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HYCM Reviews

4.5 Rating 348 Reviews

92 %

of reviewers recommend HYCM

Company Reviews

4.5

Based on 348 reviews


Customer Service
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HYCM 5 star review on 16th August 2023

Anonymous

Anonymous // 01/01/2019

Sort by: Most Recent Most Recent Highest Rated Filter: None None 5 Stars 4 Stars 3 Stars 2 Stars 1 Stars Helpful

“Some people pay too much attention to assessing brokers. They compare different brokerage companies and try to find out which license ensures better protection. Earlier I was also convinced that the choice of the right broker is the bulk of success in trading. Over time I realized that the main thing is that how you analyze the market. Of course, today the brokerage industry is overcrowded with scams, but on the other hand, it’s not a problem to find a genuine broker. All you need to do is to make sure that it’s regulated. Even if your broker has a license from a very reputable watchdog, it doesn’t mean that you will become a millionaire soon. Your major tool in trading is the capability to analyze the market correctly. If you are for some reasons still struggling to do this, don’t persistently try to enter the market. You’d better focus on demo trading. You should have enough practice and over time you will acquire this crucial skill. I don’t know how much time it my take - it’s all individual. As for this broker, it’s genuine, experienced and regulated, but the percentage of profitable trades is not the merit of HYCM, that’s my hard work.”

Posted 2 years ago

“I like the fact that this broke offers several types of accounts. In my opinion, it diversifies trading activity and makes it much more interesting and fascinating. It adds a bit of competitiveness, which means that you will improve your skills much faster, because you always will be striving for the best. Moreover, there is a quite convenient for, consisting from five questions, which can help you to determine which type is suitable for your style and your needs.”

Posted 2 years ago

“I don’t think too much when choosing a broker. I just make sure that it has a license and I don’t care about the rest. Even the best broker can’t trade instead of you, so you’d better focus on trading and not on finding the best broker. I scalp on the ECN account here and I can’t say anything special. I analyze the market, open and close trades and the broker doesn’t prevent me from withdrawing funds. That’s a normal broker in my understanding.”

Posted 2 years ago

“Nowadays it's becoming harder and harder to choose a proper broker for your needs in trading activity. It's explained by the presence of the biggest amount of broker around the whole sphere and all of them has their own peculiarities, drawbacks and advantages. So, firstly you have to assess the work of an expected broker in order to be sure that it suits your needs. HYCM gained my attention by its approach to traders. There is a quite responsive customer support, which help you any time you apply to it. Moreover, it has a great system of diversification traders according to their personal style and needs in trading. A smart system can help you to determine which type of account suits you most in order to ease your trading activity. Nevertheless, I'm not really okay with the system of withdrawing money, because the minimum size of withdrawin is 20$ and this fact makes me a bit disenchanted because I tend to withdraw small amounts of money, but one can state that it's nothing.”

Posted 2 years ago

“I have been trading with HYCM for several months and I really enjoy working with these guys. First of all, I like the fact that they support mt lineup. It is very important for me because I have always traded with mt4 and I don't want to change my trading habits. More than that, the broker offers different types of accounts with different trading conditions which is also great. It may seem a little bit complicated but there is a quiz which helped me to understand which type is more suitable for my trading style. The spreads are nice there, so you don't need to worry that the major part of your profits will go to the broker in the form of the fees.”

Posted 2 years ago

“As long as I trade in HYCM on minimal deposit I have no problems, in four months I have raised my account from $100 to $750 by myself, without any manager and depositing money. If I were asked to rate HYCM now, I would rate it five without question. But lately I am thinking to do some serious trading and deposit $10,000-15,000, but I am hesitating because I have not seen reviews about HYCM from people with big depo and I am not sure if I can trust them with such amounts. There is a fixed account with fixed spreads, as well as a classic account with floating spreads. I am comfortable using both accounts, each for its own trading strategy. I think I will open an account with big deposit here in the near future and later I will leave feedback how the trading went. I want to earn good money and not play around.”

Posted 2 years ago

“I’m satisfied with trading here. The broker is respected. With its 40+-year experience,it’s hard to say the opposite thing about it. Its trading conditions are no less attractive than its ultimate reliability. Of course, today it’s hard to surprise with tight spreads on ECN accounts. This broker also offers this service, although its ECN account is called differently - RAW. However, it also offers one rare thing - a trading account with fixed spreads - a Fixed account. That’s what I opened with the broker. Such spreads are very good for news trading because they are always intact, unlike floating ones, which always widen during volatile sessions.”

Posted 2 years ago

“In my opinion HYCM is a normal broker, I do not want to praise too much and there are some rough points, but I have not encountered any real problems that would seriously affect my earnings or withdrawal. I use pending orders, I don't violate the rules of risk management and I have no problems. My withdrawal is always within three days. HYCM trade conditions are transparent, if you take a day to understand everything there will be no problems.”

