Registered in	United Kingdom
Regulatory status	FCA of the United Kingdom, CYSEC of Cyprus and CIMA of the Cayman Islands
Year(s) of incorporation	more than 40 years
Market instruments	more than 40 currency pairs, precious metals, commodities, indices, stocks and cryptocurrencies
Minimum initial deposit	$100 y $200
Maximum leverage	1:500
Minimum spread	From 0.1 pips
Trading platform	MT4, MT5
Deposit and withdrawal methods	bank transfers, credit and debit cards, Neteller, Skrill, perfect Money, etc.
Customer Service	E-mail/phone number
Fraud allegations	Not yet

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of HYCM

Pros:

• - Wide range of financial instruments available for trading.

• - MT4 and MT5 trading platforms available, as well as a proprietary platform called PrimeTrader.

• - A free demo account is available for traders to practice without risking their real money.

• - Multilingual customer service available 24 hours a day, 5 days a week.

• - HYCM offers an Islamic account for traders who require an interest-free account.

• - Regulation by the FCA of the United Kingdom, CYSEC of Cyprus and CIMA of the Cayman Islands.

Cons:

• - The minimum deposit of $100 may be high for some traders.

• - The company does not accept traders from the United States.

HYCM General Information and Regulation

Advantages	Disadvantages
Registered and regulated by the FCA of the United Kingdom, CYSEC of Cyprus and CIMA of the Cayman Islands.	Registration and regulation in multiple jurisdictions can increase compliance complexity and costs
A track record of more than 40 years on the market	Traders may prefer brokers that focus exclusively on the foreign exchange market, rather than offering a range of financial products.
FCA and CYSEC regulation provides additional investor protection	Regulation does not guarantee security of funds and traders must do their own due diligence
Compliance with regulatory requirements can increase transparency and accountability	Regulation may limit certain operations and trading strategies

HYCM is a UK-registered forex broker and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities Commission (CYSEC) and the Cayman Islands Monetary Authority (CIMA). With a track record of over 40 years in the market, HYCM has established itself as a leading broker in the foreign exchange trading industry.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

Regulators

HYCM is regulated by three major financial regulatory bodies: the Financial Conduct Authority (FCA) of the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC) and the Cayman Islands Monetary Authority (CIMA). They are all globally recognized regulators and have a high reputation in the financial industry. The FCA is known to be one of the strictest and most demanding regulators in the world, and its regulation is considered to be one of the most rigorous and reliable in terms of customer protection. On the other hand, CySEC is the financial services regulatory authority in Cyprus, a country known for its attractive regulatory and tax environment for investment firms. And finally, CIMA is the financial regulator for the Cayman Islands, a British overseas territory. Together, these three regulations offer strong customer protection and increased security for financial transactions conducted through HYCM.

What type of broker is HYCM？

Advantages	Disadvantages
Offers more stable and fixed spreads	There may be a conflict of interest with customers
Can offer faster execution	Prices may be less transparent
Can provide greater flexibility in terms of leverage	There may be a risk of re-quoting
Can offer protection against market volatility	There may be limitations in the trading strategy
Offers a non-dealing desk account (Dealing Desk)	Prices may not reflect the true market

HYCM is a Forex and CFD (Contracts for Difference) broker that offers access to a wide variety of financial markets through its online trading platform. As a broker, HYCM acts as an intermediary between its clients and the financial markets, allowing traders to buy and sell financial instruments without having to physically own them.

HYCM operates under a Dealing Desk, which means that bid and ask prices are set by the company itself. This can be beneficial for traders looking for more stable and fixed spreads, but it also means that HYCM may have a conflict of interest with its clients. To mitigate this risk, HYCM offers a Dealing Desk trading account, which allows traders to trade at direct market prices.

Market instruments

HYCM offers its clients a wide variety of trading instruments, which means that traders can trade in different markets and have a greater diversification of their portfolios. In terms of currency pairs, HYCM offers a selection of the major and most popular pairs, such as EUR/USD, USD/JPY, GBP/USD, and many others. In addition, traders can also trade a variety of precious metals, such as gold and silver, and commodities such as crude oil. A selection of indices is also offered, including the S&P 500, the FTSE 100 and the Nikkei 225. HYCM also offers its clients the possibility to trade stocks of some of the world's largest companies, such as Apple, Microsoft and Amazon. Finally, HYCM offers the option to trade cryptocurrencies, including Bitcoin, Ethereum and Litecoin. This means that traders can have access to some of the most volatile and exciting markets in the world, which can provide unique trading opportunities and potential profits.

