HYCM Review 2024 - Investing.com (2024)

HYCM Capital Markets is a Cyprus-based online broker offering a diverse range of assets, including CFDs on stocks, metals, gold, oil, forex, and cryptocurrencies. Regulated by various authorities worldwide, including CySEC, CIMA, FCA, and the Dubai Financial Services Authority, HYCM boasts over 40 years of cumulative group experience, providing traders with reliability and expertise that set it apart from competitors.

Pros and Cons

Pros

  • Low Minimum Deposit: With a minimum deposit requirement of just $20, HYCM offers accessibility to a wide range of traders, from beginners to seasoned investors.
  • Competitive Spreads: HYCM boasts a minimum spread of 0.1, ensuring that traders can potentially save on trading costs.
  • No Commissions: Trading with HYCM means no additional commission fees on certain account types, allowing traders to keep more of their profits.
  • Diverse Asset Selection: This broker provides traders with access to over 1300 assets, including stocks, metals, gold, oil, forex, and cryptocurrencies.
  • Mobile App: HYCM offers a mobile app compatible with both Android and iOS, enabling traders to stay connected and make informed decisions on the go.

Cons

  • Limited Support Hours: Customer support is available 24/5, which may be less convenient for traders in need of assistance outside regular business hours.
  • Restrictions on Service: HYCM does not serve clients from certain countries, including the USA, due to regulatory reasons

Recommended For

HYCM Capital Markets is well-suited for a wide range of traders. Its low minimum deposit of $20 makes it accessible to beginners looking to dip their toes into the trading world without a substantial financial commitment. Seasoned traders will appreciate the competitive spreads and the variety of over 1300 assets available for trading, including cryptocurrencies. The absence of commissions and a mobile app for on-the-go trading are additional advantages. However, it’s worth noting that the limited support hours may be a drawback for those who require assistance outside of regular business hours. Overall, HYCM is an excellent choice for traders globally, with the exception of those residing in countries where the broker’s services are restricted.

Regulated By

  • Financial Conduct Authority (FCA) UK
  • Securities and Exchange Commission (CySEC) Cyprus
  • Financial Services Authority (DFSA) Dubai
  • Cayman Islands Monetary Authority (CIMA)

Account Options

  • Broker Type MM
  • Minimum Deposit $20
  • Maximum Leverage 1:500
  • Forex Majors Spread EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, and NZD/USD
  • ScalpingNo
  • HedgingNo
  • Free Demo AccountYes
  • Traders From USANo

Top Features

  • Low Minimum Deposit: With a minimum deposit requirement of just $20, HYCM offers accessibility to a wide range of traders, from beginners to seasoned investors.
  • No Commissions: HYCM prides itself on offering commission-free trading on certain account types, allowing traders to focus on potential profits without the burden of extra fees.
  • Mobile App: The mobile app ensures that traders can manage their portfolios and make informed decisions on the go.
  • Personal Account Managers: HYCM provides personal account managers, offering tailored support to clients, which can be especially valuable for novice traders.
  • Multiple Account Types: Traders can choose from Fixed, Classic, or RAW accounts, each tailored to different trading preferences, whether it’s fixed spreads, variable spreads, or raw spreads.

Overview

  • Type of BrokerMM
  • Regulation & LicensingFinancial Conduct Authority (FCA) UK, Securities and Exchange Commission (CySEC) Cyprus, Financial Services Authority (DFSA) Dubai, Cayman Islands Monetary Authority (CIMA)
  • Assets OfferedCFDs on Gold, Oil, Metals, Indices, Stocks (including 1:1 stocks and low-cost fractional shares), Forex, and Crypto (Crypto not available for EU and UK)
  • Platforms AvailableMT4, MT5, HY Trader App
  • Mobile CompatibilityAndroid, iOS
  • Payment Types AcceptedBank Wire, Visa, Mastercard, Neteller, Skrill, Crypto, Perfect money, and more.

Account Types

Fixed

Classic

RAW

Account Currencies

EUR, USD, GBP, AED, JPY

EUR, USD, GBP, AED, JPY

EUR, USD, GBP, AED, JPY

Minimum Deposit

$20

$20

$20

Available Leverage

1:500

1:500

1:500

Commission Per Trade

$0

$0

$4 per round

Decimal Pricing

1.5 pips

1.2 pips

0.1 pips

Trading Instruments

Forex, Indices, Commodities, CFD on Stocks

Forex, Indices, Commodities, CFD on Stocks

Forex, Indices, Commodities, CFD on Stocks

Min. Lot Size Per Trade

0.01

0.01

0.01

Spreads

1.5 pips

1.2 pips

0.1 pips

Demo Account

Yes

Yes

Yes

Swap/Rollover Fee

Yes

Yes

Yes

Copy Trading Support

No

No

No

Trading Platforms

  • MetaTrader4 (MT4)
  • MetaTrader5 (MT5)
  • HY Trader App

Trading and Investment Tools

  • One Click TradingYes
  • Trade off ChartsNo
  • Email AlertsYes
  • Mobile AlertsYes
  • Stop OrderYes
  • Market OrderYes
  • Trailing Stop OrderYes
  • OCO OrdersYes (EA only)
  • Limit OrderYes
  • 24hr TradingYes
  • Charting PackageYes
  • Streaming News FeedYes

Compliance & Regulation

HYCM Capital Markets is regulated by various authorities worldwide, including CySEC, CIMA, FCA, and the Dubai Financial Services Authority. This regulatory oversight ensures that the broker adheres to strict financial standards and compliance requirements, offering a level of transparency and security to its clients. Being regulated by a respected authority like CySEC means that HYCM is accountable for its operations, financial stability, and client protection. This regulatory framework provides traders with confidence in the broker’s legitimacy and commitment to maintaining a fair and secure trading environment.

Fees & Commissions

  • Margin Interest0%

Pricing

HYCM positions itself as a competitive broker in terms of pricing. With a minimum deposit requirement of just $20 and spreads starting as low as 0.1 pips, it caters to traders looking for cost-effective trading solutions. Moreover, the absence of commissions and the availability of zero commissions on some account types enhance its affordability. This pricing structure makes HYCM an attractive choice for traders seeking accessible entry points into the financial markets.

Service Details

  • Supported LanguagesArabic, Farsi, Swedish, Italian, English, Spanish, Polish, Russian, German, Vietnamese, Czech, Chinese, French, Japanese
  • Customer Service Hours 24/5
  • Email Response TimeWithin 1 hour
  • Telephone OrdersNo
  • Personal Account ManagerYes

Reliability & Security

To ensure the security and reliability of its services, HYCM employs robust security measures. These include stringent regulatory oversight by CySEC, ensuring compliance with industry standards. Additionally, the broker prioritizes client fund security by maintaining segregated accounts with reputable banks. Negative balance protection safeguards traders from excessive losses, providing an added layer of risk management. HYCM’s commitment to security and regulatory adherence contributes to a trustworthy and dependable trading environment for its users.

User Experience

HYCM offers a user-friendly website design, making navigation and information accessibility straightforward. The broker’s customer support is reliable, with 24/5 availability and swift email responses. The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are renowned for their ease of use and efficiency, catering to both novice and experienced traders. The account opening process is also hassle-free, with a low minimum deposit requirement, ensuring a seamless onboarding experience for traders of all levels.

Final Thoughts

In conclusion, HYCM Capital Markets presents an attractive proposition for traders. With competitive pricing, a wide range of tradable assets, and a user-friendly trading environment, it caters to diverse trading needs. The broker’s strong regulatory oversight, reliable customer support, and emphasis on security inspire confidence. While it may not offer some features like copy trading, it compensates with low minimum deposits and generous bonuses. HYCM is a reliable choice for traders seeking accessible and secure market access.

Contact Info

laptopEmail:[email protected]

callTelephone:+44 208 816 7812

location_onCompany Address:
St Clement’s House, 27-28 Clements Ln, London EC4N 7AE, UK

FAQs

Q: Is HYCM available for traders in the United States?
A: No, HYCM does not provide its services to traders in the United States due to regulatory restrictions.

Q: Does HYCM offer a demo account for practice trading?
A: Yes, HYCM offers free demo accounts, allowing traders to practice and familiarize themselves with the platform before trading with real funds.

Disclaimer:The contents of this page or available via this page (""Contents"") are provided by third parties and do not constitute an endorsem*nt by FUSION MEDIA of the Contents or products of such third parties. FUSION MEDIA has no control of the Contents, is not responsible for their accuracy, availability or legality and hereby disclaims any responsibility for the Contents. Any transactions that you enter into with any third party listed in this page or linked from this page are solely between you and such third party and are at your sole risk. Please also refer to our Risk Warning. FUSION MEDIA disclaims any liability for any damage or loss caused in connection with the use of or reliance on any Contents.Please be informed that Propriety trading is not fully regulated, the user will bear full responsibility of losses or gains achieved.

HYCM Review 2024 - Investing.com (2024)
Top Articles
File Upload as a Service: How It Works and 5 Leading Solutions | Cloudinary
How to Visit Orlando on a Budget
What Did Bimbo Airhead Reply When Asked
Prosper TX Visitors Guide - Dallas Fort Worth Guide
Botanist Workbench Rs3
Geodis Logistic Joliet/Topco
Fusion
Craigslist Nj North Cars By Owner
30% OFF Jellycat Promo Code - September 2024 (*NEW*)
Top Hat Trailer Wiring Diagram
Johnston v. State, 2023 MT 20
Best Food Near Detroit Airport
The most iconic acting lineages in cinema history
4156303136
The Banshees Of Inisherin Showtimes Near Regal Thornton Place
Connect U Of M Dearborn
SXSW Film & TV Alumni Releases – July & August 2024
Swedestats
Paychex Pricing And Fees (2024 Guide)
Kp Nurse Scholars
Saatva Memory Foam Hybrid mattress review 2024
Pickswise Review 2024: Is Pickswise a Trusted Tipster?
Accident On 215
Cbssports Rankings
Puss In Boots: The Last Wish Showtimes Near Cinépolis Vista
Directions To Cvs Pharmacy
Kirk Franklin Mother Debra Jones Age
Aes Salt Lake City Showdown
How do you get noble pursuit?
John Deere 44 Snowblower Parts Manual
The Clapping Song Lyrics by Belle Stars
Uncovering the Enigmatic Trish Stratus: From Net Worth to Personal Life
Neteller Kasiinod
Courtney Roberson Rob Dyrdek
Craigslist Middletown Ohio
Jeep Cherokee For Sale By Owner Craigslist
O'reilly's Wrens Georgia
Memberweb Bw
Petsmart Distribution Center Jobs
Litter-Robot 3 Pinch Contact & DFI Kit
Daily Jail Count - Harrison County Sheriff's Office - Mississippi
60 X 60 Christmas Tablecloths
“To be able to” and “to be allowed to” – Ersatzformen von “can” | sofatutor.com
Gregory (Five Nights at Freddy's)
Tableaux, mobilier et objets d'art
Fairbanks Auto Repair - University Chevron
705 Us 74 Bus Rockingham Nc
552 Bus Schedule To Atlantic City
San Diego Padres Box Scores
Wera13X
Ravenna Greataxe
Latest Posts
Article information

Author: Jonah Leffler

Last Updated:

Views: 6031

Rating: 4.4 / 5 (45 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Jonah Leffler

Birthday: 1997-10-27

Address: 8987 Kieth Ports, Luettgenland, CT 54657-9808

Phone: +2611128251586

Job: Mining Supervisor

Hobby: Worldbuilding, Electronics, Amateur radio, Skiing, Cycling, Jogging, Taxidermy

Introduction: My name is Jonah Leffler, I am a determined, faithful, outstanding, inexpensive, cheerful, determined, smiling person who loves writing and wants to share my knowledge and understanding with you.