HYCM Review: Pros, Cons, And How It Stacks Up | Updated for 2026
This HYCM review has been updated for 2026 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about HYCM to give you the most comprehensive guide available.
HYCM is a reputable broker that was founded in 1977. They have around 86 staff that help the company provide , to 10,000+ customers through MT4, Tablet & Mobile apps.
HYCM Guide – Read our In-Depth HYCM Review
HYCM Rating: 6.30 / 10
This HYCM review page contains information about investing with HYCM. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of HYCM does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This HYCM review contains the latest details surrounding HYCM.
If you're new to the world of online trading and brokers, so many details will no doubt be perplexing for you. Getting into the world of trading online requires expert analytical skills and comprehensive understanding. You'll acquire proficient at all the concepts of online trading and brokerages while you keep trading. For starters, you have to choose the right agent who will consistently be clear with you.
In this fast-paced universe of stock markets and trading, you will need guidance to make sensible decisions. A professionally lead investment online trading platform could help you in minimising any potential losses and maximising any profits. HYCM is just one such platform which can help you. It's crucial that you know about any broker until you trust them with your cash.
When engaging in online trading with platforms such as HYCM, it's crucial to thoroughly evaluate HYCM as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your HYCM investments to prosper. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and comprehensive in your HYCM broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of HYCM, its track record, and reputation is vital. Moreover, ensure the HYCM broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, HYCM should be a supportive ally on your trading journey.
Our team has devoted their efforts to simplify the intricate world of trading with HYCM into easily understandable information in this HYCM review. Our goal is to equip you with the knowledge necessary to confidently use HYCM trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with HYCM are the cornerstone of successful trading. As such, we've provided this detailed HYCM review. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about HYCM and how it can benefit you, or if HYCM might not be the right fit for you.
HYCM Review for 2026 – Brief Overview
| HYCM Telephone: | +44 20 8816 7812 |
| HYCM Support Email: | support@hycm.com |
| HYCM Address: | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN |
| Year Founded: | 1977 |
| Regulated By: | Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 |
| Hedquarters: | UK |
| Minimum Deposit: | $100 |
| Number Of Clients: | 10,000+ HYCM users and traders |
| HYCM LinkedIn: | https://www.linkedin.com/company/hycm/ |
| HYCM Facebook: | https://www.facebook.com/hycm.official |
| HYCM Facebook Likes: | 153,997 |
| HYCM Twitter: | @HYCM |
| HYCM Twitter Followers: | 25,000 |
| HYCM Instagram: | https://www.instagram.com/hycm.eu/ |
| HYCM Instagram Followers: | 2,587 |
| HYCM Youtube: | https://www.youtube.com/channel/UC2lwvQLAJ3iN4LE_39X1u_Q |
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Losses can exceed deposits |
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Our full HYCM review for beginners covers everything you need to learn about trading via HYCM. A fantastic broker can take your first investments and help to protect it from losses but also give you a platform that can help to provide you favourable profits. If you want to make profits, you should trade with a broker service that contrasts with your investment objectives.
Of course, there is no sure-fire way to guarantee profits; thus, you should carefully analyze your agent before you choose them. It's a common misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
HYCM is a trading partner that has paved its way successfully into the brokerage world. In this review, we have attempted to collate some of the vital aspects of HYCM. This guide can allow you to understand whether HYCM is a fantastic fit for your own investments or not. We've tried to breakdown all of the qualities and fees for your advantage.
Who are HYCM?
HYCM is a online trading broker with its headquarters in UK and provides a variety of instruments for online trading. Since its establishment in 1977 they have emerged as a leading player in the field of online trading. HYCM includes a highly aggressive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.
Over the past 49 years, HYCM has become one of the top online brokers available to the public.
After launching in 1977, their customer base has increased to 10,000+ clients.
HYCM is the favourite for many online traders . Our HYCM account review found that they're a reputable choice for online trading solutions. They are best suited for investors who are searching for a variety of assets. Social and easy to use trading solutions are the heart at HYCM.
