The actual fund withdrawal may take 1 hour to 7 business days, depending on the payment method. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. HYCM Limited is authorized and regulated under the Dubai Financial Services Authority with license number F000048.

Margin requirements depend on the trading asset and your place of residence, which affects regulatory restrictions. The company states that its policy aims to satisfy customer needs and improve technical functionality. Follow important events and releases that affect the forex, stock, and commodity markets. Stay tuned into what’s moving the markets and uncover the reasons why. Traders can take advantage of small price movements without restrictions. Next, the broker will ask you to provide your date of birth and residential address.

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• However, the absence of cent accounts and investment accounts (copy trading, PAMM accounts) reduces the variety and flexibility of HYCM’s offerings.
• All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
• It is important to remember that verification at HYCM broker is a mandatory step to ensure the security of client funds and compliance with legislation.
• HYCM is based in the United Kingdom but also has operations and regulatory oversight in Cyprus and Dubai.

This is beneficial for both beginners and experienced traders who want to test strategies. The broker provides access to the MetaTrader 4 and MetaTrader 5 platforms, recognized for their reliability and functionality in the industry. The variety of trading instruments and extensive educational resources help traders build diversified portfolios and develop their skills. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Before choosing a specific account type, it is worth evaluating your experience, trading strategy, and preferences.

The broker may also earn from swap fees for positions held overnight. HYCM offers a sufficiently broad range of markets and products for trading, allowing traders to diversify their portfolio, although some competitors have more stock CFDs available for trading. After the registration procedure, you will have access to the HYCM personal account. However, to trade Forex and have the ability to withdraw funds, we recommend that you go through the verification process.

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This is a regulatory requirement aimed at preventing money laundering, fraud, and other illegal activities. The company’s European operations, HYCM (Europe) is regulated by the CySEC (licence number 259/14)1516 and is authorised to operate as a Cypriot Investment Firm (CIF) to provide investment services. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. To withdraw money from your HYCM account, log in to your account, go to the withdrawal section, choose your preferred withdrawal method, and follow the instructions to complete the process. If you want to compare HYCM with other forex brokers in more detail, go to the Forex Brokers Comparison page.

What is the maximum leverage on HYCM?

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. The broker supports automated trading through expert advisors (EAs) on MetaTrader platforms. HYCM makes money through spreads, commissions, and other trading fees.

• The company’s European operations, HYCM (Europe) is regulated by the CySEC (licence number 259/14)1516 and is authorised to operate as a Cypriot Investment Firm (CIF) to provide investment services.
• It is important to note that market reviews from HYCM lack regularity (not made every day) and diversity.
• An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
• The variety of trading instruments and extensive educational resources help traders build diversified portfolios and develop their skills.

Choose from 100+ Trading Instruments

The choice between MT4 and MT5 largely depends on the preferences and experience of the trader, as well as the trading instruments and strategies they plan to use. Both platforms offer a wide range of features and tools for successful trading, and the choice of the optimal platform will depend on the individual needs of each trader. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Established as the industry standard, it contains everything a trader needs. It offers many features like advanced technical analysis, flexible trading systems, Expert Advisors, as well as a mobile app. HYCM provides many market analysis tools, including technical and fundamental analysis, economic calendars, various calculators, and seasonal analysis tools. However, the lack of regular updates and some variety in their analytics does not allow for a maximum score.

MetaTrader 5

Benefit from our wide range of tools, including calculators, an Economic Calendar, and free access to services like Trading Central, Seasonax, and Financial Source. To delete your HYCM account, you need to contact HYCM’s customer support. HYCM is based in the United Kingdom but also has operations and regulatory oversight in Cyprus and Dubai. For the convenience of clients, there is an online chat for resolving urgent issues.

The Raw account, designed for professional traders, includes a commission of $4 per lot per side. This rate is above the market average, which should be considered when choosing this type of account. Broker HYCM offers clients a low threshold to enter the financial markets, setting a minimum deposit of just $100. This makes trading accessible to many investors, including beginners who may not be ready to commit large sums initially.

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Select one or more of these brokers to compare against HYCM (Henyep Capital Markets). See how HYCM (Henyep Capital Markets) stacks up against other brokers. Read our full hycm review explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country.

However, some traders may lack more personalized training, such as an individual course or seminar. It is important to note that market reviews from HYCM lack regularity (not made every day) and diversity. This is what HYCM lacks so that a trader can create a trading plan for the current day based on the analytical research of the company’s experts.

Broker HYCM charges average trading commissions comparable to most competitors. It is important to remember that verification at HYCM broker is a mandatory step to ensure the security of client funds and compliance with legislation. Registration is quick, but full functionality requires time for mandatory verification and completion of a financial profile. We take great pride in combining some of the best trading conditions in the industry with rapid market execution.

Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central. That said, HYCM offers a narrow range of symbols to forex and CFD traders and does not accept clients in the EU anymore following the renunciation of its Cyprus license in June 2024. HYCM offers a relatively extensive set of educational materials covering various aspects of trading, including fundamentals, strategies, platform operations, and other essential topics.