HYCM Review & User Rating 2020

HYCM is a Forex and CFD broker which is authorised and regulated by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), with over 40+ years experience. The company is part of the Henyep Capital Markets Group which is an international conglomerate with businesses in financial services, property, education and charity.

  • Start year: 1977
  • Country of origin: United Kingdom
  • Regulation: CIMA #1442313, CySEC #259/14,  DFSA #000048,  FCA #186171
  • Payment options: Credit/debit cards, Neteller, Perfect Money, QIWI, RBK Money, Skrill, WebMoney, Wire transfer
  • Minimum account size: $100
  • Minimum lot size: 0.01 lot
  • Leverage: 1:500
  • Spreads: 0.01 pips on EUR/USD

The broker offers 3 core trading accounts called Fixed, Classic and Raw. Both the Fixed and Classic offer commission-free trading with competitive spreads to trade on 100+ instruments covering Forex, Stocks, Indices, Commodities and Cryptocurrency CFDs. They also offer Islamic swap-free trading accounts and demo trading accounts.

Users can trade on the MetaTrader 4 and MetaTrader 5 trading platform for desktop, web and mobile trading applications. HYCM also offers a range of trader research and education tools which include live seminars anmd workshops and article-based and video-based market analysis and education.

Advantage:

  • FCA and CySEC regulated.
  • Commission-free trading accounts available.
  • Raw spread trading accounts available.
  • Can trade on MetaTrader 4 and MetaTrader 5.

HYCM is authorised and regulated by the UK Financial Conduct Authority under the name Henyep Capital Markets (UK) Limited, as confirmed on the FCA register.

HYCM Trading Platforms:

HYCM MetaTrader 4 

Users can trade on the globally-recognised MetaTrader 4 for Windows which comes with several benefits and advantages, such as the ability to:

  • Access 80+ technical indicators
  • Perform one-click trading functions
  • Trade on multiple asset classes
  • Automate strategies using Expert Advisors

HYCM MetaTrader 5 

Users can trade on the globally-recognised MetaTrader 5 for Windows which comes with several benefits and advantages, such as the ability to:

  • View 21 different timeframes
  • Trade on multiple asset classes
  • Use hedging orders
  • Trade via one-click trading

HYCM MetaTrader  Web Trader

Users can also trade on the globally-recognised MetaTrader Web Trader for both MT4 and MT5 which comes with several benefits and advantages, such as the ability to:

  • Access 9 different timeframes
  • Trade from any browser and operating system
  • View 38 technical indicators

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