I really regretted that I wasn’t at the terminal in time. I was looking forward to trading this asset for so long, and I missed it. I don’t want to talk about the services, but I definitely want to talk about the people who work here. That’s so good that I finally found the peace of mind with this broker. Of course, before joining this company I took some time to research the company before registering with it. What I learned about the broker from reviews gave me a hope that it’s not another scam.
The time timed broker, offering professional services to the traders while highly regulated and regarded by traders as well. The brokerage offers conventional trading with spot commodities but there is also the option to trade them as contracts for difference . There are no commissions for Fixed and Classic accounts but Raw account holders will have to pay an extra fee on top of the built-in spread for some of the commodity markets. Since that time I have distributed my capital between several brokers and this money management approach gives me peace of mind. This fact made me sign up because I respect brokerage services with a rich experience.
Top Competitors Of Hycm
Clients can also receive assistance over the telephone by dialing + . Before you contact them, we suggest you browse through the help and educational centers where you will a range of topics from the basics of Forex trading to advanced strategies. It was tailored specifically to the needs of those who trade with more complex instruments like equities and contracts for difference. Unlike its predecessor which uses the MQL4 code, MT5 was built on MQL5. Customers looking to benefit from investing in mutual funds are provided with a range of exchange-traded funds .
If you are in the market for a trusted and reliable Forex broker that offers the market maker model, HYCM is a good choice. MT4 is a tried and tested platform, and there are rarely any issues with the software.
Hycm Trading Fees
The first reason is that I thought that a company with a 40-year experience can’t be a scam project and I should say that they met my expectation. Secondly, I found their spreads attractive enough for my scalping style. It especially applies to a Raw account that I chose when registering with this broker. With this account, I can enjoy spreads starting at 0.2 pips. With 40 years of experience in the provision of trading services, HYCM has earned itself a solid reputation for quality, transparency, and excellence. The broker is well-known for its strict regulatory compliance and has earned the stamps of approval of several top-tier watchdogs.
One of those adequate brokers with which it is pleasant to work. I expected a little more from its trading conditions, as to me they are too ordinary.
Recent Customer Reviews Of Hycm
Yes, it’s possible to open a joint trading account with another person, one should write to the broker’s customer service to get their official authorization. Of course, there are different types of spreads, but all the same, most traders use the usual fixed ones – and that’s enough. It can boost your trading, but only if you would work hard and would try to become better. Don’t expect that education would be a magic wand that would make you a great trader. But it’s usefull, I was learning with HYCM and now I’m making money with trading and that’s my only one income source. It’s also very cool that the broker provides quite a few different assets for trading, among which there are cryptocurrencies (I’ve always wanted to try to trade them). At the beginning, I had problems choosing the type of account, as the broker has 3 of them.
HYCM’s outstanding reputation is further consolidated by the multiple global awards it has collected over the years, 15 to be precise. For the novice traders HYCM offers free educations consisting of trading courses, software tutorials, trading books, learning videos and many more. Professional traders will also find at HYCM useful materials to perfect their trading skills.
Fortunately, I changed my mind soon once I tried it. Usually, brokers of such a high level of service keep a high entry threshold. That is, their minimum deposit amounts to hundreds or thousands of dollars. If you want to make money trading online – you should be ready to trade according to your strategy, not just press buttons randomly. So now my verdict is simple – trading is a place where you can make money, but you should take it seriously and with the cold mind. And that’s the most strange thing most people don’t understand .
Yet, that’s nice that the broker does not increase the stress with slippages or quotes issues. I don’t struggle entering the market at the desired price – the broker executes my orders as it should be. The broker has protection against a negative balance. There are also tight enough spread conditions and an affordable minimum deposit. When I was looking for a brokerage, one of my friends advised me to try this one. So I had no doubts about anything, as I saw that brokerage is regulated, and my friend gave me positive feedback.
How To Open Your Account
And HYCM is a multi-regulated broker, which is a significant advantage for me. The company offers reasonable conditions for traders. But the main thing that attracted me was the convenient mobile app.
The Henyep Group, the company that operates HYCM, is a privately held company. Stavros Lambouris is the CEO International of HYCM. As for cybersecurity, traders can feel secure using the HYCM platforms. The broker has implemented state-of-the-art technology and detailed processes to handle key areas such as user authorization, data protection and network communication. In 2015, HYCM got the CySEC regulation that was a milestone for the company to operate its business in Europe.
Hycm News & Media
The only thing you have to keep in mind is that the deposit and withdrawal methods are rather limited here in my opinion. Few e-payments systems, CC and bank wire, that’s basically it.
By continuing you will receive brokerage related emails. You can unsubscribe any time from within the email. You can only withdraw money to accounts in your name. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee.
Account Types And Customer Services Available At Hycm
Provide additional personal data required and answer a few questions on your financial status and trading experience. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. In the sections below, you will find the most relevant fees charged by HYCM for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. I opened a fixed account with this broker and didn’t regret entrusting my capital to it. I have no issues with withdrawing my earnings and it’s the main thing for me.
So I had a new choice – I had money to create a new business project, but had no idea what I wanted to do. And then I had a private conversation with a close friend, who at that time already had his business and even a good income, but did not admit in what area he works and what he does. He told me about Forex, about trading in this brokerage company and explained that he hides it because many people do not take it seriously and this is one of the most polite reactions that he faced. And he just doesn’t need it, he does what he likes.
Hycm Offers Exclusive Opportunity To Take Your Trading To The Next Level In Dubai
The story is old, and I don’t remember all the details. So that was when I first thought it was necessary to find a broker with protection against negative balance. Because there really are unpredictable situations on the market.
- Educational material available is comprehensive and well-structured and the offering of both MetaTrader platforms is a real bonus.
- HYCM is 1 of the world’s leading forex brokers, offering investors access to over 69 unique currency pairs.
- This is paid directly into a trading account on a monthly basis.
- Stock CFDs include some large companies listed in the UK, US, German and Spanish markets.
- All the material offered is free of charge on its website –both the videos and reading material available.
And HYCM perfectly suits my needs, hope there would be no pitfalls. I’ve been looking for a reliable broker for a long time, as I got tired of trading with unreliable companies that seek only for own profits. I wanted to find a reliable broker that I can trust. One of the oldest brokers in the market, FСA regulation. Besides British regulation there is also CySEC and regulation in the UAE. Of the disadvantages for beginners – there are few promotions and free of charge, no giant leverages , the withdrawal takes 3-4 days.
Supported Platforms For Hycm
For example, here are created different training webinars and reviews – but a lot depends on your preparation. Among the regulations are both CIMA and FCA + CySEC. These two regulations are very respected in the community, so I think this is a big advantage. HYCM offers MT4 and MetaQuotes has designed app for iOS . Just follow Trading – Metatrader 4 on the official website, there will be button ‘Download on the App Store’.