HYCM Trading Platform – Review, Top Features, Set-up Process, Benefits & more
Last Updated Date: Nov 17, 2022Check out all details about HYCM Trading Platform here. There are a lot of different trading platforms available in the market. It can be challenging to find one that can meet all your needs.
And a good trading platform is necessary to fulfill your financial goals. Making returns is not easy and requires the usage of all the right tools.
Here’s where the trading platforms of HYCM come into the picture. MetaTrader 4 and MetaTrader 5 are the most popular trading platforms in the world.
In this article, we will explore both of these platforms for HYCM.
About HYCM Trading Platform
MetaTrader 4 and MetaTrader 5 are the best platforms when it comes to forex and CFDs.
They both have a host of features that make them perfect for participants. They are world-leading platforms with millions of users.
MetaTrader 4 is more suited towards investors who trade in forex. It offers opportunities to investors of all skill levels through its many services.
It’s easy to use and even if you are a beginner, you can get started on this platform without any hassle.
MetaTrader 5 is more suited towards investors trading in different types of assets. It offers comprehensive tools and features that are powerful and impressive.
It’s the perfect platform especially for professionals and experienced traders.
On both platforms, the trading experience is smooth and enjoyable. The flexibility and wide range of tools offered make the platforms a must-have for all.
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HYCM Online Trading Platform – Top Features
The HYCM Trading Platform has a ton of features that make them the best in the market. They are safe and reliable and trusted by millions around the world.
They are jam-packed with specialized tools and extra services. These platforms make it easier for traders to make the right decisions in the market.
We’ll take a look at some of their features and see how they help you.
MetaTrader Analytics
Analytic functions of these platforms are one of their strong points.
MetaTrader 4 has an interactive chart with 9 timeframes. This allows you to respond quickly to any change in prices.
Also, 23 analytical objects and 30 built-in technical indicators make trading easier.
MetaTrader 5 offers fundamental analysis along with technical analysis. The data is original and covers all the essential information.
It also gives users an option to code their own custom indicators. Access to all this data allows traders to react timely in the market.
The MetaTrader Market
Both trading platforms have a built-in marketplace. Users can choose from thousands of trading robots or indicators.
These platforms are easy to add and use. They can help you in making your trading experience smoother and more successful.
Algorithmic Trading
Both platforms allow users to create their own trading robots.
The robots can carry out analysis and perform market operations on your behalf. In this way, you can automate your trading strategies.
This can save you lots of time and effort. In case you don’t want to program on your own, you can choose from a library of ready-made robots.
Financial news and alerts
The HYCM trading platforms give you the latest news so that you can make the right decisions. Also, Alerts notify you of important events.
All the data enables you to take the appropriate measures. Timely news can offer opportunities as well as save you from losing money.
How to Set-up HYCM Trading Terminal?
The process to get started with HYCM Trading Platform is as seamless as it can get. The platforms are accessible through the web on all browsers and operating systems.
They can also be downloaded on a desktop.
- The first step is to register yourself with HYCM Trading Platform on their website.
- After opening your account, you can choose either MetaTrader 4 or MetaTrader 5.
- Decide on the platform based on your requirements. After deciding you can download it on your desktop.
- When you are installing the software you can choose your desired location for saving it.
- After the installation process is over, you can launch and run the platform.
- When you launch the platform, it will ask for your login credentials. You can set up your login credentials while opening your account with them.
- After logging in, you can explore the software and understand its various features. You can also add funds and start trading.
- In case you wish to use the other platform, you can simply do so by following the same steps.
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How to Use HYCM Trading Platform?
Check out the process related to HYCM Trading Platform –
- The first step is to open a trading account with the company. You can do so by going to their website and clicking on “Open An Account”.
- You then have to choose the type of account you want to open. There are 3 categories of accounts, choose one which fits your needs.
- Then, you will have to fill a short online form. You will first have to enter your personal details.
- After that, it will ask you to complete your financial profile. They will build your risk profile based on your responses.
- The next step is to verify your identity and address. You will have to upload the required documents to complete the verification process.
- When the verification is complete, HYCM will give you access to your trading account.
- You will now be able to explore the platform. You are free to add funds and start placing trades.
