HYCM (HENYEP MARKETS) — AN OVERVIEW OF THE TRADING PLATFORM

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.

Of course, this does not look quite logical, but most likely, the project organizers had their own reasons for making such a decision.

Customer safety

The 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 activity

Many 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.

Training

Even 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 Terms

• The 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 funds

If 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.

Assets

In 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.

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