HYCM review 2025 ++ Scam or not? Real broker test

HYCM review 2025 ++ Scam or not? Real broker test

hycm review

The Raw account features tight spreads for advanced traders seeking the lowest costs with a small commission per trade. Additionally, HYCM provides a Demo Account, allowing new and experienced traders to practice strategies in a risk-free environment. HYCM provides access to the widely used MT4/MT5 forex trading platform. While on the go, HYCM also offers mobile applications for Android and iOS devices and desktop platforms, making keeping track of and executing transactions more straightforward. The broker sets necessary minimum deposit requirements, hycm review which are often required to qualify for an ECN account at other competitive brokers.

hycm review

MetaTrader 5 (MT

HYCM offer frequent webinars for traders to participate in and venue-based seminars that clients can attend. This adds to the overall transparency and friendly approach adopted by HYCM. The market outlook provides the latest news, commentary, fundamental and technical analysis. I’ve been studying it for quite a while and noticed that it is updated frequently and goes into great detail including illustrated charts.

  • TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
  • They welcome all questions and are on hand to support you from your initial inquiries all along your trading journey.
  • There is no doubt HYCM is a very safe broker to work with.
  • All content on this site is for informational purposes only and does not constitute financial advice.
  • Similar to classic accounts, on a raw account, you can trade with the use of expert advisors and are able to set this account to run either on the MetaTrader 4 or the MetaTrader 5.
  • Of course, as for any other person, the security that a brokerage company provides for me and my money is important to me.

Company Structure

It’s also compatible with automated trading applications such as Expert Advisors and Trading Central. It opens with four charts which traders can customize and configure each with unique indicators and technical analysis tools. Here’s a summary of HYCM’s deposit and withdrawal processes, including any fees trades may incur. To open a demo account, traders must go to their Client Portal and click on ‘Create Demo Account‘ under the ‘Trading Account’ menu.

THEY WILL BLOCK YOUR ACCOUNT AND NEVER…

  • Interestingly enough, the company gained 4% in value on the first day after doing so and currently has offices in 12 countries.
  • CFDs (contracts for difference) are derivative securities that allow consumers to bet on the asset’s value without actually having the assets themselves in their accounts.
  • HYCM offers a user-friendly website design, making navigation and information accessibility straightforward.
  • Our HYCM broker review team feels that most traders will view it as a worthy substitution for Autochartist.
  • The right account for you will vary depending on when you trade, your base currency and whether or not you use an electronic advisor (EA) to assist your trades.
  • Here you mentioned one downside – it’s unavailable for American traders.

It is worth noting that if you withdraw less than $300 via wire transfer, HYCM will charge a handling fee of $30. If you choose to deposit via Mastercard or Visa, HYCM will ask you to provide a copy of the front of the card used as a funding source. On the other hand, if you do not wish to disclose card credentials, you can choose to make anonymous payments by using e-wallets such as Skrill or Neteller. Fixed Spread Accounts also have a swap-free variation, thus, they can be a suitable choice for Islamic clients who are forbidden to earn or pay the interest due to their religious beliefs. Overall, the fixed account is comparable to the standard micro account.

HYCM Educational Resources

Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. You should note that some assets are only available to trade with the MT5 trading platform. The Education section on HYCM includes an FAQ section with educational information regarding trading forex, indices, stocks, and commodities.

It is necessary to complete a Financial Profile after you have completed your registration. HYCM is committed to complete financial transparency and must ensure that CFD trading is appropriate for all of our customers. You will be able to fill in your personal information, select an account type, and set your password, among other things, on this page. These platforms are available as mobile apps (iOS, Android), desktop versions, and web versions.

Best Trading Brokers

Below you can see how HYCM scored in each of our high-priority categories. HYCM is a leading name in forex trading with 40 years of experience and a strong focus on keeping clients happy. HYCM Limited clients enjoy a 10% credit bonus on every deposit over $100, up to $5,000. Due to regulatory requirements, the broker cannot offer welcome or no deposit bonus schemes in other jurisdictions. TradingBrokers.com aim to provide unbiased broker reviews.

Top 3 Forex Brokers in Brazil 2025

The platform also supports automated trading through Expert Advisors, allowing traders to set up algorithmic strategies for hands-free trading. HYCM provides web-based access to both MT4 and MT5, allowing traders to trade directly from their browsers without the need to download additional software. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.

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