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HYCM Broker – An exclusive Review by Forexing24.com

HYCM Broker

If you are involved with trading business for a while, there is no need to Introduce you to HYCM Broker. For anyone looking for a high class Forex broker that has been working in the market for ages with a splendid rate of client-satisfaction, HYCM broker can be an ideal choice. In this article, we are going to review HYCM Broker in light of features, services, trading conditions, pros and cons and customer satisfaction.

About HYCM Broker

HYCM Broker (formerly known as HyMarkets) is a London based Forex and CFD trading brokerage firm. The broker is owned by Henyep Capital Markets UK Ltd, a subsidiary of the Henyep Group. HYCM Broker’s online trading service includes all markets. Along with forex trading, they are also offering commodities, metals, CFD and stock trading service. HYCM Broker is regulated by the FCA in UK.

HYCM Broker at a glance: HYCM Broker

Headquarter: London, England
Founded in: 1977
Regulating Authority: FCA , SFC, MiFID
US Clients Accepted: ✗
Customer Care: + 44 – 208 – 816 – 7812
Fax: + 44 – 207 – 628 – 3272
Support E-Mail: info@hycm.com

Mission:

By focusing on its customers and core businesses, Henyep’s mission is to generate superior returns for its investors and partners.

Vision:

With the vision of maintaining its leading position, the Group seeks to be a global leader in the industries in which in operates.
HYCM Broker

HYCM Broker Overview

The Award-wining Forex and CFD broker HYCM is a subsidiary of the Henyep Group, an international conglomerate with business in financial services, property, education and charity spanning 20 countries across 3 continents. The Group is dedicated to delivering best-of-breed services to its clients and the community alike. Regulatory compliance is above the industry standard with this broker, thereby ensuring peace of mind from the likes of the FCA in the UK, the SFC in Hong Kong, the DFSA in Dubai, and by way of the MiFID for the European Union.
Since HYCM has over 35 years of operational experience on the global stage, it has longstanding banking relationships that can provide the best pricing for its diverse list of investment instruments. Client funds are always safe, protected by regional compensation plans, by segregated trustee accounts in top-tier banks, and by external regulatory compliance. While safety and security are never an issue with HYCM, its quality of service has been recognized as above excellent, as confirmed by numerous industry awards that the firm has garnered since 2011.
From Forex to stocks, metals, commodities and indices, any trader would will be satisfied with the popular asset choices available and confident that he would be getting a cost advantage. Innovation and customer service are also major attributes of this firm, and its new proprietary trading platform is emblematic of its leadership position in international capital markets. If you want professional quality, integrity, and excellence, then HYCM may be the right choice for you.

Trading Platforms

Because of the 35 years of operational history, HYCM has gathered all the experience necessary to provide multiple trading platforms for different sorts of devices. Traders, who want to seek direct and quick access to financial markets, are happy to consider HYCM trading platform as their first choice. HYCM broker’s experience and commitment to their clients have enabled them to develop four types of trading platforms:

  • Prime trader platform
  • MetaTrader 4 platform
  • HYCM Mobile platform

Whether you are a novice or experienced trader, HYCM has the trading solution for you. They are providing multi-asset flagship trading platform, Prime Trader and the world’s renowned MetaTrader 4 platform. Traders can also access the markets via HYCM Mobile platform Apps.

HYCM Broker Platforms

Prime trader platform

Prime Trader is a brand new, multi-asset, flagship platform provided by HYCM Broker. With the help of this platform, a trader can trade multiple markets and products, such as: Forex, oil/gas, metals, commodities, indices and stocks.

MetaTrader 4 platform

The industry leading platform, the HYCM MetaTrader 4 platform is downloadable and is the platform of choice for many experienced and professional traders.

HYCM Mobile Platform

In order to spread the trading excellence among the mobile trading community, HYCM has come forward with an user friendly mobile trading platform. Here, traders have a option of running several trading applications seamlessly on mobile devices and Smartphones.

Account Types

There are essentially three different types of account options at HYCM Broker. These includes:

Micro Trading Account

  • Min. Deposit: $100
  • No. Tradable Products: 50
  • Min. Lots Trade size: 0.01
  • Max. Leverage: 1:500
  • Min. Fixed Spread: 1.8
  • Trading Signals: No
  • Mobile Trading: Yes
  • Islamic Account Available: Yes

Standard Trading Account

  • Min. Deposit: $1000
  • No. Tradable Products: 120
  • Min. Lots Trade size: 0.01
  • Max. Leverage: 1:300
  • Min. Fixed Spread: 1.5
  • Trading Signals: Yes
  • Mobile Trading: Yes
  • Islamic Account Available: Yes

VIP Trading Account

  • Min. Deposit: $10,000
  • No. Tradable Products: 120
  • Min. Lots Trade size: 0.01
  • Max. Leverage: 1:300
  • Min. Fixed Spread: 1.5
  • Trading Signals: Yes
  • Mobile Trading: Yes
  • Islamic Account Available: Yes

Commission, Spreads & Leverage

For Micro account, spreads is Fixed as low as 1.8 pips, while for Standard and VIP accounts, the spreads fixed at 1.5 pips or lower. Micro account leverage can be as high as 500:1, but higher account classes are reduced to 300:1 or lower depending on asset item. In some cases the firm will extend leverage as high as 500:1, but caution is advised since leverage can increase losses, as well as enhance gains.

