HYCM Forex Broker Review
Let’s start with HYCM forex broker review 2020 and see how HYCM trading compares with trading at other forex brokers online.
Who Runs HYCM App & Website
Doing a hycm forex broker evaluation, we found out the following.
HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.
HYCM is providing trading services since 1977.
Is HYCM A Good Forex Broker
Question like is hycm a good broker can easily be answered by checking few review sites or forums.
So far hycm forex broker reviews from various sites and trading forums are great.
HYCM Deposit Methods
Open HYCM account then fund it with multiple payment methods.
You can make a deposit via debit/credit card (Visa or Mastercard), Skrill, Neteller, Webmoney, China Union Pay, Interac or wire transfer, depending on your region.
For Visa or Mastercard deposits, HYCM will require a copy of the front of the credit used to fund your account.
HYCM also accepts virtual cards and will require the number of the your card, the expiry date and proof confirming that you are the owner of the card.
HYCM Deposit Bonus
HYCM offers a 10% Credit Bonus on every deposit you make over $100. Maximum bonus awarded under this promotion is US$5,000.
This offer is only applicable to clients of HYCM Limited, regulated by the Cayman Islands Monetary Authority.
*No bonus offerings under Henyep Capital Markets (UK) Limited and HYCM (Europe) Limited.
HYCM Customer Support
The Support Department operators are ready to assist you 24/5 via Live Chat, e-mail, phone, Skype, Telegram and WhatsApp.
Website of HYCM is available in 12 languages – english, swedish, polski, deutsch, czech, french, italiano, espanol, ruski, vietnamese, arabic.
List Of HYCM Banned Countries
HYCM doesn’t accept clients from Afganistan, Albania, Barbados, Belgium, Botswana, Cambodia, Canada, France, Ghana, Hong Kong, Iceland, Iran, Iraq, Jamaica, JApan, Laos, Mauritious, Mongolia, Myanmar, Nicaragua, North Korea, Pakistan, Panama, Sudan, Syria, Bahamas, Turkey, Uganda, USA, Vanuatu, Yemen, Zimbabwe.
Is HYCM Regulated
Yes, HYCM is multi-regulated by FCA (UK), CySEC (EU) and DIFC (UAE).
Henyep Capital Markets (UK) Limited is regulated by the FCA, reference number 186171, to deal as a Principal in investments.
The company’s European operations, HYCM (Europe) Ltd is regulated by the CySEC, licence number 259/14, and is authorised to operate as a Cypriot Investment Firm (CIF) to provide investment services.
HYCM Ltd is also regulated under the Cayman Islands Monetary Authority (CIMA), reference number 1442313.
Under the auspices of these jurisdictions, HYCM is permitted to deal in Contracts for Difference (CFDs), Rights to Interests in Investments, Rolling Spot Forex and Contracts, for professional and retail clients.
HYCM (DIFC) is incorporated in the United Arab Emirates and regulated by the Dubai Financial Services Authority (DFSA).
Is Trading With HYCM Secure
Safe and secure trading
The HYCM trading platform is designed to meet the rigorous security standards of international financial and banking institutions. Throughout our 30 years of operation, the group has always established the security of client information as first priority.
HYCM has implemented state-of-the-art technology and detailed processes to handle key areas such as user authorization, data protection, and network communication.
HYCM’s trading platform enables our clients to trade with total comfort and security. All connections and data communication between the trading client and our servers are encrypted and secured with dynamically generated 128-bit keys, the standard for banking operations. All personal and account information on our website are also encrypted by using VeriSign issued 128-bit-SSL certificates.
HYCM Account Types
3 different hycm account types are offered – fixed, classic and raw.
Final Thoughts On HYCM Broker
We are dealing with one of the most regulated and longest running forex broker, that is:
- financially regulated by FCA, CySEC and DIFC,
- in business since 1977,
- received over 20 awards for being one of the best forex brokers in the world.
You can also read our Forex Brokers Reviews category to read the evaluation of all the forex brokers tested.
With this we end our HYCM forex broker review.