HYCM Review 2019
Traders are strongly advised to take the time to learn enough so that they understand the risks and market trends before investing money.Broker Reviews shares the opinions of our writers concerning brokers, but we are not responsible for any activity on those brokers’ websites or trading platforms. However, traders trade at their own risk, and Broker Reviews bears no responsibility whatsoever for any funds lost trading commodities, futures, or any other tradable assets with the https://forexarticles.net/ reviewed brokers. HYCM is backed by the Henyep Capital Markets Group, a global company with investments in property, financial services, charity, and education. It is regulated by internationally recognized financial regulators CySEC and FCA, and has representations in Hong Kong, United Kingdom, Dubai, and Cyprus. This solid background is what makes HYCM reliable so customers are assured that they are only getting the best trading solutions the forex trading industry can offer.
Reprint of the materials is available only with the permission of the editorial staff. For the novice traders HYCM offers free educations consisting of trading courses, software tutorials, trading books, learning videos and many more. Professional traders will also find at HYCM useful materials to perfect their trading skills.
The Group is dedicated to delivering best-of-breed services to its clients and the community alike.” Going with a leader like HYCM will always be rewarding. Since HYCM has over 40 years of operational experience on the global stage, it has longstanding banking relationships that can provide the best pricing for its diverse list of investment instruments. From forex to stocks, metals, commodities and indices, any trader would will be satisfied with the popular asset choices available and confident that he would be getting a cost advantage. Innovation and customer service are also major attributes of this firm, and its new proprietary trading platform is emblematic of its leadership position in international capital markets. You may also stick with Metatrader4 products, if that is your preference, but each platform offering is augmented with special features that only a firm like HYCM can provide.
On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Great spreads for premium account or VIP account.
– Strong point is that they give you the option to trade all capital markets not just FX which is interesting. As well as taking care of customer problems, HYCM also believe in educating their clients, and to this end there is a great variety of online videos and eBooks available.
HYCM is able to offer traders a wealth of trading opportunities, from stock and commodities to a long list of currency pairs. Both novice and more experienced traders can benefit from the services of such a market leader. With sections of the site dedicated to trader education, a selection of account types, segregated accounts, excellent customer service, a selection of MT4 trading platforms, low spreads, and much more, there is bound to be something for everyone. FCA (license 186171) – The Financial Conduct Authority is a financial regulator which regulates the activities of brokers on the Forex market, thereby protecting the interests of investors and traders.
HYCM (Europe) Ltd is authorised and regulated under the Cyprus Securities and Exchange Commission under license no. https://forexarticles.net/ 259/14. HYCM is a division of The Henyep Capital Markets, a global investment company that was established in 1977.
There are some traders who didn’t have a good experience with HYCM for reasons that are beyond the company’s control and power. These people might post some negative reviews about HYCM in forums and social media and call it a scam. The famous phrase ‘you can’t please everybody’ applies here.
They offer the majority of the popular trading assets, from forex, cryptocurrencies, indices, commodities, metals, and stocks. However, there is a low number of stocks, which prevents traders from investing in a varied asset portfolio. There is a comprehensive education section on HYCM’s website which features a wide range of videos and eBooks, as well as MT4 video tutorials. The education suite is also home to textual guides that should appeal to both beginner and seasoned traders. From tips for traders and managing risk to advanced technical analysis, the site appears to have good educational content for everyone.
- HYCM brings over 40 years of operations and a lineup of global brands.
- As the HYCM website attests, “With over 35 years of operational history and under the leadership of a visionary management team, Henyep has become synonymous with professional and quality services.
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- If you are in the market for a high-class brokerage firm that has been around for ages and does not have the need to impress you with claims of greatness, then HYCM.com (formerly HYMarkets.com) may be the ideal choice for you in these uncertain times.
- There are some traders who didn’t have a good experience with HYCM for reasons that are beyond the company’s control and power.
HYCM’s Trading Platform
Over 40 years of solid forex trading experience. Established in 1977, Henyep Gold Dealers first invested in the Hong Kong Gold and Silver Exchange Society. By hycm forex 1981, Henyep has already built its 25thoffice overseas showing its rapid growth. Henyep Investment (UK) Ltd then got its license from the UK’s FCA in 1998.
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Founded in 1977, HYCM is regulated by two tier-1 regulators, making it a safe broker (average-risk) to trade forex and CFDs with. Exness brings you tomorrow’s money, today Trade the world’s leading cryptocurrencies with Exness and enjoy competitive spreads, high leverage, and weekend trading.
HYCM has been cited by many of these award-giving bodies for being the Best Forex Broker, having the Best Trading Platform, and giving the Best Customer Service. Henyep Capital Markets (DIFC) Limited is authorized and regulated by the Dubai Financial Services Authority with license number 000048. HYCM has certainly earned it place on the market considering the 40 years of experience that the company has. Unfortunately, all that time spent operating does not guarantee it will be any better than the competition, which it isn’t. Most of what the company provides you with is enough to sustain your trade operations for a bit, but as time passes, you will begin to notice some of the drawbacks.
Deposits and Withdrawals on HYCM
In the Middle East it is not available in Iran, Iraq, Syria, Afghanistan, Turkey, Tunisia or Yemen. In Africa it is not available in Ethiopia, Trinidad or Tobago, and in Asia it is not available Sri Lanka, Hong Kong, Japan, Laos or North Korea.
Knowledgeable trading agents are always ready to chat with customers on issues and areas of the company and forex trading as a whole that they don’t understand. Funding accounts have been made easy for customers by offering a selection of methods in which funds can be transferred.