Halyk Finance Review 2026

Logo Halyk Finance
Top Brokers Overview — United States
How we tested Halyk Finance

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Halyk Finance Pros & Cons

  • 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.

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.

TU Expert Verdict

Editor at Cryptocurrency & Blockchain Department

Halyk Finance carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

Halyk Finance offers brokerage services across domestic and international securities markets through Standard and ECN/Raw accounts. It has no minimum deposit, with EUR/USD spreads of 0.8 to 1.4 pips on Standard and an average 0.10 pips plus $4 per lot on ECN/Raw. Broker fees are zero for deposits, withdrawals, and inactivity. Clients open accounts online through its mobile app and receive market research.

However, a notable drawback is that its National Bank of Kazakhstan license does not provide Tier-1 oversight. Other disadvantages include no demo account, limited payment methods, no live chat, and a KZT 15,000 minimum fee for derivatives. Halyk Finance may suit experienced investors seeking local and international securities, but is less suited to those prioritizing top-tier protection, payment flexibility, or low derivative costs.

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Halyk Finance User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
4 /10
1 total
  • 5-star
    0%
  • 4-star
    0%
  • 3-star
    0%
  • 2-star
    100%
  • 1-star
    0%
dqwdwqd
41 weeks ago

Do not trust Halyk Finance’s promises! All the fancy talk about low spreads is just bait. As soon as you start trading, these spreads start growing like mushrooms after rain. In the end, you’re not earning anything—you’re only paying them unexpected commissions. Stop losses get triggered unbelievably easily, as if someone is sitting there watching exactly where you place them.

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    7 /10

    The trading and non-trading commissions of Halyk Finance have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.

    • Low Forex trading fees
    • Tight EUR/USD market spread
    • No inactivity fee
    • No deposit fee
    • No withdrawal fee
    • Complex fee structure

    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 OANDA IG Markets
    EUR/USD min, pips 0.8 0.1 0.6
    EUR/USD max, pips 1.4 0.5 1.2
    GPB/USD min, pips 0.8 0.1 0.6
    GPB/USD max, pips 1.5 0.5 1.5

    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 OANDA IG Markets
    Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 4.00 3.5 2.3
    EUR/USD avg spread 0.10 0.15 0.8
    GBP/USD avg spread 0.10 0.2 1

    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 OANDA IG Markets
    Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0
    Inactivity fee ($, per month) 0 0 0
  • Is Halyk Finance Safe?

    Score:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    1.5 /10

    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

    Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.

  • Account Types

    Score:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    4.3 /10

    Halyk Finance offers the following account options: Standard, ECN/Raw spread.

    However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

    • Tight spread ECN account
    • Standard account with balanced trading conditions
    • Low minimum deposit
    • No Swap Free account
    • No VIP account option
    Halyk Finance account types vs top competitors
    Halyk Finance Plus500 OANDA
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    Yes
    Demo
    No
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    Yes
    Swap Free
    No
    No
    Yes
    VIP
    No
    No
    No
    Managed
    No
    No
    No

    Halyk Finance accounts trading conditions

    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:

    Account Type Description
    Brokerlik shot It is a universal account type intended for trading securities and derivatives.

    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

    Score:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    4 /10

    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.

    • No deposit fee
    • Low minimum withdrawal requirement
    • Minimum deposit below industry average
    • Bank card deposits and withdrawals
    • PayPal not supported
    • Wise not supported
    • USDT payments not accepted

    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 OANDA
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    Yes
    Yes
    Wise
    No
    No
    No
    BTC
    No
    No
    Yes

    What are Halyk Finance base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Halyk Finance supports the following base account currencies: KZT.

    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

    Score:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    1 /10

    Halyk Finance offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total.

    • Multiple markets
    • Small selection of currency pairs
    • 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 OANDA
    Currency pairs 60 68
    Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 129
    Stocks
    Yes
    Yes
    Commodity futures
    Yes
    Yes
    Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
    Yes
    Yes
    Stock indices
    Yes
    Yes
    Options
    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 OANDA
    Bonds
    No
    Yes
    ETFs
    Yes
    No
    Copy trading
    No
    Yes
    PAMM investing
    No
    No
    No
    Managed accounts
    No
    No
    No
  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at Halyk Finance by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    10 /10

    We successfully registered an account with Halyk Finance in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Halyk Finance is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Fully online account opening process
    • Quick KYC verification (1 business day or less)
    • Low minimum deposit requirement
    • Account setup process may feel less convenient for beginners
    Halyk Finance account opening
    Halyk Finance Plus500 OANDA
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $10 $100 $0
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 8 10
    KYC time (days) 1 3 3

    Is Halyk Finance available in my country?

    If you are a citizen of United States, the broker accepts clients from your country.

    Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

    Account opening details

    • 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:

      • Click the “Become a client” (Клиент болыңыз) button on the left of the screen and confirm the start of registration..
      • Provide your phone number..
      • Provide your personal identification number..

    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.

  • Customer Support

    Score:
    We evaluated Customer Support at Halyk Finance by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    5.5 /10

    Customer support at Halyk Finance is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

    During testing, response times were moderate, and communication depended on the complexity of the request. Halyk Finance provides basic support functionality but does not stand out in overall service performance.

    Information

    If Halyk Finance clients have relevant questions, they can contact the company from 9:00 to 18:00 (Almaty Time) Monday through Friday.

    • Support is available on WhatsApp
    • Service is provided in Kazakh and Russian
    • 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 halykfinance@halykfinance.kz +7 727 339 43 77

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EUR/USD 0.2 pips

FAQs

Is Halyk Finance a regulated forex broker and how safe is it?

Halyk Finance is an unregulated forex broker with a safety score of 1.5/10, which corresponds to a low security level under the Traders Union methodology (https://tradersunion.com/methodology-for-evaluation-of-brokers/). The broker offers negative balance protection and requires KYC verification, but it does not have Tier-1 regulation or participation in investor compensation schemes, so traders should carefully consider the associated risks.

What trading commissions and fees can traders expect at Halyk Finance?

Halyk Finance has a commissions score of 7/10, with medium overall fees and several cost-saving features such as no deposit, withdrawal, or inactivity fees. On Standard accounts, EUR/USD spreads typically range from 0.8 to 1.4 pips and GBP/USD from 0.8 to 1.5 pips, while RAW/ECN accounts offer average spreads of 0.10 pips on both pairs with a $4.00 commission per lot.

What do user reviews and feedback indicate about Halyk Finance?

Halyk Finance has a user satisfaction score of 4/10 based on a single review, which is rated 2 stars out of 5. According to user reviews, overall impressions are mostly negative at this stage.

How do deposits and withdrawals work at Halyk Finance?

Halyk Finance has a deposit and withdrawal score of 4/10 and offers bank card and bank wire as its main funding and withdrawal methods, with no deposit or withdrawal fees charged by the broker. The minimum deposit is $10, the minimum withdrawal is $1, and KZT is available as a base account currency, while BTC and USDT payments are not supported.

How does the Halyk Finance trading account opening process work?

Halyk Finance offers a fully online account opening process that typically takes about 8 minutes, with KYC verification usually completed within 1 business day and a minimum deposit of $10. Accounts are opened exclusively via the mobile app, where new clients register by providing their phone number, personal identification number, and required documents, while existing HomeBank clients only need to confirm the opening of a brokerage account.

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