Contents
Overview
Risk Warning: Your Capital is at Risk
HYCM is a leading online provider of forex and Contracts for Difference (CFDs) trading services for both retail and institutional traders. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. HYCM offers trading in CFDs on forex, metals, indices, oil and gas, soft commodities, stocks and cryptocurrencies.
HYCM has received multiple awards from industry watchers for its platforms and services:
- 2017 – FXDailyInfo – Best Forex Broker Europe
- 2017 – World Finance – Best Broker – Middle East
- 2017 – Global Brands Magazine – Best Forex Broker Dubai
- 2017 – World Finance – Best Mobile Trading Platform
- 2015 – FX Report – Best Retail Platform
Traders can take comfort in the fact that HYCM has a more than 40-year history of offering financial products and services to the trading community. Traders seeking a stable, well-regulated broker that offers its customers access to over 100 forex and CFD products should check out HYCM. Please remember that trading CFDs exposes traders to the possibility of losses. While HYCM is a responsible broker and won’t allow you to lose more than you have invested in your HYCM account, CFD trading is for experienced traders.
This review of HYCM will cover all of the important details about the broker and discuss its major advantages and disadvantages.
Why Choose HYCM?
What's Good About HYCM? | What Could HYCM Do Better? |
---|---|
![]() | |
![]() | ![]() |
![]() | ![]() |
![]() | ![]() |
![]() | ![]() |
![]() | |
![]() |
HYCM - Essential Information
![]() | |
---|---|
Overview | Award-winning online trading platform |
Our Overall Rating | |
Broker Trust Rating | 85/100 |
Founded | 1977 |
Product | CFDs |
Markets | Forex Indices Metals Oil and Gas Soft Commodities Stocks Cryptocurrencies |
Countries Served | More than 150 (Full list below) |
Minimum Deposit | Minimum deposit varies depending on the account you open |
Fees | HYCM is a no-commission broker. It makes money through the market bid/ask spread (See below). See here for full list of fees |
Regulator(s) | Cyprus Securities Exchange (CySEC) Financial Conduct Authority (FCA) |
Customer Support | 24/5 email, phone, fax and live chat in multiple languages |
Awards | Winner of numerous international awards, including Best Broker and Best Retail Platform |
Demo Account | Yes - a free demo account is available but it is separate from your live account |
History
HYCM is a division of The Henyep Group, which is a global corporation with businesses in Asia, Europe and North America. The group was founded in 1977 as Henyep Gold Dealers and became a member of the Hong Kong Gold and Silver Exchange Society. The group soon created divisions Henyep Securities and Henyep Commodities and expanded its trading in Asia.
By 1980, Henyep set up a branch in New York and was later approved as a member of the Commodity Exchange of New York (COMEX).
Throughout its history, The Henyep Group has shown a keen interest in building sophisticated products and trading technology. In 2000, Henyep Investments pioneered CFD trading on energy and commodities and launched an online stock trading platform, Hotrade. The company launched its second generation online trading platform HY Trader 4 in 2006 and its highly touted HY Markets Online platform in 2007. In 2016, Henyep consolidated its capital markets investment brands and launched its multi-platform online trading website HYCM.com.
HYCM has its headquarters in London, United Kingdom and an operational office in Limassol, Cyprus. The company also has a physical presence in Hong Kong and Dubai.
The group of companies is regulated as follows:
Henyep Capital Markets (UK) Limited is authorized and regulated by the Financial Conduct Authority (Company reference number 186171).
HYCM (Europe) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (License Number 259/14). The MiFID Directive provides a passport, which allows the entity to operate throughout the European Union. In addition, HYCM Europe is individually licensed with the following EU member states:
- Germany – Federal Financial Supervisory Authority (BaFin) – See register here
- France – Autorité de Contrôle Prudentiel (ACP) – See register here
- Spain – Comisión Nacional del Mercado de Valores (CNMV) – See register here
- Poland – Polish Financial Supervision Authority (KNF) – See register here
- Sweden – Finansinspektionen (FI) – See register here
- Italy – Commissione Nazionale per le Società e la Borsa (CONSOB) – See register here
- UK – Financial Conduct Authority (FCA) – See register here
- Hungary – Magyar Nemzeti Bank (MNB) – See register here
HYCM offers customers dedicated 24/5 customer support in multiple languages. Traders can contact HYCM customer service by phone, fax, email or live chat or directly through the company’s worldwide offices. Traders can view the HYCM website in English, Spanish, Arabic, Italian, Russian and Chinese.
Where Does HYCM Operate?
HYCM is available in more than 200 countries and territories:
See all the countries HYCM operates in
- Aland Islands
- Albania
- Algeria
- American Samoa
- Andorra
- Angola
- Anguilla
- Antigua and Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belarus
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Bonaire, Sint Eustatius and Saba
- Botswana
- Bouvet Island
- Brazil
- British Indian Ocean Territory
- British Virgin Islands
- Brunei Darussalam
- Bulgaria
- Burkina Faso
- Burundi
- Cambodia
- Cameroon
- Canada
- Cabo Verde
- Cape Verde
- Cayman Islands
- Central African Republic
- Chad
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Comoros
- Congo
- Congo, the Democratic Republic of the
- Cook Islands
- Costa Rica
- Croatia
- Cuba
- Curacao
- Cyprus
- Czech Republic
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eritrea
- Estonia
- Ethiopia
- Falkland Islands
- Faroe Islands
- Fiji
- Finland
- France
- French Guiana
- French Polynesia
- French Southern Territories
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guam
- Guatemala
- Guernsey
- Guinea
- Guinea-Bissau
- Guyana
- Haiti
- Heard and Mc Donald Islands
- Helena
- Holy See(Vatican City State)
- Honduras
- Hong Kong
- Hungary
- Iceland
- India
- Indonesia
- Cote d’Ivoire
- Iran
- Ireland
- Isle of Man
- Israel
- Italy
- Jamaica
- Jersey
- Jordan
- Kazakhstan
- Kenya
- Kiribati
- Korea
- Kuwait
- Kyrgyzstan
- Latvia
- Lebanon
- Lesotho
- Liberia
- Libya
- Liechtenstein
- Lithuania
- Luxembourg
- Macau
- Macedonia
- Madagascar
- Malawi
- Malaysia
- Maldives
- Mali
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia, Federated States of
- Moldova, Republic of
- Monaco
- Mongolia
- Montenegro
- Montserrat
- Morocco
- Mozambique
- Myanmar
- Namibia
- Nauru
- Nepal
- Netherlands
- New Caledonia
- New Zealand
- Nicaragua
- Niger
- Nigeria
- Niue
- Norfolk Island
- Northern Mariana Islands
- Norway
- Oman
- Pakistan
- Palau
- Palestine
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Pitcairn
- Poland
- Portugal
- Puerto Rico
- Qatar
- Reunion
- Romania
- Russian Federation
- Rwanda
- Saint Helena
- Saint Kitts and Nevis
- Saint Lucia
- Pierre and Miquelon
- Saint Vincent and the Grenadines
- Samoa (Independent)
- San Marino
- Sao Tome and Principe
- Saudi Arabia
- Senegal
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Sint Maarten (Dutch)
- Slovakia
- Slovenia
- Solomon Islands
- Somalia
- South Africa
- South Georgia and the South Sandwich Islands
- South Korea (Republic of Korea)
- South Sudan
- Spain
- Sri Lanka
- Sudan
- Suriname
- Svalbard and Jan Mayen Islands
- Swaziland
- Sweden
- Switzerland
- Syria
- Taiwan
- Tajikistan
- Tanzania
- Thailand
- Timor-Leste
- Togo
- Tokelau
- Tonga
- Trinidad and Tobago
- Tunisia
- Turkmenistan
- Turks and Caicos Islands
- Tuvalu
- Ukraine
- United Arab Emirates
- United Kingdom
- Uruguay
- Uzbekistan
- Venezuela
- Vietnam
- Wallis and Futuna Islands
- Western Sahara
- Yemen
- Zambia
- Zimbabwe
Restricted Regions
HYCM does not offer CFD trading to residents of certain countries and regions including:
- Afghanistan
- Belgium
- Japan
- United States
Can I Trust HYCM?
Yes, HYCM is a trustworthy company that has been operating for over 40 years and is regulated in multiple jurisdictions.
