HYCM They also cater for the requirements of both advanced and novice traders, offering educational resources to help traders in the least levels to enhance their skills and knowledge and a choice of account types that meet the necessity of beginners and professionals alike. Anyone trying to find all the knowledge that they have to tell their final choice of forex broker can discover all the essential facts during this review to assist them to form up their minds.
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Assets and Trading Platforms Offered by HYCM
HYCM offer several trading platforms that are designed to suit the requirements of all types of traders. Perhaps their best known and hottest trading interface is that the famous MetaTrader 4 trading software which is documented as a market leader within the industry. because of its user friendly interface and clear visuals, this leading platform offers users a number of advantages including automated trading via Expert Advisors, advanced technical analysis charts and tools and live streams of stories from the financial markets to make sure trades are as informed as possible. also as offering MetaTrader 4, HYCM also offer their investors their flagship PrimeTrader platform which is additionally easy to use and offers advantages including multi-asset capabilities, individual pricing to suit requirements and capabilities for advanced charting. For anyone who likes to trade on the go, HYCM also offer a mobile trading platform for all account types. This leading edge platform is compatible with most devices, having the ability to be accessed from Apple and Android tablets and smartphones.
Mobile trading allows users complete access to all or any of their account facilities at any time and in anywhere on the move. There are numerous assets available for trading through HYCM, including forex and CFDs. There are up to 120 different tradable assets to select from including oil, commodities, metals, indices, shares and forex. Leverages vary counting on account but are often as high as 200:1. HYCM have also formed a partnership with Pro Daily for leading edge trading signals, but those that wish to use MetaTrader also can add free trading signals to their account.
There are 3 different accounts on offer to HYCM’s traders, designed to satisfy the varying needs of investors from beginners to professionals. Their basic level account is that the Micro account, and this needs a coffee ,deposit of only $100 to urge started.
This basic account offers a variety of fifty different assets for trading and leverages are often obtained of up to 1:200. The fixed minimum spread on this account type is 1.8. While this account is right for those that are embarking on their first trades, those with a touch more experience will probably prefer the higher spread of 1.5, leverage of up to 1:200 and comprehensive choice of 120 different tradable assets offered by HYCM’s Standard account.
This account requires an initial deposit of $1000, while the VIP account that’s tailored towards professional traders requires a high deposit of $10,000. All three account types have the choice of accessing trading via mobile and there’s the likelihood of opening an Islamic account in any of the three account varieties. Customer service is vital to HYCM, and thus they need a support team who are often contacted between 23:00 GMT on a Sunday right up until 21:00 GMT on a Friday. The team are often contacted in writing, except for added convenience there’s also a telephone helpline and five different email addresses offered on the web site to assist users contact the right department. For the last word convenience, there’s a live chat option through the web site which may be used 24 hours each day on week days.
Banking Options and academic Resources Offered by HYCM
Education is a crucial a part of choosing a broker, and HYCM have offered a comprehensive selection of articles, ebooks and tutorials to assist beginner traders to require their initial steps into trading. there’s a comprehensive range of data given which offers an insight into all areas of trading like market psychology, charting techniques and capital management skills. Not only is that the advice applicable to beginners, but experienced traders also can find guidance with tutorials that cover advanced analytical techniques to assist them to maximize their gains.
There are several deposit methods available by which a trader can place sums of cash into their account. Traditional methods like credit cards and wire transfers also are joined by Web Money and Union Pay which provides an honest option to investors.
Most sorts of deposits are often instantly processed, although a bank transfer may take up to 5 days before funds appear during a trading account.
There are numerous currencies which are accepted by HYCM including USD, EUR, SAR, RMB, AED and KWD. To withdraw funds, a trader can action a withdrawal by an equivalent method because the one chosen for deposit, and withdrawals are generally processed in but five days, or seven days if credit cards, WebMoney or UnionPay are selected. there’s no fee charged on withdrawals except within the case of wire transfers, where a $30 fee is levied on withdrawals under $300.
Anyone seeking a trustworthy and reputable broker to start their trading experience would had best to pick HYCM. Licensed and fully regulated by the FCA, HYCM guarantee the safety of investors’ personal and financial data, and their selection of user friendly interfaces makes them suitable for both experienced and novice traders.