HYCM Review: | 2025 Update
This HYCM review has been updated for 2025 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 trading partner that was founded in 1977. They have around 86 employees that help the company offer , 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 most recent details about HYCM.
If you are new to the world of online trading and brokers, so many details will no doubt be perplexing for you. Getting into the area of trading online demands expert analytical skills and thorough understanding. You will get adept at all of the concepts of online trading and brokerages as you keep trading. For starters, you have to choose the right agent who'll consistently be clear with you.
Within this fast-paced universe of financial markets and online trading, you'll need advice to make proper decisions. A professional, direct investment online broker could help you in minimising any losses and maximising any returns. HYCM is one such broker which can help you. It's crucial that you 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 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 vigilant and comprehensive in your HYCM broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of HYCM, its track record, and reputation is vital. Moreover, ensure the HYCM broker's offerings, trading tools, fees, and regulation align with your requirements.
Remember, HYCM should be a supportive ally on your trading journey.
Our team has strived 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 comprehensive 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 Guide for 2025 – Quick 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 |
Losses can exceed deposits |
Our full HYCM review for beginners covers everything you need to learn about trading via HYCM. A good agent can take your initial investments and help to protect it from losses but also provide you a platform that can help to provide you favourable profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment goals.
Of course, there's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you choose them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
HYCM is a trading partner which has forged its way successfully to the broker world. In this review, we have tried to collate a number of the vital aspects of HYCM. This guide can allow you to understand whether HYCM is a fantastic match for your own investments or not. We have tried to breakdown all the features and fees for your advantage.
Who are HYCM?
HYCM is a forex broker with its headquarters in UK and provides a variety of tools for trading. Since its establishment in 1977 they have emerged as a top-tier player in the field of online trading. HYCM includes an extremely competitive and full-featured trading website that is focused on currency, indices, metals, stocks and commodities.
Over the past 48 years, HYCM has grown into one of the best online brokers available to the public.
After launching in 1977, their consumer base has increased to 10,000+ clients.
HYCM is a favourite of many traders . Our HYCM account review discovered that they are a superb choice for online trading solutions. They are most appropriate for investors that are looking 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 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 the majority of traders. Third-party partnerships also provide in-house analysis.
The trader resource section at HYCM is very comprehensive 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 almost any well-diversified approach to online trading.
HYCM Review Videos
Benefits of using HYCM in 2025
Trading with HYCM comes with numerous benefits. These advantages are what sets HYCM ahead of all other online brokers. You need to check all of the advantages listed so that you have a better understanding of HYCM.
The agent goes to great lengths to comprehend what dealers need. Consequently, the service, fast, and convenient. The broker also provides a number of platforms for all kinds of traders. HYCM ensures that the individual needs of all online traders are met to the best of their capabilities.
HYCM also features 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 embraced by HYCM is of the maximum caliber, making sure that it's fast, reliable, and efficient.
HYCM admits the significance of having a fast order execution. A fast implementation will allow users to trade without worrying about slippage safely. It will also help the dealers to catch any opportunities.
Copy trading is another important aspect of HYCM. A new dealer can learn from industry experts utilizing the automated copy trading option. This allows you to see well performing traders 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. 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 instruments to support all kinds of traders. These instruments are lively and suitable for both new and experienced traders. All traders can put aside all their worries 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 should know about trading with HYCM
HYCM is a lively platform that offers various methods of trading online. These instruments cover the financial markets considerably. The Majority of the brokerage platforms offer less approaches than HYCM
If you would like to trade with HYCM, you will require a minimum deposit of $100. This deposit is mandatory if you want to begin trading using HYCM. This 2025 HYCM review will guide you clearly about trading with them.
HYCM is as flexible as any other brokerage platform. HYCM is ideal for traders who want a manageable array of low-cost services. The programs supplied by HYCM are third party, white-label offerings. All traders may pick from MT4, Tablet & Mobile apps
Together with everything, HYCM has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade must be kept open. The agents provide premium customer service which rewards customers with advantages.
