With the opportunities in the financial markets increasing day by day, it is not surprising that people are jumping onto the online trading bandwagon. However, you will require the services of a broker to open these doors for you and there are a number of them operating in the market. But, you have to remember that not all of them can offer you quality and professional services. You need to put in some time and effort to check out a broker in order to determine what you can expect from them. This HYCM review can give insight into one of the oldest brokers operating in the market.
With more than 40 years of experience under their belt, HYCM is one of the most renowned brokers in the market. They are well-recognized and popular because they are regulated in a number of jurisdictions. These include one of the world’s top regulators, the Financial Conduct Authority (FCA) in the UK. You will also come to know that HYCM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Cayman Islands Monetary Authority (CIMA) and Dubai Financial Services Authority. It is also compliant with MiFID rules that are aimed at protecting investors.
The Range of Trading Instruments
The most appealing feature that you will come across at HYCM is their impressive range of instruments. You can find more than 300 options to explore and these belong to some of the biggest financial markets in the world. They allow you to trade forex, which is one of the most liquid asset class in the world, and the options include AUD/CHF, EUR/GBP, USD/CAD, GBP/USD and EUR/GBP. You can also trade some of the leading brands in the stock market, such as AT&T, Netflix, Apple, Amazon and PayPal. You can get instant access to the global equity market via HYCM and trade indices like EUR50, AUS200, UK100, US500 and more. There is an array of commodities, including precious metals like gold, silver and copper, agricultural products like coffee and cocoa and energies like Brent crude oil available. Cryptocurrencies like Bitcoin and Litecoin have also been added, along with ETFs. Suffice it to say, you will have no problems in diversifying your portfolio.
The Trading Platforms Available
Your trading experience with any broker depends on the trading platform they offer to you. It is the software used for trade execution, monitoring the market and provides you with the trading tools needed for making decisions. If the platform has performance issues, or lacks in features and services, it can result in a poor trading experience for you. Therefore, you need to ensure that you are being offered a quality trading platform and this is exactly what you will find at HYCM because they have added not one, but two options for you. You will have the freedom to choose between the MT4 and the MT5 trading platforms, which are considered the gold standard in the industry and are a top favorite of every professional trader. These trading solutions use state-of-the-art technology for providing ultra-fast trade execution and one-click trading features. Plus, they are also equipped with powerful trading tools, including charts, trading signals, analysis and risk management tools and an economic calendar. Moreover, HYCM gives you the option to download the desktop version, WebTrader or mobile trading apps for iOS and Android.
The Customer Support Provided
Another aspect where HYCM has excelled is the customer support provided on their platform. They have ensured that their clients will have no difficulties in reaching out when they need. Different phone numbers and email addresses are given under the Contact Us section on their website, which are for specific issues. These include client support, general inquiries, account opening and complaints. In addition, a live chat option has also been added for providing urgent help when required.
They offer accommodating account options, educational resources and guidance and competitive trading conditions, which enables HYCM to offer a seamless trading experience for everyone.