Technology plays a substantial role at HYCM. They offers trading on MT4, Tablet & Mobile apps. HYCM is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The educational section at HYCM is very enlightening for new dealers since it permits them to have a closer look in the financial markets. HYCM caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.
HYCM Review Videos
Benefits of online trading with HYCM in 2026
Trading with HYCM includes numerous advantages. These advantages are what sets HYCM apart from all other online agents. You should check all of the benefits listed so you have a better comprehension of HYCM.
The agent goes to great lengths to understand what dealers need. As a result, the support, fast, and convenient. The agent also gives a number of programs for all types of traders. HYCM helps to ensure that the individual needs of all traders are met to the best of their ability.
HYCM also includes excellent trading conditions which are available to all and not only an elite class of institutional customers. The tight spreads and fast executions are a great benefit for all traders. The technology embraced by HYCM is among the highest caliber, ensuring that it is fast, dependable, and effective.
HYCM admits the significance of having a fast order execution. A quick execution will allow users to exchange without fretting about slippage safely. It will also aid the traders to catch any opportunities.
Copy trading is another important aspect of HYCM. A new dealer can learn from business experts using the automatic copy trading option. This allows you to monitor well performing brokers and instantly mirror their trades and benefit from their experience
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, HYCM offers social trading which encompasses leading traders sharing their knowledge with the community. HYCM's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading.
HYCM has over 100 trading tools to support all kinds of traders. These tools are dynamic and suitable for both new and seasoned traders. All dealers can set aside all their concerns when trading using HYCM.
HYCM Overview
Year Founded: 1977
Regulated By: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
Hedquarters: UK
Minimum Deposit: $100
Number Of Clients: 10,000+
Losses can exceed deposits
If you feel that HYCM is not right for you then at the bottom of this HYCM review you will find a lot of alternatives to HYCM.
What you ought to know about trading with HYCM
HYCM is a dynamic platform that provides various methods of trading. These tools cover the monetary markets considerably. Most of the broker platforms offer fewer approaches than HYCM
If you wish to exchange with HYCM, you'll need a minimum deposit of $100. This deposit is compulsory if you want to start trading with HYCM. This 2026 HYCM review will direct you easily about trading with them.
HYCM is as flexible as another brokerage platform. HYCM is great for traders who want a manageable assortment of low-cost services. The programs supplied by HYCM are third party, white-label offerings. All traders may choose out of MT4, Tablet & Mobile apps
Together with everything, HYCM has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade has to be kept open. The brokers provide premium customer service that rewards customers with advantages.
Many less reputable brokers attempt to pressurise customers into bigger financing for superior services. HYCM, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater advantages will become available.
HYCM accounts are available globally and provides outstanding service everywhere they have clients. There are a few countries where HYCM accounts are not available. Traders in the following countries cannot open or use a HYCM account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is HYCM Safe To Trade With In 2026?
Established in 1977, HYCM has been open for 49 years, they are headquarted in UK
HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. These figures have rules that make sure that trading platforms have steps in place to keep investor's resources procured. This usually means that HYCM users do not need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's private information as well.
You can make use of a choice for Two Factor Authentications (2FA) with HYCM for increased safety. An SMS for the confirmation code will be sent to your phone. You will be required to input this code to log into your accounts.
Another concern with online brokers with regards to safety may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is more prevalent in the case of Market Maker agents who compete with customers on the stage.
HYCM Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With HYCM
Every online trading platform has some pros and cons HYCM review would be complete without showing both sides. This HYCM review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
HYCM Pro's
HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
HYCM has been trading for 49 years.
HYCM offers customer support over the phone.
HYCM provides customer support over email.
HYCM gives access to customer support over livechat.
You can trade Cryptocurrencies with HYCM.
HYCM offers social trading.
HYCM offers copy trading.
HYCM allows commodity trading.
You can trade metals with HYCM.
You can trade energies with HYCM.
