HYCM is it a scam? Review
The program was developed by HYCM in order to reward customers for support of the company and active referring it to their friends. 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. Another advantage is the availability of a high-quality informative website (the license with reference to the regulator, terms of trade, the company’s history, its awards, training materials, etc.), its Russian version, bonuses, partner programs – all of this demonstrates the company’s serious intentions in this sphere. Sure, it’s not typical to scammers.
HYCM offers trading in CFDs on forex, metals, indices, oil and gas, soft commodities, stocks and cryptocurrencies. For those who would like to get a feel of forex trading, HYCM offers demo accounts in which interested customers will be given £50,000 as virtual fund. This is accessible by registering through the site and creating a demo account.
Customers only need a minimum deposit of $100 to start trading with HYCM without any charge. However, if the withdrawal amount is less than $300, the customer has to pay $30 as a transaction fee. This only applies to Bank Wires. All other withdrawal method charges are covered by HYCM.
if you plan to trade CFD shares, the broker is sufficient. I encourage you to check out the detailed comparison of CFD brokers because choosing the right broker greatly affects your profitability. 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.
Meaning you can easily manage expenses, yet make sure to deposit in your account base currency and avoid conversion. There are plenty of ways to consolidate trading account, as well to withdraw funds from the account further on. HYCM’s clients can use regular bank cards Visa/MasterCard, Wire Bank Transfers and various electronic system WebMoney, UnionPay, Neteller, Skrill, etc. MetaTrader 4, which is an industry leading software is loved for many reasons, but mainly for its ease of use and comprehensive features.
The broker’s regulator
This broker is heavy on regulatory compliance, especially when it comes to protecting customer deposits, and, as a leader and innovator, there are few others that can surpass them at a higher level. As the HYCM website attests, “With over 35 years of operational history and under the leadership of a visionary management team, Henyep has become synonymous with professional and quality services. The Group is dedicated to delivering best-of-breed services to its clients and the community alike.” Going with a leader like HYCM will always be rewarding. Since HYCM has over 40 years of operational experience on the global stage, it has longstanding banking relationships that can provide the best pricing for its diverse list of investment instruments.
HYCM is licensed. It provides a quality web-product, unique services.
- The famous phrase ‘you can’t please everybody’ applies here.
- HYCM is a fixed-spread FX broker, and like best of them, charges not any commissions.
- Some traders positively note the reliability of the company, which is in a holding with such a long work experience, the convenience of the trading platform, the real help of training materials and trade signals, prompt support and timely withdrawal of funds.
- They also have access to comprehensive and on the spot market analytics so they can make decisions at the right time and on the fly.
- HYCM offers a 10% bonus up to $5000 for its HYCM Ltd clients.
HYCM Forex Products
With over thirty years of experience in the field, Henyep Markets is a correct broker select for both expert and beginner dealers. It delivers 3 types of account, contingent on the selection size, and a dealer can initiate with as little as $50.
Later on, HYCM also wins the Best Forex Broker 2018 (World Finance). HYCM worked as an industry leader and it helps the company to remain on the top list among the global forex brokers.
Therewith, Islamic trading accounts are available for traders who wish to trade the markets based on Islamic principles. checkcheckcheckcheckTrading CFDs, FX, and cryptocurrencies involves a high degree of risk.
This means that any investors who choose to go with this forex broker are assured of having a trustworthy organization to take care of their funds. A key feature that makes HYCM a great brokerage company is that it offers a myriad of financial instruments such as currencies, stocks and even commodities where investors can pick their preferred instruments. HYCM, formerly HY Markets, https://forexarticles.net/ is headquartered in London, UK, and is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom. HYCM is a division of Henyep Capital Markets which is a leading capital markets trading firm that has an operational history of 30 years and specializes in foreign exchange and CFD’s on commodities, metals, equities, indices, and treasuries.
Henyep Capital Markets Dubai (DIFC) Limited is regulated by the Dubai Financial Services Authority (DFSA) and is the Middle East Regional Headquarters for global investment conglomerate Henyep Group. The education division of the HYCM website provides not only standard videos but also documented lessons on themes geared towards both advanced and beginners traders. Subject comprise Overview to the Trading Tools, Tips for Traders, Capital Markets and Managing Risk and more. This is our authentic HYmarkets review and we will say that whereas the HY MT4 Webtrader does not essential to be downloaded, it is similar the online version of Microsoft Word as disparate to the full version which you can find on your computer. Also it is significant to note that the Metatrader4 platforms are customizable which means some broker can add or subtract things from it to outfit their requirements, this clarifies why the HY MT4 trader absences certain tools which would make a noticeable difference in your trading knowledge.
HYCM is a division of Henyep Capital Markets which is a leading capital markets trading firm that has an operational history of 30 years and specializes in foreign exchange and CFDs on commodities, metals, equities, indices, and treasuries. HYCM has offices in major cities on three continents, hycm scam including in Dubai and Kuwait. HYCM offers 3 types of accounts based on trading experience–Mini, Standard and Premium. Larger accounts qualify for the VIP Personal Dealer Service which provides cutting-edge service and access to all markets. Ranking of brokers are subject to change.
Traders click on the Deposit Funds button on the main screen. Traders then select the deposit method of their choice, fill in the required information and click “Submit.” The minimum amount required to make a deposit starts at $100 for a Micro Account.
The list of its regulatory compliances is pretty impressive, with licences issued by the FCA in the UK, the SFC in Hong Kong, and the DFSA in Dubai. By virtue of their compliance with MiFID, they are also authorised to operate throughout https://forexarticles.net/ Europe. HYCM is able to offer traders a wealth of trading opportunities, from stock and commodities to a long list of currency pairs. Both novice and more experienced traders can benefit from the services of such a market leader.