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Compare Forex Brokers HY Markets And Fast Brokers


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Subjective Ratings

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HY Markets

Fast Brokers

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

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Business Details

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HY Markets

Fast Brokers

 
Registered Business Name: Henyep Investment (UK) Limited Fast Trading Services LLC
Broker Headquarters: London, UK Glendale, California, USA
Also has offices in: Dubai, Hong Kong None
Regulated By: FSA (186171) NFA (ID#: 0342002)
CFTC Registered
In business since year: 1977 2004
Broker Capital as of 01-1970 Unknown Unknown
Client Account Segregation: HSBC London Yes (some restrictions apply)
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
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
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Unknown Currenex®, Integral®, Fortex®, Stonex

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Trading Details

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HY Markets

Fast Brokers

 
Browser platform: HY WebTrader Fast Brokers Currenex Java Classic
Downloadable platform: HY Markets Metatrader 4 (MT4) PathFinder Trader™
Mobile platform: HY WebTrader Coming Soon
Phone dealing: Yes Yes
Order processing: Market Maker DMA to multiple ECNs
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:
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader US ECN 50:1* $2,500/unlimited 10,000/unlimited
Swap-free accounts       Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 42    21   
No Dealing Desk Execution: Yes There is no dealing desk intervention
Typical spread on EUR/USD: 3 pips (0.0003) for Premium, 5 pips (0.0005) for Standard, 7 pips (0.0007) for Mini Accounts 0.4 pips (0.00004) on ECN2 feed
Fixed spreads: No Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts.
Guaranteed stop losses? Yes No, orders are executed at best available price.
Trailing Stops: Client-side Client-side
OCO orders available: No Yes
If/then orders available: No Yes
Hedging capability: Yes Yes, a workaround to the NFA FIFO rule is in place, using separate feeds..
Automated Trading: Yes, on MT4 Yes
Trading Hours: Sunday 22:00 GMT to Friday 20:00 GMT Sunday 5.00 PM to Friday 04.00 PM EST
Timezone GMT User defined
Scalping allowed: No Yes, without restrictions
Account currencies available: USD CHF, EUR, GBP, 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 Many
Support languages: Arabic, Chinese, English Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish
Demo account: No 30 days
Live chat support: Yes 24/5
Interest on Margin: No No
Promotions & tournaments:   None

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