HYCM Review: Pros & Cons | 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 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 surrounding HYCM.
If you're a new entrant in the realm of trading online and brokers, so many nuances will no doubt be confusing for you. Getting into the area of online trading requires expert analytical skills and comprehensive understanding. You will acquire proficient at all of the concepts of online trading and brokers as you keep trading. For starters, you have to choose the ideal agent who will consistently be transparent with you.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professional, direct investment plan could aid you in minimising any potential losses and maximising any returns. HYCM is just one such platform that will assist you. It is important that you understand all you can about any broker before you trust them with your money.
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 counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and comprehensive in your HYCM broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of HYCM, its track record, and reputation is vital. Moreover, ensure the HYCM broker's offerings, trading tools, fees, and regulation align with your 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, make yourself comfortable, 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 2026 – Quick Overview
| HYCM Telephone: | +44 20 8816 7812 |
| HYCM Support Email: | support@hycm.com |
| HYCM Address: | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN |
| Year Founded: | 1977 |
| Regulated By: | Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 |
| Hedquarters: | UK |
| Minimum Deposit: | $100 |
| Number Of Clients: | 10,000+ HYCM users and traders |
| HYCM LinkedIn: | https://www.linkedin.com/company/hycm/ |
| HYCM Facebook: | https://www.facebook.com/hycm.official |
| HYCM Facebook Likes: | 153,997 |
| HYCM Twitter: | @HYCM |
| HYCM Twitter Followers: | 25,000 |
| HYCM Instagram: | https://www.instagram.com/hycm.eu/ |
| HYCM Instagram Followers: | 2,587 |
| HYCM Youtube: | https://www.youtube.com/channel/UC2lwvQLAJ3iN4LE_39X1u_Q |
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Losses can exceed deposits |
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Our full HYCM review for beginners covers all you will need to know about trading with HYCM. A good broker can use your first investments and help to protect it from losses but also provide you a platform that can help to give you positive profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment objectives.
Of course, there's absolutely no sure-fire way to guarantee profits; thus, you must carefully assess your agent before you select them. It's a frequent misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
HYCM is a trading partner which has found its way successfully into the brokerage world. In this review, we have attempted to collate some of the important facets of HYCM. This guide will allow you to understand whether HYCM is a great match for your investments or not. We've tried to breakdown all of the features and charges 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 industry of online trading. HYCM includes a highly competitive and full-featured trading site that's focused on currency, indices, metals, sharesand commodities.
Over the past 49 years, HYCM has grown into one of the top online brokers available to the public.
After being founded in 1977, their consumer base has become as large as 10,000+ clients.
HYCM is the favourite of many stock dealers . Our HYCM account review found that they're a reputable solution for online trading options. They're best suited for investors that are searching for a variety of assets. Social and easy to use trading options are the core at HYCM.
Technology plays a substantial role at HYCM. They offers trading on MT4, Tablet & Mobile apps. HYCM is fair, 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 tools will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The educational department at HYCM is very insightful for new traders as it allows them to have a closer look at the financial markets. HYCM caters to all types of traders and are a must-have broker for almost any well-diversified method of trading.
HYCM Review Videos
Benefits of using HYCM in 2026
Trading with HYCM includes many advantages. These advantages are what sets HYCM ahead of all other online brokers. You should check all the advantages listed so you have a better comprehension of HYCM.
The agent goes to great lengths to understand what traders want. Consequently, the service, fast, and convenient. The broker also provides a number of platforms 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 which are available to all and not only an elite class of institutional customers. The tight spreads and quick executions are a fantastic advantage for all traders. The technology adopted by HYCM is of the highest caliber, making sure that it is fast, reliable, and efficient.
HYCM admits the significance of having a fast order execution. A quick execution will allow users to trade without fretting about slippage safely. It is going to also aid the traders to grab any opportunities.
Copy trading is another important aspect of HYCM. A new dealer can learn from business experts using the automatic copy trading alternative. This means you can monitor the best performing traders 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 tools to support all kinds of traders. These instruments are lively and convenient for both the new and seasoned 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 should know about trading using HYCM
HYCM is a lively platform that offers various techniques of trading. These instruments cover the monetary markets substantially. Most of the broker platforms provide fewer procedures than HYCM
If you would like to exchange with HYCM, you will require a minimum deposit of $100. This deposit is required if you want to begin trading with HYCM. This 2026 HYCM review will guide you safely about trading with them.
HYCM is as flexible as another brokerage platform. HYCM is ideal for traders that want a manageable assortment of cheap services. The platforms provided by HYCM are third-party, white-label offerings. All traders may choose out of MT4, Tablet & Mobile apps
Along with everything, HYCM has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept available. The brokers provide premium client service that rewards customers with advantages.