HYCM is a safe and secure way to trade forex and CFDs. The company and its subsidiary are regulated by the Cyprus Securities Exchange (CySEC) and the Financial Conduct Authority (FCA).
Regulator | Countries Covered | Protections Offered | Additional Protections Offered |
---|---|---|---|
Cyprus Securities Exchange (CySEC) | Austria, Belgium*, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, The Netherlands, United Kingdom. CySEC also offers a provision of services to certain countries outside of the EU. *No CFD trading available. | All client funds are held in a segregated client bank account | The Investor Compensation Fund may provide up to €20,000 if HYCM fails. |
Financial Conduct Authority (FCA) | United Kingdom | All client funds are held in a segregated client bank account | The Financial Services Compensation Scheme (FSCS) may cover up to £50,000 if HYCM fails. |
Cyprus Securities Exchange
The Cyprus Securities and Exchange Commission (CySEC) is the financial regulatory agency of Cyprus.
Cyprus is a European Union member and is a financial services industry hub. Customers in countries regulated by CySEC are eligible for compensation of up to €20,000 if HYCM fails. HYCM’s CySEC License Number is 259/14.
Financial Conduct Authority
The UK’s Financial Conduct Agency (FCA) regulates HYCM’s activities in the UK.
The FCA is widely respected as a leader in financial regulation. In addition, the UK scores highly in Transparency International‘s rankings of countries based on their corruption perceptions index meaning the UK is a pillar of anti-corruption. HYCM customers in the UK are protected by the UK based scheme Financial Services Compensation Scheme (FSCS), which was established to protect consumers when authorized financial services firms fail. FSCS pays compensation up to £50k to customers in the UK if HYCM is unable to pay. HYCM’s Financial Services Register reference number is 682782 (Henyep’s is 186171).
As for cybersecurity, traders can feel secure using the HYCM platforms. The broker has implemented state-of-the-art technology and detailed processes to handle key areas such as user authorization, data protection and network communication.
Who Runs HYCM?
The Henyep Group, the company that operates HYCM, is a privately held company. Stavros Lambouris is the CEO International of HYCM.
HYCM Trading Products
HYCM divides the products it offers to traders into seven categories: forex, metals, indices, oil and gas, soft commodities, stocks and cryptocurrencies. The broker offers three types of trading accounts, and some of the products listed below are only available to holders of Standard and VIP accounts.
1) Forex
HYCM Forex Products
- Euro Vs US Dollar
- US Dollar Vs Japanese Yen
- British Pound Vs US Dollars
- Us Dollar Vs Swiss Franc
- Australian Dollar Vs US Dollar
- US Dollar Vs Canadian Dollar
- New Zealand Dollar Vs US Dollar
- US Dollar Vs Hungarian Forint
- US Dollar Vs Mexican Peso
- US Dollar Vs Norwegian Krone
- US Dollar Vs Polish Zloty
- US Dollar Vs South African Rand
- US Dollar Vs Swedish Krona
- US Dollar Vs Turkish Lira
- US Dollar Vs Indian Rupee
- US Dollar Vs Russian Rouble
- Australian Dollar Vs Canadian Dollar
- Australian Dollar Vs Japanese Yen
- Australian Dollar Vs New Zealand Dollar
- Australian Dollar Vs Swiss Franc
- British Pound Vs Australian Dollar
- British Pound Vs Canadian Dollar
- British Pound Vs Japanese Yen
- British Pound Vs New Zealand Dollar
- British Pound Vs Swiss Franc
- Canadian Dollar Vs Japanese Yen
- Canadian Dollar Vs Swiss Franc
- Euro Vs Australian Dollar
- Euro Vs British Pound
- Euro Vs Canadian Dollar
- Euro Vs Japanese Yen
- Euro Vs New Zealand Dollar
- Euro Vs Swiss Franc
