HYCM Review is Henyep Capital Markets a Scam or Legit Broker

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Investous review

Minimum deposit

Bonus

Maximum leverage

Year founded

Regulation

Trading platform

This is not a verified broker!

We do not recommend you trading with this broker. Its regulation and reputation is doubtful.

Investous is an interesting website – a glossy, overproduced piece of media bound to impress you if you are looking for a Forex Broker to start trading with. On the other hand, this type of overproduction brings us to the question: is Investous legit? Yet, no matter how impressive it is, there are telltale signs that the broker might not be as honest as the glossy cover page is telling you. It is our habit to look beyond what people want us to see, and in this case, we saw something that is dangerously reminiscent of a scam.

Investous review: on the surface

When first going to the website presenting Investous, we are showered with a comforting wall of information that seems beautiful, but really isn’t that telling of what the company has to offer. The first red flag I get is the fact that looking them up brings up no opinions about them by anyone, at all. A lack of Investous reviews is a dangerous sign that thins might not be all as they should be. Though this might not be the biggest problem. Let us look at their website.

Simply looking at the front page will make probably make you feel like that this could be the broker for you. Well, think about it, is there really any useful information other than the general ideas and thoughts about the platform? Yes, there might be a video at the bottom giving you a seemingly daily update on the state of the market, but this information isn’t new and it doesn’t provide you with anything that you wouldn’t already know if you were trading on a daily basis. It also was only started four days before this review was written, which does not grant the daily updates much of a record for trustworthiness. They offer general info and give you a false idea that they have won one award or another. Spoiler alert: they haven’t and this Investous review is here to show you why.

The main page offers navigation to the education page they have provided. While this is a step up from the usual scam broker decision to not educate their users, this broker only goes so far. Investous provides only brief definitions for some of the industry lingo, as well as brief summaries of a few very large concepts that would require pages upon pages of talking about. They only provide two strategies that you could use to trade with, while those knowledgeable about the industry will know there are way more than just two. They also give you access to web animated lessons that are short, barely informative and give you little knowledge yet look good in the browser. The Investous scam is using a typical scam broker approach – make everything look good, but very little effort into making it actually good.

Investous fraud account types

Investous seems to offer four account types: basic, silver, gold and platinum. Gold holds some serious advantages against the two lower-tier options, while Platinum barely offers any advantage to the Gold option. The website also tries really hard to make sure you take a good look at the gold option and end up buying it, even going as far as to suggest that you “pick this one”. I am always suspicious of companies pushing a single product onto me, especially when they seemingly offer such variety in their products. The gold also seems to be their most popular product, even though it offers private consultations with a senior manager, which would be really hard to do if the manager was actually at senior level. This makes the entire thing even more suspicious.

Something else that makes me suspicious and makes the Investous rating lower in my opinion, is the mysterious Diamond Account mentioned in their “withdrawal charges” section, which is never seen mentioned anywhere else. A sign that the scammers are not as adept at what they are doing as they thought, while also copy pasting some data from other websites.

Not the winners

If you scroll down a little on the website for the company, you will see that Investous claims that it has been awarded a couple of 2020 awards from Forex Awards. At the point of writing this review, Forex Awards has yet to publish anything regarding the 2020 awards, with 2020 awards being the highlights on the page. This is the most obvious lie they have on this website. And if you lie about one thing, how trustworthy are you really? Can Investous be trusted? My answer is: not at all. Especially if you are dealing with my money.

Investous.com review summary

So that’s the conclusion. It lies to you about its awards, misinforms you about all of the available account types and pretends to educate you while giving you barely any info. Contacting them is also pretty hard – while they do have a char support system, they do not seem to reply, ever. The conclusion? Avoid Investous like the plague!

This is not a verified broker!

We do not recommend you trading with this broker. Its regulation and reputation is doubtful.

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Read our HYCM Review and Discover the Merits of Choosing a Forex Broker with more than 3 Decades of Experience.

