Our HYCM Review
Henyep Capital Markets (HYCM) is an experienced forex and CFD broker that offers technological excellence. The broker boasts of lightning fast executions, low spreads, and superior technology. HYCM was founded in 1977 and has since become a global brand that has won multiple industry awards. The head office is located in London while other branch offices are in Limassol, Dubai, Kuwait, Hong Kong, and the Cayman Islands.
HYCM Regulation and Security
Henyep Capital Markets is regulated in the UK by the Financial Conduct Authority (FCA). Across Europe, HYCM is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker is also regulated by the Cayman Islands Monetary Authority (CIMA) and also by Dubai Financial Services Authority (DFSA).
Regulation by FCA gives HYCM clients’ access to the Financial Services Compensation Scheme (FSCS). This scheme will compensate investors if the broker goes bankrupt. The scheme covers up to £85,000.
HYCM affirms that it has partnered with Tier-1 banks like Barclays Bank and Eurobank in order to keep clients’ deposits in segregated accounts.
HYCM has also adopted complex security systems and modern technology to protect its servers and network. 128-bit SSL encryption is used to encrypt all data between clients and the broker’s servers.
Available Trading Instruments on HYCM
HYCM offers over 300 assets for trading on its platforms. There are 76 currency pairs, 173 stock shares, 28 indices, 14 crypto assets, and 17 commodities. All the instruments are available on the MT5 platform while the MT4 is limited to about 80 assets.
Account Types and Trading conditions
Follow the “open an account” link on the HYCM’s website to create a new account. Only a few pages form is required. The maximum leverage on all accounts is 1:200.
The following account types are available:
Fixed Account:
This account features fixed spreads from 1.8pips. The opening balance is $100 and there are no commissions.
Classic Account:
This account features variable spreads form 1.2 pips. The minimum deposit is $100. EAs are allowed and no commissions are charged.
Raw Account:
This account is characterized by raw spreads starting from 0.2pips. A commission of $4 per round is applicable. $200 is the minimum amount required to open this account.
Swap-free Islamic accounts are available on all account types. The demo account is preloaded with $50,000 virtual money and it is available to all clients.
Deposit and Withdrawal Options
HYCM does not charge deposit fees and also does not charge on withdrawals above $300.
The minimum deposit using Bank transfer method is $250 while the minimum withdrawal amount is $300. Bank transfers are very slow and may take 1-7 days for processing.
The debit/credit cards that HYCM accepts are those issued by Visa and Mastercard. The minimum transaction is $20. Card payments are normally processed within one hour.
The e-wallet payment methods accepted are Skrill, Neteller, and WebMoney. The minimum transaction is $20 and the transactions are completed within one hour.
Web, desktop and mobile trading platforms
Only the MetaTrader platforms are offered by HYCM. They are as follows:
MT4
This platform is well known among forex and CFD traders. It is replete with technical analysis tools, customizable features and order management tools. From the MT4, trading can be automated through the use of Expert Advisors (EAs). The HYCM MT4 is available as a desktop application which can be downloaded and installed on the windows computer. The mobile version of the MT4 is available for android and iOS devices.
MT5
The MT5 trading platform was designed as an upgrade to the MT4. The MT5 features tools for technical and fundamental analysis and extends the features that already exist in the MT4. It also supports the development and use of EAs to automate trading. From the HYCM website, the Windows desktop version of the MT5 can be downloaded. The MT5 is also available for mobile trading on android and iOS. The apps can be downloaded from their respective stores.
Platform Trading Tools
HYCM provides technical analysis from “Trading Central” directly on the MT4 platform charts. Trading Central is a financial research firm that provides technical strategies, analysis, and signals on a wide range of trading instruments. The Trading Central MT4 plugin is available for download on the HYCM website.
Customer Support
The HYCM client support team is available 24/5. You can call them on the phone or reach them by email. There are different emails for client support, account opening, general inquiries, and complaints. Instant chat is available via web chat, Viber, WhatsApp, Skype, Facebook Messenger, and Telegram. HYCM is on social media: facebook, twitter, LinkedIn, Instagram, YouTube, and Crunchbase.
