cryptocurrency

HYCM Adds 83 New Stocks to Trade on MT5 – FX Empire


In addition to new stocks, HYCM announced earlier this year the launch of ETFs and the addition of 50 new cryptocurrency CFDs to trade. (HYCM also offers a range of forex pairs, indices and commodities).

Giles Coghlan, Chief Currency Analyst, explains the growing interest for ETFs and crypto CFDs:

“The desire for ETFs is growing year on year and that trend is showing no signs of slowing down. This is a very understandable trend for the retail trader. This is because ETFs allow for simple, low-cost access across multiple markets. They can be sector-based like health care- or tech-related. They can be index-linked or even specific to an individual commodity. This flexibility is what makes ETFs so suitable for investors and why we wanted to expand our offering. Furthermore, unlike futures markets, there are no tricky contract rollovers to deal with, so they are a great way of gaining exposure to different markets, especially with all the volatility and change experienced this year. The recent renewal of Brexit risks, COVID-19 changes to our way of doing business, the upcoming US elections, and a constant backdrop of US-China trade tensions all offer opportunities as well as risks. ETFs can be a great instrument for navigating your path through these changes.”

“Finally, the low-interest rates of central banks across the world, the devaluing of currencies through quantitative easing programmes, and the often-touted risk of high inflation levels all lead investors to look for alternative places of safety. Gold is the most popular hedge in these times, but there is also a strong renewed interest in areas like the cryptocurrency space. The popularity of cryptocurrencies is set to grow as investors look to hedge deflationary risk by keeping some of their portfolios in the crypto space. Have you bought yours?”

The addition of new assets falls within HYCM’s global strategy as one of the leading forex brokers, to expand its portfolio to satisfy the needs of different types of traders, and in response to market trends.

Register with HYCM to trade stocks and more

New stocks are available only under HYCM Ltd (CIMA) and HYCM Limited (SVG).

ETFs are available only under HYCM Ltd (CIMA) and HYCM Limited (SVG).

Cryptocurrencies are not available under HYCM (Europe) Ltd.

About HYCM

HYCM is the global brand name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, Henyep Capital Markets (DIFC) Ltd and HYCM Ltd, all individual entities under Henyep Capital Markets Group, a global corporation founded in 1977, operating in Asia, Europe, and the Middle East.


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.



READ SOURCE

Leave a Reply