Spreads and commissions for trading with HYCM

1. HYCM charges variable spreads for its operations, which vary according to the type of account and trading instruments.

2. HYCM charges an inactivity fee of $10 per month after 3 months of account inactivity.

3. HYCM charges a commission of $4 per side for raw account transactions.

Trading accounts available at HYCM

Advantages	Disadvantages
Fixed Account: Offers floating spreads from 1.5 pips and does not charge commissions.	Spreads are less tight compared to the Raw account.
Classic account: Offers spreads from 1.2 pips and does not charge commissions.	Spreads are less tight compared to the Raw account.
Raw account: Offers spreads starting from 0.1 pips and charges a commission of $4 per lot traded.	It has a minimum deposit of $200, which can be inconvenient for traders who want to start with less capital. In addition, the commission can increase trading costs.
Free demo account: Allows traders to practice and familiarize themselves with the trading platform before investing their real money.	There is no real risk involved in the demo account, which can make traders overconfident when trading with a live account.

HYCM offers three types of trading accounts, with a minimum deposit of $100 for the classic/fixed account and $200 for the raw account. The available accounts are:

Fixed account: the Fixed account offers floating spreads starting from 1.5 pips, Min. position volume of 0.01 lot and allows trading more than 300 financial instruments, including currencies, commodities, indices and cryptocurrencies. In addition, a free demo account is offered for practice and learning, as well as an Islamic account.

Classic account: the classic account offers spreads starting from 1.2 pips and a commission of $0 per lot traded. The min. position volume is 0.01 lot and also allows trading of more than 300 financial instruments.

Raw account: the raw account offers spreads starting from 0.1 pips and a commission of $4 per lot traded. The main difference between the raw account and other accounts is that it has a minimum deposit of $200.

HYCM is also proud to offer a free demo account, allowing traders to practice and familiarize themselves with the trading platform before investing their real money.

Operating platform offered by HYCM

HYCM's MT4 platform is one of the most popular and widely used in the world of online trading, with a large user base worldwide. With this platform, traders can access multiple technical analysis tools, customizable charts, technical indicators and expert advisors (EAs). In addition, traders can use the backtesting function to evaluate the effectiveness of their trading strategies and adjust them as needed.

On the other hand, HYCM also offers the MT5 platform for those who are looking for a more advanced trading platform. The MT5 platform is an enhanced version of MT4, with more advanced tools and features. The MT5 platform also offers the hedging function, which means that traders can simultaneously open long and short positions on the same instrument, which can be useful in certain trading strategies. In addition, MT5 also allows traders to access more markets and types of financial assets, including futures and options.

HYCM maximum leverage

Advantages	Disadvantages
Possibility of significantly increasing the potential benefits	Increased risk of loss
Allows trading with a position of up to 500 times the initial capital.	Trading with high leverage can lead to rapid loss of funds
It can be useful for experienced traders with well-defined strategies.	Can be dangerous for inexperienced traders or traders who do not manage risk well.
Allows access to more markets and trading opportunities	It can generate a false sense of confidence and lead to over-operating.
Allows trading large volumes with little capital	Good market knowledge and risk management are necessary for successful trading.

HYCM offers a maximum leverage of 1:500 for currencies, which means that traders can trade with a position of up to 500 times their initial capital. This can significantly increase potential profits, but also increases the risk of losses.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Wide variety of deposit and withdrawal options	Withdrawal processing times may vary depending on the payment method and the trader's banking institution.
Low minimum deposit amount
No deposit or withdrawal fees
Fast processing of withdrawal requests

HYCM offers a wide variety of deposit and withdrawal options, making it easy and convenient for traders to deposit and withdraw funds. Traders can make deposits using a variety of methods, including bank transfers, credit and debit cards, popular e-wallets such as Neteller and Skrill, and other online payment methods such as Perfect Money.

The minimum deposit amount is only $20, which is an advantage for those who wish to try HYCM without having to deposit large sums of money. In addition, HYCM does not charge any deposit fees, which means that traders can deposit any amount they wish without worrying about additional charges.

When it comes to withdrawals, HYCM processes withdrawal requests within 24 hours for some payment methods, which is a fast processing time compared to other brokers. Traders can withdraw funds using the same payment methods used to make deposits. There are no withdrawal fees at HYCM, which means that traders can withdraw their profits without having to worry about additional costs.

