Hydra Markets Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this HydraMarkets Review.

Hydra Markets Review

The Broker is not a good broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

Hydra Markets is a pure STP broker, offering trading in wide range of currency pairs and various CFDs, as well as precious metals, on the globally recognized MetaTrader 4 platform.

Established in 2015 in Georgia, this Hydra Markets is a brand owned by Georgia-based Hydra Markets LTD. Due to its location, the brokerage operates without a license.

Nonetheless, according to its website, Hydra Markets maintains isolated client accounts to ensure that client funds are fully segregated from the company’s own funds. We don`t know whether this is true and there isn’t any authority to check or supervise this either.

So, if you intend to invest a large amount of money, we would advise you to select among brokers regulated in the UK, Cyprus or Australia, for instance, where the respective financial watchdogs are on alert and there are compensation schemes covering losses in the event of broker insolvency.

Trading Conditions

Minimum Initial Deposit

In order to open an account with Hydra Markets, one has to deposit $100, which is an average minimum initial deposit. For instance, offshore brokerage FxChoice also requires $100 from its clients as a start.

Average Spreads & Commissions

As a pure STP broker, Hydra Markets offers variable spreads. The ones on the commission-free accounts are averaged 1.2 pips on EUR/USD, while typical ECN spreads amount to 0.6 pips on EUR/USD, and involve a commission of $6 per standard lot round turn. So basically average trading costs trading costs per lot for this pair amount to around 1.2 pips on both account types, which is average for the forex market.

In fact, the pricing of FxChoice is similar: the brokerage offers variable spreads averaged 0.5 pips + $7 for 1 lot round trip on its Pro accounts, while spreads on the commission-free accounts are averaged 1.2 pips for the EUR/USD pair. For further information, you may look up and compare real-time spreads of 15 leading brokers here.

Maximum Leverage

The maximum leverage rates offered by this broker are one of the highest in the industry, reaching 1:1000. Although some jurisdictions cap leverage to levels significantly lower than this (1:50 in the US), many forex brokers offer leverage equal to or exceeding 1:500.

Traders, however, should be careful when using higher the leverage levels, for they involve greater risk of heavy losses.

Actually, maximum leverage levels offered to clients of Hydra Markets are dependent on their account balances:

Trading Platforms

Like most FX brokers, Hydra Markets supports the world’s leading trading platform MetaTrader 4 (MT4), which is fully customizable for just about any trading situation, skill level and preference. With this broker, it is available as desktop, and mobile version.

MT4 enables traders to use professional charts, technical analysis indicators, self-made or custom Expert Advisors (EAs), as well as to copy the trades of successful investors.

VPS services are also available with this broker.

Payment Methods

Hydra Markets’ clients are offered an array of payment methods: Wire Transfer, Credit/Debit card and e-wallets, such as Skill & Neteller, as well as a choice of USD, EUR, GBP & PLN currency trading accounts.

Hydra Markets Review Conclusion

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