HY Markets is a market leading global forex and CFD broker that was named Best FX Broker Northern Europe, 2012 and Best FX Mini Account Provider, 2012. HY Markets is part of Henyep Capital Markets, a UK-based FSA-regulated trading company and a division of global financial conglomerate Henyep Group, which has been operating in the financial services industry for over 35 years.
It has made a name for itself as a leader in offering its clients the optimal trading environment platform, while providing the ability to easily and efficiently trade any financial product around the globe including: Currencies, Oil & Gas, Metals, Commodities, Indices and Stocks.
Henyep Capital Markets operates three main brands all of which have been enjoying enormous success over the last few years.
HY Markets which is the main retail online trading division. It provides individual investors with access to all capital markets including forex, metals, commodities, equities, indices and more.
PIPTRADE is their bespoke spread trading division which provides individual investors with access to the world markets using its innovative spread trading method.
Finally the group also operate HY Investment which is industry-leading platform for introducing brokers and white label partners.
How to Start with HY Markets
The minimum account deposit for a regular account is $750 and for the mini account it is $50. The premium account is available for $2500. The minimum leverage is 200:1 and the PIP spread is 3. There are no commissions. Those that are concerned about marginal trading can do so with the low 200:1 leverage. There are other brokers that provide with 100:1 too. The payment options for HY markets are Bank Wire, credit card and Paypal.
The platform of the HYMarkets is cool and good to use software and it can be accessed by any computer that has an internet to it. The software provides with the following:-
• Real time forex news.
• Technical analysis tool.
• Real time account information and updates.
• Good banking security.
• Advanced charting for forex signals.
• Freeze rate function.
• Amount to risk function.
Support and Training
The customer support is pretty good with multilingual support. They have a 24 hour online support with providing clarifications about deposit and withdrawal to the client at any time. They offer beginners with a tutorial on trading basics, technical analysis, market commentary, and fundamental analysis.
What Advantages do you get with HY Markets?
• advanced charting systems
• sophisticated technical analysis tools to give you a competitive edge
• real-time news and instant reporting of economic indicators
• A wider product offering including oil/gas, metals, commodities, stocks
• get alerts on sharp rate movements of all markets
• award Winning MetaTrader (MT4) Software
The Final Verdict
A unique trading software that is highly secure, reliable and easy to use all make HY Markets a top-quality Forex broker.
The customer support at HY Markets is top-of-the-line. There is phone support email and chat support assistance to resolve any problems that may arise.
HY Markets caters to both beginners and professional traders. Inexperienced traders can open a demo account to try out the platform and to become accustomed to placing trades, or they can start trading with real money for just $50. HY Markets created a superb, graphical, easy-to-use and easy to navigate trading platform.