Your capital is at risk.
Halyk Finance Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- KZT 1
- Halyk Finance
- Halyk TradePro
- Halyk Invest
- AIX Connect
- National Bank of Kazakhstan
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- KZT 1
- Halyk Finance
- Halyk TradePro
- Halyk Invest
- AIX Connect
- National Bank of Kazakhstan
Our Evaluation of Halyk Finance
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Halyk Finance is a broker with higher-than-average risk and the TU Overall Score of 3.45 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Halyk Finance clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Halyk Finance is a licensed participant in the securities market regulated by the National Bank of Kazakhstan. It offers trading underlying assets and derivatives on domestic and international stock exchanges.
Brief Look at Halyk Finance
Halyk Finance is a subsidiary of Halyk Bank of Kazakhstan JSC that provides brokerage and investment services on stock exchanges. It was incorporated in 2004 and is a part of the Halyk Group. The broker obtained an unlimited license number 3.2.229/7 from the National Bank of Kazakhstan that allows it to legally provide its services on the securities market. Residents of Kazakhstan and foreign citizens who reside within its territory can use Halyk Finance services. It has numerous awards and titles, including Best Investment Bank, Market Maker of the Year, and Best Stock Broker.
- Unlimited license to provide brokerage services issued by the National Bank of Kazakhstan;
- Long-term operation on the securities market and stability of financial indicators with a trend toward capital growth;
- Wide choice of markets, both domestic and international;
- Diversity of investment solutions for retail and institutional clients;
- No initial deposit requirements;
- Functional mobile apps for fund transfers, trade execution, and portfolio management;
- Free analytics, market reviews, newsfeeds, and stock market research.
- Minimum fee for derivatives is KZT 15,000 (about 33.50 USD);
- Trust management services are available only to investors with large portfolios;
- No live chat on the broker’s website and no demo mode on trading platforms.
TU Expert Advice
Financial expert and analyst at Traders Union
Halyk Finance investment services are among the best in Kazakhstan, however, it’s not limited to one country and aims to maximize its presence in Central Asia. The broker is a part of Halyk Group, the largest financial group in Kazakhstan. Its net profit in 2023 was over KZT 530 billion, which is 31% higher than its performance in the previous year.
Halyk Finance’s reliability is undoubtful, however, its conditions are not the most profitable on the market due to its high fees. The broker’s clients have to pay minimum fees for any operation, which negatively affects the overall profitability with little trading volume. Yet, Halyk Finance doesn’t charge inactivity fees. Also, the broker doesn’t require the availability of funds on the account as a guaranteed deposit.
Halyk Finance uses reliable methods to protect clients’ personal data and assets. All platforms provided by the company ensure two-step access: login/password plus one-time passwords sent by SMS. The user account is blocked if traders enter passwords incorrectly more than five times. Legal entities can authenticate data with an electronic digital signature.
Halyk Finance Summary
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Halyk Finance and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | Halyk Finance, Halyk TradePro, Halyk Invest, and AIX Connect |
|---|---|
| 📊 Accounts: | Brokerlik shot |
| 💰 Account currency: | KZT |
| 💵 Replenishment / Withdrawal: |
Deposits: Bank cards through Halyk Finance, Halyk TradePro, and HomeBank apps, bank transfers, and cash Withdrawals: Bank transfers |
| 🚀 Minimum deposit: | KZT 1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Spread: | Fees for derivatives: 0.20% of the trade amount but not less than KZT 15,000 |
| 🔧 Instruments: | Stocks, bonds, state securities, mutual funds, ETFs, and derivatives |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Halyk Bank and other banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Access to stock exchanges of Kazakhstan, U.S., London, EU, and Asia |
| 🎁 Contests and bonuses: | Occasionally |
The broker doesn’t set a minimum investment amount, however, deposited funds must be enough to purchase the financial instrument and to pay all trading fees. Trading securities listed on domestic KASE and AIX (Astana International Exchange), and on international exchanges of the U.S., Asia, and Europe, are available. Also, trading derivatives, including currencies, is provided on Halyk Finance platforms. Trading accounts are nominated in KZT, but traders can deposit and withdraw other currencies through apps of HomeBank and Halyk Bank. Deposits can be made in cash in physical branches of partner banks.
