HYCM Review: Pros, Cons, And How It Compares | 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 world class broker that was founded in 1977. They have around 86 staff that help the company offer , to 10,000+ clients 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 most recent information about HYCM.
If you're a new entrant in the realm of trading online and brokerages, so many facts will no doubt be perplexing for you. Getting into the area of online trading demands expert analytical skills and thorough understanding. You'll acquire adept at all of the concepts of online trading and brokerages as you keep trading. For starters, you need to select the right online trading platform who will constantly be transparent with you.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professional, direct investment partner could assist you in minimising any potential losses and maximising any returns. HYCM is one such platform which will assist you. It is crucial to know all you can 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 significantly impact your success. Selecting the right broker is vital for your HYCM investments to prosper. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent 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 reliable companion 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 in-depth HYCM review. So, settle in, 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 Summary
| 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 entire HYCM review for beginners covers everything you will need to learn about trading via HYCM. A fantastic broker can take your initial investments and help to protect it from losses but also give you a platform that can help to provide you profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing objectives.
Of course, there is no sure-fire method to guarantee profits; thus, you must carefully analyze your broker before you choose them. It's a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
HYCM is a trading partner which has paved its way successfully into the brokerage world. In this review, we've attempted to collate some of the important aspects of HYCM. This guide will allow you to understand whether HYCM is a fantastic match for your investments or not. We have attempted to breakdown all the features and fees for your convenience.
Who are HYCM?
HYCM is a foreign exchange broker with its head office in UK and provides a range of tools for online trading. Since its start in 1977 they have emerged as a top-tier player in the industry of online trading. HYCM has an extremely competitive and full-featured trading site that is focused on forex, indices, metals, stocks , commodities.
Over the past 49 years, HYCM has become one of the top online brokers available to the public.
After establishing itself in 1977, their customer base has increased to 10,000+ clients.
HYCM is a favourite for many online traders . Our HYCM account review found that they are a reputable alternative for online trading options. They're most appropriate for investors that are looking for an assortment of assets. Social and easy to use trading solutions are the heart at HYCM.
Technology plays a substantial role at HYCM. They features 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 array of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The trader resource section at HYCM is very comprehensive for new dealers as it permits them to get a closer look at the financial markets. HYCM caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.
HYCM Review Videos
Benefits of online trading with HYCM in 2026
Trading with HYCM comes with many advantages. These advantages are what sets HYCM apart from all other online agents. You should check all the advantages listed so that you have a better understanding of HYCM.
The agent goes to great lengths to comprehend what traders want. Consequently, the service, fast, and convenient. The agent also provides 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 that are readily 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 adopted by HYCM is among the highest caliber, ensuring that it's fast, reliable, and effective.
HYCM admits the importance of having a quick order execution. A fast execution will allow users to exchange without worrying about slippage safely. It will also aid the traders to grab any opportunities.
Copy trading is another major aspect of HYCM. A new dealer can learn from business experts using the automated copy trading option. This allows you to see well performing brokers and instantly copy their trades and benefit from their expertise
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. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading
HYCM has over 100 trading tools to support all kinds of traders. These instruments are lively and suitable for both new and seasoned traders. All dealers can set aside all their concerns when trading with 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 using HYCM
HYCM is a lively platform that offers various methods of online trading. These instruments cover the financial markets considerably. Most of the broker platforms provide fewer approaches than HYCM
If you would like to trade with HYCM, you will need a minimum deposit of $100. This deposit is required if you would like to begin trading with HYCM. This 2026 HYCM review will direct you clearly about trading with them.
HYCM is as versatile as any other brokerage platform. HYCM is great for traders who want a manageable range of cheap services. The platforms provided by HYCM are third party, white-label offerings. All traders may select from MT4, Tablet & Mobile apps
Along with everything, HYCM has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction has to be kept available. The brokers offer premium customer service which rewards clients with benefits.