Research tools and Education
‘Market Outlook’ features the daily market review, news, and commentary.
The Pip Calculator, Currency Converter and Margin Calculator are provided on the website. The economic calendar is also available on the website and on the MT5 platform.
HYCM has educational resources on its website. There are 12 training videos on the MT4 platform. There are lots of videos on trading tools and trading strategies.
Live online webinars come up every week. Workshops also come up periodically on the HYCM website. Seminars are also scheduled from time to time.
Bonus and Promotions
HYCM does not offer any bonuses, rebates, promotions or contest to its clients from Europe. This may be in compliance with regulatory restrictions on promos by CySEC.
But international clients are offered an automatic 10% on first deposit.
Conclusion
HYCM is an outstanding broker with over 40 years of experience and multiple regulations. The broker offers over 300 trading instruments on cutting edge platforms. The account types are designed with a focus on traders. The broker also provides some trading tools and educational resources. The broker has over 15 industry awards to show for its excellent services. HYCM is a regulated and experienced broker that is recommended to all traders.
Can I open account from Nigeria,
Nigeria is OK, its NOT in the list of countries HYCM doesn’t work with. So feel safe and trade smart. Good luck!
I always tend to trust my own exeprience fist of all. So I’ve deposited the minimum amount to check how good the broker is and whether they’ve found the ways to provide good execution speed. Yeap, the answer is definitely yes. Executions are super-fast, no slippages so far. So I’m planning to transfer the rest of my account from the other brokerage here. HYCM was definitely not waisiting their time all these years and learned how to do successful business and please their partners and customers.
I think hycm is a good solution these days. There are not many brokers now, who provide a stable connection with no delays and the same quality executions. Standard trading platform is a big plus in my opinion too.
How does the hycm terminal function during the news? Won’t it hang?
Can I trade here on the weekend?
Forex is 24/7,stocks and commodities depend on the exhange they’re traded, most of them can’t be traded on the weekends. But techically – yes, you can, but not all assets, probably cryptocurrencies only will be available on weekends 🙂
Many regulations, including respectable (FCA and CYSEC), long history and a lot of positve reviews. However, trading conditions are worse than offered by less respectable companies. For example, HYCM spreads are higher than offered by unregulated brokers. So, you should decide
I’ve read many hycm reviews and most of them are concentrated around HYCM regulations. That’s true, HYCM is well regulated, but that’s not only one brokerage advantage, there are many others. I mean reasonable spreads and educaitonal opportunities, that may help traders to build their own way in trading. Also, there’s good support service, I usually get answers via email and that’s really convenient.
When I was just about to open an account with HYCM, I read a lot of hycm reviews to know what kind of brokerage it is and how it works. In general, the reviews were quite positive and I finally decided to open an account with a broker.
Since the broker has 3 accounts types, and their trading conditions are quite different, it took a long time to choose. I’m just kidding, no. You can find a 5-question test on HYCM website. This test selects the optimal account type for your trading. But the fact is that many traders from time to time complain that the test sometimes selects not the most favorable account for future clients of the brokerage. So don’t blindly believe the test results, think a little for yourself.
I personally came up with a Classic account, I still trade on it.
As for the trading conditions, the broker didn’t impress me much. More or less standard broker, reliable, works well. What really impressed me most about HYCM is that with a broker you will be able to trade 14 types of cryptocurrencies. And as for me, it’s very cool, I haven’t seen a similar offer at brokers.
I like to trade in hycm, I have a big dynamic here and it is much easier for me to control the situation, I think it’s time to invest more money.
Hello dear i want to ask you if you can give me an offer for trading account with 1 fixed spread on usd/chf with zero comm and swap . Thank you
Residents of the European Union can’t count on high leverage with European branches of HYCM due to strict regulation requirements. However, I don’t care about this because I’m used to trading stocks. You know that stock trading doesn’t require high leverage.
In other regards, the broker absolutely suits me because I have never had any issues with it, either with the trading process or withdrawals.
