Hycm no deposit bonus

High risk investment warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.

Top-3 forex bonuses

We are here to help, hycm no deposit bonus.

Between 74-89 % of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. For more information please refer to HYCM’s risk disclosure. Additionally, the content of this website is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by HYCM is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at HYCM. Please sign in to leave a comment.

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How do I activate my first deposit bonus under HYCM ltd?

Claim your 10% first deposit bonus*

To welcome new clients on board, HYCM offers a 10% first deposit bonus added automatically to your account when you commence trading activities. All references to HYCM, refer solely to HYCM limited regulated under the cayman islands monetary authority.

This promotion is subject to the following terms and conditions:

New HYCM clients who deposit funds will receive a 10% credit bonus on their first deposit.

This promotion is offered to all new HYCM clients who deposit new funds of a minimum of US$100.

The maximum bonus awarded under this promotion is US$5,000.

This promotional offer cannot be combined with any other promotional offer and is subject to our terms of business .

Our terms of business stipulates that for every US$1,000 bonus awarded, the client will be required to trade 30 standard lots within 60 days, otherwise HYCM reserves the right to reverse the bonus given to clients.

*no bonus offerings under henyep capital markets (UK) limited and HYCM (europe) limited.

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High risk investment warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. For more information please refer to HYCM’s risk disclosure. Additionally, the content of this website is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by HYCM is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at HYCM.

Legal information: HYCM is the trading name of henyep capital markets (UK) limited, HYCM (europe) ltd and HYCM limited. Henyep capital markets (UK) limited authorised and regulated by the financial conduct authority with reference number 186171. HYCM (europe) ltd is authorised and regulated under the cyprus securities and exchange commission under license number 259/14. HYCM limited is authorized and regulated under the cayman islands monetary authority with reference number 1442313. The henyep capital markets group is holding company and its assets are a controlling equity interest in its subsidiaries, henyep capital markets (UK) limited, HYCM europe ltd and HYCM limited. All references on this email to "HYCM" refer to all subsidiaries of the henyep capital markets group.

HYCM forex broker review

HYCM was previously known as HY markets and is based in the UK in the city of london. This licensed forex broker is FCA regulated, so investors can rest assured that when they choose this broker they can benefit from the complete protection and security that financial bodies that are regulated by the financial conduct authority offer. This reputable and trustworthy broker is part of the henyep group, a global conglomerate who have more than 30 years of experience in the financial services industry. Leading the market, HYCM offer access to a wide range of different trading markets, from currencies to commodities and stocks. They also cater for the needs of both advanced and novice traders, offering educational resources to assist traders at all levels to improve their skills and knowledge and a choice of account types that meet the need of beginners and professionals alike. Anyone looking for all the information that they need to inform their final choice of forex broker can discover all the essential facts in this review to help them to make up their minds.

Assets and trading platforms offered by HYCM

HYCM offer several trading platforms that have been designed to suit the needs of all kinds of traders. Perhaps their best known and most popular trading interface is the famous metatrader 4 trading software which is well known as a market leader in the industry. Thanks to its user friendly interface and clear visuals, this leading platform offers users a host of benefits including automated trading via expert advisors, advanced technical analysis charts and tools and live streams of news from the financial markets to ensure trades are as informed as possible. As well as offering metatrader 4, HYCM also offer their investors their flagship primetrader platform which is also easy to use and offers advantages including multi-asset capabilities, individual pricing to suit requirements and capabilities for advanced charting. For anyone who likes to trade on the go, HYCM also offer a mobile trading platform for all account types. This cutting edge platform is compatible with most devices, being able to be accessed from apple and android tablets and smartphones. Mobile trading allows users complete access to all of their account facilities at any time and in any place on the move. There are numerous assets available for trading through HYCM, including forex and cfds. There are up to 120 different tradable assets to pick from including oil, commodities, metals, indices, shares and forex. Leverages vary depending on account but can be as high as 200:1. HYCM have also formed a partnership with pro daily for cutting edge trading signals, but those who wish to use metatrader can also add free trading signals to their account.