Many unprofessional brokers try to pressurise users into bigger funding for superior services. HYCM, though, is much more focused on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the more advantages will become available.
HYCM accounts are available all over the world and provides outstanding service wherever they have clients. There are only a select 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?
Launched in 1977, HYCM has been in operation 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 bodies have rules that mandate that trading platforms have ploicies in place to maintain investor's assets secured. This means that HYCM users do not need to worry about their money as it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information as well.
You are able to make use of a choice for 2 Factor Authentications (2FA) with HYCM for increased safety. An SMS with the verification code will be sent to a phone. You will be required to enter this code to log into your accounts.
Another concern with financial brokers with regards to safety might be manipulation of trading. This is highly disadvantageous to consumers on those platforms. However, this is much more widespread in the case of Market Maker brokers who compete with users on the platform.
HYCM Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With HYCM
Every online trading platform has a few pros and cons HYCM review would be complete without having a balanced approach. 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 business, has a powerful collection of rules for ensuring fair trading onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is never to be shared with some other institutions or individuals. Including credit history and other financial details.
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 trustworthy brokerage that has been trading for over 49 years. They offer a large range of options in their user accounts.
In the following table we take the main parts of any good broker 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 begin on HYCM is $100. This is an adequate amount for those just beginning. You can make more complex residue as you go along. But, make certain that you know how to make the most of your cash before investing in larger amounts.
Commission And Fees Explained
HYCM is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the number of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 types of penalties for this objective.
The first sort of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In such cases, you are paying a spread, funding rate, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those that are billed when you maintain a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are charged for services like depositing money, not trading for lengthy periods, or withdrawals.
In general, HYCM does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, for example weekly or daily trading.
But, non-trading fees charged by HYCM are relatively competitive. As a result, you're charged more for non-trading activities on your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This HYCM review breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees Of HYCM
HYCM Withdrawal Fees Explained
HYCM charges a withdrawal fee when you create a bank transfer. Each time you move money into your bank account, these withdrawal charges become important.
Withdrawal of money is possible at any moment from the HYCM account. It's possible to draw sums up to the sum of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't always need to have any money in your account.
In addition, the withdrawn money will be moved directly to the account you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn money will be sent into 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 the event you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are opting to draw in.
HYCM Inactivity Fees Explained
HYCM charges an inactivity fee when you don't make any trades for a while.
Even if no fees are indicated by HYCM, it is best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is exposed to a lot of conditions and needs to be revealed clearly by the agent beforehand.
HYCM Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of 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 cash onto the HYCM trading platform is easy. You simply have to finish a single-user profile survey to begin depositing money into your trading account. You'll need to provide an identity evidence 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 offers 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 currency pairs is of interest to you then HYCM offer over 40 forex 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 accurate at the time of writing 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
While collating our HYCM broker review we examined the options for customer service including response times, and on the HYCM trading platform problems resolution effectiveness. HYCM support many languages including English, Chinese, Chinese (Traditional), Arabic, and Russian
HYCM Live Chat Support
We have tested the live chat on HYCM, and it was very effective. We sent messages via HYCM livechat via their app and web site and recieved a response in less than 20 seconds. There was sometimes no response.
We tested communicating through HYCM support in a variety of languages across multiple countries. HYCM were able to resolve our customers' issues.
HYCM Phone Support
We made a call to HYCM and the call was answered very quickly. It was responded to in less than 5-10 minutes.
The HYCM phone support team were able to successfuly answer our questions and issues over the phone. We tested the multi-lingual HYCM team by making calls in various languages. HYCM made an effort to make sure all of our questions were answered.
The overall phone support provided by HYCM was okay.
HYCM Email Support
We have sent numerous messages to HYCM and the response times were all acceptable. The fastest email response from HYCM was 3 hours and the longest response time was 3 days! There were times when there were no responses. Response times to support may differ depending on what is needed from HYCM, but this was our experience sending out 10 emails at different times.
