Comment on HYCM
<p>Are there any regulations?</p>
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<p>Are there any regulations?</p>
<p>I’m learning to trade with HYCM, now I’m with $200, cause I’m learning, but I’ve plans to invest more money.<br> There’s, fairly, some points that I like and some that I dislike. I like that brokerage is regulated, so I don’t fear to invest money (but I still fear to lose them while trading) and I know that I will get my funds and all profits back, however I don’t like that there’s no demo account?<br> Am I right and they don’t have demo?</p>
<p>I often have some problems with calculations of position size, I often make mistakes.<br> Can you tell me if there are any tools here for me to solve this question?</p>
<p>Im just learning HYCM and haven’t made a deposit yet, I want to check everything before investing my money. I’ve noticed many really positive things.<br> 1. The broker has 5 (!) regulations. 5, Carl! Why do they need such many? But okay. Among the regulations are both CIMA and FCA + CySEC. These two regulations are very respected in the community, so I think this is a big advantage.<br> 2. Positive reviews on respected websites, which adds to the confidence that the broker is good not only “”on paper””, but also in “”real trading””.<br> 3. Minimum deposit only $100. This is the first broker with FCA regulation that accepts traders starting from $100 deposit, so this is great!<br> The only drawback is that my strategy involves using fixed spreads. Is it possible to fix spreads on my HYCM account?</p>
<p>So far I’m just testing a demo account here. The brokerage looks nice in regard of all these regulations that they’ve got. But I can’t understand, do all these regulations apply to every customer ? SO when I register and deposit my funds will be covered with all these authorities that they list on official website?</p>
<p>Can education from this brokerage really be so useful?</p>
<p>I like this broker for some reasons:<br> 1. 100% regulated. I feel that me and my funds are 100% secure, so i’m free to trade as I want and I don’t care about withdrawals<br> 2. Withdrawals itself are so fast, sometimes I get money at the same day.<br> 3. Vast educational opportunities, including both free and payed education, so each trader will find something to improve its trading.<br> 4. Metatrader 4/Metatrader 5. That’s the best trading platforms, so I like them.<br> However, I recently have read one of reviews where author said that there’s opportunity to copy other traders strategies. I haven’t found nothing like this, so can someone explain is this fake or it’s real opportunity to copy-trade?</p>
<p>I have been interested in trading for several years. And I believe that this business will be mine for many years, because there is always something to strive for and there are always some unusual moments and non-standard ways to solve them. This company has attracted my attention because of its serious regulation. It seems to me that this is one of the security guarantees. And I have already tested it in practice through withdrawal of funds. Everything went well, the commissions were minimal, the money came the same day.<br> And now I am interested in fixed spreads. And for this reason I had a question.<br> In what cases is it relevant? Or under what strategies is it reasonable to use fixed spreads?</p>
<p>Is there any way to copy signals?</p>
<p>I trade with HYCM maybe about half a year. So far I’m doing well, the brokerage works well and didn’t let me down.<br> At the beginning, I had problems choosing the type of account, as the broker has 3 of them. But as a result I understood that the Classic account will be the most advantageous for me. On it pretty low spreads, and thus there is no commission as on Raw account.<br> It’s also very cool that the broker provides quite a few different assets for trading, among which there are cryptocurrencies (I’ve always wanted to try to trade them).<br> So far I have traded on the MT4 trading platform, but lately I’m thinking of switching to the MT5 trading platform. Is it true that the MT5 trading platform supports those exotic instruments that aren’t available on the MT4? That would be cool 😉</p>
<p>I opened a Classic account with a broker half a year ago. In fact, it was quite difficult for me to decide on the account type, as the brokerage represents 3 account types to choose from.<br> But I made a choice, and my trading conditions – floating spreads from 1.2 pips, the minimum deposit of $100, the minimum trade of 0.01 lot, it is possible to trade through Expert Advisors.<br> This is quite profitable, and fits my trading strategies almost perfectly.<br> I chose HYCM as my broker because of its regulation and positive reputation on the market.<br> As far as I know, a broker has enough assets to trade with. What are your favorite ones BTW? Any interesting stocks or crypto that I might be missing?</p>
<p>How useful HYCM education is?</p>