HYCM Operates ETFs Amid Chaotic Stock Markets

Global forex broker HYCM just launched 20 different exchange-traded funds (ETFs) in their MetaTrader 5 (MT5) platforms. These include the top 3 ETFs: SPDR S&P 500, iShares Russell 2000 Index, and VelocityShares 3x Inverse Crude Oil ETN.

Commenting on the matter, Chief Currency analyst Giles Coghlan said ETFs allows investors to diversify their portfolios. As they hold a basket of stocks or securities, they also stand as an ideal way of investing in market sectors.

Coghlan said traders could use ETF to invest in the financial sector as a whole rather than individual stocks. This helps the offering to grow more popular every year since its inception in 1993.

High volatility among news cycles concerning the global economy persuades traders to look for less volatile instruments. Stocks are currently less reliable than ETFs.

ETFs also incur lower operating costs and fewer broker commissions than buying individual stocks.

Traders can also choose between existing ETFs that focus on varied industries with more innovative and faster responses to trends.

About HYCM

HYCM is a global brand name of Henyep Capital Markets, the individual identities in the UK, and the EU. It also operates under Henyep Capital Markets (DIFC) Ltd and HYCM Ltd.

All entities are under Henyep Capital Markets Group, which is a global corporation founded in 1977. The group currently operates in Asia, Europe, and the Middle East.

The broker offers fast execution, tight spreads, and a choice of account types for every trading style. It provides services in over 140 countries with five offices in the world’s leading financial centers.

HYCM is regulated by the Financial Conduct Authority of the UK, and the Cyprus Securities and Exchange Commission. The Dubai Financial Services Authority and Cayman Islands Monetary Authority regulates the firm in the Middle East.