Customer support is provided 24/5 via e-mail, phone, and live chat. The Help Center, which includes an FAQ section, attempts to answer the most basic questions. HYCM provides traders with a trustworthy and secure trading environment. Henyep Capital Markets Limited, the UK subsidiary, is regulated by https://forexreviewdaily.com/hycm/ the Financial Conduct Authority , where the Financial Services Compensation Scheme protects deposits up to £85,000. The European division operates under the oversight of the Cyprus Securities and Exchange Commission , and the Investor Compensation Fund provides deposit protection up to €20,000.

HYCM traders can right-click on any part of the panel to access useful data points like high and low prices, tick charts, and depth of market. HYCM is a part of the Henyep Forex brokers Capital Markets Group, which is an international business conglomerate catering to important sectors like financial services, education, property, and charity.

Is This Broker Good For Beginners?

I can’t complain about this broker because it has not let me down yet. I opened a Fixed account because I needed fixed spreads for night trading. This broker seems very advantageous for nearly any trader. It offers to choose between fixed and tight https://forexreviewdaily.com/ floating spreads and doesn’t offer unproven products such as mediocre customized platforms. Instead, traders can work on tried and tested Metatraders. When I decided to become a trader I decided to find a 100% honest and professional broker.

I see no lags and fraud here that corresponds to a good reputation of this regulated veteral broker. I also intend to open a Fixed account to try fixed spreads. https://torforex.com/economic-calendar-forex/ I think I will have money for this already next month. I tried trading at HYCM, and I can say that I didn’t find any other brokers’ differences.

Minimum Deposit

In 2007, Henyep Investment finally launched its online wing as HYCM. In 2014 HYCM Ltd got its license to operate as an online trading platform from CySec . In 2016, Henyep consolidated all its segregated capital markets investment brands which gave birth to the multi-platform online website called HYCM.com. In 2018, https://alfaforex.ru/economic-calendar/ broker got its license from CIMA that added an extra layer of credibility to the platform, thereby reducing the risk of hacking clients’ accounts.

• There are no binary options and other questionable platforms.
• The app download links can be found in the Google PlayStore or Apple AppStore respectively.
• If traders want to use a debit or credit card, these will need to be verified as well.
• I’ve been trading with HYCM for about 6 months and I cannot say anything bad about this broker.
• MT4 does not allow two EAs to be attached to the same chart although you can run more than a hundred EAs on the same trading terminal.

Most of us have experienced frustration with badly designed apps and cluttered screens. We focussed on developing a clean and modern interface and making a user-friendly https://forexreviewdaily.com/ app that is intuitive to use. HYCM Group’s pedigree spanning over 40 years is built on strong industry record, customers’ trust & financial stability.

Traders Reviews

In addition, trading signals from the broker can also be a good support to hedge risks from your own inexperience. I need a trustworthy broker with specific trading conditions for night trading https://forexreviewdaily.com/ and I fortunately found it. They give an advantage when trading at night because unlike floating ones, they don’t widen at night. I came to HYCM broker after trading with another broker.

I like that there are no difficulties with deposit or withdrawal of funds, the broker uses many payment systems, commissions are adequate, with spreads, by the way, all is also transparent. In my forehead, support is of key importance to me, because when you find yourself in some crisis situation, you may need some help or specific advice, etc. And maybe this is what I was looking for in this business. And actually hy market they were not just standard phrases or some general phrases – they were specific tips and things that I have to do right now to configure the terminal. We even immediately talked about the withdrawal procedure and other important points. And of course I felt incredibly important as a client, and I liked the fact that it was so easy. Another pleasing addition from HYCM, the fee for deposits and withdrawals – 0$.

Briefly About Hycm Forex

Trading with leverage can wipe your account even faster. You can also see the differences in the web version settings. That is a nice overview of what hycm is all about. It is cool that you’ve mentioned educational center of the broker which is pretty awesome.

Henyep Capital Markets

I tested the terminal day and night and made sure that the execution of transactions was excellent at any time. I decided to stay trading only here, although at the same time I wanted to open in another company. There is a convenient form of 5 questions, answering which you can understand which type of trading account is best suited. There are no problems with the withdrawal, there is no slippage, the Expert Advisors do a good job.

Trading costs such as spreads and overnight funding rates vary depending on the account type opened and instrument being traded and are covered further down this review. HYCM implements hi-tech security measures to ensure the safety and protection of its clients’ money Forex brokers and data. Moreover, all the client information is encrypted with VeriSign-issued 128-bit SSL certificates. Unlike other cfd brokers, all connections between HYCM’s servers and its clients are secured and encrypted in accordance with the relevant banking standards.

For example, it took us a while to figure out how to add an asset to the watchlist. Provide additional personal data required and answer a few questions on your financial status and trading experience.