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Compare Forex Brokers FXCM And HY Markets


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Subjective Ratings

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FXCM

HY Markets

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Four star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Two star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Five star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four 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 and Half 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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FXCM

HY Markets

 
Registered Business Name: Forex Capital Markets LLC Henyep Investment (UK) Limited
Broker Headquarters: New York City, USA London, UK
Also has offices in: London, Hong Kong and Tokyo Dubai, Hong Kong
Regulated By: USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
FSA (186171)
In business since year: 1999 1977
Broker Capital as of 11-2008 $131,416,979 Unknown
Client Account Segregation: Available to all clients of FXCM UK which welcomes US-based clients. HSBC London
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
ACH $0 $0
Check $0 $0
MasterCard $0 $0
Visa $0 $0
Wire Transfer $0 $40
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: 10 top-tier banks - names not disclosed Unknown

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Trading Details

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FXCM

HY Markets

 
Browser platform: Java Trading Station (for Mac users) or FXCM ActiveTrader HY WebTrader
Downloadable platform: FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4) HY Markets Metatrader 4 (MT4)
Mobile platform: Java Trading Station (for Mac users) or FXCM ActiveTrader HY WebTrader
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Gold Account 200:1* $25,000/unlimited 10,000/50,000,000
Standard Account 200:1* $2,000/unlimited 10,000/50,000,000
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        
Tradeable Instruments: 32    42   
No Dealing Desk Execution: All orders Yes
Typical spread on EUR/USD: 2.3 pips (0.00023) 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? All orders are executed at best available price. Yes
Trailing Stops: Server-side Client-side
OCO orders available: Yes No
If/then orders available:   No
Hedging capability: No Yes
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours: Sunday 5:00PM ET to Friday 4:00PM ET Sunday 22:00 GMT to Friday 20:00 GMT
Timezone User-defined (GMT is the defau GMT
Scalping allowed: Yes, FXCM does not impose any restrictions on your trading style. No
Account currencies available: AUD, CAD, EUR, GBP, JPY, NZD, USD USD
Platform languages: English 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: Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu Arabic, Chinese, English
Demo account: 30 days No
Live chat support: Normally 24/7 but may be down for weekly maintenance outside of trading hours. Yes
Interest on Margin: No No
Promotions & tournaments: Courses and seminars/webinars with professional traders offered to real account holders. Gold account holders also get preferred treatment, free ProRealTime Charting package and a complimentary $1,000 daytrading course.  

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