HYCM.com, formerly known as HY Markets, is a member of the Henyep Group, an international conglomerate with more than 30 years’ experience in providing financial services. Choosing this broker guarantees peace of mind, as they have an international reputation for reliability and trustworthiness. Finding a Forex broker with such an enviable pedigree is definitely going to be advantageous. If you want to know more about their service keep reading this HYCM review.

  • 10% Credit Bonus on your first deposit
  • Max Leverage: 1:200
  • Spread: 1.8
  • Forex Licences: FCA, FSCS

An introduction to HYCM

HYCM has its base in London, but is also represented in a number of other countries including Hong Kong, Cyprus, Kuwait, and the United Arab Emirates. The list of its regulatory compliances is pretty impressive, with licences issued by the FCA in the UK, the SFC in Hong Kong, and the DFSA in Dubai. By virtue of their compliance with MiFID, they are also authorised to operate throughout Europe. HYCM is able to offer traders a wealth of trading opportunities, from stock and commodities to a long list of currency pairs. Both novice and more experienced traders can benefit from the services of such a market leader. With sections of the site dedicated to trader education, a selection of account types, segregated accounts, excellent customer service, a selection of MT4 trading platforms, low spreads, and much more, there is bound to be something for everyone.

HYCM have a proprietary platform as well as MetaTrader 4.

Wherever you might be located, and whatever time it is, HYCM has a trading platform to suit your needs. There is the usual MetaTrader 4 family of offerings, as well as a brand new proprietary platform called “Prime Trader”. And for those who prefer to trade on the move, HYCM mobile apps are compatible with any mobile or tablet device. A number of innovative trading tools have also been developed, as well as some special features and widgets that are easily accessible through any of the platforms.

Three different account types to choose from, but unfortunately no demo account.

To suit the needs of a broad range of traders, there are currently three different account types to choose from. The lack of a demo account is a little disappointing, but the low minimum deposit means you shouldn’t have to risk too much real money in order to start trading. The three accounts to choose from are as follows:
Micro account

  • Minimum deposit $100
  • 50 tradeable products
  • Minimum order size 0.01 lots
  • Leverage up to 200:1
  • Minimum fixed spread 1.8 pips
  • Trading signals available
  • Mobile trading supported
  • Islamic account an option

Standard account

  • Minimum deposit $1,000
  • 120 tradeable products
  • Minimum order size 0.01 lots
  • Leverage up to 200:1
  • Minimum fixed spreads 1.5 pips
  • Trading signals available
  • Mobile trading supported
  • Islamic account an option

VIP account

  • Minimum deposit $10,000
  • 120 tradeable products
  • Minimum order size 0.01 lots
  • Leverage up to 200:1
  • Minimum fixed spreads 1.5 pips
  • Trading signals available
  • Mobile trading supported
  • Islamic account an option

HYCM accepts a number of different payment methods including Visa and Mastercard, WebMoney, wire transfer and a number of other local payment methods. Only USD and EUR are accepted as base currencies. No fees are charged by HYCM for either deposits or withdrawals, but there are minimum requirements. All banking operations are safe and secure as their servers are encrypted with 128-bit keys, and personal and account information is encrypted using VeriSign-issued 128-bit-SSL certificates.

Such a prestigious history means there is little call for fancy bonuses.

The long-standing reputation of the Henyep Group means that HYCM has little need to attract new clients with dazzling promotions and special offers. It is, however, committed to rewarding loyal clients. Become a member of the HYCM Loyalty Program and you become entitled to an exclusive rebate of up to $3 for every lot traded, which is deposited straight into your trading account on a monthly basis. There are three tiers: Silver, Gold, and Platinum, each with a required number of lots to be maintained, but you do have to keep trading in order to qualify. Further details are available on the HYCM site.

We should also mention the Refer-a Friend programme, which gives traders the opportunity to earn up to $250. As soon as the referral becomes an active customer, makes their deposit and begins trading, the referral reward is credited to your account. However, this reward is for trading purposes only.

