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HYCM Reviews

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Editor's Overall Rating:
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Category: UK Online Trading Websites
Website: https://www.hycm.com



Editor's Review Costs & Features User Reviews
 

HYCM Review


by No1Reviews.com. Last updated: 05 December 2016

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Editor's Review:

HYCM provides its users with 3 trading platforms and access to 6 key products, including currency, companies and commodities. Opening an account requires as little as $100 to trade, with all deposits receiving a 25% bonus. Their new education centre also offers videos and tutorials to help improve your trading chances. Please remember that online trading can result in losses as well as gains.

 
  3 trading platforms and access to 6 key products, including currency, companies and commodities.  


 

Henyep Capital Markets (HYCM) offer a versatile range of services for anyone interested in online trading. There are three key trading platforms to explore, each of which provides a user-friendly interface. The most well known of these platforms is MT4 (MetaTrader 4), which can be used for a range of trading purposes, but the site also provides free downloads of Prime Trader. This is suitable for new or experienced traders, allowing multiple assets to be controlled from a single source. These platforms are also available on tablet or mobile devices, allowing you to trade when you’re not at your computer. You can select from multiple pricing views, set guaranteed stop/loss targets to prevent large losses, and analyse results using advanced charting technology.


MT4 offers in-depth graphs to monitor trading patterns.
MT4 offers in-depth graphs to monitor trading patterns.

So, those are the platforms available. How about the markets and products? HYCM.com allows you to access Forex (currency), metals, indices, commodities (including oil and gas), and stocks for major companies. The website and platforms provide up-to-date information on each of these, including plenty of detail on the Forex markets, so you can view changes as soon as they occur, and react to them quickly.


Find detailed Forex information.
Find detailed Forex information.

We were pleased to see a new education centre on the website, which includes videos, tutorials and e-books. There’s also an FAQ and live chat if you need help, but a lack of forums. We tried to get some help on live support but, unfortunately, there was no response, which was a little disappointing.

Although there’s market variety, each product area is relatively limited in scope when compared with some of HYCM’s competitors. You can only trade in three metals, for example, and the currency pairs in the Forex main pages are limited. Still, if you’re new to online trading, you may not wish to be bogged down by too many choices if you’re mainly interested in key markets. 

 
  Competitive prices with spreads from 0.7 pips.  


 

HYCM offers competitive prices with spreads from 0.7 pips. Their deposit bonuses are also very attractive, and the fact that you can set your stop and loss parameters means that you can always make sure you’re trading within your means. They are also regulated by the Financial Conduct Authority (FCA), have won multiple awards and have over 35 years of experience so you know they are likely to be a reliable broker. 

Summary

If you’re new to online trading and want to explore a few markets without being overloaded with content, HYCM.com could be a good option for you. They offer attractive deposit bonuses and competitive rates, with a new educational centre to help improve your trading tactics. With three trading platforms, there’s also a lot of tech to benefit from. 

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