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HYCM Broker Rating:
Min Deposit: $100 Min Investment: 1.5 pips Payouts: 1:200
Mobile: Yes Platform: MT 4 Demo: YES
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High Capital Risk Is Involved In Financial Trading


HYCM (Henyep Capital Markets) Broker Review 2018: A Smart Forex Broker

Why HYCM (Henyep Capital Markets) is a smart broker and in our HYCM Review we are going to explain it.

Henyep Capital Markets or HYCM is exceptional from others.

It knows what to offer to a trader.

It also knows how to fulfill a trader’s needs and demands.

Thus, it has designed everything (website, account, training, platforms, support etc.) keeping those facts in mind.

HYCM has started journey with a vision and that is to make easy Forex and CFD trading for all and involve more people with this business.

In a way, it has been succeeded through earning millions trust.

This is the basic review of HYCM, a smart and trusted broker.

Let’s begin to read for details information of this Forex and CFD broker.
 

Warning: Country Restriction (Do Not Accept Traders)

Warning: Please note that, HYCM Broker does not accept traders from the following countries –

Afghanistan, Belgium, Japan, The United States of America

 

HYCM (Henyep Capital Markets) Broker Review

HYCM Broker Review - Binoption

High Capital Risk Is Involved In Financial Trading

HYCM is the trading name of Henyep Capital Markets (UK) Limited and HYCM (Europe) Ltd.

It is a division of The Henyep Group, who are running their operation over 40 years.

HYCM has multiple international offices and they are in United Kingdom, Hong Kong, Cyprus and Dubai.

The headquarter is located in 3rd Floor, 28 Throgmorton Street, London EC2N 2AN, United Kingdom.

Henyep Capital Markets (UK) Limited (‘HYCM’) is authorized and regulated by the Financial Conduct Authority (FCA) under Company reference number 186171.

HYCM (Europe) Ltd (‘HYCM’) is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 259/14.

HYCM got couple of International Financial Markets Awards and they are –

  1. FX Daily Info – Best Forex Broker Europe 2017
  2. Global Brands Magazine – Best Forex Broker Dubai 2017
  3. World Finance – Best Mobile Trading Platform 2017 and Best Broker Middle East 2017
  4. Global Banking and Finance Review awards – Best Forex Broker UAE 2017
  5. FX Report – Best Retail Platform 2015 and Best Broker in Southern Europe 2015
  6. Forex Awards – Best Forex Broker in Europe 2014

Since the inception, HYCM has been offering services for local and international traders.

This broker uses Meta Trader 4 platform and HYCM Mobile as mobile trading platform.

MetaTrader 4 is easy to use and place trade.

Its website is well designed, informative and eye soothing.

Every section is detailed and elaborated.

Education section is highly enriched filled with articles, video tutorials and e-books.

Demo trade is available for lifetime.

It is a great opportunity to earn trading experience before placing trade formally.

For securing clients data and transaction, it has been using SSL encryption technology.

Mobile trade is possible here.

Mobile application supports all the devices and gives the web based trading taste.

Besides, this broker offers Islamic Account.

It is a great opportunity for them who want to invest money in Forex and CFD according to Islamic Law.
 

Why HYCM?

We have found some special features which has made HYCM exceptional from others.

These are –

Company Information:

  • Broker Type: Forex / CFD
  • Regulation: FCA and CySec
  • Head Office: 3rd Floor, 28 Throgmorton Street, London EC2N 2AN, United Kingdom.
  • Founded: 1977
  • Support: Live chat / Phone / Email

Trading Options:

  • Minimum Deposit: $100
  • Maximum Leverage: 1:200
  • Minimum Lot Trade Size: 0.01
  • Minimum Fixed Spread: 1.5 pips
  • Bonus: YES (25% of first deposit and 10% of second deposit)
  • Margin Call: 20%
  • Stop Out: 20%
  • Product for Trade: More than 100
  • Account Types: Micro, Standard and VIP
  • Deposit: Free of Charge
  • Withdrawal: Free of Charge
  • Payment Method: Skrill, Neteller, Wire Transfer, Webmoney, Credit/Debit cards