Only the best customer support for HYCM traders

HYCM has a reputation for professionalism and excellence, and this is certainly not lacking in the area of customer service. The customer contact centre is open from 23.00 on Sundays right through to 21.00 on Fridays, which means there is always someone to help when needed. There are a number of ways to get in touch, including a number of head office email addresses, a telephone call centre, and the very helpful live chat option, for when an immediate response if required.

As well as taking care of customer problems, HYCM also believe in educating their clients, and to this end there is a great variety of online videos and eBooks available. Subjects covered include the very basic as well as more complex topics such as capital management trading psychology, market analysis, and trading strategies. Also included is a helpful guide to the MetaTrader 4 trading platform.

If it’s a reputable and trustworthy broker you’re looking for you can’t go far wrong if you choose HYCM. They are fully licensed and regulated, which means that your financial and personal details are secure. Using MT4 as one of their trading platforms makes HYCM a sensible choice, whether you are a newcomer to the world of Forex trading or a more experienced trader. Customer service is much better than average, and the educational material available only adds to the experience. The lack of a demo account shouldn’t put many people off, as the low minimum deposit requirement means that new traders aren’t likely to get their fingers burnt.

HYCM Reviews and Comments 2020

I made an account with HYCM and realized it wasn’t the platform for me. I didn’t make a single purchase and put in a request to withdraw my funds of $2,000 CAD. I have been waiting to have my money returned to me since February 28th. I have sent countless emails and received very little communication. This company is a complete scam and to not refund someone’s money, is completely unethical.

Why do they have that many regulations? Isn’t just one good one enough? Why didn’t nthey stop with CySEC or Britiish regulator. Finally, are all these licenses that they post on their official website real?

HYCM’s competence leaves no doubt, this is after the second time I withdraw profit. before that I had some doubts, despite the fact that there was positive feedback about the broker, it still didn’t help me to cope with anxiety caused by the fear of losing my investment and earnings.

I’ve never regretted that I chose HYCM, I was always pleased with the profit, for several years of trading I managed to set a personal record and if I add up all my withdrawals, it turns out that I brought out several of my deposits. sensible guys work here, I’m talking about tech support. Appealed more than once, all like clockwork, issues were resolved instantly and professionally. Well done!

Most traders lose their deposit due to hastily opened transactions, the reason for which is impatience, because the most difficult thing is to wait for an obvious signal to open a position. At the beginning of my path as a trader, I came across this problem every time I opened a terminal. It is this impatience that can drain your deposit, so do not do it. From the broker, in fact, not much is needed to trade, the rest is up to the trader. The most important thing is that if the execution is perfect, as in HYCM, then there is no reason to worry at all. I have been trading for a long time, so I can’t say that the rush here is generally inappropriate. For example, this month I close with a profit of 22% of my deposit. And how much I like that the broker withdraws even more than $1000 easily and in future trading the broker will not spoil your life, it is very honorable.

For the year that I’ve been tradung with the company, very big changes did not happen. Someone says that the company is not developing, but I do not agree. The company still keeps the brand and I really like it. The ability to look worthy against the background of competitors, and there are a lot of them in this area and the most different with different offers, you need to be able to. It’s not even easy to be able to, but to work all the time on service, quality, and problems. This is development. Maybe they don’t work so hard on the advertising company, but everything about the service – they have a solid 10 out of 10.

Hello! I want to leave a review about HYCM! Well, this broker, of course, did not conquer me right away, some time passed and I began to notice the clarity of execution, although slippage and requotes are also present, but the execution is really high-quality, fast and uninterrupted. Then, after a while, he began to output a little bit. First, a hundred, then a few hundred, and there thousands have already gone and with different intervals I withdraw, but always the money comes clearly on time. And now the question is: what else does a trader need for comfortable trading? Personally, I would also put emphasis on the service, which is at a good level in HYCM, but my friends, traders believe that high-quality execution and withdrawal guarantees are quite enough for a good and comfortable trading. Everything else depends on the trader and on his desire to learn and work. And that also makes sense.

