If you’re new to the world of financial markets and don’t know what broker to choose, you should take a look at HYCM. What is so good about the HY Markets? The brokerage firm HYCM has been successfully operating in the financial markets since 1977! For the traders of the post-Soviet space, such a long experience is saying a lot (first of all that you can entrust this broker with your funds and trade through its platform).

The official offices of HYCM operate in the UK, Hong Kong, Cyprus, and Dubai. The broker has licenses for conducting commercial activities, received from such well-known financial regulators as FCA and CySEC. But are the trading conditions really good? – Compare with Admiral Markets review for example.

What are the commercial conditions of HYMarkets?

The website of HYCM is well made and convenient even for beginners. It is commendable that the website is fully translated into Russian. Therefore, the trading conditions are unambiguous.

Technical support is friendly and convenient. You can contact the representatives of the company for any questions that arise in the process of work from Monday to Friday. It is noteworthy that multiple addresses can be used for queries.

The registration process is quick and easy, and the deposits are instant. The withdrawals are made according to the regulations. The funds of the broker’s clients are kept on accounts separate from HYCM. The storage locations are the best banks of the Kingdom.

HYCM trading accounts

Everyone who wants to work in the financial markets can open three types of accounts:

• HY CM fixed account. The minimum deposit is $100. The owners of a fixed account can trade using fixed spreads from 1.8 pips and make transactions with a volume of 0.01 lot.
• HY CM classic account. The minimum deposit is $100. You can trade with a floating spread from 1.2 pips. The trading volume is 0.01 lot.
• HY CM raw account. The minimum deposit is $200. In this case, the spread is 0.2 pips. The minimum trading volume is 0.01 lot.

If you don’t want to lose money on your first trades with the HY Markets broker, you can gain experience with the help of a demo account. There is a certain amount of virtual money on the real terminal. A demo account is a training account that provides access to all quotes and functions of the trading platform. The brokerage company HYCM is interested in the new players, users, and traders. Therefore, it offers special conditions for beginners. The only difference between the demo account and the real one is that you lose or gain virtual money on the transactions.

Feedback on HY CM

HYCM Trading Company is popular among ordinary traders. It is one of the most reliable and respectable brokers. All traders mention the convenience of HYCM. However, many traders aren’t satisfied with the commercial terms of cooperation with HYCM.

The broker has too high spreads and commissions. There may be delays in the operation of trading terminals.

Today there are many different options and ways to make money online. If you’re interested in Forex, make sure to study this field in detail. First, find a reliable intermediary and check the terms of cooperation and the tools offered. Of all the agencies currently working on Forex, the HYCM broker can be highlighted. This intermediary has a wide experience and high ratings, which is enough to attract your attention. An intelligent approach, a smart strategy, and calculated risks on your part, plus the support of reliable brokers and working tools will yield positive results.