And now, I can trade with confidence, knowing that I’m well protected against non-trading risks. The broker doesn’t offer any bonuses, but I don’t care about it. What’s more, I think that the absence of bonus promotions indicates that the broker caters to experienced traders. I do not have a strictly negative or very positive opinion about this brokerage company. I have something to compare it with, so I can say that it is a somewhat neutral company with pluses and minuses.
It providesMetaTrader 4 and MetaTrader 5third-party trading platforms. https://forexreviewdaily.com/hycm/ We reviewed MetaTrader 4 because of its high popularity.
Desktop trading platform
Although, for a broker, this is a small disadvantage since it reduces its popularity. Knowledge of the use and optimal leverage is the key to a successful trading strategy in the financial market. So, regulators restrict brokers in the leverage, reducing the trader’s risk from unnecessary risks and psychological pressure. I withdrawn my money, but recently made a re-deposit as decided to keep on trading, maybe I would succeed this time as well.
- In my opinion, nothing is better than time-tested universal platforms.
- Once the users are on the overview page, they are directed to the download link where there are onscreen instructions available on how to set up the MT4 window.
- There are also variable spreads on standard accounts and RAW accounts assume you pay minimal spreads and additional commission.
- Of course with other respectable brokers, you never face those type of issues ( especially when it is very obvious it’s intentional and timely)..
- The broker is also compatible with automated trading applications like trading robots and EAs .
So if you want to trade cryptocurrencies, we advise trading with HYCM. When I decided to open account with this broker, I had no idea how reliable this company is. I believe that to open such account, the best thing is to contact customer service. It’s a special broker bonus for deposit replenishment.
How to start your HYCM account?
On a Raw account, it is convenient to make short trades. Forex brokers I make the quick placing of orders and their closing.
This broker offers fairly good trading conditions and is regulated. Broker HYCM has trading platforms Metatrader 4 and 5.
If you want to make money on this, you will have to spend more than one hundred or even a thousand hours reading or watching economic news, events and learning new strategies/systems. hycm stock price The broker doesn’t try to cheat me when I trade and it pays out earnings. In fact, it’s a pretty standard company that won’t be able to surprise you.
Brokers By Licenses
He told me about Forex, about trading in this brokerage company and explained that he hides it because many people do not take it seriously and this is one of the most polite reactions that he faced. And he just doesn’t need it, he does what he likes. In general, he also offered me to try, at least for a small amount. I have always had good analytical skills, so there was every chance to understand everything and realize myself. It turns out that you can create a business under any circumstances, especially if you have a desire. There is a dedicated HYCM customer support center available in multiple languages on the broker platform that is active all throughout the day , 5 days a week. Retail traders can contact the HYCM customer support team by email, phone, fax, or live chat.
Account Types and Customer Services Available at HYCM
It is easy to lose them while making a more or less substantial profit on them is very difficult. So I don’t see the point of investing 100 dollars in HYCM. It’s better to trade on the demo until you accumulate the necessary capital. Fixed spreads for EURUSD are 1.8 and I doubt the classic ones can compete with this number. For me it’s much easier https://en.wikipedia.org/wiki/Foreign_exchange_market to have fixed predefined spreads rather than think about trading costs each time I enter the market. The broker is reliable regarding the withdrawals as well, which is why I can recommend it with a clear conscience. The only thing you have to keep in mind is that the deposit and withdrawal methods are rather limited here in my opinion.
There are also variable spreads on standard accounts and RAW accounts assume you pay minimal spreads and additional commission. There are no per trade commissions of other two account types. FAST EXECUTIONS This is the other important thing that I need to mention as a pro of this broker. Those who have enough experience on the market will understand how this can affect your trading results. HYCM fixed spread account requires a minimum deposit of 100 USD.
HYCM Review: Free Trading Signals and Generous Welcome Bonus
HYCM or formerly HYMarkets is rightfully considered one of the leaders among forex brokers and at the moment shares more than 40 years of experience in the market. The broker is a member of the Henyep Group, the international hy markets financial holding company established in 1977 which headquarters in London, UK operating in financial services, education and real estate. 74-89% of retail investor accounts lose money when trading CFDs.
When reviewing HYCM, we were very glad to find out that this Forex broker offers traders some of the leading trading platforms https://forexreviewdaily.com/ available in the market. This ensures that traders are able to access the highest quality of services at all times.
MetaTrader 4, which is an industry-leading software is loved for many reasons, but mainly for its ease of use and comprehensive features. Web Platform is a great choice due to its easy access via any browses and does not require any installation or specific settings. HYCM overnight fee or a swap rate determined by the overnight interest rate is involved in a long opened position , whether its a buy ‘long’ or sell ‘short’. The Forex brokers fee originally varies from one currency to another, for example, EURUSD buy order will equal -3.25%, while selling will add 1.25% respectively. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.