Finance Magnates spoke with Stavros Lambouris, CEO at HYCM Worldwide for his perspective on merchants heading into 2023. This contains HYCM’s place within the business and the way it plans to evolve and thrive within the New Yr.
The final couple of years have been fairly eventful in all areas; how has this affected retail buying and selling?
Actually, no one may have predicted how the final couple of years have been going to pan out, however one factor grew to become obvious. The retail dealer had been a drive within the world markets for some time and actually got here to the forefront throughout this time.
Because the begin of the pandemic, we now have seen most of the people utilizing that downtime to teach themselves in regards to the monetary markets and actually put that information to make use of. Lockdowns gave individuals a possibility to spend extra time on areas they’re really thinking about, and this has led to a lot of new merchants coming on-line. The increase we noticed in a wide range of markets after the March lows of 2020 was pushed by lots of retail exercise, and this has continued even after reopening.
To maintain the tempo with the adjustments out there, the business as a complete must undertake new applied sciences and methodologies, which means extra belongings, higher cellular apps, and a concentrate on high quality schooling and evaluation.
How do you envision HYCM’s place within the business shifting ahead?
Our historical past and fame are essential to us, and we plan on sustaining these tenets of belief, safety, and longevity. With over 4 a long time of wealthy heritage and tradition we now have created a strong base to construct upon.
Our important aim now could be to turn out to be a one-stop answer for straightforward entry to conventional and new markets. So, we’re constructing new buildings for the trendy age which can be targeted on innovation, nurturing new merchants and being up-to-date with what’s latest within the markets. We’re devoted to providing new applied sciences and instruments in a trusted, safe setting, regulated by the FCA, CySEC, DFSA, and CIMA.
What actions has HYCM taken by way of the above route?
Schooling has all the time been excessive on our listing of priorities, and we stay devoted to supporting our traders by operating our weblog, HYCM Lab, with market information and evaluation and a well-liked collection of weekly webinars and workshops, amongst different actions.
We’ve additionally been very proactive in providing high-quality third-party instruments that we imagine will likely be useful to our shoppers. These at present embrace Monetary Supply’s real-time indicators, Seasonax’s seasonal sample analytics, and Buying and selling Central’s Market Buzz and Information.
Furthermore, HYCM has been increasing and curating its number of asset courses and particular person symbols. Our cryptocurrency providing is an efficient instance; we now have been selective in including crypto symbols to make sure an providing that’s helpful to our traders, permitting them to commerce cryptocurrencies with leverage in response to their particular person danger urge for food.
Final, however not least, cellular buying and selling is taken into account a should for the brand new dealer and our aim in 2022 was to cater to them with no compromise in service. We took large steps on this route by growing and releasing our personal proprietary cellular buying and selling app, HYCM Dealer. It permits customers to commerce, handle their accounts, and deposit and withdraw funds, all from the identical utility on their smartphone.
Why is it vital to have a proprietary buying and selling app in your opinion?
For the brokerage it’s important to face out among the many competitors. So, having a novel proprietary app is an effective way to distinguish your self from the widespread third-party apps.
New merchants are additionally very demanding with regards to consumer interface and expertise. Creating our personal app from scratch gave us the flexibleness and the power to create a contemporary and user-friendly utility, in addition to provide extra performance to our shoppers. For instance, the HYCM Dealer app combines our consumer portal and buying and selling platform, whereas different apps require the consumer to make use of each the brokers’ consumer portal web site and the app.
One other vital level is that with no proprietary app what you are promoting is beholden to a supplier. You aren’t accountable for the event roadmap, and it may also be the basis of potential failure that’s solely out of your management. As we just lately noticed, the brokers who have been counting on the third-party options have skilled extreme difficulties when Apple pulled down MT4 and MT5 buying and selling apps from the App Retailer.
Lastly, what does HYCM have in retailer for 2023?
Up to now 12 months, we’ve seen a rising curiosity in shares. It has taken a while for our business to generate a buzz round this asset as a result of cryptocurrencies had undeniably stolen a few of its limelight. However the efficiency of this asset class all through the pandemic, in addition to the growing correlation between crypto and US fairness markets, has prompted many merchants to indicate renewed curiosity in shares.
Other than FX, the US inventory market is the most important market on earth, with names like Apple and Meta, which can be immediately recognisable to the general public and many people are clients of.