It is important to note that withdrawal processing times may vary depending on the payment method and the trader's banking institution. HYCM strives to process all withdrawal requests as quickly as possible, but there are factors beyond its control that may affect processing time. Overall, HYCM offers a wide variety of deposit and withdrawal options, as well as fast processing times and no additional fees, making it an excellent choice for traders looking for a reliable and convenient broker.

Education at HYCM

One of the additional advantages of HYCM is that it offers a wide range of educational tools to help traders improve their trading knowledge and skills. This includes live webinars, online seminars, trading guides, video tutorials and much more. HYCM is committed to helping its traders achieve their trading goals and maximize their earning potential.

HYCM Customer Service

HYCM offers 24/5 customer support in several languages, including English, Spanish, German, French and several other languages. Traders can contact the support team by phone, email and live chat. They also have a FAQ section on their website to help traders find answers to common questions.

E-mail: support@hycm.com

Conclusion

Overall, HYCM is a reliable and well-regulated forex broker that offers a wide range of trading instruments and trading platforms. With its focus on transparency and security of client funds, HYCM is an excellent choice for traders of all experience levels. In addition, its wide range of educational resources and exceptional customer service make HYCM an excellent choice for traders looking to improve their skills and knowledge in the Forex market.

Frequently asked questions about HYCM

Question: Does HYCM offer a demo account？

Answer: Yes, HYCM offers a free demo account for traders to test the platform and practice their trading strategies without risking their own money.

Question: What is the minimum deposit to open an account in HYCM？

Answer: The minimum deposit to open an account in HYCM is $100 USD.

Question: What trading platforms does HYCM offer？

Answer: HYCM offers a variety of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Question: Does HYCM offer leverage？

Answer: Yes, HYCM offers leverage for traders. The maximum leverage offered depends on the trading instrument and country regulation.

Question: Does HYCM charge transaction fees？

Answer: On classic and fixed accounts, HYCM charges a spread fee for its trades, which means that it does not charge commissions per trade. But on the raw account there is a commission.

Question: Does HYCM offer educational resources for traders？

Answer: Yes, HYCM offers a wide range of educational resources for traders, including trading courses, live webinars, educational articles and trading strategies on its website.

Question: Is HYCM regulated？

Answer: Yes, HYCM is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CYSEC) and the Cayman Islands Monetary Authority (CIMA).

Note: This company has been voluntarily dissolved.

Aspect	Information
Company Name	AGEA
Registered Country/Area	Montenegro
Years	5-10 years
Regulation	Unregulated
Market Instruments	CFD
Account Types	Standard and Cent
Minimum Deposit	USD 100
Maximum Leverage	1:100
Trading Platforms	Streamster and MetaTrader 4
Customer Support	Live Support, Phone: +382 (20)664-320 and +382(20)664-320, and Email: support@agea.com
Deposit & Withdrawal	Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods (Sofort Banking (Germany) and iDEAL (Netherlands))
Educational Resources	Latest News

Overview of AGEA

AGEA, a financial services company, has been operating in the trading industry for 5-10 years. Based in Montenegro, the company provides trading opportunities primarily through Contracts for Difference (CFDs). Despite its years in the industry, AGEA operates in an unregulated environment, meaning it may not be subject to oversight by financial regulatory authorities.

Traders can choose between two types of trading accounts: Standard and Cent. With a minimum deposit requirement of USD 100. The company offers a maximum leverage of 1:100.

AGEA provides traders with two trading platforms: Streamster and MetaTrader 4. Additionally, traders can access live support for real-time assistance with any inquiries or issues they may encounter.

In terms of funding options, AGEA supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods such as Sofort Banking (Germany) and iDEAL (Netherlands).

For educational resources, AGEA provides the latest news to keep traders informed about market developments and trends.

Regulatory Status

AGEA operates as an unregulated trading platform. Unregulated financial institutions are not bound by the rules and regulations designed to protect consumers' interests. This leaves customers vulnerable to various risks such as fraud, mismanagement of funds, and unfair treatment.

Pros and Cons

Pros	Cons
Experienced Institution	Unregulated
Account Variety	Limited Educational Resources
Low Minimum Deposit	Higher Risk
Multiple Trading Platforms	Potential for Longer Dispute Resolution
Different Deposit/Withdrawal Options	Limited Market Instruments

Pros:

1. Experienced Institution: With 5-10 years of industry experience, AGEA brings a solid foundation and understanding of the trading landscape.

