My manager helped me learn all the ins and outs of affiliate marketing. As a result, I’m already earning a steady income and attracting 4-6 new referrals every month. It’s not much, but I know that I’m still at the beginning of my journey. Moreover, even such figures allow me to earn decent money in HY Affiliates. For that time company gathered a lot of traders and there’s a lot of info about it across the Web.
There are excellent trading conditions in the company. I’m satisfied with the fact that the minimum deposit is so small in HYCM. I like the fact that I can choose an account with the right type of spread. And of course, the availability of MT5 makes me very happy. It’s because it caters to conservative traders and it’s reflected in anything. It has a very rich experience – more than forty years.
For example, MetaTrader 4 is one of the most commonly used platforms and will likely be a fine starting point for many people getting involved in trading for the first time. You will have some good options for you to work with, most of them making sure you have access to modern trading platforms that also comes with the new and improved Expert Advisors system.
Raw accounts have a $4 commission per round on forex trades and some commodities. Our broker review was pleased to see that fees are in line with the industry. HYCM is an international forex and CFD broker with industry-leading platform integration. Our review covers the essentials of trading with HYCM, including the login process, minimum deposit requirements, spreads, and their deposit bonus offering. And hycm took a completely different path and, on the contrary, provided a sufficient variety of services, and this despite the fact that the company has several regulators.
An additional feature unique to the HYCM MT4 trading platform is the integration of technical analysis by Trading Central. All in all, traders will not be disappointed with the MT4 trading platform provided by HYCM. For a minimum deposit of $100, traders get spreads starting from 1.2 pips. MetaTrader only broker, generally suited for intermediate and experienced traders. They offer several account types, appropriate for multiple trading styles. HYCM is a MetaTrader-only broker, having chosen to focus on the MT4 and MT5 as its trading platforms. Traders at HYCM are given access to the award-winning, MetaTrader 4 forex platform, regarded by most traders as the industry standard for forex trading.
In order to be sure that HYCM is not a scam, read our trader reviews and check other popular trading related websites and forums. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Evidently, the HYCM approach to online trading is paying off. And in addition to positive user reviews, HYCM has received fifteen industry awards from a number of publications across the world.
If you are not too sure about the broker’s services, you can always open an HYCM demo account to get familiar with the broker’s different trading products. HYCM’s parent company, Henyep Group, has been in operation for more than 40 years, starting originally as a gold dealer in Hong Kong in 1977. The company branched out into property, capital markets, investments and Forex trading in the 1980s and launched an online trading platform in 2007. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades. HY Markets offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. As you can see, HY Markets’s minimum spread for trading EUR/USD is 2.0 pips – which is relatively high compared to average EUR/USD spread of 0.70 pips.
Special Note, the content of the FX919 site is for information purposes only and should not be construed as investment advice. The client understands and takes into account all risks arising with Forex trading is not relevant with FX919, the client should bear full responsibility for their consequences. HYCM supports deposit and withdrawal methods by debit card , VISA/MASTERCARD credit card , and bank transfer , all without deposit fees. Debit card withdrawals with a minimum amount of $20 are subject to a $30 processing fee and take 3 to 5 business days to process. Credit card withdrawals are subject to a minimum amount of $20, a $0 or $30 processing fee, and a processing time of 3 to 5 business days. The minimum withdrawal amount is $300 by bank transfer, with a $0 or $30 processing fee and a processing time of 7 to 10 business days.
There’s also an Islamic trading account for Muslim traders. In this company, all the answers to the questions boil down to one thing. Practically every trader can afford to open an account here. Moreover, there types of accounts without commissions. So I will tell you right away, the conditions are very favorable. From forex to stocks, metals, commodities and indices, any trader would will be satisfied with the popular asset choices available and confident that he would be getting a cost advantage. Innovation and customer service are also major attributes of this firm, and its new proprietary trading platform is emblematic of its leadership position in international capital markets.
What Deposit And Withdrawal Methods Hycm (henyep Capital Markets) Supports?
HY Webtrader supports the iPhone, iPad and Android devices. The latest in 128-bit SSL encryption technology protects your personal and trading activity data from hacker intervention. HYCM maintains a broad corporate footprint in over 20 countries and three continents. Client funds are always safe, protected by regional compensation plans, by segregated trustee accounts in top-tier banks, and by external regulatory compliance. They offer full Islamic accounts for all three levels for traders compliant with the Sharia law.
FOLLOWME does not held any responsibility for the communication failures, miss-transmissions or delays that occur during online trading. For the most part, this description rings true, with the average age of the new crop of online brokers tending to fall around the decade mark—give or a take a few years. Given this average age, brokers like HYCM are one of the few firms who have been around since long before trading moved online. With that said, with over forty years of experience in continuous operation, HYCM is one of the few brokers around who can make a serious claim to being one of the original players. There are generally no maximum deposit limits except for card methods which have a specified deposit limit that is given to traders when they open accounts. For me, operation execution time is one of the most important factors.
