This allows you to trade in the same market conditions as you would with a live account but with virtual funds instead of real money. XAUUSD Spot Gold (100 oz.) now features a fixed spread of 35 cents. A variable spread starting at 25 cents with a classic fund, and a raw spread beginning at 17 with all account types, with a limit and stop value of 7.

Withdrawals

The company was established in 1977 and has since developed into a reputable trading platform in the financial industry. Similar to fixed spread accounts, a standard account can be opened with an initial deposit of as low as $100, and the minimum trade volume allowed is 0.01 lots. However, unlike fixed spread accounts, classic accounts allow for more competitive variable spreads starting from 1.2 pips.

What is HYCM minimum deposit?

I have always had good analytical skills, so there was every chance to understand everything and realize myself. It turns out that you can create a business under any circumstances, especially if you have a desire. HYCM offers a comprehensive suite of educational resources tailored to support traders at all levels. The HYCM Academy provides free trading courses and tutorials, covering key topics like market analysis, risk management, and trading strategies.

• Educational content dedicated to managing risk and developing a long-term trading strategy.
• I really enjoy customising my screen to suit my preference so this is something I look out for as well.
• The HYCM website has a number of tools that many traders may find useful.
• HYCM is not a publicly-traded company, although it does run a bank.

HYCM Review: Detailed Analysis & Insights

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. You can deposit funds into your HYCM account using various methods, including bank wire transfers, credit/debit cards, cryptocurrencies, and several e-wallet options. HYCM allows clients to trade with virtual $50,000, which will be active for 14 days. The client’s area offers an intuitive interface and a wide range of features for managing your trading account. HYCM offers a wide range of trading instruments, including Forex, CFD Stocks, Indices, Cryptocurrencies, and Commodities.

Install Our Apps

This will give you additional peace of mind, especially as hycm mt4 broker review an inexperienced trader. You might be surprised how fast the markets can move in certain circumstances, and negative balance protection to is an essential piece in your risk management. HYCM provides access to the widely used MT4/MT5 forex trading platform. While on the go, HYCM also offers mobile applications for Android and iOS devices and desktop platforms, making keeping track of and executing transactions more straightforward. HYCM also offers demo accounts for practicing trading with virtual funds. VIP accounts come with tailored features and added benefits for high-volume traders, providing more flexibility for serious trading.

• However, the Raw Account, designed for traders seeking the lowest possible spreads, applies a commission of $4 per round turn for Forex trades and $5 for Metals.
• HYCM INVEST demystifies stock investing by offering fractional shares from $10, zero commission, and dividend income on 1,000+ companies.
• HYCM makes it easy to contact customer support, as you can select the message icon in the bottom-right corner of the page.

Registration is quick, but full functionality requires time for mandatory verification and completion of a financial profile. The company states that its policy aims to satisfy customer needs and improve technical functionality. Overall, HYCM receives commendation for its regulatory standing and toolset, with occasional user frustrations over cost and service inconsistencies. HYCM’s strong regulatory footprint in the UK and UAE enhances client safety through segregation, external audits, and compensation schemes. Traders should ensure they register under FCA or DFSA-regulated arms for maximum security. Upload your identification document (e.g., passport or national ID) and proof of address (e.g., utility bill or bank statement).

Trading and Investment Tools

With over 40 years of experience in the financial industry, HYCM has established itself as a reliable broker with a proven track record. HYCM has a long history of operation and is a heavily regulated Broker. We found that the account opening is easy and offers various account types while costs are low. With HYCM you can use various options to deposit or withdraw funds. The broker enables trading through the MT4 and MT5 platforms, also, it offers its App.

Deposits and Withdrawals

Besides HYCM maintain powerful trading capabilities, offering an advanced range of trading instruments and accompany its clients with dedicated support. HYCM offer the online brokerage industry standard MetaTrader platforms. Most trading brokers have these platforms which makes them one of the most popular choices. I personally don’t mind that they don’t have their own proprietary platform since most traders don’t use those anyway.

This broker has account types to suit a range of clients, plus straightforward deposits and withdrawals for easy trading. HYCM has a limited but diversified product portfolio of over 300 trading instruments. These trading instruments are from popular asset classes such as forex, stocks, indices, cryptocurrencies, commodities, and ETFs. When deciding on this brokerage service, I certainly took into account a great number of nuances. What I learned about this broker inspired me because I rarely saw brokers with a 40-year experience.

The broker is well-regulated and provides a secure trading environment, though commission fees can be higher on certain accounts. In general, I was satisfied with the trading conditions and the service provided. Not without problems, of course, but, as they say, that it is not mistaken and there are no problems only for those who do nothing.

I found myself in this company not so long ago, about 7 months ago. And I was immediately interested in the fact that here you can trade with raw spreads. Taking into account the fact that I open many orders daily, it turned out to be very profitable for me. And the MT terminals don’t prevent it, so we can say that I’m in a real paradise for myself.