Trading Services:

  • Mini Account: YES
  • Demo Account: YES
  • Premium Account: YES
  • Islamic Account: YES
  • ECN Account: NO
  • Managed Accounts: NO
  • SWAP Free Accounts: YES
  • Fixed Spread: YES
  • Trading Platform: Meta Trader 4 and HYCM Mobile
  • Trading Signals: YES
  • Commission on Trades: NO
  • Trading Education: YES (Videos, Ebooks)
  • Guaranteed Stop Loss: YES
  • Guaranteed Limit Orders: YES
  • Hedging: YES
  • Scalping: YES
  • Email Alerts: NO
  • Mobile Alerts: NO
  • Economic Calendar: YES
  • Weekly Report: YES
  • Daily Market Outlook: YES
  • Guaranteed Fills/Liquidity: NO
  • OCO Orders: NO
  • Margin Call Level: YES
  • Technical Analysis: YES
  • Fundamental Analysis: YES
  • Automated Trading: NO
  • Social and Copy Trading: NO
  • Chart Trading: YES
  • Market Analysis: YES
  • Trailing STOP: NO
  • Trading Strategy: YES
  • Charting Package: NO
  • Guarantee Execution: NO
  • One Click Execution: YES
  • Interest on Margin: NO
  • Web Based Trading: YES
  • Mobile Trading: YES

Supported Instruments:

  • Forex: YES
  • CFDs: YES
  • Binary Options: NO
  • Crypto Currency: YES
  • Commodities: YES
  • Indices: YES
  • Stocks: YES
  • Metals: YES
  • Oil / Gas: YES
  • ETFs: NO
  • Bonds: NO

Suitable For:

  • Beginners: YES
  • Professionals: YES
  • Scalping: YES
  • Day Trading: YES
  • Weekly Trading: YES
  • Swing Trading: YES
  • Social Trading: NO
  • Home Based Investors: YES
  • Part Time Earner: YES

 

Account Types

HYCM Open Demo Account - Binoption
There are 3 types of account are available including Micro, Standard and VIP account.

These accounts are designed to keep in mind different people’s needs, demands and expectations.

Details are given below –

Micro Standard VIP
Minimum deposit $100 Minimum deposit $1,000 Minimum deposit $10,000
No. of Tradable Products: 50 No. of Tradable Products: 120 No. of Tradable Products: 120
Min. Lots Trade size: 0.01 Min. Lots Trade size: 0.01 Min. Lots Trade size: 0.01
Max. Leverage: 1:200 Max. Leverage: 1:200 Max. Leverage: 1:200
Min. Fixed Spread: 2.0 Min. Fixed Spread: 1.8 Min. Fixed Spread: 1.5
Trading Signals: NO Trading Signals: YES Trading Signals: YES
Mobile Trading: YES Mobile Trading: YES Mobile Trading: YES
Islamic Account: YES Islamic Account: YES Islamic Account: YES

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High Capital Risk Is Involved In Financial Trading

 

Education

In the education section of HYCM (Henyep Capital Markets) Forex and CFD broker, they arranged their videos and articles in very organized way where the beginners can learn how to trade and how to be an expert in Forex trading.

In the education section, first of all they will introduce you with trading tools, and then you will get the course for beginners.

After that, you’ll get step by step tutorials, trading strategies and Ebooks.

Below you’ll get the list of education material –

Trading Tools

The World of Global Trading: An overview of the trading market, different financial instruments explained and the main factors that drives the market.

Trading Psychology: Most important lesson in the course where topics covered: Understanding the importance of emotional intelligence while trading, how to deal with the hatred of loss, psychological tools to improve mental behavior as a trader.

Capital Management: One of the biggest mistakes traders do is mishandling their capital and you’ll learn in this lesson: Why capital management is a must, the most important rules of capital management, how does individual can tailor the best capital management for himself?

