HY Markets Reviews – Forex Trading
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Y Markets is for investors who are searching for ways to invest in the world’s capital market. HY Markets has global headquarters in London. HY Markets Forex is part of Henyep Group which offers diversified forms of business that covers financial services, property, education and charity. Henyep Group of Companies are registered and authorized in these major cities of the world namely Dubai, Hong Kong and London. HY Markets covers three continents and 20 countries spread throughout the world. As a client this assures you that you are investing with a secured global institution.
HY Markets Forex has operated for the past 30 years and is said to be the one of the first choice for investors like you
If you are concern about its reputation, HYMarkets is regulated by the Financial Services Authority of the United Kingdom. Furthermore, HY Markets review says that HY Markets Forex is also regulated by the Securities and Future Commission( Hong Kong) as well as the Financial Conduct Authority governing the United Kingdom.
HY Markets Forex has operated for the past 30 years and is said to be the one of the first choice for investors like you. HY Markets review says that the years of experience have enable HYMarkets to develop a first of its kind web based internet that allows you are client to invest in all major capital markets with the use of just one interface.
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Review
HY Markets Review
Unlike Forex only providers, this company allows you as their client to trade in multiple capital markets which is not confined to one or two types of products alone. In fact, this market maker allows you to trade using metals like gold and silver. You can also choose to trade using energy products like natural gas or US oil. Still, there are a lot of options available to trade with like commodities such as sugar and cotton. If you think that this is everything that you can trade with you can actually trade blue chip stocks and much more with the help of this investment company.
This company has narrowed and identified the list of the fastest growing retail investment products in the world market today. No wonder, reviews divulge that millions of investors are trading in these various markets to earn from their well-placed investments. Best of all you can simply browse on the different markets and see the products price directly on your computer or mobile phone. It is clear why this market is a world leader.
HY Markets was voted as best trader for having the capability to protect you as an investor under their Financial Services Protection Scheme. HY Markets keep your funds whether it is a company or client fund in the safest top tier banks in the industry today. To ensure that all of your finances are safeguarded HY Markets has appointed well renowned firm Moore Stephens as its independent external auditor. HY Markets review says this is a great way to review the reliability of this company based on third party audit of its books and records. These auditing of books is done annually and reported to the FCA to ensure that everything is done legally.
With over 30 years of operations history, HY Markets reviews says that this company has strong financial background and has the expertise that you need to handle your finances. This company is equipped with international banking standard infrastructure. You can take advantage of its facility that allows you to trade via its state of the art platforms.
HY Markets
HY Markets review dubbed this company as a market maker. As a market maker HYMarkets offers you assets in stocks, commodities and CFDs. CFDs by the way is also known as Contract for Difference. This is an arrangement between two parties involved to trade the difference between the opening and closing price of a contract. HY markets review says that HYMarkets holds the security of your fund as their client top priority. Since HYMarkets is regulated by FCA, as their client you are assured that you are protected under world leading financial jurisdiction.
Through HY Markets Forex Client Assets Rules, this requires HY Markets UK to segregate all the money due to you for each day. These funds are held by HY Markets UK in a separate account held by a bank that is approve by FCA. This instruction is followed by HY Markets UK and protects you against claims on these funds in case Henyep Capital Markets UK is liquidated. In addition to this, HY Markets review says that your money can never be use by this company in the course of their business.
This is to assure you that your funds are totally protected against such or similar untoward events both now and in the future. HY Markets review says that since HYMarkets customers like you are place under FCA or Financial Conduct Authority this means FSCS can compensate you if HYMarkets cannot or is unable to do so in the future.
HY Markets Forex
HY as a Forex Broker has offices in United Arab Emirates, Hong Kong and United Kingdom. The website for Forex is available in Arabic, Russian and Chinese. You will also get support through Arabic, Chinese and English speaking support staff. The common way to trade foreign currency with this firm is by using US dollar.
HY Markets reviews shares how you can open an account for the first time with this company. For starters, you can deposit $50 US dollars that comes with free demo accounts. After you open an account with this company you can start trading in less than 5 minutes. By the way, you can fund account using multiple options like the use of PayPal, credit cards and other kinds of options. There are four distinct account types that this company offers. These comes with a free demo account. Each account has its specific benefits and activities. For starters, Mini allows you to start with only $50 and above. Mini includes 1.8 pip spreads and 300:1 leverage.
