Company Overview
HYCM is a global forex and CFD broker that has been providing online trading services since 1977. It is part of the HY Group, a well-established financial services provider. The broker offers trading in various asset classes, including forex, stocks, commodities, indices, and cryptocurrencies. HYCM is regulated by multiple authorities, such as the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Dubai Financial Services Authority (DFSA), ensuring a high level of safety and credibility for its clients.
Pros and Cons
Pros
- Tarifas CFD bajas
- Excelente contenido educativo
- Apertura de cuenta fácil de usar
Cons
- Solo productos Forex y CFD
- Las plataformas comerciales tienen un diseño obsoleto
- Tarifa por inactividad
Security
HYCM ensures the safety of its clients’ funds through the use of robust encryption technologies and client fund protection schemes. As a regulated broker, HYCM follows stringent financial laws and regulations, including the segregation of client funds from the company's operational funds. Additionally, HYCM's client accounts are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Tradable Instruments
HYCM offers a wide range of tradable assets, including:
- Forex: Over 50 currency pairs, including major, minor, and exotic pairs.
- Stocks: Access to shares of major global companies from the US, UK, and Europe.
- Commodities: Includes gold, silver, oil, and other popular commodities.
- Indices: Major global indices such as the S&P 500, FTSE 100, and DAX.
- Cryptocurrencies: Popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin are also available for trading.
Account Types
Fixed
Depósito mínimo | 0 |
---|---|
Comisión | 1.5 |
Herramientas disponibles | 0 |
Apalancamiento, mín. | 1:1 |
Apalancamiento, máximo | 1:1000 |
Nivel de llamada de margen | 100 |
Nivel de parada | 20 |
Classic
Depósito mínimo | 0 |
---|---|
Comisión | 1.2 |
Herramientas disponibles | 0 |
Apalancamiento, mín. | 1:1 |
Apalancamiento, máximo | 1:1000 |
Nivel de llamada de margen | 100 |
Nivel de parada | 20 |
Raw
Depósito mínimo | 0 |
---|---|
Comisión | 0.1 |
Herramientas disponibles | 0 |
Apalancamiento, mín. | 1:1 |
Apalancamiento, máximo | 1:1000 |
Nivel de llamada de margen | 100 |
Nivel de parada | 20 |
Commissions and Fees
HYCM charges no commission on most trades, and traders can expect spreads starting from as low as 1.2 pips on the Micro Account. The Classic and VIP accounts offer lower spreads, starting from 0.2 pips. Additionally, there are fees for certain payment methods, and inactivity fees are applied to dormant accounts. It is essential to review the fee structure before choosing an account type.
Trading Platforms
Herramientas disponibles | Forex, Criptomonedas, Acciones, Índices, Metales, Energía, CFD |
---|---|
Criptomonedas | btc |
CFD | Existencias: 118 Índices: 12 Energía: 3 Productos básicos: 4 Metales: 7 Criptomoneda: 60 |
HYCM offers two of the most popular trading platforms in the industry:
- MetaTrader 4 (MT4): Known for its user-friendly interface, advanced charting tools, and automated trading capabilities. MT4 is available for desktop, mobile, and web trading.
- MetaTrader 5 (MT5): The upgraded version of MT4, with additional features such as more timeframes, an expanded order book, and enhanced charting tools.
Both platforms offer excellent support for expert advisors (EAs) and algorithmic trading.
Customer Support
HYCM offers customer support 24/5 in multiple languages. Traders can contact the support team via live chat, email, or phone. The customer service team is responsive and efficient, providing timely assistance with account queries, technical issues, and general inquiries. HYCM also provides an extensive FAQ section on its website for quick solutions to common problems.
Account Opening
Opening an account with HYCM is a straightforward process. Traders need to complete the online registration form and submit necessary documents for identity verification. The required documentation typically includes proof of identity (passport or driver’s license) and proof of address (utility bill or bank statement). The verification process usually takes 1-2 business days.
Deposits and Withdrawals
HYCM offers a variety of payment options for deposits and withdrawals, including:
- Bank Transfer
- Credit/Debit Cards (Visa, MasterCard)
- E-wallets (Skrill, Neteller, WebMoney, etc.)
- Cryptocurrency Transfers (Bitcoin)
Deposits are typically processed instantly, while withdrawals may take 1-3 business days, depending on the payment method.
FAQ
Is HYCM a regulated broker?
Yes, HYCM is regulated by the FCA (UK), CySEC (Cyprus), and DFSA (Dubai), ensuring it adheres to strict financial regulations.
What trading platforms are available?
HYCM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are available on desktop, mobile, and web versions.
What is the minimum deposit for opening an account?
The minimum deposit requirement varies by account type, with the Micro Account typically requiring a deposit of $100 or more, while the VIP Account requires a higher minimum deposit.
What is the maximum leverage offered by HYCM?
HYCM offers leverage up to 1:500 for forex trading, although leverage may be lower depending on the asset class and regulatory jurisdiction.