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HYCM Guide – Read our In-Depth HYCM Review

HYCM Rating: 6.3 / 10

Our proprietary rating algorithm takes all of our 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.

This HYCM review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this HYCM review does not apply to users in

This HYCM review contains the latest information about HYCM.

If you're a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll get adept at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal agent who will be clear with you constantly.

In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program will create hefty returns. HYCM is one such platform that will take you and your investment into great heights. It's important to know about HYCM before you trust them with your cash.

HYCM review screenshot

HYCM Guide – Quick Summary

HYCM Telephone Number: +44 20 8816 7812
HYCM Email Address: 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 covers everything you will need to learn about trading with HYCM. A good agent can multiply your initial investments and provide you favourable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing objectives.

There is no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.

HYCM is a broker that has found its way successfully to the broker world. In this review, we've tried to collate a number of the important aspects of HYCM. This review will allow you to understand whether HYCM is a good fit for your investments or not. We've tried to breakdown all the features and fees for your advantage.

HYCM Review, Table Of Contents

Who are HYCM?

HYCM is a foreign exchange broker headquartered in UK and provides a range of instruments for trading. Since its establishment in 1977, HYCM has emerged as a top-tier player in the field of online brokerage. HYCM includes a highly aggressive and full-featured trading site that's focused on forex, indices, metals, stocks and commodities.

Over the past 44 years, HYCM has grown into one of the leading online brokers.

After establishing in 1977, their client base is becoming as large as 10,000+ clients.

HYCM is the favourite for many dealers.. Our HYCM review found that they're an superb choice for automated trading options. They're best suited for investors who are searching for an assortment of assets. Social and automated trading options are the heart at HYCM.

Technology plays a significant role at HYCM. HYCM offers 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 tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.

The trader resource 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 sorts of traders and are a must-have broker for almost any well-diversified method of trading.

HYCM Videos

Benefits of doing online trading with HYCM?

Trading with HYCM includes numerous advantages. These benefits are what sets HYCM ahead of all other online brokers. You need to check all of the benefits listed so you have a better comprehension of HYCM.

The broker goes to great lengths to understand what dealers need. Consequently, the service, quick, and convenient. The broker also provides a number of programs for all types of traders. HYCM ensures that the individual needs of all online traders are duly met.

HYCM also features excellent trading conditions that are available to only an elite class of institutional customers. The tight spreads and fast executions are a great benefit for those traders. The technology adopted by HYCM is among the maximum caliber, making sure that it's fast, dependable, and effective.

HYCM acknowledges the significance of owning a fast order execution. A fast execution enables users to trade without fretting about slippage safely. It is going to also aid the dealers to grab the utmost profitable opportunities.

Copy trading is another important aspect of HYCM. A new trader can learn from industry experts using the automatic copy trading option. This allows you to monitor 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, HYCMoffers social trading which encompasses leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.

HYCM has over 100 trading tools to support all types of traders. These instruments are lively and suitable for both the new and seasoned traders. The dealers can set 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 wil find a lot of alternatives to HYCM.

What you ought to know about trading with HYCM

HYCM is a lively platform that offers various methods of online trading. These instruments cover the monetary markets considerably. The Majority of the broker platforms offer fewer methods than HYCM

If you would like to trade with HYCM, you'll require a minimum deposit of $100. This deposit is mandatory if you wish to begin trading with HYCM. This 2021 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 variety of low-cost services. The programs supplied by HYCM are third party, white-label offerings. All traders may select out of 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 has to be kept available. The brokers provide premium customer service that rewards clients with advantages.

Many less reputable brokers try to pressurise customers into larger financing for premium services. HYCM, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the consumer, the further advantages will become available.

HYCM accounts are available all over the world and provides excellent service wherever they have customers. There are only a select few countries where HYCM accounts are not available. Traders in the following countries cannot open or use a HYCM account:

Is HYCM Safe To Trade With?

Launched in 1977, HYCM has been in operation for 44 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 bodies have rules that mandate that trading platforms have ploicies in place to maintain investor's assets procured. This usually means that HYCM users don't need to worry about their money since it is segregated and safely stored in established banks. SSL encryption secures every user's private information as well.

You can make use of an option for Two Factor Authentications (2FA) with HYCM for heightened security. An SMS for the verification code will be sent to a phone. You will be asked to enter this code to log into your accounts.

