#HYCM review

[tradingacademys]

In-Depth Review Of HYCM - Is This Broker Good?

HYCM is a licensed CFD and forex broker with headquarters in Hong Kong, London, Cyprus, and other cities across the globe. It offers traders a wide range of trading instruments (asset classes), including currency pairs, equities, indices, cryptocurrencies, and ETFs. To accommodate every trading style and level of experience, HYCM provides a number of trading accounts, such as Fixed, Classic, and Raw.

With more than 40 years of experience in the industry and a wide range of tradable products, it is currently one of the top forex brokers. HYCM offers low forex and CFD trading costs. It provides a vast array of high-quality teaching resources. Opening an account is simple and entirely digital. On the other hand, the range of products offered by HYCM is restricted to forex and CFDs. Popular asset classes are absent, like actual stocks. The broker makes use of relatively dated-looking MetaTrader trading interfaces.

Features

The company HYCM has made a name for itself as one of the top suppliers of online CFD and FX trading services.HYCM is a component of the Henyep Capital Markets Group, a global conglomerate of businesses that serves crucial industries like finance, real estate, education, and nonprofits. One of the special features that HYCM customers can use to prevent losing money when trading CFDs is negative balance protection. Due to its complexity, cryptocurrency CFDs have a very high risk of financial loss.

Thanks to negative balance protection, customers are prohibited from ceasing CFD trading before their accounts reach a negative balance. Despite the risks involved, consumers worldwide are drawn to HYCM because of its extremely competitive price policy. Clients aren’t charged any pointless fees, such as the inactivity fee. Stocks, indexes, commodities, ETFs, FX pairings, and cryptocurrencies are just a few of its many items. All other traded items are organised as CFDs, with the exception of trading forex (foreign currency).

To safeguard the security and protection of its clients’ money and data, HYCM employs cutting-edge security measures. Additionally, 128-bit SSL certificates offered by VeriSign encrypt all client data. Unlike other CFD brokers, HYCM’s servers and clients always maintain secure, encrypted connections that adhere to all applicable banking regulations.

Spreads And Commissions

Although the Fixed and Classic account types provide commission-free trading, the spreads are too wide, according to numerous research reports. While the Classic account has a minimum (variable) spread of 1.2 pips, the Fixed account offers a fixed spread of 1.8. On the other hand, the Raw account has a rather competitive price structure (spreads), with a minimum spread cost of 0.2 pips and a commission of 4 USD per round lot (round).

According to research, HYCM has very reasonable CFD and forex trading fees. Most of the time, clients are not charged for trading their deposits or making withdrawals, except for a few circumstances where a specific withdrawal fee applies. Retail forex traders are charged a $30 withdrawal fee on bank wire transfers under $300.According to numerous HYCM reviews (user reviews), swap rates on different overnight positions and a $10 monthly inactivity fee may be applicable, which are somewhat irksome to clients.

Leverage

Different leverage ratios are available to its clients based on their jurisdictions, according to broker reviews: - Metals, indices (US cash and futures), and exotic currency trading firm HYCM Ltd. 

1:500 Indices for FX majors and minors (India or China futures) – 1:33 Other cash indices, EU, HK, and JK futures indexes, and commodities (soft) – 1:50 

Oil prices and US stocks – 1:20 Oil prices (Natural gas) Stocks (Germany, France, and Spain): 1:67 Stocks: 1:10

Pros

Low CFD fees and forex 

Competitive Pricing

Excellent selection of education tools

A wide range of currency pairs are available

Live chat, email, and phone are all ways to contact helpful customer care

Traders get access to the MT4 and MT5 platforms and a free HYCM demo account. 

Cons

Cryptocurrency trading is not supported in all countries 

Some low-tiered accounts have a limited selection of products. 

Inactivity fee may be levied 

Only CFD and forex products are available 

There are no proprietary platforms 

The designs of trading platforms are outdated 

Mobile App 

The MT4 and MT5 trading apps are available on normal Android and iOS devices because HYCM is a MetaTrader(only) broker. But unlike other brokers (brokerage businesses), HYCM does not support proprietary trading software; the HYCM app simply permits registered traders to access the client site. Therefore, the HYCM app only offers the standard MetaTrader app, which is quite a disadvantage compared to its rivals. This is because other MetaTrader-only forex brokers support their own proprietary app, unlike the HYCM app.

Customer Care 

On the broker platform, a specialised HYCM customer care centre is available in several languages (12 languages) and open all day (24 hours), five days a week. The HYCM customer service team can be reached by live chat, fax, phone, email, or fax. It is simpler for clients residing in many international locations to access the platform thanks to the availability of customer support in several different languages, and this makes it one of the finest forex brokers on the market. 

