Top5 Brokers for Cryptocurrency Trading[TS_Advanced_Tables id=”4″ table_formatting=”metadata” table_scope=”none” show_name=”false” show_info=”false” show_comments=”false” table_shortcodes=”true” preloader_use=”false” header_use=”false” footer_use=”false” columns_widthlimit=”false” responsive_type=”flexflow” responsive_switch=”640″ tablesaw_sortswitch=”true” styling_customize=”true” styling_size_head=”16″ styling_weight_head=”bold” styling_transform_head=”none” styling_size_body=”13″ styling_weight_body=”normal” styling_transform_body=”none” styling_size_foot=”16″ styling_weight_foot=”bold” styling_transform_foot=”none” margin_top=”0″ margin_bottom=”0″]
HYCM Review | HYCM Cryptocurrencies Trading Details
HYCM 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:
|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|
HYCM Cryptocurrency Leverage
|HYCM LTD (CIMA)||Henyep Capital Markets (UK) Ltd (FCA)||HYCM (Europe) Ltd (CySEC)|
|MT5||MT4||MT4 & MT5||MT4 & MT5|
|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||
|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 Trading Platforms
They offer several well-known platforms making it easy on both new customers and those transitioning from a different trading platform.
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.
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 Currencies, Stocks, Indices, Futures, Commodities 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.