HYCM Review 2023 Is Legit or Scam

I have a strong interest in opening a joint account with another trader. I have recently found out that your company supports joint accounts. Could you be so kind to tell me what should I do to open a joint account? You can open a brokerage account and Forex brokers start trading in HYCM even without leaving your couch. All verification is easy to complete in a couple of minutes right on the phone. Have you had any experience with unregulated brokers? I mean only honest brokers who have not yet become so popular.

  • For example, this one is a great example of such a broker.
  • HYCM makes multiple popular deposit options available including Visa, MasterCard, Bitcoin, and Skrill.
  • HYCM is authorised and regulated by the Financial Conduct Authority in the United Kingdom and the Cyprus Securities and Exchange Commission .
  • The HYCM minimum deposit for e-wallets and credit/debit card payments is $20.

This broker can’t attract you with bonuses and ultra-low deposits if you are used to receiving such offers. That’s one of the oldest Forex brokers in the world with a more than 40-year experience. The rest depends on you, how you forecast the market. Besides this, the broker doesn’t keep me waiting when it comes to withdrawing money. So, the quality of the trading process and withdrawals are the main things that characterize any broker as reliable or not. This broker meets the highest criteria, so I can say that https://forexreviewdaily.com/s didn’t tell me lies.

There are brokers who require a smaller deposit if that is too much for you. Admirals have a minimum deposit Forex brokers requirement of just $5. There is a selection of tools that I found very useful on the HYCM website.

MetaTrader 5 (MT

It feels like HYCM has an exceptional brokerage record and that’s the only thing that is exceptional. Basically it’s a broker for traders that appreciate the long history of the company more than pricing or orders execution. Withdrawal of money is available here https://www.dukascopy.com/swiss/english/forex/trading/ on all popular services. We all understand that the broker has a lot of clients all over the world, therefore, money is not always withdrawn very quickly. I will note the speed of transactions, acceptable spreads, trading and withdrawal without commissions.

HYCM is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA. HYCM is part of the Henyep Capital Markets Group, an international conglomerate specializing in financial services, property, education, and charity. If the balance on your account goes into negative, you will be protected.

More or less standard broker, reliable, works well. What really impressed me most about HYCM is that with a broker you will be able to trade 14 types of cryptocurrencies. And as for me, it’s very cool, I haven’t seen a similar offer at brokers.

Can’t see your question? Ask to get answers from the HYCM staff and other customers.

This can be important because theinvestor protection amount,the maximum leverage allowed and the regulator differ from entity to entity. Unfortunately, only the clients of HYCM’s EU and UK entities are covered by investor protection. Yes, it isregulated by https://forexreviewdaily.com/hycm/ 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 .

HYCM review

Also it seems to me that it has the characteristics that are universal for all types of traders no matter thу experience. From all three types of accounts, according to the results of the special form, I have chosen fixed account. It works pretty consistently, the orders are executed in a fast manner, so that there are no slippages or requotes. hycm stock price I also had a chance to talk to the customer support and I found it very effective. All of my questions were answered and I got all the necessary information. However, I think that the trading conditions could be better but probably it is the right price for such a good service. And how I feel it tunes my mindset to something serious.

Commission and Fees

I liked the trading software and what this company promises so I stayed here and am now a HYCM broker trader. I have been trading here for half https://forexreviewdaily.com/hycm/ a year and have already started making good money. So there is a chance here to make money, but everyone will have to study and work a lot.

Web, desktop and mobile trading platforms

HYCM was definitely not waisiting their time all these years and learned how to do successful business and please their partners and customers. The minimum deposit using Bank transfer method is $250 while the https://forexreviewdaily.com/ minimum withdrawal amount is $300. Bank transfers are very slow and may take 1-7 days for processing. Henyep Capital Markets is an experienced forex and CFD broker that offers technological excellence.

Fees – Take advantage of commission-free trades

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable www hycm com broker rating. You can read more about our broker review process here. On the other hand, the broker is not listed on any stock exchange and does not hold a banking licence. But more than 40 years of experience in the forex trading industry distinguished HYCM from its competitors.

When I intend to hold trades for years, I want to be confident in my broker. I want to know for sure that someday they will not be forcibly closed. So, I need the ultimate reliability and that’s the reason I decided to open a Fixed account here. I’m not so interested in fixed spreads, although sometimes I trade at night when fixed spreads are most advantageous. 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.

Spreads with this broker vary from 0,2 to 1,8 pips based on what account you choose. What’s more, 1,8 pips are fixed spreads, while spreads on other accounts are floating. The MT5 trading platform was designed as an upgrade to the MT4.


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