I m from iran can i open an account
Unfortunately, the broker doesn’t work with this country.
Well, it’s time for me to write a little hycm review, because I have already spent almost a year with this company and now I can objectively talk about my experience and my impressions of it.
Well, to begin with the fact that I was immediately helped at the stage of registration. The customer service is always helpful and good enough for you to quickly resolve any issues or clarify any necessary data. This is of course a big plus in fact.
And then I fell in love with the fixed spreads. I really had no idea that I could speed up the whole process and prepare every order. Although if that does not suit you, you can choose other types of spreads, the main thing is that they are there.
I chose this broker because I value reliability first. When I started to make the first steps in trading, I had no idea what was the main thing in a broker. I thought that I needed brokers with ultra low minimum deposits and attractive bonuses.
Then, once I gained enough experience I started to realize that brokers with bonuses and very low deposits are usually unregulated brokers that often have liquidity issues. This understanding made me look for reliable brokers with a rich experience of working in the field.
HYCM is one of them. My three-month trading experience with this broker showed that my choice was right. By the way, the broker offers to trade with fixed spreads. I took this opportunity because such spreads allow to trade without any restrictions during volatile sections.
Great work experience is always a great advantage! I’m right? I think yes. HYCM broker and the group of companies to which he belongs, work with finance and are respected in the financial world! I have the right to say this because I am not far from the financial markets person. But still, I want to always learn and receive new information. It’s important for me. I think you can also give me new information.
To be honest, I don’t know and I want to know what spreads does HYCM broker provide to clients ??
Spreads with this broker vary from 0,2 to 1,8 pips based on what account you choose. What’s more, 1,8 pips are fixed spreads, while spreads on other accounts are floating.
That’s right, a very honest article. Indeed, the hycm is wonderful, I work with it without any problems. The only thing that worries me is the long withdrawal of funds to the card. This is a common problem for many international brokers. As far as I understand, this is due to the bank verification procedure. If possible, it is better to withdraw through payment systems. But I need a card. I learned how to plan translations ahead of time. I just regularly withdraw money every week. I especially like that there is no commission when withdrawing to the card. Not quickly, but they will save my money.
In February I registered an account with this broker. I did not have any problems with registration, they did not ask for any extra documents/data during verification. During all the time I worked with Metatrader 4 I did not have any problems with orders processing, the same can be said about withdrawal of funds. I have almost all funds withdrawn here, I needed them to close my credit. I have left only $600 on my account and I have started trading again and now the deposit is bigger. This for HYCM was also a test of honesty and the broker passed it. The broker has been proven by years of work with many successful traders.
How to choose the type of a trading account for my trading needs?
I advise you to open a demo account and trade various assets using different approaches. Try to scalp or trade in the long term. Make use of different strategies. Try to trade in the daytime and at night. I should help you to understand who you are as a trader and it should help you to choose the right trading account.
Most of all I like the fact that HYCM is incredibly reliable and consistent and this mattered to me the most when I chose the broker. There are so many shocking news about forex scam and scandals when traders cannot withdraw their money from such ‘brokers’. So, I decided to play safe and found the most trustworthy broker which operates for more than 40 years. Trading conditions are nice and taking into account the fact that there is an opportunity to trade with EAs, I’ll try my hand in building my own bots, hopefully, they will bring me the profits.
Guess that the most important thing in the process of choosing a broker is to be convinced that it’s well regulated and customer support is quite responsive. To my mind, brokers always should comply with regulations, because it helps them to form a good image on the market. This one also offers several trading platforms and several types of account. As far as I concerned it’s created to gain attention from traders. So, I believe that such conditions stimulate traders to run successful trading activity.
I personally joined this broker because it had fixed spreads. Earlier I had an opportunity to trade with fixed spreads with several brokers, so I was aware of their advantage for news trading. News releases always generate high volatility and in turn it results in increased spreads, I mean floating spreads, of course. Fixed spreads remain intact all the time that makes your trading more predictable.