HYCM Con's
HYCM is not highly rated by us. HYCM hasn't won any awards. HYCM doesn't offer guaranteed stop loss. HYCM doesn't offer negative balance protection. HYCM charges withdrawal fees. HYCM charges inactivity fees. HYCM doesn't allow scalping. HYCM doesn't allow hedging.Compare Brokers Similar To HYCM
Regulation And Licencing In More Detail
HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
HYCM, as a company, has a strong collection of rules for ensuring fair trading onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
HYCM Awards
At the time of writing this HYCM review, and despite HYCM’s impressive offering, the company has surprisingly not garnered any awards to date.HYCM Trading Platforms
HYCM are a professional brokerage that has been trading for over 49 years. They offer a large range of options in their customer accounts.
Below we take the main parts of any great online trading platform and compare HYCM against Startrader, and freetrade.
HYCM MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with HYCM in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. HYCM MetaTrader 4 is compatible with the latest macOS. HYCM allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and HYCM
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With HYCM MetaTrader 4 On iOS Devices
You can download the HYCM app or also trade with HYCM through the MetaTrader 4 application on the Apple app store.
Download the HYCM MetaTrader 4 Program free of charge from Apple's App Store. HYCM customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With HYCM MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. HYCM provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android HYCM MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit you need to get started on HYCM is $100. This is a decent amount for those just beginning. It's possible to create more advanced deposits as you cooperate. But, make certain you know how to make the most of your cash before investing larger amounts.
Commission And Fees Explained
HYCM is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily affected by the number of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In these instances, you're spending a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those who are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for operations like depositing money, not investing for long periods, or withdrawals.
Generally, HYCM doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by HYCM are relatively competitive. Consequently, you are billed more for non-trading actions on your trading account, like deposits and withdrawal. These are not about the sale and purchase of assets.
This HYCM review breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees Of HYCM
HYCM Withdrawal Fees Explained
HYCM charges a withdrawal fee if you create a bank transfer. Every time you move money back into your bank account, these withdrawal fees become important.
Withdrawal of cash is possible at any time from the HYCM account. You can draw sums up to the amount of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't necessarily have to have any cash in your accounts.
In addition, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn money is going to be sent to the cardHYCM will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you are opting to draw in.
HYCM Inactivity Fees Explained
HYCM charges an inactivity fee if you don't make any trades for a while.
Even if no charges have been indicated by HYCM, it is best that you close the account if you're inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've chosen. The inactivity fee is exposed to a lot of conditions and should be revealed clearly by the agent beforehand.
HYCM Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this operation.
HYCM doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money into the HYCM trading platform is simple. You simply need to complete a single-user profile questionnaire to begin depositing money into your trading account. You will have to provide an identity proof and evidence of residency to deposit large sums.
Compare HYCM Vs Other Broker Deposit Methods
What Can You Trade With HYCM in 2026?
Note: HYCM provides many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will differ depending on the country of residence of the client.
HYCM has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then HYCM offer over 40 currency pairs.
Compare HYCM, Startrader & freetrade below.
HYCM Trading App Review
Note: HYCM's mobile app has many functions and is being constantly improved. What follows was correct at the time of compiling this HYCM broker review.
Understand the capabilities of the mobile apps of HYCM, Startrader & freetrade below.
Trading Education Available At HYCM
Understand the trading resources available with HYCM, Startrader & freetrade below.
HYCM Customer Support
As part of our HYCM broker review we tested the options for customer service including response times, and on the HYCM trading platform problem solution effectiveness. HYCM support various languages including English, Chinese, Chinese (Traditional), Arabic, and Russian
HYCM Live Chat Support
We have tested the livechat experience with HYCM and it works well. We have sent messages via HYCM livechat through their app and website and recieved a response within 20 seconds. Sometimes , there was no response.
We have tested communication via HYCM support in multiple languages across multiple countries. HYCM were capable of resolving our client's problems.
HYCM Phone Support
We called HYCM and the call was responded to very quickly. The call was answered within less than five to ten minutes.
The HYCM phone support team was able to effectively address our questions and issues on the phone. We tested the multi-lingual HYCM team by calling them in various languages. HYCM made efforts to ensure all of our questions were answered.