Account types and customer services available at HYCM

Our recommended forex brokers

There are 3 different accounts on offer to HYCM’s traders, designed to meet the varying needs of investors from beginners to professionals. Their basic level account is the micro account, and this requires a low ,deposit of only $100 to get started. This basic account offers a range of 50 different assets for trading and leverages can be obtained of up to 1:200. The fixed minimum spread on this account type is 1.8. While this account is ideal for those who are embarking on their first trades, those with a little more experience will probably prefer the better spread of 1.5, leverage of up to 1:200 and comprehensive choice of 120 different tradable assets offered by HYCM’s standard account. This account requires an initial deposit of $1000, while the VIP account that is tailored towards professional traders requires a high deposit of $10,000. All three account types have the option of accessing trading via mobile and there is the possibility of opening an islamic account in any of the three account varieties. Customer service is important to HYCM, and therefore they have a support team who can be contacted between 23:00 GMT on a sunday right up until 21:00 GMT on a friday. The team can be contacted in writing, but for added convenience there is also a telephone helpline and five different email addresses offered on the website to help users contact the correct department. For the ultimate convenience, there is a live chat option through the website which can be used 24 hours a day on week days.

Banking options and educational resources offered by HYCM

Education is an important part of choosing a broker, and HYCM have offered a comprehensive selection of articles, ebooks and tutorials to help beginner traders to take their initial steps into trading. There is a comprehensive range of information given which offers an insight into all areas of trading such as market psychology, charting techniques and capital management skills. Not only is the advice applicable to beginners, but experienced traders can also find guidance with tutorials that cover advanced analytical techniques to help them to maximise their gains. There are several deposit methods available by which a trader can place sums of money into their account. Traditional methods like credit cards and wire transfers are also joined by webmoney and unionpay which gives a good choice to investors. Most types of deposits can be instantly processed, although a bank transfer may take up to five days before funds appear in a trading account. There are numerous currencies which are accepted by HYCM including USD, EUR, SAR, RMB, AED and KWD. To withdraw funds, a trader can action a withdrawal by the same method as the one chosen for deposit, and withdrawals are generally processed in less than five days, or seven days if credit cards, webmoney or unionpay are selected. There is no fee charged on withdrawals except in the case of wire transfers, where a $30 fee is levied on withdrawals under $300.
Anyone seeking a trustworthy and reputable broker to begin their trading experience would do well to select HYCM. Licensed and fully regulated by the FCA, HYCM guarantee the security of investors’ personal and financial data, and their selection of user friendly interfaces makes them suitable for both experienced and novice traders.

HYCM review

ℹ️ important info

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�� headquarters :	united kingdom
�� min. Deposit :	100 USD
�� max. Leverage :	1:500

Description about HYCM

Henyep capital markets (HYCM) is an experienced forex and CFD broker that offers technological excellence. The broker boasts of lightning fast executions, low spreads, and superior technology. HYCM was founded in 1977 and has since become a global brand that has won multiple industry awards. The head office is located in london while other branch offices are in limassol, dubai, kuwait, hong kong, and the cayman islands.

HYCM regulation and security

Henyep capital markets is regulated in the UK by the financial conduct authority (FCA). Across europe, HYCM is regulated by the cyprus securities and exchange commission (cysec). The broker is also regulated by the cayman islands monetary authority (CIMA) and also by dubai financial services authority (DFSA).

Regulation by FCA gives HYCM clients’ access to the financial services compensation scheme (FSCS). This scheme will compensate investors if the broker goes bankrupt. The scheme covers up to £85,000.

HYCM affirms that it has partnered with tier-1 banks like barclays bank and eurobank in order to keep clients’ deposits in segregated accounts.

HYCM has also adopted complex security systems and modern technology to protect its servers and network. 128-bit SSL encryption is used to encrypt all data between clients and the broker’s servers.

Available trading instruments on HYCM

HYCM offers over 300 assets for trading on its platforms. There are 76 currency pairs, 173 stock shares, 28 indices, 14 crypto assets, and 17 commodities. All the instruments are available on the MT5 platform while the MT4 is limited to about 80 assets.

