HYCM review conducted by the expert team of TopForexBrokers.com for those traders want to open a trading account with HYCM broker, The HYCM forex broker formerly know about HY Markets, Read this Henyep Capital Markets Review to the end beforehand open a real or demo trading account with this broker. Our expert team of forex traders created trading accounts and used the HYCM trading platform and provide the following HYCM Review. The expert financial investors and forex brokers at our team have used all of the trading platforms to perform trading of financial assets on a diversity of markets around the world. Our Reviews of numerous trading platforms can be found on our website and you can mention back often for the latest market, trading news and platform in the world of foreign currency exchange.
HYCM Review By TopForexBrokers.com
HYCM or HenYep Capital Markets UK Ltd. was founded in the UK in 1997 and upholds its head office in London. HYCM is part of Henyep Capital Markets Group which is a global financial corporation that provides a wide range of financial services to its clients around the world and also offers services related to education, property management and charitable activities.
Though HYCM does not presently accept traders based in the United States (US), the firm upholds a universal corporate footprint on 3 continents around the world in major cities like Dubai and Paris in over 20 countries, counting Kuwait and Hong Kong.
This universal financial powerhouse is known by numerous names because of its parent company associations, comprising Henyep Group Dubai, Henyep Capital Markets Dubai, Henyep Dubai, HY Markets UAE, HenYep Capital Markets UK Ltd, HY Markets, as well as HYCM forex broker. PipTrade is a trading term of HenYep Capital Markets UK Ltd, which is a part of the Henyep Group. All of the HY CM forex associates previously declared are included in this HYCM Review and a more detailed review of PipTrade is comprised here.
The working history of HYCM.com broker instills confidence in traders who trust the firm’s successful and strong trading background, which provides a proven level of security and safety. Additional reliability and security is found in strict regulations executed upon HYCM.com and other financial organizations located in the UK by the Financial Conduct Authority (FCA), which has the status of being one of the strictest regulatory agencies in the world, as well as the SFC in Hong Kong, DFSA in Dubai and the MiFID in the European Union.
HYCM has proven to be a financial market leader that provides customers a trustworthy platform for Contracts for Difference (CFDs) and trading foreign currencies (forex), Exchange Traded Funds (ETFs) and Binary Options on a wide range of stocks, currencies, commodities, indices , precious metals, energy products (US oil and natural gas) and assets. HYCM.com forex broker allows customers to use one trading account to trade a large number of instruments and financial assets in multiple financial marketplaces around the world.
HYCM provides traders access to the newest and most effective tools used by expert traders and the world’s biggest financial institutions that include insights and patterns, ideas and strategies, as well as technical analyses by Trading Central and award winning market research, a global research authority that was founded in 1999 and maintains offices in London, New York, Hong Kong and Paris.
HYCM broker keeps operating capital in financial institutions and tier-one banks and completely separates customer funds from the funds of the firm. This practice joint with the stringent standards executed by the FCA confirm customer deposits and trades will be secure from shady trades.
- HYCM‘s excellent business relationships provides Multi-asset capabilities with its global major liquidity providers
- Online account management
- Mini, Standard of VIP accounts with minimum deposits as defined below.
- Complete advanced graphs and Charts
- Web based trading
- Skilled technical and market analyses
- Timely market information
- Free trading signals for VIP and Standard accounts
- Education Center
- 3 different trading platforms: MT4, Prime Trader and mobile apps
- Continuous market information and comment
- One on one trading support
- Rebates based on trading volume
- Hedging and Scalping allowed
- Skilled bilingual customer support staff
- No Slippage or Requites
- Mobile and e-mail alerts
- Mobile trading app
- Guaranteed Performance, Stop Loss and Limit Orders
HYCM’s trading platform provides a valuable Education Center that comprises tools and strategies for all level of trader, from novices to experts. The Education Center provides lessons through text or video on a wide variety of subjects that contain Trading Tools, Tips for Traders, Managing Risk and the extremely helpful Introduction to the Capital Markets. Moreover, HYCM.com’s Education Center provides a wide range of tutorials and eBook to help its customers in conducting, formulating and following trades.
HYCM provides customers the choice of 3 different accounts, based on trading knowledge, which are Standard, Micro and VIP Accounts, all of which are presented to Islamic traders and contain options for mobile trading.
This Standard Accounts offer better spreads for traders, along with extra valuable trading tools and need a minimum deposit of 1,000 dollars to open an account. Standard Account owners increase access to 120 trad-able financial assets and instruments with leverage of 1:300 and spreads of 1.5.
The Micro Accounts provided by HYCM are intended to suit the needs of beginners to the world of forex trading and require minimum deposits of 100 dollars. Micro Accounts allow customer access to over 50 gradable financial assets and instruments with maximum leverage of 1:500 and fixed spreads of 1.8 pips.
