HYCM Review: | 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 professional broker 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 info surrounding HYCM.
If you are new to the realm of trading online and brokers, so many details will no doubt be perplexing for you. Getting into the world of trading online requires expert assessing skills and thorough knowledge. You will get proficient at all of the concepts of online trading and brokers as you keep trading. For starters, you have to choose the ideal broker who'll consistently be transparent with you.
Within the fast-paced world of financial markets and online trading, you'll need advice to make sensible decisions. A professionally lead investment partner could aid you in minimising any potential losses and maximising any returns. HYCM is one such broker which will help you. It's crucial to learn about any broker before you trust them with your cash.
When engaging in online trading with platforms such as HYCM, it's crucial to carefully assess HYCM as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your HYCM investments to flourish. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and rigorous 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 objectives.
Remember, HYCM should be a supportive ally on your trading journey.
Our team has devoted their efforts to simplify the intricate world of trading with HYCM into easily understandable information in this HYCM review. Our goal is to equip you with the knowledge necessary to confidently use HYCM trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with HYCM are the cornerstone of successful trading. As such, we've provided this in-depth 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 – 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 |
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Losses can exceed deposits |
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Our entire HYCM review for beginners covers all you need to know about trading via HYCM. A good agent can use your first investments and help to protect it from losses but also provide you a platform that can help to provide you profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment goals.
Of course, there is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
HYCM is a trading partner which has forged its way successfully to the broker world. Within this review, we have attempted to collate a number of the important facets of HYCM. This guide can allow you to understand whether HYCM is a good fit for your own investments or not. We've tried to breakdown all of the qualities and charges for your advantage.
Who are HYCM?
HYCM is a online trading broker headquartered in UK and provides a range of tools for trading. Since its establishment in 1977 they have emerged as a top player in the industry of online trading. HYCM has an extremely competitive and full-featured trading website that's focused on currency, indices, metals, sharesand commodities.
Over the past 49 years, HYCM has developed into one of the top online brokers available to the public.
After establishing itself in 1977, their consumer base has increased to 10,000+ clients.
HYCM is a favourite of many stock dealers . Our HYCM account review found that they are a professional solution for online trading solutions. They're most appropriate for investors who are looking for an assortment of assets. Social and easy to use trading solutions are the heart at HYCM.
Technology plays a significant role in HYCM. They features trading on MT4, Tablet & Mobile apps. HYCM is honest, transparent, and also a well-regulated agent 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 the majority of traders. Third-party partnerships also provide in-house research.
The trader resource section at HYCM is quite enlightening for new traders as it allows them to get 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 trading.
HYCM Review Videos
Benefits of using HYCM in 2026
Trading with HYCM includes many advantages. These benefits are what sets HYCM apart from all other 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 traders need. Consequently, the service, fast, 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 traders are met to the best of their capabilities.
HYCM also features excellent trading conditions that are readily available to all and not just an elite class of institutional clients. The tight spreads and fast executions are a great advantage 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 owning a fast order execution. A fast execution will allow users to exchange without fretting about slippage safely. It is going to 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 alternative. This allows you to see the best performing brokers and instantly mirror 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. It is a more independent version of copy trading
HYCM has over 100 trading instruments to support all types of traders. These instruments are dynamic and suitable for both new and experienced traders. All traders can set aside all their concerns when trading using HYCM.
HYCM Overview
Year Founded: 1977
Regulated By: Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
Hedquarters: UK
Minimum Deposit: $100
Number Of Clients: 10,000+
Losses can exceed deposits
If you feel that HYCM is not right for you then at the bottom of this HYCM review you will find a lot of alternatives to HYCM.
Everything you ought to know about trading using HYCM
HYCM is a dynamic platform that offers various techniques of trading online. These tools cover the monetary markets substantially. The Majority of the brokerage platforms provide less approaches than HYCM
If you want to exchange with HYCM, you will need a minimum deposit of $100. This deposit is compulsory if you would like to begin trading using HYCM. This 2026 HYCM review will direct you safely about trading with them.
HYCM is as flexible as any other brokerage platform. HYCM is excellent for traders that want a manageable assortment of cheap services. The programs provided by HYCM are third party, white-label offerings. All traders may select from MT4, Tablet & Mobile apps
Together with everything, HYCM has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction must be kept available. The brokers provide premium customer service that rewards customers with benefits.
Many less reputable brokers try to pressurise consumers into larger financing for premium services. HYCM, however, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.
HYCM accounts are available around the world and provides excellent 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?
Founded in 1977, HYCM has been operating for 49 years, they have a head office 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 ensure that trading platforms have ploicies in place to maintain investor's assets procured. 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 personal information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with HYCM for increased safety. An SMS for the confirmation code will be sent to your phone. You will be required to enter this code to log into your account.
Another concern with financial brokers with respect to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is more widespread in the case of Market Maker brokers who compete with customers 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 company, 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).
As per the organization's privacy regulations, client data is to not be shared with some 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 open for over 49 years. They offer a large range of options in their client accounts.
In the following table we take the main parts of any good brokerage and compare HYCM with 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 must deposit to begin on HYCM is $100. This is an adequate amount for those just starting out. You can create more complex deposits as you go along. However, make certain that you know how to make the most of your money before investing in larger amounts.
Commission And Fees Explained
HYCM is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the amount of clients they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you're paying a spread, funding rate, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are people that are charged when you maintain a leveraged position for more than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake in your accounts. They're charged for things like depositing money, not trading for long periods, or withdrawals.
In general, HYCM does not charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by HYCM are comparatively competitive. As a result, you're billed more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't related to the sale and purchase of assets.
