HYCM Review 2019
By 1981, Henyep has already built its 25thoffice overseas showing its rapid growth. Henyep Investment (UK) Ltd then got its license from the UK’s FCA in 1998. Going with the growth of technology and communications in 2007, Henyep Investment (UK) Ltd launchedits HY Markets online trading platform. 2015 was another milestone for the company as far licensing and regulations are concerned as it’s Europe arm was licensed by CySEC.
Huel203 04/14/2015 (2) (3) Stopped working with HY markets because of high spread on eur usd, moved to other company, but then got back to Hy markets. It has not the best conditions in the market, but its definetely not a scum. Now i feel like paying increasing spread for my confidence about my money. FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
Each broker was graded on 81 different variables and, in total, over 60,000 words of research https://forexarticles.net/ were produced. HYCM brings over 40 years of operations and a lineup of global brands.
71.4% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
As a matter of fact, HYCM forex provides some of the most competitive spreads in the market as they amount to 1.2 pips on the USD/EUR and level less on standard and VIP accounts. After all, HYCM brokerage company has a strong and very reliable reputation in the financial market.
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. Account funding and withdrawals can be performed through wire transfer, credit cards, WebMoney, UnionPay, or through local funds transfer.
Clearly HYCM has demonstrated that it’s on ‘kaizen’ model (constant improvement) of every aspect of its business.HYCM review by industry experts would certainly accord it with more awards in the year 2018, which as at now looks obvious. Is HYCM forex trading is legit?
Scam Broker – Not refunding my Proft Length of use: 0-3 Months
- Licensed and fully regulated by the FCA, HYCM guarantee the security of investors’ personal and financial data, and their selection of user friendly interfaces makes them suitable for both experienced and novice traders.
- HYCM is authorized by the MiFID derivative to offer FX products and services in mainland EU and to the EEA contributors.
- MT4 MT5 IOS Android Broker owned Software The following is the HYCM Forex Trading – Review 2018.
- Although bank transfers can take up to 5 days to appear in the trading account, all other methods are instantly processed for immediate trading.
There are three primary account types at HYCM to suit the needs of any individual, defined as Fixed, Classic and Raw Spread Accounts. As it is obvious from the names, HYCM uses either a fixed spread model with slightly higher spread, means commissions are not charged on trades. Or as an option to stick with variable nature spreads, or even raw spreads provided by interbank with commission per trade.
maybe it was just a coincidence but i got my money in 3 hours. in other days i get it for 7 or 9 hours. HYCM offers a large number of trading assets including Forex and CFDs, metals such as gold and silver, energy products such as U.S. oil and natural gas, as well as the all-important commodities such as cotton and sugar, indices, a selection of blue-chip stocks and more.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. HYCM also offer MetaTrader 5 (MT5) which is similar to MT4 with some hycm platform additional features including additional timeframes, more technical analysis indicators and an integrated economic calendar. MT5 also has around 300 trading instruments compared to the 100 on MT4.
I have positions that made money and positions that lost money. The market is very unpredictable these days … this crisis is affecting everything. This is not the brokers fault.
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.
Notably, withdrawal requests take up to 7 days to process and are not usually charged withdrawal fees by HYCM. Only withdrawals of less than $300 made by bank transfer pay a $30 handling fee. All live trading accounts https://forexarticles.net/ offered by HYMC have an Islamic account equivalent. To discuss setting up an Islamic account and the adaptions that will be made by the technical team, clients must contact the customer services team.
HYCM Broker Review – How Does This Broker Rank?
HYCM is backed by the Henyep Capital Markets Group, a global company with investments in property, financial services, charity, and education. It is regulated by internationally recognized financial regulators CySEC and FCA, and has representations in Hong Kong, United Kingdom, Dubai, and Cyprus. This solid background is what makes HYCM reliable so customers are assured that they are only getting the best trading solutions the forex trading industry can offer. HYCM has garnered a lot of accolades and awards for its excellent service.
However, if clients choose to withdraw less than $300 by wire transfer, they are charged a $30 handling fee. Traders at HYCM have free access to a broad range of educational material covering forex and CFD trading. Moreover, the video tutorials and E-books are designed to meet the learning requirements of traders at all levels of experience. 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.