The HYCM brokerage has been in business for more than two decades and has been regulated by the SEC. It offers different types of accounts, including CFDs, margin trading and forex. Its low costs and research and education are top notch. Other noteworthy features include fast execution and a variety of deposit and withdrawal options. The disadvantages of HYCM include a lack of 24/7 support and using MetaTrader platform only.
There is a minimum, so there is less risk in the beginning
HYCM has three deposit methods. There’s no demo account, but you can open a minimum deposit of $100 to begin trading. There are low minimums, so there’s less risk in the beginning. You can open Fixed, Classic, and Raw accounts and opt for the Premium account, which is offered to VIP Personal Dealers. This account also comes with cutting edge services and VIP Personal Dealer Service. Listed below are the most common deposit and withdrawal methods:
Depending on the level of experience
HYCM’s trading platform offers a wide variety of account types, from beginner to advanced. The minimum deposit to start trading is $100. Depending on your experience level, you can choose from ten videos on strategies and candlestick patterns. Each video takes about seven business days to process. HYCM is regulated by the Financial Conduct Authority of the UK, the Dubai Financial Services Authority, and the Cyprus Securities and Exchange Commission. Traders can also benefit from deposit bonuses and other features of the HYCM brokerage.