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These are very popular assets, which are used by traders who do not want to buy the stocks themselves, but rather speculate on their price changes. HYCM is known for charging very low fees and offers traders rich educational material. With a user-friendly account opening procedure and user-oriented environment, HYCM is a broker to trust for many traders in the market. HYCM offers trading in CFDs on forex, indices, commodities, stocks, and cryptocurrencies. In February 2020, the company expanded its CFD offering to include exchange-traded funds (ETFs).

Trading Assets Offered by HYCM

A wide range of educational and investing tools are available, which can be equally beneficial to both experienced and novice traders. Though HYCM isn’t currently available in the United States, it can be a great choice for residents of the other 140 countries where hycm review it offers service. HYCM (DIFC) is a fully owned subsidiary of the HYCM Group, a global diversified conglomerate with over 40 years operational experience. The group’s businesses include capital markets trading, securities, property, education, and charity.

HYCM Raw Account

However, it should be noted that the holders of this account will be required to pay $4 per round. An additional fee like this is only charged to the holders of the Raw account. Another difference between the raw account and others is the fact that the minimum deposit for it is $200. The second type of account that can be used by the clients of HYCM is the Classic account. This account can be a great choice for traders who are looking for a regular Forex trading experience.

Pros & cons of HYCM account types

We’d also love to see HYCM extend services to traders based in the United States. However, for now, HYCM remains a comprehensive choice for traders of all skill levels looking for affordable fees, high leverage availability and a choice of investment products. Account minimums with HYCM may vary depending on your base currency and the type of account you open. You should have at least $100 to $200 minimum deposit ready before you open an account. Deposit methods include credit card, debit card, bank wire and Skrill. HYCM offers a varying fee structure, which allows investors to choose the spread option that’s best for them.

Account Types Available for Traders on HYCM

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Below, we will go through different types of accounts available on HYCM and see what they have to offer. Indices are very popular among traders https://forexbroker-listing.com/ who want to invest in larger markets. This asset class allows individuals to have exposure to the whole market with only one investment.

  1. HYCM offers clients three types of live trading accounts and a demo account.
  2. The Forex broker also keeps the funds of clients in segregated bank accounts, which is a very important policy that guarantees the safety and security of Forex traders.
  3. HYCM is licensed and has received numerous awards over the course of its 40 years of experience.
  4. After a detailed overview of the services that HYCM has to offer, we are able to say that it is among the best Forex brokers available in the world today.
  5. One of MT5’s most helpful features is an economic calendar where traders can keep track of events that can impact the market.

Her dedication to providing valuable content empowers readers to make informed decisions in the dynamic world of finance. Sarah’s expertise extends across various investment vehicles, including stocks, bonds, cryptocurrencies, and real estate. Through her engaging content, Sarah strives to educate and guide investors on their journey towards financial success. Once you deposit funds into your account, you will be able to access them from the trading platforms.

Trade with a Multi-Regulated Broker

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These channels provide clients with access to live tradable prices, real-time news, advanced charting tools and online account information, and seamless trading execution. After that, a minimum deposit of $20 is required to top funds up via Visa/Master cards or e-Wallets. Different minimum deposits may apply to Islamic accounts opened with HYCM. HYCM offers traders the option to trade forex and CFDs with the industry-standard MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). While HYCM is a very old Forex broker, being established over 40 years ago, it has managed to stay up to date with the ongoing developments and trends in the Forex trading market.

HYCM does an excellent job of making forex trading easier and more accessible, and the broker offers a very wide range of tools that both beginner traders and corporate investors will love. Let’s take a look at a few of our favorite easy-to-use features available for a forex trader like yourself. HYCM (DIFC) provides industry leading trading software through a MT4 platform and Mobile Apps.

Forex trading, for a long time, has been a leading financial market. 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. Accounts stay active for 14 days, but clients can open as many demo accounts as they wish over an unlimited time period. HYCM is a trusted brand that offers a straightforward MetaTrader platform experience and a proprietary mobile app.

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Client information is encrypted with 128-bit SSL certificates issued by VeriSign. Connections between clients and HYCM’s servers are also encrypted and secured in accordance with banking standards. The HYCM website is available in 12 different languages to make it more accessible to all its clients from different countries across the world.

Each year, we collect thousands of data points and publish tens of thousands of words of research. We continue to identify new product opportunities and deliver rapid trading solutions to cater to fulfill the demands of our clients. They also offer clients different types of educational and research tools that can be used for better market analysis and understanding of the possible price movements in the near future.

Here’s a summary of HYCM’s deposit and withdrawal processes, including any fees trades may incur. To open a demo account, traders must go to their Client Portal and click on ‘Create Demo Account‘ under the ‘Trading Account’ menu. We offer a wide range of marketing tools optimised for web andall mobile devices.

Apart from this, these platforms also come with special bots called Expert Advisors, which can be used to automate some processes of the Forex trading market. This includes information about your location, experience in trading, how much money you want to use for trading, where you got this money, how much of your income it represents, and so on. After that, you will also take a quick easy quiz to determine your knowledge and understanding of the market. Below, we will go through all the important steps that traders might have to take to get started. This account is specifically created and tailored to make sure that it does not go against the beliefs of the Quran.

Before you execute your first trade, you need to enter your name, email address, country of origin and phone number. Then you answer a few questions about your background and financial knowledge. Select one or more of these brokers to compare against HYCM (Henyep Capital Markets). See how HYCM (Henyep Capital Markets) stacks up against other brokers.