Top5 Brokers for Cryptocurrency Trading

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HYCM Review |  HYCM Cryptocurrencies Trading Details

HYCM cryptocurrency tradingHYCM is based in London and has been operating on the financial market for decades. In 1977, Henyep Group was established and was starting to provide financial trading and investing services.

In 1998, Henyep Capital Markets (HYCM) obtained an FCA license in the UK. HYCM also has offices in Hong Kong, Dubai, Kuwait and Cyprus.

HYCM is well known throughout the world as one of the oldest and reputable brokers. The official HYCM website has more than 500,000 visits per month.

 

Four different regulatory entities control HYCM:

Company Regulator Country
Henyep Capital Markets (UK) Limited FCA UK
HYCM (Europe) Ltd. CySEC Europe
Henyep Securities Limited SFC Hong Kong
Henyep Capital Markets (DIFC) Limited DFSA Dubai

HYCM Cryptocurrencies Trading conditions

Instruments Account TypesMin. Spread
Fixed Classic Raw
BTCUSD 3500 3210 3210
LTCUSD 40 35 35
ETHUSD 200 181 181
XRPUSD 60 50 50
BABUSD 600 501 501
BTGUSD 150 140 140
BTCEUR 3500 2500 2500
DSHUSD 150 100 100
ETCUSD 100 60 60
IOTUSD 100 90 90
XMRUSD 150 135 135
NEOUSD 100 40 40
QTMUSD 300 80 80
ZECUSD 150 135 135

 

HYCM Cryptocurrency Leverage

HYCM LTD (CIMA) Henyep Capital Markets (UK) Ltd (FCA) HYCM (Europe) Ltd (CySEC)
MT5 MT4 MT4 & MT5 MT4 & MT5
1:20 1:20 1:02 N/A

 

Instruments Swap Long Swap Short Lot Size Min. Trade Size Value Per Tick Platforms
BTCUSD -20.00% -20.00% 10 Bitcoins 0.1 Bitcoins 0.10 USD
MT4 MT5
LTCUSD -20.00% -20.00% 100 Litecoin 1 Litecoin 1 USD MT4 MT5
ETHUSD -20.00% -20.00% 10 Ethereum 0.1 Ethereum 0.10 USD MT4 MT5
XRPUSD -20.00% -20.00% 1000 Ripple 10 Ripple 0.10 USD MT4 MT5
BABUSD -20.00% -20.00% 100 Bitcoin ABC 0.1 Bitcoin ABC 0.10 USD MT4 MT5
BTGUSD -20.00% -20.00% 100 Bitcoin Gold 1 Bitcoin Gold 0.10 USD MT5
BTCEUR -20.00% -20.00% 10 Bitcoin 1 Bitcoin Gold 0.10 EUR MT5
DSHUSD -20.00% -20.00% 100 Dash 1 Dash 1.0 USD MT5
ETCUSD -20.00% -20.00% 1000 Ethereum Cls 10 Ethereum Cls 0.1 USD MT5
IOTUSD -20.00% -20.00% 10000 Iota 100 Iota 1 USD MT5
XMRUSD -20.00% -20.00% 100 Monero 1 Monero 1.0 USD MT5
NEOUSD -20.00% -20.00% 1000 Neo 10 Neo 0.1 USD MT5
QTMUSD -20.00% -20.00% 1000 Qtum 10 Qtum 0.1 USD MT5
ZECUSD -20.00% -20.00% 100 Zcash 1 Zcash 1.0 USD MT5

 

HYCM Cryptocurrencies Trading Details for trading crypto on your mobileHYCM Trading Platforms

They offer several well-known platforms making it easy on both new customers and those transitioning from a different trading platform.

MT4

MetaTrader 4 is one of the best-known names in the industry. User-friendly and with an easy to navigate interface, it is suitable for all Forex traders. Equipped with Expert Advisors feature facilitating automatic trades, it is probably one of the best choices available on the market.

MT5

MetaTrader 5 is a powerful multi-functional, multi-asset platform featuring advanced technical analysis, fundamental analysis, flexible trading systems and compatibility with automated trading applications (trading robots, Expert Advisors).

MT5 offers additional timeframes and services, including 21 timetables, six types of pending orders, and an integrated fundamental economic calendar.

CFDs for CurrenciesStocksIndicesFuturesCommodities and Cryptocurrencies at your service on one trading account. Monitor and trade one of the world’s largest financial markets! This platform is the latest version of the metaquotes MetaTrader series. The entire industry will eventually convert to the MetaTrader 5, HYCM is just ahead of the curve.

HYCM Account Types

Depending on your trading requirements HYCM offers three different account types



Micro Account is best suited for new traders. The minimum required a deposit is $100. Leverages go up to 1:500 and the minimum fixed spread is 1.8.

Standard Account is for more experienced traders. With the minimum deposit o $1,000, Standard Account comes with leverages up to 1:300 and the spread of 1.5.

VIP Account is designed for professional traders. It requires a deposit of $10,000 and comes with no limitations. All products and services are available to VIPs.

Islamic Account: Islamic accounts are available for all three levels for traders compliant with the Sharia law.