HYCM
Highlights
- 40+ years Experience
- Trustworthy and reliable
Description
HYCM was founded in 1977 and works under the regulations of multiple financial authorities like the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority(FCA) Cayman Islands Monetary Authority (CIMA) and Dubai Financial Services Authority (DFSA).
Highlights
- 40+ years Experience
- Trustworthy and reliable
- Competitive Pricing
Pros
- commission-free trading account available
- Negative balance protection
- Great educational tools
Cons
- Inactivity fee is charged
- Third-party trading platform
Main Features
Country of Regulation: UK, Dubai, Cyprus, Hong Kong
Trading Fees: Low
Inactivity Fees charged: Yes
Minimum Deposit: $100
Products: Forex, Stocks, Indices, Cryptocurrencies, Commodities, ETFs
Review
Fees
HYCM charges no CFD commission fees and deposit fees but there is a charge for the inactivity of account.
A/C opening
The account opening process at HYCM is fully digitalized and seamless. The minimum deposit is $100. HYCM offers three account types i.e Fixed, Classic, and Raw. The HYCM account can be opened online.
Deposit & withdrawal
HYCM provides various options for deposits and withdrawals which include bank wire transfer, debit/credit cards, skrill, Neteller and Webmoney. Deposits are free of charge and Withdrawal below $300 is free of charge.
Trading Platform
HYCM offers advanced trading Platforms i.e and MetaTrader 4 and MetaTrader 5. It also offers mobile applications available for both apple and android.
Research
HYCM research has a great market analysis in video format. The platform provides quality news fees, trading calculators, and other useful research tools.
Customer service
You can connect with the HYCM customer service through email, phone, and live chat.
Education
HYCM provides a wide range of educational tools like ebooks, webinars, educational videos, and a demo account.
Safety
It is one of the safest trading platforms.