- Euro Vs Turkish Lira
- New Zealand Dollar Vs Canadian Dollar
- New Zealand Dollar Vs Japanese Yen
- New Zealand Dollar Vs Swiss Franc
- Swiss Franc Vs Japanese Yen
- US Dollar Index
2) Metals
HYCM Metal Products
- SPOT GOLD
- SPOT GOLD VS EURO
- GOLD CFD
- SPOT SILVER
- SPOT SILVER VS EURO
- SILVER CFD
- COPPER CFD
3) Indices
Customers can trade CFDs on the following country indices:
HYCM Indices Products
- US 500 Index
- US 100 Index
- US 30 Index
- UK 100 Index
- Germany 30 Index
- Euro 50 Index
- France 40 Index
- Italy 40 Index
- Spain 35 Index
- Japan 225 Index
- Hong Kong 50 Index
- China H-Shares Index
- China 300 Index
- China A50 Index
- India 50 Index
- Shanghai 50 Index
4) Oil and Gas (CFDS)
- US Oil Future
- Spot Oil
- Brent
- Natural Gas
5) Soft Commodities (CFDS)
- US Cocoa
- US Coffee
- US Sugar
- US Cotton
6) Stocks
Customers can trade CFDs on the following popular shares:
- Alibaba
- Apple
- Amazon.com
- Jd.com
- Microsoft
- Tesla Motors
- Vipshop Holdings
7) Cryptocurrencies (CFDs)
- Bitcoin/USD
- Litecoin/USD
- Ethereum/USD
- Ripple/USD
- Bitcoin Cash/USD
HYCM Account Types
HYCM offers three types of live trading accounts as well as a demo account:
Micro | Standard | VIP | |
---|---|---|---|
Min. Deposit | $100 | $1,000 | $10,000 |
No. Tradeable Products | 50 | 120 | 120 |
Min. Lot Trade Size | 0.01 | 0.01 | 0.01 |
Max. Leverage | 1:200 | 1:200 | 1:200 |
Min. Fixed Spread | 2.0 | 1.8 | 1.5 |
Trading Signals | No | Yes | Yes |
Mobile Trading | Yes | Yes | Yes |
Islamic Account Available? | Yes | Yes | Yes |
HYCM Spreads and Fees
The underlying financial instrument and the type of account determine the HYCM spreads that traders pay.
HYCM obtains the data from reputable third-party sources, which obtain the data directly from exchange feeds. HYCM receives its compensation through the market bid/ask spread.
Other relevant fee information:
Commission Fees: HYCM does not charge commissions to clients. Rather, the company receives its compensation through the (bid/ask) spread on each financial instrument.
Deposit Fees: The broker does not charge deposit fees to clients.
Withdrawal Fees: HYCM has six methods for withdrawing funds. Withdrawals by Visa, WebMoney, UnionPay Neteller and Skrill are free. Wire transfer withdrawals of less than $300 incur a $30 handling fee.
Overnight Funding Fees: This overnight HYCM fee (or credit) is either added to or subtracted from a trader’s account when a position remains open past a certain period of time.
Guaranteed Stop Orders: Traders who want to guarantee that their position closes at a specified price may pay wider HYCM spreads to execute these trades.
The following are the minimum spreads charged on a Standard Account:
Forex Spreads
HYCM Forex Spreads
Min. Spread | Min. Spread |
---|---|
EURUSD | 1.8 |
USDJPY | 2.3 |
GBPUSD | 2.5 |
USDCHF | 2.8 |
AUDUSD | 2.5 |
USDCAD | 2.8 |
NZDUSD | 3.7 |
USDHUF | 40 |
USDMXN | 40 |
USDNOK | 30 |
USDPLN | 35 |
USDZAR | 70 |
USDSEK | 30 |
USDTRY | 14 |
USDINR | 50 |
USDRUB | 200 |
AUDCAD | 5.8 |
AUDJPY | 4.4 |
AUDNZD | 7.3 |
AUDCHF | 6.2 |
GBPAUD | 6.7 |
GBPCAD | 6.7 |
GBPJPY | 5 |
GBPNZD | 9.3 |
GBPCHF | 7.3 |
CADJPY | 5.5 |
CADCHF | 5.8 |
EURAUD | 5.8 |
EURGBP | 3.2 |
EURCAD | 5.8 |
EURJPY | 3.7 |
EURNZD | 9.2 |
EURCHF | 4.2 |
EURTRY | 30 |
NZDCAD | 5.8 |
NZDJPY | 5.8 |
NZDCHF | 6.7 |
CHFJPY | 5 |
SPT_DXY | 7.7 |
Indices Spreads
HYCM Indices Spreads
Name | Min. Spread |
---|---|
US 500 Index | 5 |
US 100 Index | 15 |
US 30 Index | 4 |
UK 100 Index | 20 |
Germany 30 Index | 20 |
Euro 50 Index | 25 |
France 40 Index | 30 |
Italy 40 Index | 120 |
Spain 35 Index | 80 |
Japan 225 Index | 12 |
Hong Kong 50 Index | 10 |
China H-Shares Index | 10 |
