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

Chief Analytics Officer

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, a subsidiary of Halyk Bank of Kazakhstan JSC, provides brokerage and investment services on domestic and international stock markets through its Standard and ECN/Raw accounts. The broker requires no minimum deposit, offers tight EUR/USD spreads from 0.8 to 1.4 pips on Standard and averages 0.10 pips with a $4 commission per lot on ECN, and charges no deposit, withdrawal, or inactivity fees. Account opening is fast and fully online via the mobile app, while clients benefit from free market analytics and two-step account security procedures.

However, a notable drawback is that Halyk Finance is not regulated by a Tier-1 authority, which results in a lower safety score compared to leading global brokers. Additional disadvantages include a lack of demo, cent, or micro accounts, limited payment methods, the absence of crypto and bond trading, and only basic customer support with no live chat. The broker may not be suitable for traders seeking broad asset coverage, the lowest fees, or strong international regulatory protection.

Top-5 Brokers Traders Prefer

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

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
38 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 FOREX.com, 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 FOREX.com
    EUR/USD min, pips 0.8 0.1 0.7
    EUR/USD max, pips 1.4 0.5 1.2
    GPB/USD min, pips 0.8 0.1 0.9
    GPB/USD max, pips 1.5 0.5 1.4

    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 FOREX.com
    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 5
    EUR/USD avg spread 0.10 0.15 0.2
    GBP/USD avg spread 0.10 0.2 0.4

    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 FOREX.com
    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 15
  • 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.

    • Low minimum deposit
    • Tight spread ECN account
    • Standard account with balanced trading conditions
    • No Demo account
    • Micro lots are not available
    Halyk Finance account types vs top competitors
    Halyk Finance Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    No
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    No
    No
    No
    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.

    • Minimum deposit below industry average
    • Bank wire transfers available
    • Low minimum withdrawal requirement
    • No withdrawal fee
    • BTC payments not accepted
    • Limited deposit and withdrawal flexibility, leading to higher costs
    • Wise not supported

    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 Trading.com Plus500
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    No
    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. 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
    • Bonds not available
    • Small selection of currency pairs

    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 Trading.com Plus500
    Currency pairs 69 60
    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. 69 2800
    Stocks
    No
    Yes
    Commodity futures
    No
    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.
    No
    Yes
    Stock indices
    No
    Yes
    Options
    No
    Yes

    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 Trading.com Plus500
    Bonds
    No
    No
    ETFs
    No
    Yes
    Copy trading
    No
    No
    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.

    • Quick KYC verification (1 business day or less)
    • Fast registration time (up to 15 minutes)
    • Low minimum deposit requirement
    • Account setup process may feel less convenient for beginners
    Halyk Finance account opening
    Halyk Finance Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $10 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 8 20
    KYC time (days) 1 2 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

Best Halyk Finance Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

FAQs

What do reviews say about the regulation and safety of Halyk Finance?

The review notes that Halyk Finance has a safety score of 1.5/10, which corresponds to a low security level in the Traders Union assessment. It states that Halyk Finance is not a regulated broker, although it does provide negative balance protection and requires KYC verification, and it highlights that unregulated status may increase risks such as weaker investor protection and uncertainty around withdrawals.

What account types and trading features are available at Halyk Finance?

According to the review, Halyk Finance offers Standard and ECN/Raw spread accounts, but does not provide Cent, Micro, VIP, managed, swap-free, or demo accounts. The broker uses a universal “Brokerlik shot” account for trading securities and derivatives, and demo trading with virtual funds is not available on its platforms.

What do user reviews and feedback indicate about Halyk Finance?

The user satisfaction score for Halyk Finance is 4/10, based on a single review that is rated 2 stars out of 5. According to user reviews, the overall tone of feedback is mostly negative in the available data.

How does the Halyk Finance account opening process work?

The review states that an account with Halyk Finance can be opened fully online via the mobile app, with registration taking about 8 minutes and KYC verification completed within 1 business day. The minimum deposit is $10, and new clients must go through a step-by-step process in the app to provide personal data and documents, while existing HomeBank clients only need to confirm opening the brokerage account.

What do reviews say about Halyk Finance customer support and service hours?

The review describes Halyk Finance customer support as providing basic functionality, with moderate response times that can vary depending on request complexity. Support is available by phone, email, WhatsApp, and in-person offices in Astana and Almaty from 9:00 to 18:00 (Almaty Time) Monday to Friday, while there is no live chat and the company does not operate on weekends or public holidays in Kazakhstan.

