What do you think about HYCM's fixed account type terms & conditions?

Asked 4 years ago

I'm not sure I feel comfortable with the conditions Henyep Capital Markets trading platform lay out for the fixed account type. Who here makes sense of it and used it?

Henyep capital markets (hycm)Brokerage account types Opinions on brokers

Avik Das

Thursday, July 15, 2021

In total, HYCM has three trading accounts- Fixed, Classical and Raw. Their fixed accounts means you will be able to trade fixed spreads. Their fixed account conditions are good, but there are better alternatives in the market.  Several brokers offer better fixed spreads than 1.8 pips, which is offered by HYCM at the moment. 

Andrew Moran

Tuesday, August 24, 2021

If you are concerned about the conditions presented by Henyep Capital Markets, you should not be too worried. 
The company is fully authorized and regulated by two tier-1 jurisdictions and two tier-2 jurisdictions, such as the Cayman Islands Monetary Authority (CIMA) and Dubai Financial Services Authority (DFSA). This is crucial for trading foreign exchange and CFDs.
Here is something else you should note: HYCM was founded in 1977!