HYCM is it a scam? Review
The famous phrase ‘you can’t please everybody’ applies here. Although most of HYCM’s customers can attest to how the company efficiently manages their investments, there will still be others who will fall through the cracks. HYCM was established in 1977, and with 40 years of solid experience in the forex industry, it already has a long track record of providing trustworthy and outstanding trading experience to its global customer base. HYCM clients are provided with everything required in making informed and well-calculated trading decisions.
MetaTrader 5 has some more advanced charting tools that help the trader to analyze more perfectly. HYCM has 40 years of experience in the forex industry. It was established in 1977. It already has a long track record and outstanding trading experience for its global customers. It provides the clients everything required in making calculations in trading decisions.
You enter your name, email, country of origin and phone number. Then you answer a few questions about your background and financial knowledge. HYCM is a safe and secure way to trade forex and CFDs.
HYCM provides easy access to the world’s capital markets anytime, anywhere through their web-based trading platform, industry leading MetaTrader 4, or HY MT4 Mobile platforms. Traders at HYCM are given access to the award-winning, MetaTrader4 forex platform, regarded by most traders as the industry standard for forex trading. The MT4 software needs to be downloaded to desktop or Mac directly from the HYCM interface.
HYCM also has offices in Hong Kong, Dubai, Kuwait and Cyprus. HY Markets’ trading platform is very easy to use. I started my account for like $50 USD anyways it was very quick and https://forexarticles.net/ the customer service was very nice when i needed some help. HYCM offers a welcome on-deposit bonus of 10% (up to $5000) to all live account holders with deposits of at least $500.
Importantly, traders can follow a video tutorial explaining how to set up the MT4 platform and come ‘to grips’ with the main features on the platform. A ‘Beginner’s’ course prepares clients new to online forex trading, with information about basic forex terms, order types and winning tactics. However, experienced traders https://forexarticles.net/ are well served, with multiple tutorials on advanced trading strategies and advanced technical analysis. For example; FCA-licensed brokers have to keep in €730,000 bank accounts separate from client funds and company’s operation accounts. To achieve this, the company has to have financial strength over a certain level.
its great now i dont need to be using 3 different companies to trade with this is the all in one. This is an excellent broker, their customer service is great, they offer all types of tools and trading with them is a pleasure hycm broker review … even at those times when I loose money. Companies like HY, that have been established for 30 years and are regulated by FSA and DFSA are actually the only ones anyone should feel comfortable trading with at these times.
- HYCM inherited the Group’s integrity and expertise which benefits the clients and the whole community as well.
- Moreover, apart from the strong positions,small retail traders can find their way to open a live trading account, as a very small deposit of only $100 allows so.
- However, the responses of the traders we are waiting for this review will not only affect the ratings of the broker on the web portal, but also warn market players of various problems.
- The overview page directs you to the download link and the setup window.
- The company keeps developing, following modern trends in trading in financial markets.
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.
Beginners are most welcome to the company too, with customer support team stands ready to help or even seasoned traders that may be allured by offered conditions. 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.
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, 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.
HYCM is a division of The Henyep Group, which is a global corporation with businesses in Asia, Europe and North America. The group was founded in 1977 as Henyep Gold Dealers and became a member of the Hong Kong Gold and Silver Exchange Society. The group soon created divisions Henyep Securities and Henyep Commodities and expanded its trading in Asia. This review of HYCM will cover all of the important details about the broker and discuss its major advantages and disadvantages. Binaly.com provides both novice and experienced traders with all the information necessary to achieve great investment returns.
Client funds are always safe, protected by regional compensation plans, by segregated trustee accounts in top-tier banks, and by external regulatory compliance. While safety and security are never an issue with HYCM, its quality of service has been recognized as above excellent, as confirmed by numerous industry awards that the firm has garnered since 2011. Each award over this period is detailed on the firm’s Home Page. Unfortunately, U.S. clients are not accepted at this time.
Are account types offered by HYCM advantageous for investors? What are the deposit and withdrawal methods? Do investors face a problem with withdrawals? Is HYCM a reliable broker or scam?
Belonging to a serious financial holding, which has traders around the world, proves it. If you want to avoid problems with the broker, work with the personal manager properly. You need to specify the necessary information about the rules of the system, the features of using bonuses, the procedure for withdrawing funds. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers.
Latest forex brokers
Articles that discuss trading with the right mindset, the advantages of commodities investment, and advanced lessons in forex trading are just some of the great reading that you can find from the HYCM Knowledge Bank. Arming the customers with the right knowledge and guidance on the ins and outs of forex trading has always been one of HYCM’s strongest areas. The Quick Start Guide, for example, will show you how you can join the company’s roster of investors in as little as 5 steps.