+45 7465 9071

HYCM Review 2025: Is This Forex Trading Broker Scam or Legit?

hycm review

Overnight fees are charged at HYCM just as they are at every broker offering CFDs. For overnight fee rates you can check them with hycm review the broker at the time you are making the trade since they are fluid and vary depending on the market at any given time. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.

Losses can exceed deposits, as HYCM plainly states on its website. For license approval, brokerage firms must adhere to some norms and criteria set forth by a recognized international organization to guarantee secure trading and remain licensed. The goal of regulation is to safeguard HYCM traders and create a secure trading environment. The importance of license approval and financial regulation cannot be overstated.

Minimum Deposit

  • MetaTrader 5 is the other exceptional choice for trading with HYCM and this should help it appeal to more advanced traders.
  • Depending on market conditions, the company reserves the right to increase or decrease spreads on very short or even no notice.
  • HYCM provides a range of trading platforms designed for all levels of traders, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the HYCM Trader mobile app.
  • It’s also compatible with automated trading applications such as Expert Advisors and Trading Central.
  • This process places importance on the things we know matter most to traders.
  • HYCM stands out with its strong regulatory presence across top-tier jurisdictions such as FCA and DFSA, ensuring a high level of safety and credibility.
  • They process around 25,000 orders each day with fast execution.

HYCM offers customers dedicated 24/5 customer support in multiple languages. Traders can contact HYCM customer service by phone, fax, email or live chat or directly through the company’s worldwide offices. Mobile applications have made it possible for traders to trade from anywhere in the world. HYCM clients have complete control over their trading accounts from their smartphones through the MetaTrader 4 and MetaTrader 5 mobile applications. The demo account looks like the live account, and traders get the same functionality, except the ability to trade real funds. HYCM receive their compensation through the market bid/ask spread.

Forex Education

These options include stocks from the United States, France, and Germany. Our review of HYCM reminds you that you will need to have the following information and documents on hand to verify your account with this Forex broker. HYCM has a thorough privacy policy that safeguards personal information disclosed to the company. The MT4 and MT5 platforms are also secured with encryption protocols and additional safety measures at the login stage.

What Can I Trade With HYCM?

However, it’s worth noting that the limited support hours may be a drawback for those who require assistance outside of regular business hours. Overall, HYCM is an excellent choice for traders globally, with the exception of those residing in countries where the broker’s services are restricted. You can also compare HYCM with some forex brokers that offer bonus deposits and a variety of forex trading accounts. I learned about this broker from numerous hycm reviews I discovered online.

Withdrawals

  • If you plan on taking a break from trading and would rather avoid an inactivity fee, then Trade Nation do not charge any.
  • The only issue – the min deposit here is a bit higher, yet, not that much, just 200 bucks.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • Both MetaTrader 4 and MetaTrader 5 platforms can be downloaded free of charge on mobile devices (smartphones or tablets), which operate on Android and iOS.
  • HYCM provide a variety of quick and convenient methods of depositing and withdrawing from your trading account.

For instance, the brokerage offers multiple types of accounts that appeal to different types of traders, and offers a lot of educational material for those who want to learn more about the market. If you’ve considered HYCM Capital Markets as a brokerage you want to use for expert advice, trading services and a range of asset classes, check out Benzinga’s HYCM review. But there are some disadvantages that have almost no effect on anything, and there are those that can ruin your trading quite badly. I started by reading a few reviews about HYCM on some forum.

hycm review

All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with HYCM please share your personal review of the broker and what you think are strong and weak points.

These include bank wire, credit and debit cards that are Visa or Mastercard, eWallets in the form of Neteller and Skrill, while WebMoney, China Union Pay, and Interac are also available. In some places you may also find that Virtual cards can be accepted for a deposit. HYCM operates offices in Cyprus and Hong Kong and the broker is regulated by the FCA, CySEC, CIMA, and the DFSA. The main navigation menu is simple to use with its drop-down menus.

It is very user friendly with a simple layout and modern interface for quick and easy trading from within the palm of your hands. This regulation means that HYCM must abide by strict regulatory requirements. It is a legal requirement for them to submit financial reports and prove their capital adequacy. Oftentimes I would go through these reports myself just to make sure I know what I’m getting into with each broker. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons.

Regulation & safety for investors:

But more than 40 years of experience in the forex trading industry distinguished HYCM from its competitors. The market forecast contains the most recent news, opinion, fundamental and technical analysis. It is constantly updated and goes into considerable depth, including graphic charts. This can help to generate prospective trading signals while also being valuable if you have an open position that you are monitoring. Education is a strong tool for traders, which is why they value it at HYCM. HYCM’s educational seminars and workshops are designed to provide you with practical information and put you on the fast road to achieving your financial objectives.