HYCM Free Offerings and Bonus Promotions

HYCM is a UK-based STP Forex broker offering maximum safety of money and fair trading terms. HYCM is authorized and regulated by FCA UK and provides full client bank account segregation. There are many free offerings available to traders including a 25% cash bonus that you may withdraw, plus free education and free access to the Trading Central service for 14 days.

 

HYCM Customer Support

• HYCM offers very responsive customer support on a 24/5 basis via Live Chat, Phone, and eMail. The HYCM support staff speaks in many languages including English, Arabic, and Chinese. The VIP Customer Service for all clients holding more than $5,000 offers additional support and a dedicated account manager.

HYCM Demo Account

• HYCM offer a practice account with $50,000 in order to test your skills virtually and without any risk.

HYCM Free Education

• HYCM offer a free trading analysis eBook if you sign with them. In addition, they provide one-to-one education.

Free Trading Central Access for 14 days

• All HYCM new traders are granted free access to the Trading Central service for a minimum period of 14 days.

 

HYCM 25% Cash Bonus

HYCM offer a 25% bonus to all clients who deposit funds for the first time:

1. This is a cash award that traders can withdraw after trading it
2. The minimum deposit to receive the bonus is $500
3. The maximum bonus is $5,000
4. For every $100 bonus, the client must trade 3 lots {in order to be able to withdraw it}

HY Trading contests

HYCM offers several trading contests from time to time. There is no available contest at the time of this review.

 

 

■ HYCM Promotions

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HYCM is an STP Forex broker and part of the vast financial group Henyep Capital Markets Ltd, which was founded back in 1978. HYCM is regulated by FCA UK and maintains its headquarters in London, UK.

 

HYCM Basic Features

The minimum deposit to open an account with HYCM is just $50 and you may fund your account via Cards, PayPal, Skrill, WebMoney, or Bank Wire. The HYCM offers a very wide asset index. As concerns trading platforms, HY offers a great variety of trading platforms including two versions of MT4, the HY WebTrader, mobile traders, and the Institutional-grade HY Pro Platform which is powered by Currenex.

 

HYCM VIP Services

HYCM offers VIP customer services for all its clients holding a balance of $5,000 or more. That is particularly interesting because with just $5K you may enjoy a dedicated account manager and 24/5 customer support that includes any assistance you may need. Furthermore, you may use the institutional-grade HY Pro platform which is designed for professional trading and which is powered by the famous Currenex service.

• Foundation: 2007 (group foundation 1978)
• Headquarters: London, United Kingdom
• Regulation: FCA (United Kingdom)
• Fund options: Bank wire, Cards, PayPal, Skrill, WebMoney
• Minimum account size: $50
• Leverage: 1:30
• Hedging: Yes
• Scalping: No
• Minimum Spread: 0.5 pips (Pro)

 

Four (4) HYCM Account Types

(1) HY Mini Account

The HYCM Mini account is the best choice for beginners who are new to the market.

• The minimum account is $50
• The minimum spread when trading Forex is 1.8 pip

(2) HY Standard Account

The HYCM Standard account is designed to meet the needs of the average trader.

1. The minimum deposit is $750
2. The minimum spread when trading Forex is 1.8 pip

(3) Premium Account

The HYCM Premium account is designed for advanced traders who need VIP customer service.

1. The minimum deposit is $2,500
2. The minimum spread when trading Forex is 1.8 pip

(4) HY Pro Trader Account

HY Pro account can meet the needs of professional and institutional Forex traders. The HY Pro platform offers interbank pricing and liquidity driven by global Tier-1 banks. The order execution is pure STP and the minimum spread is just 0.5 pip. HYCM provides also VIP customer service on a 24/5 basis.

1. The minimum deposit is $5,000
2. The minimum spread when trading Forex is 0.5 pip

 

 

■ HYCM Accounts

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HYCM is an STP broker offering maximum safety of money and fair conditions when trading the Foreign Exchange or any other financial market. The group behind HYCM is the Honey Group, a famous UK financial services provider founded back in 1978. HYCM is regulated by several regulatory bodies including FCA UK, DFSA, SFC, and MiFID (EU). The broker is domiciled in the UK.

