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    HYCM:HYCM (UK) is a wholly-owned subsidiary of the Hang Seng Group, based in London, UK, to provide investors with trading services in energy, metals, agricultural commodities, and indices. The broker currently holds a full license from the UK Financial Conduct Authority, an STP license from the Cyprus Securities and Investments Commission, and a general financial license from the Cayman Islands Monetary Authority.

    Abstract:HYCM (UK) is a wholly-owned subsidiary of the Hang Seng Group, based in London, UK, to provide investors with trading services in energy, metals, agricultural commodities, and indices. The broker currently holds a full license from the UK Financial Conduct Authority, an STP license from the Cyprus Securities and Investments Commission, and a general financial license from the Cayman Islands Monetary Authority.

      General Information & Regulators of HYCM

      HYCM (UK) is a wholly-owned subsidiary of the Hang Seng Group, based in London, UK, to provide investors with trading services in energy, metals, agricultural commodities, and indices. The broker currently holds a full license from the UK Financial Conduct Authority, an STP license from the Cyprus Securities and Investments Commission, and a general financial license from the Cayman Islands Monetary Authority.

      Market Instruments

      HYCM (UK)'s equity products are traded as CFDs. The main index products are A50, Dow Jones, Global Stock Index, Hang Seng Index, CSI 300 Index.

      Minimum Deposit of HYCM

      Whether a beginner or a professional investor with years of trading experience, users can find a trading account type that meets their needs at the company. The company has set up three account options: the Fixed, the Classic and the Raw accounts. The Fixed and Classic accounts requires a minimum deposit of $100, and the Raw account needs a minimum deposit of $200. Additionally, there are also some limitations on deposit and withdraw funds via different payments methods, the minimum deposit through bank transfer from $250, and withdrawal via bank transfer from $300.

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      Leverage of HYCM

      Leverage level available depends on different assets, the maximum leverage for forex products 1:500, stocks 1:20, indices 1:200, commodities 1:133, last for major crypto currecies 1:20.

      Spreads & Commissions of HYCM

      Trading conditions depends on different account types, for example, EURUSD spread on the Fixed account 1.8 pips, on the Classic account 1.4 pips, while for the Raw account, the EURUSD spread is 0.2 pips plus a commission of $4 per round.

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      Trading Platform Applied

      HYCM offers its users the popular MT4 and MT5 trading platforms, which support both mobile and web versions.

      Deposit & Withdrawal of HYCM

      HYCM supports deposit and withdrawal methods by debit card (minimum deposit of USD 700), VISA/MASTERCARD credit card (minimum deposit of USD 700), and bank transfer (minimum deposit of USD 700), all without deposit fees. Debit card withdrawals with a minimum amount of $20 are subject to a $30 processing fee and take 3 to 5 business days to process. Credit card withdrawals are subject to a minimum amount of $20, a $0 or $30 processing fee, and a processing time of 3 to 5 business days. The minimum withdrawal amount is $300 by bank transfer, with a $0 or $30 processing fee and a processing time of 7 to 10 business days.

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