The second type of account is Standard which starts at $750 and above. This comes with additional privileges more than what you will get from subscribing to the Mini account. Premium account starts at $2,500 that also offers additional privileges. If you are an institutional trader you can avail of HY Pro Trader account. You need $10,000 to start with this type of account. This account comes with STP ECN with no dealer desk. This also includes spreads of 0.5 pips and leverage reduced to 100:1.
According to HY Markets reviews, HY Markets Forex allows you to trade in the foreign exchange by speculating on the way each currency pairs will move against each other. You will be able to profit from this investment by watching if these currency pairs moves in the way that you predicted. HYMarkets review says that just like any foreign currency product when you trade an FX pair you can choose to buy or sell. The main principle that you use when you buy is to speculate when the first currency will strengthen against the other. Selling means you speculate whether the second currency will go stronger against the first one. HY Markets Forex just like foreign currency is one of the most widely traded product in the world.
HYMarkets review reveals that forex has grown from being $500 billion dollars in the late 1980s into almost $4 trillion industry as of today. HY Markets Forex allows you to take advantage of this phenomenal growth. On top of this, HY Markets Forex will allow you to use the availability of foreign currency exchange market since this is usually open 24 hours a day. HY Markets Forex gives you that privilege to take advantage of the rise and fall of prices. To be fair, HY Markets Forex did not hid the fact that when you invest in Forex or CFDs this comes with word of warning. Both of these are known as leverage products that carry a high level of risk. There is a possibility that you will lose your capital. HYMarkets review says that if you are not sure that you can handle this risk then steer clear from this investment.
HY Markets Pros
Why not trade with a world leader when it comes to all kinds of capital markets? Aside from foreign exchange you can also trade metals like gold and silver. That is not all, you can also trade energy products like natural gas, commodities, stocks and US oil all in just one account. How convenient is that? Trading with a totally transparent and secured financial company you are secured in the knowledge that your investments are well-protected. This company even offers transparent deposit and withdrawal policies. The web based version is specifically designed for new traders since this is what supports the mini foreign currency account. The platform also includes basic charting, analytical tools and no-nonsense straightforward interface. Traders without enough experience will likely receive disclaimer during the registration process which comes with the insufficient and knowledge warning.
This firm cautions these new and inexperienced traders to learn some of the basic skills that are required to be able to trade with ease. This is why it is advisable to learn a bit before trying out to venture through this system. Although some observers say that the educational section for this firm is not that comprehensive and that it lacks some of the basic features that you might need as a new trader. Having a good list of terms explained can make a difference in bridging the gap between understanding the system well or not. Their system allows you to trade using your mobile device like Android, iPad or iPhone. The system is so simple that it is easy to use it. If you are new at this, you can start with its web trader system even if you have no previous experience with this type of system.
Later on with the educational materials, enough training and customer support you will be able to upgrade with ease into MetaTrader 4 and use it with ease since it is really a good platform to have if you are serious about trading. You will receive bonus for each $1000 deposit that you make on this platform. You can even ask the help of their expert accounts manager who can give you an idea how to access the central trading system. You can also learn useful strategies and get a direct advice from these account managers. Aside from this, the firm offers significant support by providing you with training materials. As a trader, you will not be force to provide your physical address. The registration only requires your name and phone number. After the registration process you can click which source of fund you will take your funds from. You can avail of Mastecard, Visa, bank transfers and even PayPal.
It does not get better than this, you can get support via customer support staff either by phone, email or chat. These customer support team is available 24 hours, 5 days a week to cater to your needs. To prove that they are after your welfare, you can even get help through their support staff via local languages. If you wish to email your question to the specific department that will take care of your specific needs you can do so. The firm post this information on the Contact Us page. This is helpful since the email will be taken care of somebody who is in charge of that specific query and has the knowledge and expertise to reply to these needs. Emails will take more time to get a response from however, live chat support compensates for it since you can get your questions answered promptly.