Market Analysis: This lesson explain you what is market analysis and how to do Technical and Fundamental Analysis?

Basic Technical Analysis: Most common price patterns, Trends types, Support and resistance has been discussed in this lesson.

Advanced Technical Analysis: This is a practice session for pattern recognition and advanced technical analysis techniques: Japanese candle stick charts, how to recognize a pattern, different type of price patterns, pattern risks, and how to trade when a pattern is recognized.

 

Beginners Course

Forex Advantage: The advantages of Forex Trading, one of the fastest growing markets, why trading is rapidly becoming a favorite among Stock Market investors.

Basic Forex Terms: Introduction with the basics of Forex, many important trading terms, how to do the first step in trading.

Types of Orders: You’ll learn the different types of orders, how to use the right order type at the right time and the information in this lesson is part of the trading foundations every trader should know.

Winning Tactic: You’ll start learning how to combine all the information and use the professional trader’s winning strategies and how to choose the strategy that works for you.

Glossary of Concepts: Increase the Forex Knowledge by getting familiar with important trading and market terminology in this wide Forex Glossary.

 

Tutorials

MT4 Installation and Basics: Learn how to setup the platform and use the main features: Installation, sign up, login, Market Watch Window, new charts, chart properties and time frames.

Orders and the Terminal Window: Opening, Closing and modifying orders, the Terminal Window, account history, reports, alerts and additional options.

Using Types of Orders: Pending orders, trailing stop and changing the profit display.

Adding Indicators to the Graphs: Using objects, adding indicators, help lines, editing and deleting objects.

Properties: Some very important configuration features: Display definitions, Patterns, Profiles.

 

Trading Strategies

Trend Signal Strategy: In this strategy you are looking for a shift in the current trend to a previous trend.

Tunnel Strategy: With this strategy you are looking for a break in a uniform trend.

Fractal Strategy: In this Forex strategy you are looking for averages and fractals which indicate the possibility of a future trend.

Fishing Strip Strategy: With this strategy you are looking for turning points which indicate the possibility of a change in trend direction.

Zigzag Strategy: The purpose of this strategy is to take advantage of the momentum that is created following a breakout.

Wave Tracker Strategy: In this strategy you need to identify, using indicators, a change in rate direction, and join the new trend.

T-Chaser Strategy: The goal with this strategy is to identify the start of a new trend.

Fibo Trap Strategy: The goal of this reverse trading strategy is to identify the end of a correction and enter when a new trend begins.

Zoom In Strategy: The purpose of this strategy is to identify a new minor trend, and properly time your entry.

Semi-Automatic Strategies: This Exclusive Indicator on screen display will announce the current automatic analysis which is developed by HYCM experts.

 

EBooks

  • Forex Ebook
  • Advanced Ebook
  • Commodities and Futures Ebook
  • CFDs and Stocks Ebook

 

HYCM Platform

HYCM MetaTrader4 Mobile Trading Platform - Binoption

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High Capital Risk Is Involved In Financial Trading

 
HYCM provides two types of platforms for their clients and they are MetaTrader 4 and HYCM Mobile.

Meta Trader 4: This world renowned trading platform provides excellent security and 24 hours support.

In the online account information section you’ll get access on open positions, equity and P&L online 24 hours a day.

Beside this, live market news, advanced charting and technical analysis tools, expert advisors facility also available in this powerful trading platform.

HYCM Mobile Trading: The HYCM mobile trading platform is available for Apple and Android devices where you can trade currencies, commodities, stocks and indices from your devices.

The features of HYCM Mobile are as below –

  • State-of-the-art Mobile Platform
  • Instant trade execution
  • Live charts for all products
  • View your trade history
  • Trade anytime, anyplace
  • Manage your account and portfolio
  • Free to download
  •  

    Trading Products

    It is a privilege to have extensive assets list.

    A trader then chooses his favorite assets from the long queue.

    HYCM has more than 100 assets which we believe has made them popular.

