I have a classic account here with floating spreads. From all three types of accounts, according to the results of the special form, I have chosen fixed account. Metatrader 4 and 5 are not the easiest platforms in the world, so you need some time on the demo account to learn how to use it.

I like trading with HYCM, but I’m too noobie to draw a real conclusions yet. In November I have made +15% to my deposit, but I’m investing in long term and I boomed on stocks, I think that’s more about luck, than about my skills. Vast educational opportunities, including both free and payed education, so each trader will find something to improve its trading. Positive reviews on respected websites, which adds to the confidence that the broker is good not only “”on paper””, but also in “”real trading””. Choosing a broker you want to get everything at once, because you have already read that today brokers offer truly fabulous conditions, the main thing is that you have money. I like to trade in hycm, I have a big dynamic here and it is much easier for me to control the situation, I think it’s time to invest more money.

In the case of Classic and Fixed accounts, the broker only charges spread costs. The Raw account has low spreads, but there is a $4 per lot tradeallcrypto per trade commission. The Raw account is favorable if you trade a high volume. We know it’s hard to compare trading fees for CFD brokers.

Types of HYCM Accounts

This allows a potential client to experiment with the trading platform and get familiar with its various features, before deciding to set up a real account. HYCM, part of the Henyep Group, which has provided trading services from Hong Kong since 1977, has been operating under a UK license since 1998. The group is active globally, with a focus on Asia, Europe, and the Middle East.

For me it is great to have many different options for deposit or withdrawal. I have not paid much attention to electronic wallets such as Webmoney or Skrill, even though I know that the withdrawals come faster there. My profit from time to time I withdraw to my card.

If you are a beginner, you can hardly earn a lot of money fast. First, you should learn how to forecast the market. If you succeed in this, you can work on short timeframes trading intensively in daytime.

They have a mobile app — that’s nice, and their platform is not bad, and mt4 too. Don’t hurry and everything will be okay on the market. This is the rule of main which I comply with during trading activity. HYCM’s customer support is average compared to most other brokers.

Customer Support and Security

It’s a regulated broker that automatically excludes any fraud scenario. The platform works quickly, I did not notice any delays. Orders are closed on time, for which a million big thanks.

The HYCM MT4 is available as a desktop application which can be downloaded and installed on the windows computer. The mobile version of the MT4 is available for android and iOS devices. Wherever you might be located, and whatever time it is, HYCM has a trading platform to suit your needs.

See all HYCM CFDs on indices:

Thus, a demo account ensures that no retail investor accounts lose money when trading CFDs with this provider. The Forex market is filled with dishonest FX brokers and other market players that are intent on prying you away from your hard-earned money. Some brokers also stipulate atfx review bogus trading conditions and false promises with the sole intention of tricking unsuspecting users. HYCM Forex broker, on the contrary, is a reliable and genuine company that only deals in fair and honest trading services that serve in the best interest of their clients.

All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. The difference is the amount of spread you you to pay and a comission per trading volum. For opportunity to ifc markets review get vip stsuas of your account you need to execute special conditions in order to get it. I’ve been trading with HYCM for about 6 months and I cannot say anything bad about this broker. I believe that it is better to learn mt5 as it is more modern and updated, it can offer much wider functionality.

There are lots of advantages which can point this broker out from other brokers. However, I want to grab your attention to the variety of accounts which are represented here. There are several types of account and each of these types has its own peculiarities. What is more important is that you can answer five questions in order to understand which type of account suits you most. I believe it’s very convenient for those who can’t determine which account type to choose. The broker HYCM offers very good spreads to trade, and there is an opportunity to open an account with both fixed and variable spreads.

HYCM Analysis 2022: Can You Trade Safely With This Firm? We Review Their Track Record

So, I believe that such conditions stimulate traders to run successful trading activity. HYCM is an outstanding broker with over 40 years of experience and multiple regulations. The broker offers over 300 trading instruments on cutting edge platforms. The account types are designed with a focus on traders.

Before opening a trading account here I learned that it belongs to the category of the veteran brokers and this fact made me trust it because I realize the whole importance of regulation in trading. I have been working with hycm for the second year already. In general, I was satisfied with the trading conditions and the service provided. Not without problems, of course, but, as they say, that it is not mistaken and there are no problems only for those who do nothing.

Moreover, there are no transaction fees to be paid when you do make a deposit. No, HYCM is not a scam, as the broker is well-regulated and has been in business since 1977. All accounts come with strong client protection measures, as well as fair trading fees and transparent policies. As such, you can trust HYCM to operate as a top-rated forex broker at all times.

HYCM review Customer service

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. HYCM or Henyep Markets is a global CFD and forex broker. HYCM’s parent company,Henyep was established in 1977.

Unfortunately, only the clients of HYCM’s EU and UK entities are covered by investor protection. Yes, it isregulated by several financial authorities globally, including the top-tier FCA. For a more detailed guide on how to use technical analysis, we recommend you visit Trading Central (under the ‘Tools’ menu item in the Personal Area area) and consult the help section . Webinars and workshops are scheduled weekly at HYCM.

HYCMs Trading Instruments

I mean that you will not have withdrawal and execution issues here. It’s a regulated broker started as a financial company more than 40 years ago. What’s more, it’s considered one of the first Forex brokers.

I believe that quality of brokerage services starts with reputation. Trading conditions may seem uncomfortable, but HYCM is known as company with extensive experience in financial markets. There are3 main types of trading accounts at HYCM , which differ in their pricing structure and the required minimum deposit.

Registered users can access past webinars as well. We liked the videos; the presenter, Giles Coghan has good insights and an easily understandable accent. On the negative side, we think these videos should feature tags or be organized into categories for better searchability. Changing the leverage is a very useful feature when you want to lower the risk of your trade. To learn more about CFDs read ourCFD trading tips.

I started to ask him what he was doing and found out that he was trading forex with a HYCM broker. It all became interesting to me, especially when I realized that earnings here are not limited. Now me and my friend are trading with this broker. I don’t suggest quitting the business – I didn’t personally – but you can combine trading with almost any job.

And here we are talking about money, which requires attention under all circumstances. And I will certainly recommend all traders, who are at the beginning of their journey, to concentrate at once to the maximum and work a lot from the first day. Your account will be protected by regulators, which you can read about on the broker’s website.

HYCM is part of the Henyep Capital Markets Group, an international conglomerate specializing in financial services, property, education, and charity. Thelive chatat HYCM is usually fast and manned from 5 am GMT until 6 pm GMT on weekdays. Additionally, you can chat with customer support on Telegram, Skype, Viber, Whatsapp, and Facebook Messenger as well. The relevance of the answers was OK although some questions were not properly addressed at first and we had to ask the same questions again to get an answer. HYCM provides trading ideas through Trading Central, a third-party research provider. The ideas are based purely on technical analysis and cover certain commodities, stock indices as well as most FX pairs.