In most situations, HYCM applies consistent and/or symmetrical markups on spreads, as this helps the broker deliver highly competitive average spreads. The bid/ask prices are updated in milliseconds for continuous flow. When determining the best execution for an order, HYCM considers the client’s characteristics, the order, the financial instruments, Eurobond and the execution venues. As you review HYCM, you will notice the Forex broker’s demo account. The demo account functions in the same way as a live account, with the same features and up-to-date market information. HYCM has been operating since 1977, giving it over 40 years of experience in offering access to forex and other instruments.

In most cases, I open trades in the daytime and try to hold them as long as possible. The main thing is that the broker is very reliable, which is good for my long-term trading. It has more than 40 years of experience – one of the oldest brokers in the world. When I decided to become a trader I decided to find a 100% honest and professional broker.

Please note, the availability of cryptocurrencies is subject to regulations. As an HYCM client, you can also download and install the Trading Central plug-in on MT5. The MT5 analytics and information from MT5 overlap somewhat with those from MT4. Trading Central on MetaTrader 5 provides the ability to view the key resistance, support, stop pivot, and target levels on the MT5 charts. Additionally, you get forecasts, commentary, and technical analysis. Our HYCM broker review team confirmed that HYCM stores client funds in segregated accounts, as is required by most of its regulatory bodies.

So be wise when trading and I suggest taking advantage of the educational resources HYCM offers. In each of the primary locations where HYCM is operated from, the company gainfully sought licensing and regulation. All funds deposited by customers are kept in separate accounts and all banking done through the website uses the same encryption standards as does major banks. As I said, HYCM is huge in Forex but also has CFD trading with a huge amount of assets. It may seem like it is hopeless to get your money back.

Demo Account

These include e-books on forex, advanced topics, stocks and CFDs, and commodities and futures. As with the videos, these are freely available on the HYCM website, regardless of the account type or even whether you are a client. Our HYCM Forex broker review team encourages you to remember that those with Raw accounts get tighter spreads on precious metals and US SPOT OIL but pay a $5 commission per round. For other commodities, Raw and Classic accounts have the same minimum spreads. HYCM determines the CFDs to offer and the pricing based on external price providers and liquidity.

For withdrawals, a flat fee of 30 USD is applicable if the withdrawal amount is less than 300 USD. The following review analyses several aspects of HYCM, whilst providing you with an all-rounded detailed overview of the trading platform and its services. It’s a member of the largest financial organization Henyep Capital Markets LLC, which has been operating for about 40 years. Special attention should be paid to the professionalism and impressive experience of the holding, its representation around the world and the availability of a large base of traders. The money is immediately available on the account for trading after the payment is made.

Every cusotmer from very part of the world can be sure of the funds safety here. They are regulated with a well-known and trust worthy authorities, tehy offer negative balance protection and at the same time don’t made their trading commissions too high due to this fact. This is a rare opprotunity to trade with a regulated broekrage and still have affordable fees and spreads. New market players can go for fixed spreads and focus on learning and their analysis. The only issue – the min deposit here is a bit higher, yet, not that much, just 200 bucks. There is a number of deposit and withdrawal methods that you can use.

The news section provides up-to-date analysis of market moving events affecting a range of different markets. The Market Forecast section also provides an analysis of a range of different markets, primarily focusing on major currencies, gold, silver and crude oil. HYCM clients also have access to live market analyzes and online trading workshops through webinars held with HYCM’s Senior Currency Analyst. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Withdrawals will be processed using the same payment method as the deposit. HYCM does not charge any withdrawal fees except for bank wire transfers, which are accessed a fee of $ 30 in cases where the withdrawal amount is less than $ 300. HYCM broker and Exchange rate the group of companies to which he belongs, work with finance and are respected in the financial world! I have the right to say this because I am not far from the financial markets person. But still, I want to always learn and receive new information.

This includes state-of-the-art apps for mobile trading. The management at Henyep Capital Markets is proud to declare “Prime Trader,” its new exclusive trading platform. Though, if you are more comfy with MT4, rest guaranteed that HYCM has also aligned with MT4 for its web-based and basic trading platforms. Henyep Capital Markets has also combined many innovative trading tools that can be opened directly on its numerous trading platforms.

