HYCM Review
HYCM
HYCM na one im establishment wey don dey provide online trading for over 40 years. Since dem establsih for 1977, HYCM don turn to one of di oldest brokers for di industry. Di company dey regulated by reputable authorities like FCA, CySEC, and CIMA wey dey ensure say dem dey comply with MiFID regulations. Based on say dem get FCA regulation wey pipo dey respect wella, HYCM dey recognized as legitimate broker.
HYCM dey offer tight spreads and fast execution, wey dey give traders competitive advantage. Dem dey protect client funds through separated accounts with Tier-1 banks, wey dey guarantee safety for FCA, CySEC, and CIMA clients. Another thing be say FCA and CySEC clients enjoy extra protection through Financial Services Compensation Scheme (FSCS) and Investors Compensation Fund (ICF) respectively.
HYCM dey take data protection serious, dem dey use state-of-di-art technology and strong processes to ensure say user authorization, data protection, and secure network communication dey in place. All connections and data transmissions dey encoded using 128-bit keys, including di traders' data dem.
To prevent traders from lose pass di balance of dia trading account, HYCM dey offer negative balance protection, wey be one valuable feature especially wen pipo dey trade with di maximum leverage of 1:500, wey HYCM provide.
HYCM sabi di importance of customer support and dem dey offer multilingual 24/5 assistance tru different channels like live chat, email support, hotline, and extensive help and education center.
Deposits and withdrawals dey convenient as dem dey process am tru popular methods like wire transfer, bank cards, Skrill, Neteller, Perfect Money, and Bitcoin. Di better part be say all deposits and withdrawals dey free of charge and withdrawals jes dey take 24 hours max to process.
Countries
Algeria, Andorra, Angola, Antigua and Barbuda +145 more
Regulations
CIMA, CySEC, FCA UK
Account currencies
AED, CAD, EUR, GBP +2 more
Assets
CFDs on Stocks, Crypto CFDs, Energies, Indices, Precious metals, Soft Commodities
Platforms
MT4, MT5
Deposit methods
Bank Transfer, Bitcoin, Credit Card, Neteller, Perfect Money, Skrill
Others
Segregated accounts, Copy trading, Demo account, Exotic Pairs, Expert Advisors, Fast withdrawals, Fixed spreads, Hedging allowed, High leverage, Lowest minimum deposit, Micro Lots, Negative balance protection, PAMM, Part of compensation scheme, Provides webinars and seminars, Swap-free
Promos
Credit bonus
Visit brokerHYCM dey provide three different types of account: Fixed, Classic, and Raw. Di Fixed account dey offer fixed spread of 1.5 pips for major pairs, e require minimum deposit of 100 USD, e no allow EAs (Expert Advisors), e dey offer Islamic version, and e get minimum lot size of 0.01. Dem no dey charge trading commission for Forex pairs for di Fixed account.
Di Classic account dey feature variable spreads wey start from 1.2 pips, no commission, minimum deposit of 100 USD, e allow EAs, e dey provide Islamic accounts, and e get minimum lot size of 0.01 lots.
Di Raw account dey offer di lowest spreads among di three account types, starting from 0.1 pips, with trading commission of 4 USD per lot round turn. E require minimum deposit of 200 USD, e allow EAs and Islamic accounts, and e get minimum lot size of 0.01 lots.
Di maximum leverage dey depend on di trader's jurisdiction. For FCA and CySEC jurisdictions, di maximum leverage wey dem allow for retail clients on major Forex pairs na 1:30. However, for other jurisdictions, e fit reach as high as 1:500.
HYCM still dey provide VIP accounts with additional benefits like one dedicated account manager, improved spreads, and comprehensive market analysis services.
Recently, di broker don add over 1000 stocks and dem don introduce dedicated trading account wey no get trading commission, require 10 USD initial deposit for fractional shares trading and investing, and you fit receive dividends. Di leverage for di investment account na 1:1.
HYCM dey offer custom MT4 and MT5 trading platforms wey dey available for desktop and mobile devices. These platforms support trading for over 300 instruments from five different asset classes: Forex, indices, commodities, cryptocurrencies, and share CFDs.
To help with market research, HYCM dey provide different tools like economic calendar and calculators. Di educational section offer webinars, workshops, seminars, and Forex knowledge base. Overall, HYCM na well-rounded broker with extensive experience, strong regulations, favorable trading conditions, and sufficient educational and market research base.
