HYCM Trader Apps on Google Play
Among many things that this Forex broker has done is that it offers traders mobile trading services. Once you are done with the demo account, you can choose from the three available live trading accounts that are offered by HYCM. The name of this account is derived from the fact that those who open this account will have to pay fixed spreads of 1.5 pips. The Forex broker also keeps the funds of clients in segregated bank accounts, which is a very important policy that guarantees the safety and security of Forex traders. No matter what goes wrong, even if the broker goes bankrupt, traders will still be able to have access to their funds, all thanks to account segregation.
Mobile Experience on HYCM
You can contact the customer support team either from the live chat, the hotline, or email, as well as using the help center to find information on your own. Once you are done preparing, it is time for you to really get into the market. Do not forget that you must do your best in terms of market hycm review analysis and research to ensure that you are doing the right thing at all times. To be able to verify your account, first, you will need to verify your identity. For this, you will be required to upload a copy of a government-issued ID, something like a diverse license or a passport.
HYCM Trader
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. HYCM is an excellent choice for international traders looking for a 1-stop shop to get started investing. HYCM is licensed and has received numerous awards over the course of its 40 years of experience.
Account Types Available for Traders on HYCM
This can be quite dangerous for traders, especially for those who are just getting started. By holding licenses from so many regulatory agencies around the world, this Forex broker is able to offer safe and secure services to traders from different countries. However, when compared to other leading Forex brokers in the market, HYCM lacks licenses from several jurisdictions. Furthermore, traders who opt to sign up with HYCM have access to a diverse product offering including forex and a list of CFDs, from commodities to stocks and indices. After that, the minimum amount required to make a deposit starts at $20 via Visa/Master cards or e-Wallets.
Safety & Security of HYCM
HYCM transfers funds back to the original source you used to fund your account (otherwise via wire transfer only directly into your bank account). The minimum deposit by wire transfer is $250 and takes up to 7 working days to process. Registered clients can practice trades and strategies in a demo account. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Our HYCM review shows that the Forex broker is regulated by several jurisdictions around the world. With over 40 years of history, it has managed to enjoy a reputation as a safe and secure broker. Linda started her writing career more than 25 years ago as a newspaper journalist in South Africa, where she obtained an MPhil degree in journalism from the University of Stellenbosch. She’s been freelancing from her new home in Austria for the past ten years.
- HYCM is known for charging very low fees and offers traders rich educational material.
- Being regulated and licensed by leading agencies around the world, HYCM ensures that they protect the funds of clients at all times.
- The Forex broker offers traders high-quality services and an array of trading assets to choose from.
- This is a very important thing for many traders today, as it allows them to enjoy the Forex trading market at any time during the day and wherever they might be.
Key HYCM Facts & Features
After your account has been verified, you can start with the next step. This one might be a bit more challenging than the first one, as it is connected with providing some documentation. But, do not forget that it is done for your own safety and security.
The broker offers traders a special trading account that can be used to trade not only stocks but also exchange-traded funds, which have become very popular among traders over the past few years. HYCM offers clients three types of live trading accounts and a demo account. Based on their requirements and experience, traders can choose between a Fixed, Classic, and Raw account. I once tried out services of this broker and actually can state that everything was okay.
In order to help traders find something that fits their individual needs and interests, HYCM offers different types of accounts. This way, they will be able to trade according to their individual interests in the market. Indices list different types of stocks in one asset, which allows traders to diversify their investment through an entire industry. In addition, its advanced technical analysis options include 38 technical indicators, 44 analytical objects, and unlimited charts. The underlying financial instrument and the type of account determine the spreads that traders pay. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
I amusing also the online HY Affiliates system and it worksperfectly from the time I joined the HY Affiliates program. Henyep Investment is regulated by the UK’s Financial Conduct Authority (FCA). All client monies are held by Henyep Investment in a segregated account as per FCA regulations.
Now that we have covered most of the basics about HYCM, it is time for us to move on to discussing how you can create an account and start trading on https://forexbroker-listing.com/ HYCM. There is no additional commission to be paid by Classic account holders. To open this account, you will be required to deposit at least $100.
