HYCM Review: | 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 leading 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 information about HYCM.
If you're new to the world of trading online and brokers, so many facts will no doubt be perplexing for you. Getting into the world of online trading requires expert analytical skills and comprehensive understanding. You'll get adept at all the concepts of online trading and brokers as you continue trading. For starters, you need to choose the right agent who'll constantly be clear with you.
Within the fast-paced universe of financial markets and online trading, you will need advice to make sensible decisions. A professional, direct investment program could aid you in minimising any potential losses and maximising any profits. HYCM is just one such broker which can help you. It's important to understand all you can about any broker until you trust them with your money.
When engaging in online trading with platforms such as HYCM, it's crucial to meticulously examine HYCM as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your HYCM investments to thrive. 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 trustworthiness of HYCM, its track record, and reputation is vital. Moreover, ensure the HYCM broker's offerings, trading tools, fees, and regulation align with your objectives.
Remember, HYCM should be a trusted partner 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, settle in, grab a cup of coffee, and immerse yourself in learning about HYCM and how it can work to your advantage, 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 full HYCM review for beginners covers everything you will need to know about trading with HYCM. A fantastic agent can take your first investments and help to protect it from losses but also give you a platform that can help to give you profits. If you want to make profits, you must trade with a broker service that contrasts with your investing objectives.
Of course, there's absolutely no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
HYCM is a trading partner that has forged its way successfully into the broker world. In this review, we've tried to collate a number of the vital facets of HYCM. This guide will help you to learn whether HYCM is a great fit for your investments or not. We've tried to breakdown all the features and fees for your convenience.
Who are HYCM?
HYCM is a online trading broker headquartered in UK and provides a variety of tools for trading. Since its inception in 1977 they have emerged as a top-tier player in the field of online trading. HYCM includes an extremely professional and full-featured trading website that's focused on forex, indices, metals, stocks , commodities.
Over the past 49 years, HYCM has become one of the best online brokers available to the public.
After being founded in 1977, their customer base has increased to 10,000+ clients.
HYCM is a favourite for many online traders . Our HYCM account review discovered that they are a superb choice for online trading solutions. They're best suited for investors that are searching for an assortment of assets. Social and easy to use trading options are the heart at HYCM.
Technology plays a significant 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 variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house research.
The trader resource section at HYCM is very enlightening for new dealers since it allows them to have a closer look in the financial markets. HYCM caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
HYCM Review Videos
Benefits of online trading with HYCM in 2026
Trading with HYCM comes with numerous advantages. These advantages are what sets HYCM ahead of the rest of the online agents. You should check all the benefits listed so that you have a better comprehension of HYCM.
The agent goes to great lengths to understand what dealers need. Consequently, the support, quick, and convenient. The broker also gives a variety of programs for all types of traders. HYCM helps to ensure that the individual needs of all online traders are met to the best of their capabilities.
HYCM also features excellent trading conditions which are available to all and not just an elite class of institutional clients. The tight spreads and fast executions are a fantastic benefit for all traders. The technology embraced by HYCM is among the maximum caliber, making sure that it is fast, reliable, and efficient.
HYCM acknowledges the significance of having a quick order execution. A quick implementation enables users to exchange without fretting about slippage safely. It is going to also aid the traders to catch any opportunities.
Copy trading is another important facet of HYCM. A new trader can learn from business experts using the automatic copy trading option. This means you can see the best performing brokers and instantly copy 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. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is independent copy trading.
HYCM has over 100 trading instruments to support all kinds of traders. These tools are dynamic and convenient for both new and experienced traders. All traders can set aside all their worries 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 techniques of trading online. These instruments cover the financial markets substantially. Most of the brokerage platforms offer less procedures than HYCM
If you want to exchange with HYCM, you'll need a minimum deposit of $100. This deposit is compulsory if you would like to begin trading using HYCM. This 2026 HYCM review will guide you safely about trading with them.
HYCM is as versatile as any other broker platform. HYCM is great for traders who want a manageable range of cheap services. The platforms offered by HYCM are third party, white-label offerings. All traders can choose 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 provide premium client service that rewards customers with advantages.
Many unethical brokers attempt to pressurise users into bigger financing for superior services. HYCM, however, is much more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater benefits will come along.
HYCM accounts are available globally and provides excellent service wherever they have customers. 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 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 bodies have rules that make sure that trading platforms have steps in place to keep investor's resources secured. This usually means that HYCM users do not need to be worried about their money as it is segregated and safely kept 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 Two Factor Authentications (2FA) with HYCM for heightened security. An SMS with the confirmation code will be sent to a mobile phone. You'll be asked to input this code to log in to your account.
Another concern with online trading brokers is in regards to security might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is more prevalent in the example of Market Maker agents 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 will have 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 set of rules for ensuring honest trading onto its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer information is never to 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 trustworthy brokerage that has been trading for over 49 years. They offer a wide range of options in their customer accounts.
Below we take the main parts of any good online brokerage 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 that you need to get started on HYCM is $100. This is an adequate amount for those just beginning. It's possible to create more complex residue as you go along. But, ensure you understand how to make the most of your cash before investing larger sums.
Commission And Fees Explained
HYCM is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of clients 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 kind of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In these cases, you're paying a spread, funding speed, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are those who are billed when you maintain a leveraged position for longer than a day.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake on your account. They're billed for services like depositing money, not trading for lengthy 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 broker fee, or they charge a lesser sum. This can be beneficial for those who often trade, such as daily or weekly trading.