HYCM Leverage

Deposits and Withdrawals

HYCM offers several convenient ways to deposit and withdraw funds. HYCM accepts the usual credit / debit cards, WebMoney, wire transfer, Skrill and other local payment methods. HYCM offers trade accounts with base currencies in USD And EUR. Deposits are also accepted in KWD, SAR and AED and will be converted to USD for trading. HYCM accepts the following payment methods:

  • Credit cards (VISA and Mastercard)
  • WebMoney
  • Wire Transfer
  • Other local payment methods

Deposit and withdraw HYCM

HYCM offers the following four distinct partnership opportunities that were designed to accommodate the requirements of both corporations and private individuals who would like to expand their business and maximize the full potential of capital markets trading:

  • Refer-a-friend
  • Media Affiliates
  • Introducing Brokers
  • White Label Partners
  • Institutional Solutions
Benefits for HYCM partners
  • Security of an FCA regulated, UK-based broker
  • State-of-the-art technology
  • Multiple Trading platforms including MT 4 and mobile
  • Competitive spreads and trading terms
  • Access to exclusive research and educational tools

HYCM Client Services:

There are several other services provided by HYCM Broker to the clients. These includes: Daily Market Outlook, Market News & Analysis, Trading Signal Service and So on.

Daily Outlook

HYCM posts a daily outlook video in their website. Here is the latest outlook prepared by the forex experts working with HYCM:

News and Analysis

Everyday, all latest news, News analysis, Daily market updates and market prediction articles are being posted in HYCM website. Not only their traders but also anyone can visit their site and take the advantage from these.

Trading Signal

HYCM provides trading signals with the help of Award winning Pro-Daily.com service. They also provide access to cutting-edge trading tools used by the world’s largest banks and professional traders. Get trading ideas, technical patterns and insights, and market research now from market leading Trading Central.

Trading Education

HYCM Broker is continuously providing all sorts of educational materials to the new comers in Forex market. They have a number of trading tools available in their website. They also have video tutorials, trading strategy articles, forex basics articles, lots of learning ebooks and more.

Contact & Customer Support

Customer service at HY Markets is top notch and is available 24/5. Clients are supported with multi-lingual and personalized customer service. Traders can get in touch with HYCM customer support team by live chat, email at customerservice@hycm.com, phone or phone call back request. Customer Service is available from Sunday 23:00 GMT to Friday 21:00 GMT. The ways to HYCM support service:

  • Call Back
  • Email
  • Live Chat
  • Telephone

Summery of features:

Now that we have learned about HYCM broker, let’s summarize all the advantages and disadvantages of HYCM Broker.

Advantages:

  • A leader in global Forex market with 35 years of experience
  • Regulated by FCA and other major global regulatory bodies
  • Varieties of instruments from currency pairs and stocks to indices, CFDs, Metals and commodities
  • Available demo account and Three separate live account types to meet the needs of any individuals
  • Free trading signals for Standard and VIP account
  • Multi-lingual Customer support staff available “24×5” via live chat, email, fax, or phone
  • Free trading education, market outlook, news and client support;
  • No slippage or re-quotes problem identified
  • Stop loss orders guaranteed, even when volatile market conditions
  • New proprietary trading platform, PrimeTrader, along with MT4 and mobile platform.

Disadvantages

  • No site using tutorial available
  • Do not accept 3rd party Deposits

Conclusion & Recommendation 

There is no doubt that HYCM Broker is one of the most beginner friendly broker for Forex Trading. They have earned global reputation among for trading excellence, experience, client satisfaction and profound professionalism. As a result, they got numerous awards in different sections of the brokerage firm’s operation.

HYCM Broker has been providing all sorts of services necessary for establishing a user friendly trading environment. Having a personal account manager ready to help, traders can relax and be assured that their needs will be well taken care of by this broker. We would highly recommend this broker for both novice and experienced traders. Remember! Trading with a Industry leader like HYCM Broker will always be rewarding in your trading journey.

Review and Rating of HYCM Broker
  • Customer Support
  • Deposit and Withdrawal
  • Platform Performance
  • Regulation
  • Overall Customer Experience
4.7
User Rating: 4.8 (6 votes)
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About the author

Syed Nazim

Syed Nazim is the Marketing Manager of RedMaroon, a Digital Marketing Agency for Financial Institutions. He is also involved with Forexing24.com as a writer and financial Analyst. He is a brilliant marketing geek with vast experience in every sector of Digital Marketing. He likes sharing strategies, tactics and proven methods to help you build a business and live the life of your dreams.

6 Comments

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  • It has been one month that I started their account with 100$. That was my first trading. When I asked something they respond very quickly. Their customer service is very nice. They guide me how to make a successful trade. An Ideal broker for beginner.

  • I am in forex trading for three years. I work with some broker but among them HYCM seems to me very respectable and good broker. Their support team is awesome.

  • Choose a broker is always tricky task for any traders. As a beginner It was hard to pick the best one. But the six month later, I realize that I picked up the right choice. Yes i tell about HYCM. Their web trading platform is excellent. They offer good spread and leverage. There is no issue.

  • Their Platform is very simple and easy to learn. Their charting tool is excellent. No problem is occured so far. The market news what they provide is so much accurate. The support team is so professional.

  • HYCM is awesome! They allow me to use two trading platforms. So I can trade forex, Stocks and gold etc. I think HYCM got the attention by this great features. Their referral commission is also great. Their customer support is great. I love them.

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