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TRADE FOREX WITH THE BEST EUROPEAN BROKER 2017-2018

TRADE FOREX WITH THE BEST EUROPEAN BROKER 2017-2018

HYCM has had an illustrious history in the financial markets and is one of the oldest companies in the industry with more than 35 years of experience to its name. Henyep Capital Markets (HYCM) was formerly known as HY Markets and had made a significant impact in the industry by offering numerous financial products ranging from Forex trading to investments. This HYCM review is designed to offer you better insight into the fine aspects of HYCM Forex trading operations including regulation, trading platforms, payment options, bonuses, and opening an account. The Henyep Group has its representative offices in several parts of the world. HYCM is primarily situated in the UK, but its branches are scattered across countries such as Cyprus, Hong Kong, Dubai, and Kuwait.

HYCM offers a branded trading platform known as the PrimeTrader that provides the entire 120 different assets through a robust and user-friendly trading platform for desktop users. The PrimeTrader was launched only recently, and the platform is still in its initial phase of testing and implementation. https://forexarticles.net/ Being a new platform, PrimeTrader is bound to have a few bugs and issues. Therefore, it is only recommended for traders who trade with a small percentage of their equity and lower leverage, as it is easy to face significant losses if the platform freezes during high-volatile events.

What is HYCM?

Thus, in case HYCM by virtue of certain circumstances is unable to provide further financial services, https://forexarticles.net/ customers may receive compensation. Hi, I am very pleased with HY Markets as a broker.

Therewith, Islamic trading accounts are available for traders who wish to trade the markets based on Islamic principles. In simple words, strict regulation means customer are protected while deposits are always segregated, stored separately from the company’s funds and not available for personal or business use by HYCM. In addition, company clients are participants of the FSCS compensation program.

HYCM is an FCA regulated forex broker well-appreciated by traders all over the world. HYCM is a division of the conglomerate Henyep Capital Markets, with the headquarters located in London, UK. HYCM provides access to a wide spectrum of trading markets that include stocks, currencies, and commodities. hycm review offers a simple account opening process, comprehensive product and educational resources, making it an excellent choice for all kinds of traders. If you are in search of one of the best forex brokers, this comprehensive HYCM Forex Trading – Review 2019 offers essential information that will help you make a choice. HYCM is the Forex brokerage division of Henyep Group, which began operations as a Gold and Silver exchange platform in Hong Kong during the late 70’s.

UK-based brokers are obliged to hold at least €730 000 in order to prove their financial stability. The same minimum capital requirement applies to Cypriot brokerages. When you’re ready to start trading it is quick and easy with a number of payment methods accepted including wire transfer, Visa and Mastercard and WebMoney. Making an HYCM deposit can only be done in USD and EUR and minimum requirements do apply, although there are no charges. All financial transactions are safe and secure as HYCM servers make use of 128-bit key encryption.

The company launched its second generation online trading platform HY Trader 4 in 2006 and its highly touted HY Markets Online platform in 2007. In 2016, Henyep consolidated its capital markets investment brands and launched its multi-platform online trading website HYCM.com. The question, is HYCM forex trading legit, find its answer in this section. A legit forex broker will always have its business regulated.A regulated business ensure that it abides to the rules pertaining a particular industry.HYCM is regulated by both CySec and FCA under license number 186171 and 259/14respectively.Further trader protection is provided by Investor Compensation Fund (ICF) and Financial Services Compensation Scheme (FSCF).

Deposits are also accepted in KWD, SAR and AED and will be converted to USD for trading. The MetaTrader5 has kept most of the features and functionalities of its predecessor, and also allows trading in exchange-traded stocks, which is considered one of its main advantages over the MT4. Besides, both oth MT4 and MT5 allow trading signals, but HYCM has partnered with Pro Daily which brings investors cutting-edge signals trading service. In fact, the spreads offered by HYCM are quite competitive.

• HYCM has made the withdrawal process as efficient as possible.
• Is HYCM forex trading is legit?
• Both novice and more experienced traders can benefit from the services of such a market leader.
• HYCM has withdrawal minimums depending on the method of withdrawal.

In addition to the articles and videos, HYCM offers online courses for beginners, plenty of information on different trading strategies and weekly market commentary. 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.

On top of that, they have a free demo account with varying benefits that depend on the amount of activity. There are plenty of ways to consolidate trading account, as well to withdraw funds from the account further on. HYCM’s clients can use regular bank cards Visa/MasterCard, Wire Bank Transfers and various electronic system WebMoney, UnionPay, Neteller, Skrill, etc. 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. Generally speaking, fixed spreads worth considering for those that prefer to rely on stability even during volatile news.

The broker used to provide an HYCM bonus for traders making a deposit into their live trading account, but it seems that the broker no longer offers any bonus due to the conflict of interest with clients. Bonuses also make it difficult to make a withdrawal, as traders are required to satisfy all the terms and conditions of the bonus before initiating a withdrawal, and more often than not, traders and their brokers always get into a conflict regarding the applicable rules and policies. Nevertheless, HYCM is following the footsteps of other FX brokers by offering a loyalty program that provides a cash rebate by accumulating certain lot conditions. Such a loyalty bonus program is free of any terms or conditions, which allows clients to withdraw their loyalty bonuses without any strings attached.

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It is regulated by internationally recognized financial regulators CySEC and FCA, and has representations in Hong Kong, United Kingdom, Dubai, and Cyprus. This solid background is what makes HYCM reliable so customers are assured that they are only getting the best trading solutions the forex trading industry can offer. If it’s a reputable and trustworthy broker you’re looking for you can’t go far wrong if you choose HYCM. They are fully licensed and regulated, which means that your financial and personal details are secure. Using MT4 as one of their trading platforms makes HYCM a sensible choice, whether you are a newcomer to the world of Forex trading or a more experienced trader.

Their online help is always responsive and is very easy to navigate through their site. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion. HYCM offers both fixed and variable.

In 2017 they were honoured with the award of the Best Forex Broker in Europe, Middle East, Dubai and UAE. They also received the award of the Best Mobile Trading Platform. These are awards that were awarded by different bodies. The two awards they received in 2015 were; Best retail platform and best broker in southern Europe. Both awards were handed to them by forex report.

All the basics and more complex subjects such as trading psychology, market analysis, capital management and trading strategies, can be studied via a range of online videos and eBooks. There is also a very helpful MetaTrader 4 guide for those who have never encountered this particular trading platform before. Like many other Forex brokers, HYCM has decided to stick with the popular MetaTrader 4, which is available in the usual versions.

Categories: Forex Trading

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