The team solved and responded to our questions. The overall average of email support provided by HYCM was satisfactory.
Alternatives To HYCM
If, after studying this HYCM review, they do not quite meet your needs check out these HYCM alternatives.
We've scoured the internet 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 certainly try HYCM before you buy. HYCM provides demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demonstration account with HYCM, you may set out with a decent amount of virtual money. It is to establish a sense of safety and confidence in you until you choose to invest your own money.
With a digital HYCMdemo account, you are able to experiment at all, to whatever period you desire. You can also open positions, test different trading approaches, and more.
HYCM specifies on its official website how you are able to trade real time stocks in a demo account.
Is HYCM safe?
It is possible to drop all of your worries because we believe that HYCM is totally safe to use. It's in compliance with 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 methods to fund your account with HYCM. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal isn't available in all country. The currencies 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 secure with HYCM. As you already know, HYCM operates with good conformation to regulations. It has established lots of measures to guard all of its investors.
HYCM protects its customers' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further safeguard your account, it is possible to enable Two-Step Verification also. It requires an SMS affirmation for you to get your accounts.
Is HYCM trading good?
Yes, trading via HYCM is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you can even obtain access to a huge collection of educational resources and assistive material to kickstart your trading experience.
If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries do HYCM support?
HYCM operates across the globe. However, due to regulations HYCM doesn'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 a great agent, and its users can vouch for it. The highlight of this platform is its fast order execution on transactions.
You'll discover the clean layout of the platform along with the commendable features that 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 industry leaders. It supports over 10,000+ registered customers and over 49 years of expertise on its record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its incredible platform and wide range of tools plus resources so you can invest in 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?
Using HYCM, several traders earn a lot of money. But, 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 to be a small number, but within the year, this adds to a substantial number of gains. While HYCM supply you all the tools to make money, they cannot guarantee you will profit.
Does HYCM have fees?
Yes. To start trading with HYCM, you need to deposit $100. Certain commissions while trading additionally apply. Any processing fees from your bank will need 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+ clients.
Where is the HYCM head office?
HYCM has its head office in UK
Does HYCM offer negative balance protection?
No. HYCM does not provide negative balance protection. If your balance is unfavorable, HYCM indicates that you promptly contact customer services. With this, you can fix any imbalances in your own account.
Does HYCM offer guaranteed stop loss?
HYCM, regrettably, doesn't offer guaranteed stop loss. HYCM provides a chance to its traders to close their trade at their specified price. Aside from this, HYCM doesn't offer guaranteed stop loss.
Does HYCM allow scalping?
No, the stipulations of HYCM do not condone scalping. It is a trading technique which is not allowed on the agent's platform. You must consult with HYCM's provisions and conditions to read 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 online payment and transfer services.
Since launch, Skrill has expanded to operate in over 120 countries and has a digital wallet available in more than 40 currencies. Customers can deposit money into their Skrill wallet through a variety of options for payment, including credit card, bank transfer, and several alternative payment options. The funds can later be used to pay merchants or other Skrill customers, or converted into cryptocurrency.
Skrill also provides cross-border payment through its remittance services Skrill Money Transfer. It allows customers to transfer money to a bank account in another country with their bank card. The service was acquired in 2015 by the Paysafe Group. Skrill became part of the Paysafe Group along with former competitors Neteller and the prepaid payment company paysafecard.
Skrill has a variety of licences that permit it to provide its services across Europe as well as globally. Skrill is run through Paysafe Payment Solutions Limited, an entity that is incorporated in Ireland and is regulated by the Central Bank of Ireland, for its European regulated operations. Skrill's operations outside 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, an American financial services company, offers online money transfer and digital payment services. It also provides working capital to customers.
Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company specializes in facilitating cross-border B2B payments. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services.
Payoneer is used by companies like Airbnb, Google, Amazon and Upwork to send large-scale payouts all over the globe. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
Payoneer's customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 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 money. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of the features before getting a live account.
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