HYCM (HENYEP MARKETS) — AN OVERVIEW OF THE TRADING PLATFORM 4.5/5 Min. deposit $100 Website address https://www.hycm.com/en Demo account Yes Currency AEDEURGBPRUBUSD Supported languages EngRus Active Yes Payment Methods Bitcoin PaymentsEthereum PaymentsMastercardNetellerSkrillVisaWire Transfer Instruments CFDsCommoditiesETFsForexindicesshares Min. trade price 0.01 lots Regulated By CIMACySECDFSAFCA MetaTrader 4 Yes MetaTrader 5 Yes cTrader No OmniTrader No AlgoTrader No TradingView No Trading Central Yes Autochartist No eSignal No STP Account No ECN Account Yes DMA Account No MAM Account No PAMM Account No LAMM Account No Demat Account No Mobile Apps Yes Margin Trading Yes Volatility Index No Spot Trading Yes Perpetual Swaps No ELWs No REITs No AI / Machine Learning No Robo Advisor No P2P Trading No Negative Balance Protection Yes VPS Hosting No Tournaments No Demo Competitions No Managed Accounts No Market Maker No Auto Trading Yes Social Trading No Copy Trading No Trade Signals No Islamic Account Yes Guaranteed Stop Loss No Stock Exchanges Australian Securities ExchangeHang Seng Commodities CoffeeCopperCottonGoldOilPalladiumPlatinumSilverSugar Forex Trading Trade on the FX market with flexible leverage and dynamic market spreads. Forex GBPUSD Spread From 0.4 + $4 per round Forex EURUSD Spread From 0.1 + $4 per round Forex EURGBP Spread From 0.4 + $4 per round Forex Assets 40+ Crypto Lending No Crypto Staking No Crypto Mining No Crypto Auto Market Maker No Ladder Options No Boundary Options No Show all >>* The amount that will be credited to the account in the case of a successful deal*General Risk Warning: Your capital might be at riskMin. deposit100$Min. trade price5$Website addresshttps://www.hycm.com/enDemo accountNoCurrencyAEDEURGBPRUBUSDSupported languagesEngRusActiveYes * The amount that will be credited to the account in the case of a successful deal Trustpilot Real Time Reviews The Trustpilot rating is 4.5, according to 211 reviews Elian Dobrev bg Looking back at my early trading days, I recall exploring various brokerage firms to enroll in. One of the choices that caught my attention was HYCM. This happened around two decades ago, and opening an account was more complex compared to these times. It is impressive to see HYCM's ability to meet the constantly changing demands of traders by offering an advanced platform. This achievement is rare among brokers and worth applauding.View all paul nistor ro HYCM is a cool borker that's been around for a while. They're legit and offer great trading conditions like quick execution and tight spreads, puls they've got different account types depending on how yuo trade. HYCM always stays ahead of the game with dope tech, so you can use the best tools out there. Whether you're new or experienced, HYCM is reliable and awesome.View all Brian pt After all those years in the industry, and I am still seeing they are coming up nicely with the upgrades, improvements and new features. Thanks to them, I also improve as a trader.View all Alessandro it This affiliate program has several advantages. But for me the most important one is that I get a lot of useful information about all the processes. I can use this information to improve my work. And the more effective the processes are, the more profit I get.View all Anze Perko si I take the security of my personal data seriously. And when I chose a broker to open a trading account with, I carefully studied all the services and methods that provide such security. I can say that I am impressed with how this company takes care of security.View all Kjell se Even though the leverage on trading cryptos is restricted, it's even better. See no sense using more than 1:20, as the asset is highly volatile.View all Load more Saqib Iqbal Author Chris Cartwright Editor 6 min read Published: October 15, 2018 Updated: November 30, 2022 Views: 117Content Review of well-known and promising brokers: HYCM (Henyep Markets) Why traders register accounts on HYCM (Henyep Markets) Review of well-known and promising brokers: HYCM (Henyep Markets) Choosing a promising financial broker, many traders faced such an outstanding company as HYCM (Henyep Markets). More precisely, with its successor – HYCM (after 2016).Why a broker with 40 years of experience in the global financial market had to close its trading platform and transfer its clients to a new web resource, the world wide web (as well as the owners of the company), is unknown.This incomprehensible commercial move dealt a serious blow to the broker’s reputation. Many specialized resources added it to the “black lists”, emotional comments appeared on the forums that this company is a group of fraudsters, about the huge amounts that the organization allegedly stole, etc.But even after a cursory study of the activities of HYCM (Henyep Markets ) there are serious doubts about the veracity of such statements. Yes, the broker site stopped its work, but the resource owners continued to fulfill all their obligations, the assets of the broker’s clients did not suffer, they were given the opportunity to continue working on the new website using old accounts.It turns out that there were no fraudulent schemes, and negative reviews – these were completed orders of competitors who were afraid of such a strong opponent. In order to be convinced of this or disprove this statement, it is necessary to study in detail the activity of the broker, focusing