HY Markets Rating, Review HY Markets

HY MARKETS RATING REVIEW

-FOREX BROKER RATING {75.4%}

HYMarkets is a member of the Henyep Group (UK) which is a huge financial and real estate Group with over 30 years of operation. HYMarkets is based in London, UK but it maintains also offices in UAE and Hong Kong. It is regulated by FCA UK but it is also registered with SFC in Hong Kong and with the DFSA in Dubai.

HYMarkets operates as a STP Forex broker offering 36 Forex pairs plus many indices, shares, energies, metals and soft commodities. The spreads offered by HYMarkets are not very tight but you may take advantage of rebates that may limit your trading cost. There are three (3) trading platforms available including Metatrader-4, WebTrader and HY Pro Trader. There are also mobile versions of MT4 for all popular mobile devices.

Capital leverage can be up to 300:1. As concerns the account types, the Mini account can be opened with as low as $50 and you may fund your account via Cards, Skrill, Bank Wire, Webmoney and PayPal. The Standard account starts at $750 and the Premium account starts at $2,500. There is also the Pro Trader account designed for professional / institutional traders that starts at $10,000. The spreads for this account types start at 0.5 pips. As concerns refunds, all withdrawal requests are processed promptly, and the whole withdrawal process is fast given that all legally required documentation has been provided by traders.

The HYMarkets customer support operates 24/5 via live chat, phone, fax and email. The support is multilingual including languages such is English, Arabic, Russian, Chinese, Hindi, and Urdu. HYMarkets offering include free trading education, daily market analysis, SMS alerts and 1-to-1 trader support. There are also VIP services for professional traders. The welcome bonus is currently 25% for new clients and you may even withdraw it after trading it several times. In overall HYMarkets is a very good choice for all Forex / CFD traders except Forex scalpers. Maximum security of money, wide asset index and fair trading terms.

HY Markets Trading Platforms

  • Minimum Account: 50USD
  • Fund Methods: Cards | Bank Wire | PayPal | Skrill | WebMoney
  • Account Currencies: USD
  • SWAP-Free Accounts: Yes
  • Platforms: MetaTrader4 | WebTrader | HY Pro Trader | MT4 Mobile Apps for Android, Windows and iPhone
  • Forex Index: HY Markets offers 36 Forex pairs
  • MetalsGOLD VS USD | SILVER VS USD | GOLD VS EUR | SILVER VS EUR | COPPER
  • Energy: US OIL | BRENT | NATURAL GAS
  • Commodities: Coffee | Sugar | Cotton | Cocoa
  • Indices: US500 | US100 | US30 | UK100 | GERMANY 30 | JAPAN 225 | HONG KONG 50 | CHINA H-SHARES
  • Shares: 12 major shares listed on NYSE and US INDEX 100 {Apple, Dell, Google, Intel, IBM, American Express, AT&T, Bank of America, Coca-Cola, Exxon Mobil, Goldman-Sachs}
  • Customer Support: 24/5 via Live Chat, Phone, eMail, Callback
  • Support Languages: English | Arabic | Chinese | Russian | Hindi | Urdu

Free Web App for Creating and Using Custom MT4/MT5 Indicators

Here is the HY Markets Rating Summary

» HY MARKETS WEB

HY MARKETS RATING SUMMARY  
Based on the Main Rating Table (MAX 100%)
A. HY MARKETS FUNDS SAFETY 89.8%
B. HY MARKETS TRANSACTION COST 50.0%
C. HY MARKETS TRADING OPTIONS AVAILABLE 92.3%
D. HY MARKETS TECHNOLOGY 70.0%
Overall HY Markets Rating 75.4%
RATING PER TRADING EXPERIENCE  
Based on HY Markets Sub-Formulas (MAX 100%)
Forex Beginners 75.1%
Advanced Forex Traders 70.5%
Professional Forex Traders 65.7%
Overall HY Markets Rating 75.4%


