno
Account in RMBno
Account in RURno
Account in SEKno
Account in SGDno
Account in ZARno

Languages

Arabicyes
Chineseyes
Czechno
Dutchno
Englishyes
Frenchno
Germanno
Greekno
Hebrewno
Indonesianno
Italianno
Japaneseyes
Koreanno
Malaysianno
Polishno
Portugueseno
Russianno
Spanishno
Turkishno

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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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