HYCM Forex Broker Review
HYCM Forex Broker has been offering Ethereum not for that long. following the trend in the market they have added this cryptoCurrency to their asset index
HYCM Forex Broker | is working out or London, UK, for people that have been trading for a while they know this brand as HYCM is one of the oldest, best known Forex brokers in the market. When they were founded 35 years+ ago they were called HY Markets
HYCM is regulated and licensed in the United Kingdom which insures that they are on the level.
HYCM Forex Broker General Features
With years of working under their belt HYCM has made the customer relations and understanding what their clients’ needs their second nature. They have a 24 hours a day during the work week (Monday – Friday). Available methods to reach them include email, live chat, and even a telephone line. There are different email addresses for different inquiries
The have a solid platform to trade from and offer an HYCM mobile app for most types of phones.
Their customer service and support is readily available around the clock if you need them (something you should never underestimate) and their support is available around the clock.
for those that are looking for a top Bitcoin Broker, HYCM Forex Brokeris solid choice where you cannot go wrong also when trading cryptocurrencies.
HYCM Forex Broker offered Trading Platforms
Regardless of your trading requirements HYCM probably has the right trading platform for you. They offer multiple renowned trading platforms offering the right tools for new traders and for traders that are coming from other brokers.
is the main trading platform of HYCM. This is a solid Trading platform that allows the trader to see what he is doing in a understandable way, with good customization options and nice graphs.
- MetaTrader 4 is and has been for the last couple of years “a must have” platform for most brokers unless they aim for another nice of traders. This MT4 is set up properly and offer you all the trading features that have come to love and expect from this platform.
They have put some good effort to enter also the mobile industry and their mobile trading platform is intuitive and stable and allows you full trading capability on the go.
They offer Leverages ranging from 50:1 till 400:1, which is dictated by the currency pairs you are trading
A special feature that they offer is the free signal service that is integrated in their MT4 giving the traders amazing trading opportunities. the quality of the signals is fair to good and if you combine them with another forex signal service for verification then you should be able to get enough quality forex signals to find your daily trades depending on the selected currency pairs.
Their regulation here dictates what they are able to offer as compliance rules for the regulation in the UK is not that easy. That said HYCM has all the basic banking solutions set up for you , through Bank wire and all major credit and debit cards like MasterCard and Visa.
The offer also Bank through a few of online e-wallets, including Union Pay and Web-Money.
the same methods that you use in order to deposit you can also use to withdraw your funds.
For some of the methods this process might take a few days till up to a week but there are free of fees getting the exact amount you requested.
The only exception to this rule is, the bank transfer, may have charges due to your bank’s processing fees not because of this broker.
HYCM Forex Broker Resources and Account Types
Depending on your trading wishes and requirements, HYCM Forex Broker offers three different types of account.
- Micro Account, which is best suited for new traders. The minimum required deposit is only $100. Leverages go up to 1:500 and the minimum fixed spread is 1.8.
- Standard Account is for more seasoned and experienced traders. With the minimum deposit of $1,000, leverages up to 1:300 and the spread of 1.5.
- VIP Account is for the professional traders. This account requires a deposit of $10,000 and has no limitations. As a VIP you are treated as a VIP meaning your wish is pretty much their command , within reason of course.
They offer full Islamic accounts (halal Trading) for all three levels for traders compliant with the Sharia law.
They have a full-service education center that takes you through the steps of trading if you so require.
HYCM Promos & Bonuses
For the best promotions I will always suggest to talk to them , since this sometimes season based and depends also on the amount you are looking to invest. the Normal Promotions is 25% of your initial deposit with a maximum of $5000 as a welcomebonus
In short, this is a good broker that has the best trading platforms for you to trade on and has the experience to make your trading experience a pleasant one , they understand the need of good service and have one of the best Mobile trading application in the market at the moment. At the same time now that they offer Ethereum they have rightfully earned a spot among our one of our TOP ETHEREUM BROKERS
HYCM Forex Broker Details
|Number Of Employees||200|
|Contact Information||Tel:+44 – 208 – 816 – 7812|
|Deposit Options||Credit Card, Skrill, Webmoney, Wire Transfer|
|withdrawal Options||Credit Card, Skrill, Webmoney, Wire Transfer|
|24 Hours Support||Yes|
|Support During Weekends||Yes|
|Customer Support Languages||Arabic, English|
|Supported Trading Platforms||MT4|
|Commission On Trades||No|
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