As an experienced trader you can avail of their personalized VIP services. This comes with free trading education and one-on one support which is quite helpful especially if you are new in this kind of investment. You will also get updates about the market as well as the condition that it is in. As valued client you will receive SMS alerts, timely market information. You also get advanced charting systems as well as technical analysis tools to help you especially if you are new to this type of investment and industry. This firm does not guarantee slippage nor stop loss orders. This firm wants to be truthful in the best possible way to you as their client. Some other companies that offer the same services might try to guarantee this even when the market conditions are volatile but, this company does not want to cover this truth therefore it decides to reveal this facet of the business.
The systems used by this company lets you check your open positions, equity and P&L online 24 hours a day. This is beneficial especially if you are an HY Webtrader or the HY MetaTrader MT4 download platform. These trading platforms are based on the popular MetraTrader series that allows you to trade anywhere as long as you have internet access be it anywhere in the world. The platform that this firm uses as the same appearance as the industry MT4 platform. There is a minor difference though. This firm uses a completely web based platform that will not require downloading on you as a trader. As a result, shifting from the traditional MT 4 trading platform into theirs is a breeze. When it comes to withdrawals, you can always rely on this firm to release your money however, it might take some time to do so given that this firm has a large number of clients. The average number of days before you can get your money is after 5 to 7 working days.
HY Markets Cons
HY Markets review says that one of the setbacks of having your money held in a segregated fund is that these are pooled together in a bank account. The account is protected against misuse by HYMarkets however, according to HY Markets review in the event that a bank default happens you will also share with the shortfall. However, payments against protected investment business scheme under FCA limits a maximum of £50,000.00 per customer.
In some cases, this firm will extend leverage as high as 400:1 but to be fair, they have already advised you against this extended leverage since this increases losses and enhance gains so actually what you viewed as a losing position is actually advantageous in the long run. However, there are some complaints about having no automatic welcome tutorials which are especially useful for newbies.
There are some people who posted unreal negative feedbacks against this firm. This only shows that you have to read all of the reviews written about this firm before believing the words written. Based on the information that you are given about this firm, the unbiased reviews coming from real users; you will be able to make a wise decision whether to avail of their service or not.
Some users say that they do experience lagging issues but to be fair they believe that these issues will resolve by itself given time. This belief is rooted on the observance that this company tries it’s very best to provide great services, comfort and profit to you as their client. These clients suggest for this firm to adapt less overloaded contents such as graphics and the use of minimal data transfers to avoid these lagging issues. Some of these feedbacks coming from users say that the pages are loaded with ads, banners and similar displays that this makes it hard to proceed. These are disturbing pop-ups that does not show any information connected to the transaction. Clients tend to overlook such minor issues since they know that these will soon be taken care of just like the other issues that they ask for assistance with.
Some issues are about miscommunication however, the issue is resolved quickly. Communication between two people who don’t speak the same language can really be an issued. Miscommunication issues is bound to happen. The best solution that this firm provided is to offer the assistance of somebody who speaks the same language. It all boils down to the fact that this firm takes complaints about customer service issues and complaints seriously. They try their best to please their customers. With 30 years of service and a good track record to boot. This firm and the service that it provides will stay.
Conclusion
According to HY Markets reviews, this firm has established a good reputation in this industry for offering excellent and professional service. This company is dedicated to give you the best services there is in this industry. If the best is what you are looking go with HY Markets. With such a low minimum deposit requirement, this makes it easy for beginners to trade with this firm. This is a valid option for new traders who are searching for ways to test this platform first before investing a substantial amount of money. HY does offer significant better trading conditions for its premium traders. If you would like to do trading and enjoy the benefits that you will get from it better try to avail of what this firm has to offer. The reviews and feedbacks coming from real users of this platform will show you if this broker is for you. As the saying goes “if the shoe fits wear it”.
As an investor, HY Markets provides you with an efficient and direct access for all of your trading needs all under one roof. Give HY Markets a try and you will find how trading is when you are under the security of an FSA regulated company like this. HYMarkets reviews says that if you want to trade with a market leader who can provide you with access to foreign exchange and capital markets then go with HYMarkets. The HYMarkets review speaks for itself. Investors or potential investors like you have all agreed that the products and services offered by this company can help you earn a good amount of money. HYMarkets review also validates that your financial assets and funds are protected against setbacks both now and in the future.
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