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HYCM Forex Complete Review

HYCM Forex has already been operating for over 30 years now since its inception. It is authorized and registered in UAE, London, and Hong Kong, but is physically situated in London. This broker firm is one of the few companies that no longer need to promote itself farther than usual because its well-accommodating for every trader features are already screaming across the hall of the Forex market - why? - Because it has every attribute in house. Obviously, they no longer go at greater lengths to advertise and perhaps, phish for traders to go for them.

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Bonuses and Promotions Online

HYCM homepageAnother thing that most neophytes would love from HYCM, despite its elaborate features, amazing background in the Forex industry, and superb customer service, is their $100 no-deposit bonus and starters can begin trading with a cash bonus of 10 percent or a 25 percent credit bonus upon opening a live account.

Platforms Available

HYCM Forex offers MT4, MetaTrade Mobile, and HY WebTrader as their online forex trading platform. Surely, even a newbie or an advanced trader can highly benefit from this broker. Primarily because this company offers over 30 most traded currency pairs such as gold, stock indices, silver, personal investment commodities, and oil among them.

Regulations

HYCM's footprint can now be seen in over 20 countries worldwide and that is backed up by the strong support and multifaceted regulatory compliances which include the following auspices: FCA in the UK, DFSA in Dubai, MiFID in the European Union, and SFC in Hong Kong.

One of the things that they can always crow about is that they do not have any issues when it comes to safety and security.

Deposits and Withdrawals

In terms of deposits and withdrawals, the firm allows for multitude of payment methods without falling short on protection and security even for online payment transactions.

Their payment methods include credit and debit cards, PayPal (yes, this sounds really easy for international deposits), Skrill, WebMoney, Wire Transfer, and more.

HYCM's withdrawal policies are not as stiff as other brokers. They are after transparency and efficiency. Of course, security on top of everything. With their more than 30 years in the Forex business, sure they already know what their clients need in terms of protection. They transfer funds back to your original source your used in your account. In case, the original source is unreachable, they will track down your main, identified, and of course, verified bank account.

What about Security?

The firm executes using a 128-bit SSL encryption especially useful for international banking transactions.

Account Types & Leverage Margin

You may choose to go for a Standard Account, Premium Account, or HY Pro Trader Account. But, for Mini Account, the minimum deposit is only $50 with a leverage margin of 300:1.

Conclusion

Indisputably, HYCM Forex is one big player in the business that aspiring traders must highly not set aside when searching for a trusted, reliable, and effective broker. They do not just excel in Forex, but also in their other immense offerings. HYCM's global foundation speaks of its diversified conglomeration that lifts financial assistance and standards.

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