Forex Brokers

REVIEW HYCM.COM (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 FULL REVIEW

🏛️ INTRODUCTION TO HYCM.COM

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)

 

🖥️ 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 FUNDING 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 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 (x) Not good for Professional Traders

   

🎯 HYCM REVIEW –FINAL THOUGHTS

HYCM is the trading name of Henyep Capital Markets. The Henyep Capital Group is a large financial group founded in 1979. HY Markets has operated as an STP Forex broker since 1999 and is based in London, UK, with additional offices in Dubai and Hong Kong. The broker is highly regulated in all these locations, including by the FCA in the UK. Client funds are held in segregated accounts at British banking institutions. Furthermore, HYCM is a member of the UK FSCS (Financial Services Compensation Scheme), which protects client funds up to £50,000 per client.

HYCM offers a wide range of trading platforms, including HY WebTrader, HY MT4 Download, MT4 WebTrader, and MT4 Mobile. Trading is also possible via Currenex. Automated trading is permitted, but scalping is not. Mobile trading is supported through HY Mobile, compatible with most mobile devices. Regarding trading terms, fixed spreads are moderate, with EUR/USD typically around 1.8 pips, while Currenex accounts offer tighter spreads.

HYCM provides reliable customer service through callback, email, live chat, and phone, with personal VIP managers available for professional traders. New traders receive one-on-one support.

Opening a real account is fast and easy, with a minimum deposit of $50. After a simple one-page registration, traders can fund accounts via Visa, Mastercard, bank wire, PayPal, Skrill, and WebMoney. HYCM does not charge fees on deposits or withdrawals but applies fees for long-inactive accounts. Trading leverage can be up to 30:1 for most account types.

HYCM is a fair choice for beginners but not for advanced Forex traders.

 

◙ HYCM Review

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