- يونيو 28, 2021
- Posted by: ForexTradeOn
- Category: HYCM BROKER review

Pros |
Cons |
|
|
Introduction
HYCM, or Henyep Capital Markets is one of the oldest brokers out there with over 40 years of trading experience. HYCM is a forex and CFD broker with over 300 instruments and spreads starting from 0.2 pips. Its headquarters are in London, UK. and regulated by top-tier financial authorities like FCA, the Financial Conduct Authority and CySEC, the Cyprus Securities and Exchange Commissions. One of the biggest advantages of HYCM is that it has no deposit and withdrawal fees.
Trading Products
HYCM has over 300 trading instruments in different categories like forex, CFDs, cryptos, ETFs, and commodities. On the other hand there are no options, futures, bonds, or mutual funds trading at HYCM.
Forex
HYCM has about 40 currency pairs including pairs like AUD/ CAD.
Indices
HYCM has about 28 indices including instruments like US 500.
Commodities
HYCM has about 16 commodities\including instruments like COFFEE CFD.
Stocks/ Shares
HYCM has about 149 stocks including stocks like Apple.
ETFs
HYCM has about 19 ETFs including instruments like SPDR S&P 500.
Cryptocurrencies
HYCM has about 19 cryptocurrency options including cryptos like Bitcoin.
Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules.
Learn more about CFDs for muslims.
HYCM Offering of Investments
HYCM |
|
Currency Pairs |
Over 40 |
Indices |
28 |
Metals |
No |
Commodities |
16 |
Bonds |
No |
Real stocks |
149 |
ETFs |
19 |
Cryptocurrencies |
19 |
Notes:
- HYCM allows EAs (Expert Advisors) which are robots that automatically place trades on behalf of you.
- Please note that some of the trading options may depend on your account type and / or your country of residence according to the governmental rules.
FAQs
- Does HYCM allow bot trading?
- Yes, HYCM allows the use of EAs (Expert Advisors).
- Does HYCM give a bonus?
- Yes, as you will get a %10 bonus on every deposit you made up to $5,000.
- Does HYCM allow hedging?
- Yes. HYCM permits hedging on its trading platform
- When trading forex, will you lose more than your initial deposit?
- MetaTrader 4 platform is set to automatically close your positions when your margin requirement reaches 100% (stop out level).
- Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.