2. Account Variety: AGEA offers a variety of account types, including Standard and Cent accounts.

3. Low Minimum Deposit: The minimum deposit requirement of USD 100 makes trading accessible to individuals with varying capital sizes.

4. Multiple Trading Platforms: AGEA provides traders with a choice of trading platforms, including Streamster and MetaTrader 4.

5. Different Deposit/Withdrawal Options: AGEA supports various deposit and withdrawal methods, including Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods, providing flexibility and convenience to traders.

Cons:

1. Unregulated: One significant drawback of AGEA is its unregulated status, consumer protection and the security of funds may be concerning.

2. Limited Educational Resources: AGEA may lack comprehensive educational resources to help traders improve their skills and knowledge, potentially hindering traders' ability to make informed decisions.

3. Higher Risk: The unregulated nature of AGEA introduces a higher level of risk for traders, as there may be fewer safeguards in place to ensure the stability and security of the financial institution.

4. Potential for Longer Dispute Resolution: Resolving disputes with AGEA may be more challenging and time-consuming due to the lack of regulatory oversight, leading to delays and frustrations for traders seeking resolution.

5. Limited Market Instruments: While AGEA offers CFD trading across various asset classes, it may have fewer market instruments compared to some other brokers, limiting trading opportunities for certain traders.

Market Instruments

AGEA offers Contract for Difference (CFD) instruments as part of its market offerings. CFDs are derivative financial products that allow traders to speculate on the price movements of various underlying assets, without actually owning the assets themselves.

With CFDs, traders can take positions on a wide range of financial instruments, including currencies, indices, commodities, and cryptocurrencies. This flexibility enables traders to diversify their portfolios and capitalize on market opportunities across different asset classes.

Account Types

AGEA offers two distinct account types: Standard and Cent.

For the Standard account, the minimum balance requirement is set at USD 100, ensuring accessibility for traders with varying capital levels. On the other hand, the Cent account presents a lower entry point with balances ranging from USD 6 to 5,000, ideal for those starting with smaller amounts.

Both account types share identical leverage options, ranging from 1:1 to 1:100, initially set at 1:100. This flexibility allows traders to adjust their positions relative to their capital, amplifying their potential gains or losses accordingly.

Neither account type imposes commissions, providing traders with a cost-effective trading environment. Additionally, trade sizes are consistent across both accounts, ranging from 1,000 to 100,000 units, enabling traders to execute trades according to their strategies and risk preferences.

Account Type	Standard	Cent
Balance Limits	Minimum USD 100	USD 6 - 5,000
Leverage	1:1 - 1:100 (initially 1:100)	1:1 - 1:100 (initially 1:100)
Commissions	None	None
Trade Sizes	1,000 - 100,000	1,000 - 100,000

How to Open an Account？

Opening an account with AGEA is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:

1. Visit the AGEA website and click “Open Account.”

2. Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.

3. Fund your account: AGEA offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.

4. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.

5. Start trading: Once your account is verified, you're ready to explore the AGEA trading platform and start making trades.

Service / Product Fees

1. Withdrawal by Wire Fee - $10.00: This fee is applicable when you make a withdrawal transaction through bank wire transfer. We charge $10.00 for each withdrawal processed via wire transfer.

2. Withdrawal by Electronic Money Fee - $7.00: For withdrawals processed through non-wire processors, such as electronic money services, we charge a fee of $7.00 per transaction.

3. Inactivity Fee (SUSPENDED) - $30.00 per Month: Please note that the Inactivity Fee of $30.00 per month, which applies for each 1-month period without account activity, is currently suspended. We'll notify you in advance if there are any changes to this policy.

Trading Platform

1. Streamster: Streamster is a user-friendly trading platform suitable for traders of all levels. Streamster stands out with its unique international multi-channel chat, allowing traders to discuss market trends and receive real-time customer support. It also seamlessly integrates live and virtual trading desks within a single account, ensuring consistency between demo and live trading experiences. With no balance limits or commissions, Streamster covers Crypto, Currency, Index, and Commodity CFDs, operating from Sunday 22:15 to Friday 21:00 GMT, and offers leverage ranging from 1:10 to 1:100.

