HYCM Review 2022 (Expert Review)

HYCM Review Summary

HYCM is a well-regulated online broker that offers its clients a number of advantages over the competition. The HYCM website is easy to navigate, and it offers many useful tools that make it a popular choice for online traders. Its website offers a daily technical snapshot, a forex calculator, an economic calendar, and a wealth of other tools. It also has an expansive education department that helps new investors learn about trading and how to trade in the foreign exchange market. HYCM offers a comprehensive education section. This section contains articles, eBooks, webinars, and tutorials that will teach traders how to navigate the world of forex trading.

HYCM review
HYCM Platform Features

HYCM main features and highlights
๐Ÿ—บ๏ธ Country of regulation Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee Yes
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 100
๐Ÿ•– Time to open a HYCM account 1-3 Days. *A HYCM demo account can be opened in a few minutes, but live HYCM trading account creation times will vary depending on how long it takes to process your HYCM KYC documents.
๐Ÿ’ณ Wire Transfer Yes
๐Ÿ‘› Depositing with electronic wallet Yes
๐Ÿ’ฑ Number of base currencies supported 6
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals,

HYCM review
HYCM Financial Regulation

HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.

HYCM review
HYCM Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using HYCM include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using HYCM can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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HYCM Advantages

One of the main advantages of using HYCM is around the clock service and support as well as research offerings. Not only this, but HYCM has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of HYCM with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with HYCM makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. HYCM offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • HYCM has been in business over 10 years.
  • HYCM offers Stock Trading
  • HYCM offers Cryptocurrency Trading (Availability subject to regulation)
  • HYCM offers PayPal as a payment method
  • HYCMoffers Islamic Accounts
  • HYCM offers Bitcoin Trading
  • HYCM offers Hedging
  • HYCM offers Scalping

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HYCM Disadvantages

Although HYCM has a lot of good points HYCM does not offer the below.

HYCM Review Risk Warning: Losses can exceed deposits.

HYCM Review

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Things to understand when trading with HYCM

Online trading on trading platforms like HYCM have seen huge growth in the last 3 years. Trading with HYCM requires that you take the time to learn how financial markets work and are able to trade with HYCM using in depth technical analysis and HYCM risk management trading tools. Trading with HYCM involves risk. You should only risk capital with HYCM that you can afford to lose. Understand your risk tolerance with HYCM, and have a trading strategy that HYCM is able to help you execute. HYCM is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments HYCM give you access too.

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HYCM Trading Fees

Trading fees on HYCM are taken in the form of the spreads HYCM offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on HYCM. HYCM fees vary depending on the financial instruments traded and can include, HYCM overnight funding fees, spreads, margins and HYCM inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your HYCM account charged by your 3rd party payment provider if your HYCM base currency is different from your HYCM withdrawal method.

NameHYCMIC MarketsRoboforex
Account FeesNoNoNo
Withdrawal FeesNoNoYes
Deposit FeesNoNo
Inactivity FeeYesNoNo
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

HYCM review
HYCM Financial Instrument Fees

HYCM fees for Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, Energies, Metals, Agriculturals, are listed below.

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HYCM Stock Trading Fees

The majority of HYCM trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A HYCM stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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HYCM Forex Fees

Commission on HYCM Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for HYCM Forex fees is based on their trade size. To calculate HYCM Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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HYCM Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. HYCM cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. HYCM cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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HYCM Non Trading Fees

HYCM non-trading fees include a variety of HYCM brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the HYCM trading platform. The most common non-trading fees include HYCM withdrawal fees, HYCM deposit fees and HYCM inactivity fees.

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HYCM Deposit Fees

HYCM does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, HYCM does not do this.

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HYCM Inactivity Fees

HYCM does charge clients an inactivity fees for dormant HYCM trading accounts. A HYCM inactivity fee is a sum charged on HYCM brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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HYCM Withdrawal Fees

HYCM does not charge withdrawal fees. Withdrawals fees vary between HYCM and HYCM alternatives depending on where you are located and how much money you are withdrawing.

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HYCM Account Fees

HYCM does not charge account fees. Account fees charged differ between HYCM and other brokers. An account is a fee that HYCM and other brokers assesses on all accounts for the ability to keep an account on their platform.

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HYCM Account Opening

The HYCM account registration process is simple, user-friendly, and quick. Within 1-3 Days most HYCM trading accounts are ready for live trades. Our HYCM account was validated in 1 day, but live HYCM trading account verification times will vary depending on the time it takes to process your KYC documents and HYCM trading account application. A HYCM demo account can be opened in a few minutes.

HYCM trading accounts are available in over 194 countries. HYCM is restricted in the following countries.

Apart from the restricted countries a HYCM trading account can be opened globally.

