HY Markets Review for 2019

HY Markets Rated 4/5

HY Markets Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of HY Markets we break down the pros and cons. What HY Markets are able to offer, what countries HY Markets are available in. Who HY Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open HY Markets's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to HY Markets

With this review we hope to help you see if HY Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding HY Markets that will help you get off to a good start in the world of online trading.

HY Markets what you should know

HY Markets offer two ways to trade: Forex, CFDs.

With HY Markets you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with HY Markets platform.

HY Markets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are HY Markets safe?

When choosing a broker like HY Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1977, and in operation for 42 years HY Markets have a head office in UK.

HY Markets is regulated. This means HY Markets are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to HY Markets, this will be honored. If HY Markets violate any regulatory rules their regulated status could be stripped.

Any payments funded to HY Markets accounts by traders are held in a segregated bank account.

For added security HY Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with HY Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit HY Markets

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 1977
  • Regulated by Financial Conduct Authority
  • Min. deposit from $1

What we don't like

HY Markets General Fees

  • HY Markets withdrawal fees varies on payment method
  • HY Markets does charge inactivity fees

HY Markets Commissions

  • HY Markets doesn't charge commission on CFD shares

What can you trade with HY Markets?

You can trade a wide variety of instruments with HY Markets over 100 instruments infact.

If you are looking at trading currency pairs HY Markets offer over 40 currency pairs.

Compare HY Markets with Plus500 and XTB below.

Losses can exceed deposits

FX / Currencies HY Markets Plus500 XTB
# of forex pairs offered 40 100 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs HY Markets Plus500 XTB
# of commodities offered 10 17 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs HY Markets Plus500 XTB
# of Stocks offered 10 1816 1500
UK Shares No Yes Yes
US Shares Yes Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
HY Markets's
Instruments
Plus500's
Instruments
XTB's
Instruments

Trading on HY Markets web platforms and other applications

HY Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

HY Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See HY Markets's platforms

HY Markets Trading benefits :

  • Allows scalping
  • Allows hedging
  • Low min deposit

HY Markets Trading Accounts offered:

  • Micro account
  • Mini account
  • Standard account
  • Islamic account

Can I try HY Markets before I buy?

HY Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do HY Markets accept?

HY Markets offer the below funding payment methods. learn more about HY Markets

  • Credit cards
  • Bank Transfer
  • PayPal
  • Payoneer

How can I start trading with HY Markets?

When opening a trading account with HY Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on HY Markets trading platforms here.

Performing trades with HY Markets

With HY Markets, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, HY Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Support at HY Markets

HY Markets support a wide range of languages including English, Chinese, Chinese (Traditional), Arabic, and Russian

HY Markets have a triple AAA grade support rating because they offer a wide range of languages, live chat and email support.

What you will need to open an account with HY Markets

As HY Markets is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore HY Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with HY Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.hymarkets.com/ on 12th August 2018.

HY MARKETS Frequently Asked Questions

Can I try HY Markets before I buy?

HY Markets do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do HY Markets accept?

HY Markets offer the below funding payment methods accept Credit cards, Bank Transfers, PayPal, Payoneer, among other payment methods.
Learn more here

Losses can exceed deposits

How can I start trading with HY Markets?

When opening a trading account with HY Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on HY Markets trading platforms here.

Is my money safe with HY Markets?

HY Markets is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like HY Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to HY Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.