HYCM Review


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HYCM Review


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Overview



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Overview

These days, people are rushing toward cryptocurrency and want to get more information about crypto exchange companies. People try to contact trading companies and want to invest a high amount in them.

Does the question arise why they are eager to contribute to it? Is there any hidden treasure? This topic is gaining much popularity day by day. No matter whether people are doing an online meeting or they are in a gathering, they must discuss this topic.

It is risky to invest in cryptocurrency as well as it is incredibly profitable. If you demand digital currency, cryptocurrency can prove a good investment.

However, We should carefully think before investing in cryptocurrency trading companies because Scam is increasing daily. There are many slammed websites. And scammers try to rob the traders through their dealings and tactics.

So, while investing in any company, it is beneficial to research that company. Read the reviews of investors and read the website review. Then do contact company management and then take any steps.

In this article, we’ll review HYCM ( Henyep) to make it easy for you to have authentic information before investing.This review explains it:

Scam Or Legit? Read before Opening your account:

HYCM is a Worldwide company of forex or CFD broker. Henyep was executed in 1977. The company is regulated by various financial authorities worldwide, including the Cyprus security and exchange commission and UK Financial Service Authority.

Top-tier FCA executes Henyep, so it is considered safe from security issues. Henyep is considered an average security risk. Its trust score is 88 out of 99. HYCM does not do trading publicly, and a bank operates it. HYCM is Authorized by two-tier one regulators, two-tier 2. regulators and one tier 3 regulator.HYCM is not a scam.

Henyep is a trustable brand that presents the direct experience of MetaTrader. The raw account of HYCM gives competitive prices. Also, from central trading, traders can gain access to third-party modules. And through another platform, traders can exchange trading securities.

It has a high trust track record and is executed by various authorities, including DFC, FCA and CySEC. So it is considered a low-risk trade company. Henyep Capital Markets is the main office of this company, and FCA executes it.

This information satisfies its customers and provides flexible conditions of cooperation. Its other branches are licensed by Dubai and Cyprus etc. Henyep provides strict rules and regulations. It means that it provides protection to the customers, and the deposits of clients are always protected,

and promises are separately stored from the company’s funds & are not used by the company for personal or business use.If HYCM, for some reason, is not able to provide funds to customers, Clients may get compensation.

HYCM provides classic, fixed and raw spread accounts. The company’s fee changes according to the account type selected by clients. It also takes an inactivity fee.

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Advantages and disadvantages of PayBack LTD

  • Provides only CFD and Forex products.
  • The design of the trading platform is outdated.
  • Works 5 days a week.
  • The company takes an inactivity fee.
  • The company does not provide the facility for cryptocurrency trading.
  • Every person cannot afford the High inactivity fee.

Trading Platform

After visiting the website, I came to know that HYCM has a large number of clients on its website. And it has many trading platforms.