Read our HYCM Review and Discover the Merits of Choosing a Forex Broker with more than 3 Decades of Experience., formerly known as HY Markets, is a member of the Henyep Group, an international conglomerate with more than 30 years’ experience in providing financial services. Choosing this broker guarantees peace of mind, as they have an international reputation for reliability and trustworthiness. Finding a Forex broker with such an enviable pedigree is definitely going to be advantageous. If you want to know more about their service keep reading this HYCM review.

Our Rating of HYCM Forex
  • 10% Credit Bonus on your first deposit
  • Max Leverage: 1:200
  • Spread: 1.8
  • Forex Licences: FCA, FSCS
Our Overall Rating: 91/100• Top Forex Broker •

An introduction to HYCM

HYCM has its base in London, but is also represented in a number of other countries including Hong Kong, Cyprus, Kuwait, and the United Arab Emirates. The list of its regulatory compliances is pretty impressive, with licences issued by the FCA in the UK, the SFC in Hong Kong, and the DFSA in Dubai. By virtue of their compliance with MiFID, they are also authorised to operate throughout Europe. HYCM is able to offer traders a wealth of trading opportunities, from stock and commodities to a long list of currency pairs. Both novice and more experienced traders can benefit from the services of such a market leader. With sections of the site dedicated to trader education, a selection of account types, segregated accounts, excellent customer service, a selection of MT4 trading platforms, low spreads, and much more, there is bound to be something for everyone.

HYCM have a proprietary platform as well as MetaTrader 4.

Wherever you might be located, and whatever time it is, HYCM has a trading platform to suit your needs. There is the usual MetaTrader 4 family of offerings, as well as a brand new proprietary platform called “Prime Trader”. And for those who prefer to trade on the move, HYCM mobile apps are compatible with any mobile or tablet device. A number of innovative trading tools have also been developed, as well as some special features and widgets that are easily accessible through any of the platforms.

Three different account types to choose from, but unfortunately no demo account.

To suit the needs of a broad range of traders, there are currently three different account types to choose from. The lack of a demo account is a little disappointing, but the low minimum deposit means you shouldn’t have to risk too much real money in order to start trading. The three accounts to choose from are as follows:
Micro account

Standard account

VIP account

HYCM accepts a number of different payment methods including Visa and Mastercard, WebMoney, wire transfer and a number of other local payment methods. Only USD and EUR are accepted as base currencies. No fees are charged by HYCM for either deposits or withdrawals, but there are minimum requirements. All banking operations are safe and secure as their servers are encrypted with 128-bit keys, and personal and account information is encrypted using VeriSign-issued 128-bit-SSL certificates.

Such a prestigious history means there is little call for fancy bonuses.

The long-standing reputation of the Henyep Group means that HYCM has little need to attract new clients with dazzling promotions and special offers. It is, however, committed to rewarding loyal clients. Become a member of the HYCM Loyalty Program and you become entitled to an exclusive rebate of up to $3 for every lot traded, which is deposited straight into your trading account on a monthly basis. There are three tiers: Silver, Gold, and Platinum, each with a required number of lots to be maintained, but you do have to keep trading in order to qualify. Further details are available on the HYCM site.

We should also mention the Refer-a Friend programme, which gives traders the opportunity to earn up to $250. As soon as the referral becomes an active customer, makes their deposit and begins trading, the referral reward is credited to your account. However, this reward is for trading purposes only.

Only the best customer support for HYCM traders

HYCM has a reputation for professionalism and excellence, and this is certainly not lacking in the area of customer service. The customer contact centre is open from 23.00 on Sundays right through to 21.00 on Fridays, which means there is always someone to help when needed. There are a number of ways to get in touch, including a number of head office email addresses, a telephone call centre, and the very helpful live chat option, for when an immediate response if required.

As well as taking care of customer problems, HYCM also believe in educating their clients, and to this end there is a great variety of online videos and eBooks available. Subjects covered include the very basic as well as more complex topics such as capital management trading psychology, market analysis, and trading strategies. Also included is a helpful guide to the MetaTrader 4 trading platform.

If it’s a reputable and trustworthy broker you’re looking for you can’t go far wrong if you choose HYCM. They are fully licensed and regulated, which means that your financial and personal details are secure. Using MT4 as one of their trading platforms makes HYCM a sensible choice, whether you are a newcomer to the world of Forex trading or a more experienced trader. Customer service is much better than average, and the educational material available only adds to the experience. The lack of a demo account shouldn’t put many people off, as the low minimum deposit requirement means that new traders aren’t likely to get their fingers burnt.

Company Henyep Capital Markets
Headquarters UK
Established 1977
Languages English, Chinese, Russian, Arabic.
Deposit Methods Wire transfer, Visa, MasterCard, UnionPay, WebMoney and more

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