HYANB Group
Pros and Cons
Pros
- Diverse trading instruments including forex, precious metals, and cryptocurrencies
- High leverage options up to 1:400
- All-In-One CFD Trading Platform available on multiple devices
- Demo accounts with $100,000 in virtual capital for practice
- 24/7 customer support via email
Cons
- No valid forex trading license
- Limited customer support options (email only)
- Lack of popular trading platforms like MT4/MT5
- Potential hidden fees not disclosed
- No stock or ETF trading options available
Basic Information
User Reviews
HYANB Group Overview
HYANB Group, officially known as HYANB GROUP LIMITED, is a forex broker that was established in the United States and has been operating for approximately 2-5 years. While it is registered in the U.S., it currently holds an exceeded status with the National Futures Association (NFA), which indicates that it does not possess a valid forex trading license. This regulatory status is crucial for potential traders to consider, as it affects the level of protection and oversight available to clients.
The broker offers a range of trading instruments, including forex, precious metals, crude oil, indices, and cryptocurrencies, catering to diverse trading preferences. HYANB Group provides an All-In-One CFD Trading Platform that is designed for ease of use across various devices, including Windows and mobile platforms. Customer support is available through email, although the limited communication channels may be a factor for some traders. With features like demo accounts for practice trading and high leverage options, HYANB Group aims to appeal to both new and experienced traders looking to engage in the forex market efficiently.
Is HYANB Group Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| National Futures Association (NFA) | United States | None |
Is HYANB Group Regulated and How Are Client Funds Protected?
The broker HYANB Group is not regulated by any recognized financial authority, holding only an exceeded status with the National Futures Association (NFA). This regulatory status indicates a lack of a valid forex trading license, which poses significant risks for potential traders. Without proper oversight, clients may face inadequate investor protection and a higher likelihood of fraud. Consequently, trading with an unregulated broker like HYANB Group involves substantial risks, including the potential loss of funds and lack of recourse in case of disputes.
Trading Products and Services
What trading instruments does HYANB Group offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major Pairs | Many |
| Commodities | Gold, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Not Available |
| Cryptocurrencies | BTC, ETH | Varies |
HYANB Group presents a diverse selection of trading instruments, catering to various trading strategies and preferences. The broker’s offerings include forex pairs, commodities, indices, and cryptocurrencies, which serve both novice and experienced traders. This diversity allows traders to implement different strategies, whether they are looking for short-term trades or long-term investments. By providing access to multiple asset categories, HYANB Group facilitates portfolio diversification, enabling traders to balance their risk and explore various market opportunities effectively. This adaptability is essential for traders aiming to navigate the dynamic forex markets successfully.
Account Types and Trading Conditions
What Account Types and Fees Does HYANB Group Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Demo Account | Beginner traders | Practice trading with $100,000 in virtual capital | Ideal for gaining experience without financial risk |
| Real Fund Account | Experienced traders | Access to real trading with the potential for actual profits | Designed for those ready to trade with real capital |
Account Opening Process
To open an account with HYANB Group, traders must complete several steps. Initially, they will need to submit personal information, including their name, email, and contact details. Following this, employment and financial information will be required to assess the trader’s suitability. Identity verification is also mandatory, which includes providing a valid ID and proof of address. Once the account is set up, there is flexibility for traders to upgrade from a demo or real fund account to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.0 | $0 (Subject to hidden charges) | Competitive spreads for forex trading |
| CFDs (Indices) | Varies | Not disclosed | Potential hidden fees may apply |
| CFDs (Commodities) | Varies | Not disclosed | Check for additional costs |
| Cryptocurrencies | Varies | Not disclosed | Fees may fluctuate based on market conditions |
Other Fees
Traders should be aware of several potential fees associated with their accounts at HYANB Group. These may include deposit and withdrawal fees, which can vary based on the payment method used. Additionally, there may be inactivity fees applied to accounts that remain dormant for extended periods. Platform usage fees are not explicitly mentioned, but it is recommended to verify whether any such fees exist. Traders should also consider overnight interest (swap rates) that may apply to positions held overnight, along with possible currency conversion fees when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does HYANB Group Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| All-In-One CFD Trading Platform | Windows, iPhone, Android | Login security (encryption), market search, multiple order types, price alerts | Demo accounts available |
| Web Version | Desktop (Web Browser) | Login security (encryption), market search, one-click trading | Demo accounts available |
| Mobile App | iOS, Android | Login security (encryption), price alerts, push notifications | Demo accounts available |
The All-In-One CFD Trading Platform is designed for comprehensive trading, supporting multiple devices while ensuring secure logins and efficient market search capabilities. The web version offers traders flexibility to trade on desktops, while the mobile app facilitates convenient trading on the go, allowing users to manage their portfolios and receive real-time alerts. Each platform is equipped with essential features aimed at enhancing the trading experience.
HYANB Group’s offerings focus on providing traders with secure, user-friendly platforms that support various trading styles. The integration of demo accounts allows new traders to practice without risk, while additional features like price alerts and market searches contribute to a streamlined trading process.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000/day | USD |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $10,000/day | USD |
| Cryptocurrency | Instant | No platform fee | Min $50, Max $5,000/day | BTC, ETH |
Minimum Deposit
The minimum deposit requirement at HYANB Group is $50. This amount is consistent across various payment methods and account types, making it accessible for new traders to get started.
How to Withdraw
- Log into your HYANB Group account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the withdrawal amount and confirm your identity if prompted.
- Submit the withdrawal request and wait for the processing time to complete.
Customer Support
HYANB Group Customer Support Overview
Support Channels
HYANB Group offers customer support primarily through email. Traders can reach out to the support team at info@hyanbmarts.com for assistance with their inquiries. While there are no live chat or telephone options available, email support aims to provide timely responses to customer needs.
Service Availability
The customer support service is available 24/7, ensuring that traders can receive help at any time. However, it is important to note that support is offered only in English, which could be a limitation for non-English speaking customers.
Frequently Asked Questions
HYANB Group is not fully regulated, holding only an exceeded status with the National Futures Association (NFA) in the United States. This indicates that it does not possess a valid forex trading license, which poses risks for potential traders.
HYANB Group provides two types of accounts: a demo account, which allows traders to practice with $100,000 in virtual capital, and a real fund account for experienced traders looking to trade with actual money.
Given that HYANB Group does not have valid regulatory oversight, there are no fund protection measures in place. Traders should be aware of the risks associated with trading with an unregulated broker, including the potential loss of funds.
HYANB Group offers an All-In-One CFD Trading Platform that is accessible across multiple devices, including Windows, iPhone, and Android. However, it does not support the widely used MT4 or MT5 platforms.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.