Account types and trading conditions

Follow the “open an account” link on the HYCM’s website to create a new account. Only a few pages form is required. The maximum leverage on all accounts is 1:200.

The following account types are available:

This account features fixed spreads from 1.8pips. The opening balance is $100 and there are no commissions.

This account features variable spreads form 1.2 pips. The minimum deposit is $100. Eas are allowed and no commissions are charged.

This account is characterized by raw spreads starting from 0.2pips. A commission of $4 per round is applicable. $200 is the minimum amount required to open this account.

Swap-free islamic accounts are available on all account types. The demo account is preloaded with $50,000 virtual money and it is available to all clients.

Deposit and withdrawal options

HYCM does not charge deposit fees and also does not charge on withdrawals above $300.

The minimum deposit using bank transfer method is $250 while the minimum withdrawal amount is $300. Bank transfers are very slow and may take 1-7 days for processing.

The debit/credit cards that HYCM accepts are those issued by visa and mastercard. The minimum transaction is $20. Card payments are normally processed within one hour.

The e-wallet payment methods accepted are skrill, neteller, and webmoney. The minimum transaction is $20 and the transactions are completed within one hour.

Web, desktop and mobile trading platforms

Only the metatrader platforms are offered by HYCM. They are as follows:

This platform is well known among forex and CFD traders. It is replete with technical analysis tools, customizable features and order management tools. From the MT4, trading can be automated through the use of expert advisors (eas). The HYCM MT4 is available as a desktop application which can be downloaded and installed on the windows computer. The mobile version of the MT4 is available for android and ios devices.

The MT5 trading platform was designed as an upgrade to the MT4. The MT5 features tools for technical and fundamental analysis and extends the features that already exist in the MT4. It also supports the development and use of eas to automate trading. From the HYCM website, the windows desktop version of the MT5 can be downloaded. The MT5 is also available for mobile trading on android and ios. The apps can be downloaded from their respective stores.

Platform trading tools

HYCM provides technical analysis from “trading central” directly on the MT4 platform charts. Trading central is a financial research firm that provides technical strategies, analysis, and signals on a wide range of trading instruments. The trading central MT4 plugin is available for download on the HYCM website.

Customer support

The HYCM client support team is available 24/5. You can call them on the phone or reach them by email. There are different emails for client support, account opening, general inquiries, and complaints. Instant chat is available via web chat, viber, whatsapp, skype, facebook messenger, and telegram. HYCM is on social media: facebook, twitter, linkedin, instagram, youtube, and crunchbase.

Research tools and education

‘market outlook’ features the daily market review, news, and commentary.

The pip calculator, currency converter and margin calculator are provided on the website. The economic calendar is also available on the website and on the MT5 platform.

HYCM has educational resources on its website. There are 12 training videos on the MT4 platform. There are lots of videos on trading tools and trading strategies.

Live online webinars come up every week. Workshops also come up periodically on the HYCM website. Seminars are also scheduled from time to time.

Bonus and promotions

HYCM does not offer any bonuses, rebates, promotions or contest to its clients from europe. This may be in compliance with regulatory restrictions on promos by cysec.

But international clients are offered an automatic 10% on first deposit.

Conclusion

HYCM is an outstanding broker with over 40 years of experience and multiple regulations. The broker offers over 300 trading instruments on cutting edge platforms. The account types are designed with a focus on traders. The broker also provides some trading tools and educational resources. The broker has over 15 industry awards to show for its excellent services. HYCM is a regulated and experienced broker that is recommended to all traders.

HYCM review

4 january 2021 - kate leaman

After careful research, our HYCM review team can confirm that this is a trustworthy broker with a strong reputation in the forex community. Boasting a long and successful history, having been operational since 1977, HYCM also offers multi-jurisdictional regulation and has won 15 reputable awards over the years. At HYCM, you can enjoy over 300 trading instruments, execution speeds of under 12 milliseconds on average, and spreads from 0.2 pips. HYCM is a worldwide broker, with service providers in more than 140 countries and offices in leading global financial centers.

