- Types of accounts
- Reviews (82)
HYCM (formerly HYMarkets) is considered one of the leaders among Forex brokers and currently has more than 40 years of experience in the market. HYCM broker is a member of the Henyep Group, an international financial holding company founded in 1977 and headquartered in London (UK), which deals in financial services, education and real estate.
The main advantage of the HYCM broker is strict regulation, which is applied depending on the location of the company's offices in London, Limassol (Cyprus), Hong Kong and Dubai (UAE). In addition, HYCM offers an expanded range of trading tools, accompanying its clients with technical support.
The broker is part of a global financial company with a good reputation. The company's head office is Henyep Capital Markets , which is headquartered in London and is regulated by the FCA, which guarantees its clients the security of their financial investments. Other HYCM branches are licensed in Dubai (DFSA), Cyprus (CySEC), the Cayman Islands (CIMA) and Saint Vincent and the Grenadines.
Strict regulation means that customers are protected, and deposits are always separated, stored separately from the company's funds, and not available for HYCM's personal or commercial use. In addition, the company's clients are participants in the FSCS compensation program in the event of the company's bankruptcy.
The HYCM leverage depends on the jurisdiction where the trading account was opened. This means that each jurisdiction is subject to certain rules and laws, so depending on your residence, different leverage levels and trading conditions also apply:
- 1:500 for accounts opened in Dubai, Cayman Islands, Saint Vincent and the Grenadines (for international traders);
- 1:30 for traders from the UK and Europe.
HYCM trading accounts
HYCM has three main types of accounts to meet the needs of any trader:
- Fixed. A Commission-free account with fixed spreads starting from 1.8 pips.
- Classic. A Commission-free account with floating spreads starting from 1.2 pips.
- Raw. An account with a Commission of$ 4 per lot and a spread of 0.2 pips.
In addition, thanks to the international offer, there are Islamic trading accounts available for traders who want to trade in the markets based on Islamic principles.
As a leading financial services provider, HYCM offers its traders advanced trading platforms. HYCM broker prefers the popular MetaTrader 4 platform, but you can always choose the new version of MetaTrader 5.
HYCM also offers a mobile app for traders who prefer to trade anytime, anywhere. HYCM Mobile is available for Apple and Android mobile devices.
HYCM specializes in providing trading services and offers a wide range of more than 300 different financial instruments for trading Forex currency pairs, metals, energy resources such as oil and gas, commodities, indices, stocks, ETFs and cryptocurrencies.
As for the minimum Deposit amount, its size depends on the selected account type. However, it is possible to open an account with a $ 100 Deposit.
HYCM brokerage company has a good reputationIU operates in the financial market and offers professional services to traders in accordance with the requirements of the strictest financial regulators.
We will be happy if you share your impressions about trading with this broker, and novice traders will find real HYCM reviews here.
- Year of foundation 1977
- Head Office address 18 King William Street, London, EC4N 7BP United Kingdom
- Maximum leverage 1:500
- Min. deposit $100
- Regulation CySEC, FCA
- Trading Platforms
- Payment systems for input Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
- Payment systems for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
- Number of trading instruments 69
- Number of CFD instruments 270
- Number of metals 8
On top of that I can use trading bots with VPS hosting. The broker don’t limit me in any way of trading whatsoever.
Why apply for services to investing companies, when there's such a broker that allows you to be a day trader and investors simultabeosly.
And they are just giving people that. Clean and simple. Very good and professional company overall imho.
In general, the broker can be a reliable service for traders. This is confirmed by the licenses listed in the article.
and also you don’t have to break your piggy bank to be able to trade here. The minimum deposit requirement is only $100.
Which makes this renowned broker even closer to newbies and traders that have limited fundings.
There is a Raw account specifically for scalpers and their high frequency trading styles.
And last but not least there is a possibility to deploy trading robots on a renowned MT platforms. Which are the best for algo trading.
Anyways it’s a solid A+ broker for various purposes.
Of course on such assets like equities or cryptos, leverage is far more limited for a reason we all know.
This broker possesses a lot to offer to traders. For instance, a rather huge leverage contributes to swift deposits boosts. Nevertheless, it's only applicable alongside with a wise risk management strategy.
Indeed, it's better to add some more trading platforms, but it's not critical at all. Both existing ones work perfectly.
Then, you say “a huge min. threshold”. A hundred bucks can hardly be a big threshold. Today many brokers offer such a minimum depo.
Are you out of your mind?
First of all, HYCM has a huge list of cryptocurrencies that you can trade.
And as for the trading platform, I can confidently say that MetaTrader is an absolute legend of trading. There is no more popular platform in the world.