The VIP Account provided by HYCM will allow more expert and/or professional traders to access the complete range of trading assets offered by HYCM.com, with leverage of 1:300, minimum fixed spreads of 1.5 and minimum initial deposits of $10,000.
HYCM Demo Account
HYCM demo accounts are free of charge, This is a great advantage of the broker as demo Accounts are valuable tools for novices and expert traders similar to practice trading in a virtual scenario beforehand trading real assets in real marketplaces.
HYCM provides traders 3 different trading platforms from which to select which include its individual proprietary trading platform Prime Trader, as well as mobile trading apps and the MT4 platform.
HYCM forex broker delivers expert customer support services in a different of languages including Arabic, Chinese, Hindi, Russian and Urdu. Customer Service representatives emphasis on excellence in providing customer support and are presented 24/5 through email, live online chat, fax or telephone.
HYCM’s brand new leading trading platform provides traders access to completely automated trading tools that include advanced chart, integrated pricing and trade screens for trading a diversity of financial assets, and permits them to completely manage trading accounts online as well as conduct, research and follow trades in a variety of financial marketplaces.
HYCM offers a new, state-of-the art mobile app that permits traders complete access to its trading platform and trading skills using a variety of the most commonly used handheld mobile devices, including Apple, Androids and other Smartphones, tablets and pads that allow account access and management from wherever and at any time.
Spreads and Leverage
HYCM spreads on Mini Accounts initiate as small as 1.8 pips and start at 1.5 pips for VIP or Standard Accounts. Leverage on Mini Accounts can drive as high as 500:1 but VIP and standard Accounts are 300:1 or lesser, depending on the monetary asset being traded. Sometimes HY CM will spread traders leverage as high as 500:1, but attention should be taken with increased leverage amounts because they can importantly improve financial losses as much as increases.
HYCM MT4 Download
The MT4 trading platform is one of the most commonly used in the world and several other trading platforms are comprising it in the amenities they offer customers, including HYCM broker. The MT4 platform delivers live market news along with a variety of trading tools that comprise advanced charting competences, as well as Expert Consultants and expert technical analyses by experts at Trading Central.
Safety and Security
Traders using the HYCM stage can rest assured their trading activities are being supervised by one of the strictest regulatory agencies in the world, the FCA, as well as agencies in a diversity of other countries in which HYCM.com maintains offices.
HYCM isolates customer funds from its own and depend on some of the leading banks and other financial institutions for holding its capital. HYCM’s trading platform software comprises the latest encryption technology to protect individual information and trading activity data from hacker interference.
Promotions and Bonuses
HYCM doesn’t provide sign-up or other bonuses and the only advancement it offers is its “Refer-a-Friend” program that rewards customers for assisting introduce the HY CM broker to other people. For each new trading account that is opened and into which assets are deposited, existing account owners have the chance to earn up to $250 for the recommendation.
Deposits and Withdrawals
HYCM permits deposits into trading accounts through major debit and credit cards, WebMoney, PayPal, UnionPay, wire transfers and Skrill. Withdrawals can be requested by filling out an online form and will be transacted using the similar means as deposits. Strict international financial laws necessitate that proper ID documents.
Withdrawals and Bank transfers can take up to 5 days and under 7 days if using WebMoney or UnionPay. HYCM does not charge fees for account withdrawals excepting wire transfers which might be charged a fee of 30 dollars, if the withdrawal amount is under 300 dollars.
As before mentioned, Henyep Capital Markets UK Ltd has affiliates in twenty countries on three continents around the world. This influential financial firm has many company affiliations, comprising Henyep Group Dubai, Henyep Capital Markets Dubai, Henyep Dubai, HY Markets UAE and HY Markets and HYCM. The international firm maintains a website that provides several platforms for use in trading a wide range of monetary assets in multiple markets around the globe.
PipTrade.com is another website Estd. In 2010 and worked by HY Markets for trading numerous financial assets that comprise commodities, stocks, oil, indices, gas, foreign currencies and precious metals. Like its parent company HYCM, PipTrade provides a wide range of financial services in numerous countries around the world.
PipTrade is regulated and licensed by the FCA of the UK; Henyep Group Dubai, Henyep Capital Markets Dubai, Henyep Dubai and HY Markets UAE are regulated and licensed by the DFSA in Dubai; in Hong Kong financial activities exactingly supervised by the SFC.
Henyep Capital Markets Review Conclusion
HYCM’s trading platform features completely automated trading on a user approachable website that comprises several platforms, one of which is the MT4 trading platform, which is measured the forex industry standard. Its long history, strict regulatory standards and great reputation have made it a leader in Forex brokers around the globe.
By its Education Center, HYCM’s exclusive platform provides everything beginner and experienced traders need to research financial assets and markets, as well as manage and open trading accounts and research, conduct and track trades in a diversity of financial marketplaces around the world.
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