HY Markets is the brokerage arm of the Henyep Group and is based in London. A global company with subsidiaries in over 20 countries worldwide, Henyep’s interests cover education, property, and financial services. The focus of HY Markets is the provision of online brokerage services to clients across a range of markets. From a single integrated account, traders can participate in commodities, forex, metal, and stock indexes, with a wide choice of trading platforms offered by the firm. The diverse range of markets that can be traded from a single account with this broker is one of the major factors attracting clients to this particular firm.
Types of Account
HY Markets offer four different types of accounts. Aimed at traders new to forex, their Mini Account requires an opening deposit of just $50 and offers micro lot sizes. The leverage of 300:1 and the 1.8 pip minimum spreads are standard across all HY Markets accounts except the Pro Trader Account.
The Standard Account is intended for more experienced traders and has mini size lots and a higher minimum deposit of $750, while the Premium Account provides advanced analysis tools and additional resources along with regular lot sizes and a $2500 opening balance requirement.
Finally, the Pro Trader Account has a significantly higher deposit requirement, but provides very narrow spreads starting from just 0.5 pips. The leverage available is lower than all other accounts at 100:1, and smaller lot sizes are also available with this option. The Pro Account is aimed at professional traders dealing in high volumes, and provides market access through a no-dealing-desk model if required.
Trading Platforms
A choice of 4 different charting and execution platforms are offered by this broker, providing quick and direct access to financial markets from a range of devices. Developed over the course of the company’s 30+ year history, the HY Markets platforms benefit from a wealth of brokerage experience and a commitment to customer service, with each platform designed to meet the trading needs of different types of client.
HY Webtrader
HY Market’s browser based software is Webtrader. With a focus on user-friendliness and simplicity, this popular platform streams direct through your web browser to provide access to all the markets offered by the broker from one single user interface.
HY MT4 Download
MetaTrader is the industry standard platform for forex, and is a desktop application that you must download and install. With this comes a robust and reliable platform with cutting edge features that has led professional and experienced forex traders worldwide to adopt it as their platform of choice. The HY MT4 provides access to all other markets offered by this broker in addition to currency trading.
HY MT4 Webtrader
HY Markets also offer a web-based version of the MetaTrader platform that aims to replicate the functionality and design of the download without the need to install software on your computer.
HY MT Mobile
HY Markets solution for clients wishing to trade from their mobile device is the MT Mobile platform. There are in actual fact several variations of this app, each designed to work with a particular mobile device or smartphone. If you’re looking for a mobile trading solution, this offering from HY Markets should do the trick!
Security and Regulation
This broker is regulated by the FCA un the UK, and accounts with HY Markets are also protected under the Financial Services Compensation Scheme. Client funds are held in segregated accounts, and Henyep deals with liquidity providers of significant size to minimize counterparty risk. New accounts can be funded by credit card, wire transfer, paypal, or web money.
Customer Service
Each customer of HY Markets is assigned a personal account manager who is available to assist with any support queries. Customer support is available around the clock during market opening hours, with telephone, email, and online options for contact.
Types of Account
HY Markets offer four different types of accounts. Aimed at traders new to forex, their Mini Account requires an opening deposit of just $50 and offers micro lot sizes. The leverage of 300:1 and the 1.8 pip minimum spreads are standard across all HY Markets accounts except the Pro Trader Account.
The Standard Account is intended for more experienced traders and has mini size lots and a higher minimum deposit of $750, while the Premium Account provides advanced analysis tools and additional resources along with regular lot sizes and a $2500 opening balance requirement.
Finally, the Pro Trader Account has a significantly higher deposit requirement, but provides very narrow spreads starting from just 0.5 pips. The leverage available is lower than all other accounts at 100:1, and smaller lot sizes are also available with this option. The Pro Account is aimed at professional traders dealing in high volumes, and provides market access through a no-dealing-desk model if required.
Trading Platforms
A choice of 4 different charting and execution platforms are offered by this broker, providing quick and direct access to financial markets from a range of devices. Developed over the course of the company’s 30+ year history, the HY Markets platforms benefit from a wealth of brokerage experience and a commitment to customer service, with each platform designed to meet the trading needs of different types of client.
HY Webtrader
HY Market’s browser based software is Webtrader. With a focus on user-friendliness and simplicity, this popular platform streams direct through your web browser to provide access to all the markets offered by the broker from one single user interface.
HY MT4 Download
MetaTrader is the industry standard platform for forex, and is a desktop application that you must download and install. With this comes a robust and reliable platform with cutting edge features that has led professional and experienced forex traders worldwide to adopt it as their platform of choice. The HY MT4 provides access to all other markets offered by this broker in addition to currency trading.
HY MT4 Webtrader
HY Markets also offer a web-based version of the MetaTrader platform that aims to replicate the functionality and design of the download without the need to install software on your computer.
HY MT Mobile
HY Markets solution for clients wishing to trade from their mobile device is the MT Mobile platform. There are in actual fact several variations of this app, each designed to work with a particular mobile device or smartphone. If you’re looking for a mobile trading solution, this offering from HY Markets should do the trick!
Security and Regulation
This broker is regulated by the FCA un the UK, and accounts with HY Markets are also protected under the Financial Services Compensation Scheme. Client funds are held in segregated accounts, and Henyep deals with liquidity providers of significant size to minimize counterparty risk. New accounts can be funded by credit card, wire transfer, paypal, or web money.
Customer Service
Each customer of HY Markets is assigned a personal account manager who is available to assist with any support queries. Customer support is available around the clock during market opening hours, with telephone, email, and online options for contact.