Many unprofessional brokers try to pressurise users into larger financing for premium services. HYCM, though, is more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
HYCM accounts are available all over the world and provides excellent service wherever they have clients. There are some 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 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 make sure that trading platforms have measures in place to keep investor's resources secured. This means that HYCM users do not need to be worried about their money since it is segregated and safely kept in established banks. SSL encryption secures every user's private information as well.
You can make use of a choice for Two Factor Authentications (2FA) with HYCM for heightened safety. An SMS for the confirmation code will be sent to a phone. You will be asked to enter this code to log in to your accounts.
Another concern with financial brokers is in respect to security may be manipulation of trading. This is highly disadvantageous for users on those platforms. Nonetheless, this is more prevalent in the example of Market Maker brokers who compete with users on the platform.
HYCM Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With HYCM
Every online trading platform has a few ups and downs, and no 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 strong set of rules for ensuring honest trading onto its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
HYCM Awards
At the time of writing this HYCM review, and despite HYCM’s impressive offering, the company has surprisingly not garnered any awards to date.HYCM Trading Platforms
HYCM are a professional brokerage that has been operating for over 49 years. They offer a large range of options in their customer accounts.
In the following table we take the main parts of any great online broker and compare HYCM against Startrader, and freetrade.
HYCM MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with HYCM in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. HYCM MetaTrader 4 is compatible with the latest macOS. HYCM allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and HYCM
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With HYCM MetaTrader 4 On iOS Devices
You can download the HYCM app or also trade with HYCM through the MetaTrader 4 application on the Apple app store.
Download the HYCM MetaTrader 4 Program free of charge from Apple's App Store. HYCM customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With HYCM MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. HYCM provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android HYCM MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you must deposit to get started on HYCM is $100. This is a decent amount for people just starting out. It's possible to make more advanced deposits as you go along. But, make certain that you understand how to make the most of your money before investing in larger amounts.
Commission And Fees Explained
HYCM is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this purpose.
The first kind of charges to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you are spending a spread, financing speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people who are billed when you maintain a leveraged position for more than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your account. They're charged for things like depositing money, not investing for lengthy periods, or withdrawals.
In general, HYCM doesn't charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who often trade, for example weekly or daily trading.
However, non-trading fees billed by HYCM are comparatively greater. Consequently, you are billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These aren't about the sale and purchase of resources.
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. Every time you move money back into your bank accounts, these withdrawal charges become important.
Withdrawal of cash is possible at any moment from the HYCM account. It's possible to draw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily need to have any cash in your accounts.
In addition, the withdrawn money will be moved directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash will be sent to the cardHYCM will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you're choosing to draw in.
HYCM Inactivity Fees Explained
HYCM charges an inactivity fee if you don't make any trades for a while.
Even if no charges are indicated by HYCM, it's best for you to close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is subjected to many circumstances and needs to be revealed clearly by the broker beforehand.
HYCM Deposit Fees Explained
When you move money into your trading account from the bank account, a deposit fee can be charged 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 cash on the HYCM trading platform is easy. You simply have to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity proof and proof of residency to deposit substantial 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 a few countries. Trading instruments offered can be different depending on the country of residence of the client.
HYCM has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then HYCM offer over 40 forex pairs.
Compare HYCM, Startrader & freetrade below.
HYCM Trading App Review
Note: HYCM's mobile app has a lot of functionality 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
In our HYCM broker review we examined the customer service options, response times and on the HYCM trading platform problem resolution effectiveness. HYCM provides support in a wide range of languages, including English, Chinese, Chinese (Traditional), Arabic, and Russian
HYCM Live Chat Support
We tested the live chat on HYCM and it works well. We sent messages to HYCM livechat via their website and app and received a response in less than 20 seconds. Sometimes , there was no response.
We have tested communication through HYCM support in a variety of languages across multiple countries. HYCM were successful in resolving customers' issues.
HYCM Phone Support
We phoned HYCM and the call was responded to very promptly. We were able to have the call answered within less than 5-10 minutes.
The HYCM phone support team were able to successfuly answer our questions and issues over the phone. We tested the multi-lingual HYCM team by making calls in various languages. HYCM made an effort to ensure that our questions were addressed.
The overall support via phone from HYCM was okay.
HYCM Email Support
We sent several email to HYCM and responses were generally excellent. The fastest email response from HYCM was 5 hours, while the most slow response was 8 days! Sometimes there was no response. Support response times may vary depending on what is needed from HYCM, however we have had this experience sending out 10 emails at various times.