The sheer measurement of it, in addition to the power to show one’s portfolio to a lot of particular person names, additionally provides a stage of diversification that’s tough to search out elsewhere. As an example, even all through 2022, which has been a fairly dangerous 12 months for US equities, there are particular person shares from sectors, reminiscent of power, that merchants may have allotted capital to, which might not simply have protected their portfolios, but in addition been worthwhile for them.
At HYCM, we wish to be certain that our traders have entry to this market too. Our present providing already contains plenty of inventory CFDs from probably the most well-known firms, reminiscent of Amazon, Tesla and Twitter, and we plan thrilling information on this topic attributable to be introduced early in 2023. So, keep tuned!
Notice: Cryptocurrencies will not be obtainable for buying and selling below HYCM (Europe) Ltd and HYCM Capital Markets (UK) Restricted.
About: HYCM is the worldwide model title of HYCM Capital Markets (UK) Restricted, HYCM (Europe) Ltd, HYCM Capital Markets (DIFC) Ltd, HYCM Ltd, and HYCM Restricted, all particular person entities below HYCM Capital Markets Group, a world company working in Asia, Europe, and the Center East.
Excessive-Danger Funding Warning: Contracts for Distinction (‘CFDs’) are advanced monetary merchandise which can be traded on margin. Buying and selling CFDs carries a excessive diploma of danger. It’s potential to lose all of your capital. These merchandise will not be appropriate for everybody and it is best to be certain that you perceive the dangers concerned. Search unbiased skilled recommendation if obligatory and speculate solely with funds which you could afford to lose. Please consider carefully whether or not such buying and selling fits you, bearing in mind all of the related circumstances in addition to your private assets. We don’t suggest shoppers posting their complete account stability to satisfy margin necessities. Purchasers can minimise their stage of publicity by requesting a change in leverage restrict. For extra data please seek advice from HYCM’s Danger Disclosure.
*This materials is taken into account a advertising communication and shouldn’t be construed as containing funding recommendation or an funding advice, or a proposal of or solicitation for any transactions in monetary devices. Previous efficiency shouldn’t be a assure of or prediction of future efficiency. HYCM doesn’t keep in mind your private funding targets or monetary scenario. HYCM makes no illustration and assumes no legal responsibility as to the accuracy or completeness of the knowledge supplied, nor any loss arising from any funding primarily based on a advice, forecast, or different data provided by an worker of HYCM, a 3rd celebration, or in any other case.
Finance Magnates spoke with Stavros Lambouris, CEO at HYCM Worldwide for his perspective on merchants heading into 2023. This contains HYCM’s place within the business and the way it plans to evolve and thrive within the New Yr.
The final couple of years have been fairly eventful in all areas; how has this affected retail buying and selling?
Actually, no one may have predicted how the final couple of years have been going to pan out, however one factor grew to become obvious. The retail dealer had been a drive within the world markets for some time and actually got here to the forefront throughout this time.
Because the begin of the pandemic, we now have seen most of the people utilizing that downtime to teach themselves in regards to the monetary markets and actually put that information to make use of. Lockdowns gave individuals a possibility to spend extra time on areas they’re really thinking about, and this has led to a lot of new merchants coming on-line. The increase we noticed in a wide range of markets after the March lows of 2020 was pushed by lots of retail exercise, and this has continued even after reopening.
To maintain the tempo with the adjustments out there, the business as a complete must undertake new applied sciences and methodologies, which means extra belongings, higher cellular apps, and a concentrate on high quality schooling and evaluation.
How do you envision HYCM’s place within the business shifting ahead?
Our historical past and fame are essential to us, and we plan on sustaining these tenets of belief, safety, and longevity. With over 4 a long time of wealthy heritage and tradition we now have created a strong base to construct upon.
Our important aim now could be to turn out to be a one-stop answer for straightforward entry to conventional and new markets. So, we’re constructing new buildings for the trendy age which can be targeted on innovation, nurturing new merchants and being up-to-date with what’s latest within the markets. We’re devoted to providing new applied sciences and instruments in a trusted, safe setting, regulated by the FCA, CySEC, DFSA, and CIMA.
What actions has HYCM taken by way of the above route?
Schooling has all the time been excessive on our listing of priorities, and we stay devoted to supporting our traders by operating our weblog, HYCM Lab, with market information and evaluation and a well-liked collection of weekly webinars and workshops, amongst different actions.
We’ve additionally been very proactive in providing high-quality third-party instruments that we imagine will likely be useful to our shoppers. These at present embrace Monetary Supply’s real-time indicators, Seasonax’s seasonal sample analytics, and Buying and selling Central’s Market Buzz and Information.
