HYCM EURUSD Spread

If you can’t decide yourself what will work best for you, I recommend using the test offered at the official HYCM website at Accounts sections. I played a bit answering this test in different ways and I definitely see some logic in the solutions they suggest for one or another approach to trading. Don’t forget to fill out all the paperwork providing true residence address and personal information to avoid any troubles in future. Once you do that, no troubles should ever occur. But there are some disadvantages that have almost no effect on anything, and there are those that can ruin your trading quite badly. I started by reading a few reviews about HYCM on some forum.

In fact, there are a lot of offers on Forex trading and companies are now trying to stand out. Although in reality they should only cope in order to provide umarkets review access to the market and perform all necessary financial operations. Secondly, now mini depo is $100, when I was starting it was $500, as I remember.

And I think that this company fully meets my requirements, so I continue to work here and learn something new and interesting about the market every day. Your account will be protected by regulators, which you can read about on the broker’s website. They apply equally to all the broker’s clients, and that’s good thing for you. This way you can be sure that nothing happens to your deposit and it will always be protected by the regulator. That is, in general, you get something that can be used for market analysis and trading, and this is very valuable for traders who have come here to learn how to trade and build a real business..

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I think there must be an amount on the account with which one can comfortably manage risks. It is easy to lose them while making a more or less substantial profit on them is very difficult. So I don’t see the point of investing 100 dollars in HYCM. It’s better to trade on the demo until you accumulate the necessary capital. The main thing is to take it seriously and learn how to assess the market situation and how to earn money. In general, this can be considered one of the key components of success in the market, and it is difficult to argue with this.

HYCM withdrawal fees and options

You can also carry on reading to find out why our experts ranked HYCM higher than FBS. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

The beginner courses include a Forex glossary with all the important terms and their meanings that the traders come across very often when trading CFDs and forex. Moreover, the courses also include some winning tactics and quality strategies that the traders can follow and increase their chances of earning money. According to users, who share their research, opinion, feedback, and reviews regularly, the educational courses on the website are very beneficial and thus have kept up the track record for years.

You should work really hard in order to achieve some success, but if you would – you would be rewarded. HYCM offers all you need to be successfull in trading and other just depends on you. I respect this broker for its reliability and a rich experience in the industry. My personal experience with this company proved that I can continue working with this brokerage service. I didn’t see any attempts to cheat me on the part of the broker and it applies to the trading process and withdrawals. Here are the right trading conditions in the company, I want to say.

I like that there are so many instruments and the broker gives useful information, which can be useful to find profitable situations in the market faster. At one time I was recommended to work with HYCM and I am glad that I took it seriously. The only gap could be a limited number of tools and drawing applications available via Web Version so for more comprehensive analysis you better choose desktop MT4.

Deposit & Withdrawal Options

Very convenient registration, even from a mobile phone. A good site that is not overloaded with information. Excellent order execution speed; during the entire trading period, there were no particular problems. The platform works quickly, I did not notice any delays. Orders are closed on time, for which a million big thanks. I am also amazed at the broker’s honesty and the speed of withdrawing funds.

I have always had good analytical skills, so there was every chance to understand everything and realize myself. It turns out that you can create a business under any circumstances, especially if you have a desire. For the novice traders HYCM offers free educations consisting of trading courses, software tutorials, trading books, learning videos and many more.

With all trading tools there is no excuses to lose. I like that skrill can be used to deposit and withdraw my earnings. I am not making much money in forex yet so no commissions are charged for withdrawals. Fortunatel,y counter trend trading strategy thoroughly watch for the platform usability and always prevent all the errors.

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To open a demo account, traders must go to their Client Portal and click on ‘Create Demo Account‘ under the ‘Trading Account’ menu. CommissionHolders metodo simplex en python of Raw accounts pay a commission of $4 per round. Product availability may depend on the country you’re in or the type of account you’re holding.

Fixed spreads are better in long-term trading, as in the short-term they will ‘eat’ significant part of your profits. I can suggest you to try Raw account, at least I’m trading with ti and I see it as an more predictable account type and more cheap , especially if you have a big trades. I’ve been looking for a broker with which I won’t be afraid to get out of business in a month. And considering the broker’s long history and the fact that it has excellent regulation, I can not be afraid of it.

I want to trade options, are they available at HYCM?

All accounts are available as Islamic (swap-free) accounts. As soon as you have signed up for your account, please contact your account manager, and they will convert the account to swap-free status. Traders should note that although no interest is charged on Islamic accounts, once a position has remained open for longer than 14 days, traders are charged a fee of 5 USD per contract per night.

I don’t care how many exclusive features this particular broker can offer. I just want to have peace of mind when trading with it. I want to be assured that my orders will be executed as it should be and I can always withdraw my money if required.

Author of this review

Similarly, two-step authentication – which would provide additional security – is not available. HYCM provides MetaTrader 4 and MetaTrader 5as desktop trading platforms. Similarly to the web and mobile trading platforms, we reviewed MetaTrader 4 in this category as well. We know it’s hard to compare trading fees for CFD brokers.

How To Verify Your HYCM Account

Everything is mixed here and satisfies the most part of traders’ wishes. I also trade by using metatrader platform also with my phone. I started with demo account and with 100$ real money by using educational platform knowledges i start to make good trades.

Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions.

HYCM Review 2022: Is HYCM Broker Safe to Trade?

Before you execute your first trade, you need to enter your name, email address, country of origin and phone number. Then you answer a few questions about your background and financial knowledge. Funds can be deposited via debit/credit cards, bank wire, Skrill, Neteller, WebMoney, Perfect Money and Bitcoin. HYCM operates entities authorised and regulated by the FCA, CySEC, DFSA and CIMA.

Average spread refers to the period viewed in the chart. Changing the visible period will recalculate in real time the new average. Yes, HYCM is regulated by the Cyprus Securities Exchange , the Financial Conduct Authority , the Cayman Islands Monetary Authority , and the Dubai Financial Services Authority . HYCM has been operating for over 40 years and is regulated in multiple jurisdictions.

Respectively, when you don’t trade, the broker can’t earn on spreads and can’t pay for keeping your money there. If you really want to understand trading and you treat it as your business, then this company is right for you. Because there’s no passive trading methods and there’s no superpower to make 1000% profit.

As you can see from the table above, the trading costs on the Fixed and Classic accounts are built into the spread, but are higher than the costs on the commission-based Raw Account. With the financial backing of its parent company, worldwide regulation, and frequent industry recognition, HYCM is regarded as a safe option for traders. HYCM is involved in the industry of capital markets. If you long time in a forex game probably you know this company. If don’t then go to their education platform hahaha! Know that this broker offers an opportunity to trade on a VIP account but it’s only for those ones who trade huge volumes.

We have been working with Noreen and her team at HY Affiliates for a few years now. It has always been great working with people who are hard-working and will go the extra mile for their partners. They are polite and very helpful at all times, especially during the end of the month when it’s time for our reports and collecting our commission.

Investor Protection & Regulations

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Pip calculator was something that I noticed here when I first entered the website.