    However, these assets are divided into 6 categories –

    Forex: (EUR/USD, USD/JPY, GBP/USD, Bitcoin / USD, Litecoin / USD, USD/CAD, EUR/JPY, EUR/GBP, USD etc)

    Stocks: (Alibaba, Apple, Amazon, Facebook, Google, Jd.Com, Microsoft, Tesla Motors, Twitter, Vipshop Holdings)

    Commodities: (US Cocoa Cfd, US Coffee Cfd, US Sugar Cfd, US Cotton Cfd)

    Indices: (US 500 Index Cfd, Us 100 Index Cfd, UK 100 Index Cfd, Germany 30 Index Cfd, Euro 50 Index Cfd, France 40 Index Cfd, Italy 40 Index Cfd, Spain 35 Index Cfd, Japan 225 Index Cfd etc)

    Metals: (Spot Gold, Spot Gold VS Euro, Gold CFD, Spot Silver, Spot Silver vs Euro, Silver CFD, Copper CFD) and

    Oil / Gas: (US Oil Cfd, Spot Oil CFD, Brent Cfd, Natural Gas Cfd).

     

    Deposit and Withdrawal

    All types of transactions are fast, secured and hassle free at HYCM.

    There is no fee on deposit.

    Minimum deposit is $100.

    Transaction can be done through various channels including Skrill, Neteller, Wire Transfer, Webmoney, Credit/Debit cards.

    It has no minimum withdrawal problem.

    The process takes 5-8 working days.

    For security reason, one has to submit his ID and other required documents during withdrawal.

    It is also can be done using the above mentioned banking channels.

    Henyep Capital Markets (HYCM) broker does not charge fees for account withdrawals except wire transfers which may be charged a fee of $30 If the withdrawal amount is under $300.

    Several bonus offers are offered by HYCM.

    There is a 25% bonus of first deposit and 10% bonus of second deposit.

    Beside this, for document verification more bonus programs are also available.

    This broker uses SSL encrypted technology to secure its clients personal data, trade history and any kind of transaction.

    So, there is no scope to leak any data.

    We can firmly say that the platform of HYCM broker is safe and secured.

     

    Help and Support

    We are happy to see that HYCM’s customer support is very active, instant, cordial and effective.

    Regarding contact info, there is no ambiguity.

    Everything has given on the website.

    We have found multiple phone numbers and email addresses.

    There is also given office address.

    So, now it is up to you how you want to contact with them and seek help.

    Except these media, live chat is also available there.

    If you need immediate help, feel free to knock over the chat window and they are very active in live chat.

    A group of financial and trade experts are available to give any kind of trading suggestions.

    The customer support is available for 24/5 to assist you.

     

    Good Things

    As per our review we found that HYCM broker is very good platform for any traders who are searching reliable platform to invest.

    The key points of this broker which attract us more and we are giving good rating are as below –

    • Long-standing company history.
    • Regulated in multiple jurisdictions.
    • Offers HK regional exchange-traded securities.
    • 4:1 leverage for CFD on Bitcoin.
    • Investments protected under the Financial Services Compensation Scheme.
    • Low Minimum Deposit Requirement.
    • Multiple choices of trading accounts.
    • Commission Free Trading

    Drawback

    Nothing is perfect.

    It is applicable for all.

    HYCM broker is not also perfect.

    It has some drawbacks.

    For example –

    • It does not accept US traders.
    • Poor FAQ section.
    • ECN Account is not available.
    • Lack of Promotional Offers.
    • Only offers fixed-spread pricing on Forex.

     

    Warning: Country Restriction (Do Not Accept Traders)

    Warning: Please note that, BinaryTilt Broker does not accept traders from the following countries –

    Afghanistan, Belgium, Japan, The United States of America

     

    Conclusion

    From the above detailed description, it is clear that HYCM (Henyep Capital Markets) is a trustworthy broker and anyone can work with them in order to invest and make profit as much as s/he wishes for.

    So, spare doubt, pair with HYCM (Henyep Capital Markets) Broker!

     

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    High Capital Risk Is Involved In Financial Trading

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