I’ve been choosing a broker for quite long time. As a result, I chose HYCM. I liked the conditions that they provide – an easy-to-understand trading agreement, a trading terminal that does not hang and there is also no fee for withdrawing funds, a wide range of trading tools. I like trading commodities and stocks. Already brought a profit of $ 560 dollars and this is for 1 month of work. Now I am confident that the time I spent searching for a good forex brokerage company was not in vain.

In short, HYCM is a broker whose reality meets expectations. Well, if a person, of course, is not a dreamer and does not dream of getting rich in one day. HYCM offers what it does: analytics means analytics, leverage means leverage, flexible conditions means truly flexible. I’ve been there for three years, moved from a second-tier broker with a bunch of problems and the threat of a bankrupt at any moment. It was just heaven and earth, just everything – from the office and the application to analytics, which is really top in HYCM.

For me best brokers that really follow the standard withdrawals duration are XM, HF, FBS and the Octafx. I traded them for almost 2 years already. Nichol

I started stocks and forex trading for almost 2 years now. Hycm is my latest broker when my I started 200usd account I withdrew my initial profit for a couple of days but when my account increased to 500usd my withdrawal did not credit to my bank account. There support team sent ARN’s but still my withdrawal still unserved and the waiting period already lapsed. There adviced is to verify my bank but I used the bank account on my online transactions such as forex and etc. with no encountered problem contrary to the scenario now. I have no choice is to verify my bank personally if have time and I know this is a very tedious to the bank side to verify ARN’s. As of now this is my very disgusting experienced hoping this will be resolved asap. Nichol

HYCM is a very good broker. It has long been c trading with them. My deposit is not the smallest, but not the largest. Convenient replenishment / withdrawal. A very wide range of terminals, performance is normal, without glitches and freezes. All that I earn they derive me without question. Fast execution, requote has never caught. Good spread, fast withdrawal. Personally, I am lucky with HYCM, it is very comfortable to work. A normal company that does not create problems for its customers, the main thing is that you yourself understand what to do. With the knowledge and your working strategy, you can work and earn money. Profit withdrawal without problems.

Trading in the last decade as I can see is in fashion, and almost every third trades in one or another company. So I decided to keep up with the trends and also decided to open an account with a forex broker – HYCM. As a result, I have been trading with this broker for several years. With the withdrawal of funds problems have never arisen, everything is very fast and transparent. Customer support can deal with some non-standard situations. Now I am considering opening additional accounts with other brokers. Some competitors have better conditions, now I decide whether I will switch to another broker partly, but in any case I will leave an additional account with HYCM.

The bulk of brokerage companies have a solid regulation on paper, but in reality it does not. They find all sorts of loopholes in the contract or just foolishly fool customers. Really, honest brokerage companies can be counted on the fingers of one hand. These several brokers include HYCM, in which I hurried to open an account almost immediately I stuck on them. I deposited the account, then withdrew everything, then replenished again and withdrew again. I haven’t traded really much yet, because I was more focused on reliability testing. But since last month I started enjoying the trading. I must say that the execution is just instant. I haven’t seen anything like this for a long time and was impressed, so I decided to write about it.

I have long been trading with this broker, I am satisfied with everything and in principle I am not going to change HYCM for some another broker. They give access to Metatrader 5. The best though is probably the only platform for high-quality trading where everything necessary is there. It operates without failures, the speed of opening and closing orders is excellent, technically modern and at the same time the platforms remains understandable. Having a minimal experience of trading, you will quickly understand its options. In the extreme case, you can run a demo account and explore the functionality in practical conditions, but without risking money. In the rest, there is an opportunity to perform comprehensive analytics, a lot of technical analysis tools.

I want to learn how to trade, can someone help out?

Am struggling on downloading my MT4 demo account

They are bunch of crooks, 25 days waiting for the transfer which they claim they did. Thats just because i made money and want to withdraw all

I ve just received the 50 euros via neteller. Maybe they cannot proceed skrill withdrawal

they are not returning me via skrill (the deposit was sktill also) the almost 50 euro saying that they cannot proceed the withdrawal. i m waiting 15 days

I like the daily analysis news feed provided by the broker. Very helpful for trading on the news.

