REVIEW HYCM (HY MARKETS)

HYCM REVIEW SUMMARY

  • Broker Type: STP
  • US Traders: NO
  • Islamic Accounts: YES
  • HYCM Regulation: FCA UK (186171), MiFID (EU)
  • HYCM Platforms: MetaTrader4, MT4 Web, HY Web-Trader, and the HY Pro Currenex
  • Mobile Trading: iPhone, iPad, Android,
  • Automated Trading & Scalping: Yes both
  • HYCM Assets: Forex, Stocks, Indices, Metals, Energy
  • HYCM Minimum Account: $50
  • Fund Methods: Cards, Bank Wire, WebMoney, MoneyBookers, Paypal
  • HYCM Welcome Bonus: 10% Credit Bonus

 

» HYCM Online Trading 

HYCM FULL REVIEW

Introduction to HYCM

HYCM is an STP Forex broker established in 1999

HYCM Headquarters: London, UK (other offices in Hong Kong, and the United Arab Emirates)

HYCM Regulation: FCA UK (186171), MiFID (EU)

HYCM Foundation: 1999

HYCM Account Segregation: YES (segregation of retail funds with top-tier British Banking Institutions)

 

HYCM FOREX ASSET INDEX

Very wide Forex Asset Index, you can trade also the USD Index as an asset (SPT_DXY -USD INDEX).

ALL HYCM FOREX ASSETS
EURUSD -EURO VS USD USDZAR -USD VS SOUTH AFRICAN RAND GBPJPY -BRITISH POUND VS JAPANESE YEN EURPLN -EURO VS POLISH ZLOTY
USDJPY -USD VS JAPANESE YEN USDSEK -USD VS SWEDISH KRONA GBPNZD -BRITISH POUND VS NEW ZEALAND DOLLAR EURCHF -EURO VS SWISS FRANC
GBPUSD -BRITISH POUND VS USD USDTRY -USD VS TURKISH LIRA GBPCHF -BRITISH POUND VS SWISS FRANC EURTRY -EURO VS TURKISH LIRA
USDCHF -USD VS SWISS FRANC USDINR_1 -USD VS INDIAN RUPEE MONTHLY CFD CADJPY -CANADIAN DOLLAR VS JAPANESE YEN NZDCAD -NEW ZEALAND DOLLAR VS CANADIAN DOLLAR
AUDUSD -AUSTRALIAN DOLLAR VS USD USDRUB_1 -USD VS RUSSIAN ROUBLE MONTHLY CFD CADCHF -CANADIAN DOLLAR VS SWISS FRANC NZDJPY -NEW ZEALAND DOLLAR VS JAPANESE YEN
USDCAD -USD VS CANADIAN DOLLAR AUDCAD -AUSTRALIAN DOLLAR VS CANADIAN DOLLAR EURAUD -EURO VS AUSTRALIAN DOLLAR NZDCHF -NEW ZEALAND DOLLAR VS SWISS FRANC
NZDUSD -NEW ZEALAND DOLLAR VS USD AUDJPY -AUSTRALIAN DOLLAR VS JAPANESE YEN EURGBP -EURO VS BRITISH POUND CHFJPY -SWISS FRANC VS JAPANESE YEN
USDHUF -USD VS HUNGARIAN FORINT AUDNZD -AUSTRALIAN DOLLAR VS NEW ZEALAND DOLLAR EURCAD -EURO VS CANADIAN DOLLAR SPT_DXY -USD INDEX 
USDMXN -USD VS MEXICAN PESO AUDCHF -AUSTRALIAN DOLLAR VS SWISS FRANC EURHUF -EURO VS HUNGARIAN FORINT  
USDNOK -USD VS NORWEGIAN KRONE GBPAUD -BRITISH POUND VS AUSTRALIAN DOLLAR EURJPY -EURO VS JAPANESE YEN  
USDPLN -USD VS POLISH ZLOT GBPCAD -BRITISH POUND VS CANADIAN DOLLAR EURNZD -EURO VS NEW ZEALAND DOLLAR  

Other HY Markets Trading Instruments

• Spot Gold and Silver 
• Crude Oil (OTC Futures)
• DJ, NASDAQ, and S&P (OTC Futures) 
• Commodities (OTC Futures)
• Equities (CFDs)

BUY THE BOOK "THE HIDDEN PATTERNS BEHIND 15 FOREX PAIRS" AT AMAZON BOOKS

 

HYCM TRADING PLATFORMS & TECHNOLOGY

HYCM provides: MetaTrader4, MT4 Web, HY Web-Trader, and the HY Currenex

HYCMMobile Trading: iPhone, iPad, Android

Automated Trading: YES

Scalping: NO

PAMM / MAM Accounts: YES / NO

HYCM provides also timely market information, advanced charting systems, and a wide variety of technical analysis tools. Here is more information about the HYCM trading platforms:

HY Webtrader Platform

  • 100% Web-based Platform
  • User-friendly Interface for Forex beginners
  • Real-time price streaming
  • Integrating advanced charting, economic calendar, news and updates
  • Online account management
  • Dealer’s Desk (DD) Operation
  • Innovative widgets
  • Trade all financial markets using one integrated account
  • No slippage on execution

HY MT4 Download Platform

  • Windows-Based Trading Platform
  • Trade all Financial markets using one account
  • Advanced trading and charting tools
  • Advanced Technical Analysis tools
  • Account Manager / VIP dealer service
  • Journal and event log

HY MT4 Webtrader Platform

  • Web-Based MT4 / Trade via any browser
  • No download/install required
  • Real-time streaming prices
  • Online account information
  • Advanced charting tools

HY Currenex Pro Platform

  • Designed for pro traders who need trade higher volumes
  • Fast interbank pricing (deepest liquidity)
  • No dealing desk (NDD)
  • Multiple order types
  • Algorithmic Forex Trading
  • Real-time news and technical analysis

HY MT4 Mobile

  • Integrated with MetaTrader4 Account
  • A complete trading environment with full capabilities
  • Mobile Charting
  • Full account information

HYCM TRADING ACCOUNTS

These are the HYCM account types:

ACCOUNTS MINI STANDARD PREMIUM HY PRO
Minimum Deposit $50 $750 $2,500 $5,000
Trading Platforms HY Webtrader, HY MetaTrader, HY Mobile Trader CurreneX Pro Platform
Typical Min. Spread 1.8 pip 1.8 pip 1.8 pip 0.4 pip
Trading Commissions NO YES
Available Assets

Over 40 Forex Pairs, Shares, Indices, Commodities

Leverage 30:1
Lot size 0.02 0.10 1.00 0.10
Telephone Orders YES
Automated Forex YES
  ► HYCM New Real Accounts

HYCM FUND METHODS

HYCM Minimum Account: $50

HYCM Fund Methods: Cards, Bank Wire, WebMoney, MoneyBookers, Paypal

HYCM Withdrawal Commissions: YES / NO

 

HYCM CURRENT PROMOTIONS

□ HYCM Welcome Bonus 10%

□ Free Live Reuters news and market information

□ Free SMS alerts

□ Economic Calendar, Currency Conversion, Market Commentary

» HYCM Promotions

HYCM REVIEW -MAIN PROS & CONS

HYCM REVIEW PROS √

HYCM REVIEW CONS X

(√) Regulated and owned by Henyep Group -a very large financial group with over 30 years in the market

(√) Client funds segregation via British Banking Institutions

(√) Member of the UK FSCS (Financial Services Compensation Scheme) and that means funds protection of up to 50,000 GBP

(√) Great Asset Index -you can trade also the USD Index as an asset (SPT_DXY)

(√) Free Trading Signals, Market Analysis

(√) Good customer support via Callback, Email, Live Chat, and Phone plus a Personal VIP Manager for Pro traders

(√) PayPal and MoneyBookers

(x) Wide fixed spreads

(x) Forbids Scalping

   

HYCM REVIEW –FINAL THOUGHTS

HYCM is the trading name of Henyep Capital Markets. The Henyep Capital group is a very large financial group founded back in 1979. HY Markets operates as an STP Forex broker since 1999 and it is based in London, UK. HYCM maintains also offices in Dubai and Hong Kong. The broker is highly regulated in all of the pre-mentioned locations, including the FCA UK as concerns the United Kingdom. Moreover, all client funds are maintained in segregated accounts via British Banking Institutions. Finally and as concerns the safety of trading funds, HYCM is a member of the UK FSCS (Financial Services Compensation Scheme), and that means funds protection up to 50,000 GBP per client. 

HYCM offers a very good variety of trading platforms including HY Webtrader, HY MT4 Download, MT4 Webtrader, and MT4 Mobile. You can trade also using the Currenex. Automated trading is allowed but not scalping. Mobile trading is also available and the HY Mobile is compatible with most Mobile Devices. As concerns the HYCM trading terms, the fixed spreads are not very tight as you can find EUR/USD at 1.8 pips. The Currenex Accounts offer much better spreads.

HYCM offers very reliable customer service via Callback, Email, Live Chat, and Phone while there is also a Personal VIP Manager for Pro traders. As concerns new traders, HYCM offers one-on-one support.

Opening a new Real Account is fast and easy while you can start trading with as low as $50. After the One-Page registration process, traders can fund their accounts using various methods including Visa, Mastercard, Bank Wire, PayPal, Skrill, and WebMoney. Note that HYCM does not charge fees on deposits/withdrawals but charges some fees for long-inactive trading accounts. Trading leverage can be up to 30:1 for most account types.

HYCM is a good choice for beginners, semi-advanced and advanced Forex Traders offering the highest degree of safety, as concerns the trading funds. 

» HYCM Online Trading

 

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