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HYCM

Highlights

  • 40+ years Experience
  • Trustworthy and reliable
Fee

Low

Account Minimum

Low

Description

HYCM was founded in 1977 and works under the regulations of multiple financial authorities like the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority(FCA) Cayman Islands Monetary Authority (CIMA) and Dubai Financial Services Authority (DFSA).

Highlights
  • 40+ years Experience
  • Trustworthy and reliable
  • Competitive Pricing
Pros
  • commission-free trading account available
  • Negative balance protection
  • Great educational tools
Cons
  • Inactivity fee is charged
  • Third-party trading platform
Main Features

Country of Regulation: UK, Dubai, Cyprus, Hong Kong

Trading Fees: Low

Inactivity Fees charged: Yes

Minimum Deposit: $100

Products: Forex, Stocks, Indices, Cryptocurrencies, Commodities, ETFs

Review

Fees

HYCM charges no CFD commission fees and deposit fees but there is a charge for the inactivity of account.

A/C opening

The account opening process at HYCM is fully digitalized and seamless. The minimum deposit is $100.  HYCM offers three account types i.e Fixed, Classic, and Raw. The HYCM account can be opened online.

Deposit & withdrawal

HYCM provides various options for deposits and withdrawals which include bank wire transfer, debit/credit cards, skrill, Neteller and Webmoney. Deposits are free of charge and Withdrawal below $300  is free of charge.

Trading Platform

HYCM offers advanced trading Platforms i.e and MetaTrader 4 and MetaTrader 5. It also offers mobile applications available for both apple and android.  

Research

HYCM research has a great market analysis in video format. The platform provides quality news fees, trading calculators, and other useful research tools.

Customer service

You can connect with the HYCM customer service through email, phone, and live chat. 

Toll- free Number

+44 208 816 7812

Email

support@hycm.com

Education

HYCM provides a wide range of educational tools like ebooks, webinars, educational videos, and a demo account. 

Safety

It is one of the safest trading platforms.