Halyk Finance Key Parameters Evaluation
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Trading Account Opening
You can open an account with Halyk Finance only in the mobile app. The link to download it is in the Brokerage Services (Брокерлік қызмет) section.
Follow the below instructions upon installation of the app:
Next, provide the data requested by the system and upload the required documents. Your bank account with HomeBank and brokerage account with Halyk Finance are opened upon verification of the provided information. If you are an active client of HomeBank, you don’t need to re-register. You are only required to confirm the opening of the brokerage account in the mobile app.
Regulation and safety
The Halyk Group financial holding of Halyk Bank of Kazakhstan consists of 18 companies that provide leasing, insurance, and asset management services, and offer bank products in different countries. Halyk Finance operates in the securities market and is licensed by the National Bank of Kazakhstan under number 3.2.229/7.
Halyk Bank is a member of the Kazakhstan Deposit Insurance Fund, a part of the International Association of Deposit Insurers that provides compensation in over 130 countries. The maximum coverage in case of suspension of activities of Halyk Bank of Kazakhstan and its subsidiaries is KZT 5,000,000 or KZT 20,000,000 per client. The compensation varies subject to the currency and the deposit type.
Advantages
- Client funds and assets are held in the depositary on special sub-accounts
- Halyk Finance is a part of the top 3 banks of Kazakhstan by equity
- Managing bank is a member of domestic and international funds for investor protection
Disadvantages
- Recommended amount to access the international securities market is $10,000
- High fees for trading, custody of funds, and asset management
- To activate the brokerage account, it is required to open an account in a partner bank
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Brokerlik shot | $33 | KZT 0-1,000 |
Opening and closing accounts with Halyk Finance is free. Below is the comparison of fees for trading derivatives with Halyk Finance and two other Forex brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$33 | |
|
$1 | |
|
$8.5 |
Account types
To open a brokerage account with Halyk Finance, first become a client of HomeBank. It is available in the Halyk Finance mobile app or via the company’s manager. Accounts for individuals are opened within 1-3 business days.
Account type:
Demo mode isn’t available on any trading platform provided by the company and its partners. The broker’s clients can execute trades only with real money and not virtual funds.
Halyk Finance is a stock broker that provides analytical support, electronic systems for instant order placement, and access to global securities markets.
Deposit and Withdrawal
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Withdrawals are made only by bank transfers. For this, use a HomeBank mobile app.
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If traders withdraw KZT, the fee depends on the amount. Fees are not charged for transactions under KZT 100,000. If the withdrawal amount is above KZT 100,000, a fee of KZT 500 is charged for every transaction.
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Withdrawals of foreign currencies cost KZT 1,000 per payment regardless of the amount.
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Money transfers are made within 5 business days.
Investment Options
Halyk Finance is one of the best investment banks in Kazakhstan that provides its services to both retail and institutional clients. It offers trust asset management on behalf of investors, pension plans, and mutual funds. Investment banking services include financial consulting, issuance and placement of bonds, IPOs, etc.
Mutual funds are collective investments available to retail traders
A mutual fund is a financial tool that allows traders to invest in securities, such as stocks, bonds, etc., using the principle of equity participation. Six types of funds with different conditions are available to Halyk Finance clients. These funds differ in the following parameters:
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Minimum investment. Shares of four of the six funds can be purchased for a $5,000 minimum. Special funds of Halyk Global allow traders to invest from $100 and Halyk tenge with minimum purchase requirements of KZT 100,000.
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Frequency of share redemption. It varies subject to the fund conditions. For example, shares of the Halyk Tenge fund can be sold every month, while Halyk Currency is sold once every three months.
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Actual profits. The target profitability can be up to 20% per annum, but the broker cannot guarantee this. In fact, a sale of a share doesn’t necessarily result in profit for an investor.