Many less reputable brokers attempt to pressurise customers into bigger funding for superior services. HYCM, though, is much more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more advantages will become available.
HYCM accounts are available around the world and provides outstanding service everywhere 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 2025?
Launched in 1977, HYCM has been open for 48 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 mandate that trading platforms have ploicies in place to maintain investor's assets secured. This usually means that HYCM users don't need to worry about their money as it is segregated and safely stored in banks that are established. SSL encryption secures every user's personal information also.
You are able to make use of a choice for 2 Factor Authentications (2FA) with HYCM for heightened safety. An SMS with 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 to consumers on those platforms. Nonetheless, this is more prevalent in the case of Market Maker agents who compete with users on the stage.
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 48 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 strong set of rules for ensuring honest trading on its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is to not be shared with any other institutions or individuals. Including 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 operating for over 48 years. They offer a wide range of options in their customer accounts.
Below we take the main parts of any reputable 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 begin on HYCM is $100. This is a decent amount for people just beginning. It's possible to make more advanced residue as you go along. However, make certain you know how to make the most of your money before investing larger sums.
Commission And Fees Explained
HYCM is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the amount of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you're paying a spread, funding speed, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are those who are charged when you hold a leveraged position for longer than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They're billed for services like depositing cash, not investing for long periods, or withdrawals.
In general, HYCM doesn't charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by HYCM are relatively lower. Consequently, you are billed more for non-trading actions in your trading account, like withdrawal and deposits. These aren't about the purchase and sale 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 transfer money into your bank accounts, these withdrawal charges become important.
Withdrawal of money is possible at any time from your HYCM account. It's possible to draw sums up to the sum of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily have to have any cash on your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn money will 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 the event you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you're opting 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 are implied by HYCM, it is best that you close the account if you are inactive. Inactivity fees are not only charged by broker companies 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 exposed to a lot of circumstances and needs to be revealed clearly by the agent beforehand.
HYCM Deposit Fees Explained
When you transfer money in your trading account by your 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 money on the HYCM trading platform is simple. You just have to finish a single-user profile survey to begin depositing money into your trading account. You'll have to provide an identity proof and proof of residency to deposit substantial sums.
Compare HYCM Vs Other Broker Deposit Methods
What Can You Trade With HYCM in 2025?
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 forex 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 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
While collating this HYCM broker review we looked at the options for customer service, response times and on the HYCM trading platform problems resolution effectiveness. HYCM provides support in many languages, including English, Chinese, Chinese (Traditional), Arabic, and Russian
HYCM Live Chat Support
We tested the live chat on HYCM, and it was very effective. We sent messages via HYCM livechat through their app and website and received a response after 10 seconds. Sometimes , there was no response.
We tested communicating via HYCM support in multiple languages and in various countries. HYCM were capable of resolving our client's issues.
HYCM Phone Support
We made a call to HYCM and the call was answered extremely quickly. We were able to have the call answered in less than five to ten minutes.
The HYCM phone support team was able to effectively address our queries and problems on the phone. We tested the multilingual HYCM team by making calls in various languages. HYCM made efforts to ensure our queries were answered.
Overall, the phone support from HYCM was good.
HYCM Email Support
We have sent numerous emails to HYCM and the response times were all satisfactory. The fastest email response from HYCM was 4 hours while the slowest response was 12 days! Sometimes there wasn't a response. Response times to support may differ for you at HYCM, but this was our experience sending out 10 emails at various times.
The team solved and responded to our queries. The overall average of email support provided by HYCM was very good.
Alternatives To HYCM
If, after studying this HYCM review, they don't quite fulfill your requirements check out these HYCM alternatives.
We've scoured the web to find the best alternatives to HYCM. Click on the hyperlinks below to learn more.
Frequently Asked Questions
Can I try HYCM before I buy?
Absolutely! you can most definitely try HYCM before you buy. HYCM provides demo accounts for the ease of new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demo account on HYCM, you will set out using a decent amount of virtual currency. It is to establish a sense of security and confidence in you before you decide to invest your own money.
