HYCM Forex Broker 2019 Review

HYCM’s Trading Account

Later on, going with the growth of technology in 2007, Henyep Investment (UK) Ltd launched the HY Markets online trading platform. Moreover, HYCM works as a division of Henyep Capital Markets that has an operational history of 30 years in foreign exchange and CFD’s on commodities, metals, indices, and treasuries.

Traders click on the Deposit Funds button on the main screen. Traders then select the deposit method of their choice, fill in the required information and click “Submit.” The minimum amount required to make a deposit starts at $100 for a Micro Account. As for cybersecurity, traders can feel secure using the HYCM platforms.

With HYCM as you can expect, you are facilitated to engage in trading of many forex currency markets. This comes alongside offerings in cryptocurrency, stocks, indices, and commodities to make a total of more than 300 assets available for trading through the broker. HYCM are regulated within Europe by the FCA is the UK, CySEC within the EU, and CIMA for global markets.

HYCM, which is part of the Henyep Group, has over 40 years of operational history. It is easy to open accounts at HYCM Crypto and to begin trading all the major markets with security and comfort. If you are looking for a reputable and trustworthy broker with whom to begin trading and invest your funds, HYCM is a good choice.

Subject include Introduction to the Capital Markets, Tips for Traders, Managing Risk, Trading Tools and more. The Prime Trader platform is HYCM’s brand new, multi-asset, flagship platform with integrated pricing, charts and trade screens, complete online account management and advanced charting. Online trading involving instruments such as CFDs, Forex, Indices, Commodities, Cryptocurrencies and Stocks may not be suitable for everyone.

In 2016, Henyep consolidated its capital markets investment brands and launched its multi-platform online trading website HYCM.com. Traders can take comfort in the fact that HYCM has a more than 40-year history of offering financial products and services https://forexarticles.net/ to the trading community. Traders seeking a stable, well-regulated broker that offers its customers access to over 100 forex and CFD products should check out HYCM. Please remember, while HYCM is a responsible broker, losses can still exceed deposits.

Trade! Terms & conditions applyCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trade!

The VIP account comes with lower spreads, a dedicated account manager and comprehensive market analytics. HYCM offer a variety of trading accounts to suit individual trader needs and levels of experience. If you are not sure what account to choose, there is a short questionnaire that will help identify the most suitable for you. All accounts are Islamic friendly and minimum deposits start at just $100. HYCM clients have access to a selection of easy to use trading calculators that can help with trade planning and management.

• That being said, this broker got a high Quote Accuracy Score of 10/10.
• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• HYCM has not forgotten the smaller scale, retail traders.

Education is an important part of choosing a broker, and HYCM have offered a comprehensive selection of articles, ebooks and tutorials to help beginner traders to take their initial steps into trading. There is a comprehensive range of information given which offers an insight into all areas of trading such as market psychology, charting techniques and capital management skills. Not only is the advice applicable https://forexarticles.net/ to beginners, but experienced traders can also find guidance with tutorials that cover advanced analytical techniques to help them to maximise their gains. There are several deposit methods available by which a trader can place sums of money into their account. Traditional methods like credit cards and wire transfers are also joined by WebMoney and UnionPay which gives a good choice to investors.

Although many trading products are very simple and attractive, the available information about often fails to properly match the practice. That’s why we decided to share our knowledge and provide you with the information and tips you need to take advantage of the opportunities offered.

HYCM accept a broad range of currencies including AED, USD, EUR, RMB, KWD and SAR. Withdrawals are also easy, being credited back to the initial deposit method. When using UnionPay, WebMoney or credit cards as the withdrawal method of choice, funds will be received within 7 days, but bank transfer withdrawals will be processed in a period of 5 days or less. There will be no fee levied on any withdrawal except in the case of a bank transfer with a $300 withdrawal or less. Since HYCM has over 40 years of operational experience on the global stage, it has longstanding banking relationships that can provide the best pricing for its diverse list of investment instruments.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. HYCM offer traders a range of assets to trade across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

HYCM (Henyep Markets) Review

The letters stand for “Henyep Capital Markets”, the retail-trading arm of the Henyep Group, a globally diversified conglomerate with over 40 years of operational experience in financial services, property management, education, and charitable activities. The firm is headquartered in London, but is also authorized and hycm forex registered in London, United Arab Emirates, and Hong Kong and complies with regulatory agencies in each jurisdiction. Risk Warning – Your capital is at risk. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

The broker used to provide an HYCM bonus for traders making a deposit into their live trading account, but it seems that the broker no longer offers any bonus due to the conflict of interest with clients. Bonuses also make it difficult to make a withdrawal, as traders are required to satisfy all the terms and conditions of the bonus before initiating a withdrawal, and more often than not, traders and their brokers always get into a conflict regarding the applicable rules and policies.

One option is the popular and well known MetaTrader 4 software which is exceptionally user friendly, with a clear and visually appealing interface. This leading trading platform gives users a wealth of advantages including Expert Advisors for automated trades, advanced tools and charts for technical analysis, and live news from the financial markets to give up the minute information. HYCM offers a broad range of assets for trading including currency pairs and CFDs across numerous asset classes. This broker have more than 100 different assets to select from across the categories of oil, commodities, Forex, metals, shares and indices. Leverages are offered on currency pairs up to 200 depending on the currencies selected.