How would you review the quality of HYCM broker’s service?

There are five different email addresses on the HY Markets website so that you can easily contact the relevant department to resolve issues or answer questions. Fortunately, HYCM was recommended to me as a veteran broker with hy-markets rich experience. I have recently had an unpleasant issue with my ex-broker. I remember someday I even failed to enter the market at the desired price. I like to watch various webinars or informational videos about Forex.

Based on our research, we found that HYCM provides a rich collection of educational materials which offers all the necessary knowledge for successful trading. We learned that HYCM supports any case and questioning through its established 24h customer service available in various languages and performed via the service desks covering global needs. Even though, customer service is available on working days only it is quite responsive and reachable via Live Chat, International Phone lines, email, etc.

HYCM education and research are good quality and you can use various options to deposit or withdraw funds. HYCM offers a varying fee structure, which allows investors to choose the spread option that’s best for them. A wide range of educational and investing tools are available, which can be equally beneficial to both experienced and novice traders.

• But, I think the broker could improve the leverage.
• Any indication of past performance or simulated past performance included in advertisements published by HYCM is not a reliable indicator of future results.
• In fact, it shows that the broker is interested in the success of its customers.
• Both the platforms can be easily downloaded and installed from the broker’s website.
• By the way, it will not be possible to withdraw less than 10 bucks, such rules.
• The economic calendar keeps track of all the latest forex related news and information.

They can’t beat a full-fledged desktop platform in terms of functionality. This broker absolutely suites me but I trade on its Metatrader and not on its app. Another thing that was if not very important to me, but nevertheless was a nice bonus is the availability of withdrawal to Webmoney system. I created Forex brokers myself this wallet more than 15 years ago, when the whole world was just starting online trading. Yes, the commissions may be large, but how convenient it is for online payments. The broker offers different options for using the platform for trading, offering desktop and web versions of the MT4 platform.

When you choose the path of a trader you face many moments, which are unexpected for you. And you need to cope with it and do something to adapt to new and unusual https://forexreviewdaily.com/hycm/ situations. And that’s the test you need to pass to test your strength. Of course you have some support here, if you have a normal brokerage company.

Broker Types

As a result, I opened a cent account with him first, and then a classic one. I have been cooperating with the company for a couple of years. During this time, there were no special problems with her. I continue to use the cent account to test strategies. But not so long ago I had an unpleasant moment Forex brokers regarding the delay in withdrawing money from the account. The application was processed in a couple of hours, but the money went for about a week. It also keeps them aware of various other brokerage services available in various markets and trading opportunities in other countries of the world.

I also had a chance to talk to the customer support and I found it very effective. https://forexreviewdaily.com/ All of my questions were answered and I got all the necessary information.

HYCM review

The customer carries the sole responsibility for all the businesses or investments that are carried out at HYCM. Linda started her writing career more than 25 years ago as a newspaper journalist in South Africa, where she obtained an MPhil degree in journalism from the University of Stellenbosch. She’s been freelancing from her new home in Austria for the past ten years. Yes, HYCM is regulated by the Cyprus Securities Exchange , the Financial Conduct Authority , the Cayman Islands Monetary Authority , and the Dubai Financial Services Authority . HYCM has been operating for over 40 years and is regulated in multiple jurisdictions. See how clients are covered by the FCA and CySec.

In November I have made +15% to my deposit, but I’m investing in long term and I boomed on stocks, I think that’s more about luck, than about my skills. Positive reviews on respected websites, which adds to the confidence that the broker is good not only “”on paper””, but also in “”real trading””. Choosing a broker you want to get everything at once, because you have already read that today brokers offer truly fabulous conditions, the main thing is that you have money. HYCM offers MT4 and MetaQuotes has designed app for iOS . Just follow Trading – Metatrader 4 on the official website, there will be button ‘Download on the App Store’. When I started trading here, I analyzed in detail all the data provided by the broker, and on the whole nothing seemed suspicious or ambiguous to me.

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Of course, the advantages are much more than disadvantages. I’ve seen a few other small flaws in brokerage work, but they didn’t mess up my trading, so it is irrelevant to write about them. Working with HYCM is nice, it’s a professional broker. Otherwise, https://www.forbes.com/advisor/investing/what-is-forex-trading/ the brokerage is very good, it is more than profitable to trade with it. The disadvantages are that not all accounts are allowed to trade with EAs. Still, you must agree that not every broker can be on the market for such a long time.

Account Types

It can boost your trading, but only if you would work hard and would try to become better. Don’t expect that education would be a magic wand that would make you a great trader. But it’s usefull, I was learning with HYCM and now I’m making money with trading and that’s my only one income source.

And then I faced the first problem – it has quite different types of accounts. But on the broker’s website I found a test that helps a trader to choose an account. I remember that I was very happy that I found this test. By the way, I chose a classic account, and I traded on it for several weeks. HYCM broker is now a well-known one, I constantly meet reviews about HYCM and they are positive enough for me to pay attention to the company. The main thing is undoubtedly that they are a regulated broker, and that you can count on long-term cooperation. I have been following the same path, at first I traded on a demo account for a little over a month and now I am already on a real account.

I believe that this is the best solution for advanced traders. Some are regulated by really goodworthy bodies, like CySEC. However, some of them are offshore regulated companies.