And the most striking detail in this functionality is of course the three types of spreads. This is really important and it allows every trader, regardless of the amount of capital, to choose a high-quality format that will be used for a long time. The heart of the HY Markets service is their state-of-the-art trading platform. They provide traders with the choice between an easy-to-use web-based online trading platform and a downloadable platform with mobile phone trading integration.
Use demo first guys if you don’t want to lose everything. Traders do not benefit from depositing bonuses or promotional offers. The platforms offered, though, rank among the best in the industry at this present moment in time. For a safe work with company that makes it easy to avoid any regulatory issues, then, be sure to take a look at HYCM. Please note that the actual trading conditions also depend on the account type you use.
Eg click on ‘1 star’ to just display the reviews we have which received a 1 star rating click or ‘Within the last month’ to display just reviews posted over the last month. The main index products are A50, Dow Jones, Global Stock Index, Hang Seng Index, CSI 300 Index.
These fees occur when you decide to hold your position. The longer you stay in CFD or FOREX trade, the more fees will accumulate, making the final amount rather hefty. The benchmark fee takes into account commissions, spreads and financing costs. Except for a slight difference depending on your country, non-trading fees are low to non-existent. You won’t be charged for inactivity, as well as a deposit of over €100.
- Once they get familiar with the tools available to them, the experience becomes quite intuitive.
- Traders do not benefit from depositing bonuses or promotional offers.
- This account requires a deposit of $10,000 and has no limitations.
- The research tools are available on both MetaTrader platforms, as well as within the client portal.
- While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest.
You won’t find much besides an economic calendar – which, to HYCM’s credit, provides easy access to a comprehensive amount of reviews. People looking for live education, will find plenty of information by experienced coaches via workshops. Furthermore, HYCM organises free offline events and meetups in some regions.
When I read in one of the hy affiliates reviews that you can choose several commission types at once, I realized that this is what I need. Because firstly, I have already faced the fact that both CPA and Lot-Rebate do not give me the desired result individually. And I couldn’t find a company that would provide me hybrid commission terms. It’s a good thing I got hy affiliates reviews on one of the forums. It was very crucial for me to find a trustworthy brokerage service after my recent negative experience.
This account requires a deposit of $10,000 and has no limitations. As a VIP you are treated as a VIP meaning your wish is pretty much their command, within reason of course. Depending on your trading wishes and requirements, HYCM MT4 Broker offers three different types of account. A special feature that they offer is the free signal service that is integrated into their MT4 giving the traders amazing trading opportunities. HYCM MT4 Broker is working out or London, UK, for people that have been trading for a while they know this brand as HYCM is one of the oldest, best-known Forex brokers in the market. When they were founded 35 years+ ago they were called HY Market. HYCM Resources and Account TypesDepending on your trading wishes and requirements, HYCM MT4 Broker offers three different types of account.
At the time of the review HYCM hasn’t offered any stock and ETFs directly. To put things in a proper context we compare HYCM with the competing services, based on product offering, fee structure, and customer profile. As a listed company at the Warsaw Stock Exchange, XTB should be expected to go the extra mile to ensure transparency of its operations. Among XTBs regulators are the FCA & Polish Regulatory authorities. or find your next broker using our free interactive tool.
The broker used to offer an HYCM bonus for traders depositing into their live trading accounts. But that seems to have stopped due to the conflict of interest with clients. Traders are expected to fulfill all the terms and conditions of a bonus before initiating any withdrawal. This has led to past conflicts between traders and the broker in regards to the applicable rules and policies. The good thing is HYCM is copying other FX brokers by offering a loyalty program that provides a cash rebate by accumulating certain lot conditions.
HYCM also has very few bonuses available for its clients, which is usually enough to push away first timers looking for a bigger piece of the free pie. There are currently 2 bonus programs available to HYCM clients. To take part in the promotion, you need to replenish your account with at least $1,000. Be sure to clarify the conditions of participation in the promotion with your personal manager. The second comes in the form of rewards via the bring a friend program. The program was developed by HYCM in order to reward traders for support and active recommendations to their friends.
Users can also refine their execution strategies in MT4 and MT5 using Expert Advisors . This technology allows 24/5 automated trading without third party bridges and is easy to install. Someone was talking about the huge payouts, someone was praising the marketing tools. As an uninformed person, I remembered only that each partner has a personal manager who really helps in the work. But about six months ago, I came across an interesting topic on the forum.
Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with HY Markets vs. similar brokers. Additionally, the brokerage has teamed up with Seasonax to offer clients an intelligent seasonal pattern analytics service. With an intuitive dashboard, the tool uses powerful algorithms to scan the markets and identify trading opportunities across FX, stocks, indices and commodities.