Posted 2 years ago

“It is very convenient to work with this broker. The first thing I want you to pay attention to is the fact that hycm is regulated by several jurisdictions. Perhaps, that is one of the most regulated broker I've ever seen. More than that, many traders work with hycm and they are quite satisfied with it, which makes the broker trustworthy. This moment is one of the most significant as no matter how well you trade if your broker is a scam, so that you'll never get your money back from it. This is definetely not about hycm. Speaking about trading conditions, they are also fine. I like the fact that the brokerage supports mt4 and mt5 platforms. This is really nice as I didn't have to learn how to use new platform in the process of switching the brokers which made the whole transition painless.”

Posted 2 years ago

“The most significant thing which this broker provides is the diversity of account types. I suppose that it adds a bit o competitiveness among all the traders, hence it increases their motivation to earn money and to become successful in trading activity. The main feature is that every account type has its own peculiarities which give traders a bit of advantage over other traders. Moreover, if you can't determine what type of account suits you according to your trading style, then you can answer severl questions and the system will determine it instead of you.”

Posted 2 years ago

“HYCM is a really reliable and decent broker and can be described by saying 'The best wine comes out of an old vessel'. This broker is for those who don't want to worry about scams and safety of their deposits. The broker was founded in 1977 and since then it preserves its decent reputation. More than that, it is highly regulated by various organisations. In addition to that I like the fact that the broker doesn't insist on using its own platform but allows its clients to use mt line-up for trading. It is of great importance to the most of traders as many traders will not experience any discomfort by changing thei trading partner.”

Posted 2 years ago

“I really like working with this broker. Everything is at the highest level, from bonuses on the first deposit to quick responses from support and constant updates of the website for easier use. The minimum deposit is not high, but due to the bonuses you can quickly increase it and immediately withdraw money. There is a commission, but it is small, regular users are allowed to withdraw once a month without it. There is nothing to complain about, they try to maintain the site as much as possible, both users and administrators themselves. I advise you to try working with him, so far everything is at a decent level. I use HYCM myself for the fifth month! I would also like to add that the broker has many awards at various competitions. It has been mentioned many times in the media due to its reliable work and good conditions.”

Posted 2 years ago

“When choosing a broker to trade on the foreign exchange market, it’s crucial to find a reliable partner. I mean a broker with regulation and decent experience. I’m prone to trusting such brokers because my experience shows that they are worth my trust. HYCM meets my requirements mentioned above, so I signed up with them. I should also note their fixed spreads. They are rarely provided in the brokerage industry. They give a good advantage when trading on a volatile market.”

Posted 2 years ago

“I have been trading with HYCM for three months now. Together with my friend we moved from another broker at the same time. Both he and I have heard about HYCM from the reviews and then we both tested the demo version of the trading terminal. After two weeks it was clear to us that the broker is really good. And I would like to highlight the execution because it is very important. My friend and I have been able to find after few days the quality and speed of execution, it is just great! The company works at a high level.”

Posted 2 years ago

“The thing that amazed me a lot when I firstly met this broker is that it's pretty variable. You can see here lots of instruments and you can trade whatever you want. You consider yourself as a successful shares trader? Then you can make money on this platform. In case you're sure that crypto is your element, then pay attention to this broker because you can trade crypto here with a max leverage 1:20. I suppose that it's quite convenient that this broker offers different leverages for various instruments. It's a good way to learn how to manage risks properly. If you're afraid of taking such risks on yourself then you can trade without leverage at all, nobody prohibits you.”

Posted 2 years ago

“This is a very successful company. This was enough for me to start trading here. Because I want to become successful and the reputation of the company in which I will work is important to me. HYCM has been working for a very long time and has a huge number of customers who write good reviews. They do this because the broker is honest and has everything to trade: MT4 and MT5, a lot of trading assets, good support and quick withdrawals!”

Posted 2 years ago

“Probably, like everyone else, I started out trading on currency pairs, but as I got out of the pandemic, I got carried away with Asian Indices. My former broker had a very limited selection of indices and the spreads were biting. So I started looking and went to HYCM. Excellent trading condidiitions and licenses convinced me. Now I'm very glad that I decided so. I made good money.”

Posted 2 years ago

“This company has long been interesting to me and so I opened an account here. This is my first time trading with such an experienced broker and I am sure that I can learn a lot here.”

Posted 2 years ago

“One of the few brokers that provides the ability to open an account with raw spreads. The spread here is only 0.2 pips. Some are intimidated by the $ 4 commission per trade. In fact, it pays off completely in volatile markets if you are trading non-minimum lots. This is exactly what the market is now.”

Posted 2 years ago

“What attracts me to this broker is that he has experience. I have always trusted experience and will always do so. Because I was not wrong. HYCM broker has proven to be a responsible company that can provide good trading conditions. I like low spreads .. like you all.)) I am also pleased with the choice. Fixed spreads or floating .. Different types of accounts. The broker even helps me choose the type of account that suits me. But I already understand what I need. I chose the Classic account. Spreads from 1.2. It's very generous. But .. there are other advantages. Trading platforms: - MT4 - MT5 An excellent choice))) I trade the legendary MT4 trading platform. This suits me and I feel complete control over the market. MT4 is the choice of professionals. Support and withdrawal of money .. Weaknesses of all brokers, am I right ?? )) I am lucky that HYCM broker has no problems with this)”

Posted 2 years ago

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HYCM is rated 4.5 based on 348 reviews