The overall support via phone from HYCM was okay.
HYCM Email Support
We have sent numerous email to HYCM and the response times were all excellent. The fastest email response time from HYCM was 4 hours, while the slowest response was 12 days! Sometimes , there were no responses. Response times to support may differ for you with HYCM, however, we've had the experience of sending out 10 emails at different times.
The team was able to resolve and answer our queries. Overall average email support from HYCM was outstanding.
Alternatives To HYCM
If, after reading this HYCM review, they do not meet your requirements check out these HYCM alternatives.
We've scoured the web to find the best alternatives to HYCM. Click the hyperlinks below to learn more.
Frequently Asked Questions
Can I try HYCM before I buy?
Yes, you can most definitely try HYCM before you buy. HYCM offers demo accounts for the ease of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demo account with HYCM, you will set out using a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you before you decide to invest your own money.
With a digital HYCMdemo account, you are able to experiment in any way, to whatever period you desire. You can also start positions, test different trading approaches, and much more.
HYCM shows on its official site that you are able to exchange real time stocks in a demo account.
Is HYCM safe?
You can drop all your worries since we believe that HYCM is perfectly safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
Even so, HYCM does not give assured stop-loss protection.
Why does HYCM ask for my passport?
The reason that HYCM asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, HYCM has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, HYCM must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with HYCM?
The process to start trading with HYCM is super simple. You need to begin by signing up on the HYCM website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but HYCM are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with HYCM is $100. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with HYCM.
The best way to kickstart your trading career with HYCM is to open a demo account facility before risking any real money
What funding methods do HYCM accept?
There are multiple ways to finance your accounts with HYCM. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in every place. The monies HYCM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, though it takes about 4-7 days.
Is my money safe with HYCM?
Yes, your money is safe and protected with HYCM. As you already know, HYCM operates with proper conformation to regulations. It has established lots of steps to guard all of its investors.
HYCM protects its customers' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, it is possible to empower Two-Step Verification also. It requires an SMS confirmation that you access your accounts.
Is HYCM trading good?
Yes, trading through HYCM is a nice and decent experience indeed. It's a great and intuitive platform with helpful features for your simplicity. In addition, you can even gain access to a vast collection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, it is possible to open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries do HYCM support?
HYCM operates around the world. However, due to regulations HYCM can't accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is HYCM legit?
HYCM is a legit company headquarted in UK since 1977. They are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. HYCM is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is HYCM a good broker?
HYCM is an excellent broker, and its own users may vouch for this. The highlight of this platform is its fast order execution on transactions.
You will discover the clean layout of this platform along with the commendable features are pleasant to work with.
Is HYCM a trustworthy broker?
Yes, HYCM is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for HYCM?
The minimum deposit to open a live account with HYCM is $100
How long do HYCM withdrawals take?
Normally, withdrawal of money from HYCM is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from HYCM to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is HYCM regulated?
HYCM are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
Is HYCM a market leading broker?
HYCM is indisputably among the business leaders. It supports over 10,000+ registered customers and over 49 years of experience on its own record. They are among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide range of tools plus resources so that you may put money into capital markets.
Is HYCM a con?
No, HYCM is not a con. They are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 and must adhere to their rules. Thus, it is safe to say that HYCM is not a scam.
Can you make money with HYCM?
Through HYCM, many traders earn a lot of money. However, just like all online trading platforms, it is important to note that traders can also lose money. In particular, Losses can exceed deposits
This may seem like a little number, but over the entire year, this adds to a substantial number of gains. While HYCM supply you all of the tools to make money, they cannot guarantee that you will gain.
Does HYCM have fees?
Yes. To begin trading with HYCM, you have to deposit $100. Particular commissions while trading also applies. Any processing fees from your bank might have to be incurred by you.
When was HYCM founded?
HYCM was founded in 1977 in UK. HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
How many people use HYCM?
HYCM is a worldwide recognised agent with 10,000+ customers.
Where is the HYCM head office?