2. MetaTrader 4 (MT4): MetaTrader 4 (MT4) is a customizable trading platform designed for proficient traders. It provides tools for price analysis, trade execution, and automated trading through Expert Advisors (EAs). MT4 offers various chart timeframes and built-in indicators for technical analysis. With its proprietary programming language, MQL4, traders can develop custom EAs tailored to their strategies. Supporting currency, index, and commodity CFDs, MT4 operates within the same trading hours as Streamster. Margin interest, execution types, and position limits vary between standard and cent accounts on MT4, providing flexibility for traders with different risk levels. Additionally, MT4 supports multiple account currencies, enhancing accessibility for global traders.

Deposit & Withdrawal

AGEA offers a range of deposit and withdrawal options including Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods such as Sofort Banking (Germany) and iDEAL (Netherlands).

1. Bank Wire Transfer: Traders can securely transfer funds to and from their AGEA accounts using bank wire transfers, providing a traditional and reliable method for depositing and withdrawing funds.

2. Credit/Debit Cards: AGEA accepts major credit and debit cards, offering a convenient and widely used method for instant deposits and withdrawals, facilitating seamless transactions for traders.

3. E-wallets: Traders can utilize various e-wallet services to deposit and withdraw funds from their AGEA accounts, providing a fast, secure, and convenient payment solution for managing their trading accounts.

4. Local Payment Methods (Sofort Banking and iDEAL): AGEA supports local payment methods such as Sofort Banking (Germany) and iDEAL (Netherlands).

Customer Support

Customer support at AGEA is comprehensive and easily accessible, ensuring traders receive assistance whenever needed.

Live Support: Traders can engage with AGEA's support team in real-time through the Live Support feature, allowing for immediate assistance with any inquiries or issues.

Phone Support: AGEA provides phone support through two contact numbers: +382 (20)664-320 and +382(20)664-320. Traders can directly reach out to speak with a representative for personalized assistance.

Email Support: For non-urgent inquiries or detailed requests, traders can contact AGEA's support team via email at support@agea.com. This allows for thorough communication and resolution of queries.

Educational Resources

AGEA offers valuable educational resources through its Latest News section, keeping traders informed about important developments and events. This section provides updates on various company announcements and actions, including notices to shareholders, invitations to general meetings, updates on voluntary dissolution procedures, and more.

By staying updated with the Latest News, traders can gain insights into the company's operations, corporate decisions, and regulatory compliance. This information can help traders make informed decisions and stay ahead of market trends.

Here are some examples of educational resources provided by AGEA through its Latest News section:

1. Notice to Shareholders on the Payment of Dividends: Traders can learn about dividend payments and their impact on the company's financial performance.

2. Invitation to General Meetings: Traders can stay informed about upcoming general meetings and participate in discussions regarding company matters.

3. Update on Voluntary Dissolution: Traders can understand the implications of voluntary dissolution procedures and how they may affect the company's future operations.

Conclusion

In conclusion, AGEA has its ups and downs:

On the positive side, AGEA has solid experience in trading, offering various account types and a low minimum deposit of USD 100, making it accessible to traders.

But there are drawbacks to consider. AGEA operates without regulation, which might worry some traders about the safety of their funds. Plus, their educational resources are limited, which could affect traders' success. The lack of regulation also means there's more risk involved, and resolving disputes may take longer.

FAQs

Question: What documents do I need to provide to verify my account？

Answer: To verify your account, you'll need to provide a copy of your identification document (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).

Question: What trading platforms does AGEA offer？

Answer: AGEA offers two main trading platforms: Streamster and MetaTrader 4 (MT4). Streamster is user-friendly and suitable for traders of all levels, while MT4 is more advanced and customizable, ideal for experienced traders.

Question: How can I deposit funds into my AGEA account？

Answer: You can deposit funds into your AGEA account using various methods, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods such as Sofort Banking and iDEAL.

Question: What is the minimum deposit required to open an account？

Answer: The minimum deposit required to open an account with AGEA is USD 100. This ensures accessibility for traders with varying capital levels.

Question: Does AGEA offer educational resources for traders？

Answer: Yes, AGEA provides educational resources to help traders improve their skills and knowledge. These resources include articles, tutorials, webinars, and market analysis tools.

Question: How can I contact AGEA's customer support？

Answer: You can contact AGEA's customer support team through live chat, phone (+382 (20)664-320), or email (support@agea.com). Our support team is available to assist you with any inquiries or issues you may have.