Experience and trust make the best Forex Broker. If you are new to the market, it’s in your best interest to search around and find an old and trusted broker. Try to find a reliable broker before you venture into online trading. This will help you secure your funds and profit. HY Market is one of the best traders in the market. It’s among the oldest and holds a great reputation for its services. Following, we are going to review it.
HY Markets Company Overview
HY Markets, better known as HYCM is a trading name of Henyep Capital Markets UK Ltd. This is a subsidiary of Henyep Group, which is an international conglomerate with different business activities having a client over three continents and 20 countries.
The Henyep Group established 35 years ago, Today, it has offices in Dubai, London, Hong Kong, Cyprus and Kuwait. It’s retail Forex broker who offers to trade in different currency pairs, CFD, commodities, stocks, and metals.
HY Markets Customer Support Information
The HY Markets has won several awards for its high-end customer service. It leads with one on one direct support to its multi-level training materials which cover a wide array of topics. Users can access support 24 hours a day without any problem. Moreover, users can feel free to contact the company via phone, fax, email or the live chat. HY Markets customer service is provided in many languages including English, Chinese, Hindi and even Urdu.
HY Markets Trading Account Information
HY Markets has three different accounts. These are Micro, Standard and VIP Account. The Micro is for amateurs with a deposit bonus of $100. The leverage is 1:500 and minimum fixed spreads are 1.8. The standard account is for people who know what they are doing. It offers leverage of 1:300 and demands a minimum start deposit of $1,000. The VIP account is recommended for professionals who know exactly what they are doing. It has a minimum deposit of $10,000. All accounts offer optional Islamic account.
HY Markets Trading Features
HYCM offers a new trading platform designed according to MetaTrader 4. It offers to stop-loss guarantees with additional features and mobile access. It offers instant information on timely market briefs with advanced charting system and technical analysis tools. There is experienced bilingual support staff available via chat. Free trading signals for Standard and VIP accounts. The Platform provides basic training in investment and binary. HYCM accepts different modes of payment including credit card, wire transfer, and WebMoney.
HY Markets Trading Software
HYCM has its own Prime Trade. It’s a relatively new trading platform, but users can switch to MT4 if they like. The basic operations are undertaken in the MT4 option for user’s convenience. Along with these, the HYCM introduces some innovative trading tools and widgets that can be easily accessed from the trading platform. HYCM supports all devices and OS including PC, Mac, Smartphones, and Tablets.
HY Markets Bonus
HYCM is a generous Forex broker when it comes to no deposit bonus. It has referred- a friend scheme which depending on the initial deposit can help you win up to $250. It also offers a rebate program, but that depends on the volume of trading.