Who is HYCM
HYCM is a renowned Forex broker with over 40 years of business operation. HYCM is the trading name (brand name), and one of group companies of Henyep Capital Markets Group, an international conglomerate with business in finance, real estate, education and charity.
HYCM is a global award-winning brokerage which has 5 main offices abroad, global clientele in 140 countries. The company’s value is the heritage that they have established through over 40 years of experience and trust. For further details check the official website
HYCM Official Website
Advantages of HYCM
Since the establishment of business in late 70’s HYCM has gained its strong presence in the financial business. Among several advantages in HYCM, the main core one is the trust and outstanding presence that no other brokers can be compared. In order to survive in the fast paced financial business over 40 years, every agenda such product line-up, risk management, innovative thinking, global trend must be considered. HYCM has successfully continued the business journey by gaining the trust from clients, and acquiring financial licence in the local financial regulator.
Talking about the spread offered in HYCM, it starts from 0.2pips which is narrow and appreciated. Traders can choose an account among three accounts to see the best offered spread. The products line-up is excellent, which you can trade over 300 financial instruments. If you want to start to sign up in a trusted broker, click the below icon.
HYCM Company Information
HYCM is founded in 1977, and its headquarter is located in Hong Kong. The regional offices are in London, Dubai, and Limassol. The company’s startup base was initiated as a member of Hong Kong’s Gold and Silver Exchange Society.
This established company has its regulatory licenses in UK, Cyprus, Cayman islands, and DUBAI as follows:
- Financial Conduct Authority with reference number 186171
- Cyprus Securities and Exchange Commission with reference number 259/14
- Cayman Islands Monetary A with reference number 1442413
- Dubai Financial Services Authority with reference number 00048
HYCM acknowledges that the safe of funds and segregated funds are important agenda for them. It is assured and announced in the official website. For more details and the latest information contact the customer support .
HYCM’s Trading and Service Conditions
What makes clients surprise about the trading services in HYCM is the abundant range of financial products. The enriched product-line is listed in a ‘easy-to-see’ style, which you can find out the name of product, spread, account type, platform, commission at glance in forex, stocks, indices, commodities and cryptocurrencies.
Cryptocurrency Trading with HYCM
HYCM has introduced the cryptocurrency trading back in early 2017, and now provides 14 pairs of Cryptocurrency. The variety of cryptocurrency line-up is offered in HYCM, while the other competitive brokers has only limited number of cryptocurrency pairs.
- Bitcoin
- Litecoin
- Ethereum
- Ripple
- Dash
- Iota
- Monero
- Qtum
- Zcash
Which cryptocurrency do you the most? If you like this amazing range of trading chance for cryptocurrency, sign up today
HYCM’s trading Account Type
There are 3 types of accounts provided in HYCM: FIXED, CLASSIC, RAW.
The minimum deposit amount in all these accounts start from $100 to $200, so it is good news for clients to newly start with. Also, if you are not sure about which account is appropriate for yourself, there is an account assessment to lead you to the most appropriate one. That is very helpful.
The leverage ratio can be applied on each account type depending on under which license and regulation your account is set. Therefore, it is recommended to check when you sign up an account. Islamic account, so called swap free function is attached in all three accounts. Take an advantage of it now!
| Fixed | Classic | Raw | |
|---|---|---|---|
| Min.Deposit | $100 | $100 | $200 |
| Spread from | 1.8 | 1.2 | 0.2 |
| EA availability | No | Yes | Yes |
Fund Deposit and Withdrawal with HYCM
Sometimes we may think the more options provided, the better it is. well, it is not the case always because by choosing a seemingly easy method could end up in paying more commission. The payment methods offered in HYCM is very simple with Bank wire, credit card, webmoney, skrill and Neteller. In case of credit card, you can choose one in 5 currencies:USD, EUR, RUB, AED, CAD. If you may have a certain request about payment method, just ask to the professional support team.
| Option | Minimum Deposit |
|---|---|
| Bank wire | $250 |
| Credit card(visa/master) | $50 |
| Webmoney | $50 |
| Skrill | $50 |
| Neteller | $50 |
Bonus Promotions of HYCM
HYCM has currently no promotional offer. This is because the company mainly focuses on the service in the real but not the marketing aspect which tends to slide the attention of traders into different direction rather than the real service offered in brokers. Therefore, with its long professional experiences in the financial market, HYCM further challenge to enrich their own products, platform, trading tools.
Check the official site and sign up an account today.
Other features and options
By now if you are assured about the credibility and safety trading environment in HYCM, there are interesting program for clients to cooperate with the company. That is 3 types partnership program: Affiliate program, Introducing Broker, White Label. For further details, check the latest information in the official site.
HYCM Official Website
As a summary, BESTFX must mention that HYCM is one of the most trustable brokers, therefore highly worthwhile to open an account in the broker where over 40 years of business has thrived.
