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.
TU Expert Verdict
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.
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Halyk Finance User Reviews
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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 criteria7 /10The 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, ZForex and OANDA, 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
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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 criteria1.5 /10Halyk 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
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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 /10Halyk 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
- Standard account with balanced trading conditions
- Tight spread ECN account
- Micro lots are not available
- No Swap Free account
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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 methodology4 /10Halyk Finance received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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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 criteria1 /10Halyk Finance offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total.
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Trading Account Opening
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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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 criteria5.5 /10
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FAQs
How safe is trading with Halyk Finance in terms of regulation and investor protection?
Halyk Finance has a safety score of 1.5/10 and is described as a low security level broker that is not regulated. The broker offers negative balance protection and requires KYC verification, but it is not tier-1 regulated and there is no mention of participation in investor compensation schemes, which may increase regulatory and withdrawal risks compared with regulated firms.
What trading and non-trading fees does Halyk Finance charge?
According to the review, Halyk Finance has a fees score of 7/10, with medium overall fees and low forex trading costs, including tight EUR/USD spreads on Standard accounts (typically 0.8–1.4 pips) and an ECN commission of $4 per lot with average EUR/USD and GBP/USD spreads of 0.10 pips. Non-trading fees are described as relatively low, with no deposit, withdrawal, or inactivity fees specified for this broker in the section.
What do user reviews and feedback indicate about Halyk Finance’s overall satisfaction level?
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, the overall tone is mostly negative, and there are no positive or neutral ratings mentioned in the section.
What markets and tradable assets are mentioned in reviews of Halyk Finance?
The review states that Halyk Finance offers a limited selection of trading assets, with the platform currently listed as supporting 0 assets in total and a small selection of currency pairs, while indices are not available. The section also notes that Halyk Finance does not provide PAMM investing or managed accounts, and other specific asset classes are not detailed in the review.
What do reviews say about Halyk Finance customer support and availability?
Customer support at Halyk Finance is described as basic, with moderate response times that can vary depending on the complexity of the request. Support is available Monday to Friday from 9:00 to 18:00 Almaty Time via telephone (Almaty and Astana numbers), email, WhatsApp, and in-person office visits, but there is no live chat and the company does not work on weekends or public holidays in Kazakhstan.
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