HYCM – Forex Broker review

HYCM – Forex Broker review
3.3 (66.67%) 3 votes

Read HYCM forex broker review, rating and detail information for their services below. HYCM (formerly HY Markets) is a large forex broker offering trading more than 100 financial instruments wide range of currency pairs, various CFDs on indices, commodities, stocks and precious metals, available on MT4 and its proprietary web platform.

HYCM has headquartered in London, UK, and is authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom. HY Markets is a trading name of Henyep Capital Markets UK Ltd., a division of the Henyep Group, a global diversified conglomerate with over 30 years of operational history in financial services, spanning 3 continents and 20 countries world-wide. Henyep Group maintains offices in Dubai and Hong Kong.

HYCM Detail Information

Company HYCM
Founded in 1977
Online since 1999
Offices in Hong Kong, United Arab Emirates, United Kingdom
Payment options Credit/debit cards, PayPal, Skrill, WebMoney, Wire transfer
Demo platforms MetaTrader 4
Account currencies United States dollar
Currency pairs
AUD/CAD AUD/CHF
AUD/JPY AUD/NZD
AUD/USD CAD/CHF
CAD/JPY CHF/JPY
EUR/AUD EUR/CAD
EUR/CHF EUR/GBP
EUR/JPY EUR/NZD
EUR/USD GBP/AUD
GBP/CAD GBP/CHF
GBP/JPY GBP/NZD
GBP/USD NZD/CAD
NZD/CHF NZD/JPY
NZD/USD USD/CAD
USD/CHF USD/INR
USD/JPY USD/RUB
USD/TRY
Regulated by FCA (UK), 186171
Website available in Arabic, Chinese, Russian
Support available in Arabic, Chinese, English
Support methods Callback, Email, Live chat, Phone
Trading server time zone GMT

HYCM Features

  • Islamic accounts available
  • Trading Central indicator
  • Support Cryptocurrency

Account Types

  • Mini Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Standard Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Premium Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • HY Pro Account
    • Hedging
    • Overnight interest rates (swaps)
    • Trailing stop
    • Pending orders
    • One-Cancels-Other (OCO) orders
    • One-click trading
    • Browser-based platform

HYCM Review and Rating

HYCM is a trustworthy company with strong regulation. They have operated from last 35 years and part of a big international group. HYCM is also a good broker for small retail traders. New forex traders can open a live trading account with a small initial deposit of $100. Their customer support team do the best to resolve any issues for their clients.

Support
70%
Platform
90%
Bonus
50%
Commission
70%
Leverage
70%

Pros

  • Response Customer Support
  • Choice of Trading Accounts including MT4
  • Several Platforms
  • Strong regulation
  • Demo account available
  • Low Minimum Deposit
  • Bonuses available

Cons

  • Less educational content
  • Limited Bonuses
  • Minimal withdrawal amount is $250
  • Lacking Promotional Offers
  • No localized telephone support
7.0

Average Score

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