The broker offers over 300 trading instruments on cutting edge platforms. The account types are designed with a focus on traders. The broker also provides some trading tools and educational resources. The broker has over 15 industry awards to show for its excellent services. HYCM is a regulated and experienced broker that is recommended to all traders. HYCM is a normal broker that has its drawbacks.

HYCM has a consumer rating of 4.65 stars from 141 reviews indicating that most customers are generally satisfied with their purchases. Consumers satisfied with HYCM most frequently mention trading conditions, long time and minimum deposit.HYCM ranks 2nd among Brokerage sites. Company has different account types accorfing to your trading scenarious, so it would be easy to start. Do not forget that it is just a tools and you need to trade by yourself. After all, this broker is well regulated and has clear regsitration so there is no worry for earnings and funds to be in danger. I wanted an account with low fixed spreads, that was one of the reasons why I registered with this broker.

It mainly depends on the trader’s strategy and his vision of the upcoming market steps. P.S. I want to say a special thanks to this broker for forex calculators – really useful stuff which helps me. I like the fact that the company takes care of the clients’ convenience. In this company’s case, clients do not have to search frantically for many documents and send them via computer or laptop. Everything can be done very quickly on the phone.

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this HYCM broker review. Please go through this article on how we conduct our broker reviews. The market analysis is curated by both in-house market analysts and a newsletter, in partnership with Trading Central, which provides additional trading ideas.

I always try to begin the acquaintance with a new broker with their website. Those brokers who really care about traders and their conveniences will ALWAYS create good-looking websites with plenty of information concerning trading. I like that skrill can be used to deposit and withdraw my earnings.

How To Verify Your HYCM Account

I have been trading with this broker for a long time. I really like that HYCM has licenses from various government agencies. This is very important for me, because I’m so calm about my money.

On the third page traders are required to choose their preferred platform , type of accounts , account currency, and leverage. After this, traders are required to set a password for future HYCM login. MetaTrader 4 is a leading, world-renowned trading platform. It has live market news, advanced charting and analytical tools such built-in economic calendar, expert advisors, and trading central analysis support with 24/7 customer help.

It’s got good trading conditions, and you don’t have to worry about anything happening to your account. That’s because the broker is fully regulated and there’s nothing wrong with its registration. HYCM offers demo account, just go to your account after signing up and choose Create Demo Account. Demo is the same as the real account, but without risking your own money.

I opened a real HYCM account

Actually, this details was the main for me, so I can claim that everything is okay with it. Metatraders, Metatrader 4 would be the most preferable because I work with customized indicators with the EX4 extension. Very convenient registration, even from a mobile phone. A good site that is not overloaded with information. Excellent order execution speed; during the entire trading period, there were no particular problems.

The brokerage offers 3 account levels with varying fee structures that you can customize to fit your risk tolerance and frequency of trades. HYCM provides easy access to the forex market anytime and anywhere through its web-based trading platform. Moreover, it has industry-leading MetaTrader 4 and HY MT4 Mobile platforms. Additionally, they have Prime Trader, which is a brand new multi-asset, flagship platform. HYCM is a Multi-awarded broker and backed by the experienced forex trading platforms that are in operation for more than 30 years.

You know that stock trading doesn’t require high leverage. Account minimums with HYCM may vary depending on your base currency and the type of account you open. You should have at least $100 to $200 ready before you open an account. Anyway, questrade review I can highly recommend this broker for trading, especially if you got used to trade with mt platforms. I’m glad that broker uses MetaTrader4 and MetaTrader5 platforms. In my opinion, nothing is better than time-tested universal platforms.

HYCM offers a broad range of payment methods and its processing times are fast. While no fees are charged for deposits, HYCM charges fees for withdrawals in certain circumstances. HYCM’s trading fees are higher than other brokers on two of its account types and lower than other brokers on its Raw Spread Account. HYCM’s parent company, Henyep Group, has been in operation for more than 40 years, starting originally as a gold dealer in Hong Kong in 1977.

Many award-giving bodies have recognized HYCM for being the Best Forex Broker and having the Best Trading Platform. Overall, new traders should find more than enough material to get them started trading here, though more experienced traders may be disappointed by the lack of more advanced topics. Overall, HYCM’s trading tools are limited compared to most other brokers, but it offers the services of Trading Central. Overall, HYCM’s mobile trading support is about average when compared to other brokers, with no additional support or apps apart from the trading platform’s own mobile applications. Support is offered for both MT4 and MT5 alongside a comprehensive market education suite that is beneficial for traders of all experience levels. However, HYCM’s analysis materials are limited, forcing traders to seek market news elsewhere.

Looking for commission and fees data for HYCM?

It’s a regulated broker started as a financial company more than 40 years ago. What’s more, it’s considered one of the first Forex brokers. Besides this, the broker doesn’t keep me waiting when it comes to withdrawing money. So, the quality of the trading process and withdrawals are the main things that characterize any broker as reliable or not. This broker meets the highest criteria, so I can say that hycm reviews didn’t tell me lies. I tried trading at HYCM, and I can say that I didn’t find any other brokers’ differences.

Though HYCM isn’t currently available in the United States, it can be a great choice for residents of the other 140 countries where it offers service. HYCM provides a free demo account that comes loaded with 50,000 of the base currency of your choosing. Demo accounts do not expire unless there is no activity on the account for more than three months, at which time they will be suspended. Demo accounts are a great way to practice trading in a risk-free environment, and HYCM allows traders to practice on both the MT4 and MT5 platforms.

