HYCM Review 2019: A Must Read Before You Trade With HYCM
VIP accounts are assigned a dedicated account manager to handle their trades. They also have access to comprehensive and on the spot market analytics so they can make decisions at the right time and on the fly.
HYCM customer service is excellent. Its excellence is in regards to the top level professionalism of its customer service personnel, timely response and closure of issues raised. Unlike other forex brokers who will request details from you when initiating a chat, this broker will not require any details from you, you just head straight to the issue.HYCM provides four methods of contact to their customer service; chat,call support, email support and social media.
This is expected since the company has been in operation for so long and have built an extensively well-regulated operation over the years. Have you heard of the forex broker, HYCM? HYCM is a forex broker founded in 1977.
For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this HYCM broker review. Please go through this article on how we conduct our broker reviews. FCARegulatory AuthorityMIFID IIYes50000Dep.
In a measure to keep itssecurity features water tight and adhere to anti money laundering rules, HYCM has introduced the following rules to ensure that money isn’t laundered. Money should be withdrawn back to its original source of funding,withdrawals should not be channeled to a different account other than the trader’s.In hycm site cases of excess profits, money will be withdrawn to a bank account of the trader. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
Terms & conditions applyCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when https://forexarticles.net/ trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Moreover, MT4 suitable for beginner traders and including security and 24-hour support, automated trading capable, integrated technical analysis tools and indicators, streaming market news, personal VIP dealer services, expert advisors and many more. The main office is Henyep Capital Markets, headquartered in London, and respectfully regulated by the FCA, which guarantees to its customers the appropriate legal security and provide convenient conditions for cooperation. Other, additional branches holding appropriate licenses from Dubai, Cyprus, etc. which confirms an unparalleled follow of the operational guidelines.
- Nevertheless, HYCM is following the footsteps of other FX brokers by offering a loyalty program that provides a cash rebate by accumulating certain lot conditions.
- Of the two recent awards are the Best Forex Broker award (UAE 2017) provided by the Global Banking and Finance Review and Best Mobile Trading Platform (2017) awarded from the World Finance.
- Although many trading products are very simple and attractive, the available information about often fails to properly match the practice.
- Binaly.com provides both novice and experienced traders with all the information necessary to achieve great investment returns.
- After all, HYCM brokerage company has a strong and very reliable reputation in the financial market.
The letters stand for “Henyep Capital Markets”, the retail-trading arm of the Henyep Group, a globally diversified conglomerate with over 40 years of operational experience in financial services, property management, education, and charitable activities. The firm is headquartered in London, but is also authorized and registered in London, United Arab Emirates, and Hong Kong and complies with regulatory agencies in each jurisdiction. Most of the negative reviews about HYCM come from a small number of its customers.
Trade! Trade! Terms & conditions applyCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
ProtectionHYCM has the trader’s interest at heart, as a result it takes seriously the security of trader’s personal and financial information.It has invested in state of the art, IT security hardware and software to safeguard its customer information. Their servers are protected using 128-bit keys which are dynamically generated, a security feature used in the banking operations. Personal information is encrypted using VeriSign which issues 128-bit-SSL certificates.A HYCM review shows further security measures are taken such as protection of minors is guaranteed by making sure every customer that signs up provides a copy of national ID, passport and a proof of residence document such as bank statement. There is a free demo account available for strategy testing and for inexperienced traders who might want a feel of the real trading environment.
The mother company of HYCM is the Henyep Capital Markets Group, which is a globally recognized company in investments in property, financial https://forexarticles.net/ services, and education. HYCM is regulated by some internationally recognized financial regulators, including CySEC and FCA.
In simple words, strict regulation means customer are protected while deposits are always segregated, stored separately from the company’s funds and not available for personal or business use by HYCM. In addition, company clients are participants of the FSCS compensation program. Thus, in case HYCM by virtue of certain circumstances is unable to provide further financial services, customers may receive compensation.
Before you can trade with HYCM for the first time, you need to answer a few questions. You enter your name, email, country of origin and phone number. Then you answer a few questions about your background and financial knowledge.
Besides, it has a Cypriot unit, regulated by the CySEC, and a subsidiary based in Hong Kong, that is duly licensed by the local regulator – the SFC. The HY Pro Trader is a high-tech institutional grade platform for professional traders who have at least $5,000 dollars in their account. Pricing is from a large number of global banks and market participants and both single or double click trading are done on live executable prices. The Hy Pro Trader can be set up to enable the upmost trade efficiency and traders can benefit from convenient visual access and the ability to open, close, modify or cancel orders with ease.
HY Markets: trade forex, oil, and stocks with the same broker
Like most brokers, HY Markets takes a fee from the spread, which is the difference between the buy and sell price of an instrument. Before we dive into some of the more detailed aspects of HY Markets’s spreads, fees, platforms and trading features, you may want to open HY Markets’s website in a new tab by clicking the button below in order to see the latest information directly from HY Markets.