Perhaps, you may think that I have a sort of phobia, but I call it conservative values. I registered here, and indeed my personal manager turned out to be very friendly and knowledgeable. My manager helped me learn all the ins and outs of affiliate marketing. As a result, I’m already earning a steady income and attracting 4-6 new referrals every month. It’s not much, but I know that I’m still at the beginning of my journey. Moreover, even such figures allow me to earn decent money in HY Affiliates.
I’m not psychologically ready to stand it all crazy ups and downs. I felt a great relief once I quitted a long-lasting crypto marathon. So I started my own blog and began to tell there about the strategies I use in trading. 10 of them have already registered using my affiliate link. In HY Affiliates reviews, I also read that it comes on the 15th of each month. I’m surprised that so quickly my work has yielded results. So now I alternate commission types and get a result that pleases me more.
Someone was talking about the huge payouts, someone was praising the marketing tools. As an uninformed person, I remembered only that each partner has a personal manager who really helps in the work. But about six months ago, I came across an interesting topic on the forum. The guys were discussing the conditions of the affiliate program.
This includes 4 account types to select from including the fixed spread, raw spread, standard, and VIP accounts that are all available as Islamic trading accounts. The FBS minimum deposit for traders within Europe is a great value $10.
Because before working for this company I had only tried traditional spreads and it seemed to me that that was all there was to it. These are probably all the advantages I have found in HYCM. I would say the downsides are that the account types system is confusing. If you are looking for a reliable broker, this broker can suit you. It will not be a problem for it with its 40-year experience.
I haven’t any significant negative opinions across the Web, I think that’s good result. Of course, like in any other activity there are people that are unsatisfied with company, but in percents to all reviews. And you can always, at any time, change the type of spreads, the company does not limit you in this decision, and this is really cool. In fact, despite the fact that the market provides a large number of opportunities, as a rule, we are faced with certain restrictions here, which are usually created by brokerage companies. Sometimes this is justified, sometimes not, but it does happen quite often, and it causes some discomfort.
The low entry point for all account types is nice, but that’s about it. CySec regulates the business of HYCM Ltd (license number 259/14). The HYCM brand has grown to be well recognized among traders and investors in the financial industry.
What Are The Different Hycm Trading Platforms?
This browser-based solution allows clients to trade on the platform without a software download, and is compatible with all operating systems. To be honest with you, I didn’t expect it to be affiliate marketing. I had always been skeptical about this kind of activity.
This obviously plays a big role in whether ill make a profit or lose money. I tried to bring this issue up a couple of time with the support managers, but they don’t seem to be bothered by it as much as I am.
Our broker review was pleased to see that fees are in line with the industry. Each of us knows, or just guesses, how much depends on the right choice of broker. Because depending on the commissions and spreads, the costs of trading will be more or less.
Spreads at OctaFX start from 0 pips on all platforms and the minimum deposit stands at $100 or $500 for a Pro account. You will be glad to know that fees, spreads, and trading conditions also remain the same for Islamic accounts. FBS is a top forex broker that has a great reputation, particularly for new traders. They provide a total of 5 swap-free accounts and so, are well-equipped in this regard.
Depending on the number of assets, the trading opportunity will be higher or lower. Depending on the minimum deposit size, it will be clear whether you can open an account or not.
The broker minimum deposit starts from just $10 with spreads from 0 pips and access to the well-known MT4 trading platform throughout. IC Markets spreads start from as low as 0 pips and trading is available on all major platforms such as MT4, MT5, and cTrader. Aside from the fees that exist from IC Markets if you hold your position open for longer than one day, the other aspects of trading conditions are the same throughout for Islamic accounts. eToro is the broker many consider best when it comes to social trading. They also offer options for Islamic traders in the form of their standard account which can be converted into a swap-free account. The FBS spread starts from 0 pips with top trading platforms MT4 and MT5 both available. Trading conditions also remain broadly the same for Islamic accounts with FBS.
just A Good Broker
Another thing which could occur, although less frequently, is the raising of spreads or commissions for Islamic trading accounts. There may also be some exotic currency pairs or less common trading markets that are unavailable when trading through an Islamic account. Opening an Islamic account is usually as easy as contacting the customer support team of any top forex broker. With some brokers, but not many, the trading costs could be higher to make up for the absence of swap fees. They may impose a fee that is not interest and is, therefore, compliant with Islamic trading law.
HY Markets delivers a lot of value to its customers by offering some of the tightest fixed spreads along with the high leverage on forex pairs. However, HY Market’s product offerings aren’t as deep as its peers. For example, while HY Markets allows you to trade equities, it only offers CFDs on 12 companies. Advertising and HYCM promotions are active but effective and very loyal to any target audience.
However, novices may be better served by a broker who provides more resources. HY Market’s market analysis and educational content is somewhat limited as well. It only has a few essential articles and doesn’t offer webinars, courses or instructional videos like many other brokers. Despite low transactions costs and account minimums, HY Markets also levies quite several fees when you try to take money out of the account. Established in 2007, HY Markets is the London based forex trading arm of the Hong Kong financial services conglomerate Henyep Group.
The London-based Henyep Capital Markets UK Ltd operates HYCM under authorization and regulation by the UK Financial Conduct Authority . Furthermore, the CySEC regulates its Cyprus division while a local regulator – the SFC licenses the Hong Kong-based subsidiary. UK’s financial watchdog is well known for enforcing strict requirements to brokerage firms. Licensed companies are expected to comply with certain rules and procedures which cover client funds, order execution, minimum capital requirement, consistent report filling and much more.
Hy Markets Review
They are a multi-award winning broker having been voted the best broker for Nigerian traders in both 2017 and 2018. They provide a total of 6 accounts which includes 3 types of ECN account, a mini trading opportunity through the cent account, and a shares account available for Islamic trading. Spreads on these forex trading accounts start from 0 pips with the best in trading platforms available like MT4, MT5, and cTrader.
Either my requests don’t go through, or they are completed, but with a different sum. Something shady is going on the last few weeks for me and HYCM.
The funds are secured through segregation in top-tiered banks and/or by national protection schemes. Option.Finance is a free, online comparison service allowing traders to compare financial brokers and products. Traders should keep in mind that the minimum first deposit is $100 for Fixed and Classic accounts and $200 for Raw accounts. Also, all types of accounts, except the demo account, offer the option of an Islamic account.
Exmo Cryptocurrency Exchange Review (
account holders would have to pay both commissions and spreads, whereas Fixed & Classic traders are limited to just spreads. Agile and versatile Forex offering in a regulated environment that doesn’t thwart flexibility with leverage and advanced trading strategies. Marcus founded BrokerNotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. Finally, we’ve listed some of the popular funding methods that HY Markets offers its traders below.
- So, after two months of trading with this broker I can say that it’s a really reliable partner.
- I have always preferred tried and tested companies with rich experience in the industry.
- Users can also refine their execution strategies in MT4 and MT5 using Expert Advisors .
- licensed in multiple jurisdictions and has a lot of experience on the market.
Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. fxexplained.co.uk is an affiliated partner with various forex brokers and may be compensated for referred forex traders. Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors.
It’s easy to upgrade to a real-money account after the 14 days. Traders can begin investing with a minimum deposit of $100 and payments are fee-free.
Notably, the MT4 is reliable, secure and easy to use, incorporating support in multiple languages. Importantly, it’s packed with a huge selection of tools facilitating forex trading, including technical indicators and charts for detailed analysis. We saw that the HYCM MT4 platform also offers automated copy trading, based on payable, signals from ‘top’ traders using the MT4 platform.