How to open your account

That’s why I want to share my experience of trading in HYCM. I’ve been looking for a broker with which I won’t be afraid to get out of business in a month. And considering the broker’s long history and the fact that it has excellent regulation, I can not be afraid of it. With it, I could finally relax and stop worrying about my investment and its safety. I can just trade and make money without overthinking everything.

I wonder how fast the times flies and how fast the opinions are being changed. I realized that trading is all about opportunities and affords people to earn money staying at home without any need to attend hated job. Eventually don’t push yourself on real trading at HYCM, evaluate all pros and cons to make weighted decision. For players, the natural reaction when they lose is to fight the losing streak with more risk on the next trade.

This is indeed great and very recommended for beginning traders especially, since together with good education and research tools you have good chances for a good trading path. Nevertheless, professional and day trading traders would need a desktop platform which is a full version of MT4 or MT5 platform offering a maximum of its trading capabilities. The only gap could be a limited number of tools and drawing applications available via Web Version so for more comprehensive analysis you better choose desktop MT4. Also, what you should consider is inactivity fee, meaning HYCM will charge 10$ per month in case trading account has no activity for a certain time. Thelive chatat HYCM is usually fast and manned from 5 am GMT until 6 pm GMT on weekdays. Additionally, you can chat with customer support on Telegram, Skype, Viber, Whatsapp, and Facebook Messenger as well.

It also has a larger number of pending order types than MT4 and features an embedded chat system. The MQL5 scripting language is more efficient than its precursor, and MT5 has more advanced charting tools than MT4. Additionally, in order to protect your capital from currency fluctuation, you can have multiple trading accounts in different currencies at the same best day trading schools time. For example, you can have both a EUR and USD account for MetaTrader 4. This gives traders an opportunity to transfer funds from one account to another through a convenient internal transfer to another account. Deposits to trading accounts can be made in most national currencies, which are subsequently converted into USD, EUR, GBP, RUB, AED, and CAD.

Withdrawal Options

It is never too late to learn, even if you have years and years of trading experience behind your back. To give you an example, I used Fibonacci levels heavily in my trades, but then I began to use other indicators and forgot about it. One day I ran across fibonacci article at HYCM and immediately remembered how efficient fibonacci levels were in my analysis. The brightest feature of hycm is its regulations and rich experience of working on the market.

That’s why demo trading is perfect for understanding how financial markets work and what you can earn on them. It might be surprising, but I hated trading until particular moment of my life. Yeah, these days I am considered to be a real trader, who have solid “turnover” and have money to live my life, but in the past I was a real enemy of trading.

My best friend couldn’t get a job for a long time and was very nervous about it. I wanted to help him, just when I was opening a new store, I offered him the position of manager. I tried not to control him and didn’t interfere in his work too much. You’ll need some time to get to grips with it, but basicall raw means ‘very tight’. It’s a regulated broker that automatically excludes any fraud scenario.

Cant see your question? Ask to get answers from the HYCM staff and other customers

The MetaTrader 4 platform is used for the demo account. Clients have access to $50,000 in virtual money. Accounts stay active for 14 days, but clients can open as many demo accounts as they wish over an unlimited time period. It provides a quality web-product, unique services. The company keeps developing, following modern trends in trading in financial markets. Now there are not enough Russian-speaking reviews about the broker on the web, which is explained by the recent access to the Russian audience.

HYCM forex fees are low and in line with its main competitors. In this Customizable Chart Panel, users can easily access their open orders by right-clicking on any of their preferred charts. Moreover, they can also change the perspective, timeframes, and the various colors of a chart, organize the charts in various formats like a cascade, vertical or horizontal format. This feature also helps users to open multiple charts simultaneously. Logging in to the HYCM MT4 platform is very simple and fast.

Web & Desktop Trading Platforms

That’s the case when you can trust this company because it belongs to the category of proven companies with more than 40-year experience. I like to watch various webinars or informational videos about Forex. Trading is an area where you need to practice and learn constantly. If you want to make money on this, you will have to spend more than one hundred or even a thousand hours reading or watching economic news, events and learning new strategies/systems. Traders use leverage for trades lasting several minutes or more than a month. Therefore, the level of leverage used for Forex trading is highly dependent on the strategy that will be used.

By the way, I chose a classic account, and I traded on it for several weeks. When it comes to choosing a broker, the vast majority of traders give the top priority to its reliability. A trustworthy broker needs to have sufficient experience in the field. Serious investors usually stick with respected brokerage services operating on the market for a long time. I was reluctant to entrust my hard-earned money to a young brokerage service.

I have just started trading CFDs here but so far, so good. I chose the broker because of its reputation and distribution policy. I did it because this account offers very low spreads. I scalp a lot, so low spreads are very crucial for me. I respect this broker for its reliability and a rich experience in the industry. My personal experience with this company proved that I can continue working with this brokerage service.

So if that’s what you need – then don’t hesitate at all, it’s something incredible, and it will definitely allow you to develop and move forward. They offer a demo access, so you can train as much as you like. At the same time the broker is regulated, cityindex login so it’s safe to keep the money on account. Even if you get disappointed in trading at some point, you’ll simply withdraw all the funds back to the bank, no troubles with that. Is this really the key reason why people start to trade?

You just take a picture of two documents and send it to the app. The broker charges an overnight fee for an open trade. First of all I am attracted by the quality demo, with a full set of tools. And secondly, there are simply gorgeous webinars, which contain a lot of useful information. The customer service is really helpful, so if you have any problems you can go to them, they will help you. I chose HYCM as my broker because of its regulation and positive reputation on the market.