 

HYCM Trading Features

HYCM can meet the needs of every Forex trader including beginners, advanced and professional traders by offering good customer service a wide asset index, and various trading platforms. The only disadvantage is that their spreads are a little bit wide and that can be bad news if you trade Forex intra-day or if you are implementing automated Forex strategies. Of course, if you open an HY Pro account (minimum deposit $5,000) you may trade with spreads starting as low as 0.5 pip on EURUSD.

HYCM Profile

Model of Order Execution:	STP
Minimum Deposit:	$50
Maximum Leverage:	30:1
Scalping:	No
Hedging:	Yes
Practice Account:	Yes
USA Traders:	Yes
Islamic Accounts:	Yes
Customer Support Languages:	Arabic, English, Russian
Personal Account Manager:	Yes (VIP)
Education:	Yes
Telephone Orders:	Yes

Trading Orders

HYCM provide a full set of trading orders including Market Orders, Pending Orders, Stop Orders, Limit Orders, Trailing Stop Orders, OCO Orders, and One-Click-Trading. Telephone orders are also available.

All HYCM Trading Platforms

HYCM offers the following trading platforms:

1. HY MT4 Download
2. HY MT4 Webtrader (MT4 without the need of downloading and installing any software)
3. HY ProTrader (institutional-grade platform powered by Currenex)
4. HY Webtrader (best choice for beginners)
5. HY WebTrader Mobile
6. HY MT4 Mobile (mobile version of MT4)

(1) HYCM MT4 Download / MT4 WebTrader

HYCM provides two versions of MT4, the classic MT4 download version and the MT4 WebTrader which does not require installation and is 100% web-based.

1. Trade any financial asset (currencies, energies, metals, soft commodities, and equities)
2. Live news feed
3. HYCM Personal Dealer Service
4. 24hour customer service and dealing support when trading with MT4 (via phone, live chat, and email)
5. Monitor live your positions, your equity, and your P&L account
6. Advanced charting capabilities and 50 technical analysis indicators
7. TradingCentral analysis
8. Allows Expert Advisors and Automated Trading
9. Setup guide for beginners

(2) HYCM Pro Trader

HYCM Pro Trader is a very advanced trading platform designed for institutional and other professional Forex traders.

1. A pure STP Execution model
2. High liquidity driven by global banks
3. Institutional-grade trading platform, powered by Currenex
4. Spreads starting as low as 0.5 pips
5. HYCM Pro accounts require a minimum deposit of 5,000 USD
6. Dedicated VIP account management
7. Fast Order Execution without delays
8. Customizable visual environment
9. An advanced set of trading orders

 

(3) HYCM WebTrader

This is a web-based trading platform designed by HYCM mainly for beginners. Charting capabilities include versatile functions, multiple time frames, and chart options plus a full set of technical analysis tools and indicators.

1. Minimum account required as low as $50
2. Start trading immediately without installing any software
3. Quick deposit and withdrawal funds
4. Trade any market (Forex, energy, metals, soft commodities, and equities)
5. Integrated live pricing and trade screen
6. Easy-to-control Money Management System
7. Full set of trading orders
8. Account history at a glance

(4) HY WebTrader for Mobile Devices

HY Webtrader Mobile supports iOS and Android mobile devices.

1. Complete set of trading capabilities
2. Real-time prices
3. News-feed
4. Advanced charting
5. Economic calendar
6. Integrates completely with any HY Webtrader Account

(5) HY MT4 Trader for Mobile Devices

The HY MT4 Mobile offers trading in any financial market via your smartphone.

1. Full access to your account (Deposit and Withdraw Funds via your mobile)
2. Advanced Charting
3. 30 Technical Analysis Indicators
4. Real-time streaming news
5. Full functionality
6. P&L reports

 

 ■ HYCM (HYCM) Platforms Review

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