HYCM review 2025 ++ Scam or not? Real broker test

HYCM review 2025 ++ Scam or not? Real broker test

Then you answer a few questions about your background and hycm review financial knowledge. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading.

Fixed Spread Accounts are an appropriate choice for UAE retail clients who prefer to trade smaller volumes. The broker will not charge any commissions and offers fixed spreads that start as low as 1.8 pips. Overall, HYCM’s fees are competitive within the industry, offering a range of pricing models to suit different trading styles and preferences. HYCM offers a variety of account types designed to cater to different trading preferences and experience levels.

What Can I Trade With HYCM?

With access to over 300+ trading instruments, including Forex, stocks, commodities, and cryptocurrencies, HYCM provides traders with diverse opportunities. HYCM has a limited but diversified product portfolio of over 300 trading instruments. These trading instruments are from popular asset classes such as forex, stocks, indices, cryptocurrencies, commodities, and ETFs. HYCM fixed spread account requires a minimum deposit of $100.

• But more than 40 years of experience in the forex trading industry distinguished HYCM from its competitors.
• I trade major currency pairs with this broker, so I don’t care whether the choice of assets is richest or not.
• Like the other educational resources, these are available on the HYCM website without logging in.
• Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
• HYCM provides the MetaTrader 4 and MetaTrader 5 platforms.
• They are extremely well-established in the industry and provide some of the very best experiences to traders who value a robust, intuitive, comprehensive trading experience.

Cost Structure and Fees

Among the positive things I certainly want to mention the demo, because it always allows you to practice and try something new. But webinars here, although the content is good, but they are very rare and cannot be used as a regular part of the work. HYCM stands out with its strong regulatory presence across top-tier jurisdictions such as FCA and DFSA, ensuring a high level of safety and credibility. However, other brokers like OANDA and CMC Markets benefit from even wider regulatory coverage across multiple regions. In terms of funding methods, HYCM offers numerous payment methods which are a very good plus, yet check according to its regulations whether the method is available or not. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts.

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As a scalper, I’m interested in the tightest possible spreads. So, I chose a Raw account because it offers strikingly low spreads (0,2 pips). That’s not a big problem for me since I know enough about these classical solutions. Some people require custom-made platforms, others opt for advanced alternatives to MTs such as cTrader. Nevertheless, MTs are still the number one trading terminals and most probably will retain their status in the near future. Offering MTs only, HYCM caters to conservative traders and this is a logical move for a veteran broker.

Swap-Free Account Fees

• Other competitors providing Trading Central include Libertex.
• I tested the terminal during the day and night and made sure that the execution of transactions is clear at all times.
• HYCM offers a variety of account types designed to cater to different trading preferences and experience levels.
• Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
• This section contains the tutorials of MetaTrader trading platforms and their functionalities, installing indicators, and some basic chart patterns recognition.
• With a huge range of built-in indicators and trading templates for technical chart analysis, MT4 can be tailored to your specific needs.
• Head to Trading Account, then choose “Create Demo Account.” You can have a demo account even if you have not submitted documentation yet to verify your account.

After extensive research for our HYCM broker review, our team feels confident recommending this broker. There is a low minimum deposit and more than 300 instruments to choose from across five asset classes. HYCM has a well-rounded educational section with useful weekly live webinars available to all clients. With 40 years of experience, the broker has a well-deserved strong reputation.

Hidden Fees

HYCM stands out with strong regulatory backing from authorities like the FCA and DFSA. Additionally, with a low minimum deposit requirement, it is accessible to traders of all levels, making it a solid choice in the brokerage market. In conclusion, HYCM is a strong and reliable company in the financial market. It is considered a trustworthy broker, offering safe and highly favorable trading conditions. The broker provides professional services to traders and operates under strict regulatory oversight, earning high regard from its clients. To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of HYCM’s trading platforms.

Besides HYCM maintains powerful trading capabilities, offering an advanced range of trading instruments and accompanying its clients with dedicated support. HYCM has no fixed minimum deposit, as the minimum deposit depends on the trader’s preferred account type. Clients complained of limited asset selection, issues with withdrawal, lack of a social trading platform, and copy trading features.

It’s also compatible with automated trading applications such as Expert Advisors and Trading Central. It opens with four charts which traders can customize and configure each with unique indicators and technical analysis tools. Here’s a summary of HYCM’s deposit and withdrawal processes, including any fees trades may incur. To open a demo account, traders must go to their Client Portal and click on ‘Create Demo Account‘ under the ‘Trading Account’ menu.