HYCM Forex Broker Review & Ratings
The main goal of the organization is the support and maintenance of the integrity of the UK financial industry. FCA regulates the activities of Henyep Capital Markets, whose office is in London (license 186171).
As with anything the final descision which broker to trade with should ultimately on what and how you going to trade. if you plan to trade CFD shares, the broker is sufficient. I encourage you to check out the detailed comparison of CFD brokers because choosing the right broker greatly affects your profitability.
It is very important to select a broker like Hycm or Paxforex you can trust with your money. To finish off our comparison, let’s look at the popular tools and features traders prefer. HYCM maintains a broad corporate footprint in over 20 countries and three continents. Regulatory compliance is above the industry standard with this broker, thereby ensuring peace of mind from the likes of the FCA in the UK, CySEC, the SFC in Hong Kong, the DFSA in Dubai, and by way of the MiFID for the European Union. Client funds are always safe, protected by regional compensation plans, by segregated trustee accounts in top-tier banks, and by external regulatory compliance.
Traders can also make deposits in KWD, AED, and SAR, and it will be converted to USD for trading. When trading at HYCM, you can trade with the well-known MetaTrader 4 platform. The MT4 platform is preferred by most traders, since it allows the clients to automate their trades by Expert Advisors (EA) fully and to let the program do the work. HYCM also offers its in-house web-based PrimeTrade platform. This platform is a new multi-asset web platform that has a user-friendly interface, and it provides integrated multiple prices, complete online account management, and advanced charts.
Subjects covered include the very basic as well as more complex topics such as capital management trading psychology, market analysis, and trading strategies. Also included is a helpful guide to the MetaTrader 4 trading platform. Read our HYCM Review and Discover the Merits of Choosing a Forex Broker with more than 3 Decades of Experience. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.
The program was developed by HYCM in order to reward traders for support and active recommendations to their friends. So, if the trader’s friend follows the recommendation and actively works on the platform, opens a real account and starts earning, the trader will receive a bonus of up to $250.
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 hycm review don’t understand. Funding accounts have been made easy for customers by offering a selection of methods in which funds can be transferred.
The broker was founded in 1977 and since than it managed to get a licence from the CySec and FCA, which allows it to operate legally in the European Union and United Kingdom. It provides its services in Czech, English, Polish and German. The brokerage offers more than 120 tradeable assets to traders. Even though this is an impressive amount, it is not as many as some of the other mainstream Forex brokerages.
Fully Regulated Henyep Capital Markets (UK) Limited is authorized and regulated under the Financial Conduct Authority with reference number 186171. Learn more about our trading platform Millions of traders choose MetaTrader 4 to trade the markets, offering a multitude of opportunities to traders of all https://forexarticles.net/ skill levels. Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website.
- Such unique and universal access to multiple financial markets gives the HYCM forex broker customers a competitive edge to trade all markets and diversify an investment portfolio.
- Both novice and more experienced traders can benefit from the services of such a market leader.
- They are fully licensed and regulated, which means that your financial and personal details are secure.
- Being recognized by some of the world’s leading forex brokerage organizations only shows how the company is performing and constantly evolving.
HYCM
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. With more than four decades of solid trading experience, the Group is a leader in its core businesses. HYCM inherited the Group’s integrity and expertise which benefits the clients and the whole community as well.
The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. Founded in 1977, Henyep has a long-standing reputation for providing financial services across global capital markets, and it is an experienced member of multiple exchanges in Hong Kong, where it has its headquarters. In 1998, Henyep obtained European regulation with Britain’s Financial Conduct Authority (FCA) where, it remains regulated under Henyep Capital Markets (HYCM).
The MetaTrader 4 mobile app allows trading on the financial markets via iOS and Android powered smartphones and tablets.
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. From the mobile application, opening, managing, and closing trading positions are immediately possible, giving customers complete control over their trading accounts.
UK broker HYCM with false address
Between 74-89 % of 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. HYCM offers traders a welcome on-deposit bonus of 25% (up to $5,000) for all live account holders who have deposits of at least $500. In addition to this bonus, there is also a Refer-a-friend program. All depending on the initial deposit amount of the friend you referred, you can get up to $250.
Reprint of the materials is available only with the permission of the editorial staff. For the novice traders HYCM offers free educations consisting of trading courses, https://forexarticles.net/ software tutorials, trading books, learning videos and many more. Professional traders will also find at HYCM useful materials to perfect their trading skills.