Articles that may help you

Editorial Team

Top 5 companies for you
United States
United States
  • Afghanistan Afghanistan
  • Albania Albania
  • Algeria Algeria
  • Angola Angola
  • Argentina Argentina
  • Armenia Armenia
  • Australia Australia
  • Austria Austria
  • Azerbaijan Azerbaijan
  • Bahamas Bahamas
  • Bahrain Bahrain
  • Bangladesh Bangladesh
  • Belarus Belarus
  • Belgium Belgium
  • Bolivia Bolivia
  • Botswana Botswana
  • Brazil Brazil
  • Brunei Brunei
  • Bulgaria Bulgaria
  • Cambodia Cambodia
  • Cameroon Cameroon
  • Canada Canada
  • Chile Chile
  • China China
  • Colombia Colombia
  • Congo Congo
  • Costa Rica Costa Rica
  • Cote d'Ivoire Cote d'Ivoire
  • Croatia Croatia
  • Cuba Cuba
  • Cyprus Cyprus
  • Czechia Czechia
  • DR Congo DR Congo
  • Denmark Denmark
  • Dominican Republic Dominican Republic
  • Ecuador Ecuador
  • Egypt Egypt
  • El Salvador El Salvador
  • Estonia Estonia
  • Eswatini Eswatini
  • Ethiopia Ethiopia
  • Finland Finland
  • France France
  • Georgia Georgia
  • Germany Germany
  • Ghana Ghana
  • Greece Greece
  • Haiti Haiti
  • Hong Kong Hong Kong
  • Hungary Hungary
  • India India
  • Indonesia Indonesia
  • Iran, Islamic republic Iran, Islamic republic
  • Iraq Iraq
  • Ireland Ireland
  • Israel Israel
  • Italy Italy
  • Jamaica Jamaica
  • Japan Japan
  • Jordan Jordan
  • Kazakhstan Kazakhstan
  • Kenya Kenya
  • Korea Korea
  • Kuwait Kuwait
  • Kyrgyzstan Kyrgyzstan
  • Laos Laos
  • Latvia Latvia
  • Lebanon Lebanon
  • Lesotho Lesotho
  • Libya Libya
  • Lithuania Lithuania
  • Luxembourg Luxembourg
  • Madagascar Madagascar
  • Malaysia Malaysia
  • Malta Malta
  • Mauritius Mauritius
  • Mexico Mexico
  • Moldova Moldova
  • Mongolia Mongolia
  • Montenegro Montenegro
  • Morocco Morocco
  • Mozambique Mozambique
  • Myanmar Myanmar
  • Namibia Namibia
  • Nepal Nepal
  • Netherlands Netherlands
  • New Zealand New Zealand
  • Nigeria Nigeria
  • North Macedonia North Macedonia
  • Norway Norway
  • Oman Oman
  • Pakistan Pakistan
  • Palestine Palestine
  • Panama Panama
  • Papua New Guinea Papua New Guinea
  • Paraguay Paraguay
  • Peru Peru
  • Philippines Philippines
  • Poland Poland
  • Portugal Portugal
  • Puerto Rico Puerto Rico
  • Qatar Qatar
  • Reunion Reunion
  • Romania Romania
  • Rwanda Rwanda
  • Saudi Arabia Saudi Arabia
  • Serbia Serbia
  • Singapore Singapore
  • Slovakia Slovakia
  • Slovenia Slovenia
  • Somalia Somalia
  • South Africa South Africa
  • Spain Spain
  • Sri Lanka Sri Lanka
  • Sweden Sweden
  • Switzerland Switzerland
  • Syria Syria
  • Taiwan Taiwan
  • Tajikistan Tajikistan
  • Tanzania Tanzania
  • Thailand Thailand
  • Trinidad and Tobago Trinidad and Tobago
  • Tunisia Tunisia
  • Turkey Turkey
  • UAE UAE
  • Uganda Uganda
  • Ukraine Ukraine
  • United Kingdom United Kingdom
  • United States United States
  • Uruguay Uruguay
  • Uzbekistan Uzbekistan
  • Venezuela Venezuela
  • Vietnam Vietnam
  • Yemen Yemen
  • Zambia Zambia
  • Zimbabwe Zimbabwe
  • Forex
  • Crypto
Table of Contents