» HY MARKETS NEW ACCOUNT REGISTRATION

 

HY MARKETS FULL RATING REVIEW

This is the full HY Markets Rating Report using the Rating Formula v4.1 (under authorization)

HY MARKETS FOREX RATING REPORT    
HY MARKETS TOTAL RATING   100.0% HYMarkets Broker
      75.4% ANALYSIS
A. HY MARKETS FUNDS SAFETY MAX WEIGHT 26.0% 23.4% HY Markets Safety of Funds Rating
A.1 HY Markets Regulation FSC (BVI) = 1.0% rating | CYSEC (Cyprus) = 3.0% rating | FFMS (RU) = 3.0% rating | RAFMM (RU) = 3.0% rating | CBI (IR) = 4.0% rating | ASIC (AU) = 4.0% rating | FSC (NZ) = 4.0% rating | FSA (UK) = 6.0% rating | BAFIN (GE) = 6.0% rating | NFA (US) = 6.0% rating | CFTC (US) = 6.0% rating | FINMA (SW) = 8.0% | and MiFID (EU) = +4.0% rating 12.0% 10.0% Regulated by FCA UK = 6.0% rating and MiFID (EU) =+4,| Total rating = 10.0%
A.2 HY Markets Headquarters Offshore Countries = 0% | Cyprus and similar = 2.0% rating | Spain, Italy and similar = 3.0% rating | Australia and similar = 4.0% rating | USA, Germany, UK, Switzerland and similar = 5.0% rating 5.0% 5.0% Headquarters base in London, England = 5.0% rating
A.3 HY Markets Years of Operation 0-1 Years Operation = 0 % rating | 2-5 Years Operation = 2.0 % rating | 5-10 Years Operation = 4.0 % rating | 10+ Years Operation = 5.0 % rating 5.0% 5.0% Foundation in 1978, the brand went online in 1999 | more than 10 years of operation = 5.0% rating
A.4 HY Markets Client Bank Account Segregation Yes Provided =  2.0 % rating | No it isn't Provided = 0.0 % rating 2.0% 2.0% Segregated Client Bank Accounts = 2.0% rating
A.5 HY Markets Web Ratings (Used for differentiating rating results) EarnForex Rating = 1.0 % rating | ForexPeaceArmy Rating = 1.0 % rating 2.0% 1.4% ForexPeaceArmy = 2.5 / 5.00 | EarnForex= 8.6 /10.00 | Total 1.36% rating
A.6 (+) HY Markets ADJUSTMENTS        
A.6.1 Company Size Factor 1+ Million of Active Traders = +1.0 % rating 1.0% 0.0% No = 0%
B. HY MARKETS TRANSACTION COST MAX WEIGHT 28.0% 14.0% HY Markets Transaction Cost Rating
B.1 HY Markets EURUSD Spread < 0.3 pip = 8.0% rating | <0.4 pip = 7.5% rating | < 0.5 pip = 7.0% rating | <0.6 pip = 6.5% rating | <0.7 pip = 6.0% rating, | <0.8 pip = 5.5% rating | <1.0 pip = 5.0% rating | < 1.25 pip = 4.5% rating | < 1.5 pip = 4.0% rating | <1.75 pip = 3.5% rating | >2 pip = 3.0% rating | < 2.5 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% rating 8.0% 3.0% EURUSD at 1.8 pip = 3.0% rating
B.2 HY Markets GBPUSD Spread < 1.0 pip = 5.0% rating | <1.25 pip = 4.0% rating | < 1.5 pip = 3.0% rating | < 1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.25 pip = 1.5% rating | < 2.5 pip = 1.0% | < 3 pip = 0.5% 5.0% 0.5% GBPUSD at 2.6 pips = 0.5% rating
B.3 HY Markets USDJPY Spread < 1.0 pip = 4.0% rating | <1.25 pip = 3.5% rating | < 1.5 pip = 3.0% rating | <1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% 4.0% 1.0% USDJPY at 2.4 pips = 1.0% rating
B.4 HY Markets Trading Commissions Charged No Commissions = 7% rating | Commissions < $5 / lot = 3% rating | Commissions < $8 / lot = 1% rating | Higher Commissions = 0% rating 7.0% 7.0% No trading commissions {tested account} = 7.0% rating
