HYCM Review 2020
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether https://forexarticles.net/ you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trade!
Many advanced charting tools make the MetaTrader 4 Handy and user-friendly. Moreover, https://forexarticles.net/ both MetaTrader 4 & MetaTrader 5 is available in Windows, Mac, IOS, and android.
Trading platforms are the customers’ gateway to maximizing the potential of their investments. The platform should show the most current trends in trading as they happen, not a second too late.
There’s a commission of $4 per lot (minimum) and a minimum deposit of $200 is required. • The Classic Account has variable spreads from 1.2 PIPS.
Still, their rates are competitive and for this reason they notched a Payouts score of 9/10. You can trade on over 200 products which includes forex, metals, indices, oil and gas, commodities, stocks and cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. That’s a lot of markets to explore and for that they earned a Tradable assets score of 4/5. HYCM has been in the forex business since 1977 and is currently licensed by the Financial Conduct Authority and the Cyprus Securities and Exchange Commission. HY Investment are regulated by the FSA and the DFSA here in Dubai.
Established in 1977, Henyep Gold Dealers first invested in the Hong Kong Gold and Silver Exchange Society. By 1981, Henyep has already built its 25thoffice overseas showing its rapid growth. Henyep Investment (UK) Ltd then got its license from the UK’s FCA in 1998.
Forex Peace Army
For more stability in your trading, you can also choose the MT4 terminal as the HYCM platform, which is the best option for professional traders and scalpers without worrying about the platform freezing up during a trade. MT4 is a tried and tested platform, and there are rarely any issues with the software. HYCM mobile trading platforms are merely MT4 apps designed for the iOS and Android devices, as HYCM does not offer any branded mobile trading platform.
In the Classsic Account type and Fixed Account type, the minimum deposit is $ 100 while it is $ 200 in the Raw Account. HYCM has 3 different types of accounts for investors.
- A crucial factor in its success is the constant development, the use of innovations, high quality service.
- HYCM or formerly HYMarkets is rightfully considered one of the leaders among forex brokers and at the moment shares more than 40 years of experience in the market.
- Many advanced charting tools make the MetaTrader 4 Handy and user-friendly.
So, if a friend after the recommendation will actively work on the platform, open a real account and start earning, the trader will receive a bonus of up to $250. We also note again that the minimum of comments can be explained by the recent arrival of the company on the Russian market, which means that traders still have to become acquainted with the broker’s capabilities.
It offers live market news, advanced charting and technical analysis tools such as Trading Central, online account information, Expert Advisors (written by third parties) and security and 24 hour support. The education section of the HYCM website offers not only standard videos but hycm broker review also textual lessons on topics geared towards both beginners and advanced traders. Subject include Introduction to the Capital Markets, Tips for Traders, Managing Risk, Trading Tools and more. HYCM offers 3 types of accounts based on trading experience–Mini, Standard and Premium.
HYCM general information
Does the broker really care for the clients’ needs? Is their response to the clients’ claims efficient? Are trading conditions profitable? Are there any covert issues that peep up only after the contract with the broker has been signed? Reviews about HY Markets help to get the general idea about the broker’s performance.
HYCM have accumulated over 15 global awards for their trading services, including Best Forex Broker, Europe 2018 and Best Forex Broker, UAE 2017. This has helped them gain recognition as an industry leader and to become one of the online brokers of choice for many traders worldwide. HYCM has over 40 years’ experience and have been regulated in the UK since 1998. They process around 25,000 orders each day with fast execution and 24/5 customer support with dedicated personal account managers available. There are over 300 trading instruments to trade across 6 asset classes with spreads from 0.2 pips and an average execution speed of just 12 milliseconds.
MetaTrader 4 is a leading, world-renowned trading platform. It has live market news, advanced charting and analytical tools such built-in economic calendar, expert advisors, and trading central analysis support with 24/7 customer help. Traders can enjoy more than 40 free indicators with compatibility with thousands of free and paid indicators.
The company launched its second generation online trading platform HY Trader 4 in 2006 and its highly touted HY Markets Online platform in 2007. In 2016, Henyep consolidated its capital markets investment brands and launched its multi-platform online trading website HYCM.com.
Finally, we’ve listed some of the popular funding methods that HY Markets offers its traders below. With HY Markets, the minimum and maximum trade requirements vary depending on the trader and the instrument. Like most brokers, HY Markets takes a fee from the spread, which is the difference between the buy and sell price of an instrument. The program was developed by HYCM in order to reward customers for support of the company and active referring it to their friends.