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HYMarkets Review

Forex Broker Visit Website Rating
  • Company Name: Henyep Capital Markets (UK) Limited
  • Founded: 2006
  • Trading Platform: MT4, MT4 Mobile, Webtrader
  • Maximum Leverage: 300:1
  • Minimum Deposit: 50 USD
  • Spread (for major currencies): 1.8 pips (during normal market conditions)
  • Promotions:
  • Regulation: FSA
  • Main Headquarters: London, United Kingdom
  • Payment Methods: Credit/debit cards, Moneybookers, PayPal, WebMoney, Wire transfer

HYMarkets is a Forex Broker with main headquarters in London, United Kingdom and it’s managed by a company with good reputation.

General Information

HYMarkets is online since 2006 but the company behind this broker – Henyep Investment (UK) Limited – was founded in 1977. The company is regulated in UK by FSA (186171).

HYMarkets uses different trading platforms: MetaTrader 4, HY Markets Webtrader, MT4 Mobile. MT4 is a well known forex trading platform so the majority of traders are used to it.

Broker Features

This Forex Broker offers three account types:

  • Mini forex trading account with a minimum deposit of $50, a maximum leverage of 300:1, 1.8 pip spreads, 1/50 premium contract
  • Standard forex trading account with a minimum deposit of $750, a maximum leverage of 300:1, 1.8 pip spreads, 1/10 premium contract
  • Premium forex trading account with a minimum deposit of $2500, a maximum leverage of 300:1, 1.8 pip spreads, regular contract size

1.8 pip spreads are during normal market conditions.

Conclusion

With $50 you can trade on a real forex trading account at HYMarkets so it is easy to see how their trading platform works. However, the spread is not fixed – 1.8 pips in “normal market conditions”. I don’t know how these “normal” markets conditions are established. Beside that, this Fore Broker looks good. I hope you found my HYMarkets Review useful and I ivinte you to share your experience with this broker by adding a comment bellow.

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