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Compare Forex Brokers HY Markets And Baron Forex


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Subjective Ratings

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HY Markets

Baron Forex

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

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Business Details

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HY Markets

Baron Forex

 
Registered Business Name: Henyep Investment (UK) Limited BFX Capital Inc.
Broker Headquarters: London, UK Belize City, Belize
Also has offices in: Dubai, Hong Kong New York, Toronto, Cyprus
Regulated By: FSA (186171) IFSC (Belize) No. 6012909
In business since year: 1977 2008
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: HSBC London Marfin Popular Bank, Cyprus or Standard Chartered Bank, UAE
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
MasterCard $0 $0
PayPal $0 $0
Visa $0 $0
Visa Electron $0 $0
Wire Transfer $0 ($250 Min) $0 ($100 Min)
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0-$50 depending on
Wire Transfer $0 $0-$50 depending on
Main liquidity providers: Unknown Several major banks in Switzerland and the UK

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Trading Details

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HY Markets

Baron Forex

 
Browser platform: HY WebTrader None
Downloadable platform: HY Markets Metatrader 4 (MT4) Baron Forex Metatrader 4 (MT4)
Mobile platform: HY WebTrader None
Phone dealing: Yes Yes
Order processing: Market Maker All orders routed through dealing desk.
Account Types
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
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Mini Account 200:1* $300/unlimited 10,000/unlimited
100k Account 200:1* $2,000/unlimited 100,000/unlimited
Swap-free accounts       Yes - no extra charges if trading volume exceeds 1.5 million per 30 day period. Otherwise $20 per 100,000 held over night.
Tradeable Instruments: 42    26   
No Dealing Desk Execution: Yes Not available
Typical spread on EUR/USD: 3 pips (0.0003) for Premium, 5 pips (0.0005) for Standard, 7 pips (0.0007) for Mini Accounts 2 pips (0.0002) FIXED
Fixed spreads: No Yes
Guaranteed stop losses? Yes Yes, stop loss orders are guaranteed against slippage
Trailing Stops: Client-side Client-side
OCO orders available: No No
If/then orders available: No No
Hedging capability: Yes Yes, clients can hold both long and short positions in the same currency pair at the same time.
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 22:00 GMT to Friday 20:00 GMT Sunday 5:00 PM New York time until Friday 4:30 PM New York time
Timezone GMT GMT datafeed
Scalping allowed: No Yes, traders are free to practice any trading style.
Account currencies available: USD CAD, EUR, USD
Platform languages: Bulgarian, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Ukrainian Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Arabic, Chinese, English English, Spanish
Demo account: No 30 days
Live chat support: Yes Yes, excellent support is available during trading hours.
Interest on Margin: No No
Promotions & tournaments:   $200 FREE for all new accounts, which can be withdrawn after 30 standard lots have been traded round turn within 60 days. 5% match bonus on all other deposits. $50 rebate for every 10 lots traded.

Visit HY Markets Visit Baron Forex


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