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Compare Forex Brokers Alpari And HY Markets


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Subjective Ratings

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Alpari

HY Markets

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Five star Transaction Costs (spreads) Rating Two star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Three star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Three and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Three and Half star Average Rating

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Business Details

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Alpari

HY Markets

 
Registered Business Name: Alpari NZ Limited (New Zealand) Henyep Investment (UK) Limited
Broker Headquarters: New Zealand London, UK
Also has offices in: Many branches around Russia Dubai, Hong Kong
Regulated By: FRA (Russia) FSA (186171)
In business since year: 1998 1977
Broker Capital as of 03-2009 Unknown Unknown
Client Account Segregation: ASB Bank New Zealand HSBC London
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
MethodDeposit FeeWithdrawal Fee
MasterCard $0 $0
PayPal $0 $0
Visa $0 $0
Visa Electron $0 $0
Wire Transfer $0 ($250 Min) $0 ($100 Min)
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others Unknown

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Trading Details

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Alpari

HY Markets

 
Browser platform: Currenex ECN (for pro.direct accounts) HY WebTrader
Downloadable platform: Alpari MetaTrader 4 (MT4) HY Markets Metatrader 4 (MT4)
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) HY WebTrader
Phone dealing: Yes Yes
Order processing: ECN on pro.direct accounts Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
pamm.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
pro.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
classic.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
pamm.mt4 100:1* $300/unlimited 1,000/unlimited
pamm.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
classic.ndd.zulutrade 100:1* $1,000/unlimited 10,000/100,000,000
classic.mt4 500:1* $200/unlimited 10,000/unlimited
pamm.systematic 100:1* $300/unlimited 1,000/100,000,00
micro.mt4 500:1* no limits 1,000/500,000
classic.systematic 500:1* $200/unlimited 1,000/100,000,000
classic.zulutrade 500:1* $200/unlimited 1,000/100,000,000
pro.direct (Currenex) 200:1* $20,000/unlimited 10,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Premium Account 200:1* $2,500 100,000 units
Standard Account 200:1* $750/unlimited 10,000 units
Mini Account 200:1* $50/unlimited 2,000 units
Swap-free accounts   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.    
Tradeable Instruments: 53    42   
No Dealing Desk Execution: Yes Yes
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 3 pips (0.0003) for Premium, 5 pips (0.0005) for Standard, 7 pips (0.0007) for Mini Accounts
Fixed spreads: No No
Guaranteed stop losses? No Yes
Trailing Stops: Server-side Client-side
OCO orders available: Yes o No
If/then orders available: Yes o No
Hedging capability: Yes Yes
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours:   Sunday 22:00 GMT to Friday 20:00 GMT
Timezone GMT GMT
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. No
Account currencies available: EUR, Gold, USD USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish Bulgarian, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Ukrainian
Support languages: Chinese, English, Russian, Spanish Arabic, Chinese, English
Demo account: 30 days No
Live chat support: Yes - a little slow but top quality Yes
Interest on Margin: Yes No
Promotions & tournaments: 20% first deposit bonus. Interest paid on unused margin at 2% annual rate (alpari.premier accounts only). Free courses and educational materials.  

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