Furthermore, HYCM has been increasing and curating its number of asset courses and particular person symbols. Our cryptocurrency providing is an efficient instance; we now have been selective in including crypto symbols to make sure an providing that’s helpful to our traders, permitting them to commerce cryptocurrencies with leverage in response to their particular person danger urge for food.
Final, however not least, cellular buying and selling is taken into account a should for the brand new dealer and our aim in 2022 was to cater to them with no compromise in service. We took large steps on this route by growing and releasing our personal proprietary cellular buying and selling app, HYCM Dealer. It permits customers to commerce, handle their accounts, and deposit and withdraw funds, all from the identical utility on their smartphone.
Why is it vital to have a proprietary buying and selling app in your opinion?
For the brokerage it’s important to face out among the many competitors. So, having a novel proprietary app is an effective way to distinguish your self from the widespread third-party apps.
New merchants are additionally very demanding with regards to consumer interface and expertise. Creating our personal app from scratch gave us the flexibleness and the power to create a contemporary and user-friendly utility, in addition to provide extra performance to our shoppers. For instance, the HYCM Dealer app combines our consumer portal and buying and selling platform, whereas different apps require the consumer to make use of each the brokers’ consumer portal web site and the app.
One other vital level is that with no proprietary app what you are promoting is beholden to a supplier. You aren’t accountable for the event roadmap, and it may also be the basis of potential failure that’s solely out of your management. As we just lately noticed, the brokers who have been counting on the third-party options have skilled extreme difficulties when Apple pulled down MT4 and MT5 buying and selling apps from the App Retailer.
Lastly, what does HYCM have in retailer for 2023?
Up to now 12 months, we’ve seen a rising curiosity in shares. It has taken a while for our business to generate a buzz round this asset as a result of cryptocurrencies had undeniably stolen a few of its limelight. However the efficiency of this asset class all through the pandemic, in addition to the growing correlation between crypto and US fairness markets, has prompted many merchants to indicate renewed curiosity in shares.
Other than FX, the US inventory market is the most important market on earth, with names like Apple and Meta, which can be immediately recognisable to the general public and many people are clients of.
The sheer measurement of it, in addition to the power to show one’s portfolio to a lot of particular person names, additionally provides a stage of diversification that’s tough to search out elsewhere. As an example, even all through 2022, which has been a fairly dangerous 12 months for US equities, there are particular person shares from sectors, reminiscent of power, that merchants may have allotted capital to, which might not simply have protected their portfolios, but in addition been worthwhile for them.
At HYCM, we wish to be certain that our traders have entry to this market too. Our present providing already contains plenty of inventory CFDs from probably the most well-known firms, reminiscent of Amazon, Tesla and Twitter, and we plan thrilling information on this topic attributable to be introduced early in 2023. So, keep tuned!
Notice: Cryptocurrencies will not be obtainable for buying and selling below HYCM (Europe) Ltd and HYCM Capital Markets (UK) Restricted.
About: HYCM is the worldwide model title of HYCM Capital Markets (UK) Restricted, HYCM (Europe) Ltd, HYCM Capital Markets (DIFC) Ltd, HYCM Ltd, and HYCM Restricted, all particular person entities below HYCM Capital Markets Group, a world company working in Asia, Europe, and the Center East.
Excessive-Danger Funding Warning: Contracts for Distinction (‘CFDs’) are advanced monetary merchandise which can be traded on margin. Buying and selling CFDs carries a excessive diploma of danger. It’s potential to lose all of your capital. These merchandise will not be appropriate for everybody and it is best to be certain that you perceive the dangers concerned. Search unbiased skilled recommendation if obligatory and speculate solely with funds which you could afford to lose. Please consider carefully whether or not such buying and selling fits you, bearing in mind all of the related circumstances in addition to your private assets. We don’t suggest shoppers posting their complete account stability to satisfy margin necessities. Purchasers can minimise their stage of publicity by requesting a change in leverage restrict. For extra data please seek advice from HYCM’s Danger Disclosure.
*This materials is taken into account a advertising communication and shouldn’t be construed as containing funding recommendation or an funding advice, or a proposal of or solicitation for any transactions in monetary devices. Previous efficiency shouldn’t be a assure of or prediction of future efficiency. HYCM doesn’t keep in mind your private funding targets or monetary scenario. HYCM makes no illustration and assumes no legal responsibility as to the accuracy or completeness of the knowledge supplied, nor any loss arising from any funding primarily based on a advice, forecast, or different data provided by an worker of HYCM, a 3rd celebration, or in any other case.
