Colin Nena

A broker has both advantages and disadvantages. I’ll start with the first, though I won’t focus on them: 1. There are licenses from 4 regulators. 2. Small initial deposit 3. A large set of assets. In general, there are many reviews that tell you about the pros of a broker, so I don’t see any point in talking about it anymore. But what I have noticed is that many traders don’t see the disadvantages of HYCM, and they’re here too, and they are quite significant. 1. There are several different companies, which provide brokerage services under the brand HYCM. Henyep Capital Markets (UK) Limited is authorized and regulated under the Financial Conduct Authority, and HYCM (Europe) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission, but other companies in this group don’t have such licenses. So, pay attention to which company you have chosen 2. Spreads are sometimes really higher than other brokers. Of course, you can choose a Raw account, but then you will overpay very much when you are flat on the market. 3. no expert advisors on Fixed spreads account and no-market execution for fixed spreads (only Standard and Raw)