B.5 HY Markets Funding Commissions No Funding Fees = 2.0 % rating | Yes = 0 % rating  | One Free Withdrawal Per Month = 0.5 % rating 2.0% 1.0% Withdrawal fees only in special cases {50% of rating points} = 1.0% rating
B.6 HY Markets Maintenance / Inactive Fees No Maintenance / Inactive Fees = 2.0 % rating | Yes Maintenance / Inactive Fees = 0 % rating 2.0% 0.0% Inactive Fees are charged (After 3 months of non-activity, $25 fee) = 0.0% rating
B.7 (+) HY Markets ADJUSTMENTS        
B.7.1 HY Markets Execution ECN / DMA Execution = +2.0 % rating | STP Execution = +1.5 % rating | Dealing Desk Execution = +0.0% rating 2.0% 1.5% STP Forex Broker Operation = +1.5% rating
C. HY MARKETS TRADING OPTIONS AVAILABLE MAX WEIGHT 26.0% 24.0% HY Markets Trading Options Rating
C.1 HY Markets Index of Forex Assets 45+ Forex Pairs = 8.0% rating | 40+ Forex Pairs = 7.0% rating | 35+ Forex Pairs = 6.0% rating | 30+ Forex Pairs = 5.0% rating | 25+ Forex Pairs = 4.0% rating | 20+ Forex Pairs = 3.0% rating | 15+ Forex Pairs = 2.0% rating | 10+ Forex Pairs = 1.0% rating | Less than 10 Forex Pairs = 0% rating 8.0% 6.0% Asset Index containing 35+ Forex pairs = 6.0% rating
C.2 HY Markets CFD Trading Yes CFD Trading = 2.0 % rating | No CFDs = 0.0 % rating 2.0% 2.0% CFD trading is available = 2.0% rating
C.3 Availability of Free Demo Account Yes = 2.0 % rating, No = 0.0 % rating 2.0% 2.0% Demo / Practice account = 2.0% rating
C.4 HY Markets Capital Leverage Leverage > 100:1 = 2.0% rating | Leverage > 75:1 =1.5% rating Leverage > 50:1 = 1.0% rating 2.0% 2.0% Capital Leverage up to 300:1 = 2.0% rating
C.5 HY Markets Promotions   6.0% 6.0%  
C.5.1 HY Markets Welcome Bonus (%) Welcome Bonus >50% = 6% rating | Welcome Bonus >40% = 5% rating | Welcome Bonus >30% = 4% rating | Welcome Bonus >20% = 3% rating | Welcome Bonus >15% = 2% rating | Welcome Bonus >10% = 1% rating   3.0% 25% Welcome Bonus = 3.0% rating | Traders can withdraw their bonus (100% of rating) | Total = 3.0% rating
C.5.2 HY Markets Trading Rebate (%) Trading Rebate >30% = 6% rating | Trading Rebate >25% = 5% rating | Trading Rebate >20% = 4% rating | Trading Rebate >15% = 3% rating | Trading Rebate >10% = 2% rating | Trading Rebate >5% = 1.0% rating   3.0% $3 rebate to traders = 3.0% rating
C.6 HY Markets Minimum Account Min Account < $500 = +1% rating | Min Account < $1,000 = +0.5% rating 1.0% 1.0% Minimum Account is just 50 USD = 1.0% rating
C.7 HY Markets Deposit Methods For every available deposit method = 0.5% rating max = 5 methods 2.5% 2.5% More than five (5) methods = 2.5% rating
C.8 HY Markets Withdrawal Methods For every available withdrawal method = 0.5% rating max = 5 methods 2.5% 2.5% More than five (5) methods = 2.5% rating
C.9 (+) HY Markets ADJUSTMENTS        
C.9.1 Asset Index with more than 100 Forex Pairs Yes more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.0% No = 0%
C.9.2 Interest on Unused Funds Yes Interest on Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.0% No = 0%
C.9.3 HY Markets Contests / Championships Yes Available = 0.25 % rating | No = 0 % rating 0.3% 0.0% No = 0%
D. HY MARKETS TECHNOLOGY MAX WEIGHT 20.0% 14.0% HY Markets Technology Rating
