Trade Ripple with HYCM | HYCM Ripple Broker Review

When you Trade Ripple with HYCM, you don't actually buy ripple with HYCMbut are trading on the Market movement. you Buy ripple (XRP) or sell (XRP) with leverage on their trading platform.

HYCM Ripple Broker | is working out or  London, UK, for people that have been trading for a while they know this brand as HYCM is one of the oldest, best known Forex brokers in the market. When they were founded 35 years+ ago they were called HY Markets

HYCM is regulated and licensed in the United Kingdom which insures that they are on the level.

Name Symbol Min. Spread Lot Size Min. Trade Size Min. Fluctuation Value Per Tick Margin Req. Margin Curr. Leverage
Ripple Vs US Dollar CFD XRPUSD 4 1000 Ripple 10 Ripple 0.0001 USD 0.10 USD 25.00% USD 1:10

US Standard Time    Winter Trading Hours (GMT)  - 23:01 - 21:00   Sunday - Friday

US Daylight Saving Time     - Summer Trading Hours (GMT)  - 22:01 - 20:00   Sunday - Friday.

The value of cryptocurrencies tends to change very quickly, the price is derived from the continued confidence of market participants.

There is no guarantee that the cryptocurrencies’ value will remain stable. The characteristics of cryptocurrencies mean that legal or technological changes experienced by a virtual cryptocurrency exchange may result in the potential for permanent and total loss of value or the total loss of the availability of prices.

Please note this product is available to Henyep Capital Markets (UK) clients only.

HYCM Ripple Broker General Features

With years of working under their belt HYCM has made the customer relations and understanding what their clients' needs their second nature. They have a 24 hours a day during the work week (Monday – Friday). Available methods to reach them include email, live chat, and even a telephone line. There are different email addresses for different inquiries

The have a solid platform to trade from and offer an HYCM mobile app for most types of phones.

Their customer service and support is readily available around the clock if you need them (something you should never underestimate) and their support is available around the clock.
for those that are looking for a top ripple Broker, HYCM is solid choice where you cannot go wrong

HYCM offered Trading Platforms

Regardless of your trading requirements HYCM probably has the right trading platform for you. They offer multiple renowned trading platforms offering the right tools for new traders and for traders that are coming from other brokers.

  • PrimeTrader

    is the main trading platform of HYCM. This is a solid Trading platform that allows the trader to see what he is doing in a understandable way, with good customization options and nice graphs.

  • MetaTrader 4 is and has been for the last couple of years "a must have" platform for most brokers unless they aim for another nice of traders. This MT$4 is set up properly and offer you all the trading features that have come to love and expect from this platform.

They have put some good effort to enter also the mobile industry and their mobile trading platform is intuitive and stable and allows you full trading capability on the go.

They offer Leverages ranging from 50:1 till 400:1, which is dictated by the currency pairs you are trading

A special feature that they offer is the free signal service that is integrated in their MT4 giving the traders amazing trading opportunities. the quality of the signals is fair to good and if you combine them with another forex  signal service for verification then you should be able to get enough quality forex signals to find your daily trades depending on the selected currency pairs.
Banking Options

Their regulation here dictates what they are able to offer as compliance rules for the regulation in the UK is not that easy. That said HYCM has all the basic banking solutions set up for you , through Bank wire and all major credit and debit cards like MasterCard and Visa.

The offer also Bank through a few of online e-wallets, including Union Pay and Web-Money.
the same methods that you use in order to deposit you can also use to withdraw your funds.

For some of the methods this process might take a few days till up to a week but there are free of fees getting the exact amount you requested.
The only exception to this rule is, the bank transfer, may have charges due to your bank’s processing fees not because of this broker.

HYCM Resources and Account Types

Depending on your trading wishes and requirements, HYCM Ripple (XRP)  Broker offers three different types of account.

  1. Micro Account, which is best suited for new traders. The minimum required deposit is only $100. Leverages go up to 1:500 and the minimum fixed spread is 1.8.
  2. Standard Account is for more seasoned and experienced traders. With the minimum deposit of $1,000, leverages up to 1:300 and the spread of 1.5.
  3. VIP Account is for the professional traders. This account requires a deposit of $10,000 and has no limitations. As a VIP you are treated as a VIP meaning your wish is pretty much their command , within reason of course.

They offer full Islamic accounts  (halal Trading) for all three levels for traders compliant with the Sharia law.

They have a full-service education center that takes you through the steps of trading if you so require.

HYCM Promos & Bonuses

For the best promotions I will always suggest to talk to them , since this sometimes season based and depends also on the amount you are looking to invest. the Normal Promotions is 25% of your initial deposit with a maximum of $5000 as a welcomebonus

Conclusion

In short, this is a good broker that has the best trading platforms for you to trade on and has the experience to make your trading experience a pleasant one , they understand the need of good service and have one of the best Mobile trading application in the market at the moment. At the same time now that they offer ripple( XRP) Trading they have rightfully earned a spot among our one of our TOP RIPPLE BROKERS

High Risk Investment Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure. Additionally, the content of this website is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by HYCM is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at HYCM.
Regional Restrictions: Henyep Capital Markets (UK) Limited and HYCM (Europe) Limited do not offer Contracts for Difference to residents of certain jurisdictions such as Afghanistan, Belgium, Japan, the United States of America and some other regions. For more information please refer to our Customer Agreements.
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