HYCM

Policies 

In order to ensure the highest safety of its clients, there are different policies that the broker has adopted. Among them, you can find negative balance protection, account segregation, and so on. 

When you are trading on high leverage, you are able to lose more money than you have on your account. This can be quite dangerous for traders, especially for those who are just getting started. In order to avoid such scenarios, the broker has adopted a negative balance protection policy. This ensures that when you are trading on leverage, your positions are closed automatically whenever your account balance reaches zero. 

The Forex broker also keeps the funds of clients in segregated bank accounts, which is a very important policy that guarantees the safety and security of Forex traders. No matter what goes wrong, even if the broker goes bankrupt, traders will still be able to have access to their funds, all thanks to account segregation. For this purpose, HYCM has partnered up with leading banks throughout the world, which ensures the safe storing of clients’ funds.

Apart from this, HYCM is also a member of the Investment Protection Fund, which ensures that in case of security issues, the traders will be compensated at least part of their account balance.

When reviewing HYCM, we found that this Forex broker offers traders a wide range of trading assets. While the number of assets offered is lowish when compared to other leading Forex brokerages available in the market, there is still a good selection of trading instruments for the clients.

The most important thing making HYCM a good fit for traders of all different interests and wants is the fact that traders can easily find something that fits their individual needs. Below, we will go through the different types of instruments available.

Forex trading 

Forex trading, for a long time, has been a leading financial market. There are millions of people trading currency pairs every single day, and because of this, it should not come as a surprise that the team behind HYCM is largely focused on providing its customers with high-quality Forex trading services. 

One of the biggest advantages of trading currency pairs on HYCM is that there are over 70 currency pairs available. This includes all majors, most minors, and some exotics. The maximum leverage for Forex trading on HYCM is 1:500, however, depending on your location, there might be some limitations. For example, if you are a trader from the EU using HYCM, you won’t be able to use leverage higher than 1:30 due to local regulations. The spreads for currency trading are very low on HYCM and start from just 0.1 pips depending on the market conditions.

Stock trading 

HYCM offers traders the opportunity to trade stocks using CFDs. These are very popular assets, which are used by traders who do not want to buy the stocks themselves, but rather speculate on their price changes. CFDs allow traders to use higher leverage. 

The maximum leverage for stock trading on HYCM is 1:20 and the margins start from just 5 percent. If you do not want to trade CFDs and want to invest in stocks directly, you have the opportunity to do that with HYCM. The broker offers traders a special trading account that can be used to trade not only stocks but also exchange-traded funds, which have become very popular among traders over the past few years. There are dozens of ETFs available for the clients of HYCM.

Depending on what your interests are, there is a good array of choices of stocks on HYCM. However, it should be noted that there are many other Forex brokers available in the market that offers clients access to a larger variety of stocks for trading. 

Indices trading 

Indices are very popular among traders who want to invest in larger markets. This asset class allows individuals to have exposure to the whole market with only one investment. 

Indices list different types of stocks in one asset, which allows traders to diversify their investment through an entire industry. The indices are made up of different stocks. For example, there are some indices that are made up of stocks representing certain countries, whereas there are other indices that are made up of stocks representing a certain part of the economy. 

By trading indices on HYCM, traders have the opportunity to gain instant access to the global equity markets. There are over 15 leading indices available for the clients of HYCM, and the maximum leverage for index trading is as much as 1:200. However, keep in mind that there might be different limitations on the leverage you can use depending on local regulations in your country of residence.

Cryptocurrency trading

Over the past few years, cryptocurrencies have become one of the most popular assets around the world. There are many different ways you can trade cryptocurrencies today, but it has become very common for people to trade them as CFDs. 

There are several reasons for this. First, using CFDs for crypto trading is a great way to make a profit from the market without having to worry about storing them in a crypto wallet. This happens because when you trade crypto CFDs, you are not dealing with the crypto assets directly. You are simply speculating on how the price of the underlying asset is going to change.

While there are not so many cryptocurrencies available on HYCM, the clients of the broker still have access to some of the best-known and most popular digital coins globally. Among the crypto assets that can be traded on HYCM are Bitcoin, Ethereum, Litecoin, and several others. The leverage for crypto trading goes up to 1:20.

Commodities trading 

While working on this HYCM review, we found that among many assets available on HYCM are commodities. These assets have been very popular among traders since the dawn of time. HYCM offers traders both soft and hard commodities.

Among the commodities that can be traded on HYCM, you will find Brent oil, cocoa, coffee, copper, and many others. The maximum leverage available for commodities trading on HYCM is 1:133.