HY Markets Review


*** HY Markets has been re-branded as HYCM. See our updated HYCM review.

HY Markets is headquartered in London, UK, and is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom. HY Markets is a trading name of Henyep Capital Markets UK Ltd., a division of the Henyep Group, a global diversified conglomerate with over 30 years of operational history in financial services, spanning 3 continents and 20 countries world-wide. Henyep Group maintains offices in Dubai and Hong Kong.

HY Market Account Types

HY Markets offers 3 types of accounts based on trading experience--Mini, Standard and Premium. Larger accounts qualify for the VIP Personal Dealer Service which provides cutting-edge service and access to all markets.

The Mini account, which is ideal for a trader who is new to the market, requires a minimum deposit of only $50. A deposit of at least $750 opens a Standard account, suitable for traders with a bit of experience and with $2500 or more an experienced trader can open a Premium account. Leverage of 300:1 is available for all three accounts and there is a 1.8 pip spread for each of them.

The fourth account at HY Markets is the HY Pro Trader Account, a VIP account for high rollers with at least $5000 to start. Leverage of up to 200:1 is offered and the spread is 0.5 pips.

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.

A demo account with a generous amount of $50,000 in virtual funds is available for traders who wish to practice their trades before putting any money at risk. There is even a section that explains the different components of a demo account, a feature very rarely found with any other broker.


One of the nicest features at HY Markets is the ‘Quick links’ that are located in a separate column and appear on the right hand side of every page. 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.S. oil and natural gas, as well as the all-important commodities such as cotton and sugar, indices, a selection of blue-chip stocks and more. And unlike most Forex only providers, HY Markets enables their clients to trade multiple capital markets in the single integrated account.

HY Markets Products

HY Markets offers account holders use of its live updated currency converter.


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. Subject include Introduction to the Capital Markets, Tips for Traders, Managing Risk, Trading Tools and more.

Technical and fundamental analysis is gone into in much detail and is highly informative. The section on the history and psychology of the markets is most interesting.

HY Markets Charts

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.

The standard glossary of terms is also included in the education tab.

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.com--which features many interesting articles on a variety of topics. 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.


The HY Loyalty Program rewards traders for conducting their regular trading with HY Markets. When doing this HY Markets review, the broker was rewarding loyal clients with rebates of up to $3 for every lot of gold, silver or platinum traded. The trades are executed from any of the accounts and must be traded through the HY Webtrader or HY MT4 platforms. Rebates and lots in the program are accumulative and the money is deposited directly into the trader’s HY Markets trading account monthly.


Deposits are accepted via credit cards, wire transfers, Skrill, PayPal and WebMoney. Withdrawals can be requested by filling out an online form.

Customer Support

Traders can reach customer support 24/5 via email, chat and telephones to London.


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. It’s nice to have a choice of accounts and the availability of a demo account is commendable. 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.

Back to Top


Hy Markets offers an abundance of features, many not found with any other broker. Four accounts are available and the demo account with $50,000 in virtual funds is extremely generous. 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. The choice of web-based and mobile platforms makes trading easy.

Company Information

  • Broker's Name : HY Markets
  • Headquarter : United Kingdom
  • Regulation : FCA

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $50
  • Maximum Leverage : 1:300
  • Commissions / Spreads : Spread of 1.8
  • Account 1 : Mini
  • Account 2 : Standard
  • Account 3 : Premium
  • Account 4 : VIP
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Proprietary platform
    • Platform Languages :
      • English
      • Arabic
      • Japanese
      • Chinese
      • Russian
    • OS Compatibility :
      • Windows
      • Mobile
      • Web
      • iPhone
      • iPad
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Arabic
      • Japanese
      • Chinese
      • Russian
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Choice of Accounts
  • Demo Account Available
  • Several Platforms
  • Sparse FAQ section
  • Limited Bonuses

Back to Top


HY Markets provides easy access to the world’s capital markets anytime, anywhere through their web-based trading platform, industry leading MetaTrader 4, or HY MT4 Mobile platforms.

HY WebTrader

The HY WebTrader is HY Market’s simple and easy-to-use trade platform. Deposits can be made quickly by credit card and Traders can tradeForex, oil/gas, metals, commodities, indices and stocks. They can also set their risk level from a simple drop down menu without the need for frustrating calculations. All types of orders can be executed from this platform and traders have the ability to lock in their price to enable easy trade decision making.

HY Markets - HY WebTrader Platform

In addition, the HY WebTrader allows traders to view their complete trading history and account information at all times.

The HY Webtrader Mobile app has complete trading capabilities, real-time news, charts and economic calendar and is totally integrated with HY Webtrader accounts, so traders can trade anytime, anywhere from their smartphone.

MetaTrader4 WebTrader

MetaTrader4 WebTrader is another platform available for use at HY Markets. MetaTrader4 is one of the most popular platforms used in the industry today and it continues to offer a host of features.

The HY MT4 Webtrader allows clients to access their MT4 download accounts from any web browser. It has the same navigation, look and feel as the industry-leading MT4 platform with live streaming tradable prices, advanced charting tools, and real-time online account information.

HY Markets - HY MetaTrader 4 WebTrader Platform

No additional downloads are required and traders can benefit from award-winning tools as well as live news streamed directly into the state-of-the-art trading platform that can be accessed by any Internet browser.

The HY MT4 Mobile app is seamlessly integrated into the HY Trader MT4 account. Traders can view prices, monitor their account information in real-time, access charting and news feeds, and execute trades on the go from their mobile device.

HY Pro Trader

The HY Pro Trader is a high-tech institutional grade platform for professional traders who have at least $5,000 dollars in their account. Pricing is from a large number of global banks and market participants and both single or double click trading are done on live executable prices. The HY Pro Trader can be set up to enable the upmost trade efficiency and traders can benefit from convenient visual access and the ability to open, close, modify or cancel orders with ease.

HY Markets - HY Pro Trader Platform

Back to Top

User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

0 User Reviews
Add Comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Back to Top