Conclusion

In order to wrap up our HYCM review, one investment tip for traders is to conduct their own thorough study into the regulation of any online trading platform (CFD broker) before choosing it, such as verifying the regulation processes, etc. The broker seems legitimate based on the available HYCM reviews and studies. 

It provides traders worldwide with a dependable platform for trading forex and CFD brokers with the integration of market-leading technology, assuming smooth trading with HYCM and faster transaction execution.HYCM is a broker for people who value a wide selection of trading tools and quick service. The firm is a reliable broker for novice and seasoned traders who can operate on desktop computers and mobile devices.

[nsebullcom]

Why hotter-than-expected CPI on Tuesday may derail a Fed pause in June

Investors are awaiting the consumer-price index data due Tuesday, one day before the Federal Open Market Committee concludes its meeting on Wednesday. The consensus is that the Fed will keep its interest rate unchanged at the conclusion of this week’s meeting. Fed fund futures traders are pricing a 76.9% likelihood that the Federal Reserve will keep its interest rate stable this week, leaving the main policy rate target in the range of 5% to 5.25%, according to the CME FedWatch tool. But that could change, if the May inflation numbers arrive hotter than expected, some analysts said. Economists polled by The Wall Street Journal forecast a 0.1% increase in the May CPI, which would slow the year-over-year rate to 4% from 4.9% in April. Core CPI, which excludes volatile food and energy prices, is expected to rise 0.4% in May, with the year-over-year rate at 5.3% versus 5.5% in April. The May inflation data is particularly important as it “will be the final inflation measure the Federal Reserve reviews before announcing its rate hike decision on Wednesday,” Brent Schutte, chief investment officer at the Northwestern Mutual Wealth Management Company, wrote in emailed comments Monday. If the core inflation numbers arrive higher than anticipated, “I think we’ll see chances move much more closely to a coin toss for the Federal Reserve to hike on Wednesday, and then people who are expecting a kind of halt will dial back their expectations,” Giles Coghlan, chief market analyst at HYCM, said in a phone interview. Last week, Canadian, Australian central banks both delivered unexpected rate hikes, citing a sticky inflation backdrop and resilient job markets. Read: Why U.S. stock-market investors were rattled by the Bank of Canada’s surprise rate hike Padhraic Garvey, ING’s head of global debt and rates strategy, echoed Coghlan’s point. While it is most likely that the Fed will keep its interest rate unchanged this week, if the core CPI sees a “shock” 0.5% increase in May, “that could be sufficient to convince enough FOMC members to vote for a hike,” Garvey said. “The Fed wants to see 0.2% month-on-month or below CPI readings to be confident inflation will return to 2%,” Garvey wrote in a recent note. “We aren’t there yet so if they do hold rates steady , as we predict, it is likely to be a hawkish hold with the door left open to further rate hikes if inflation doesn’t slow – July is clearly a risk.” Some Fed officials recently said that they were leaning toward skipping an interest-rate increase in June, but didn’t rule out rate increases in following meetings. U.S. stocks rose on Monday, with the Dow Jones Industrial Average DJIA, +0.56% up about 179 points, or 0.5%. The S&P 500 SPX, +0.93% gaining 0.9% and the Nasdaq Composite COMP, +1.53% advancing 1.5%. Source link Read the full article

[buzzmeclick]

HYCM Broker Review 2023: Get the Most Reliable Forex Trading Experience

HYCM Broker Review 2023: Get the Most Reliable Forex Trading Experience

HYCM Broker Review 2023 – HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA. HYCM has low forex and CFD trading fees. It offers a wide selection of quality educational tools. The account opening is easy and fully digital. On the flip side, HYCM’s product portfolio is limited to forex and CFDs. Popular asset classes, such as real…

[abigailswager]

HYCM Cryptocurrencies Trading Details

New Post has been published on https://cryptocurrenciestrading.com/broker-reviews/hycm-cryptocurrencies-trading-details/

HYCM Cryptocurrencies Trading Details

Top5 Brokers for Cryptocurrency Trading

Visit EtoroVisit XTBVisit RoboforexVisit AvatradeVisit LegacyFXVisit HYCMRead ReviewRead ReviewRead ReviewRead ReviewRead ReviewRead Review

  HYCM Review |  HYCM Cryptocurrencies Trading Details

HYCM is based in London and has been operating on the financial market for decades. In 1977, Henyep Group was established and was starting to provide financial trading and investing services.

In 1998, Henyep Capital Markets (HYCM) obtained an FCA license in the UK. HYCM also has offices in Hong Kong, Dubai, Kuwait and Cyprus.

HYCM is well known throughout the world as one of the oldest and reputable brokers. The official HYCM website has more than 500,000 visits per month.

