HYCM

Forex broker
418.2
Rating
8
Reviews
$100
Min. Deposit
Trading platform
Regulation CySEC, FCA
Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
Seminars and training
Daily analyst
Low initial deposit
Islamic accounts
Bonus for replenishment
Segregated accounts
Affiliate program
Wide selection of trading instruments
Advantages
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Disadvantages
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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.

HYCM regulation

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.

Leverage

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:

  1. Fixed. A Commission-free account with fixed spreads starting from 1.8 pips.
  2. Classic. A Commission-free account with floating spreads starting from 1.2 pips.
  3. Raw. An account with a Commission of$ 4 per lot and a spread of 0.2 pips.

HYCM

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.

Trading platform

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.

Trading instrument

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.

Minimum deposit

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.

Conclusions

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
Show: All Neutral Positive Negative
Positive feedback from Tessy
Invest with a well known company where you will have access to create and fund your account yourself, have full access to be monitoring your trading, how your profit goes ,and at the end of every successful trading, you can place your withdrawal requests to your bank account or bitcoin wallet with no stress. I am a living witness. With Bloomcapitalinvestment@gmail.com, trading is made easy. I am a testifier of their good trading skills.
Positive feedback from neil
To be successful in forex.crypto investment, you need in-depth knowledge of how the market operates and to make proper predictions. Trading requires a lot of predictions so that you can know which assets to trade on daily. When I first joined the trading industry, I lost a couple of thousands to scammers due to wrong predictions and some bad scammers. After several loses, I got luckily got introduced to BloomCapital. Since then I have not been losing, they have been providing me with valid strategies that have help me made 117,000 USD. I can’t wait for what the next few months holds. If you are tired of scammers or losing money to trades, contact Bloom Capital on Bloomcapitalinvestment@gmail.com . Ensure you thank me when you start making profits.
Positive feedback from Naruchit Silamaharek
I first heard about this broker when I last time visited my trading group on Facebook. It was last month if I’m not mistaken. Folks described it as a veteran broker and in interested me. As a rule, veteran brokers are ultra conservative. On their sites you can find Metatraders developed ten years ago and a typical array of assets, including major and minor currencies, commodities, stocks, indices and that’s all. You can hardly find a lot of cryptos on their sites, but the main advantage of such brokers is ultimate reliability because it’s proven by one or two decades of hard work in the industry.
I don't’ need cryptos. Instead, I trade indices and metals. I often hold long-term trades on these assets. I opened two accounts with this broker: Fixed and ECN. However, I did it not because of their trading conditions. I just wanted to distribute assets between two accounts. It’s just a matter of convenience.
The broker proved its reliability. At least I can tell this after half a year of trading here.
Neutral feedback from Shyam Rana
Despite the fact that it is a very old and proven broker, no one guarantees you fabulous earnings when trading with HYCM broker. Even if the broker has good trading conditions, you still have to choose your own trading strategy and be responsible.
No one is safe from mistakes, but here I'm at least sure in the honesty of the broker and that my money will come to my card in time.
Positive feedback from Luka Marković
I think that it’s a good company for long-term cooperation because it’s regulated and boasts a rich experience of working in the industry. I personally didn’t know that this company was started in 1977 - the time when the foreign exchange market was established. Of course, this company couldn’t provide online brokerage services at that time because there was no Internet, but it had to do with the financial world and it’s an important fact that drops a hint at reliability.
As for the broker’s trading conditions, I should note the possibility to choose between tight floating spreads and fixed spreads.
Positive feedback from Alek Schindler
I occasionally learned about this brokerage company from reviews online. The first thing that I learned was a rich experience of this company. It’s one of the first brokers in the industry. Despite the experience of a broker you’d like to trade with is crucial its regulation is even more important. However, I didn’t admit a thought that an experienced broker could be unregulated. So, in this case, the company turned out to be regulated as I expected. However, their trading conditions were especially interesting for me.
The broker allows to choose between fixed spreads and floating spreads. As for the latter, you can even trade with tight floating ones but you need to pay a commission for this. It’s an ECN account, although it’s called Raw. I opened exactly this account.
The execution is good and the broker doesn’t keep me waiting when it comes to withdrawals.
Neutral feedback from Timothy
Forex trading market has been ruined and this company is no different. They have been deceiving people with lies of high returns on investments. Learned my lesson the hard way. Please try and do your research, you will definitely come across better and reliable forex trading agencies around you that would help you make profit and not steal from you. If you have been ripped-off by them you can report and make your case to a regulated crypto investigative unit who makes use to get money back, mxspy01 via google mail. They should be able to help
Neutral feedback from JUILET AMANDA
Easy said than done , I traded with HYCM for 4months hoping to get the best , but after much profit I was denied withdraw I tried severely till my account was blocked but thank God to Mr. Adam Wilson who made it possible for me to get all that have loss and even made more money with is unique and accurate signals. Get Mr. Adam on Mail at, adamwilson .trading @ consultant. com <> Whats-app +1870 - 345 - 7937 <> I believe in just 3days of meeting him your story must change.
418.2
Rating
8
Reviews