HYCM Broker Review


HYCM provides stellar customer service. The broker’s website offers several email addresses, a web-based live chat service, and a comprehensive FAQ section. The website also supports several research features. In addition, its dedicated Press Room contains commentaries, interviews, and articles about the market and is regularly updated.

HYCM offers a fixed-spread account

HYCM offers a fixed spread account to its clients for a low initial deposit. This account has no commissions on trades and a fixed dealing spread based on the trader’s size and account type. For example, the fixed spread for a Micro account starts at 1.8 pips, while the fixed spread for a Standard account starts at 1.5. The VIP account requires a higher initial deposit, though. A fixed spread account is a good option for traders who prefer a standardized dealing spread to a variable spread.

In addition to providing a fixed spread account, HYCM also offers a variety of educational events. For example, the firm organizes regular webinars and workshops for its clients. These seminars provide an opportunity to ask questions live and learn from industry experts. To register for one of these events, you must fill out the registration form with your full name, email address, and phone number. If you’re interested in attending live events, HYCM also offers venue-based seminars for its clients.

HYCM is well-regulated and has served traders since 1977. The broker offers a fixed spread account, basic MT4 and MT5 trading platforms, and a raw spread account. Unfortunately, the brokerage’s research isn’t up to par with its competitors. The company excels in education but lacks in other areas.

It disables automated trading.

HYCM is a fully regulated CFD broker specializing in foreign exchange and CFD trading on stocks, indices, and commodities. Its main offices are located in Hong Kong’s central business district. The company was one of the founding members of the Hong Kong Futures Exchange, and it is subject to the regulatory frameworks of three financial jurisdictions. The Financial Conduct Authority supervises HYCM’s UK outfit.

HYCM’s customer support is available 24 hours a day and seven days a week via telephone, email, and live chat. They also have a comprehensive market education suite that helps traders of all experience levels gain more knowledge. However, HYCM does not offer bonuses or other promotions. Additionally, customers must comply with the company’s AML/KYC requirements, which typically require them to provide a copy of their ID and a document proving their residency.

HYCM brokerage provides a secure trading environment and is regulated by the Financial Conduct Authority. Their solid and stable corporate ownership is a bonus.

It offers free and fast deposit and withdrawal options

HYCM is a forex broker that offers several deposit and withdrawal options. Traders can deposit and withdraw money using credit cards, wire transfers, and e-wallets. Withdrawal limits vary depending on the method used. Generally, e-wallet withdrawals take less time than wire transfers.

Customers can deposit money into their trading account using Visa or Mastercard and eWallets, including Neteller and Skrill. However, deposits can take up to seven days to process. Wire transfers may be faster, but the funds will have to wait for seven days to reach their trading account.

HYCM is a regulated broker that follows strict financial practices. Its main office is based in London and is regulated by the Financial Conduct Authority (FCA). Its branches in other countries have the appropriate licenses. These regulations protect customers. The broker keeps client funds separate from company funds, and the FSCS compensation scheme protects clients.

It offers in-house research.

HYCM is a Hong Kong-based Forex brokerage that offers MT4/MT5 trading platforms. The brokerage has been serving traders since 1977 and provides various services. These services include a free in-house newsletter, sourced market commentary, and webinars. However, HYCM’s research does not come close to that of its competitors, and if you’re looking for a top-notch source of trading ideas, look elsewhere.

The HYCM broker offers a demo account that you can use to test out the trading platform and trade with virtual money. A demo account is funded with $50,000 virtual cash and is active for 14 days. The demo account can be opened in either the USD or EUR currency pair. Once you’re ready to move on to real-money trading, HYCM lets you upgrade your demo account to a real-money account. You can deposit a minimum of $100 and start trading with real money.

HYCM’s customer support team is available 24 hours a day, seven days a week. They answer inquiries via email, fax, live chat, and phone. The broker also offers support in multiple languages, which is excellent for clients from different parts of the world.