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August 30, 2019

HYCM's all Deposit and Withdrawal options and conditions

Multi-licensed online Forex broker, HYCM provides variety of funding options for traders from all over the world.

hycm-all-fund-deposit-and-withdrawal-options-conditions hycm-all-fund-deposit-and-withdrawal-options-conditions

Go to HYCM Official Website

Who is HYCM?

HYCM(Henyep Capital Markets) is an Online FX & CFD broker.

Its Group company’s foundation goes way back to 1977, and currently the operation is based in UK and Cyprus.

HYCM is licensed by UK’s Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC).

HYCM’s traders are protected by compensation scheme. £50,000 per customer by UK FSCS & €20,000 per customer by Cyprus ICF.

Now the broker has international offices in London, Hong Kong and Cyprus.

Open HYCM Real or Demo Account

Trading Information

With HYCM, you can trade Forex, Metals, Indices, Oil, Gas, Commodities and Stocks through MT4 and MT5 trading platform.

The maximum Leverage is 1:30, and NBP is fully supported.

NBP(Negative Balance Protection) protects traders from exceeded loss(minus balance) for traders.

The new leverage for UK and EEA* clients is up to 30, while clients from the Rest of the World will still receive leverage up to 200.

The broker model is “Market Maker” with “Instant Execution“.

The minimum spread starts from 1.5 pip, which is about $15 of trading cost per 1 lot(100,000 units) of trading.

HYCM offers free trading tools such as News, Calendar, Market Outlook & Analysis for traders to follow the market.

*HYCM does not provide service to residents in Iraq, Iran, North Korean, Turkey, Yemen or Syria.

Go to HYCM Official Website

Fund Safety with HYCM

HYCM is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Cayman Islands Monetary Authority (CIMA) and, as such, is required to work within strict accounting and risk management frameworks.

All capital not being used for margin purposes will be fully segregated into a special client account which is kept separate from HYCM company funds.

Your funds will not be used to pay back creditors in the event of the company’s bankruptcy.

HYCM’s Deposit Options and Conditions

Here are the available fund deposit options with HYCM.

Funding Method Minimum Deposit Amount Currencies Processing Time
Bank Wire Transfer US $250 USD, EUR 1 to 7 working days
VISA & Mastercard US $20 USD, EUR Up to 1 hour
Neteller US $20 USD, EUR Up to 1 hour
Skrill US $20 USD, EUR Up to 1 hour

HYCM does not charge on deposits, however there might be charges from the banks that are then deducted from the amount that you will receive.

Visit HYCM Official Website

HYCM’s Withdrawal Options and Conditions

Here are the available fund withdrawal options with HYCM.

Withdrawal Method Minimum Withdrawal Amount Currencies Processing Time
Bank Wire Transfer US $300 USD, EUR 1 working day
VISA & Mastercard US $20 USD, EUR 1 working day
Neteller US $20 USD, EUR 1 working day
Skrill US $20 USD, EUR 1 working day

HYCM does not charge on withdrawals above US $300, however there might be charges from the banks that are then deducted from the amount that you will receive.

Please note withdrawals over $5,000 to Skrill or Neteller are subject to a 1% processing fee.

Days are for indicative purposes and HYCM shall not be held liable for any delay of processing if such delays are out of their control.

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