HY Markets

A low minimum deposit and a comfortable beginners’ trading platform makes HY Markets a valid option for new traders or those who are looking to test the water before investing substantial sums. On the other hand, HY Markets offers significantly better trading conditions for its premium traders, so if you do choose to continue trading with this broker, you may find yourself thoroughly enjoying the benefits. Read more in our HY Markets review to determine if this broker is right for you. General Information Founded in: 2006 Headquarters: London, United Kingdom Maximum leverage: 200:1 Minimum deposit: $50 Minimum deal size: 2,000 Languages available: English, Arabic, Chinese and more* *Traders who download the MT4 platform can choose from 28 languages Regulation: FSA Email from HY Markets (Click image to enlarge) Ease of Use Registering as an HY Markets user is among the quickest processes of any broker registration that we tested. Users need not provide any of the personal information requested by other brokers such as FXCM or Forex.com. Traders are asked for their name and phone number, but need not supply a physical address. After a 1-page registration, users can visit the HY Trader or fund their account via Mastercard, Visa, PayPal, bank transfer or IPS. Traders who have little or no trading experience will receive an extra disclaimer during the registration process (appropriately called the Insufficient Experience and Knowledge Warning), cautioning that they may not have the skills necessary to trade successfully. The company’s trading platforms lack the automatic welcome tutorials offered by many other Forex brokers, but the straightforward design of the Webtrader should be understandable for anyone who has traded Forex (or seen a trading platform) in the past. Likewise, the MT4 platform is entirely straightforward, so traders who have used MT4 should have no trouble using this platform. Traders who are truly new to Forex may need to poke around a bit before fully understanding how either platform works.