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 when you create a bank transfer. Each time you transfer money into your bank account, these withdrawal charges become important.
Withdrawal of money is possible at any time from the HYCM account. It's possible to draw up sums to the sum of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't necessarily need to have any cash on your accounts.
In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, 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 are withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're 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 implied by HYCM, it's best that you close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is exposed to a lot of conditions and should be disclosed clearly by the agent beforehand.
HYCM Deposit Fees Explained
When you transfer money in your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers don't 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 on the HYCM trading platform is simple. You just need to complete a single-user profile survey to begin depositing money into your trading account. You'll have to give an identity evidence and proof of residency to deposit large amounts.
Compare HYCM Vs Other Broker Deposit Methods
What Can You Trade With HYCM in 2026?
Note: HYCM provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may be different 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 currency 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
For this HYCM broker review we looked at the customer service options, response times and on the HYCM trading platform problems resolution effectiveness. HYCM supports various languages including English, Chinese, Chinese (Traditional), Arabic, and Russian
HYCM Live Chat Support
We have tested the livechat experience with HYCM, and it was very effective. We have sent messages via HYCM livechat via their website and app and got a reply in less than 20 seconds. Sometimes , there was no response.
We tested communicating with HYCM support in multiple languages and in various countries. HYCM were successful in resolving client's concerns.
HYCM Phone Support
We made a call to HYCM and the call was answered extremely promptly. 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 questions and issues on the phone. We tested the multilingual HYCM team by making calls in various languages. HYCM made an effort to ensure all of our questions were answered.
The overall phone support provided by HYCM was good.
HYCM Email Support
We have sent numerous email to HYCM and responses were generally good. The fastest email response from HYCM was 4 hours while the longest response time was 3 days! There were times when there wasn't a response. Support response times can vary for you with HYCM, however, we've had the experience of sending out 10 emails at various times.
The team solved and responded to our questions. Overall average email support from HYCM was good.
Alternatives To HYCM
If, after reading this HYCM review, they don't quite fulfill your requirements check out these HYCM alternatives.
We have scoured the internet 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?
Absolutely! you can most certainly try HYCM before you buy. HYCM provides demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register to get a demo account on HYCM, you will set out with a decent amount of virtual money. It's to establish a sense of security and confidence in you before you decide to spend your own money.
With a virtual HYCMdemo account, you can experiment at all, to whatever period you wish. You can also start positions, examine different trading approaches, and much more.
HYCM shows on its official website how you can exchange 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 all the rules of Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
Nevertheless, HYCM doesn't give assured stop-loss protection.
Why does HYCM ask for my passport?
The reason that HYCM asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, HYCM has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, HYCM must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with HYCM?
The process to start trading with HYCM is super simple. You need to begin by signing up on the HYCM website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but HYCM are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with HYCM is $100. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with HYCM.
The best way to kickstart your trading career with HYCM is to open a demo account facility before risking any real money
What funding methods do HYCM accept?
There are multiple ways to fund your accounts with HYCM. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards ranging 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 is not 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 embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, though it takes about 4-7 days.
Is my money safe with HYCM?
Yes, your money is safe and protected with HYCM. As you already know, HYCM operates with good conformation to regulations. It has established lots of steps to protect all of its investors.
HYCM protects its customers' personal and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further protect your accounts, you can enable Two-Step Verification also. It takes an SMS confirmation for you to get your account.
Is HYCM trading good?
Yes, trading through HYCM is a nice and decent experience indeed. It's a great and intuitive platform with useful features for your simplicity. In addition, you can even gain access to a vast selection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, it is possible to start a eToro demo account and assess the credibility of the platform for yourself.
Which Countries do HYCM support?
HYCM operates across the world. However, due to regulations HYCM does not accept clients resident in 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 own users may vouch for it. The highlight of the platform is its quick order execution on transactions.
You will discover the clean design of the 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 business leaders. It has over 10,000+ registered users and over 49 years of expertise on its record. They are one of the world's top trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad range of tools plus resources so 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?
Using 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 can look like a little number, but within the year, it adds to a significant amount of gains. Even though HYCM supply you all the tools to make money, they can't guarantee that you will profit.
Does HYCM have fees?
Yes. To begin trading using HYCM, you need to deposit $100. Certain commissions while trading also apply. Any processing fees from your bank might 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 globally 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 suggests you promptly contact customer services. For this, you are able to correct any imbalances within your own account.
Does HYCM offer guaranteed stop loss?
HYCM, unfortunately, does not offer guaranteed stop loss. HYCM gives a chance to its dealers to close their trades at their specified price. Aside 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 which is not permitted on the agent's platform. You must refer to HYCM's terms 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 company that was founded in 2001 which offers a range of payment options online and money transfer services.
Since its launch, Skrill has expanded to operate in more than 120 countries, with its digital wallet available in 40 different currencies. Customers can upload money to their Skrill wallet using various payment options including by card, bank transfer and a variety of other payment options. The money can be used to pay for merchants as well as other Skrill customers, or converted into cryptocurrency.
Skrill also provides cross-border payment through its remittance services Skrill Money Transfer. The service enables customers to send money to an account at a bank overseas by using their credit card. It was in the year 2015 that 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 globally. Skrill is operated via 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 authorized operations. Skrill's operations outside of its European Economic Area are operated by Skrill Limited - a company which is incorporated inside 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 and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. This company is a specialist in cross-border B2B transactions. 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.
In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.
Payoneer's customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 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 learn their systems before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before risking a live account.
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