China 300 Index | 30 |
China A50 Index | 100 |
India 50 Index | 80 |
Shanghai 50 Index | 30 |
Oil and Gas Spreads
HYCM Oil and Gas Spreads
Name | Min. Spread |
---|---|
US Oil | 4 |
SPOT OIL | 4 |
Brent | 6 |
Natural Gas | 20 |
Soft Commodity Spreads
HYCM Soft Commodity Spreads
Name | Min. Spread |
---|---|
US Cocoa | 5 |
US Coffee | 30 |
US Sugar | 5 |
US Cotton | 40 |
Stock Spreads
HYCM Stock Spreads
Name | Min. Spread |
---|---|
Alibaba | 20 |
Apple | 10 |
Amazon.Com | 40 |
10 | |
60 | |
Jd.Com | 10 |
Microsoft | 10 |
Tesla Motors | 30 |
10 | |
Vipshop Holdings | 8 |
Cryptocurrency Spreads
HYCM Cryptocurrencies Spreads
Name | Min. Spread |
---|---|
BTC/USD | 70 |
Litecoin/USD | 1.5 |
Ethereum/USD | 7 |
Ripple/USD | 10 |
Bitcoin Cash/USD | 140 |
Account Requirements
When you click on the red Create Account button on the HYCM platform, the system asks you to pick your country of origin from a drop-down menu. Before you can trade with HYCM for the first time, you need to answer a few questions. You enter your name, email, country of origin and phone number. Then you answer a few questions about your background and financial knowledge.
After completing this information, traders have to complete two more steps:
- Provide HYCM with information to verify account
- Fund their account with a deposit
HYCM Verification Process
Traders must provide certain documents to HYCM within seven days of opening an account:
- Copy of passport or National ID card
- Proof of address: The following are acceptable:
- Bank statement.
- Utility bill issued within the last 3 months
- If you deposited by credit card, HYCM requires a photocopy of the front of the card
Traders can submit these documents by email, fax, computer upload or mobile device upload.
Account Deposits
Traders can make deposits and withdrawals by Visa or MasterCard, wire transfer, WebMoney, Neteller, UnionPay or Skrill. Deposits by wire transfer take between 1 to 5 days for processing, while with the other methods, traders receive funds in their account instantly.
Depositing money in an account is fast and simple. Traders click on the Deposit Funds button on the main screen. Traders then select the deposit method of their choice, fill in the required information and click “Submit.” The minimum amount required to make a deposit starts at $100 for a Micro Account.
HYCM offers different amounts of leverage depending on the CFD product, but the maximum leverage on all three types of accounts is 1:200. Traders should consult the HYCM website for specific leverage allowances for each product. Each CFD also has specific HYCM margin requirements that traders must maintain. Traders who fall below the HYCM margin requirements risk receiving a margin call and having their position closed prematurely.
HYCM Withdrawal
Withdrawing funds from your HYCM account is easy and straightforward.
HYCM has withdrawal minimums depending on the method of withdrawal. For withdrawals to credit and debit cards and eWallets, there is a $20 minimum. The minimum withdrawal amount for a wire transfer to a bank account is $250.
When making a withdrawal, HYCM transfers your funds back to the original source you used to fund your account. In some cases, if they can’t refund the excess profits back to the original source used to fund the account, they will transfer the funds to your identified bank account. This account needs to be in the same name as the account maintained with HYCM. HYCM charges a $30 withdrawal fee on wire transfers of less than $300.
HYCM may require copies of your credit card before approving a withdrawal request. Traders should consult the banking section of the HYCM website for more details.