D.1 HY Markets Trading Platforms Availability For every Trading Platform = 1.0% rating max = Five (5) platforms 5.0% 4.0% Four (4) trading platforms (MT4, Webtrader, MT4 WebTrader and RPO Trader)  = 4.0%
D.2 HY Markets Slippage on Execution Slippage  < 0.5 pip =  4.0% rating | < 0.75 pip =  3.5% rating | < 1 pip = 3.0% rating | < 1.25 pip =  2.5% rating | < 1.5 pip = 2.0% rating | < 1.75 pip =  1.5% rating | < 2.0 pip = 1.0% rating 4.0% 1.0% Below 2.0 pips = 1.0% rating
D.3 HY Markets Allowance of Automated Trading Yes it is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.0% Expert Advisors are allowed = 2.0% rating
D.4 HY Markets MT4 Platform Availability Yes it is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.0% MT4 is available = 2.0% rating
D.5 HY Markets Mobile Trader Availability For every Mobile Device = 0.50 % rating, max = Four (4) mobile devices  2.0% 1.5% MetaTrader-4 App for iOs, Android and Windows = 1.5% rating
D.6 HY Markets Scalping / Hedging Allowance Yes to both = 1.0 % rating | Only Hedging or Scalping = 0.5% rating | No to both = 0 % rating 1.0% 0.5% Only hedging, not scalping = 0.5%
D.7 HY Markets Customer Support 24/7 Customer Support = 1.0 % rating | 24/6 Customer Support = 0.5 % rating | 24/5 Customer Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0 % rating | Skype support = 0.5 % rating | Call-Back = 0.5 % rating 4.0% 3.0% 24/5 support via eMail=1.0%, Phone=1.0%, Live Chat=1.0%= Total 3.0% rating
D.8 (+) HY Markets ADJUSTMENTS        
D.8.1 HY Markets PAMM / MAM Accounts Yes PAMM / MAM = 0.5% rating | No = 0 % rating 0.5% 0.0% No = 0%
D.8.2 HY Markets Availability of API Trading Yes to API trading = 0.5 % rating | No API trading not available = 0.0 % rating 0.5% 0.0% No = 0%
    TOTAL HY MARKETS RATING  75.4%   

 

HY Markets Licenses and Authorizations

(1) Henyep Capital Markets (UK) Limited which owns HYMarkets is authorised and regulated by the Financial Conduct Authority (FCA) under the company number 186171

(2) Henyep Capital Markets (UK) Limited which own HYMarkets is obligated to segregate all client funds on a daily basis and hold these funds in a separate account held at a bank approved by FCA.

(3) Markets customers benefit from the FCA's FSCS scheme. FSCS is the UK's compensation fund of last resort for customers of financial services firms authorised by the Financial Conduct Authority (FCA). This means that FSCS can pay compensation under the protected investment business scheme to consumers if an authorised financial services firm is unable, or likely to be unable, to pay claims against it and so is in "default." Funds under the protected investment business scheme are limited to a maximum of £50,000.00 per customer. The Scheme is set up mainly to assist retail individuals, although smaller businesses are also covered

(4) Moore Stephens operate as HYMarkets independent external auditors

 

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HY Markets Rating -Review HY Markets

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Note: The above HY Markets Rating was made using the TradingCenter Rating Formula v4.1 under authorization

Rating Formula Concept by George M. Protonotarios, MSc “International Banking and Finance”