HYCM.com Forex Broker Review

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HYCM.com GENERAL INFORMATION

■ Foundation: HYCM was founded in 1999

■ Headquarters: HYCM Markets Inc. headquarters are in London, UK

■ US Residents: No US traders –No-

■ Islamic Accounts: Islamic Account type (SWAP-Free) is available –Yes-

■ Regulated: HYCM is regulated by FCA UK (No 186171) and MiFID EU

■ Web-Site Languages: HYCM website supports many 5 languages, including English, Arabic, Chinese, and Russian (English, 简体中文, 繁體中文, العربية, Русский)

HYCM.com TRADING INFO SUMMARY

■ Broker Type: STP (Straight Through Processing)

■ CFD Trading: -Yes-

■ Platforms: HYCM offers 2 versions of MeaTrader4 (MT4 Install and MT4 Web), Web-Trader, and the CurreneX Platform for professionals

■ Trading Time Zone: GMT Server

■ Demo Account: HYCM is providing a Demo Account –Yes-

■ Typical Spread EUR/USD: 1.8 pips (no commissions), lowest spread starts at 0.4 pips

■ Scalping /Hedging: Only Hedging is allowed at HYCM

■ Bonus Policy: HYCM offers a 10% welcome bonus for all new clients and any amount

■ Minimum Account: $50 (Standard Account)

Read more: HYCM Review

IQoption Review

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IQOPTION GENERAL INFORMATION

■ History: IQoption was founded in 2013

■ IQoption Headquarters: IQoption headquarters are based in Cyprus (check contact info)

■ Regulation: Regulated by CySEC (License number 247/14) -Europe Only

■ US Residents: IQoption does not allow traders from the US and Canada

■ Accepted Countries: All countries except Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Pakistan, Palestine, Russia, Sudan, Syria, Turkey, and the USA

■ Support Languages: IQoption support languages include English | Russian | Turkish | German | Spanish | Portuguese | Chinese | Swedish | Korean | French | Italian | Arabic | Indonesian

■ Demo: Yes (No Deposit Required, $1,000 virtual funds)

■ Bonus: No Bonus at the time of this review

■ Minimum Account: $10 and $1 Min Per Trade

■ Payout Rate: IQoption Payout up to 91% -in case of a successful prediction

Read more: IQoption Review

FxOpen Review

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FXOPEN GENERAL INFORMATION

■ Foundation: FxOpen was founded in 2005

■ Headquarters: FxOpen is headquartered in New Zealand

■ US Residents: FxOpen forbids US traders –NO

■ Islamic Accounts: FxOpen provides Islamic Accounts –YES-

■ Regulated: FxOpen is regulated by FCA UK (579202) | FSP New Zealand (FSP192685)

■ Website Languages: English, Chinese, Dutch, French, German, Arabic, Hebrew, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Thai, and Turkish

■ Customer Support: 24/5 (Language Support: English, Arabic, Chinese, German, Indonesian, Malay, and Russian)

FXOPEN TRADING INFO SUMMARY

■ Broker Type: ECN / STP

■ CFD Trading: YES

■ Platforms: MetaTrader-4, MetaTrader-5, TickTrader

■ Trading Time Zone: GMT+2

■ Demo Account: FxOpen provides a Demo –YES

■ Spread on EUR/USD: FxOpen offers a 2-pip fixed spread on EUR/USD for standard accounts and 0 pips for ECN Accounts

■ Leverage: Leverage at FxOpen up to 30:1

■ Scalping: is allowed at FxOpen –YES-

■ Promotions: Trading Contests and a No-Deposit Bonus of up to 100 USD

■ PAMM Accounts: –YES

■ Free VPS: –YES

🔗 Website: FxOpen Website

Read more: FxOpen Review

ORBEX FOREX Broker Review

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ORBEX REVIEW SUMMARY

■ Foundation: ORBEX was founded in 2010

■ Headquarters: ORBEX maintains its headquarters in Cyprus and second offices in Kuwait

■ US Residents: ORBEX does not accept US traders –No-

■ Islamic Accounts: ORBEX provides Islamic Accounts (SWAP-Free) –Yes-

■ Regulated: ORBEX is regulated by CySEC (124/10) and registered with FCA UK (553071), BaFIN, Banque de France (73762), CNMV Spain (2894), and CONSOB (3148)

■ Account Segregation: Accounts are segregated, plus Orbex participates in the domestic Investor Compensation Fund -Yes-

■ Web-Site Languages: ORBEX website supports English, German, Chinese, Japanese, Persian, Polish, Russian, and Spanish