Withdrawal Times
Customers should consult the Deposits & Withdrawals section of the HYCM website for details about withdrawal times.
HYCM processes all withdrawal requests within a day of receiving them. However, depending on the final destination of the withdrawal, it may take up to seven days for funds to arrive.
HYCM MT4 Platform Review
HYCM offers traders two good platforms for trading. Traders can choose Prime Trader, which is HYCM’s state-of-the-art proprietary multi-asset platform, or they can go with the very popular industry standard MetaTrader4 (MT4) platform. They can also trade on the go using the HYCM mobile app.
This review will cover the MT4 platform.
The MT4 platform is a well-designed platform with excellent features for more experienced traders.
Logging in to the HYCM MT4 platform is simple and straightforward. The overview page directs you to the download link and the setup window. The download is very quick. Once traders agree to some standard disclosures they can click the MT4 icon on their desktop and be on the platform in minutes.
After logging in with their username and password, traders arrive at the main trading screen, which contains the three main panels that comprise the platform:
Market Watch Panel: This panel contains the live prices and symbols of popular instruments traded on HYCM.
Chart Window: This large panel in the middle of the screen displays the historical prices, technical indicators and charting tools used to create price charts. The chart window opens with four charts, and traders can customize and configure each of these charts with unique indicators and technical analysis tools. This feature is particularly nice for two reasons: 1) It allows the trader to look at four charts for different instruments or different timeframes at the same time, and 2) it has a built-in ticket feature that allows traders to click on the price and instantly send an order to buy or sell.
Traders can also right-click on any part of the Market Watch panel to get a list of useful data points such as high-low prices, depth of market and tick chart. If you click on the chart window choice, then a new chart will appear along with the four charts that populate the window upon opening it.
When traders click on any of the other data points, the information appears in the Market Watch panel. Traders also have the ability to right-click on a symbol and pull up a tick chart for a particular instrument.
The Chart Window has some great features that make the MT4 platform stand out from more basic trading platforms. Traders can access their open orders and a ticket window by right clicking on a specific chart. They also can change the timeframe, perspective and colors of a chart. With the window tab at the top of the platform, traders can organize the charts in cascade, horizontal or vertical format. Active traders that like to keep multiple charts open at once are certainly going to find these features attractive.
Overall, the charting features of HYCM’s MT4 platform are excellent although a bit complicated to learn. The standout feature of the charting on MT4 is definitely its ability to display multiple charts with different indicators at the same time.
Terminal Window Panel – This panel shows the trader’s active, pending and closed trades. This panel is also where the trader can configure alerts and monitor the platform’s important trading and system messages.
The top menu on MT4 has a help section that contains documentation, video tutorials and other guides to using MT4. This resource will be especially useful to new traders.
The robust functionality, especially as it pertains to charting, make MT4 a superior trading platform. However, it can take a while to learn. Advanced traders will appreciate the dozens of technical charting tools available, but beginners might find it somewhat overwhelming.
HYCM Demo Account
Traders can open a demo account with HYCM, but it operates as a stand-alone from the live platform. The demo account looks like the live account, and traders get the same functionality.
HYCM Education Resources
HYCM has an education section on its website that offers a variety of tools for learning about HYCM markets and trading.
The section is divided into five subsections:
Trading Tools: This section has video courses on topics such as The World of Global Trading, Capital Management and Trading Psychology.
Beginners’ Courses: A section devoted to video courses on basic topics such as Basic Forex Terms and Types of Orders.
Tutorials: This section contains videos on more detailed topics such as how to add indicators to graphs and using more complex orders.
Trading Strategies: This section covers in-depth advanced charting strategies such as trend signals, fractals and Fibonacci sequences.
eBooks: Covers the asset classes traded on the platform.
HYCM Sign-Up Bonuses and Promotions
Because HYCM is regulated within the EU, it is unable to offer sign-up bonuses or promotions due to the Markets in Financial Instruments Directive (MiFID). This has been introduced across the EU in order to protect traders with a more transparent approach to markets.
However, HYCM does have a Refer-a-Friend program. Traders can receive up to $250 in trading credits when a friends or family member signs up for an account. Certain rules and restrictions apply, so traders should check the HYCM website for more details.