The HYCM trading platform is available for residents in US. Some financial instruments HYCM offer may be restricted in your country.

  • Fast HYCM account opening.
  • HYCM accounts can be opened and KYC can be verified digitally.
  • HYCM minimum deposit is 100 USD / GBP / EURO.
  • HYCM trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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HYCM Deposit And Withdrawal

HYCM Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD are supported by HYCM as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

HYCM offers the following account USD.

When trading make sure your HYCM trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. HYCM has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameHYCMIC MarketsRoboforex
Number Of Currencies6104
Base CurrenciesUSDUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZDUSD, EUR, CNY, XAU
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

HYCM review
HYCM Deposit Fees and Deposit Methods

Investors can log in to their HYCM trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their HYCM trading accounts from an existing bank account or send the funds through a wire transfer or online check.

HYCM Deposit Fees

Making a deposit on your HYCM account is free.

HYCM Deposit Methods

There are several methods through which you can deposit money into your HYCM account. One can use a credit or debit card and HYCM accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your HYCM account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your HYCM account.

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HYCM Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your HYCM brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open HYCM positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your HYCM account.

HYCM Fees When Withdrawing Your Account Balance

HYCM do not charge withdrawal fees. Some withdrawal fees are out of the control of HYCM and may be due to 3rd party payment providers and your account base currency.

HYCM Withdrawal Methods

Log into your HYCM trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your HYCM account to your bank account. To withdraw money from your HYCM account you can use credit or debit cards. HYCM processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as HYCM processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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HYCM Trading Platforms

As there are a number of tradable financial instruments available on the HYCM trading platform. Before investing in the HYCM platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The HYCM platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. HYCM offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on HYCM is available. Another thing to consider is your financial goals. Make sure that a HYCM account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a HYCM account. Ensure that HYCM allows you to focus on the type of trading that you want to focus on.

Make sure HYCM is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using HYCM, think about how easy it is to use for your personal needs. Does the HYCM platform offer real-time updates or delayed updates that are more informed? Remember to check if HYCM is well regulated, and what tradeable financial instruments HYCM has. Security is very important when it comes to trading with HYCM.

HYCM Web Trading Platform

A HYCM web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through HYCM which acts as a financial intermediary. HYCM is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the HYCM mobile trading platform.

HYCM Apple IOS Trading Platform

A HYCM iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

HYCM Google Play Android Trading Platform

A HYCM Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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HYCM Mobile Trading User Experience

HYCM mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. HYCM mobile trading refers to trading using a mobile phone.

Leading brokerages like HYCM offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire HYCM portfolio. All an investor needs is a Web-enabled smartphone and a trading account with HYCM. Once you have download the HYCM trading app, you are ready to begin.

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HYCM Desktop Computer Trading Platform

A HYCM computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The HYCM desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The HYCM desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

HYCM MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

HYCM MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

HYCM PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using HYCM. A trading computer with access to a HYCM PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

HYCM Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the HYCM trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the HYCM trading platform is very user friendly and easy to use on a Mac device.

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HYCM Trading Look And Feel

The HYCM user interface (UI) is what HYCM traders will see and interact with first when trading with the HYCM trading platform. The HYCM is well designed. The goal of the HYCM trading UI is to make the HYCM user's experience easy and intuitive. The HYCM application has good user experience and a good level of customer satisfaction.

HYCM Security

HYCM is a secure trading platform. HYCM offers traders security via 2 factor authentication, SSL encription when trading with HYCM. HYCM trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with HYCM. Rate limitation on HYCM suspicious account activities is another layer of protection that is provided for HYCM trading accounts, for example multiple failed login attempts with HYCM. You have the option to further safeguard your account by using HYCM Two-Factor Authentication (2FA), which provides an extra layer of security.

The HYCM trading infrastructure is constantly watched and guarded by a trained team at HYCM In addition, HYCM never send sensitive information without first encrypting on the HYCM trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On HYCM

Available HYCM order types. # market, limit, stop, stop limit, Good until end of day / canceled.

HYCM Market Order

A HYCM market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. HYCM market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. HYCM market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

HYCM Limit Order

A HYCM limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

HYCM Stop Order

A HYCM stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

HYCM Stop Limit Order

A HYCM stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The HYCM stop-limit order triggers a limit order when a stock price hits the stop level. A HYCM stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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HYCM Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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HYCM Trading Platform Features

Online trading platforms like HYCM are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with HYCM. The HYCM trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using HYCM.

