HYCM – The Best Forex Broker?
Read our HYCM Forex broker review below...
...HYCM is regulated by the FCA and the CySEC through its European offices located in London and Cyprus. In addition to these countries, the broker also has offices in Kuwait and Hong Kong. HYCM specializes in all international currency and stock markets.
HYCM provides a variety of financial services in more than 140 countries around the world. The company has also received numerous awards and is the preferred broker for traders around the world. In addition, the broker acts as a liquidity provider for institutional investors. The site interface is simple and easy to understand, and there are also 300 trading tools available to you.
40 years of experience
Excellent trading platform
Highly secure & reputable
Favorable terms of trade
More than 300 instruments
Scalping is not allowed
Limited info on website
No copy or social trading platform
Slow work of support
Does not accept US traders
HYCM is one of the branches of the international holding Henyep Group, which specializes in providing services in the field of economics, education and charity, as well as real estate. The group was founded back in 1977. In 2007, the launch of the online platform HY Markets – the popularized name Henyep Capital Markets UK Ltd. In 2016, Henyep launched the website HYCM.com – the ability to conduct online trading through a multifunctional platform. HYCM works with retail and corporate clients who are provided with access to different interbank rates through various platforms for trading in automatic mode. HYCM offers a combination of high quality, customer service, transparency and a competitive trading environment, which is why HYCM has become one of the safest and most attractive brokers in the industry.
The regulatory body ensures the integrity and transparency of licensees and confirms that only companies with a high degree of reliability are entitled to receive a license to carry out financial activities in the jurisdiction of the registrar. HYCM is regulated by the most influential bodies for doing business: FCA, DFSA, CIMA, CySEC № 259/14.
All company funds are held in segregated accounts and are not available for personal or commercial management of HYCM. In addition, all clients of the company can receive compensation from the FSCS. Thus, if the company fails or interferes with the trading process, then traders will be able to receive compensation in the amount of £85,000.
HYCM broker specializes in investing and online trading using all available opportunities of the international market. Here you can find your favorite asset, whether it be the currency pair EUR/USD, gold or Google stocks. The speed of opening and closing orders here is quite high, delays in execution occur very rarely. Sometimes there may be slippages, mainly during sharp price spikes. The best performance is on RAW accounts (NDD technology). In the event of a dispute, the client can always seek help from the technical support service, which works 24/5.
All accounts can be opened in EUR, USD, GBP, RUB, AED, CAD. Traders can start trading with a deposit of only $100. Regardless of the account type chosen, orders are executed quickly and a complete list of trading instruments is provided. For clients whose religion does not allow trading with additional commissions, it is possible to open an Islamic account where there are no swaps. his broker cannot boast of favorable trading conditions for beginning traders – there are no cent accounts, and the minimum lot is 0.01.
It is important for the company to provide modern software and quality control in order to be sure that customers will receive the best and most transparent trading experience. Trading is carried out on MetaTrader 4 and HYCM PrimeTrader. Also available mobile apps trading platforms for iPhone / iPad and Android. You can work on the PrimeTrader platform on the broker’s website, which also contains all the services necessary for effective trading, its capabilities are the same as those of MetaTrader4. The platform includes a number of tools for displaying indices and charts, so you can do in-depth analysis of market trends. Traders can trade the most popular assets: currency pairs, CFDs, oil, metals, raw materials, indices, stocks, cryptocurrencies.
HYCM, like many serious brokers, offers its customers a sufficient number of options for depositing and withdrawing funds. Deposit methods include: Visa/MasterCard, Bank Transfer and Neteller, Skrill and others. Wire withdrawals less than $300 will incur a $30 fee. Withdrawal is made within 1-3 business days. Payments are not processed without verification. All transactions, both commercial and non-trading, are conducted through encrypted channels.
You will find a wide variety of analytical tools to help you better navigate the financial markets. Here you will not only get the best trading conditions, but also help and support at all stages of your growth. In addition, the broker is licensed activities in the EU, which means that customers can trade in a safe and secure environment and can be quiet for the safety of their funds. Opening an account in HYCM is quick, and to start CFD trading, you just need to fund your account. Traders looking for a stable Forex and CFD broker should take a look at HYCM. For all questions of interest, it is possible to contact a financial adviser by telephone, online, or by receiving an answer by e-mail. Overall, HYCM is not a bad option for traders.
HYCM FAQ on the broker
1 Is HYCM a regulated broker?
Yes, HYCM is regulated by CySEC, FCA, CIMA, DFSA in United Kingdom and others.
2 What trading platforms does HYCM offer?
HYCM offers the full suite of MT4, MT5, Mobile, Web.
3 What is HYCM maximum leverage?
Maximum leverage at HYCM is 1:300.
4 What methods can I use to deposit and withdraw funds on HYCM?
Deposits and withdrawals with this broker can be done using these methods: Visa, Maestro, Mastercard, PayPal, Bank Transfer, WebMoney, Skrill, Neteller, Western Union.
5 What is the spread of the HYCM broker?
The spread for this broker is on average HYCM is 0.2 - 1.8 pips.
6 What’s the minimum deposit to open a Live account at HYCM?
The minimum deposit to open a Live account is 100 USD.
7 What cryptocurrencies are available at HYCM?
In this broker are the following cryptocurrencies for trading: BTC/USD, LTC/USD, ETH/USD, XRP/USD, BAB/USD.
8 In what currency can I open an account with HYCM?
With this brokers you can open an account in currencies: EUR, USD, GBP, RUB, AED, CAD.
9 What Trading Instruments are available at HYCM?
On HYCM, you can trade financial instruments such as: Forex, CFDs, Oil, Metals, Raw Materials, Indices, Stocks, Crypto.