Forex broker HYCM: Review and reviews of traders

15.10.2020

Year of foundation

1977

Site

https://www.hycm.com

Software

MetaTrader 4, MetaTrader 5, MetaTrader 4 mobile, MetaTrader 5 mobile, WebTrader

Payment systems

VISA and Master Card El. WebMoney, Skrill, Neteller, PayPal Wallets Bank transfer

Affiliate program

Да

Rating

4

  1. Brief description of the company
  2. Basic information for traders
  3. HYCM advantages
  4. Disadvantages of HYCM
  5. Contact

Henyep Capital Markets (HYCM) has been providing services to novice and experienced investors since 1997. The broker has official representative offices in Great Britain, Dubai, Hong Kong, Cyprus. The legality of the company's activity is confirmed by FCA and CySEC licenses. All trading information, educational materials, the list of financial instruments is available on the official website.

Types of accounts Fixed, Classic and Raw
Affiliate Program Yes
Deposit / withdrawal methods VISA and Master Card El. WebMoney, Skrill, Neteller, PayPal Wallets Bank transfer
Software MetaTrader 4, MetaTrader 5
First deposit bonus Yes
Demo account Yes
Spread Fixed from 1.8Classic from 1.2 RAW from 0.2
Swaps -
Training Yes
Languages English, Portuguese, Russian, Italian, Spanish, French
Account currency USD, EUR, GBP, RUB, AED
Minimum deposit $100 
Automated trade Yes
Mobile App +
Leverage 1: 200

Brief description of the company

The advantage for HYCM clients is the possibility to make up a diversified portfolio from different assets. Investors can trade stocks of the world's leading brands, metals, energy carriers, indices, cryptocurrencies. More than 40 currency pairs are available for online trading on the Forex market. 

The standard set of HYCM analytical tools includes an economic calendar, financial markets overviews, a trader's calculator and a news section. On any trading and technical questions investors are advised by the 24/5 helpdesk managers. Positive feedback from traders is associated with the stable work of the terminals, low starting deposit, fast withdrawal of funds. 

 

Basic information for traders

The list of trading terminals on the HYCM platform includes MetaTrader 4 and MetaTrader 5. Traders can use technical indicators, tools for market analysis and trading advisors. The latter option is suitable for novice investors who find it difficult to select potentially successful deals by themselves. Both terminals have a mobile version compatible with iOS and Android. To gain access to a personal account, assets, and trading in the market, clients need to complete a quick online registration and verification.

The company's clients can choose from three account types, which differ in spreads and minimum deposits. Beginners in trading and new clients of the Forex broker are recommended to get acquainted with HYCM conditions and to study all nuances of trading on the market, using a demo account. For its activation it is necessary to pass registration on a site, thus it is not obligatory to deposit the real account. 

 

HYCM advantages

  • Long term work on financial markets.
  • Wide range of investment instruments.
  • Protection against negative balance.
  • Possibility of opening an Islamic account.
  • Availability of the official license.
  • Reviews of economic and political events by the broker for efficient forecasting the market situation.

Disadvantages of HYCM

  • The support service doesn't work on weekends.
  • Absence of cent accounts.
  • Uncomfortable conditions for scalping.

Contact

AddressUK, London EC2N 2AN, 28 Troughmorton Street  
E-mail [email protected]
Phone +44 - 208 - 816 - 7812
Социальные сети https://www.facebook.com/hycm.official
https://www.linkedin.com/company/hycm/https://twitter.com/hycmhttps://www.instagram.com/hycm.official/

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