- Types of accounts
- Reviews (65)
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.
- The 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 platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
- Number of trading instruments 69
- The number of CFD instruments 270
- The number of metals 8
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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.
WhatsApp him on +84 94 767 1524.
Or Email Jeffsilbert 39 @ gmail. Com
I'm talking about the solid list of licenses that this broker has.
Despite the different attitudes to HYCM, it is impossible to argue about the reliability of this company.
No flaws whatsoever!
I guess there is such thing as a “perfect broker”, but it’s a perfect broker for every person individually. For me it’s HYCM, for sure.
I found the most competitive spreads here, for a very reasonable minimum deposit of $200.
On top of that the broker has a positive attitude towards the scalpers and algo traders.
The implication of the expert advisors is smooth because of the platforms that HYCM provides: MT 4/5.
I told ya, my perfect broker!
Usually, the reviewers just list these licenses without describing what they mean. But I believe that it is important to understand their purpose. After all, the safety of my money and the money of other HYCM customers depend on it.
Each of these licenses means that the broker operates under the rules set by the organizations that have issued these licenses.
In simple words, several financial organizations are making sure that a broker works honestly.
Moreover, this means that HYCM has sent requests for these licenses to confirm its honesty and reliability in such way.
Of course, some brokers are not licensed but provide services honestly. But in my opinion, the licenses that HYCM has to make this broker more solid in the eyes of traders. Which, of course, is true.
On top of that you can submit to webinars or seminars with the broker’s experts to behold the process of decision making with your own eyes.
This type of training is also valuable because you can ask the question in the real time, unlike the ordinary video, for example.
The broker also offers good trading conditions. I personally chose a Raw account because it offers the best spreads.
I want to say that some branches of the broker have small leverage for currencies. That’s the only fault, but there are enough people who like and can afford trading with small leverage. For these folks the broker has no flaws at all.
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Whatsapp: +1 321 988 1375