HYCM is part of a global company with high trust solid track record and is regulated by several authorities FCA, CySEC and DFSA. Therefore, HYCM is considered low risk and secure broker to trade Forex. In fact, HYCM trademark is much-respected brand among traders and investors in the financial industry, which is also confirmed by gained international awards. Withdrawing available funds from HYCM is done through Visa or Master Card, e-wallets, or wire transfer. Funds are generally withdrawn to the trader’s deposit card’s bank account via wire transfer. MT5 App – MetaTrader 5 was improved to support both netting and hedging over MetaTrader 4.

Review Of The Phemex And Coinex Platforms

HYCM withdrawal fees vary depending on your selected withdrawal payment method. The HYCM platform is available to use on multiple devices includingWindows PC, iOS devices like iPhones and iPads, Android devices and online through a Web Browser. The content in this HYCM review does not apply to US users.

This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. I like that everything is fair here and I can be sure that my money will not disappear.

We look for specific features such as customizability and trading signals. Each broker we review is judged on the same 10 key areas. If HYCM’s hycm review website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.

Is Hycm Trading Good?

If you are not too sure about the broker’s services, you can always open an HYCM demo account to get familiar with the broker’s different trading products. Demo trading is one of the most underused luxuries in FX trading that can bridge the gap between an amateur and professional trading experience. Trading on the financial markets with HYCM is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Be aware that different entities under the HYCM Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

• A crucial factor in its success is the constant development, the use of innovations, high quality service.
• The broker also provides some trading tools and educational resources.
• Advantages of its in-house platform include a user friendly interface, integrated multiple pricing, online account management and even advanced information such as charts.
• These platforms have all the necessary tools to analyze the market.
• The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods.

Furthermore, HYCM participates in an investor protection scheme, and residents of EEA countries such as the UK receive investor protection up to 20,000 EUR. Our HYCM Forex broker review team found three main account types to choose from; Fixed, Classic, and Raw. Premium and VIP accounts are also available, but these require you to contact HYCM directly for further details. Fixed accounts operate with fixed spreads, while Classic and Raw accounts have variable spreads.

Hycm Fees And Commissions

As with MetaTrader 4, trading on MetaTrader 5 with HYCM gives you access to more than 300 instruments and five asset classes. MetaTrader 5 builds on MT4 by offering cutting-edge technology on a multi-asset and multifunctional platform. It has flexible trading systems, advanced technical analysis, and fundamental analysis. All account types, including Fixed, Classic, and Raw, are available as Islamic accounts.

Henyep Capital Markets, also well-known as HY Markets, is a large Forex broker based in the UK and functioning out of offices in London, Hong Kong, and Dubai. Regulated in all these locations, HY Markets places a special importance foreign exchange market on shot of operations and customer security. That’s why you can choose the best conditions that suit your strategy. Hy Markets Hycm T was mentioned as a suspicious platform by the most trusted regulatory body in the UK, the FCA .

These brokers often have more in depth technical analysis and research tools and better risk management features. Deposited some funds into my trading account after finding out that HYCM has been around for quite a long time in the market and it is regulated. Since the 11th of January 2021, till today I have got to go back and forth to get answers as to where my funds are coz its not reflecting in my live account till to date 29 Jan 2021.

The platform works quickly, I did not notice any delays. Orders are closed on time, for which a million big thanks. In addition to being able to be contacted in writing, there is a telephone support line, and a handy live graph viewer is also available 24 hours a day from Monday to Friday. There are five different email addresses on the HY Markets website so that you can easily contact the relevant department to resolve issues or answer questions. On a Raw account, it is convenient to make short trades.

Commissions And Spreads

Trades are executed with good speed even in a highly volatile market. Fortunately, HYCM was recommended to me as a veteran broker with rich experience. I like to watch various webinars or informational videos about Forex.

Us Clients

Both HYCM and Trading212 keep customers’ funds in segregated bank accounts and provide investor compensation funds. Trading212 doesn’t charge any fees for deposits/withdrawals, whereas HYCM charges a flat fee if the withdrawal amount is less than the minimum limit. Trading212 supports a number of payment options more than HYCM.

Ratings On Other Platforms

Corporate actions such as dividends and mergers impact equity, index, and ETF CFDs, but no detailed information exists on how this market maker processes them. Swap rates on overnight positions apply, a currency conversion cost is applicable, and HYCM levies a $10 monthly inactivity fee. But there are some disadvantages that have almost no effect on anything, and there are those that can ruin your trading quite badly. I started by reading a few reviews about HYCM on some forum. I was interested in the broker, so I decided to open an account with it. And then I faced the first problem – it has quite different types of accounts.