on objective facts and independent observations.Further reading City Index: Review & Trader Feedback of the UK Platform Uncovering the Benefits of Dukascopy Swiss Forex & CFD Brokerage How to Read Candlestick Charts? (The Battle of 2 Species) OptionClub review 2023: should you sign up? 10 Best Crypto Signals 2023 (Free & Paid) ZENITH TRADING STRATEGY FOR BINARY OPTIONSWhy traders register accounts on HYCM (Henyep Markets) Despite the solid “track record” of the broker HYCM (Henyep Markets), its trading platform existed for less than a year and in 2016 the administration of the web resource announced the closure of the official platform.Of course, this does not look quite logical, but most likely, the project organizers had their own reasons for making such a decision.Customer safetyThe fact that the money and information of traders who have decided to cooperate with HYCM (Henyep Markets) are in safe hands is evidenced by the immaculate “moving” of accounts to the new trading platform in 2016.Today, a well-known SpotOption platform and an application developed for HYCM (Henyep Markets) are used to operate the web resource, which allows you to carry out affordable financial transactions using mobile devices.Users’ money is kept on separate accounts in large European banks, which guarantees the safety of deposits, regardless of the financial condition of the broker.In the case of almost any problems, traders can contact the support service (working around the clock, seven days a week). For communication with qualified specialists are used: telephone, e-mail and online chat on the company’s website.Who controls the broker’s activityMany traders claim that they would not hesitate to re-register their login with HYCM (Henyep Markets), since the broker’s activities are regulated by serious institutions. That is, users do not need other guarantees, except for the licenses of these organizations. In this case, the broker’s activities are monitored:UK Financial Services Authority (FCA).Cyprus Securities and Exchange Commission (CySEC).The latter institution enjoys prestige in almost any European country. This is due to the rather high reporting requirements of brokers, as well as decent fines and the cost of licenses that CySEC management has established.TrainingEven a novice with a zero level of training, after studying the training materials posted on the broker’s website, will be able to earn money by entering into transactions with financial assets. The course includes: a brief glossary of terms, an introduction to the basics of online trading, as well as interactive e-books with graphs, tables and illustrations.Also, the administration of the web resource offers its users to consolidate their knowledge in special webinars or take an additional course in online classes. Unfortunately, at the moment HYCM (Henyep Markets) does not provide a demo account that allows you to enter real transactions using virtual money.General Information about HYCM (Henyep Markets)Analyzing the reviews compiled about HYCM (Henyep Markets), one can see that most experts insist on the following classification of broker trading accounts: silver (deposit from $ 100), gold (deposit from $ 2500) and VIP (from $ 10,000). But on the official website there are the following types of accounts:fixed (with a deposit of $ 100);classic (from $ 100);RAW (with a deposit of $ 200).In order to avoid misunderstandings during registration, if you have any questions about the choice of a trading account, please contact support (how to contact, as indicated above).Trading TermsThe minimum deposit is $ 100.The amount of the bet – from $ 5.Potential profit of contracts – up to 82%.Types of contracts – pairs, ladder, one touch, 60 seconds, daily and long-term options.Demo account – no.Currency accounts – British pound, euro, Australian and American dollars.Methods of depositing / withdrawing fundsIf you look at the specialized resources left by users about HYCM (Henyep Markets), you can conclude that for our compatriots the minimum deposit of $ 100 and the set amount for withdrawal – $ 50, are quite large. Not every trader will risk such money, especially when it comes to the first rate. To deposit / withdraw funds, you can use:Transfer through a banking institution.Webnoney.Debit and credit cards (Visa, MasterCard).Moneta.ru.Skrill.Neteller.AssetsIn addition to the binary options on the submitted trading platform, CFD contracts are available, as well as the following assets:Currency pairs.Indices.Cryptocurrencies.Promotions.Precious metals.Raw materials.Analyzing the above information, we can conclude that the presented company does not fall into the category of scammers (otherwise, it would have disappeared in 2016, with customers’ money), the broker offers a large selection of ways to make money, and its main advantage is the availability of licenses from reputable organizations.But the company needs to solve something with a demo account, install a more modern platform and be sure to eliminate such negative indicators as withdrawing money for a period of three weeks.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.Further reading E-Trade feedback on the trading platform Swissquote review 2023: should you sign up with this broker? What Is an Option What is the Difference Between Binary Options and Forex Trading? ZENITH TRADING STRATEGY FOR BINARY OPTIONS Binomo Review 2023: Is It Worth a Try?