Knowledgeable trading agents are always ready to chat with customers on issues and areas of the company and forex trading as a whole that they don’t understand. Funding accounts have been made easy for customers by offering a selection of methods in which funds can be transferred.
Is HYCM (Henyep Capital Markets) a scam? This review compares HYCM (Henyep Capital Markets) with other brokers based on fees, trading platform and experience of traders. HYCM is a leader in providing retail and investors with access to foreign exchange and other capital markets. At HYCM, traders can trade forex, cryptocurrencies, metals, energy products, indices, stocks, and commodities, all from a single integrated account.
HYCM – A Scam?
HYCM is an advocate of fair trading practices and complete transparency in all withdrawal processes and account funding. A customer only needs a minimum deposit of $100 to start trading with HYCM. A customer only needs to go to the Client Portal, click on Banking and Deposit Funds in the account that he desires to use. For those with a lot of funds to invest, they can choose to have a VIP account.
To take part in the promotion, you need to replenish your account with at least $1,000. Be sure to clarify the conditions of participation in the promotion with your personal manager. The second comes in the form of rewards via the bring a friend program.
They offer the majority of the popular trading assets, from forex, cryptocurrencies, indices, commodities, metals, and stocks. However, there is a low number of stocks, which prevents traders from investing in a varied asset portfolio. There is a comprehensive education section on HYCM’s website which features a wide range of videos and eBooks, as well as MT4 video tutorials. The education suite is also home to textual guides that should appeal to both beginner and seasoned traders. From tips for traders and managing risk to advanced technical analysis, the site appears to have good educational content for everyone.
The broker is headquartered in London and has other operational offices in Cyprus. With a focus on excellence, HYCM also boasts a 24/5 bilingual support team via phone, email and live chat. Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice.
Each broker was graded on 81 different variables and, in total, over 60,000 words of research were produced. HYCM brings over 40 years of operations and a lineup of global brands. Despite its respected history, the forex broker struggles to differentiate itself beyond a basic MetaTrader experience. Compared to industry leaders such as IG and Saxo Bank, there few reasons to open an account with HYCM. Compared to pricing leaders CMC Markets and FOREX.com, HYCM is expensive and not a good choice for discount trading.
- Choose between Bitcoin, Litecoin, Ripple and Ethereum and be part of the blockchain revolution with financial instruments that are decentralised and bring you increased privacy and lower transaction fees.
- With this platform, traders can trade all markets from one integrated account and have access to comprehensive charts and graphs.
- We should also mention the Refer-a Friend programme, which gives traders the opportunity to earn up to $250.
- The Cayman Islands Monetary Authority （CIMA）was established as a body corporate under the Monetary Authority Law on 1 January 1997.
- Also included is a helpful guide to the MetaTrader 4 trading platform.
Please be advised that investing and trading in futures, commodities, and all other leveraged products involves a certain level of risk. Financial markets are susceptible to many outside influences, and there is no way to know with absolute certainty how any asset will react to those influences. Any time you trade on financial instruments there is the risk that you may lose some or all of your capital.
• The Fixed account has fixed spreads from 1.8 PIPS. There’s https://forexarticles.net/ no commission and requires $100 minimum deposit.
Going with the growth of technology and communications in 2007, Henyep Investment (UK) Ltd launchedits HY Markets online trading platform. 2015 was another milestone for the company as far licensing and regulations are concerned as it’s Europe arm was licensed by CySEC.
On the company’s profile page at our website you can read HYCM reviews by other traders as well as write your personal HYCM review of your personal experience with the broker. To add a forex review or to answer other traders in this https://forexarticles.net/ forex broker ratings you need to login to the site. HYCM news and reviews of financial events are also available in our website. Solid Background. HYCM boasts of a foundation that very few forex trading companies can match.
All other accounts seem reasonable although I didn’t trade with those accounts. Select one or more of these brokers to compare against HYCM (Henyep Markets). Find out how HYCM (Henyep Markets) stacks up against other brokers. For our 2019 Forex Broker Review we assessed, rated, and ranked 28 international forex brokers over a six month time period.
This can be seen from the fact that it is easy for everyone to open a live trading account, with just a small initial deposit of $100. The site is easy to navigate. All the information is easily accessible.
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With this platform, traders can trade all markets from one integrated account and have access to comprehensive charts and graphs. Live market news is also streamed directly to MT4 and traders can benefit from detailed analysis tools, hycm feedback such as Trading Central. HYCM is a trading name of Henyep Capital Markets (UK) Limited and HYCM (Europe) Ltd. Henyep Capital Markets is authorised and regulated by the Financial Conduct Authority (FCA) under reference no. 186171.