HYCM is rightfully considered one of the leaders among Forex brokers and at the moment shares more than 40 years of experience in the market. The broker is a member of the Henyep Group, the international financial holding company established in 1977 which headquarters in London, UK operating in financial services, education, and real estate.
As the main pro of the HYCM firm is the strict regulation that the broker has throughout its offices in major cities around the world London, Limassol (Cyprus), Hong Kong, and Dubai while complying with regulatory agencies in each jurisdiction. Besides HYCM maintain powerful trading capabilities, offering an advanced range of trading instruments and accompanying its clients with dedicated support.
What Type of Broker is HYCM?
Based on our findings, HYCM is a global CFD and Forex broker providing access to more than 300 trading instruments. The broker offers clients good trading conditions, great liquidity, and low spreads and fees.
HYCM Pros and Cons
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 own App.
For the Cons, proposals vary according to the entity, and there is no 24/7 support.
| Advantages | Disadvantages |
|---|---|
| Globally recognized financial institution | No 24/7 customer support |
| Sharp adherence to regulation in multiple jurisdiction | Proposal vary according to the entity |
| Long history of operation and excellent reputation | |
| Forex and CFDs trading | |
| Great Forex trading education and research | |
| Competitive trading conditions |