HYCM Withdrawal Methods

HYCM Withdrawal Methods review by forex trading experts, For more information about HYCM Withdraw Methods you can also visit HYCM reviews by ForexSQ.com forex blog, The TopForexBrokers.com comparison and ratings forex brokers or Fxstay.com Forex trading website and get all information you need to know about the Henyep Capital Markets company.

HYCM Withdrawal Methods

HYCM broker has different methods for withdrawal, The demand of Withdrawal will continually be touched quickly, on condition that legitimately essential certification is current and scheduled file. It has conventional a good contract of appreciation on the web for how quickly and simply to withdraw assets, each time a good symbol.

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HYCM accepts the following payment methods:

  • Credit cards (VISA and Mastercard)
  • WebMoney
  • Wire Transfer
  • Other local payment methods

Rules for Withdrawal

  • By Default the funds you withdraw will go back to the originating source of deposit.
  • We will not process withdrawals to an account under a different name than your own.
  • For Withdrawals via Wire Transfer of less than US$300, a US$30 handling fee will be charged.
  • If the Credit Card, MoneyBookers, WebMoney or other account associated with your account has expired and a withdrawal is unable to be processed, the withdrawal will be issued by Wire Transfer and incur a charge of US$30 per transaction if the amount is under $300.

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What methods of payment are there for depositing and withdrawing funds on HYCM?

HYCM accepts the following payment methods:



Wire Transfer

Credit/Debit cards

Why do withdrawals take up to 10 days when my deposits are instantaneous?

To ensure the security of your funds and to be sure that all funds are returned safely there are many security checks that need to be completed before processing a withdrawal. Although HYCM processes your withdrawal request within 1 business day, your bank can take 4-8 working days to credit the funds onto your card statement. This is standard practice for most banks.

Can I withdraw all profit back to my credit or debit card?

HYCM will only process the sum of your original deposit back to your credit card. All other transactions will have to be returned to your bank account. As such you must have a completed funds withdrawal form sent to us to process these transactions.

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Can I unregister my card?

If you do not wish to use a card you do not have to but HYCM must keep documents of all cards used for regulatory purposes. Professionals handle all details with the utmost confidentiality.

I hold 2 Accounts with HYCM can I transfer money from one account to the other?

HYCM does allow you to transfer money from one account to another. To do so, Go to the Trading accounts section of the Client Profile and follow the Inter Account Transfer process, choose the 2 accounts and the amount and the transfer will be processed.

Can I register more than one card to my account?

You are allowed to register as many cards as you like to your HYCM account. However each and every card will be required to have a photocopy of the card and all card details sent to your account manager to be able to be used.

My transaction has been declined. Why?

There could be several reasons as to why your payment failed.

  • Firstly you need to ensure that all information has been correctly entered into the system.
  • Your card may have expired.
  • There are no funds remaining on the card.
  • Your card has come up on a security check as being lost or stolen.
  • We do not accept your card type (please try another method).

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My transaction was declined what is my next step?

If your transaction has been declined please contact your account manager immediately or come onto the Live Person chat where our customer service representatives will assist you in funding your account. It is important to remember not to keep attempting to deposit if your card has failed, as this will trigger security alerts that could block your card.

Can I cancel a withdrawal?

You have the ability to cancel your withdrawal within 24 hours since you first requesting your withdrawal. Amount will be credited back to your account within 48 hours.

Will my details be safe?

HYCM is a fully regulated company and guarantees that any documents sent will not be passed on to any third party and will only be handled by professionals in keeping with the privacy agreement set out in the customer agreement you have consented to at the time of registering.

HYCM is a secure site adopting a 128-bit encryption key for all client details and transactions. We are partnered with VeriSign for added client security. All client transactions and details are handled with the utmost confidentiality.

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Can I use a friend’s card to fund my account? Can I withdraw onto another person’s card?

Both of the above are not acceptable with HYCM. We do not accept any third party transfers when depositing or withdrawing from your account. All third party payments will be rejected and not processed.

What happens if the card I use has been lost or cancelled during the process of depositing or withdrawing?

All credit card deposits are instantaneous and as such your account will be funded regardless of the fact you lost the card or cancelled your card after the deposit. However if your card has been lost or cancelled during a withdrawal process you will need to contact your bank to resolve this. HYCM will still process the withdrawal (unless it has been cancelled within 24 hours) to your bank account.

What do I do if I have duplicated a payment or have made a payment by mistake?

If you have accidentally duplicated a payment please contact your account manager and request for a withdrawal. Please be aware that this will be processed as a standard withdrawal and will take up to 10 days to be processed. If you have accidentally made a payment to HYCM that you did not wish to you will need to make a withdrawal as you would normally.

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The HYCM, in the past HY Markets, is head office in London, UK, and is regulated and authorized by the FCA of the UK. It is a part of Henyep Capital Markets which is a foremost capital markets trading firm that has an working history of 30 years and focuses in foreign exchange and CFD’s on indices, commodities, metals, treasuries and equities.

With administrative centre in main cities in three continents, counting in Dubai and Kuwait, the stockbroker is one of the greatest established in the financial services industry.

With over thirty years of experience in the field, Henyep Markets is a correct broker select for both expert and beginner dealers. It delivers 3 types of account, contingent on the selection size, and a dealer can initiate with as little as $50. It as well offered an Islamic accounts.

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The broker’s educational unit is not too complete, though it features an actual good glossary to get you in progress on the forex lingo and assistance you know the simple terms.

HenYep capital markets is a retail forex broker that provides trading in a number of currency pairs, many CFDs on indices, commodities, valuable metals and stocks, presented on two trading platforms. The company also provides binaries trading service over its HY Options brand.

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