■ Customer Support: English, Arabic, Spanish, Greek, Bengali, Chinese, German, Indonesian, Russian, and Urdu

ORBEX TRADING INFO SUMMARY

■ Broker Type: Orbex is an STP/ECN Forex Broker

■ Platforms: MetaTrader4 for Windows and MAC, Mobile Traders, and MT4 Multi-Terminal

■ Trading Time Zone: GMT+2

■ Demo Account: ORBEX is offering a Demo Account –Yes-

■ Typical Fixed Spread EUR/USD: 0.9-1.5 pip fixed

or Variable spread starting at 0.6 pips plus trading commissions $6-10/lot

■ Leverage: Leverage at ORBEX is up to 1:30

■ Scalping /Hedging: allowed at ORBEX –Yes-

■ Bonus Policy: ORBEX does not offer a welcome bonus at the moment -No-

■ Minimum Account: $500

🔗 Website: » ORBEX Live Accounts | » Orbex Demo Accounts

Read more: Orbex Review

CMTRADING Review

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CMTRADING REVIEW SUMMARY

■ Foundation: CMTrading was founded in 2011

■ Headquarters: CMTrading is based in Johannesburg, South Africa

■ US Residents: CMTrading forbids US traders –NO

■ Swap-Free Accounts: YES

■ Regulated: CMTrading is regulated by the Financial Services Board (FSB-38782), South Africa

■ Client Bank Account Segregation: Top-tier banks, including Barclays Bank PLC and Nedbank -YES

■ Website Languages: English, Arabic, Chinese, Spanish, and Indonesian

■ Customer Support: 24/5 via Phone, LiveChat, and eMail

CMTRADING TRADING INFO SUMMARY

■ Broker Type: NDD / DD Execution Model

■ Trading: Forex, Indices, Equities, Commodities

■ Platforms: MT4, Sirix WebTrader, CopyKat, Mobile/Tablet Traders

■ Trading Time Zone: GMT

■ Demo Account: YES

■ Spread on EUR/USD: 2.6 pip on Mini Account / 1.5 pip on Executive Accounts

■ Leverage: Trading Leverage 30:1

■ Scalping/Hedging: allowed –YES-

■ Minimum Account: $250

Read more: CMTrading Review

FORTRADE Review

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■ Foundation: ForTrade was founded in 2011

■ Headquarters: ForTrade is based in London, UK

■ US Residents: ForTrade forbids US traders –NO

■ Regulated: ForTrade is regulated by FCA UK since 2014 (License No: 609970) → Click here for more at FCA UK

■ Customer Support Languages: English, French, German, Italian, Spanish

■ Customer Support: 24/5 via Phone, Live Chat, and eMail

FORTRADE TRADING INFO SUMMARY

■ Broker Type: CFDs

■ Trading: Forex, Precious Metals, Industrial, Energies, Equities, ETFs, Bitcoin

■ Platforms: ForTrade WebTrader, ForTrade Desktop, plus 2 Mobile apps for iOS and Android

■ Trading Time Zone: GMT

■ Demo Account: -YES- ($10,00 virtual funds)

■ Spread on EUR/USD: 3.0 pip

■ Leverage: Leverage up to 30:1

■ Scalping: is allowed by ForTrade –YES-

■ Minimum Account: $100

🔗More: » ForTrade Website

Read more: ForTrade Review

OlympTrade Review

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OLYMPTRADE CORPORATE INFO

■ Foundation: OLYMPTRADE was founded in 2014

■ Headquarters: OLYMPTRADE maintains its headquarters in Saint Vincent and the Grenadines

■ Countries: Many restrictions

■ US Residents: OLYMPTRADE does not accept US traders –No-

■ Registration: OLYMPTRADE is registered at James Street, Kingstown, First Floor, First St Vincent Bank Ltd Building, Saint Vincent and the Grenadines (No. is  25161 IBC 2018)

■ Regulation: OLYMPTRADE is ONLY regulated by The Financial Commission (FINACOM PLC LTD) 🔗  check here their certificate

■ Website Languages: English, Russian, Polish, Portuguese, and Thai

OLYMPTRADE TRADING INFO SUMMARY

■ Broker Type: Market Maker (Dealing Desk)

■ Forex Trading: -Yes- (Market-Maker)

■ CFD Trading: -No-

■ Platforms: WebTrader for PCs, Android, iOS, and tablets

■ Demo Account: –Yes-

■ Leverage: Leverage up to 30:1

■ Bonus: 100% Credit Bonus (you cannot withdraw it, but you can withdraw profits)

■ Minimum Account: $10

🔗 Visit the OlympTrade Website

Read more: OlympTrade Review