The team resolved and answered our queries. Overall average email support from HYCM was acceptable.
Alternatives To HYCM
If, after studying this HYCM review, they do not meet your requirements check out these HYCM alternatives.
We've scoured the internet to find the best alternatives to HYCM. Click the links below to learn more.
Frequently Asked Questions
Can I try HYCM before I buy?
Yes, you can most definitely try HYCM before you buy. HYCM provides demo accounts for the ease of beginner traders. You may 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 may set out with a decent amount of virtual currency. It is to establish a feeling 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 can even open positions, test different trading approaches, and much more.
HYCM shows on its official website that you can exchange real time stocks with your demo account.
Is HYCM safe?
It is possible to drop all of your worries because we believe that HYCM is perfectly safe to use. It's in compliance with all the principles 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 does not provide 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 methods to finance your account with HYCM. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal is not available in every place. The currencies 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 as well, even though it takes approximately 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 data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your accounts, it is possible to enable Two-Step Verification also. It requires an SMS confirmation for you to get your accounts.
Is HYCM trading good?
Yes, trading via HYCM is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you could even gain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start 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 doesn't accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is HYCM legit?
HYCM is a legit company headquarted in UK since 1977. They are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. HYCM is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is HYCM a good broker?
HYCM is an excellent broker, and its users may vouch for it. The highlight of this platform is its quick order execution on transactions.
You'll find the clean layout 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 currently one of the industry leaders. It supports over 10,000+ registered customers and over 49 years of expertise on its record. They're one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its incredible platform and wide 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?
Through HYCM, several traders make a lot of money. However, just like all online brokerages, it is important to note that traders can also lose money. In particular, Losses can exceed deposits
This can look like a small number, but over the year, it adds to a significant number of gains. Even though HYCM provide you all of the tools to make 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 also apply. Any processing fees from your bank will need to be incurred by you.
When was HYCM founded?
HYCM was founded in 1977 in UK. HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
How many people use HYCM?
HYCM is a worldwide recognised agent with 10,000+ clients.
Where is the HYCM head office?
HYCM has its head office in UK
Does HYCM offer negative balance protection?
No. HYCM doesn't offer negative balance protection. If your balance is unfavorable, HYCM suggests that you contact customer services. With this, you are able to correct any imbalances within your own account.
Does HYCM offer guaranteed stop loss?
HYCM, unfortunately, doesn't provide guaranteed stop loss. HYCM provides a chance for its dealers to close their trades in their specified price. Aside from that, HYCM does not provide guaranteed stop loss.
Does HYCM allow scalping?
No, the stipulations of HYCM don't allow scalping. It is a trading technique which isn't permitted on the agent'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 provider established in 2001 which offers a variety of payment options online and money transfer services.
Since launch, Skrill has expanded to operate in over 120 countries with the digital wallet that is available in 40 different currencies. Customers can upload money to their Skrill wallet through a variety of payment options including by card, bank transfer as well as a variety of alternative payment methods. The funds can later be used to pay merchants as well as other Skrill customers, or converted into cryptocurrency.
Skrill also offers cross-border payments through its remittance service Skrill Money Transfer. The service enables customers to send money to a bank account in another country by using their credit card. The service was acquired in 2015 by the Paysafe Group. Skrill was acquired by the Paysafe Group along with former competitor Neteller and prepaid payment provider paysafecard.
Skrill has several licenses enabling it to offer its services throughout Europe as well as globally. Skrill is managed by Paysafe Payment Solutions Limited, an entity that is incorporated in Ireland and is regulated by the Central Bank of Ireland, for its European authorized activities. Skrill's operations outside of Europe are managed by European Economic Area are operated by Skrill Limited - a company which is incorporated within the United Kingdom and regulated by the Financial Conduct Authority.
Does HYCM accept Payoneer?
Yes, HYCM accepts Payoneer for depositing money.
Payoneer, 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. 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.
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
Does HYCM accept Neteller?
Yes, HYCM accepts Neteller for depositing money.
Does HYCM offer Live Chat customer support?
Yes, HYCM offers customer support through live chat.
Does HYCM offer phone customer support?
Yes, HYCM offers customer support over the telephone.
Does HYCM offer email customer support?
Yes, HYCM offers customer support through email.
What languages can HYCM communicate in?
HYCM has the ability to communicate and support customers who speak: English, Chinese, Chinese (Traditional), Arabic, and Russian
Does HYCM have a wikipedia page?
No, HYCM does not have an official wikipedia page.
Does HYCM offer demo accounts?
Yes, HYCM offers demo accounts so you can learn their systems before risking any real capital. 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 signing up for a live account.
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