But, non-trading fees billed by HYCM are relatively lower. Consequently, you're charged more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This HYCM review breaks down every one 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 make a bank transfer. Each time you transfer money into your bank accounts, these withdrawal fees become important.
Withdrawal of money is possible at any time from your HYCM account. You can withdraw up sums to the amount of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't always need to have any money on your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money is going to be sent to the cardHYCM will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're choosing to draw in.
HYCM Inactivity Fees Explained
HYCM charges an inactivity fee when you don't create any trades for a while.
Even if no fees have been indicated by HYCM, it's best for you to close the account if you're inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is subjected to many circumstances and needs to be disclosed clearly by the agent beforehand.
HYCM Deposit Fees Explained
When you transfer money into your trading account from the bank account, a deposit fee can be billed by the broker. Most brokers 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 onto the HYCM trading platform is easy. You just need to finish a single-user profile questionnaire to start depositing money into your trading account. You'll need to provide an identity evidence and evidence of residency to deposit substantial amounts.
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 many countries. Trading instruments offered can differ based 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 a lot of functions and is being developed all the time. The table below 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
As part of our HYCM broker review we examined the options for customer service as well as response times. on the HYCM trading platform problem solving effectiveness. HYCM supports 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 have sent messages via HYCM livechat via their app and web site and recieved a response after 10 seconds. There was sometimes no response.
We have tested communication with HYCM support in multiple languages across multiple countries. HYCM were able to resolve our client's concerns.
HYCM Phone Support
We made a call to HYCM and the call was answered extremely promptly. It was responded to within less than five to ten minutes.
The HYCM phone support team were able to effectively address our questions and concerns over 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 emails to HYCM and answer times overall were very good. The fastest email response time from HYCM was 2 hours while the most slow response was 8 days! Sometimes there were no responses. Support response times may vary for you at HYCM, however we have had this experience sending out 10 emails at various times.
The team was able to resolve and answer our questions. Average email support from HYCM was very good.
Alternatives To HYCM
If, after studying this HYCM review, they don't meet your needs check out these HYCM alternatives.
We have scoured the web to find the best alternatives to HYCM. Click on the hyperlinks below to find out 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 ease of beginner traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demonstration account with HYCM, you may set out with a decent amount of virtual money. It is to establish a feeling of security and confidence in you before you choose to spend your own money.
With a virtual HYCMdemo account, you are able to experiment at all, to whatever period you wish. You might even start positions, examine different trading approaches, and more.
HYCM shows on its official website how you are able to trade real time stocks in a demo account.
Is HYCM safe?
You can drop all your worries because we believe that HYCM is completely 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.
Nevertheless, HYCM doesn't have 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 finance your account 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 keep in mind that PayPal isn't available in all place. 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 a possibility also, even though it takes about 4-7 days.
Is my money safe with HYCM?
Yes, your cash is safe and protected with HYCM. As you know, HYCM works with proper conformation to regulations. It has established lots of measures to guard all its investors.
HYCM protects its customers' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your account, it is possible to enable Two-Step Verification as well. It requires an SMS confirmation that you access your account.
Is HYCM trading good?
Yes, trading through HYCM is a nice and good experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you could even obtain access to a vast selection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries do HYCM support?
HYCM operates across the globe. However, due to regulations HYCM does not 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 agent, and its users can vouch for this. The highlight of the platform is its quick order execution on trades.
You will discover the clean layout of this platform and 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 one of the industry leaders. It supports over 10,000+ registered customers and over 49 years of expertise on its record. They are one of the world's leading trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and broad range of resources plus tools so that you may 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?
Through HYCM, many traders make a great deal of cash. 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 little number, but over the entire year, it adds to a substantial amount of gains. While HYCM supply you all the tools to earn money, they can't guarantee that you will gain.
Does HYCM have fees?
Yes. To start trading with HYCM, you need to deposit $100. Particular commissions while trading additionally 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 doesn't provide negative balance protection. If your balance is negative, HYCM indicates that you promptly contact customer services. With this, you can fix any imbalances within your account.
Does HYCM offer guaranteed stop loss?
HYCM, regrettably, doesn't provide guaranteed stop loss. HYCM gives a chance for its dealers to close their trades at their given price. Apart from that, HYCM doesn't offer guaranteed stop loss.
Does HYCM allow scalping?
No, the terms and conditions of HYCM do not condone scalping. It's a trading technique that is not allowed on the agent's platform. You can refer to HYCM's provisions and conditions to see more about its own 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 an online wallet service that was established in 2001 that provides a variety of payment options online and money transfer services.
Since its launch, Skrill has expanded to operate in more than 120 countries with the digital wallet available in more than 40 currencies. Customers can deposit money into their Skrill wallet through a variety of payment options , including bank transfer, card, and several alternative payment options. The money can be used to pay merchants as well as other Skrill users, or transferred into crypto.
Skrill also allows cross-border transactions via its remittance service Skrill Money Transfer. It allows customers to transfer money to an account at a bank overseas using their bank card. The service was acquired in 2015 by the Paysafe Group. Skrill became part of the Paysafe Group along with former competitor 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 through Paysafe Payment Solutions Limited, which is a company that is registered in Ireland and is regulated by the Central Bank of Ireland, for its European regulated operations. Skrill's activities outside of the European Economic Area are operated by Skrill Limited - a company incorporated inside 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 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. This company is a specialist in cross-border B2B transactions. 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.
In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly 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 learn their systems before risking any real capital. 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 risking a live account.
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