HYCM Review 2020 - Is HYCM a Scam?

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HYCM's review

Minimum: $100
Leverage: 1:200
Headquarters: London
Licenses: FCA, CySEC, DFSA

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  • licenses and security
  • Available financial instruments
  • Account types
  • Trading costs
  • Trading platforms
  • Order execution speed
  • global reputation
  • Technical problems
  • customers service
  • Offers and rewards
  • Partnership Program
  • Market research and education
  • forex assessment in arabic

Who is HYCM?

HYCM (formerly HY Markets) is a trading name of the Henyep Capital Markets Group, the group also includes Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Ltd and Henyep Capital Markets (DIFC) Limited, HYCM spans across 3 continents and 20 countries around the world. The Henyep Group has been in operation for 40 years and was established in 1977 and is considered one of the oldest companies in the industry, operating from its offices in London, Dubai, Hong Kong, Kuwait and Cyprus and is subject to supervision by the relevant authorities in those countries.

HYCM is authorized by two tier 1 (high trust) regulators, two tier 2 regulators (medium trust) and a tier 3 regulator (low trust). HYCM is authorized by Tier 1 regulators: the Securities Futures Commission (SFC) and the Financial Conduct Authority (FCA).

HYCM Rating for 2020 - Is HYCM a Scam?Licensing and Trust

Henyep Capital Markets Group's main financial center licenses

Henyep Capital Markets (UK) Limited : FCA UK license MM with reference number 186171 Obtained the license in 1998

HYCM Rating for 2020 - Is HYCM a Scam?HYCM (Europe) Ltd : CySIC license in Cyprus STP, License No. 259/14 Obtained on 26/11/2014 - Previous name in Cyprus FTSL Financial Trading Solutions Limited.

Henyep Capital Markets Group Offshore Licenses

HYCM Ltd: Cayman Islands Monetary Authority License

Other licenses and registrations of Henyep Capital Markets

  • BaFin Regulatory Authority License (Germany)
  • CNMV Regulatory Authority License (Spain)
  • AFM Regulatory Authority License (Netherlands)
  • Regulatory Authority License FI (Sweden)
  • FIN (Finland) Regulatory Authority License
  • MNB Regulatory Authority License (Hungary)
  • CONSOB License (Italy)
  • ACP Regulatory Authority License (France)
  • KNF License (Poland)
  • Dubai Financial Services Authority (UAE) license
  • Kuwait Chamber of Commerce and Industry license

Financial instruments available for trading

HYCM offers trading offers on more than 300 financial assets.

  • Currency Pairs – Highest Leverage 1:200
  • Stocks - Highest Leverage 1:20
  •  Indices - Highest Leverage 1:20
  • Cryptocurrencies - Highest Leverage 1:20
  • Commodities - Highest Leverage 1:133

Account types and trading costs

Register a real account Register a demo account

HYCM offers three types of accounts, with a minimum deposit of 100$, it also has an account with fixed and limited spreads at the same time but without the use of automated trading, the other accounts are the Classic Moving Spread account and the Net Spread account beside the commission RAW.

You can also get special discounted spreads “fixed or moving” if your VIP account, i.e. the amount of deposit is greater than or equal to 50 thousand dollars to get this offer Connect with us directly.

HYCM Rating for 2020 - Is HYCM a Scam?Withdrawal and deposit methods

You can withdraw and deposit through remittances and bank cards of all kinds. You can also use electronic banks such as Neteller Bank, Skrill and WebMoney. Withdrawal and shipping usually takes between instant and hour for electronic banks and bank cards.

HYCM Rating for 2020 - Is HYCM a Scam?

HYCM Rating for 2020 - Is HYCM a Scam?Warnings from regulators and global reputation

There are, so far, no warnings from the regulatory authorities about the broker, not working without a license or warnings of fraudulent operations.

Featuring The broker with a global reputation is more than excellent It also ranks first in online evaluations, and the broker has received a number of awards from some reputable institutions such as the Financial Times, and positive reports have been written about it in the most famous international newspapers, such as

CNBC Africa, Zawya, MENAFN, Yahoo Finance, TheStreet, MarketWatch, Forbes, EconoTimes, Bitdays, Buzzfeed, Bitcoin.com

It is also worth noting that the broker occupies the first place in terms of the low percentage of clients who lost their money, which is only 58% out of the total clients, which is a good indicator about providing a suitable trading environment. In order to rank brokers according to clients' losses Press here.

Offers

You should know that the financial department or the risk management department of HYCM does not compromise, so you must read the conditions of the bonus well before obtaining it, do not try to take the bonus more than once with different accounts and do not register accounts with the names of relatives or friends, this will cause your account to be closed during Withdrawing the profits and sending the basic deposit to you and you will not be able to open an account with HYCM company again.

  • 10% Deposit Bonus Record the show.
  • Special offer for accounts 50.000$ or more - fixed spreads half the spreads for lower accounts Press here.
  • 0% Fees for deposits and withdrawals.
  • Special Offer - Forex Telegram Signals in Arabic.

Partnership Program

Forex in Arabic is one of the users of the partnership program in HYCM, as well as most of the major sites in the industry. The program starts with 2$ per lot and increases to 5$ per lot and then goes to a maximum of 10$ per lot, depending on the number of clients and their monthly trading, but the broker is characterized by an excellent agent area that facilitates follow-up And improve performance and extract various marketing tools and special offers.

Market Research

HYCM is considered one of the best market research providers in the industry according to its clients with the knowledge that the periodic webinars are in English.

Forex Peace Army Review

HYCM.com currently has 41 rated reviews and 8 unrated reviews. The oldest review is from September 26, 2007 and 3 new reviews have been published in the last 6 months. Average rating is: 1,868 stars Review ratings are distributed as follows:

  • 5 ratings 5 star rating
  • 6 posts rated 4 stars
  • 3 posts 3 star rating
  • 4 posts rated 2 stars
  • 17 posts rated 1 star
  • 6 posts rated 0 stars

Forex Peace Army has never presented any case in the Merchants Court against the broker. The discussion thread dedicated to HYCM.com has 8 responses. There are currently about 3 complaints about HYCM.com in the Cheat Alerts folder, 0 of these topics were opened less than 6 months ago. HYCM.com has two registered representatives, whose profiles can be accessed on Forex Peace Army.

Is HYCM Corporation a swindler?

Definitely not, HYCM It has an excellent global reputation and is considered one of the oldest and most stable companies in the industry, licensed by the best regulatory bodies in the world. Its evaluation is always distinguished on the best evaluation sites. It is even considered one of the top 5 brokers in the UK. Most of the problems posted about it are related to violating the terms of the bonus, the company is excellent for the beginner and the professional with different account sizes.

Important Alert: Forex in Arabic is an independent brand and we have no connection with other entities similar in name. All our articles are subject to intellectual property rights and copied on websites without written permission or mentioning the source link is a breach of the DMC policy and exposes you to notification and removal from search engines.

ForexArby.com has no relation whatsoever with Metaquote and we have no responsibility regarding their products offered by our Sponsors.

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