hymarkets

Based on HYMarkets reviews, the list of available products include FX, metals such as gold and silver, commodities such as oil, cotton and natural gas, indices and stocks. All products are accessible with one easy-to-use trading account.

Registration

In order to sign up with the broker, you need overall about couple of minutes in order to complete 3 easy steps. There is an online form that needs to be filled, receive the confirmation email and send the required documents (not necessary at the same day of registration).

Within 21 days of account opening, the following documents have to be sent to the broker:

Copy of passport or National ID card
Proof of address ( can be a bank statement or utility bill)
If credit card is used, a photocopy of the front of the card is needed

Account Types

Practice with demo account suitable for both beginners and professional traders who wish to test their strategies.

Mini Account requires minimum of $50 deposit and offers 300:1 leverage with the lowest spreads of 1.8 pip. Mini accounts are a great choice for smaller positions with lower risk amounts.

Standard Account requires the minimum deposit of $750 and up. The available maximum leverage is up to 300:1 and the spreads start from 1.8 pips on major currencies. This account is suitable for investors with some basic experience in the financial industry.

Premium Account can be opened with the minimum of $2,500 and offers leverage up to 300:1. With regular contract sizes, the lowest spreads start from 1.8 pips on major currency pairs. Premium account is best for investors with advanced trading needs.

HY Pro Trader Account requires the minimum of $10,000 and is designed specifically for trading high volumes with fast interbank pricing and deep liquidity. The account uses STP (straight through processing) and no dealing desk system. The maximum leverage in this case is 100:1 and minimum spreads start from 0.5 pip on major pairs.

Payments

Minimum deposit requirement is $50. In order to fund your trading account or withdraw the money the following payment methods are accepted – Credit Cards, WebMoney, Skrill (Moneybookers), Paypal and Wire Transfer.

Trading Platforms

HYMarkets provides multiple trading platforms in download, web-based and mobile versions for devices such as iPhone, iPad and Android.

HY Webtrader – Online Platform

The platform adopts user-friendly interface with real time streaming prices. All the necessary tools and widgests including integrated charting, news and calendar are imbedded into one place.

HY MT4 Download – MetaTrader 4 Platform

One of the leading trading software with live tradable prices, advanced trading tools and charting, market analysis and endless indicators and expert advisors.

HY MT4 Webtrader – MetaTrader 4 Online

Access your metatrader 4 account on any web browser, no download required. The platform maintains complete functionality and advanced features of the original software.

HY Markets MT4 Mobile

Stay on top of your trading day from any mobile device with MetaTrader 4 mobile version. Live prices and complete trading capabilities with advanced tools and charting are syndicated with your desktop MetaTrader 4 platform.

HY Pro – Downloadable Platform by Currenex

The platform is designed for high volume trades with fast interbank pricing, no dealing desk and straight through processing (STP). The platform can easily handle multiple orders and brings you the latest real-time news, chart trading and overall market technical and fundamental analysis.  HY Pro is also available in mobile version for traders on the go.

Trading Conditions

The maximum leverage is up to 300:1. Spreads start from 1.8 on major currency pairs such as EUR/USD. For complete specification of the products, please refer to the HY Markets official website. There are pdf files with complete list of spreads and products available for all types of the accounts.

Resources

HYMarkets reviews the available free trading education available on their website and one on one tutoring support suitable for newbies. Market information including live prices, reuters news, sms alerts, technical analysis and charting systems, is there to give traders competitive overlook on the latest financial development and their impact on the market conditions.

HYMarkets provides access to the trading signals, including technical patterns and insights, market research and other useful information from the world’s largest banks.

Support

Customer support is available 24/5 during the trading hours via phone, email or online chat, including VIP services for experienced traders. The support team is fluent in English, Arabic, Chinese and Russian. 

 

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