Home | Back to Main Broker Reviews Page |

Bookmark and Share

Compare Forex Brokers Oanda And HY Markets


 Compare more forex brokers

Visit Oanda Visit HY Markets


Subjective Ratings

Compare Category

Oanda

HY Markets

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

Visit Oanda Visit HY Markets

Business Details

Compare Category

Oanda

HY Markets

 
Registered Business Name: Oanda Corporation Henyep Investment (UK) Limited
Broker Headquarters: Toronto, Canada London, UK
Also has offices in: Virtual offices in New York and Hong Kong Dubai, Hong Kong
Regulated By: NFA (0325821)
FCM registered with CFTC
FSA (186171)
In business since year: 2002 1977
Broker Capital as of 11-2008 $170,799,434 Unknown
Client Account Segregation: No HSBC London
Collect Taxes on Earnings: No No
Prohibit clients from: Yes Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Check (US clients) $0 $0
PayPal $0 $0
Wire Transfer $0 $0
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: P Morgan Chase, Citibank, UBS, Deutsche Bank and Royal Bank of Canada Unknown

Visit Oanda Visit HY Markets

Trading Details

Compare Category

Oanda

HY Markets

 
Browser platform: FXTrade (proprietary) - MAC compatible HY WebTrader
Downloadable platform: No HY Markets Metatrader 4 (MT4)
Mobile platform: FXTrade (proprietary) - MAC compatible HY WebTrader
Phone dealing: No Yes
Order processing: Market Maker Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 50:1* No mininum or maximum requirem 1/10,000,000
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   No swap-free accounts available    
Tradeable Instruments: 39    42   
No Dealing Desk Execution: Yes Yes
Typical spread on EUR/USD: 0.9 pips (0.00009) 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 No
If/then orders available: Yes No
Hedging capability: No Yes
Automated Trading: No Yes, on MT4
Trading Hours:   Sunday 22:00 GMT to Friday 20:00 GMT
Timezone User-defined GMT
Scalping allowed: Yes No
Account currencies available: USD USD
Platform languages: Chinese, English, German, Japanese, Spanish 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: English Arabic, Chinese, English
Demo account: Unlimited No
Live chat support: Yes Yes
Interest on Margin: Yes No
Promotions & tournaments: None  

Visit Oanda Visit HY Markets


Bookmark and Share