  Four different regulatory entities control HYCM:

Company Regulator Country Henyep Capital Markets (UK) Limited FCA UK HYCM (Europe) Ltd. CySEC Europe Henyep Securities Limited SFC Hong Kong Henyep Capital Markets (DIFC) Limited DFSA Dubai

HYCM Cryptocurrencies Trading conditions

Instruments Account TypesMin. Spread Fixed Classic Raw BTCUSD 3500 3210 3210 LTCUSD 40 35 35 ETHUSD 200 181 181 XRPUSD 60 50 50 BABUSD 600 501 501 BTGUSD 150 140 140 BTCEUR 3500 2500 2500 DSHUSD 150 100 100 ETCUSD 100 60 60 IOTUSD 100 90 90 XMRUSD 150 135 135 NEOUSD 100 40 40 QTMUSD 300 80 80 ZECUSD 150 135 135

  HYCM Cryptocurrency Leverage

HYCM LTD (CIMA) Henyep Capital Markets (UK) Ltd (FCA) HYCM (Europe) Ltd (CySEC) MT5 MT4 MT4 & MT5 MT4 & MT5 1:20 1:20 1:02 N/A

  Instruments Swap Long Swap Short Lot Size Min. Trade Size Value Per Tick Platforms BTCUSD -20.00% -20.00% 10 Bitcoins 0.1 Bitcoins 0.10 USD

MT4 MT5

LTCUSD -20.00% -20.00% 100 Litecoin 1 Litecoin 1 USD MT4 MT5 ETHUSD -20.00% -20.00% 10 Ethereum 0.1 Ethereum 0.10 USD MT4 MT5 XRPUSD -20.00% -20.00% 1000 Ripple 10 Ripple 0.10 USD MT4 MT5 BABUSD -20.00% -20.00% 100 Bitcoin ABC 0.1 Bitcoin ABC 0.10 USD MT4 MT5 BTGUSD -20.00% -20.00% 100 Bitcoin Gold 1 Bitcoin Gold 0.10 USD MT5 BTCEUR -20.00% -20.00% 10 Bitcoin 1 Bitcoin Gold 0.10 EUR MT5 DSHUSD -20.00% -20.00% 100 Dash 1 Dash 1.0 USD MT5 ETCUSD -20.00% -20.00% 1000 Ethereum Cls 10 Ethereum Cls 0.1 USD MT5 IOTUSD -20.00% -20.00% 10000 Iota 100 Iota 1 USD MT5 XMRUSD -20.00% -20.00% 100 Monero 1 Monero 1.0 USD MT5 NEOUSD -20.00% -20.00% 1000 Neo 10 Neo 0.1 USD MT5 QTMUSD -20.00% -20.00% 1000 Qtum 10 Qtum 0.1 USD MT5 ZECUSD -20.00% -20.00% 100 Zcash 1 Zcash 1.0 USD MT5

  HYCM Trading Platforms

They offer several well-known platforms making it easy on both new customers and those transitioning from a different trading platform.

MT4

MetaTrader 4 is one of the best-known names in the industry. User-friendly and with an easy to navigate interface, it is suitable for all Forex traders. Equipped with Expert Advisors feature facilitating automatic trades, it is probably one of the best choices available on the market.

MT5

MetaTrader 5 is a powerful multi-functional, multi-asset platform featuring advanced technical analysis, fundamental analysis, flexible trading systems and compatibility with automated trading applications (trading robots, Expert Advisors).

MT5 offers additional timeframes and services, including 21 timetables, six types of pending orders, and an integrated fundamental economic calendar.

CFDs for Currencies, Stocks, Indices, Futures, Commodities and Cryptocurrencies at your service on one trading account. Monitor and trade one of the world’s largest financial markets! This platform is the latest version of the metaquotes MetaTrader series. The entire industry will eventually convert to the MetaTrader 5, HYCM is just ahead of the curve.

HYCM Account Types

Depending on your trading requirements HYCM offers three different account types Micro Account is best suited for new traders. The minimum required a deposit is $100. Leverages go up to 1:500 and the minimum fixed spread is 1.8.

Standard Account is for more experienced traders. With the minimum deposit o $1,000, Standard Account comes with leverages up to 1:300 and the spread of 1.5.

VIP Account is designed for professional traders. It requires a deposit of $10,000 and comes with no limitations. All products and services are available to VIPs.

Islamic Account: Islamic accounts are available for all three levels for traders compliant with the Sharia law.

[binoption-blog]

Choosing a Reliable CFD Broker

Unlike other financial instruments, contracts for differences are treated dealing broker and not in a centralized stock exchange. Therefore, it is possible to see the price differences between the brokers, but also the brokers who are not able to fulfill their obligations.

Before opening a CFD trading account, operators must ensure that the broker is regulated by a regulated body such as FCA.

