HYCM has a reputation as a popular online forex and CFD broker.

HYCM has a reputation as a popular online forex and CFD broker. In addition to being regulated in multiple jurisdictions, they have an operating history of more than 40 years.

I think I will have money for this already next month. This broker can’t attract you with bonuses and ultra-low deposits if you are used to receiving such offers. That’s one of the oldest Forex brokers in the world with a more than 40-year experience. The rest depends on you, how you forecast the market. That’s a very good broker in a sense of reliability, of course.

HYCM Reviews

Most other brokers offer various technical analysis tools such as Autochartist, VPS services, and various copy trading platforms. The broker hosts unique features like advanced technical analysis, robust platforms, Expert Advisors , flexible trading systems as well as a robust mobile trading application. MT4 does not allow two EAs to be attached to the same chart although you can run more than a hundred EAs on the same trading terminal. Traders can also create a demo account and they will be given virtual cash of $50,000 that remains active for a maximum of 14 days. The HYCM demo account uses the MT4 platform that can be opened in either USD or EUR currencies.

• Moreover, there is a form which can help you to determine which types of account suit you most.
• This broker offers fairly good trading conditions and is regulated.
• Instead of charging a flat-rate fee, forex brokers typically charge a spread between the bid price and the ask price of a currency.
• Another drawback is the lack of diversity of available trading instruments.
• There were two reasons to choose this broker for me.

A withdrawal fee of $30 is charged for withdrawing amounts under $300. The Terminal Window panel shows the details of the trader’s pending, active, and closed trades. In this panel, users can configure alerts and other system notifications. There is a help section menu on top of the MT4 screen containing important documentation, https://forexreviewdaily.com/ guides, and video tutorials on how to use the MT4 platform. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

Our best alternatives to HYCM are:

I’ve just opened a fixed account with this broker and I guess I can tell im satisfied with it. Im used to trading every day, using different timeframes and financial instruments. The broker’s list of assets contains all im ineresed in. That’s a veteran broker that gained enough trust and respect so the funds safetyu https://forexreviewdaily.com/ is kinda out of question as well. When choosing brokers, I always pay attention to several crucial factors. For example, I see how fast my orders are executed, how fast my earnings are withdrawn, and their trading platforms. After all, it immediately becomes clear that a normal trader can not feel safe there.

Trading Central is a financial research firm that provides technical strategies, analysis, and signals on a wide range of trading instruments. The Trading Central MT4 plugin is available for download on the HYCM website. The website has a glossary but no written articles or a dedicated course. This is not a major issue because of the rich collection of videos, though it could be seen by some who prefer reading as something that could be improved upon in the future. It offers a wide gamma of research materials and supporting tools, such as market breakdowns and trading calculators. The majority of the content is in video format and published on the broker’s YouTube channel.

One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. At the time when we collected our data, HYCM’s swap charges were very low. However, keep in mind that rollover charges are subject to underlying volatility, meaning they are likely to change in the future. Still, HYCM offers swap-free trading https://forexreviewdaily.com/hycm/ via its Islamic accounts. HYCM Capital Markets Limited was founded in 1998, and its longevity in the often turbulent financial industry attests to its overall stability and successful business plan. The risks of accounting errors and adverse market exposure are minimised, while the risk of incurring a negative balance is completely removed. Additionally, clients of the entity are protected against its credit risk.

Key HYCM Facts & Features

I believe it’s very convenient for those who can’t determine which account https://forexreviewdaily.com/hycm/ type to choose. Great broker with decent and consistent reputation.

As I know, hycm is a broker with decades of experience. No matter what is going on around, our funds should be in a safe place. I make my trades, and profit comes, so everything goes by its plan. MetaTrader 5 is a widely used trading platform for Forex and especially https://www.plus500.com/en-US/Trading/Forex CFDs. It is more powerful than the MetaTrader 4 platform, offering enhanced social and copy trading features, as well as better back testing and analytical functionalities. I would choose MT5 trading platform, however we shouldn’t exclude MT4 from this list as well.

What is the maximum leverage for HYCM?

I will certainly come back as soon as I sort out with my primary mistakes back in the days. I promise that I will try once again and this time I will be successful as I work on gaining knowledge. It provides a quality web-product, unique services. The company keeps developing, following modern trends in trading in financial markets. Besides positive reviews, there’re also negative ones, and it indicates that the company has something to work on. The program was developed by HYCM in order to reward customers for support of the company and active referring it to their friends.

I have almost all funds withdrawn here, I needed them to close my credit. I have left only $600 on my account and I have started trading again and now the deposit is bigger. This for HYCM was also a test of honesty and the broker passed it. The broker has been proven by years of work with many successful traders. DailyForex.com hycm adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

The range of markets feature on hycm is a good addition, although it is a utility that can be skipped. I’m not too fond of the spread on the fixed account, but this tool prepares you for it. Moreover, in its forex account, they charge 4$ commissions with a floating spread from 0.2 pips. However, the classic and Forex brokers Fixed accounts don’t have any commission. As a long-established and internationally regulated CFD broker, HYCM clients are assured of trading with a regulated trading platform. Forex Education – Under this section traders will find a range of tutorials, trading strategies, educational videos, and eBooks.

NewsWIKIFX REPORT: HYCM TO CONCLUDE PARTICIPATION IN DUBAI FOREX EXPO WITH ‘YEAR-END TRADING’ SEMINAR

When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses. That is why FX Empire developed its proprietary rating system.