With a virtual HYCMdemo account, you can experiment at all, to whatever length you desire. You might even open positions, test different trading approaches, and much more.
HYCM shows on its official website that you are able to trade real time stocks in a demo account.
Is HYCM safe?
It is possible to drop all your worries since we believe that HYCM is perfectly 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 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 a number of ways to finance your account with HYCM. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal isn't available in all country. The monies HYCM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can embrace 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 secure with HYCM. As you know, HYCM operates with good conformation to regulations. It has established plenty of measures to protect all of its investors.
HYCM protects its customers' personal and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can enable Two-Step Verification as well. It requires an SMS confirmation that you get your account.
Is HYCM trading good?
Yes, trading through HYCM is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. Moreover, you could also gain access to a huge collection of educational tools and assistive substance to kickstart your trading experience.
If you remain skeptical, you can open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries do HYCM support?
HYCM operates across the globe. 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 a great agent, and its own users may vouch for this. The highlight of the platform is its fast order execution on trades.
You will find the clean layout of the platform along with the admirable 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 has over 10,000+ registered customers and over 48 years of expertise on its own record. They're among the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide selection of resources plus tools 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, several traders make 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 like a little number, but over the year, this adds to a substantial amount of gains. Even though HYCM provide you all the tools to earn money, they can't guarantee you will profit.
Does HYCM have fees?
Yes. To start trading using HYCM, you need to deposit $100. Particular commissions while trading also applies. 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 broker 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 doesn't offer negative balance protection. If your balance is negative, HYCM indicates that you promptly contact customer services. With this, you are able to correct any imbalances in your account.
Does HYCM offer guaranteed stop loss?
HYCM, unfortunately, doesn't provide guaranteed stop loss. HYCM provides an opportunity for its traders to close their trades at their specified price. Aside from that, HYCM does not offer guaranteed stop loss.
Does HYCM allow scalping?
No, the terms and conditions of HYCM do not allow scalping. It's a trading technique that isn't permitted on the broker's platform. You can consult with HYCM's provisions and conditions to read 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 a digital wallet company that was founded in 2001 that offers a variety of online payment and transfer services.
Since its launch, Skrill has expanded to operate in over 120 countries, with its digital wallet available in 40 different currencies. Customers can transfer funds to their Skrill wallet through a variety of payment options , including card, bank transfer and a variety of other payment options. The funds can then be used to make payments to merchants as well as others Skrill users, or transferred into crypto.
Skrill also provides cross-border payment through its remittance service Skrill Money Transfer. The service enables customers to transfer money to a bank account overseas using their bank card. The service was acquired in 2015 by the Paysafe Group. Skrill was acquired by the Paysafe Group along with former competitors Neteller and prepaid payment provider paysafecard.
Skrill has several licenses enabling it to offer its services throughout Europe and around the world. Skrill is run through Paysafe Payment Solutions Limited, a company incorporated in Ireland and is regulated by the Central Bank of Ireland, for its European controlled operations. Skrill's operations outside its European Economic Area are operated by Skrill Limited - a company that 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 or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. 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. 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'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 demo accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before risking a live account.
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Table Of Contents
- Who are HYCM?
- Benefits Of Trading With HYCM
- Everything you should know about trading with HYCM
- Is HYCM Safe To Trade With?
- HYCM Risk Disclaimer
- Pro's & Con's Of Trading With HYCM
- Compare Brokers Similar To HYCM
- HYCM Regulation And Licencing
- HYCM Awards
- Minimum Deposit Required For A Live Account With HYCM
- HYCM Commission And Fees
- Compare broker fees against HYCM
- HYCM Withdrawal Fees Explained
- HYCM Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With HYCM?
- HYCM Customer Support
- HYCM Live Chat Support
- HYCM Phone Support
- HYCM Email Support
- Alternatives To HYCM
- Frequently Asked Questions About HYCM