It is a well-known broker that operates in more than 140 countries. About 200 different stocks, 14 types of cryptocurrencies are available for trading at the broker. The broker supports trading on two trading platforms, among which there are Metatrader 4 and Metatrader 5 platforms.
I have a Raw account opened, no spread but with a small commission on turnover. There is also an account with fixed spreads. My trading is stable, no problems with withdrawal, technical support is friendly and responsive.
Does anybody know if there is an opportunity to get VIP account with personal manager and analytics?
This broker doesn’t offer bonuses and I find it even an advantage because to my mind. Bonuses are marketing tricks and nothing else. They are reportedly can be used in trading but you know they can’t work each time a pullback takes place.
Instead, the broker offers advantages that makes it more attractive in contrast with its rivals. It offers to choose between floating and fixed spreads. Today most brokers provide floating spreads, but they can be disadvantageous under some circumstances. For example, they widen at night and in the daytime during news releases that makes your entry to the market less beneficial. Fixed spreads make trading predictable because they don’t move.
I think this site provides the greatest information about the HYCM broker. This is indeed the case. When I heard that this company has been working for more than 40 years, I immediately decided to find out as much information as possible about HYCM.
I am amazed with several things:
– there are MT4 and MT5 trading platforms. Thanks to the demo account, you can choose what you need.
is a multi-regulated broker. This is what gives confidence in the honesty and legality of this company;
– more than 300 trading assets for trading 24 hours.
I think I’ll open a real account here soon.
I found this broker after reading numerous reviews on various sites. I found this broker through numerous reviews on thematic websites. I started to have losses here at the beginning, but then I caught up with the theory and everything started to work out.
For players, the natural reaction when they lose is to fight the losing streak with more risk on the next trade. If you are learning forex, make sure you don’t have these gambling traits, especially if you are a beginner.
Therefore, psychological stability when trading with HYCM is very important. I want to ask beginners, what tactics do you use now when trading with HYCM?
To tell you the truth, I am not really sophisticated trader who is aware of numerous trading strategies to follow. Through numerous articles and webinars I came to the conclusion that the most efficient thing to follow is market and risk management combined with the appropriate risk/reward ratio. I feel that it is next to impossible to make up such a trading strategy which will bring you the profits in 100% of cases that is why it is of great significance to be able to protect your budget from occasional fluctuations.
I agree that it’s a reputable company. I’m already trading with it. I opened a fixed account with this broker to specially to trade at night. When spreads don’t move I have no reasons to worry at all, especially when building a system of pending orders.
If you need help with getting back your money from a bad faith broker, contact hacker ADAM WILSON . HE helped me along with friends and family that was referred to them, reach him via email, adamwilson DOT trading AT consultant DOT com. You can contact him for anything
This broker grabbed my attention mainly because I noticed how much trading instruments are available here. For me it was a total nonsense, because my previous broker couldn’t offer me something like that, that’s why actually I started to seek for a new one.
This one is well regulated and have some licenses, this fact means that one can easily rely on this broker and should be convinced that he/she can immediately get any help which he/she needs. The system of types of account varies trading activity and makes it diversified.
I expected that it would not trade very well when I started working with this broker, but I was pleasantly surprised. There are no requotes, as well as slippages, I have already successfuly withdrawn money 2 times. It’s a nice broker overall!
The very fact that they don’t offer bonuses attracted me to the broker. Certainly, I also learned that they have a license but this thing is smth that should be the broker’s primary concern, I suppose. Yeah, they are regulated but the absence of bonuses make me trust them more. You know that even regulated brokers still retain some room for slight manipulations, so minor that their watchdogs can hardly notice.
Bonuses are a typical example of it. Bonuses are a pure marketing trick to lure newbies into a trap of losing money from the very beginning. The fact that the broker doesn’t give bonuses proves that it gonna attract experienced traders first and it respects its audience.
A lot of people are looking for online income and some choose Forex trading. But there are a lot of brokers and everyone offers something interesting to traders.
I am wondering, what are the 2 main advantages that HYCM broker has that would make me decide to open an account here?
I mean the things that are better than other companies.
