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The general rule is that as the volume of a selected trading instrument increases, the client will be granted access to lower maximum leverage. HYCM will not impose restrictions on customers to open only one live account. Several accounts can be operated simultaneously by HYCM customers, though the broker does not recommend such a practice, as trading activities may not be handled with efficiency. I read a lot of HYCM broker reviews and realized that this is the place where I can make money on the Internet. After more than a month of hard trading, I finally made a profit. Until the first withdrawal in late May, HYCM said that I violated the rules, so they closed my account and deducted my profits.

Probably, one may notice some minor downsides of this broker, but, overall – there is nothing to talk about. When deciding on this brokerage service, I certainly took into account a great number of nuances. What I learned about this broker inspired me because I rarely saw brokers with a 40-year experience. So, it was the first factor that spoke in favor of this broker in my eyes. As for platforms supported, the broker offers Metatraders that I actively use with all brokers.

Please tell me how many currency pairs can be traded on mt4 with a hycm broker?

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. HYCM makes multiple popular deposit options available including Visa, MasterCard, Bitcoin, and Skrill. HYCM does not charge a deposit fee but third-party fees may apply. HYCM Withdrawals will be processed within one hour or up to 5 working days depending on the withdrawal method selected. Most of HYCM’s educational content is on the broker’s YouTube channel.

Find out whether to register for an account today. Similar to fixed spread accounts, a standard account can be opened with an initial deposit of as low as $100, and the minimum trade volume allowed is 0.01 lots. However, unlike fixed spread accounts, classic accounts allow for more competitive variable spreads starting from 1.2 pips.

Every day on the market is filled with events, discoveries and surprises. And this is probably what attracts me the most in this business. There are always new horizons and here you can always change your decision drastically and see the situation from a new side. And this is what allows me to remain interested in this business for so many years. … I found myself in this company not so long ago, about 7 months ago. And I was immediately interested in the fact that here you can trade with raw spreads.

One of the oldest brokers in the market, FСA regulation. Besides British regulation there is also CySEC and regulation in the UAE. Of the disadvantages for beginners – there are few promotions and free of charge, no giant leverages , the withdrawal takes 3-4 days. In the rest – a reliable company for serious work. HYCM has a long history of operation and is a heavily regulated Broker.

I tested the terminal day and night and made sure that the execution of transactions was excellent at any time. I decided to stay trading only here, although at the same time I wanted to open in another company. Yes, HYCM allows its users to trade fix spreads on all the platforms that this brokerage works with and MT4 is not an exception. That is a nice overview of what hycm is all about. It is cool that you’ve mentioned educational center of the broker which is pretty awesome.

HYCM Demo Account

In order to understand which one you need, HYCM broker has some kind of quiz on the site. When you answer this, you will be prompted which account you need. The broker is time-tested… Trading with HYCM, I can be sure for the safety of my funds and for the fact that any of my questions will not go unanswered. Company is well regulated and as you may check on website won dozens of awards. AT least, for me, such things are sigh of a reliable broker.

• In order to complete the Account Registration, the applicant will be required to complete a simple online registration process.
• There are lots of advantages which can point this broker out from other brokers.
• I have been interested in trading for several years.
• All of the trading platforms are completely free.
• If you want to make money on this, you will have to spend more than one hundred or even a thousand hours reading or watching economic news, events and learning new strategies/systems.

Let me explain why this is important and why this was the primary reason I’ve started using their service. Lots of brokers are registered in offshore zones. That’s ok in my opinion, but the license they get from the local authorities does not really assume any liabilities to their customers. Its important that broker works closely with reliable regulators. In this case if something goes wrong with the broker, this regulator will be held responsible to compensate for client’s losses caused by broker’s inability to fulfill its duties.

Everything can be done very quickly on the phone. You just take a picture of two documents and send it to the app. P.S. I want to say a special thanks to this broker for forex calculators – really useful stuff which helps me. Traders use leverage for trades lasting several minutes or more than a month.

So, I didn’t get upset about it and by choosing the right format of work I recovered everything I had spent quickly enough. Today I work with MT5 – it’s a fast and functional platform, and the number of assets corresponds to my preferences. I use fixed spreads because it increases my speed.

Mobile trading platform

Essentially, negative balance protection is a policy that precludes the possibility of a trader’s losses exceeding their balance. All of HYCM’s entities adhere to this hycm review requirement. HYCM is a heavily regulated broker and has a long history of operations. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.

There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. HYCM provide a variety of quick and convenient methods of depositing and withdrawing from your trading account. I personally favour online payment processors such as Skrill and Neteller as they’re a faster method of funding.

Does HYCM accept clients from the United States?

They can increase market analysis capabilities and overall trading efficiency. It is immediately noticeable that this broker is trying to provide decent conditions for trading. 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 https://forexbroker-listing.com/ with HYCM and I am glad that I took it seriously. When I started trading here, I analyzed in detail all the data provided by the broker, and on the whole nothing seemed suspicious or ambiguous to me. In practice, while there are no questions, the service is minimalistic, it may seem to some that it is not enough, for some people it is exactly what they need.

Review Methodology

So, the quality of the trading process and withdrawals are the main things that characterize any broker as reliable or not. This broker meets the highest criteria, so I can say that hycm reviews didn’t tell me lies. HYCM provides good opportunities for the implementation of my ideas. I don’t use many new trading platforms, so MT4 / MT5 is perfect for me.

I think that all hycm reviews should be based on a lot of trading experience, because it is hard to write a full honest broker review if you have been trading with them for 1 month. I think that during this time it will not be possible to take advantage of all the advantages of the broker or notice some disadvantages. Speaking of hycm broker we know that there are many things that I’d like to mention. There is the legendary MT4 and its famous younger brother MT5. As many people know, MT5 has more possibilities for analysis. There are opinions that this is not really necessary and MT4 is a complete software for analysis and trading.