Among top forex brokers currently outstanding there is HYCM (Henyep Capital Markets). HYCM is owned by Henyep Capital Markets UK Ltd, a subsidiary of the Henyep Group, a large conglomerate that offers a lot of financial services and it also handles charity work and education.
HYCM is London based and it is regulated by FCA & FSCS but it appears also in the list of Italian forex brokers as a top forex broker in Italy. It is also the winner of numerous awards including Best Broker in several regions and Best Retail Platform from a several financial publications.
HYCM has been in business for over 30 years and this makes it a very safe broker, reliable and reputable. It is great choices for all types of traders, from beginners to professionals, thanks to a simplified process for open the account, training materials and a comprehensive range of products.
Here is a review that will give you the information needed to choice the best broker that suits your trading style.
With HYCM is possible to trade on flagship multi-asset platform. You can choose to trade with their multi-asset flagship trading platform, Prime Trader, or the world renowned MetaTrader 4 platform.
PrimeTrader offers adequate prices to the demands of each trader and the possibility of an enhanced monitoring.
Besides a very clear interface, MetaTrader 4 offers to traders an extensive range of benefits, including a consultant for automatic trades, advanced tools, charts for technical analysis and live news from the financial market to be constantly updated.
There is another platform where trader can access anytime. They can access the markets via the HYCM Mobile Apps, user friendly mobile trading platform that allows them to trade anyplace with a Smartphone or a Tablet.
This broker offers more than 100 different assets to choose from, including oil, commodities, forex, metals, stocks and indices. The leverage is offered on the currency pairs, starting from 50: 1 to 400: 1, depending on the selected currency.
HYCM has entered into a partnership with Pro Daily, offering cutting-edge trading signals for investors, while traders who choose to use the MetaTrader 4 software can take advantage of a wide variety of free trading signals.
HYCM broker offers the possibility of access to 3 types of accounts: Micro Trading Account (min deposit: $100, max. leverage: 1:500, min. fixed spread: 1.8, no trading signals); Standard Trading Account (min. deposit: $1.000, max. leverage: 1:300, min. fixed spread: 1.5, trading signals allowed); VIP Trading Account (min. deposit: $10.000, max. leverage: 1:300, min. fixed spread: 1.5, trading signals allowed).
HYCM takes very seriously the customer service that is available from Sunday at 23:00 GMT to Friday at 21:00 GMT. There is also the possibility to contact by telephone support and also the live chat is available 24 hours on 24, Monday to Friday.
Among all the services offered by HYCM there is also the educational. He offers eBooks and video tutorials to teach beginners and help them to take its first steps in the financial market. Even the most experienced traders can find very useful information by reading the articles linked to the most advanced analyzes.
HYCM accepts credit and debit cards, WebMoney, Skrill, wire transfer and other local payment methods.
Since it is a regulated and licensed broker, investors can enjoy the safety guarantee on their deposits. Together with the possibility to use trading platforms with a high degree of accessibility, HYCM is a highly recommended choice for both beginners and experienced trader.