Advantages of HYCM MetaTrader 5
Some of the many advantages of HYCM MT5 are-
- The platforms allow copy trading. By using this feature, users can copy the trades of others. It is automatic and saves you time and effort.
- You can create a demo account and trade with virtual cash before diving into live markets.
- Client information is secure and encrypted. This makes them very safe and reliable trading platforms.
- 24×5 customer support in various languages. You can contact them through email, fax, phone, or live chat.
- Users can set up trade signals. The signals can be set up in a few clicks, and the platforms will trade automatically for you.
- HYCM allows users access to proprietary research and financial news. It also has a huge library of educational content about the platforms and the markets. The content is in the form of blogs, videos, images, eBooks, and courses.
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HYCM Trading Platform – Conclusion
Both HYCM MetaTrader 4 and MetaTrader 5 are platforms that are par on industry standards. They are the leading platforms because of the value they bring for a trader.
They have a host of features that enable you to make the most of your trading experience.
Millions around the world have utilized these platforms to invest in the market. You can consider starting your trading journey with them today.
We have covered a lot of information about the platform in the article. You can use it to determine whether these platforms are the right choice for you.
HYCM Trading Platform – FAQs
Here are some of the important FAQs on HYCM Trading Platform –
What is HYCM Trading Platform called?
HYCM provides users with a choice between two different trading platforms. First is the MetaTrader 4, which is better suited for traders who invest in forex.
The other is the MetaTrader 5 which is suited for traders investing in multiple asset types. Both platforms have their own merits and you can select one based on your needs.
Does HYCM provide Web Trading?
Yes, you can use both MetaTrader 4 and MetaTrader 5 through the website of HYCM. To access the platform, you will first need to create an account on the website.
The web platforms are powerful and offer many tools and features. They are compatible with all browsers and operating systems.
Is the HYCM Online Trading Platform Free to use?
There are no hidden fees behind creating an account with HYCM Online Trading Platform. After creating an account you can use both platforms for free.
You can use the MetaTrader 4 or MetaTrader 5 web platform through the HYCM website.
Also, you can download the free software versions of the platforms and use them on your desktop.
How to download HYCM Trading Terminal?
You can download the trading platforms from the official website of HYCM. You can download either the MetaTrader 4 or the MetaTrader 5 platform.
Choose one based on your requirements and you can download it for free on your desktop. You will need to create an account with HYCM first to be able to use the software.
What features does the HYCM Online Trading Platform have?
Both MetaTrader 4 and MetaTrader 5 are rich in features. HYCM Online Trading Platforms are one of the most popular trading platforms out there because of their ease of use.
They are perfect for new as well as seasoned traders. They have features such as algorithmic trading, MetaTrader Analytics, MetaTrader Marketplace, and more.
Can I trade in Shares via the HYCM Trading Platform?
Yes, the HYCM Trading Platform allows you to trade in many different types of assets.
Through their account, you can invest in forex, stocks, indices, ETFs. commodities and cryptocurrencies.
The MetaTrader 4 is better suited for investing in forex. The MetaTrader 5, is suitable for investing in different types of assets.
Is the HYCM Trading Terminal good?
Yes, both MetaTrader 4 and MetaTrader 5 are industry-standard HYCM trading terminals.
They are well known around the world for the smooth and seamless experience they offer. Millions use these platforms to fulfill their financial goals.
It is one of the best trading platforms in the market and can be a great tool to make money.
Can HYCM Web Trading Platform be used without EKYC?
It is necessary to follow the instructions on the website to create your account. You have to fill in certain personal details and submit the necessary proofs.
Your trading account will open only after the verification process is successful. So it’s important to complete the EKYC process to open your account.
Does HYCM Trading Platform provide Tips?
Yes, HYCM publishes a lot of proprietary research and news for the users. They also have a lot of educational content about the platforms and the markets.
The content is available in the form of videos, images, posts, courses, and books.
You can go through all this material and make use of it to make decisions in the market.
How to Buy Currencies via HYCM Web Trading Platform?
You can buy currencies through both the trading platforms offered by HYCM. You can use either MetaTrader 4 or MetaTrader 5 based on your preference.
First, you have to select a currency pair you wish to trade.
After selecting the pair, you will have to fill in the order form. You can then place either a buy or a sell order based on the position you want to take.
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