Not currently available to traders based in the U.S. For me it’s a fundamental thing, because several times in my lfie I faced https://forexreviewdaily.com/hycm/ the situation when the data was leaked. It was super sad and the whole situation with leaked data really disappointed me.
The rest depends on you, how you forecast the market. But the key features of this company became clear to me exactly in practice, when I started to trade personally and started to check the quality of certain services. And I can say that I’m really lucky to be here. That’s a very good broker in a sense of reliability, of course. If you take into account bonuses first when assessing brokers, then this broker is not for you. But if you put reliability first, you will not have any problems with this broker.
- Since then I try to choose only the companies which guarantee this protection.
- We found the live chat to be the most responsive.
- Overall, HYCM’s platform support is about average when compared to other brokers.
- We value transparency and openness in the way we review the partners.
- I have been trading scalping for many years, but I didn’t like the spreads of my former brokers.
In general, I was satisfied with the trading conditions and the service provided. Not without problems, of course, but, as they say, that it is not mistaken and there are no problems only for those who do nothing. Their support helped to quickly solve all problems.
It is great that the broker cares about traders’ preferences. The broker HYCM offers very good spreads to trade, and there is an opportunity to open an account with both fixed and variable spreads. For example, on a Fixed account, fixed spreads start from 1.8 pips, no commission.
That allows all traders to try trading with company. Most FCA regulated brokers start at $1,000 and HYCM has a clear competitive advantage. Yeah, I think HYCM is good for you even if you have no trading experience at all. The broker has a simple working interface, a user-friendly trading platform, and a demo account. Usually, all beginners https://en.wikipedia.org/wiki/Foreign_exchange_market gain experience first trading on a demo, and then open a real account. It is important to get into broker fees too, check additional fees like a commission for deposits or withdrawal also non-trading fees. If you have any problems finding your way around the site or trading in general, there is a wealth of information available.
Non trading fees
This European firm is regulated by CySEC, the main regulatory authority in Cyprus. Another related company is the Henyep Securities Limited that is based in Hong Kong and is regulated by the SFC. Actual HYCM leverage may vary by trading account’s compliance with local regulations. This means that the https://forexreviewdaily.com/hycm/ leverage levels and trading conditions that apply to you will vary depending on where you call home because each country has its own set of rules and laws. Work with an award-winning and multi-regulated broker with a reputation of providing a standard of excellence to traders across the world.
Trading Central is one of the most popular trading tools available and provides excellent market analysis, and HYCM does well to offer this service to its clients. The Fixed Account is a commission-free hy markets com account, with spreads fixed at 1.8 pips on the EUR/USD, which is wider than other market makers. The minimum deposit requirement on this account is 100 USD, making it accessible to beginner traders.
Is this broker good for beginners?
I suppose it’s easy to make money with any broker, especially with this one. Everything Forex brokers is because this company for me is a top 3 brokers I have traded in my life with.
What is the minimum deposit at HYCM?
There are3 main types of trading accounts at HYCM , which differ in their pricing structure and the required minimum deposit. The key differences are shown in the Forex brokers following table. Islamic traders looking for religion-compliant accounts. HYCM offers swap-free accounts that do not accrue interest for each of its fee types.
Mobile trading platform
HYCM acts as the market maker and principal to all spot forex Transactions and CFD Transactions executed by you with HYCM. Execution Venues are the entities to which the orders are placed https://forexreviewdaily.com/ or to which the Company transmits orders for execution. The Company acts as riskless principal in relation to CFDs therefore the Company is the sole execution venue for clients’ orders.
They’ve had plenty of time to build a reputation, and they seem to have done well. I have just started trading CFDs here but so far, so good. I chose the broker because of its reputation and distribution policy.