HYCM Questions & Answers

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Here’s what consumers have asked with answers from HYCM staff and previous consumers.

38 questions answered
0% answered in 1 day
Question:

What is hycm lab?

Answer:

Hycm lab is a blog, I think so. It has a strange name to it but you can find a lot of useful information in there.

By Gil C.
Question:

As a beginner, which of the accounts will better suit me?

Answer:

Demo account. Please start with it. Only after you feel confident in trading on this account you can choose the type of real account that suits you best. The fact is that traders often choose the type of account based on the trading strategy that they use. That's why I would advise you to begin by creating such a strategy on a demo account.

By Bertil l.
Question:

Can i develop my trading skills by trading with this broker only?

Answer:

Of course, why not? The number of trading platforms you trade on does not effect your process of skill development. The number of trades you make over time does. And one proper platform such as this one can and will be enough for that.

By Rui R.
Question:

Looks like a decent platform definitely, but i didn't see any analytics or market commentary. do they share daily news, articles or market round-ups?

Answer:

Yes, they provide a lot of useful information. I heard that one of the leading analysts of this broker has a kind of a blog. In this blog he shares some analytics. Unfortunately I forgot his name. But I believe that you will be able to find this blog by googling it.

By Samuel F.
Question:

I'm currently trying your assets on a demo account. i'm looking forward to opening a real raw account soon. how can i get my account statement?

Answer:

Uhm... It can be done easily, you should find client portal and pick statements section. Determine the date range and enjoy your account statement.

By Oliver K.
Question:

If i have a trading account with another broker, will it be a problem to open a trading account with hycm?

Answer:

I don't think so. Moreover, I am sure you will switch on the HYCM very soon after registration, because it is very comfortable here.

By Nathan S.
Question:

What are the best instruments to trade with as someone just starting out?

Answer:

I guess any of them. You should look closely to some of the instruments and decide which one is more suitable for you and comfortable to trade looking back at the analysis.

By Egisto B.
Question:

Answer:

The Raw account has extremely low spreads and a commission of 4 dollars per round. These are fair terms.

By Danh Q.
Question:

Are the withdrawals so free and quick as the broker claims on its website?

Answer:

Yep, that's true. I use several ways to deposit and withdraw money from my trading accounts. Money transfers are always very fast!

By Ľubomír H.
Question:

Why does hycm offer three types of spreads at once? is that really necessary?

Answer:

I believe here everything depends on the type of account which you have chosen. All of them have different conditions towards spreads and actually not only spreads, also they have different amount of minimum depo and some of them might have commissions. Why do ones need it? Certainly for different trading approaches.

By Uy M.

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