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Forex Malaysia
HYCM Malaysia

HYCM Forex Malaysia - HYCM Broker Review

As an established and trusted broker with a 40+ year reputation in the financial market, HYCM offers a comprehensive range of products and services with first-class trading experience.

HYCM which stands for Henyep Capital Market, is a part of the Henyep Group, a global financial company that operates within the Asian, European, and North American markets. The company joined Hong Kong Gold and Silver Exchange Society in 1977 and created its divisions including Henyep Securities and Henyep Commodities.

HYCM Malaysia is regulated by multiple regulatory bodies such as FCA of the UK, CySEC of Cyprus, CIMA of Cayman Island, and DSFA of Dubai. HYCM also operates in direct compliance with MiFID. The 40+ year experience in the business in addition to the company
s multiple prominent awards speak for HYCMs reputation. With branch offices in 5 leading financial centers of the world, HYCM has been serving its clients from over 140 countries, by offering them a wide range of services in Forex, stocks, indices, commodities, and cryptocurrencies.

HYCM Malaysia offers simple types of Forex accounts that allow all trading strategies with negative balance protection. Spreads at HYCM are fixed and floating with no commission, starting from 0.2 pips with minimum deposits of 100 USD and leverage as high as 1:500, accessible via MetaTrader 4 and MetaTrader 5 trading platforms.

HYCM traders can enjoy a 24/5 available customer service for their trading needs, and can find the answers to their queries via HYCM
s comprehensive FAQs, websites live chat, and social chatting platforms such as Viber, Skype, Whatsapp, Telegram, and Facebook Messenger. Additionally, free learning materials in forms of educational articles and various educational tools such as video courses and tutorials on multiple topics, webinars, online classroom, seminars, and other live events are available at HYCM Malaysia for beginners who just started trading.
Website: www.HYCM.com
Regulations: CySEC, FCA, DSFA, CIMA
Country: UK
Year founded: 1977
Malaysian Client Support: Yes
Local bank deposit in Malasyia: No
HYCM Rating: 4 / 5
Rating: 4 / 5

HYCM Malaysia Account Types

HYCM Malaysia offers simple types of trading accounts that can match all trading styles of newbies as well as professional traders. All trading activities are executed instantly as fast as 12 milliseconds on average and are available in five base currencies, namely EUR, USD, GBP, RUB, and AED.

Traders who prefer safer trading with fixed spreads might be interested in opening an HYCM Fixed account. Only by depositing a minimum of 100 USD, traders will be able to trade in fixed spreads from 1.8 pips, leverage as high as 1:500, and a minimum trading volume of 0.01 lots. Furthermore, no commission is charged for this type of account.

Experienced traders can open an HYCM Classic account by making a minimum deposit of 100 USD. They can trade with floating spreads as low as 1.2 pips, leverage as high as 1:500, and a minimum trading volume of 0.01 lots with negative balance protection.

The last account is HYCM Raw account, which offers raw spreads as low as 0.2 pips, easily opened by making a minimum deposit of 200 USD. For this type of account, traders are charged a $4 commission for each round traded with leverage as high as 1:500 and secured by negative balance protection.
Minimum Deposit: $100
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Fixed from 1.8 pips
Commission: No
Account Currency: EUR, USD, GBP, RUB, AED

Minimum Deposit: $100
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 1.2 pips
Commission: No
Account Currency: EUR, USD, GBP, RUB, AED

Minimum Deposit: $200
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 0.2 pips
Commission: $4 / lot
Account Currency: EUR, USD, GBP, RUB, AED

HYCM also offers Forex Islamic accounts with swap-free services for Muslim traders, as well as VIP account for professional traders who prefer trading in large volumes.

Another special feature of HYCM is that traders are allowed to open a joint account, where two account holders will cooperatively own a single account and may take turns in using the account. A joint account will be activated when the original account holder initiates and authorizes the process.

Traders who are not yet confident about their trading skills can always start with a Demo account and use virtual money up to 50,000 in EUR or USD currencies. The account remains active for about 14 days using the MetaTrader 4 trading platform.

HYCM Malaysia Deposit & Withdrawal

HYCM Malaysia offers instant deposits and withdrawals via multiple methods with no additional fees.

Instant deposits and withdrawals are available with a minimum of 20 USD or its equivalent, and up to 1 hour of lead time using the following payment methods:

Credit cards (VISA/MasterCard)
E-wallets (WebMoney, Skrill, Neteller)

Bear in mind that there will be an additional 1% processing fee for withdrawals over 5,000 USD via Skrill and Neteller.

Deposits and withdrawals via bank wire transfer can be made with a minimum amount of 250 USD for deposits and 300 USD for withdrawals. The lead time required is 1 to 5 working days. Even though HYCM does not charge its clients any fees, there might be an additional fee charged by the banks automatically deducted from the amount received by the traders.

HYCM Malaysia also accepts payment methods using China Union Pay and virtual cards. Traders will be required to prove that they are the true owner of the card by providing the card number and the expiration date.

HYCM Malaysia Spreads

Spreads at HYCM are offered in the various amounts based on the account types. Fixed spread from 1.8 pips is applied to HYCM Fixed Account and floating spread from 1.2 pips to HYCM Classic Account, with no commission. On the other hand, HYCM Raw Account offers raw spreads as low as 0.2 pips with a $4 commission of for each round traded.

HYCM Malaysia Security & Safety of Funds

Forty years of experience has given HYCM a solid reputation in terms of transparency and fair trading practices.

HYCM is licensed by multiple leading regulatory bodies in various jurisdictions:

FCA of the UK under the name of Henyep Capital Markets (UK) Limited.,
CySEC of Cyprus for HYCM (Europe) Ltd.,
CIMA of Cayman Island for HYCM Ltd, and
DFSA of Dubai under the name of Henyep Capital Markets (DIFC) Limited.

In line with these licenses, HYCM is required to keep the clients
money separated from the companys operational funds. Besides, they have to follow strict accounting and risk management frameworks of the regulators, as well as submit their financial reports periodically to show their capital competence.

At HYCM, annual audits are performed by the fifth-largest international accountancy network, Moore Stephens and BDO Ltd.

Advantages of Trading with HYCM Malaysia

A trusted and reputable broker with over 40 years of experience
Five types of base currencies with negative balance protection
Regulated by FCA, CySEC, CIMA, DFSA, as well as licensed by MiFID
All trading strategies allowed
Simple trading accounts accessible via MT4 and MT5 trading platforms
Instant deposits and withdrawals free of charge
Fixed and floating spreads as low as 0.2 pips
Special privileges, including VIP accounts program
Floating leverage up to 1:500
Multilingual customer support available 24/5
Other trusted Forex brokers in Malaysia
FBS Malaysia
FXTM Malaysia
XM Malaysia
OctaFx Malaysia
RoboForex Malaysia
OctaFx Malaysia