HY Markets have their base in London and are an arm of the profitable Henyep Group. Benefiting from a full 30 years in the financial industry, they boast a strong and reliable reputation, and are therefore considered to be one of the best Forex brokers UK. HY Markets, as you would expect, are registered with the Financial Conduct Authority and are one of the most popular Forex brokers.
HY Markets is now HYCM – The Multi-Platform Online Trading Broker.
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Which Trading Platforms are Offered by HY Markets?
Investors who choose HY Markets as their choice of top Forex brokers can select from a range of different trading platforms, some of which are more suited to novices while others meet the needs of experienced investors in the foreign currency market. Although some of the platforms require users to download software to their PC, other options are available which require no downloads and can therefore be accessed through smartphones and mobile devices while on the move.
Many of HY Markets’ trading platforms offer excellent charting tools and analytical tools as well as user friendly interfaces. As they ensure that all connections and data communications are safely encrypted, investors can be guaranteed that their financial transactions are as safe as those carried out by any bank.
Which Account Types do HY Markets Offer?
HY Markets are aware that different types of traders have different account needs, and therefore there are several options to meet the range of requirements. Those who are novices in the money markets can deposit just $50 in order to open a Mini account and begin their trading. Those who consider themselves to be ready to make a larger financial commitment can deposit $750 in order to open HY Markets’ Standard account, and those who are even more experienced can access a Premium account through depositing $2500. If you are an investor with lots of skills, you can open the highest level account, the HY Pro Trader account with a deposit sum of $5000. If you would like to try out the trading platforms and hone your skills before making a deposit, you can also access a free demonstration account.
Further Information About the Main Features of HY Markets
With no fees or commission charged on any financial transactions, traders can enjoy all of their profits with no hidden costs involved.
Spread levels vary depending on the trader account level chosen. Mini, Standard and Premium accounts all offer a pip spread of 1.8, however the HY Pro Trader account has a special rate with a pip spread of 0.5.
Those who would like to trade a broader range of assets as well as foreign currency would do well to choose HY Markets. There are lots of other trading options available, including precious metals, stocks, commodities, energy products like oil, and indices.
Leverages vary depending on the account, with up to 300:1 on Mini, Premium and Standard accounts, and 200:1 on the highest level HY Pro Trader account.
How Simple is the Depot and Withdrawal System?
One of the most important factors when choosing a Forex brokers is whether it is easy and convenient to deposit and withdraw your funds. A positive experience in this area is paramount, and therefore HY Markets have streamlined and maximised the efficiency of their systems. They offer a broad spectrum of ways to deposit money into trader accounts, including traditional methods like credit cards and wire transfers as well as the modern online methods like PayPal, Skrill, Webmoney and MoneyBookers. The withdrawal process only takes one working day following the completion of a simple online form, although funds may not show up in the trader’s bank account for up to 10 days depending on security processes at the bank.
What can be Expected From the HY Markets Customer Experience?
HY Markets excel at customer service, with a friendly and helpful customer service team at investors’ disposal 24 hours a day during the working week. They are multi-lingual, which enables all investors to gain access to all the necessary help and information that they need.
The HY Markets’ website offers a uniquely helpful educational section on their website, offering novices useful guidance with video tutorials, articles and glossaries in order to gain a wider understanding of the money markets.
HY Markets also offers an excellent range of live services which traders can benefit from, including live market information, up to the minute prices and the latest Reuters news reports. Traders can also get direct SMS alerts to their mobile phone. HY Markets’ charting systems and tools help to give their investors an edge in the market.
Why Should I Choose HY Markets for my Forex Trading?
There are several benefits on offer to any investor who chooses to use HY Markets as their trusted Forex broker. These include:
- A good selection of trading platforms, with user friendly interfaces
- Reliable and secure broker services benefiting from FCA registration
- Various leverages on offer to traders who have opened different levels of account
- HY Markets offer a high quality, experienced and multi-lingual customer service team available 24 hours a day on weekdays.
- Streamlined and efficient withdrawal and deposit systems with many methods available.
- Opportunity to trade a range of assets through the HY Markets trading platforms including commodities, precious metals, indices and stocks
- Helpful and useful education resources offered on the website to assist novice investors to gain a competitive edge in the market