Yes HYCM doesn’t have its own self-developed trading platform.

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. Fees, minimum deposit requirements, withdrawal, account opening, research tools and more.

  • Yes HYCM doesn’t have its own self-developed trading platform.
  • Less conveniently, there is a $10 inactivity fee charged each month after 90 days of inactivity.
  • HYCM forex fees are low and in line with its main competitors.
  • We reviewed MetaTrader 4 because of its high popularity.
  • We compare brokers by calculating all the fees of a typical trade for selected products.

Under your https://forexreviewdaily.com/ profile, you canopen more than one account with different account base currencies. For example, you can have both a EUR and USD account for MetaTrader 4 at the same time. Moving funds between accounts that have the same currency is free and instant. International users with USD accounts are able to fund their account using crypto.

Is the quality of customer service satisfactory?

Select ‘Options’ under the ‘Tools’ menu item to add this data. You can set alerts and notifications on the Forex brokers mobile platform. This is an average selection in comparison with some of HYCM’s competitors. If you want to explore the possibilities offered by HYCM, we recommend opening a demo account. HYCM’s parent company, Henyep was established in 1977. Henyep received its license from the UK’s FCA in 1998.

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. This can be important because theinvestor protection amount,the maximum leverage allowed and the regulator differ from entity to entity. Unfortunately, only the clients of https://forexreviewdaily.com/‘s EU and UK entities are covered by investor protection. HYCM provides trading ideas through Trading Central, a third-party research provider.

For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers.


https://forexreviewdaily.com/fibo-grupp/ is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA. HYCM is part of the Henyep Capital Markets Group, an international conglomerate specializing in financial services, property, education, and charity. Thelive chatat HYCM is usually fast and manned from 5 am GMT until 6 pm GMT on weekdays. Additionally, you can chat with customer support on Telegram, Skype, Viber, Whatsapp, and Facebook Messenger as well.

News feed

Less conveniently, there is a $10 inactivity fee charged each month after 90 days of inactivity. We ranked https://www.forex.com/‘s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

‘s trading fees are low.There are different cost structures for the variousaccount types. In this review, we tested the fees of the Classic account. We also compared HYCM’s fees with those of two similar brokers we selected, XM and AvaTrade.

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We recommend for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms.Feel free to test it via the demo account. In the case of Classic and Fixed accounts, the broker only charges spread costs. The Raw account has low spreads, but there is a $4 per lot per trade commission. The Raw account is favorable if you trade a high volume. We know it’s hard to compare trading fees for CFD brokers.

Account opening

The relevance of the answers was OK although some questions were not properly addressed at first and we had to ask the same questions again to get an answer. On the negative side, thedesign is outdatedand some features are hard to use. For example, we had difficulty figuring out how to remove an indicator from the chart. The major difference is that here you can set alerts and notificationsin the form of mobile push and email notifications. To set email or mobile notifications, you need to add your email address and mobile MetaQuotes ID .

He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He’s eager to help identify the characteristics of specific brokers, so the best match can be found for each client. We tested it and collected the options and costs in How to withdraw money on www hycm com. We liked the videos; the presenter, Giles Coghan has good insights and an easily understandable accent. On the negative side, we think these videos should feature tags or be organized into categories for better searchability.

Can you open an account?

Thephone supportat https://forexreviewdaily.com/fibo-grupp/ was average-speed, we received relevant answers and customer service representatives were helpful. HYCM has clear portfolio and fee reports.You can easily find your profit-loss balance and the commissions you paid under the ‘History’ tab.

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