Another concern with financial brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous for users on those platforms. However, this is much more widespread in the example of Market Maker brokers 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 has a few pros and cons HYCM review would be complete without showing both sides. 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 trusted by 10,000+ clients
  • HYCM has low minimum deposit requirements
  • HYCM doesn't charge deposit fees
  • HYCM doesn't charge CFD fees
  • HYCM offers social trading
  • HYCM offers copy trading
  • HYCM offer trading on MT4, Tablet & Mobile apps
  • HYCM offer 100 trading instruments
  • HYCM trades major forex pairs
  • HYCM trades minor forex pairs
  • HYCM trades exotic forex pairs
  • HYCM offers trading on cryptocurrencies
  • HYCM can communicate in English, Chinese, Chinese (Traditional), Arabic, and Russian

HYCM Con's

  • HYCM does not offer Negative Balance Protection
  • HYCM does not offer Guaranteed Stop Loss
  • HYCM charge withdrawal fees
  • HYCM charge inactivity fees
  • HYCM doesn't offer trailing stop

HYCM Review - Compare Brokers Similar To HYCM

HYCM Exness CMC Markets fx private
Rating 6.3 / 10 5.28 / 10 5.88 / 10 4.75 / 10
Minimum Deposit $100 $1 $200 $250
Year Founded 1977 2008 1989 2020
Headquarters UK Cyprus UK USA
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 Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ????? e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F239
Clients 10,000+ 10,000+ 10,000+ 12,000,000+
Find Out More
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits Your capital is at risk

HYCM Review - 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 collection of rules for ensuring fair trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial details.

HYCM Review - Awards

At the time of writing this HYCM review, and despite HYCM’s impressive offering, the company has surprisingly not garnered any other awards to date.

HYCM Trading Platforms

HYCM are a reputable trading platform that has been open for over 44 years. They offer a large range of options in their user accounts.

Below we take the main parts of any good online trading platform and compare HYCM with Exness, CMC Markets, and fx private

HYCM Exness CMC Markets fx private
Demo Account Yes Yes Yes Yes
Proprietary Platform
Windows App Yes Yes Yes Yes
Mac App Yes Yes Yes Yes
Linux App No No No No
Social Trading Yes Yes No No
Copy Trading Yes Yes No No
MetaTrader 4 (MT4) Yes Yes Yes No
MetaTrader 5 (MT5) Yes Yes Yes Yes
cTrader Yes Yes Yes Yes
DupliTrade Yes Yes Yes No
ZuluTrade


Losses can exceed deposits


Losses can exceed deposits


Losses can exceed deposits


Your capital is at risk

HYCM Review - Minimum Deposit Required

The minimum deposit you must deposit to get started on HYCM is $100. This is an adequate amount for those just starting out. You can make more advanced residue as you cooperate. However, ensure that you understand how to make the most of your cash before investing in larger amounts.

HYCM Review - Commission And Fees Explained

HYCM is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. That is, an internet broker isn't necessarily influenced by the amount of customers they have.

However, this does not necessarily 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 objective.

The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, financing rate, or a commission. The kinds of trading charges and the prices vary from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are people that are charged when you hold a leveraged position for more than a day.

Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for things like depositing cash, not trading for long periods, or withdrawals.

Generally, HYCM does not charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who often exchange, for example weekly or daily trading.

However, non-trading fees charged by HYCM are relatively greater. As a result, you're charged more for non-trading actions on your trading accounts, such as deposits and withdrawal. These are not 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 against HYCM

HYCM Exness CMC Markets fx private
Minimum Deposit $100 $1 $200 $250
Withdrawal Fees Yes No Yes Yes
Inactivity Fees Yes No Yes No
Deposit Fees No No No No
CFD Fees No No No No


Losses can exceed deposits


Losses can exceed deposits


Losses can exceed deposits


Your capital is at risk

HYCM Review - Withdrawal Fees Explained

HYCM charges a withdrawal fee when you make a bank transfer. Every time you transfer money into your bank accounts, these withdrawal fees become important.

Withdrawal of cash is possible at any time from your HYCM account. You can withdraw up sums to the amount of your account balance, keeping aside the perimeter used. One thing to keep in mind is that you don't necessarily need to have any cash on your account.

Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn money will be sent to the card. HYCM will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to draw in.

HYCM Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your mind when open an account with HYCM. An inactivity fee is an amount charged to registered dealers who have not engaged in purchasing or selling for some time. The period regarded as inactive is decided by the agent.

The inactivity fee differs from 1 broker to another and is not standardized. If a dealers account does not have a purchasing or selling transaction, it's claimed by the broker as an inactivity fee. The traders have to pay this fee under conditions and terms they had consented while enrolling.

HYCM charges an inactivity fee when you don't make any trades for a while.

Even if no charges are indicated by HYCM, it's best that you close the account if you are inactive. Inactivity fees are not just 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 selected. The inactivity fee is exposed to a lot of circumstances and needs to be disclosed clearly by the broker beforehand.

HYCM Review - Deposit Fees Explained

When you transfer money in your trading account by the bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this operation.

HYCM doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the HYCM trading platform is simple. You simply have to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity proof and proof of residency to deposit substantial sums.

HYCM Review - Compare Broker Deposit Methods

HYCM Exness CMC Markets fx private
Minimum Deposit $100 $1 $200 $250
Credit Card Yes Yes Yes Yes
PayPal Yes No No Yes
Neteller Yes No No Yes
Skrill Yes No No Yes
Payoneer Yes Yes Yes Yes


Losses can exceed deposits


Losses can exceed deposits


Losses can exceed deposits


Your capital is at risk

What Can You Trade With HYCM?

Note: HYCM provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may 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 currency pairs is of interest to you then HYCM offer over 40 currency pairs.

Compare HYCM, Exness, CMC Markets & fx private below.

HYCM Exness CMC Markets fx private
Platforms MT4, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Binary, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Instruments Available 100 100 100 122
Forex & Crypto
Forex Pairs Available 40 110 35 92
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? Yes Yes Yes Yes
Offers Exotic Forex Pairs? Yes Yes Yes Yes
Offers Cryptocurrencies? Yes No No Yes
Commodity CFD's
Commodities Offered 10 0 0 38
Trade Metals? Yes No Yes Yes
Trade Energies? Yes Yes Yes Yes
Trade Agricultural? Yes Yes Yes No
Indiced & Stock CFDs
Stocks Offered 10 0 0 38
Trade UK Shares? No No Yes No
Trade US Shares? Yes No Yes No
Trade German Shares? No No Yes Yes
Trade Japanese Shares? No No No No


Losses can exceed deposits


Losses can exceed deposits


Losses can exceed deposits


Your capital is at risk

Reviewing The HYCM Mobile App

Note: HYCM's mobile app has a lot of functions and is being constantly developed. The table below was accurate at the time of writing this HYCM review.

Understand the capabilities of the mobile apps of HYCM, Exness, CMC Markets & fx private below.

HYCM Exness CMC Markets fx private
Basic Alerts / Push Notifications Yes Yes Yes Yes
Watchlists
Has A Watchlist Yes No Yes Yes
Watchlist Syncs Across Platforms Yes Yes Yes No
Indicators And Charts
App Indicators Yes No Yes Yes
Can Draw Trendlines Yes Yes Yes No
Can Move Trendlines Yes No Yes Yes
Has Multiple Timeframes Yes Yes Yes No
Saves Charts Yes No Yes Yes
Other Broker Mobile App Functions
Has Economic Calendars Yes No Yes Yes


Losses can exceed deposits


Losses can exceed deposits


Losses can exceed deposits


Your capital is at risk

Alternatives To HYCM

If, after studying this HYCM review, they don't fulfill your needs check out these HYCM alternatives.

We have scoured the web to find the best alternatives to HYCM. Click the hyperlinks below to learn more.

Frequently Asked Questions about HYCM

Can I try HYCM before I buy?

Yes, you can most certainly try HYCM before you buy. HYCM provides demo accounts for the ease of new traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you register to get a demonstration account on HYCM, you may set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you before you choose to spend your own money.

With this virtual HYCMdemo account, you are able to experiment in any way, to whatever length you wish. You can even open positions, test different trading strategies, and more.

HYCM specifies on its official site that you are able to exchange real time stocks in a demo account.

Is HYCM safe?

It is possible to drop all of your worries because we believe that HYCM is completely safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.

Nevertheless, HYCM doesn't 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 withHYCM is perhaps simple enough to be a cakewalk. 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.

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 hold over the details of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with HYCM.

The best way to kickstart your trading career with HYCM is to open a demo account facility before risking any real money

What funding methods do HYCM accept?