Good performance, a platform without lags, terms of trade are also quite acceptable. Pleases a large number of trading tools. I also like their analyst. A good channel with the most relevant news. There are many ways of replenishment and withdrawal. In general, I have not found any special problems yet.

good conditions, good work, fast execution but there are some disadvantages comparing with others, good and stable, well known also but not the best

Since I’m still new to the financial markets, I need more insights that can help me to make a decision whether to buy or to sell. In their website, they provide brief market review from their experts which is really helpful to help me making my own decision in several currency pairs.

Trading with HYCM is unexpectedly easy and stable. There are different plans with different trading conditions with various amounts to deposit and trading platforms to use. Here you can count on relatively low spreads.

i use hycm for 1.5 years, I saw the review on the smartlab, and began to read, eventually opened the account. my profit on average 30-40% per month with pairs and stocks

They work well so there is nothing to blame. Almost two years of trading here without problems on execution of orders and deduction of money from the account. I think quite a long time so that you can trust them. Here it is still worth considering that they have been more than two decades in the market. Worthy of respect!

great thanks HYCM for a wide diversity of different instruments. i’ve chosen metals and trading result is succesfull enough. i havent lost anything and even earned some money. i dont have much experience but the conditions are really good. they give bonuses – thats really nice of them. what else, very fast withdrawals, withing 48 hours – really. i adore this company and will try working with smth brand new for me, because they have a lot of studing. thanks again!

Dear Ali, Thank you for such a positive review! We are happy to hear you are having a positive experience with HYCM! If there is something we can help you with please reach out to [email protected] Best regards, HYCM Team

HYCM Team 17 April, 2020

i really like HYCM! they are my first company and im just in love with them. it has very useful things like news and signals, wide range of instruments and lots of studing materials for those who dont know what to start with. like i used to be.. now i work with real account and the income is not so big that i expected but it is good for start. btw, it is better than to work on somebody.

I’ve improved my capital for about in 3 times in half a year. started with 250$. that makes me very satisfied. i’ve started working with them because they have a good brand name so it was a good decision. they have a check procedure when you send them a registration form, the support is good, the broker is stable and honest. i love it

Dear Lex, Thank you for your feedback! We are glad you are having a positive experience with HYCM! If there is something we can help you with please reach out to [email protected] Best regards, HYCM Team

HYCM Team 17 April, 2020

Comments and reviews about forex trading can be found on multiple web resources, and their diversity indicates that forex market is complicated and implies a lot of risk.

Some people believe that real traders’ reviews can hardly be found online, as most of the published statements are either libeling the broker’s competitors or aiming at raising popularity of certain companies. Sad but true – this really may happen, as some not too scrupulous companies do promote themselves this way.

This section is addressed to the traders who seek completely objective and truthful information about the forex market. Of course, no one can guarantee that each review is realistic and impartial, but we continuously monitor the published content and believe it is useful for both forex novices and professional traders.

Reviews about HY Markets that you will find here are of different kind – some of them are positive, some are emotional or even rampant: our site visitors are free in expressing themselves when discussing various issues related to HY Markets performance. You can disprove somebody else’s viewpoint or support it: whether to trade with this company or not, this is what each trader decides for himself. It is impossible to guarantee that any company’s operational work will be the same as was described in the clients’ comments.

Does the broker really care for the clients’ needs? Is their response to the clients’ claims efficient? Are trading conditions profitable? Are there any covert issues that peep up only after the contract with the broker has been signed? Reviews about HY Markets help to get the general idea about the broker’s performance.

HYCM is online trading division of Henyep Capital Markets, which is a major investment company established in 1977. The company’s headquarters are located in London, United Kingdom. The Henyep Capital Markets activities are regulated by such financial regulators as FCA, MiFID, DFSA and SFC.

Regulation: CySEC, FCA, MiFID, DFSA, SFC

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