More than 300 instruments

Award-winning mobile application

Regulated by FCA, DIFC, CIMA, and cysec

Best broker for variety of assets

No social trading available

HYCM overall scores

In this review, you can find all the information you need to decide whether HYCM is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how HYCM scored in each of our high-priority categories.

Brokers available in united states

Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers.

HYCM sign up bonus

A first time HYCM sign up bonus of 10% is offered by HYCM.

Traders who register a real account with HYCM are provided with this bonus during first time sign up after their first initial deposit. This bonus is also known as a welcome bonus and it is only available to new traders.

Unfortunately, this deposit bonus is not available to traders within the EU or the UK.

Once the first deposit has been made into the trader’s account, the bonus will automatically be added to their trading account as soon as they commence trading activities.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.

Referral bonus

HYCM offers new and existing traders and loyal customers with unlimited referral bonus which provides them US dollar 200 for each successful referral who registers a real account with HYCM.

To qualify for this bonus, traders have to share their unique referral link with friends and family members and in order to receive the US dollar 200, the following criteria has to be met:

The referral must register a real account with HYCM and make their first deposit of at least US dollar 500.

In addition, the referral has to trade 3 lots.

Should these conditions be met, the trader will qualify for the bonus. This referral bonus is only available to traders and referrals who register real accounts, demo account holders will not be eligible to qualify for the bonus.

Additional bonuses, promotions and rewards

HYCM does not currently cater for any other trading bonuses and there are no current initiatives to reward loyal customers other than through the unlimited referral bonus.

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

Brokers often have contests in which traders can participate against other traders. These contests often encourage the trading of higher volumes and work according to a subsequent ranking system according to the trader and the volumes they have traded.

Pros and cons

PROS	CONS
1. 10% deposit bonus, also known as welcome or first time sign up bonus offered	1. No deposit bonus not offered
2. Unlimited referral bonus offered

Conclusion

HYCM makes provision for new traders who register a real account by providing the with 10% back on their initial deposit in addition to having a referral bonus which is unlimited and provides a generous amount as cashback for referring friends and family members.

Despite not offering trading bonuses to encourage traders to trade higher volumes, HYCM offers traders with a comprehensive and extensive offer that very few brokers will be able to best.

Top 10 forex brokers with no deposit bonus – A synopsis

Introduction

What is a forex bonus?

Forex bonuses - different types

What are the pros and cons of forex bonuses?

How does a bonus in forex work?

How to find the best forex bonus?

The best forex bonuses

Pax forex - recommended for US traders - 100% bonus

Avatrade | 2 x $200 forex welcome bonuses

Markets.Com | £25 forex no-deposit bonus

Plus-500 | £20 no-deposit forex

FBS | best forex no-deposit bonus - $100 bonus

XM | multiple forex options offered

CMC markets | 2 x $200 forex welcome bonuses

HYCM | 10% deposit bonus up to $5,000

Tick mill | $30 sign-up deposit bonus

Templerfx | $30 no-deposit bonus

A quick overview

Factors considered

Conclusion

Introduction

The global trading market encompasses various offers to attract new traders and beginners with no trading experience. The forex market is one such platform, which has gained popularity over recent years with offers like no-deposit bonus, welcome bonus that forex brokers present for new traders without using their real money. The forex bonuses provide optimal trading conditions according to the preference; for example, offering bonuses for elite traders and beginners. When trading happens on real money, they also help choose the right forex broker to trust and pump up the deposits. However, one has to be careful as there is considerable risk involved.

To summarize, the forex brokers offer a welcome bonus for beginners who do not have a trading account. They offer a matched deposit bonus, which means there is a free bonus provided after the initial deposit, or they offer no deposit bonus.

What is a forex bonus?

A bonus acts as a marketing tool or cost-effective promotion, and the brokers offer to persuade beginners to make deposits. Many top forex brokers suggest this option as it allows for forex trading without risking their funds. This option is accessible to the consumers once they open a forex account or demo account in the chosen platform. Though the bonus is beneficial for traders and investors, brokers suggest this option to gain benefits in the long run.

