It’s a member of Henyep Capital Markets LLC, which is one of the oldest financial institutions, successfully operating in international markets for up to forty years. For such an impressive period of activity, the holding has reached a leading position in terms of the number of clients and the turnover of trading operations. If it’s a reputable and trustworthy broker you’re looking for you can’t go far wrong if you choose HYCM.
In relation to security of clients` funds, we would also like mention that FCA-regulated companies fall under the umbrella of the Financial Services Compensation Scheme (FSCS), which protects consumers up to £50,000 per person, in case the company goes bankrupt. In Cyprus, the coverage is up to $20 000 per investor. HYCM is operated by Henyep Capital Markets UK Ltd., a London-based company authorised and regulated by theUK Financial Conduct Authority (FCA). Besides, it has a Cypriot unit, regulated by the CySEC, and a subsidiary based in Hong Kong, that is duly licensed by the local regulator – the SFC. Do you still considering it to be a scam?
Please have a look at our product categories listed in the menu to learn more about the financial instruments we promote on our site. There are many affiliate programs available today that promote Forex, but there’s only a handful of them that endorse regulated broker that come with a squeaky-clean reputation and strong brand awareness. HY Affiliates is such a program that offers multi-tiered affiliate systems and tailor-made commission plans for small and top affiliate who are looking to build long-standing relationships. HY Affiliates can monitor their campaigns so they can make the necessary changes in order to optimize their campaigns. The click count , the number of unique visitors and the CTR % is updated in real time , while the number of referred accounts and depositing accounts is updated every 24 hours .
Traders are required to deposit just $100 in order to open an account with HYCM, which is an average minimum initial amount. However, other EU brokerages require less – XM, for example, which also holds licenses from both CySEC & FCA, demands $5. Besides, clients of HYCM who don’t want to earn interest for religious reasons may opt for Islamic accounts, which are swap-free. The program was developed by HYCM in order to reward customers for support of the company and active referring it to their friends. So, if a friend after the recommendation will actively work on the platform, open a real account and start earning, the trader will receive a bonus of up to $250.
You just need to fill it out and submit it, then verify your email address. Following on from that you will need to upload a proof of identification such as a passport and proof of address such as a utility bill.
Despite the solid “track record” of the broker HYCM (Henyep Markets), its trading platform existed for less than a year and in 2016 the administration of the web resource announced the closure of the official platform. Of course, this does not look quite logical, but most likely, the project organizers had their own reasons for making such a decision. HYCM allows EAs.
This is normal part of the KYC procedure that online brokers conduct. Once the accounts team have verified your account, you will be able to fund it using any of the convenient deposit methods and you can then commence trading. As broker fees can vary and change, there may be additional fees that are not listed in this Alvexo review.
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, 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.
- Dear Mohammed, we are sorry for answering this long.
- Signal providers can receive a performance fee whilst followers can get automated trading signals directly to their account.
- It definitely increases trust in HYCM and clearly indicates that we aren’t dealing with a one-day broker or a fraudulent structure.
- Online trading involving instruments such as CFDs, Forex, Indices, Commodities, Cryptocurrencies and Stocks may not be suitable for everyone.
- Unfortunately, at the moment HYCM (Henyep Markets) does not provide a demo account that allows you to enter real transactions using virtual money.
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trade!
You can choose to open an account at the relevant entity according to your jurisdiction and trading requirements. HF Markets are ranked within the World Finance Top 100 Global Companies. Some of the notable awards won include Best Client Funds Security Global (Global Brands Magazine), Fastest Growing Forex Broker MENA 2019 (International Business Magazine), Best Forex Mobile Application 2019 (Forex Awards), Best Forex Broker Latin America 2018 (International Business Magazine), Best Global Forex Trading Education Provider 2018 (Global Brands Magazine) and Best New Forex Broker South Africa 2016 (Global Banking & Finance Review Awards). HF Markets is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including HF Markets.
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.
Account holders get 2 months free 1 on 1 support, access to SMS trading signals/analysis and daily market review. The market updates section of the Alvexo website contains frequently updated daily and weekly market analysis. Articles are in-depth covering a variety of markets with technical and fundamental analysis. These market updates can be used to keep tabs on global current affairs, market reactions, inspire potential trade opportunities and as part of an overall trading strategy. Alvexo provide a selection of trading tools to assist with market analysis, trading signals and risk management.
HF Markets have a team of experienced market analysts with over 25 years of experience sharing the latest market analysis and forecasts with traders. This includes detailed fundamental analysis of news releases, technical analysis across multiple asset classes and special reports. There is a very generous amount hycm review of frequently updated materials to help you understand how the markets work and for you to keep up to date with the latest market happenings and to find potential trade opportunities. The HF app provides clients with live streaming market prices, news, market analysis and access to the HF Markets client area.
HYCM (Henyep Markets) — an overview of the trading platform
It has the familiarity and powerful features of MT4 with added functionality. It supports an unlimited amount of trading accounts that are updated in real time. You can monitor live price feeds, view account history and execute multiple order types. MT4 supports one click trading, multiple order types, displays live price quotes in the market watch window, https://forexarticles.net/ has a news feed embedded directly within the platform and shows real time client account summary including account balance, equity, margin and floating profit/loss. 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.
All Customer Reviews & Comments about HYCM Forex broker
It has not the best conditions in the market, but its definetely not a scum. Now i feel like paying increasing spread for my confidence about https://forexarticles.net/ my money. BrokerAdvantages FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms.