Response from customer support is speedy and the friendly representatives are full of useful information.
They offer extensive support materials and have 30 years of service in the industry. HY Markets has a reputation for excellence and professionalism. They are well regulated and invested in client security. A low minimum deposit and standard trading platform makes HY Markets a good option for new traders and strong benefits are available for premium traders. Their trading platform is slow, really slow compared to other similar trading platforms. I get that the integration of multiple products into one platform may lead to performance hits to the platform but this is just plain ridiculous.
The sad part is, when you decide to voice your concerns to customer support, they tend to lag behind as well. Ay Caramba! I found it quite cumbersome to trade in different platforms so HY Markets was really heaven-sent, as it allowed me to trade in multiple products including commodities, stock, forex and precious metals.
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Not only is it a well-established broker it is also regulated by multiple international bodies. The best part is, they deal only with top-tier banks, making sure that all your deposits are in the safest possible hands. Honestly, I actually believe that HY Markets is among the top-tiered brokers in the market right now. With its pedigree and decades-long operation, it is really one of the best brokers out there.
Sadly though, they are not as beginner friendly as I would have liked. Not only are their education materials rather few in quantity, their commissions are also pretty steep, but hey at least their services are good.
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Aside from being a stable and reliable broker, what I really appreciate in the services of HY Markets is their personalized client support system where they assign an account manager to each of their traders. Favorite 1. Open Account.
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Most traders have given a serious thought to the security HYCM has developed a comprehensive partnership program which creates excellent earning opportunities for webmasters, online businesses Unlike forex only providers, HY Markets allows the clients to gain exposure to multiple capital markets, thus allowing investors to develop a diverse portfolio from a single integrated account You can earn the cash rebate on all account types: mini, standard and premium, provided you have traded through your HY Webtrader or HY MT4 account A state-of-the-art web-based trading platform that can be accessed by any Internet browserNow only from HY Markets, clients can access their MT4 download accounts from any web browser When many people think of traders, their mind immediately goes to either men on the floor wearing multi-coloured jackets or the Gordon Gecko look we all loved from Wall Street Over the past several years, technology has played a crucial role in the improvements of currency trading putting the entire mechanism behind it on steroids.
Lots of Forex brokers today are now offering web based Forex trading platforms in addition to the downloadable ones Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis.
A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. Leverage of is available for all three accounts and there is a 1.
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Leverage of up to is offered and the spread is 0. Although the benefits for all the accounts are mainly the same, it was nice to see them displayed side by side on an additional comparison accounts chart. This was certainly a nice feature. There is even a section that explains the different components of a demo account, a feature very rarely found with any other broker.
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The links are divided according to products, platforms, accounts and trade tools and just being able to click on them to get to where you want to go makes navigating a real pleasure. HY Markets offers a large number of trading assets including metals such as gold and silver, energy products such as U. And unlike most Forex only providers, HY Markets enables their clients to trade multiple capital markets in the single integrated account.
The education section of the HY Markets website offers not only standard videos but also textual lessons on topics geared towards both beginners and advanced traders. Technical and fundamental analysis is gone into in much detail and is highly informative.
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The section on the history and psychology of the markets is most interesting. In addition to the above, HY Markets offers daily as well as weekly market commentary on what is happening in the most traded commodities such as oil, gold and silver, indices, and the major currencies. The commentaries are accompanied by clear, colorful graphs.
I found the FAQ section a big sparse and was surprised to find it under the support tab. But when I opened the tab for trading hours, I was pleased to find two dropdown tabs with links that took me to the listings for the trading hours of the products available for trading. This was an unusual feature and it certainly is a useful one for those who trade in many foreign markets. HY Markets also has its own blog--blog, hymarkets.
They are written by the HY Market staff and posted on a daily basis. Many of these blogs are stock market reports but others offer insights into various financial subjects. Withdrawals can be requested by filling out an online form.
HY Markets is one of the most intuitive brokerages I have ever reviewed. Everything seems to flow perfectly from one page to the next and finding the right tab to click is easy. HY Markets has a long history behind it and the fact that it is regulated puts it one step ahead of many other Forex brokers in the industry. Hy Markets offers an abundance of features, many not found with any other broker.
The sideboard links are a great addition and makes navigating the site simple and efficient. The market commentaries and additional blogs are enlightening and informative and the textual tutorials are a pleasant change from the standard videos offered by most other brokers.