Forex brokers use the deposit bonuses option as a tool to entice investors and traders to forex trading, providing them knowledge about trading conditions, forex account, demo account, trading bonus, and welcome bonus and help the clients make an informed decision. In simple terms, they offer free money that cannot be withdrawn immediately from the trading account but can be traded for other prospects.

Forex bonuses – different types

There are two types of forex deposit bonuses to choose from – a deposit bonus and a no deposit bonus.

Forex no-deposit bonus

It is often known as a complimentary bonus without deposit, as traders are offered a free bonus without a deposit being made. The brokers make the deposits once traders activate their live account on the platform, which allows them to understand the live trading conditions and explore different options without jeopardizing their funds. This enables the novice and seasoned traders to utilize the bonus fund and develop in-depth knowledge about the brokerage platform and its systems. The accessibility of a free bonus varies depending on the broker.

Initial deposit bonus

A deposit bonus is an additional sum credited to the trader’s account once they make their first deposit. If traders make a higher initial deposit, they unlock a greater deposit bonus. For example, the broker may suggest new customers a 100% matched bonus up to £500. Once they make the deposit, the broker will credit their account with the respective bonus amount.

This gives investors a chance to boost their trading account and use the bonus funds to set limits for their trades. However, the brokers often list down a set of terms and conditions regarding the accessibility of the bonuses and profits made. Some may set minimum/maximum consignment for the trading bonus, while others set certain rules for trading through the live account.

Sometimes the brokers may demand to trade a certain amount before withdrawing the free bonus or maintain a set amount of money in their accounts for a specific period before trading them. Hence, forex bonuses list out certain terms of conditions that one needs to be aware of.

What are the pros and cons of forex bonuses?

How does a bonus in forex work?

How forex brokers bonus work?

To understand how the forex works in a live trading environment, one needs to be aware of a few terms. They are:

Deposit bonus:

The deposit bonus is the most sought-after. As stated earlier, the broker will match the deposit by a certain percentage –with a welcome bonus.

Traders can claim a 100% matched deposit bonus with a forex broker. The forex broker may allow access to a maximum bonus of £1,000, a deposit made by the client. Upon making the deposit, the broker will then credit their account with an additional £1,000. The starting balance becomes £2,000 – even though the broker credited their account with £1,000.

No-deposit bonus:

Forex no deposit bonus rewards traders with a bonus without making a deposit. These bonuses are highly popular because the trader can gain a bonus without risking any funds. However, the no deposit bonuses comprise smaller sums that are credited in comparison to a deposit bonus.

Traders can claim a £20 no deposit bonus with a forex broker. Once traders open an account and verify their identity, the forex broker funds their account with the £20 no deposit bonus. It is credited instantly to the trader’s accounts for trading the bonus funds.

Terms and conditions for bonus:

The forex trading and gaining free bonus funds on the platform may sound simple, but it is not easy to cash out the profits. One needs to be aware of the listed terms and conditions that brokers employ.

Minimum trade amount to withdraw:

There is a complicated process to withdraw the bonus that is made. For example, if one deposits £500 and receives a £250 bonus, which totals to £750. Traders cannot withdraw the whole sum directly from the forex broker, as this would not benefit the platform. Hence, the platform sets limits and persuades them to use the bonus funds to trade. These bonus funds are often frozen until their conditions are met. Usually, a partial amount from the bonus is made accessible for pay-outs when they meet the requirements of trading the set amount. For example, the broker might give £1 from the bonus for every £10,000 traded.

This is suitable for people who are:

Regular traders who place dozens of trades per day.

Often play through the set amount of the trades.

People with typically large trade sizes.

Time limit:

Traders also need to consider the time limits that the bonuses are set with. This is a strategy followed by the platforms to make the cash out of bonuses a difficult task. Often, brokers will set a certain period. Such as- 30 days to trade the bonus funds before invalidating withdrawals.

Eligible pairs:

In some instances, the forex no deposit bonus might set down restrictions on certain currency pairs. Hence, make sure to go through the terms and conditions to ensure the trading forex pair is permitted.

Supported nationalities:

Some australian forex brokers choose to permit bonuses to only certain nationalities. Hence, traders are advised to use the domain according to the country of residence.