The brightest feature of hycm is its regulations and rich experience of working on the market. I doubt that it is going to be an easy task to find a broker which has four official regulations and which works for more than 40 years.
Secondly, I should point out the stability of the service provided by hycm. Everything runs fast and smoothly here.
Yes, indeed, there are no commissions for Fixed account and Classic acount… But I advise you to take a closer look at raw account, it is especially good for scalpers. I make a lot of trades every day and pay a commision of $4 per round with raw spread…
That is a pretty nice overview of hycm broker and being a trader who works with it, I cannot even come up with anything to add to such a description.
Perhaps, I should highlight the key points which are of great interest to me personally.
As for me, I use their market outlook all the time. The very meaning of this feature is that it provides the traders with certain financial digest of what is going on the markets. It is necessary to have at least some basic idea of what to expect from the markets at a given day. This feature is very conevenient and useful at the same time.
I actually heard that hycm is a decent forex broker with multiple regulations and long history of operation on the market. I wonder whether I can trade cryptocurrencies along with forex here?
Yes, they have a wide range of cryptoassets, from Bitcoin to modern coins.
Oh, I trade crypto! HYCM has wide selection of cryptocurrencies. It’s convenient when I can trade different assets on one platform 😎
I chose this broker because I thought that we could work together. I have a solid experience in trading and it was a real pleasure to me to find out that this broker offers the access to such amount of instruments for tradding. I mean, indices, cryptos, stocks, forex and many others. All of them have own conditions which are unique.
Guess that all brokers have to offer access to various instruments in order not to let trader be bored. Nowadays I trade crypto and everything is okay. of course I have pitfails, but there is no trading without losses.
I can’t claim broker offers something outstanding. Still I can ensure it’s good partner for long term-trading plans.
TY for article. Regulations and security of funds is the main thing for me to check before starting trading. I would better spend hours on exploration of regulations, rather than start trading, y’all know.. it’s crucial! So, as I understood HYCM is a well-regulated broker and traders can trust it. CySEC and FCA are the triggers for me to continue working with the broker, I trust these regulations and I suppose the broker is great as well
no traders actually prefer brokers without regulations and it’s a fact! i also don’t prefer brokers which can’t provide the proofs of their reliability, thus i chose hycm as it really has plenty of such ones.
i would also add that this company offers an access to several trading platforms and it’s quite convenient, MT4 platform quite annoyed me thus I decided to choose MT5 here and was a bit disappointed that it has little differencies, nevertheless I tried it and it’s okay.
Yes, this is all true. I have already opened HYCM and can confirm broker is ok
How long did it take you to achieve steady profits in trading with HYCM?
yes thats right i have the same opinion about this broker. for 8 years of trading i have no problem with any moments anyway its all depend from your trading skills itself than from broker services. thats my thought
Yes, indeed… Not many brokers can boast such history. HYCM has been on market since last century. That sounds amazing! And it’s a sign of quality. Broker has large number of different instruments. All of them are available to trader on broker’s platforms. Speaking of platforms. It’s nice that broker uses classic MT4 and MT5 platforms. These platforms are time-tested and proven by millions of traders.
In my opinion, broker licenses are good sign. Here we see a lot of licenses from different regulatory agencies
my impression of cooperation with HYCM. yes, they have several types of accounts. minimum amount to start 100-200 dollars. i think you should start with the amount that you can afford to lose. it will be easy for capital.
broker offers MT4 and MT5 platforms. you can download it from the broker’s official website. don’t be afraid, there are installation instructions. it’s easy!
i want to look at their calculators and economic calendar. haven’ t really found time for that
i invest with hycm and glad that it came to my life so easily. there are three types of account so you can find your own personal trading conditions
Before opening a HYCM real trading account I would strongly recommend:
1) explore the education section of HYCM. It consists of a wide range of articles & videos on various themes. It is never too late to learn, even if you have years and years of trading experience behind your back. To give you an example, I used Fibonacci levels heavily in my trades, but then I began to use other indicators and forgot about it. One day I ran across fibonacci article at HYCM and immediately remembered how efficient fibonacci levels were in my analysis. Everything new is well forgotten old.
