HYCM.com WHEN EXPERIENCE MATTERS

HYCM.com WHEN EXPERIENCE MATTERS
  • Customer Service
  • Platform Features
  • Regulation
  • Complaints
3.8

Being a part of  Henyep Group, HYCM is one of the oldest and experienced brokerages in the industry. With strong authority and influence, HYCM did many things to be a rival company till nowadays. Let us convince you that this broker worth your time.

 

GROWING STRONG SINCE 1999

It’s been 17 years since HYCM is working for you. Headquartered in London, UK the company has one of the most influential regulations which are FSA(Financial Services Authority), MiFID( Markets in Financial Instruments Directive) CySec( Cyprus Securities Exchange Commission). You’re completely safe with such strong regulatory agencies. HYCM has number of international awards :

hycmawards

Having such significant awards only means that the brokerage is trusted and safe. Have you seen a brokerage with such number of awards? I bet you haven’t yet.

TRADING CONDITIONS

It doesn’t matter if you’re novice or an experienced trader, HYCM has a trading decision for you. You can trade with multi-asset flagship trading platform which is called Prime Trader, or the worldwide top notch MetaTrader 4 platform. This platform is the most stable, proven, with a live stream of news which goes directly to the platform. It has multiple instruments you can trade on and range your losses with guaranteed stop loss.

Traders can also reach the markets via HYCM Mobile Apps, that allows you to trade anytime, anyplace using your gadget. It’s compatible with Android Apple OS.

The platform is free of charge. Here you view your trade history and manage your account on your smartphone or tablet. The only thing you need is access to the internet.

With HYCM you can trade on as many instruments as possible which are currencies, metals, stocks, commodities, oil, indices.

 

EDUCATIONAL CENTER

HYCM is aspired to improve your trading experience. Using the HYCM educational services is a great way for you to get rewarded just for managing your everyday trading with HYCM.

HYCM is going to maintain your trading with such educational programs as Trading Tools –  video course which consists of several sections: The world of Global Trading (Basic overview of the financial market, financial instruments and the main factors that move the market.) Trading Psychology (teaches you how to control yourself while trading, do not go nervous), Capital Management (describes the most repeatable mistakes made by traders) and many other sections which are helpful and valuable for traders.

Another program called Beginners Course. There are such presentations as Basic Forex Terms and Forex Advantage. This course, as far as you understand, is dedicated to newbie traders who need more information to start trading.

Tutorials provided by HYCM suit for every trader. HYCM gives you video course that teaches you how to use different tools while trading.

And the last but not least program is Trading Strategies. Here you have completely proven and successful strategies which you can apply while trading and see how they work.

EBOOKS

HYCM cares about their clients. They created eBooks devoted to tips for successful trading, basic practice and important technics. Likewise, you can learn about instruments you can trade on in details from eBook which represents CFD’s and Stocks.

 

ACCOUNT OPTIONS

When you choose, which type of account might suit you, you need enough them to make the best option. HYCM suggests three most used types of account:

  • Micro
  • Standard
  • VIP

The Micro requires 100$ minimum deposit, with a minimum fixed spread of 2.0. It has fewer products to trade on comparing to other types. With this type, you can trade on Forex instruments.  This account is useful for all types of a trader from the novice who wants to learn to a professional searching for ways to apply new strategies, indicators and expert advisors with minimal risk.

The standard account offers better spreads for traders, along with extra useful trading tools and requires a minimum deposit of 1,000 dollars to open an account. Standard Account owners have an access to 120 assets to trade and instruments with the leverage of 1:300 and spreads of 1.5.

VIP account has the highest requirement for the deposit which is 10,000$. VIP account offers you a complete range of trading assets and with the leverage of 1:300, minimum fixed spreads of 1.5, what is more pleasant, you will be supported by your own professional broker who will assist you and accompany you through your trading.

 

CUSTOMER SERVICES

HYCM performs an outstanding customer support 24 hours 5 days a week via phone call, email, or a live chat on their official web page https://www.hycm.com/.

They are completely organised and tooled with highly professional staff that will solve any problem you may encounter. Also, on this site, you can check FAQ section which has a great division to such chapter as Getting Started, General, Accounts, Payment, Complaints and Compliance. Customer support is available to help you in several languages including English, Chinese, Russian, Hindi, Arabic, and Urdu.

 

DEPOSITS AND WITHDRAWALS

Deposit and withdrawals can be performed through several payment systems.

HYCM allows deposits through major debit and credit cards, UnionPay, PayPal, WebMoney, wire transfers and Skrill.

You can request for withdrawal by filling in an online form that will be led by the same means as deposits. It’s necessary to give your proper ID documents according to the strict international financial laws.

Withdrawals and Bank transfers can take up to 5 days and under 7 days if using WebMoney or UnionPay.  HYCM company doesn’t charge any fees for withdrawals.

 

CONCLUSION

After years of experience, HYCM is a highly-respected and professional brokerage. Having brilliant educational centre, trading platforms and account options, with all their features, trust and professionalism they put into their work you can be sure they are worth your time.

 

Do you want to learn more about HYCM? Click here to see what complaint they have.

 

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