People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Depending on the user’s preferred language, HYCM’s customer service support is available in Arabic, Chinese, French, German, Polish, Russian, and Spanish. The quality of HYCM’s trading services has won the broker numerous awards. The brokerage meets regulatory requirements of three of the most highly respected jurisdictions across the globe. Business operations of Henyep Capital Markets (UK) Limited are authorised and supervised by the United Kingdom’s Financial Conduct Authority (FCA).
Swap-Free Account Fees
There is no commission charged as fees are included within the spread. The fixed spread account requires a minimum deposit of $100 with fixed spreads starting from 1.8 pips. They embrace the latest hycm mt4 broker review innovative technologies in order to cater to traders ever demanding needs which I find to show that they really care about their customer’s experience.
Ways Marketers Are Making You Addicted to Day Trading Alerts
These tools are designed to help you make informed decisions and refine your trading strategies. Leverage and margin are powerful tools that allow traders to maximize their potential returns, but they also increase risk. HYCM offers a range of leverage options, and understanding the margin requirements for each asset is crucial for managing your trading strategy effectively.
- The texts on this page are not are not investment recommendations.
- The general rule is that as the volume of a selected trading instrument increases, the client will be granted access to lower maximum leverage.
- Traders can start investing with a minimum first-time deposit of $100 ($20 on regular deposits), and payments are fee-free.
HYCM have a proprietary platform as well as MetaTrader 4.
Premium and VIP accounts are also available, but these require you to contact HYCM directly for further details. Fixed accounts operate with fixed spreads, while Classic and Raw accounts have variable spreads. The following table outlines the differences between the various account types. After careful research, our HYCM review team can confirm that this is a trustworthy broker with a strong reputation in the Forex community. Boasting a long and successful history, having been operational since 1977, HYCM also offers multi-jurisdictional regulation and has won 15 reputable awards over the years.
You can get this tool form other brokers including BlackBull Markets. I appreciate that HYCM takes safety of client funds, transparency and fair practice very seriously. They have partnered with top tier banks such as Barclays and Eurobank to hold client funds in segregated bank accounts so they cannot be used for any other purpose. HYCM additionally has an FAQ section in the Help Center that is reasonably robust. The questions are divided into intuitive categories, and there is a convenient search feature.
Liberty Market Investment Review
These platforms are available at the majority of CFD brokers making them one of the most popular options. MetaTrader platforms have grown to become the go-to platform for beginners whilst they still pack a big enough punch for professional traders. For beginners and those of you who like detailed market analysis, HYCM has a sophisticated education and research section full of useful educational content and research tools. Combined with the right psychology, these tools help traders to spot opportunities and make informed decisions. In addition, demo accounts and Islamic accounts also make HYCM worth taking a closer look at.
You should note that some assets are only available to trade with the MT5 trading platform. If you are looking for the lowest spread the broker has to offer then the HYCM Raw Account is an excellent choice. This low spread starts from 0.2 pips though you will have to pay a $4 round turn commission on the trades. Again here you will have access to the EAs feature in your trading platform.
- HYCM is committed to complete financial transparency and must ensure that CFD trading is appropriate for all of our customers.
- With that said, they do offer a direct ECN style connection to their network of liquidity providers if you are trading through a Raw account.
- The company is managed by a team of experienced professionals who oversee operations, ensuring regulatory compliance and delivering a top-quality trading experience to clients.
- The lack of Autochartist tools may be a disadvantage for some traders, but HYCM makes up for this with Trading Central tools and information.
Financial Instruments and Trading Conditions
As such, we suggest that if you cannot find the information that you want on the website via your mobile device, open it on a computer and you may find the answer. HYCM is a market maker, and the broker has a clear execution policy outlined in its documentation. As an HYCM client, you can also download and install the Trading Central plug-in on MT5. The MT5 analytics and information from MT5 overlap somewhat with those from MT4.
Trading signals and indicators
Besides HYCM maintains powerful trading capabilities, offering an advanced range of trading instruments and accompanying its clients with dedicated support. I was trading in gold, silver, and indices using take profit (TP) and stop loss (SL) orders. Initially, I held gold trades with the expectation that prices would rise due to geopolitical issues. However, when my relationship manager flagged this strategy two months ago and advised against holding these trades for too long, I decided to close all of them. Overall, I’ve lost $9,000 in this account, and I am requesting to withdraw the remaining funds of approx $3,900 back to my original source.In summary, I find HYCM to be an unreliable broker.
Once processed, your funds will be available in your trading account. Margin is the amount of money you must set aside as collateral to open a trade. It acts as a safeguard for the broker in case the trade moves against you.