HYCM Review: Is HYCM a Scam or Legit Forex Broker

HYCM Review: Is HYCM a Scam or Legit Forex Broker

The offer of CFDs assets

HYCM is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including HYCM.

With over 40 years of service and many tools and features, HYCM is definitely an interest to forex traders. So, is HYCM the forex broker you’ve been waiting for? Decide for yourself and read our in-depth review of HYCM now. Traders who are searching for a new broker that is reputable hycm scam and reliable would be making a sensible choice if they went with HYCM. Thanks to their FCA regulation and licensing, the security of financial and personal details is guaranteed, while they offer a good range of account types and interface options to suit all kinds of traders.

The MT4 platform is preferred by most traders, since it allows the clients to automate their trades by Expert Advisors (EA) fully and to let the program do the work. HYCM also offers its in-house web-based PrimeTrade platform.

With offices in major cities in three continents, including in Dubai and Kuwait, the broker is one of the most established in the financial services industry. 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.

Subjects covered include the very basic as well as more complex topics such as capital management trading psychology, market analysis, and trading strategies. Also included is a helpful guide to the MetaTrader 4 trading platform. Choosing a professional CFD broker such as HYCM will mean you have access to a comprehensive suite of educational material. It’s pretty obvious HYCM takes the educating of its clients to a whole new level. There are a range of online videos and eBooks available covering all manner of trading related subjects.

Theo has been actively trading the forex markets since 2013. Over the past five years, he has gained experience trading currencies, stocks, options, and futures. Theo’s trading experience led him to test out over one hundred different https://forexarticles.net/ trading services and he shares his insights in reviews to help other traders. This is one of the most important areas to consider when choosing a new forex broker. Luckily for HYCM this is also are area in which it excels.

HYCM is backed by the Henyep Capital Markets Group, a global company with investments in property, financial services, charity, and education. It is regulated by internationally recognized financial regulators CySEC and FCA, and has representations in Hong Kong, United Kingdom, Dubai, and Cyprus. This solid background is what makes HYCM reliable so customers are assured that they are only getting the best trading solutions the forex trading industry can offer. HY Investment has multiple online trading platforms to meet the needs of our clients.

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.

  • HYCM have a partnership with Pro Daily which brings investors cutting edge trading signals, and traders who choose to use the MetaTrader interface can add on a variety of trading signals free of charge.
  • Pricing is from a large number of global banks and market participants and both single or double click trading are done on live executable prices.
  • HYCM is a multi-regulated broker that has been providing trading services to clients across the globe since 1977.
  • Is HYCM (Henyep Capital Markets) a scam?
  • Online trading involving instruments such as CFDs, Forex, Indices, Commodities, Cryptocurrencies and Stocks may not be suitable for everyone.

Therewith, Islamic trading accounts are available for traders who wish to trade the markets based on Islamic principles. It is crucial to consider regulations when choosing a forex broker, hereby clients can be assured that their broker act with transparency and professionalism. In HYCM case, apart from a solid track record from the parent company as one of the leading financial services providers in the industry, the group of HYCM companies regulated and authorized by various necessary licenses. The HYCM Mobile app is free to download and has complete trading capabilities, real-time news and charts. It provides traders with instant trade execution, trade history, live charts for all products and the ability to trade anytime, anyplace while managing their account and portfolio.

MetaTrader 4 is one of the best-known names in the industry. User-friendly and with an easy to navigate interface, it is suitable for all Forex traders. Equipped with Expert Advisors feature facilitating automatic trades, it is probably one of the best choices available on the market.

Whilst most of our data has been verified directly from these brokers, it can occasionally vary. We are not responsible for incorrect or outdated information within our online trading broker reviews and you should confirm all data directly with the broker.

HYCM Review: Customer Service

If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. Is HYCM (Henyep Capital Markets) a scam?

hycm platform

HYCM offers a branded trading platform known as the PrimeTrader that provides the entire 120 different assets through a robust and user-friendly trading platform for desktop users. The PrimeTrader was launched only recently, and the platform is still in its initial phase of testing and implementation. Being a new platform, PrimeTrader is bound to have a few bugs and issues. Therefore, it is only recommended for traders who trade with a small percentage of their equity and lower leverage, as it is easy to face significant losses if the platform freezes during high-volatile events.

There are 100+ instruments available to trade on the MT5 platform and 300+ on MT5. HYCM is a multi-regulated broker that has been providing trading services to clients across the globe since 1977.

HYCM’s clients can use regular bank cards Visa/MasterCard, Wire Bank Transfers and various electronic system WebMoney, UnionPay, Neteller, Skrill, etc. There are three primary account types at HYCM to suit the needs of any individual, defined as Fixed, Classic and Raw Spread Accounts.

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