Category : Forex Trading
HYCM Review – Forex Brokers Reviews & Ratings
Trading platforms are the customers’ gateway to maximizing the potential of their investments. The platform should show the most current trends in trading as they happen, not a second too late.
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. HYCM offer traders a range of assets to trade across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. There are 100+ instruments available to trade on the MT5 platform and 300+ on MT5. The Henyep Group has its representative offices in several parts of the world. HYCM is primarily situated in the UK, but its branches are scattered across countries such as Cyprus, Hong Kong, Dubai, and Kuwait.
HYCM provides access to cutting-edge trading tools used by the world’s largest banks and professional traders, including trading ideas, technical patterns and insights, and market research from Trading Central, an award winning technical analysis research provider founded in 1999 with offices in Paris, London, New York and Hong Kong. Trading Brokers have spent thousands of hours researching and conducting in-depth analysis on hundreds of online trading brokers. HYCM have a professional global customer support team on hand around the clock to assist.
You simply complete the online registration form and fill out the brief trader’s questionnaire. Once your account has been verified by uploading your proof of identification and address, you can fund via your preferred method and commence trading. HYCM provide a variety of quick and convenient https://forexarticles.net/ methods of depositing and withdrawing from your trading account. Online payment processors such as Skrill and Neteller may be preferred to clients who are looking for a faster method of funding. HYCM offer a variety of trading accounts to suit individual trader needs and levels of experience.
The FCA is widely respected as a leader in financial regulation. In addition, the UK scores highly in Transparency International‘s rankings of countries based on their corruption perceptions index meaning the UK is a pillar of anti-corruption. HYCM customers in the https://forexarticles.net/ UK are protected by the UK based scheme Financial Services Compensation Scheme (FSCS), which was established to protect consumers when authorized financial services firms fail. FSCS pays compensation up to £50k to customers in the UK if HYCM is unable to pay.
Add to that the numerous positive feedbacks from various traders across the globe including those from the UK where they have a huge client base. This kind of brand reliability earns a Reputation score of 15/20. One of the strongest advantages of this broker is that their platforms are not prone to requotes or slippages. This is good news for those who trade on fast-moving markets that would require them to have access to real-time data.
HYCM has got that covered with its Live Chat Support. Knowledgeable trading agents are always ready to chat with customers on issues and areas of the company and forex trading as a whole that they don’t understand. The whole procedure can be completed online and security measures are put in place so that a customer’s funds are transferred back to its original source.
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 account is opened in USD or EUR. The money is immediately available on the account for trading after the payment is made. The withdrawal of funds is possible only for authorized traders, it’s carried out within 4-8 business days (bank transfers) or instantly (electronic payment systems). All payments through electronic payment systems are carried out without commissions.
- 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.
- Available on both Android and iOS devices from Google Play and App Store respectively, MT4 allows customers to trade forex anywhere in the world and anytime they want.
- A review of the HYCM comments and reviews will give you a clear picture of the brokerage company.
- The company’s official website has more than 500,000 visits per month.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
HYCM Customer Care
It comes with all the technical analysis tools, charts and graphs that you will need to assist you with your trading decisions. You can also trade via a mobile device that is running on Android or iOS by installing their mobile apps.
The VIP account comes with lower spreads, a dedicated account manager and comprehensive market analytics. The raw spread account requires a minimum deposit of $200 with variable spreads starting from 0.2 pips and $4 commission fee per round turn.
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.
HYCM has gained a lot of recognition and awards for its outstanding service. Of the two recent awards are the Best Forex Broker award (UAE 2017) provided by the Global Banking and Finance Review and Best Mobile Trading Platform (2017) awarded from the World Finance. 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.
Thanks to our years of experience in CFD, Forex, Indices and Cryptocurrency trading, we know exactly what’s needed to become a successful trader. Although many trading products are very simple and attractive, the available information about often fails to properly match the practice. hycm review That’s why we decided to share our knowledge and provide you with the information and tips you need to take advantage of the opportunities offered. Withdrawals should not only be as smooth but also as safe as deposits and HYCM has made measures in ensuring that happens.
The security of the funds is made by employing multiple security checks that should be completed before a withdrawal is made. HYCM can process a withdrawal in as fast as one day but the transfer usually takes 3 to 7 days to complete, depending on the bank where the money will be transferred. HYCM has made the withdrawal process as efficient as possible. There are some traders who didn’t have a good experience with HYCM for reasons that are beyond the company’s control and power. These people might post some negative reviews about HYCM in forums and social media and call it a scam.
Some previous traders cite the previous company name was better before being changed to HYCM, while some mentioned the length of time it takes to get the refunds. All of these are being addressed continually by HYCM through continuous service improvement plans. Solid Background. HYCM boasts of a foundation that very few forex trading companies can match. The company is part of the Henyep Group, a well-known global company with investment and business portfolios in locations that span the Middle East, Asia, and Europe.