We tested the debit card withdrawal

The ideas are based purely on technical analysis and cover certain commodities, stock indices as well as most FX pairs. We tested the debit card withdrawal and it took more than 3 business days. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. Andras has over 5 years of experience in investing and trading equities, options and bonds.


He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He’s eager to help identify the characteristics of specific brokers, so the best match can be found for each client. We tested it and collected the options and costs in How to withdraw money on Forex brokers. We liked the videos; the presenter, Giles Coghan has good insights and an easily understandable accent. On the negative side, we think these videos should feature tags or be organized into categories for better searchability.

How do you withdraw money from HYCM?

We use over 50,000 data points and a consistent, fact-based methodology. On the plus side, https://forexreviewdaily.com/fibo-grupp/ has low forex and CFD fees.The education section, especially the webinars are more informative and enjoyable than what some other brokers offer. The account opening is seamless and there are a lot of free deposit & withdrawal options. HYCM has an above-average forex selection but the stock CFD lineup is minimal compared to its main competitors. Stock CFDs include some large companies listed in the UK, US, German and Spanish markets. Some stock CFDs and exotic FX pairs are only available on the MetaTrader5 platform.

  • We tested the debit card withdrawal and it took more than 3 business days.
  • Some stock CFDs and exotic FX pairs are only available on the MetaTrader5 platform.
  • What you need to keep an eye on are trading fees and non-trading fees.
  • HYCM has generally low CFD trading fees, they compare favorably to the fees charged by its main competitors.
  • There are3 main types of trading accounts at HYCM , which differ in their pricing structure and the required minimum deposit.
  • In the case of Classic and Fixed accounts, the broker only charges spread costs.

https://forexreviewdaily.com/’s web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. A bank transfer can take several business days while payment with a credit/debit card is instant.

The relevance of the answers was OK although some questions were not properly addressed at first and we had to ask the same questions again to get an answer. On the negative side, thedesign is outdatedand some features are hard to use. For example, we had difficulty figuring out how to remove an indicator from the chart. The major difference is that here you can set alerts and notificationsin the form of mobile push and email notifications. To set email or mobile notifications, you need to add your email address and mobile MetaQuotes ID .

Deposit fees and options

For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers.


hy-markets is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA. HYCM is part of the Henyep Capital Markets Group, an international conglomerate specializing in financial services, property, education, and charity. Thelive chatat HYCM is usually fast and manned from 5 am GMT until 6 pm GMT on weekdays. Additionally, you can chat with customer support on Telegram, Skype, Viber, Whatsapp, and Facebook Messenger as well.

It providesMetaTrader 4 and MetaTrader 5third-party trading platforms. We reviewed MetaTrader 4 because of its high popularity. Opening an account only takes a few minutes on your phone. Select your desired trading platform , account www hy market type and currency. Bear in mind that you can also open additional accounts later. So for example, you can have a MetaTrader 4 account both in USD and EUR. You can make transfers between accounts opened in the same currency.

I want to trade options, are they available at HYCM?

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Check out the current account balance requirements at https://forexreviewdaily.com/fibo-grupp/ in our What is the minimum account balance at HYCM article.

HYCM withdrawal fees and options

The search functions are OK.You can find assets grouped into various categories. However, Forex brokers we missed the usual search function where you can type the name of an asset manually.

Thephone supportat https://www.investopedia.com/articles/forex/11/why-trade-forex.asp was average-speed, we received relevant answers and customer service representatives were helpful. HYCM has clear portfolio and fee reports.You can easily find your profit-loss balance and the commissions you paid under the ‘History’ tab.

Utility bills and bank statements are accepted for residency verification. If you want to use a debit or credit card, you’ll https://forexreviewdaily.com/ need to verify those as well. Withdrawals over $5,000 via Skrill or Neteller are subject to a 1% processing fee.

On the flip side, HYCM’s product portfolio is limited to forex and CFDs. Popular asset classes, such as real stocks, are missing. The broker uses MetaTrader trading platforms that have a slightly outdated design. Additionally, HYCM charges a $10 inactivity fee per month after 90 days of inactivity. Similarly, two-step authentication – which would provide additional security – is not available. It offers a wide selection of quality educational tools.

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