Minimum deposit:

Most bonuses are set with a minimum deposit amount. Often, promotions only list the maximum bonus amount that can be used. Hence, ensure to go through the terms and conditions to find the preferred packages.

How to find the best forex bonus?

The global foreign exchange market is vast and comprises different kinds of traders. Therefore, it offers many options for every type of trader. However, not every deal is beneficial since many platforms advertise no deposit bonus and manipulate the user funds. So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus.

Research

Before signing up, one needs to make sure to cross-check if the platform is legitimate and trustworthy. Even though the investors have trading experience, FX trading can trick them and manipulate them. Hence, always double-check by browsing the platform’s rules and regulations and the list of guidelines given by the forex broker. Finally, check the list of authorizations it has received from the regulatory bodies in the industry.

Reading reviews

For successful forex trading, make sure to find a broker with experience in forex trading. The web is filled with brokers, and every platform is crammed with reviews. Though there are many options for traders to choose from, it is difficult with many reviews to go through. Often, there is a chance of these reviews being proxy or duplicate, which they make up. Hence, it is always advised to check the detailed reviews, explain the challenges they have dealt with, and the practical solution to tackle such problems in reference to the past.

Payment methods

Payment methods give an option of investing in the trading account with real money. Therefore, ensure that the brokers provide flexible options to make the payments with the preferred mode of payment. Likewise, ensure that the broker allows the cashing out of the bonus or profits gained from the forex no deposit bonus, as many brokers restrict the withdrawal of the profits made.

Broker’s background

The reputation of the broker depends on the reviews and their alignment with the law. Always ensure to find a broker with approval and certifications from notable institutions in the industry. A regulatory authority assures the economic strength of the broker and its integrity towards its traders. There are many countries with rules and restrictions for forex brokers in the field. Finally, ensure that the trader is reliable by browsing the keywords such as forex broker name+ review, scam, fraud. Example: forex broker name scam and ensure that no negative reviews are showing up.

Always be alert and stay as safe as possible while trading the forex. As the field is risky, keep track of the listed factors before trading with brokers and ensure that they keep the funds safe and secure.

The best forex bonuses

There are many forex brokers to choose from, and making the right selection is a challenging task. Several factors are considered, such as fast execution, competitive spreads, and the range of tradable assets. Hence, different types of options or bonuses are listed down to attract different types of traders. They assist the trader in finding the specific broker with the desired profile. With forex no deposit bonus, new traders can learn trading in a live trading environment and build their portfolio without risking their capital resources. However, these bonus offers do not necessarily benefit all traders.

Therefore, traders need to be aware of terms and conditions before accepting or signing up for any offer. A key strategy to remember is that the brokers must gain profits, which is the primary objective of the bonus campaign. Hence, it is essential to select the right deposit forex as it significantly impacts the trading outcome.

FXTM

Avatrade

Octafx

Access global capital markets with HYCM – but first read our HYCM review

HYCM is one of very few forex brokers with an impressive history. Formerly known as HY markets it has been around for more than 30 years. It is part of an international conglomerate known as the henyep group that are renowned for providing financial services. The reputation of this brokerage firm spreads across the globe and there aren’t many brokers that have such an impressive pedigree.

The base of operations for HYCM is london but it also has offices in a number of other countries including cyprus, kuwait, hong kong, and the united arab emirates. Regulatory compliance is not an issue as HYCM is licensed and regulated in a number of different countries including the UK, hong kong, and dubai. Operations are also in compliance with the latest european directive mifid which means it is authorized to offer its services across all EU member countries. Traders can take advantage of a number of different tradable assets including stock, commodities and currency pairs as well as being offered low spreads, a range of account types, top quality customer service and much more.

Such a good reputation means there is little need to offer tempting HYCM bonuses

HYCM is able to draw on its association with the henyep group to attract new customers, rather than having to rely on a tempting HYCM bonus. It does, however, choose to reward customers who stay loyal to the brand. The HYCM loyalty program rewards regular traders with a rebate of up to $3 per lot traded. This is paid directly into a trading account on a monthly basis. A certain number of lots have to be traded on a month by month basis and there are three different levels of membership. There is also an HYCM refer a friend program which can bring inasmuch as $250. Payment of the bonus does require the referral to sign up for an account, deposit funds and start trading. This particular HYCM bonus is for trading purposes only and cannot be withdrawn.

