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 4.48 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.
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- 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
Author, Financial Expert at Traders Union
Halyk Finance offers a variety of trading services, including stocks, bonds, ETFs, and derivatives, through its Halyk Finance, Halyk TradePro, and AIX Connect platforms. With a minimum deposit of KZT 1, it caters to both domestic and international markets. The company provides additional advantages such as no fees on deposits and withdrawals, access to domestic and international stock exchanges, and functional mobile applications for easier management and transfer of funds.
However, the company has its drawbacks, notably high minimum fees for derivative trading and the lack of a demo mode for practice. Client support options are limited, with no live chat available. While Halyk Finance presents a broad range of markets and no deposit requirements, these conditions may not suit traders who prioritize lower fees or extensive client support. For retail traders or beginners in Kazakhstan, Halyk Finance could serve as a starting point. However, those looking for more comprehensive support and lower cost structures may explore other options.
Halyk Finance Trading Conditions
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 |
| 💵 Deposit / 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 |
| 💱 EUR/USD spread: | 0,10 pips |
| 🔧 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 |
| 📋 Order 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
Halyk Finance has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Not tier-1 regulated
Halyk Finance Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Halyk Finance is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker Halyk Finance have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Halyk Finance with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Halyk Finance’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Halyk Finance Standard spreads
| Halyk Finance | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,8 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,4 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,8 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Halyk Finance RAW/ECN spreads
| Halyk Finance | Pepperstone | OANDA | |
| Commission ($ per lot) | 4,00 | 3 | 3,5 |
| EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,10 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Halyk Finance. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Halyk Finance Non-Trading Fees
| Halyk Finance | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
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
Halyk Finance received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Halyk Finance offers limited payment options and accessibility, which may impact its competitiveness.
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- No deposit fee
- Bank wire transfers available
- BTC not available as a base account currency
- BTC payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Halyk Finance deposit and withdrawal options?
Halyk Finance offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Halyk Finance less competitive for those seeking diverse payment options.
Halyk Finance Deposit and Withdrawal Methods vs Competitors
| Halyk Finance | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Halyk Finance base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Halyk Finance supports the following base account currencies:
What are Halyk Finance's minimum deposit and withdrawal amounts?
The minimum deposit on Halyk Finance is $10, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Halyk Finance’s support team.
Markets and tradable assets
Halyk Finance offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 20 Forex pairs.
- Indices trading
- Commodity futures are available
- Passive income with bonds
- Crypto trading not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Halyk Finance with its competitors, making it easier for you to find the perfect fit.
| Halyk Finance | Plus500 | Pepperstone | |
| Currency pairs | 20 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Halyk Finance offers for beginner traders and investors who prefer not to engage in active trading.
| Halyk Finance | Plus500 | Pepperstone | |
| Bonds | Yes | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
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:
-
Telephone numbers available for Almaty and Astana;
-
Email;
-
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 | Eightcap | XM Group | RoboForex | NPBFX | InstaForex | |
| Trading platform |
AIX Connect, Halyk Finance, Halyk Invest, Halyk TradePro | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $1 | $100 | $5 | $10 | $10 | $1 |
| Leverage |
From 1:1 to 1:1 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:200 to 1:1000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0.1 points | From 0 points | From 0.8 points | From 0 points | From 0.4 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | No / 30% | 30% / 10% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
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;
-
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.
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