There are multiple methods to fund your accounts with HYCM. The process is effortless and quick, with different payment methods at your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal is not available in all place. The currencies HYCM

Is my money safe with HYCM?

Yes, your cash is safe and secure with HYCM. As you already know, HYCM works with proper conformation to. It's established plenty of steps to protect all of its investors.

HYCM safeguards its customers' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you wish to further protect your account, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to get your accounts.

Is HYCM trading good?

Yes, trading through HYCM is a nice and good experience indeed. It is an excellent and intuitive platform with useful features for your simplicity. In addition, you could even obtain access to a vast collection of educational tools and assistive material to kickstart your trading expertise.

If you are still skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform for yourself.

Which Countries does HYCM support?

HYCM operates around the globe. However, due to regulations there are some countries that HYCM does not accept clients from

Is HYCM legit?

HYCM is a legit company headquarted in UK since 1977. They are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. HYCM is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is HYCM a good broker?

HYCM is an excellent agent, and its users may vouch for it. The highlight of the platform is its quick order execution on trades.

You'll find the clean design of this platform along with the admirable features a pleasure 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 reaffirm their trustable 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 the withdrawal from HYCM to show in your bank account.

Are 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 44 years of experience on its record. They're among the world's top trading platforms and a dominant figure in the Fintech revolution.

It simplifies this status to its unbelievable platform and broad 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?

Using HYCM, several traders make a lot of money. However, typically, through consistent trading, you also can create between 2% - 10% profit a month.

This may seem like a small number, but over the entire year, this adds to a substantial amount of gains. Even though HYCM provide you all the tools to make money, they can't guarantee you will profit.

Does HYCM have fees?

Yes. To begin trading with HYCM, you have to deposit $100. Particular commissions while trading additionally 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 globally recognised agent with 10,000+ customers.

Where is the HYCM head office?

HYCM has its head office in UK

Does HYCM offer negative balance protection?

No. HYCM does not provide negative balance protection. If your balance is negative, HYCM indicates you contact customer services. With this, you can fix any imbalances in your account.

Does HYCM offer guaranteed stop loss?

HYCM regrettably, does not provide guaranteed stop loss. HYCM provides a chance for its dealers to close their trade 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 don't condone scalping. It is a trading technique which isn't allowed on the agent's platform. You should consult with HYCM's provisions and conditions to see more about its own policies.

Does HYCM allow hedging?

No, unfortunately HYCM does not allow hedging.

Can you trade energies with HYCM?

Yes, you can trade energy stocks with HYCM

Can you trade agricultural shares with HYCM?

Yes, you can trade agricultural stocks with HYCM

Can you trade cryptocurrency with HYCM?

Yes, you can trade cryptocurrency with HYCM

Can you trade metals with HYCM?

Yes, you can trade metals with HYCM

Can you trade UK Shares with HYCM?

No, unfortunately you cannot trade UK shares with HYCM

Can you trade US Shares with HYCM?

Yes, you can trade US shares with HYCM

Can you trade Japanese Shares with HYCM?

No, unfortunately you cannot trade Japanese shares with HYCM

Can you trade German Shares with HYCM?

No, unfortunately you cannot trade German shares with HYCM

Does HYCM accept bank transfers?

Yes, HYCM accepts bank transfers for depositing money.

Does HYCM accept credit cards?

Yes, HYCM accepts credit cards for depositing money.

Does HYCM accept PayPal?

Yes, HYCM accepts PayPal for depositing money.

Does HYCM accept Skrill?

Yes, HYCM accepts Skrill for depositing money.

Does HYCM accept Payoneer?

Yes, HYCM accepts Payoneer for depositing money.

Does HYCM accept Neteller?

Yes, HYCM accepts Neteller for depositing money.

Does HYCM offer Live Chat customer support?

Yes, HYCM offers customer support through live chat.

Does HYCM offer phone customer support?

Yes, HYCM offers customer support over the telephone.

Does HYCM offer email customer support?

Yes, HYCM offers customer support through email.

What languages can HYCM communicate in?

HYCM has the ability to communicate and support customers who speak: English, Chinese, Chinese (Traditional), Arabic, and Russian

Does HYCM have a wikipedia page?

No, HYCM does not have an official wikipedia page.

Does HYCM offer demo accounts?

Yes, HYCM offers virtual portfolio accounts so you can test your trading strategies before risking any real money. New 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 getting a live account.