2) make a demo account. You won’t have access to different types of HYCM accounts, however you’ll have full impression on what it’s like to trade with a broker. Demo account itself is a controversial topic, to my taste it can be helpful occasionally. HYCM demo accounts are only meta trader 4 based. It means you’ll have limited amount of instruments, basically no shares.
Eventually don’t push yourself on real trading at HYCM, evaluate all pros and cons to make weighted decision.
Facts… I explored the educational content right after I sign up on the hycm platform. It was super interesting to me what does this broker offer for gaining knowledge and theoretical base.
I was astonished when I noticed bunch of webinars and tutorials which are directed at traders’ skills development. It’s cool.
Changed so many brokers in my life that I lost count 😅
Ain’t know the reasons of such a behavior, but I hope all the brokers would forgive me… The last one and I believe that it’s really last one – HYCM broker seems to me pretty attractive with a enticing conditions and fascinating platforms for trading.
Have been trading here for… couple of months? Dunno know for sure, just tryna remember…🤔
No issues at all. All the issues were solved due to the help from customer support right after my request or just due to reading FAQ.
No opportunity to trade with EAs on fixed account… perhaps, it’s quite disappointing.
Nice advice actually. Support all of them – can add that demo account is pretty important for traders, yeah, as you have noted it’s a very controversial theme, but I fully support the idea of trading on demo. Not for so long of course…
As for education, then I’d note here that the necessity of learning theoretical materials is overestimated and I try to keep the position of practicing/emperical methods of receiving knowledge.
no issues with depositing money. that’s something I like and something that I seek for. when there are no issues with depositing, then it’s an indication of a proper broker I bet.
It might be surprising, but I hated trading until particular moment of my life. yeah, these days I am considered to be a real trader, who have solid “turnover” and have money to live my life, but in the past I was a real enemy of trading.
I wonder how fast the times flies and how fast the opinions are being changed. I realized that trading is all about opportunities and affords people to earn money staying at home without any need to attend hated job.
My journey in trading started from the invitation from my friend who is a professional trader and he invited me to join HYCM broker. I told him “You’re crazy? I hate it”… Eventually, I am here 😀
Why I chose HYCM? Just because my friend advised me to do that. I obeyed… 😀 I started trading here because I liked the educational content provided by this company. You know, I was a total rookie with zero knowledge in trading and due to the webinars, workshops and tutorials from this broker I have everything now.
Moreover, when I understood what do spreads, leverages, indicators mean, I realized that the set of instruments here is perfect. Yeah, all traders have their own taste on such things, and all traders decide on their own, but it’s my honest opinion.
I agree. It takes a little to understand that HYCM is perfect place for starting trader’s career. Just open demo account and start to learn trading with HYCM training materials.
Many people have doubts at beginning. That’s why demo trading is perfect for understanding how financial markets work and what you can earn on them.
HYCM offers ideal solutions for beginning traders. I say so because used to be beginner myself =)
I decided to start with HYCM because it offers two crucial elements for trading education!
1. Learning materials. Every week I’m still connected to weekly webinars with HYCM leading experts. These materials are great theoretical base for beginners.
2. Demo account. After getting theoretical knowledge, you should always practice! Demo is perfect for this.
I think that combination of theory and practice will help beginners to become successful.
Learning is the base! Totally agree you should combine theory and practice, and HYCM is a valueable helper!
Hycm is a trustworthy company that has accompanied me for couple of years already. I remember distinctly that the deciding factor was the rich brokerage history. C’mon decades of experience you can’t see very often in this industry. So Hycm immediately stood out for me, and I don’t think it took long time to make up my mind and start trading here.📈
I am new in trading and can’t understand why broker offers more than one account type. What are these account types for?
These accounts are for our convenience. Our I mean traders.You’re still too inexperienced to understand that there are as many trading strategies as traders. They are divided by types, but all those types are pretty conditional. Ultimately every trader should craft his own tactic that will bring him the necessary results.