Trust capital management by Halyk Finance is a service for institutional and large private investors. The company offers comprehensive support that ranges from identification of the client’s investment goal and building a portfolio according to the established goal, to adjusting the nuances of the goal based on the acceptable risk level and reporting.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from Halyk Finance:
Halyk Finance doesn’t use partnership programs in its marketing strategy to increase sales or to attract new clients. The company provides high-quality services and constantly improves its services, which attract traders and investors.
Customer support
If Halyk Finance clients have relevant questions, they can contact the company from 9:00 to 18:00 (Almaty Time) Monday through Friday.
Advantages
- Support is available on WhatsApp
- Service is provided in Kazakh and Russian
Disadvantages
- No live chat
- The company doesn’t work on weekends and public holidays in Kazakhstan
To communicate with Halyk Finance representatives, traders can use:
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Telephone numbers available for Almaty and Astana;
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Email;
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WhatsApp.
For personal communication with the company’s representative, visit the offices in Astana or Almaty.
Contacts
| Registration address | Halyk Finance АҚ., Abay Ave. 109 “В”, 5th floor, A05A1B9, Almaty, Kazakhstan |
|---|---|
| Regulation | National Bank of Kazakhstan |
| Official site | https://halykfinance.kz/ |
| Contacts |
+7 727 339 43 77
|
Education
There is no information about available educational tools for traders on the Halyk Finance website.
The broker doesn’t offer demo accounts that allow novice traders to explore a trading platform, understand the basics of markets, and develop trading skills.
Comparison of Halyk Finance with other Brokers
| Halyk Finance | RoboForex | Pocket Option | Exness | IC Markets | Deriv | |
| Trading platform |
AIX Connect, Halyk Finance, Halyk Invest, Halyk TradePro | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, cTrader, MT5, TradingView | Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
| Min deposit | $1 | $10 | $5 | $10 | $200 | $5 |
| Leverage |
From 1:1 to 1:1 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 1.00% |
| Spread | From 0.1 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of Halyk Finance
Halyk Finance is a leading investment bank in Kazakhstan focused on providing services to residents of Central Asia. The Central Depository of Kazakhstan is responsible for the custody of securities and deposits. Reliable custody of assets of international markets is ensured by Bank CenterCredit JSC. Halyk Finance has representative offices in Astana and Almaty.
Halyk Finance by the numbers:
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19+ years of experience in the securities market;
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The company manages over KZT 420 billion of client funds;
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62 awards.
Halyk Finance is a professional participant in the securities market
Halyk Finance offers the purchase and sale of securities on the exchanges of Kazakhstan and international stock markets, investment advice, and market analysis. It has been providing market data and advanced analytics on different classes of financial instruments for over 15 years. Halyk Finance is also a market maker on KASE, where it provides liquidity on over 25 stocks and bonds.
The Halyk TradePro platform is customized to the needs of individuals and legal entities. It supports confirmation of trading orders by SMS and authorization by electronic digital signature. Halyk Finance is a professional stock market participant, therefore its clients pay both trading fees and fees for services of depositories, stock exchanges, custodians, clearing companies, and banks that provide the custody of financial instruments and funds.
Useful services offered by Halyk Finance:
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Analytical center. This section of the broker’s website contains fundamental data and macroeconomic indicators of Kazakhstan. To view the information, go to the Russian or English version of the website.
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Trading ideas. These are reports on equity and debt instruments, investment advice, and stock market news. The website section with ideas in Kazakh is incomplete, but information in the Russian version is updated regularly.
Advantages:
Free market analysis and trading ideas;
Minimum investment to participate in mutual funds is $100;
No fees for opening, maintenance, or closing of brokerage accounts;
Quick transfer of assets from another broker;
Detailed service agreement and public documentation on markets and investment funds.
Halyk Finance services are available to traders with any amount of funds available for trading, that is to say, the broker doesn’t set minimum initial deposit requirements for all markets.
User Satisfaction