HYCM Review ️ Is it Safe, Legit or a Scam Broker

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Besides this, I had no problems with withdrawing funds. II think that in any case, HYCM broker will offer you great trading offers such as low spreads and zero commissions. There are minimal floating spreads, fast and accurate order execution. I joined this company following the recommendation of my friend. By that time I had a series of unpleasant experiences with unregulated brokers and this company turned out to be a good solution for me. I attracted a wide selection of trading instruments, it seems to me that such a diverse selection of instruments as hycm is simply not available anywhere else.

hycm review

I can just trade and make money without overthinking everything. So I’m glad I opened an account with this brokerage. https://forexbroker-listing.com/ Fixed spreads are better in long-term trading, as in the short-term they will ‘eat’ significant part of your profits.

But if you mean whether they can help with choosing the best account type or help you with understanding the leverage and margin requirements – yes, they can be very helpful. Invested all my free money in trading with this brokerage and now I’m full-time. It was hard emotionally and firstly I thought I would just lose everything. However, I learned trading with HYCM educational center and finally I undestood I can make money trading. I don’t think that the brokerage is the first importance things, but at least I can claim that HYCM is good one. That’s why, when I went to the website of this broker, I realized that I finally found what I needed.

Changes will take effect once you reload the page. For HYCM demo accounts, no documentation is necessary. In order to register, you must submit personal information about yourself, like your name, residential address, email address, etc. After email verification, you can proceed to create a demo account for yourself. Keep in mind that if you withdraw less than $300 by wire transfer, HYCM will charge you an additional $30 processing fee on top of your deposit. Fund withdrawals can be completed using the same payment methods used to make the initial deposit.

This happened because I studied hard and practiced a lot on the HYCM demo account. For this, the broker provides all the possibilities. HYCM provides access to the widely used MT4/MT5 forex trading platform.

Tradable Instruments

Not cool that there is nothing else interesting, standard trading conditions. It’s the brokerage I was looking for, regulated and it still accepts small deposits traders. I’m looking for trading just like a hobby and I’m not interested in investing thousands of dollars, I just want learn trading, practice and enjoy this proccess. But even taking in account I have no plans to invest significant money, I still was looking for regulated brokerage, as I don’t want to be scammed.

hycm review

With an intuitive dashboard, the tool uses powerful algorithms to scan the markets and identify trading opportunities across FX, stocks, indices, and commodities. For users tight on time, the hycm review feature can help traders find market opportunities and make more informed trading decisions. No, HYCM is not a scam, as the broker is well-regulated and has been in business since 1977.

Deposit fees and options

With regards to HYCM Capital Markets Limited, we found the entity very safe and reliable. It is licenced and authorised by arguably the most trusted regulator in the industry – the FCA in the UK – and it adheres to all essential safety regulations. While we adhere to strict editorial integrity, this page may refer to our partners’ products. HYCM has an overall Trust Score of 86 out of 99. Select one or more of these brokers to compare against HYCM .

  • They are constantly looking to add some of the latest and most popular cryptos.
  • MT5 has 21 different timeframes, which is arguably its greatest advantage.
  • The minimum deposit/trading condition value is crazy.
  • HYCM made a new Mobile App with improved functionality as a new release of its proprietary mobile application HYCM Trader.
  • We also compared HYCM’s fees with those of two similar brokers we selected, XM and AvaTrade.

I think HYCM did a great job on their services because it is really adapted to modern trading. I heard some branches of the broker offer very low leverage due to regulation restrictions. I think this account is the best for scalping and intraday trading, which I like to do. Because of my strategy, I trade on short timeframes up to the daily one. This broker doesn’t offer any fancy features such as bonuses, robots, points for activity and other questionable stuff that can hardly make your trading more productive. Very convenient registration, even from a mobile phone.

Support

Waiting times for both deposits and withdrawals are generally low compared to the broader industry, and the minimum transaction requirements are reasonable. HYCM does not charge handling fees on deposits and withdrawals, though third-party fees may apply. For instance, withdrawals over $5,000 via Skrill and Neteller are subject to a 1% processing fee. The overall competitiveness of HYCM’s trading costs is further bolstered by its low swap charges. Its spreads and swap charges are low to medium compared to the broader industry, with commission-free trading also available.

HYCM is part of the Henyep Capital Markets Group, an international conglomerate specializing in financial services, property, education, and charity. If the balance on your account goes into negative, you will be protected. Yes, it isregulated by several financial authorities globally, including the top-tier FCA. HYCM’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. You can only withdraw money to accounts in your name. How long does it take to withdraw money from HYCM?

I can’t imagined my trade life without HYCM at these moment. Cause I trade in my RAW accounts on the days to days basis. Even some scalpers can find themselves comfortable here with the tightest spreads on Raw account. Everything excepts the spreads are of a top tier quality right here it is. The HYCM brand incorporates four companies regulated by different financial authorities. Users can also refine their execution strategies in MT4 and MT5 using Expert Advisors .

HYCM Fees, Spreads, and Commission

They give an advantage when trading at night because unlike floating ones, they don’t widen at night. You can be lucky only in the beginning, but then it passes quickly. And if you want to earn continuously – you need to learn constantly. And here on the broker’s website all the materials are at your fingertips, which is very convenient. Believe me, among the ocean of brokers, only a couple or three are really good. The broker is constantly evolving and gives its users a wide choice of accounts with different trading conditions.

Many traders are looking for opportunities and I think brokers like HYCM can help. So, these very things make me confident about the fact that I made the right decision when I started to trade with hycm. I mean that there is nothing more irritating in trading than slippages and requotes. However, they happen qute rare when we are talking about trading with hycm.

Thye’ve got fixed spreads on one of the account types, so this shouldn’t be a problem. One of those adequate brokers with which it is pleasant to work. I expected a little more from its trading conditions, as to me they are too ordinary. But I am getting a little nagging here) It’s cool that there are several types of accounts from which you can choose a more suitable one for you.

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