HY Markets Review – is HY Markets Scam or Legit Broker?

HY Markets

2.7

Rating

2.7/5

Pros

  • Generous Loyalty Program
  • High Margin and Leverage
  • Didactic Education System

Cons

  • Promotional provides are restricted

HY Markets boasts three years of service excellence and innovative Forex trading technology. Among the greatest trading programs, HY Markets is a before all else choice for all those trying to go into the entire world ‘s funding stores.

Overview/Background

Regulated and licensed by the FCA of this UK, HY Markets relies in London and boasts three years of service excellence. Among the greatest trading programs, HY Markets is a before all else choice for all those trying to go into the entire world ‘s funding stores. Mobile use of trading at the global stores is easy to get via Android, iPad along with iPhone apparatus only at that broker.

HY Markets is fully devoted to providing superior client care and state-of-the-art-technology to newcomer and seasoned traders alike. Therefore, HY Markets comes with a premium excellent MT4 platform along side the HY WebTrader platform. Financial Conduct Authority (FCA) approval helps to ensure that the financial standards have been set up, which reports are timeously filed and sufficient capital liquidity is currently available. Each of FCA regulations adhere to individually audited reports.

Account Types

There are some account forms readily available at HY Markets, such as a Mini Account, Standard Account and also a Premium Account. Additional account kinds comprise the HY Pro Trader Account, also a Live Account, and also a Demo Account. The Mini Account is very good for traders wishing to generate a minimum deposit of 50 or even more. This specific accounts offer 300:1 leverage and 1/50 superior contracts. Additionally, there are 1.8 pip spreads with these accounts. A Standard Account will be for traders trying to deposit and also trade using $750 upwards. The leverage will be 300:1 also there clearly was really a 1/10 Premium contract. Additionally, there are 1.8 pip spreads.

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The Premium Account is very good for traders wishing to earn deposits of $2,500 upwards. There’s 300:1 leverage also there are routine arrangement sizes. Plus, you can find 1.8 pip spreads out there. The HY Pro Trader Account is ideally suitable for traders needing to carry their trading into another level. With high quantities and rapid interbank prices, this option offers high degrees of bandwidth. That really is ideal for traders trading and depositing 5,000 upwards. Impact of 200:1 is offered furthermore to Premium contract together with 0.5 pip spreads.

Trading Platform/Software

At HY Markets, traders may get multiple funding stores via multiple trading platforms. These include MT4 Mobile, MetaTrader 4, HY WebTrader, HY Pro, along with many others. The trading platforms are best for fresh and seasoned traders on the funding stores. Using multiple trading solutions readily available, HY Markets gives you userfriendly, online trading together with graphs along with different features with the world-class MetaTrader 4 applications. WebTrader is offered in an online platform and also a cellular platform. Prices flow in realtime, with numerous stores in an account.

Traders may even get into the MT4 platform using a download stage. All stores are all accessible from one account, together with graphs and charts. In addition, traders may enjoy account managers, VIP assistance and superior client services. The MT4 Mobile platform provides live tradable amounts along with also an incorporated account with online and charting account info. HY Pro is the creme de la creme of download programs that are powered by Currenex.

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At HY Markets, traders are welcome to test-drive the trading systems.

Deposit Options

HY Markets provides multiple deposit options to traders, including PayPal, Credit Cards, and Wire Transfer. Once a deposit is made, there’s deposit verification available too. Payment methods contain Wire Transfer, Visa, Visa Electron, MasterCard, Skrill and WebMoney.

Markets

A vast assortment of merchandise might be traded in HY Markets. Included in these are bluechip assets, indices, commodities, Forex and much more. Tradable shares contain famous brands WTI Crude petroleum, Brent Crude petroleum, gas, gasoline, silver, cotton, stone, Dow Jones, NASDAQ, and much more. All the planet ‘s major currency pairs have been traded, along with many minor currency pairs too. The trading platform offers quick and effortless access to your huge opportunity with numerous sorts of shares around the spectrum.

Bonuses

HY Markets offers traders up to 40 percent in bonus cash to your before all else deposit. Traders get to appreciate a free technical-analysis e-book. With a deposit total of $1000 – $2,499, traders could possibly obtain a 20% bonus. With a deposit total of $2,500 to $7,499, traders might obtain a 30% deposit bonus. And also for a deposit of $7,500 to $10,000 a deposit bonus of 40 percent is currently available. For this specific promotion the utmost that’s available is 4,000.

Another incentive deal would be that a 25% welcome bonus up to $5,000 in your before all else deposit.

Customer Support

Customer service representatives are offered in multiple regional languages. And you can find customer care professionals to VIP traders in HY Markets. The professional and friendly agents are obtained 24/5.

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Safety

HY Markets is fully governed by the FCA. As stated by the FCAs Client Asset Rules, all capital in HY Markets are analyzed in accordance with industry standards. External audits are conducted to ensure the efficacy of most financial matters. The Financial Services Compensation Scheme (FSCS) is permitted to pay for reimbursement where demanded.

Ease of Use

HY Markets is perhaps one of the very most userfriendly sites, with a vast selection of tradable options and multiple applications platforms. Every one of those tradable services and products is readily reachable, with assets, indices, commodities, commodities, oil/gas and Forex available. The simple fact there is a live account, demonstration accounts, leverage and margin makes it effortless to check the waters before you trade for a real income. The education department, support and tools options offer all essential aid to traders in this aspect.

Final Thoughts

HY Markets offers 4 programs, 3 account types and a vast selection of trade tools. The addition of a demo account (for practicing trading) and also live accounts will be welcome extras.