The main HYCM platform is metatrader 4

Like many other forex brokers, HYCM has decided to stick with the popular metatrader 4, which is available in the usual versions. However, HYCM also offer their own exclusive trading platform known as prime trader. There are endless possibilities with an HYCM mobile app that is compatible with all mobile devices. It is possible to access a number of ground-breaking trading tools along with lots of special features and widgets whichever platform you choose to use.

An HYCM deposit of just $100 will get you up and running

There are a number of different account options if you decide you like what HYCM have to offer but we were disappointed to discover there is no HYCM demo account available. However, this shouldn’t be seen as a reason to cross them off your list as the minimum deposit for a micro account is just $100. The other account types are standard and a VIP account which are all available in mobile versions as well as the option of opening an islamic account. Let’s look at each account option in a little more detail.
Micro account – minimum deposit $100, leverage up to 500:1, 50 tradeable instruments and fixed spreads starting from 1.8 pips.
Standard account – minimum deposit $1,000, leverage of up to 300:1, 120 tradeable products, and fixed spreads starting from 1.5 pips.
VIP account – A more sizeable deposit is required for this account and is currently $10,000. Leverage is up to 300:1 and fixed spreads start from 1.5 pips. The process for opening this account is slightly more complex and requires interested parties to contact an HYCM advisor.
When you’re ready to start trading it is quick and easy with a number of payment methods accepted including wire transfer, visa and mastercard and webmoney. Making an HYCM deposit can only be done in USD and EUR and minimum requirements do apply, although there are no charges. All financial transactions are safe and secure as HYCM servers make use of 128-bit key encryption.

This HYCM review awards a gold star for customer service excellence

As you would expect from a broker with such a prestigious history the customer service is professional and quick to respond. From 23.00 on sundays right through to 21.00 on fridays there is someone to help at the end of the phone. It is also possible to send an email or get an instant answer by using the online live chat option.
HYCM understands the importance of customer education too as it provides a good selection of educational material for both new and experienced traders. All the basics and more complex subjects such as trading psychology, market analysis, capital management and trading strategies, can be studied via a range of online videos and ebooks. There is also a very helpful metatrader 4 guide for those who have never encountered this particular trading platform before.
HYCM is a sensible choice if you’re looking for a trustworthy and reliable broker you can sleep soundly knowing your funds are safe and secure and your trading experience is covered by all the necessary licenses. With metatrader 4 as the main HYCM platform, top quality customer service, a wide range of tradeable instruments, low deposit requirements and plenty of other benefits for both novice and experienced traders, there is nothing we can say that will stop you from considering this broker.

HYCM review 2021

Regulated by: CIMA, cysec, FCA, SVGFSA

Headquarters : 18 king william street, london, EC4N 7BP, united kingdom

High risk investment warning: contracts for difference (‘cfds’) are complex financial products that are traded on margin. Trading cfds carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s risk disclosure.

Exploiting bitcoin opportunities with HYCM

HYCM recently announced the launch of bitcoin trading, adding BTC/USD to its expanding list of trading instruments while making it one of the leading brokers to offer the popular cryptocurrency to its clients.The latest addition to the company’s growing range of services introduces exciting new opportunities to currency traders who

Hycm no deposit bonus

Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.

No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.

Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.

Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.

Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget

Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.

Rebate – cash-back withdrawable bonus on each lot traded.

Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!

Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.

Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus

Free signals – get free trading signals from the broker.

Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.

Binary options – binary bets trading on forex instruments

Forum posting: get a small trading bonus for each of your post in forms.

3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.

Draw bonus: the winners chosen by a draw

Seminars webinars: find the schedule to participate in the online/offline events.

Expos events: inviting to attend the forex events & expos globally.

So, let's see, what we have: claim your 10% first deposit bonus* to welcome new clients on board, HYCM offers a 10% first deposit bonus added automatically to your... At hycm no deposit bonus