HYCM Review

HYCM Review

Broker Details

Too bad that the broker does not provide any information on minimum deposits, spreads, leverage, etc. This company was founded in London. And at the moment has experience of over 40 years in the forex market. Impressive numbers aren’t they? The company has established itself as a good broker and is suitable for almost all traders who want to make money on the Internet.

The deal ticket in the mini terminal allows you to set money management options and create templates for frequently used functions. There are quick links for buying, selling, closing all positions, reversing positions or hedging. HF Markets have a policy of providing the best possible trading conditions including tight spreads from just 0 pips, fast execution and competitive commission.

This ensures that your personal information is up to date and enables us to keep you informed of any updates or changes related to your account. If any of the personal information we hold about you is inaccurate or incomplete, you are entitled to have it rectified. Please contact us. We may transfer your personal information outside the European Economic Area (EEA) to other HYCM Group companies as well as service providers (i.e. processors) who are engaged on our behalf.

They have a vast array of trading tools and educational material available. The HFcopy account is for traders who wish to provide signals and for followers who wish to copy these signals. Signal providers can https://forexarticles.net/ receive a performance fee whilst followers can get automated trading signals directly to their account. This account is only available to clients whose suitability will be assessed prior to participation.

But the company needs to solve something with a demo account, install a more modern platform and be sure to eliminate such negative indicators as withdrawing money for a period of three weeks. If you look at the specialized resources left by users about HYCM (Henyep Markets), you can conclude that for our compatriots the minimum deposit of $ 100 and the set amount for withdrawal – $ 50, are quite large. Not every trader will risk such money, especially when it comes to the first rate. Many traders claim that they would not hesitate to re-register their login with HYCM (Henyep Markets), since the broker’s activities are regulated by serious institutions. That is, users do not need other guarantees, except for the licenses of these organizations.

hycm feedback

We should also mention the Refer-a Friend programme, which gives traders the opportunity to earn up to $250. As soon as the referral becomes an active customer, makes their deposit and begins trading, the referral reward is credited to your account. However, https://forexarticles.net/ this reward is for trading purposes only. HYCM accepts a number of different payment methods including Visa and Mastercard, WebMoney, wire transfer and a number of other local payment methods. Only USD and EUR are accepted as base currencies.

The market is constantly spreading, and many brokers appear and disappear overnight. Some even reappear under a different name again. The Forex carousel can bring you the most lucrative ride in your life, but it can also lead you to bankruptcy. It is very important that traders check on every information about the broker they want to join. Brokers often pretend to be what they are not, and they only reveal their real intentions when it is already too late for traders to regain their assets and funds.

  • HF Markets offer a selection of deposit and withdrawal methods to suit different client needs.
  • Developed by Russian company MetaQuotes Software and released in 2005, MetaTrader 4, also known as MT4, is an electronic trading platform that is the most widely used platform today.
  • If you wish us to thoroughly review your case please contact our Support team, via chat on our website or email support@hycm.com, as we strive to improve our services and provide the best trading experience possible.
  • Namely, Mauritius is a regular offshore destination, where many businesses have the freedom to operate under the table unpunished.

Expert Advisors have been among the most popular features of MT4 for some time now. They are automated algorithmic traders, which can be used for automated trading when coupled with custom scripts. Traders can create their own EAs or they can buy them from 3rd parties and install them. The group is successfully in business for more than 30 years and provides its clients a direct and fast access to trading at financial markets across the world.

You need to specify the necessary information about the rules of the system, the features of using bonuses, the procedure for withdrawing funds. The account is opened in USD or EUR. The money is immediately available on the account for trading after the payment is made. The withdrawal of funds is possible only for authorized traders, it’s carried out within 4-8 business days (bank transfers) or instantly (electronic payment systems).

HF Markets clients have access to download premium trader tools which provide institutional quality technology, advanced trading tools, market news and analysis. Premium tools can be used by all levels of traders and different requirements. They have evolved over time based on user feedback and each tool includes detailed user guides and tutorial videos.

But does this mean that the broker does not deceive hycm broker his users and is not an ordinary scam? And a crook.

Other trading tools are available from within the app as is a collection of educational material to help you learn whilst on the go. This is an extension of the trade terminal designed for traders who want to concentrate on a specific market. It displays the same deal ticket as the trade terminal in the context of a specific trading chart and can be undocked from its trading chart into a floating window. Smart lines let you set stop loss and take profit levels by drawing lines.

Need demo account

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker. i have 5 years experience in trading.

Alvexo Global is registered with the Financial Services Authority (FSA) of Seychelles with license no. SD030 and operated through HSN Capital Group Limited, with company registration number 8422417-1. Customer feedback from testimonials shared on the Alvexo website is very positive with clients emphasising the importance of the dedicated account managers provided and learning materials that have helped them to become more confident traders. Founded in 2014 by a team of market veterans, Alvexo has a choice of intuitive trading platforms all of which stream real time buy and sell quotes on over 450 different assets. The platforms are flexible and user friendly, including a range of trading tools for assisting with market analysis.

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