HYCM review was conducted by the team of Fxstay for those who want to know about the HYCM broker. All you need to know about the broker like how to do HYCM login or how to open HYCM demo account, Finding out how to download HYCM trading platform, You will also know about what is HYCM minimum deposit and is HYCM app for Android and iPhone available or no.
What Is HYCM Broker?
The HYCM forex company, formerly HY Markets, is head office in UK, London, and is regulated and authorized by the Financial Conduct Authority (FCA) of the UK. HYCM is a division of Henyep Capital Markets which is an important capital markets trading firm that has a working history of 30 years and focuses in CFD’s and foreign exchange on metals, commodities, equities treasuries and indices. With offices in main cities in 3 continents, counting in Kuwait and Dubai, the broker is one of the best reputable in the financial industry.
Trading Accounts
HYCM forex broker provides three types of accounts based on trading experience—Premium, Standard and Mini. Larger accounts succeed for the VIP Personal Dealer Service which delivers cutting-edge service and access to all marketplaces.
The Mini account, which is perfect for a trader who is new to the market, needs a minimum deposit of only 100 dollars. A deposit of at smallest amount $1000 opens a Standard account, appropriate for traders with a bit of knowledge. Offered leverage is 1:500 and 1:300 respectively. The VIP account for great rollers necessitates a minimum of at least 10,000 dollars to start. The spread is 1.5 pips and Leverage of up to 1:300 is presented.
Trading signals are presented for VIP and Standard accounts and mobile trading is provided for all three types of account.
An Islamic account is also presented for those following to Sharia laws where financial interest is prohibited.
HYCM Demo Account
If you want to test the broker first then you can use demo accounts, You can open free HYCM demo account at “TopForexBrokers.com” HYCM Broker review page.
Features
HYCM broker provides numerous trading assets comprising CFDs and Forex, metals such as silver and gold, energy products for example U.S. natural gas and oil, as well as the all-important commodities for example sugar and cotton, indices, a collection of blue-chip stocks. Unlike most Forex only providers, the company permits their customers to trade numerous capital markets in the single integrated account.
The broker delivers access to innovative trading tools used by the world’s biggest banks and expert traders, comprising technical patterns, trading ideas and insights, and market research from Trading Central, an award winning technical analysis research provider established in 1999 with offices in London, Paris, Hong Kong and New York.
Trading Central is an international authority in FX research with a fourteen Year Track Record that touches out to 30 million traders.
Trading Platforms
There are 3 different trading platforms at HTCM. The MetaTrader4 provides advanced charting, live market news, expert advisors and technical analysis tools for example Trading Central.
The Prime Trader platform is HYCM’s new, flagship, multi-asset platform with integrated pricing, trade screens and charts, advanced charting and complete online account management.
A mobile trading platform is also available with real-time news, complete trading capabilities, charts and other unconventional features.
Education
The education part of the HYCM website provides not only standard videos but also documentary lessons on topics geared towards both advanced and beginners traders. Subject contain Introduction to the Capital Markets, Managing Risk, and Tips for Traders, Trading Tools and more.
Fundamental and Technical analysis is gone into in much detail and is extremely useful. The section on the psychology and history of the markets is most interesting.
As well as the above, the broker provides a daily outlook and updates as well as weekly market comment on what is happening in the most traded commodities for example oil, silver and gold, major currencies, and indices.
Promotions and Bonuses
The only promotion provided at HYCM is the Refer-a-Friend program. The company has intended this program to reward their customers for their support and helping to introduce the broker to other people in their social network. Each time a family member and friend is referred, registers and funds a trading account with the brokerage, the customer has the chance to earn up to $250. Deposits/Withdrawals
Deposits are accepted through wire transfers, credit cards, Skrill, WebMoney and PayPal. Withdrawals can be demanded by filling out an online form. For more information about bonus and promotions visit “ForexSQ” HYCM review.
Customer Support
Traders can reach customer support 24/5 through chat, email and telephones.
HYCM Review Conclusion
HYCM’s new website is simple to navigate and all the information is available without any problem. The broker has a long history behind it and the detail that it is regulated puts it one step forward of many other Forex brokers in the industry. The broker provide apple iTunes app and Andorid app for trading on your mobile.The HYCM forex broker has another brand call PIPTrade. If you like this HYCM review conducted by www.Fxstay.com then share it on social media networks please. You can follow HYCM broker on Google+ , Facebook, Twitter.