HYCM has its head office in UK
Does HYCM offer negative balance protection?
No. HYCM does not offer negative balance protection. If your balance is unfavorable, HYCM indicates that you promptly contact client services. For this, you are able to correct any imbalances in your account.
Does HYCM offer guaranteed stop loss?
HYCM, regrettably, does not offer guaranteed stop loss. HYCM provides a chance for its dealers to close their trade in their specified price. Aside from this, HYCM does not provide guaranteed stop loss.
Does HYCM allow scalping?
No, the terms and conditions of HYCM do not condone scalping. It's a trading technique that isn't allowed on the agent's platform. You must refer to HYCM's terms and conditions to see more about its policies.
Does HYCM allow hedging?
No, unfortunately HYCM does not allow hedging.
Can you trade energies with HYCM?
Yes, you can trade energy stocks with HYCM
Can you trade agricultural shares with HYCM?
Yes, you can trade agricultural stocks with HYCM
Can you trade cryptocurrency with HYCM?
Yes, you can trade cryptocurrency with HYCM
Can you trade metals with HYCM?
Yes, you can trade metals with HYCM
Can you trade UK Shares with HYCM?
No, unfortunately you cannot trade UK shares with HYCM
Can you trade US Shares with HYCM?
Yes, you can trade US shares with HYCM
Can you trade Japanese Shares with HYCM?
No, unfortunately you cannot trade Japanese shares with HYCM
Can you trade German Shares with HYCM?
No, unfortunately you cannot trade German shares with HYCM
Does HYCM accept bank transfers?
Yes, HYCM accepts bank transfers for depositing money.
Does HYCM accept credit cards?
Yes, HYCM accepts credit cards for depositing money.
Does HYCM accept PayPal?
Yes, HYCM accepts PayPal for depositing money.
Does HYCM accept Skrill?
Yes, HYCM accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001. It provides a variety of payment options online and money transfer services.
Since launch, Skrill has expanded to operate in over 120 countries with the digital wallet available in 40 different currencies. Customers can upload money to their Skrill wallet through a variety of payment options including by bank transfer, card as well as a variety of alternative payment options. The funds can then be used to pay for merchants or other Skrill users, or transferred into cryptocurrency.
Skrill also offers cross-border payments through its remittance service Skrill Money Transfer. Customers can transfer funds to a bank account overseas by using their credit card. In 2015, Skrill has been acquired by Paysafe Group along with former competitors Neteller and prepaid payment provider paysafecard.
Skrill has a variety of licenses enabling it to offer its services throughout Europe and globally. Skrill is operated via Paysafe Payment Solutions Limited, a company incorporated in Ireland and regulated by Central Bank of Ireland, for its European authorized activities. Skrill's operations outside of Europe are managed by European Economic Area are operated by Skrill Limited - a company which is incorporated within the United Kingdom and regulated by the Financial Conduct Authority.
Does HYCM accept Payoneer?
Yes, HYCM accepts Payoneer for depositing money.
Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Payoneer is used by companies like Airbnb, Google, Amazon and Upwork to send large-scale payouts all over the globe. It's also used by eCommerce platforms like Rakuten, Walmart, Wish.com, and freelance marketplaces like Fiverr, Envato, and works in conjunction with ad networks to link these companies with publishers based out of their headquartered countries.
In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.
Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
Does HYCM accept Neteller?
Yes, HYCM accepts Neteller for depositing money.
Does HYCM offer Live Chat customer support?
Yes, HYCM offers customer support through live chat.
Does HYCM offer phone customer support?
Yes, HYCM offers customer support over the telephone.
Does HYCM offer email customer support?
Yes, HYCM offers customer support through email.
What languages can HYCM communicate in?
HYCM has the ability to communicate and support customers who speak: English, Chinese, Chinese (Traditional), Arabic, and Russian
Does HYCM have a wikipedia page?
No, HYCM does not have an official wikipedia page.
Does HYCM offer demo accounts?
Yes, HYCM offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. New traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the features before risking a live account.
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