Read our HYCM Review and Learn More About a Broker With a Long History in the Industry

Info AboutHYCM

Bonus: $5000

Regulation: FCA, FSCS

Instruments: Forex, Oil/Gas, Metals, Stocks, Commodities and more

Experience: 35+ years

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Online trading is a form of investment which has only recently become an option for the ordinary man or woman on the street. This means a number of CFD brokers have a fairly short history. Not so with HYCM, as it enjoys more than three decades of experience. This may be just what some of you reading this are looking for as it promises a reliable and trustworthy trading experience. But longevity isn’t everything as far as this particular CFD broker is concerned. There is so much on offer it’s almost certain there will be something to spark your interest.

Introducing HYCM – A veteran of the financial services industry

HYCM is one part of a larger organization. It was previously known as HY Markets and is a member of the Henyep Group, which has enjoyed more than thirty successful years providing financial services. Choose this broker as your partner and you’ll sleep soundly at night knowing you’ve put your trust in a reliable and long-standing provider. The base of operations is London, however, there are offices dotted around the globe including Cyprus, Kuwait, the United Arab Emirates, and Hong Kong. This market leader has a list of licenses as long as your arm. Including those issued by the FCA in the UK, the DFSA in Dubai, and the SFC in Hong Kong, making it a truly regulated CFD broker. With HYCM you can choose to trade stocks and commodities, and an impressive list of currency pairs, as well as CFDs.

HYCM has little need to offer enticing bonuses – Its reputation alone speaks volumes

HYCM is able to rely purely on its reputation to bring in new business, with little need for fantastic giveaways in the form of an HYCM bonus. It does, however, reward loyal clients with an HYCM Loyalty Program. Exclusive rebates of up to $3 for every lot traded can be deposited direct into your HYCM trading account on a monthly basis. And the more you trade the more opportunity for earning a little extra. It works on a three tier basis: Silver, Gold, and Platinum. Each with its own requirements relating to lots traded. The latest details are available on the HYCM website. There is also a Refer a Friend program in which you get the chance to earn up to $250. Your account will be credited with the bonus amount when the referral becomes an active trader by opening an account,making a deposit and then trading.

Three HYCM real trading accounts to choose from

We were unable to find any reference to the existence of an HYCM demo account option, which was a little disappointing, but the minimum requirement for a live trading account is only $100. Which doesn’t mean you have to put too much of your own cash at risk in order to start trading. There are three accounts to choose from.

  • $100 minimum deposit
  • Minimum order size 0.01 lots
  • Leverage up to 400:1
  • 50 tradeable products
  • 2.0 pips minimum fixed spread
  • HYCM mobile trading supported
  • The option of opening an Islamic account

accounts-hycm-cfd

HYCM micro account

HYCM standard account

  • $1,000 minimum deposit
  • Minimum order size 0.01 lots
  • Leverage up to 400:1
  • 120 tradeable products
  • 1.8 pips minimum fixed spread
  • Trading signals available
  • HYCM mobile trading supported
  • The option of opening an Islamic account

HYCM VIP account

  • $10,000 minimum deposit
  • Minimum order size 0.01 lots
  • Leverage up to 400:1
  • 120 tradeable products
  • 1.5 pips minimum fixed spread
  • Trading signals available
  • HYCM mobile trading supported
  • The option of opening an Islamic account

There are a number of different ways to make a deposit or withdrawal. These include Mastercard and Visa, wire transfer, and WebMoney, as well as a number of more local payment methods. The only base currencies accepted are USD and EURO. There are a range of minimum requirements, but no payment fees. One requirement we should mention is that certain documents have to be submitted for verification within 7 days of opening your trading account. Failure to do so will result in your trading account being suspended. The utmost level of security is provided for your peace of mind. Such as 128-bit keys which are used to secure servers and ensure all banking operations are protected. 128-bit-SSL certificates issued by VeriSign are used to encrypt personal and account information.

HYCM uses its own in-house platform as well as MT4

HYCM is able to cater to those traders who prefer to use MetaTrader 4 and let’s face it there are a lot of them. But for those willing to try something different it offers a proprietary HYCM platform, known as ‘Prime Trader’. This flagship platform allows trading in multiple markets and products including Forex, oil, gas, metals, commodities, stocks, and indices. Guaranteed stop/loss is available and there are a good range of charts, integrated pricing, news, and analysis. There is also an HYCM mobile platform, for those who enjoy trading on the move, which is compatible with all mobile and tablet devices.

HYCM provide a comprehensive education suite and excellent customer support

Choosing a professional CFD broker such as HYCM will mean you have access to a comprehensive suite of educational material. It’s pretty obvious HYCM takes the educating of its clients to a whole new level. There are a range of online videos and eBooks available covering all manner of trading related subjects. From the very basics right up to more complex issues such as capital management, trading psychology, trading strategies, and market analysis. There is something for everyone regardless of your previous experience. HYCM customer service in London is operational from Monday to Friday 05.00 GMT to 18.00 GMT, which some of you may find a little restrictive but there is a 24-hour option via live chat. There is also a selection of emails if you can afford to wait for an answer.