A CFD provider acts as counterparty in a transaction, we cannot emphasize enough the importance of choosing a CFD broker regulated by a recognized body. It is also useful to examine the forms of account opening to verify the CFD broker gives sufficient information about the risks associated with CFD trading. This can give you an idea of ​​how the agent conducts his business and if it is a brokerage company that has a serious intention to have a lasting relationship with his clients.

Another point to a broker, it is easy to argue that you are registered, you should always check with the regulator if the broker has registered and that there were no unresolved complaints against him.

CFD brokers are registered with serious regulatory agencies in the countries in which they operate and that comply with the laws and regulations of the authorities. The majority chooses European operator for brokers that are regulated in the UK by the FCA in France by the ACP (Prudential Control Authority) or by a European body after the MiFID (Directive on Markets in Financial Instruments), in addition to ACP, the broker must be approved by the AMF in France.

What is the CFD broker's policy on the use of client money? The law establishes the requirements on how to treat CFD brokerage houses with their clients' money. CFD brokers do not use all the money of the clients in the same way. Some offer more protection than others, including separate accounts, so make sure you know the broker before opening an account.

Do you want to find a reliable broker that has a good reputation in the trade industry? Regulation puts the power of law on your side, but you should also check the financial strength and reputation of the broker. Take HYCM for example. This broker is regulated is 3 regulatory bodies ( FCA, CySEC, and CIMA.). HYCM has been operating for more than 40 years and is a very trusted CFD forex broker.

It can also be interesting to see if the broker invests significant resources for the training and education of its clients. Again, this is an indication of your long-term commitment.

For example, you can look for referrals from satisfied customers in investment forums, but I am taking to filter suspicious messages as enthusiastic reviews can be faked or generated by friends and dealer relationships (otherwise it is also possible that comments negative). The comments must be capable beings supported by facts or sources of trusts.

Many brokers are honest and work to establish and maintain their reputation. Unfortunately on the Internet, there are always crooks in all areas related to money.

[fxviet102]

HYCM là gì? Review sàn HYCM chi tiết nhất

HYCM là gì? Review sàn HYCM chi tiết nhất

HYCM – một sàn giao dịch ngoại hối và CFDs hoạt động hơn 40 năm trong lĩnh v���c tài chính. Trong suốt quá trình hoạt động, sàn HYCM đã đạt được nhiều thành công nhất định cũng như tạo dựng được lòng tin của nhiều khách hàng. Nếu bạn vẫn còn đang thắc mắc HYCM là gì? Sàn HYCM broker có uy tín để đầu tư hay không? Cùng Fx.com.vn đi tìm hiểu về sàn HYCM thông qua bài viết hôm nay nhé! Thông tin tổng…

[lueesa]

HYCM Broker Review – How Does This Broker Rank?

[reviewbroker90-blog]

This firm is really intuitive, reliable and loyal. So, GO Markets First Choice for Forex is definitely a known phase when you are planning to invest money in the trading platform.

[reviewfxbroker68-blog]

The broker’s trading platforms are Webtrader and the world’s most popular trading software – MetaTrader4. The trading accounts start from $100 with leverage reaching up to 200:1 and tight spreads on major currency crosses ranging from 0.5 to 2 pips. The spread can be both fixed and variable. Traders can also try the broker’s services using free demo accounts. The usage of expert advisors is allowed, automated trading is possible. Henyep Capital markets broker allows to use “hedging” trading strategy.

[reviewfxbroker558-blog]

The broker’s trading platforms are Webtrader and the world’s most popular trading software – MetaTrader4. The trading accounts start from $100 with leverage reaching up to 200:1 and tight spreads on major currency crosses ranging from 0.5 to 2 pips. The spread can be both fixed and variable

[reviewfxbrokers557-blog]

On the company’s profile page at our website you can read HYCM reviews by other traders as well as write your personal HYCM review of your personal experience with the broker. To add a forex review or to answer other traders in this forex broker ratings you need to login to the site. HYCM news and reviews of financial events are also available in our website.

[brokerreviewfx-blog]

The platform also offers Freeze Rate** which allows freezing a rate for a few seconds to decide whether to buy or sell, or open or close a trade, with the frozen rate.

[binoption-blog]

#HYCM is a #forex and #CFD broker that has been operating for more than 40 years.

Key features of this broker:

> Regulation by 3 regulatory bodies.

> Over 300+ assets with 5 different asset classes.

> Max Leverage of 1:200

> MT4/MT5 platform supported

https://www.binoption.net/hycm-review/

[reviewfxbrokers668-blog]

HYCM forex customer support team is multilingual and equipped of highly professional personnel always ready to solve any customers’ issues fast and effectively. The depositing and profit withdrawal in HYCM are fast and available with the usage of a wide range of payment systems, including all the most popular currently.