HYCM.com, formerly known as HY Markets, is a member of the Henyep Group, an international conglomerate with more than 30 years’ experience in providing financial services. Choosing this broker guarantees peace of mind, as they have an international reputation for reliability and trustworthiness. Finding a Forex broker with such an enviable pedigree is definitely going to be advantageous. If you want to know more about their service keep reading this HYCM review.
Customers can also learn more about HYCM’s offerings through a series of FAQs that aim to answer some of the most common questions from different customers. Although the HYCM Knowledge Bank covers most of the company’s offerings and other articles that can help a client as he navigates forex trading, having someone who can answer other questions immediately is a welcome option. HYCM has got that covered with its Live Chat Support. Knowledgeable trading agents are always ready to chat with customers on issues and areas of the company and forex trading as a whole that they don’t understand.
The list of its regulatory compliances is pretty impressive, with licences issued by the FCA in the UK, the SFC in Hong Kong, and the DFSA in Dubai. By virtue of their compliance with MiFID, they are also authorised to operate throughout Europe. HYCM is able to offer traders a wealth of trading opportunities, from stock and commodities to a long list of currency pairs.
As broker fees can vary and change, there may be additional fees that are not listed in this HYCM review. It is imperative to ensure that you check and understand all of the latest information before you open a HYCM broker account for online trading. MT4 is customisable to suit your own unique preferences with a large collection of built in indicators and trading templates for technical chart analysis.
Top 3 Forex Brokers
Larger accounts qualify for the VIP Personal Dealer Service which provides cutting-edge service and access to all markets. Ranking of brokers are subject to change. Elements that impact our ranking include general Broker Information, such as regulation, year estableshed, avaliable languages, trading platform features, ease of use and customer service. Additional elements that effect the ranking too are the number of consumer visits, percentage of sign ups and purchased services, the user device, operating system, location, the day of the week and time of day.
Trade! Trade! Terms & conditions applyCFDs are complex instruments https://forexarticles.net/ and come with a high risk of losing money rapidly due to leverage.
You enter your name, email, country of origin and phone number. Then you answer a few questions about your background and financial knowledge. HYCM is a safe and secure way to trade forex and CFDs. The company and its subsidiary are regulated by the Cyprus Securities Exchange (CySEC) and the Financial Conduct Authority (FCA). Learn more about our trading platform Millions of traders choose MetaTrader 4 to trade the markets, offering a multitude of opportunities to traders of all skill levels.
- We were unable to find any reference to the existence of an HYCM demo account option, which was a little disappointing, but the minimum requirement for a live trading account is only $100.
- You will be happy to hear that there is a range of available possibilities, from bank wire to all major credit and debit cards like MasterCard and Visa.
- HYCM also offers its in-house web-based PrimeTrade platform.
- HYCM, which is part of the Henyep Group, has over 40 years of operational history.
- Anyone seeking a trustworthy and reputable broker to begin their trading experience would do well to select HYCM.
- We have carried out an extensive review of this company and found it legit and recommendable.
As it has only one parameter, it can easily be optimised according to your preferences. Further information on entry and exit signals can be found by hovering your mouse over the mark up on the chart. MT4 hycm platform utilises advanced technology to provide a powerful and flexible trading solution for all types of traders. MT4 is available on desktop (Windows / MAC), web and mobile (iPhone / iPad / Android / Tablet).
HYCM take educational resources seriously and offer a suite of ebooks and video tutorials on their easy to use website to assist beginner traders in taking their first steps into the financial markets. The comprehensive information given offers insights into all aspects of trading including market psychology, capital management and charting techniques. Even experienced traders can find information that may be of interest to them with articles covering advanced analysis. It couldn’t be easier for novices to access all of the essential guidance to gain a foothold in trading or for professionals to hone their skills and maximise their profits.
HYCM has an education section on its website that offers a variety of tools for learning about HYCM markets and trading. Overall, the charting features of HYCM’s MT4 platform are excellent although a bit complicated to learn. The standout feature of the charting https://forexarticles.net/ on MT4 is definitely its ability to display multiple charts with different indicators at the same time. The MT4 platform is a well-designed platform with excellent features for more experienced traders. Depositing money in an account is fast and simple.
Trade! Terms & conditions applyCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Subjects covered include the very basic as well as more complex topics such as capital management trading psychology, market analysis, and trading strategies. Also included is a helpful guide to the MetaTrader 4 trading platform. Choosing a professional CFD broker such as HYCM will mean you have access to a comprehensive suite of educational material. Itâ€™s pretty obvious HYCM takes the educating of its clients to a whole new level. There are a range of online videos and eBooks available covering all manner of trading related subjects.
HY Affiliates offers you the opportunity to earn high levels of commission from one of the most established and reliable affiliate programmes around. Introduce your clients to the exciting and fast-growing world of online trading and generate high conversion rates with your traffic. Forex trading carries a high level of risk and may not be suitable for all investors.
Keeping up with their customers’ requirements, HYCM has managed to maintain its status as one of the leading Forex brokers. Having the required experience in the industry, HYCM understands what customers want and need from a Forex broker. That’s why their offer is all-encompassing in every regard. They offer several top-notch trading platforms, there is an HYCM mobile app for all types of phones, and their support is available around the clock.
Here, in this helpful broker review, you can find all the essential details that you will need to make an informed choice of broker with whom to register. The Henyep Group has its representative offices in several parts of the world. HYCM is primarily situated in the UK, but its branches are scattered across countries such as Cyprus, Hong Kong, Dubai, and Kuwait. HYCM is regulated by the FCA (in the UK) as well as the CySEC (in Cyprus), which are two of the major regulatory agencies in the FX market. HYCM is authorized by the MiFID derivative to offer FX products and services in mainland EU and to the EEA contributors.Written by