HYCM Margin Trading

HYCM margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, HYCM margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

HYCM Auto Trading

HYCM auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying HYCM system or programme and actioned by set criteria set by the HYCM trader. These HYCM orders are placed when the trade conditions in the underlying HYCM system or program are met. It is a method of participating in financial markets by using HYCM, which executes a pre-defined set of rules for both entering and exiting trades on HYCM. If you are a HYCM trader, you are able to use detailed HYCM technical analysis with the setting of parameters for HYCM one's positions. This includes orders to open HYCM, trailing stops, and guaranteed stops.

HYCM Copy Trading

Copy trading with HYCM allows users to copy trades executed by other HYCM investors in the financial markets. The goal of copy trading is for a HYCM trader to have the same positions as the HYCM investor they are copying. When copying another HYCM trader, you do not receive the plan of the traders HYCM strategy, but simply follow their trades they execute on HYCM. HYCM copy trading is one way to automate your investment strategy. Copy trading trades on HYCM must still be monitored and copy trading on HYCM still has risk of trading loss.

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HYCM Account Types

HYCM Demo Account

HYCM offers demo accounts that gives traders the ability to purchase and sell HYCM financial instruments in a practice environment, using fake HYCM digital money and live market conditions and data. When you practise on a HYCM demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the HYCM platform. HYCM demo accounts allow you to experience and practice a variety of market charts, HYCM trading indicators, and trading strategies using HYCM.

HYCM Standard Account

HYCM offers a standard trading account, allowing HYCM traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich HYCM trading platform.

HYCM Islamic Accounts

HYCM islamic accounts respect Islamic finance law. HYCM swap free accounts do not accumilate interest and HYCM transactions are actioned immediately. A HYCM Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using HYCM following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with HYCM Islamic accounts do not pay or receive interest rates.

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HYCM Tradable Financial Instruments

HYCM tradable financial instruments are the financial instruments that are specifically available to trade on the HYCM trading platform. This refers to the different types of financial markets you can trade with through HYCM. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on HYCM.

NameHYCMIC MarketsRoboforex
CFD TradingYesYesYes
Stock Markets10210053
ETFsNoNo
Fractional SharesNoYes
CryptocurrenciesYesYesNo
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
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Losses can exceed deposits

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HYCM Trading Stocks

Stock trading with HYCM is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with HYCM; if you possess the stock on HYCM, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on HYCM involves purchasing and selling stocks and share using HYCM periodically in order to time trades against the stock markets, with the aim of using HYCM to profit from your stock trading. HYCM stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on HYCM. Stock traders on HYCM conduct significant study, frequently dedicating several hours every day to market monitoring using HYCM trading tools.

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HYCM Trading ETFs

What Are ETFs

HYCM does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

HYCM does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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HYCM Trading Cryptocurrencies

HYCM offers cryptocurrency trading.

Cryptocurrency trading can be conducted using HYCM to buy and sell the cryptocurrency financial instruments on HYCM. Cryptocurrency trading can also be done using a cryptocurency CFD HYCM trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using HYCM. A CFD is a high risk leveraged trade between the trader and the HYCM brokerage. No underlying assets are exchanged with a HYCM CFD contract, it is purely speculation on the crypto financial instruments price movements with HYCM. HYCM CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if HYCM CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with HYCM. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with HYCM.

Cryptocurrency trading is not offered by HYCM, so you will need to find a HYCM alternative that allows you to buy and sell the underlying cryptocurrency assets. HYCM CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a HYCM alternative and make sure you undertand the risks fully before trading.

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HYCM Forex Trading

Forex trading with HYCM is a method through which to invest money which involves trading one currency for another in a Forex currency pair with HYCM. The main aim of HYCM Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with HYCM. As a HYCM Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like HYCM. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like HYCM. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on HYCM.

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HYCM Commodities Trading

Commodity trading is a type of trading available on HYCM where individuals or businesses buy and sell financial instruments using HYCM related to commodities, such as metals or oil.

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HYCM Options Trading

HYCM options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. HYCM option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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HYCM Futures Trading

Futures trading with HYCM is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using HYCM to facilitate the trade. A HYCM futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on HYCM. Typically, futures contracts are traded on an exchange such as HYCM; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling HYCM trader to the contract agrees to provide it.

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HYCM Bonds Trading

Bonds trading on HYCM is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the HYCM trader. Bonds can be bought and sold on HYCM after they are issued. While some bonds are traded publicly through HYCM, most trade over-the-counter between large broker-dealers like HYCM acting on their clients' or their own behalf. Yield is therefore based on the HYCM purchase price of the bond as well as the coupon.

HYCM CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameHYCMIC MarketsRoboforex
Forex CFDYesYesYes
Index CFD282530
Stock CFD651108400
ETF CFD203050
Commodity CFD172020
Crypto CFDYesYesNo
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

HYCM review
HYCM Trading Research Tools

Taking advantage of HYCM trading research tools which are designed to help traders analyse potential investments using the HYCM trading platform. Some HYCM research tools include charts, technical analysis, and HYCM trading indicators.