In addition we all have backgrounds. I started to trade on metatrader and use it till these days. And I believe I will be using it in the future, because I’m too conservative when it comes to forex trading. By the way, all the traders that I know are also very conservative. They don’t like to change things. Whether it’s a trading platform or tradable instruments.
So hycm offers several platforms for traders to be able to choose their favorite. The one that they are comfortable to trade with.
All this means that Hycm is a customer-oriented company. Its primary goal is to satisfy the needs of all clients and make everything for traders to think about only trading.
really big bunch of different currencies and stocks that I can trade! awesome!
Accidentally started trading here. What I mean when I say accidentally?
I just scrolled the pages i nthe net and faced a native ad. Decided to try trading here. In the past I had a trading experience, but after I dumped my deposit because of 1:50 leverage and decided to stop trading.
Recently started trading again with this broker. The conditions here are pretty attractive for me. I like floating spreads and of course tight ones. Raw account is available here for all the traders as it doesn’t require big deposit. In addition, there is an opportunity to trade with expert advisors.
Had the same situation. And returned to trading with HYCM. They had too attractive conditions to reject:)
The convenience is considered to be something I take into account when choosing a broker. This one offers several accounts, desktop and mobile MT4/5 platforms. All the technical instruments which I require also delight me a lot.
I glad that hycm accepted cryptocurrency for payments. Not every broker do this convenience.
maximum leverage is 1:500, happiness for crazy ones 😄
My first impression of broker is only positive. I was interested in its trading conditions and ways to deposit and withdraw funds. All this is good enough for me!
I noticed that HYCM is licensed by international regulators. What does it mean for usual traders?
Regulation is very crucial for traders. When your broker is licensed, its activity is supervised by a financial watchdog. It can punish the broker, if it tries to break the law. A licensed broker can’t be a scam. With a regulated broker, your rights are protected.
raw or classic accs are my favorite ones. can’t bear fixed spreads and don’t advise you. but it’s up to every taste.
The broker has restricted my trading to MetaTrader. MetaTrader works fine for me, but it is not my favorite. Although the hycm platform supplements it, logging in doesn’t require two-step verification. I’ve only been trading with the broker for a month, but I’ll stick around because this is a decent broker.
Some time ago, I decided to change brokers. Trading conditions were not suitable for me. Also, deposit and withdrawal options were too inconvenient for me.
My choice has stopped on HYCM.
I opened account with this broker and am very satisfied with my choice!
I am not going to bore you with the technical terms but this broker has low trading fees relative to other brokers. I pay less when trading with this broker than I do trading with the others.
What is the hycm analyst view?
It’s nearly perfect brocker, except for leverage.
Hycm offers an awesome opportunity to trade cryptocurrencies. There are big number of them also. On the downside the most part of them is not available for MT4 and I wish the leverage would be a bit higher.
What do I need to know about HYCM trading platform before opening trading account?
There’s nothing special about this. HYCM offers standard trading platforms. These are Metatrader 4 and Metatrader 5. If you are absolutely new in trading, you can explore both platforms on a demo account.
Hycm is regulates by the big numbers of watchdogs. I trusting a company completely.
I have attended a couple of the webinars hosted by the professionals at hycm on Mondays and Wednesdays, and they are really informative, and there is always something to learn. The Hycm reviews always mention the quality of the webinars, which are hosted by the chief analyst, Giles Coghlan, and I had to experience it for myself. I began to attend three months ago and have not missed a day since. I understand the market and the behavior of currencies, metals, stocks, etc., a lot more than I did before. And the only thing required to join is a demo account with the broker, which is free😎. I like the broker a lot for this reason and will continue to trade here.
I use HYCM brooker for couple reasons, one is I am personal stock trader with me own money, second I do professional forex trade for own my company for international trade. I using HYCM platform for two business in short, and it work great!
HYCM rules the market, no objections are accepted…
A really fine place to trade. You see, it is the trust factor for me. This broker has proven to be a safe one over time. I only expected that there would be a proprietary platform. But it is all good.