About HYCM
HYCM is a trusted broker that has been established since 1977 in London. HYCM has obtained over 40 years experience through providing easily accessible range of products and services.
HYCM delivers a first-class trading experience with a wide range of assets to trade from and offers over 300 trading instruments. HYCM provides services in over 140 different countries and operates in 5 financial institutions to facilitate both retail and international clients worldwide.
Security of Client’s Funds
HYCM offers robust security when it comes to their client’s funds. Client funds are kept in segregated accounts with tier 1 banks for (FCA) and (CySEC). Clients funds are also protected by the Financial Services Compensation Scheme (FSCS) and the Investors Compensation Fund (ICF) in case of any claims needed to be settled.
Trading Platforms & Tools
HYCM offers the MetaTrader 4 and the MetaTrader 5 trading platforms.
The MetaTrader 4 and Metatrader 5 platforms offers:
- Cutting edge Technology
- Technical Analysis (live charts)
- Automated trading
- Expert advisors
- Mobile trading- ios/android
Tools
- Calculators
- Economic Calendars
- News
- Market Outlook
Accounts
HYCM provides Fixed account, Classic account and Raw account along with live and demo accounts. The company also offer special accounts for VIP and Corporate clients who actively trade on a larger scale.
Education
- Forex Education
- Webinars and workshops
- seminars
Costs
HYCM provides speedy execution of deposits and withdrawals on trading accounts through bank transfer, visa/master card, neteller and skrill with 0% commission. No deposit fee is charged to clients, however withdrawal fees may vary depending on payment methods. HYCM offers maximum leverage of 1:200 and spreads from as low as 0.2 mps. However, there is a fee that is charged for any account that has not been functional for more than six months.
Client Support
HYCMl provides 24/5 client support in different languages through live chat, email and phone. Clients can also get support on walk-ins at their different office locations.
Regulation
HYCM is regulated by the Financial Conduct Authority of the UK (FCA), Cyprus Securities and Exchange Commission (CySEC), Dubai Financial Services Authority (DFSA) and Cayman Islands Monetary Authority (CIMA).
Conclusion
HYCM is a reliable broker with strong financial regulations. with a wide range of assets to trade from, over 300 trading instruments along with multiple high-end platforms, tools and accounts being accessible to traders, HYCM is on top of being highly trusted and efficient in the trading market.