HYCM Trading News

Traders can follow the markets and make wise investment decisions on HYCM by using the news to help form a strategy when it comes to choosing investments. A HYCM news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

HYCM Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A HYCM economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

HYCM Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. HYCM fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

HYCM Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on HYCM are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

HYCM portfolios

Trading portfolios are useful when trading with HYCM.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A HYCM trading portfolio is a traders collection of investments, which may include a variety of HYCM financial instruments.

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HYCM Payment Methods

A HYCM payment method is required to fund your HYCM trading account before placing a buy or sell order on a financial instrument.

When trading with HYCM, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that HYCM do not have any control over.

NameHYCMIC MarketsRoboforex
Payment MethodsMoneyGram, Neteller, Skrill, Visa, Webmoney, Wire TransferBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Losses can exceed deposits
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Losses can exceed deposits
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Losses can exceed deposits

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HYCM Withdrawl Methods

When trading with HYCM at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your HYCM account balance. HYCM may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your HYCM account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

HYCM Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your HYCM account.

Withdrawal requests can take up to three business days to be processed by HYCM.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your HYCM should arrive in less than 24 hours.

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HYCM Customer Support

Customer support represents the resources within the HYCM company that provides technical assistance to its customers after they use the HYCM service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

HYCM offer email, livechat, phone, customer support.

HYCM Email Support

HYCM offers email support.

Email support is a a convenient method of HYCM customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from HYCM regarding your support request.

HYCM Livechat Support

HYCM offers livechat support.

HYCM live chat support is a way for customers to obtain help from HYCM through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

HYCM Telephone Support

HYCM offers telephone support.

HYCM telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the HYCM call centre to give or take information.

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HYCM Educational Resources

HYCM educational resources are used throughout the HYCM learning environment to help and assist with customer's development and learning of trading on HYCM. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using HYCM trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

HYCM Trading Platform Tutorials

HYCM offer a range of learning resources and tutorials and guides made available to registered HYCM users. The HYCM guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate HYCM users on basic trading principles.

HYCM Trading Videos

HYCM offer a selection of online trading videos.

Trading videos on HYCM help new and even more experienced investors gain insights into HYCM technical analysis tools and how the different financial markets work when trading on HYCM.

HYCM trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some HYCM training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using HYCM to trade live financial markets.

HYCM Webinars

HYCM offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of HYCM clients who participate by asking questions, replying to polls, and using other interactive technologies available on the HYCM trading platform.

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HYCM Financial Regulation When Trading

Financial regulations on HYCM protect consumers' investments. Regulations prevent financial fraud and limit the risks that HYCM as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. HYCM financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is HYCM Regulated?

HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.

HYCM is licensed by financial regulators in certain jurisdictions. You can find out if brokers like HYCM are licensed in your country, if they have had run-ins with regulators, or received serious complaints from HYCM investors, directly with financial regulators in your country.

HYCM Regulatory Protection Limits

When registering with HYCM you must check with regulatory body your HYCM trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your HYCM account is over seen by. HYCM client funds are stored in segregated 3rd party bank account in accordance with HYCM financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

HYCM Trading Signals

HYCM offers trading signals to HYCM clients.

HYCM trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A HYCM trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the HYCM trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does HYCM make money?

Because HYCM acts as an intermediary, HYCM gets compensated on buy and sell transactions of financial instruments. As a result, HYCM profit is determined by the volume and number of transactions. HYCM earns revenue to fund their HYCM platforms and wide range of trading services through market spreads.

Can you buy shares on HYCM?

HYCM provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. HYCM offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and HYCM on the speculative up or down price movement on an agreed stocks price movement.

Does HYCM offer Cryptocurrency?

HYCM does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.

HYCM Lower fees, lower costs?

HYCM have reasonable trading fees and costs. HYCM may charge a deposit fee. HYCM may charge a withdrawal fee. Some withdrawal fees are out of the control of HYCM and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

HYCM minimum deposit is 100 USD / GBP / EUR.

How to start your HYCM account?

You can sign up for a live or demo HYCM trading account by visiting HYCM and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an HYCM account here.

How's the HYCM trading app?

HYCM allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the HYCM trading app here.

Is the quality of HYCM customer service satisfactory?

HYCM have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

HYCM is a good trading platform for new traders as HYCM offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from HYCM?

HYCM offer a good selection of withdrawal options. Once HYCM have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

HYCM Review 2022 (Expert Review) guide updated 25/09/22