HYCM Reviews

Name: HYCM
Rating: 4.50

4.5 Rating 351 Reviews

92 %

of reviewers recommend HYCM

Company Reviews

Questions

Metrics

4.5

Based on 351 reviews


Customer Service
Communication Channels	Email, Telephone, Live Chat

Visit Website

Write Your review

Tell us how HYCM made you happy

Minimum 10 characters

Would you like to add a photos or videos?

Strengthen your review by uploading photos & videos.

Drag files here or browse

(Supported files: jpg, png, mpeg, ogg, mp4 & webm)

What's your name?

Leave this blank if you'd like to publish your review anonymously.

(Optional)

What's your email?

We need your email address to verify that your review is genuine

Please note that we may share your email with the company to verify your order.

Anonymous

Anonymous // 01/01/2019

Filter: Rated 5 None 5 Stars 4 Stars 3 Stars 2 Stars 1 Stars Helpful

“I liked the fact that here I could use fixed spreads (at an affordable price, if I may say so). And here they respond quickly to all your questions, it's a good service.”

Helpful Report

Posted 3 years ago

“When I was choosing my account type, I found a test on the broker's website. The purpose of this test is to help a future client of a brokerage to choose the best type of account that suits a trader and his preferences. And according to the test results, the Raw account suited me best. Of course, it didn't mean that I immediately opened this account type. I compared all 3 accounts, compared trading conditions on them, and came to the conclusion that the test has chosen the right account for me. The fact that many traders first open an account based on the test results, and then complain that the account doesn't suit them. The test should HELP you choose an account, not do everything FOR you. And many traders forget about it. Anyway, I liked trading with a broker, it's comfortable and safe to trade with it. This is exactly what I appreciate in brokers :)”

Helpful Report

Posted 3 years ago

“The broker has a very long and interesting company history. That's what caught my attention. I read about it in some reviews, and decided to learn more about it. Since the company was founded in 1977, I decided to try whether the quality of trading would differ from trading with the most standard brokerages. So I opened a classic account with HYCM and started trading on it. It is cool that a broker has as much as 3 trading accounts to choose from, and the trading conditions on each different. This allows you to try several accounts with different trading conditions and experiment a little in trading ;) As for me, it only gives you some extra opportunities in trading. But since I have already decided on my account type, my trading conditions are 1.2 pips, the min deposit is $100, the min deal is 0.01 lot, and trading with Expert Advisors. I haven't written about my trading experience, but I've been trading with HYCM for about half a year. So far I haven't had any problems, and I'm happy about it. Of course, I did find some minor drawbacks in brokerage work, but they didn't ruin my trading much)”

Helpful Report

Posted 3 years ago

“There is really good education that I tested myself. Other brokers offer fragmented education which is had to gather together and apply in real trading. this brokerage is much better in this regard, you really can learn how to trade there and it's perfect.”

Helpful Report

Posted 3 years ago

“It seems to me that it is not enough just to understand all the features of the market. That's why I think it's right to focus on a certain direction in the market, which you will understand best and which will become your reference on the market. In my opinion, this company is a bright representative of classical forex trading, and that's why it attracts those traders who are interested in independent work and in getting access to a wide variety of tools for analysis. I am really interested in it. Here I have learned how to analyze, keep statistics, choose assets that make up my business plan. I use variable spreads (from 1.2 points) because they are low and help me with long-term positions.”

Helpful Report

Posted 3 years ago

“This is multi-regulated brokerage that offers access to the world of trading .Among the regulators there are FCA and CySEC. For me that was the main reason to trade with this brokerage, as I like when everything is according to the laws. What about trading process there it's quite typicall, spreads are affordable for broker of such kind and assets list is wide enough to satisfy almost every trader.”

Helpful Report

Posted 3 years ago

“It seems to me that this is a rather conservative but open to progress company that remembers all the important things - demo, MT4, analytics, forex calculators - there is everything you need.”

Helpful Report

Posted 3 years ago

“My favorite brokers, sometimes spreads are higher than with other brokers. But I've tried other brokers and they much worse in trading, so I always came back. This brokerage really deserves the best point.”

Helpful Report

Posted 3 years ago

“My favorite broker. I've known about this company since the early 2000s, but as I understand it, Heynep has existed since the 1970s. It demonstrates the company's approach to business. It's not just a 5-10 year project that will then disappear, it's a company with a reputation that wants to work to maintain and improve it. It may not seem important to you, but it is. Only by trading with well known brokers that you protect your funds. Moreover, HYCM has all the necessary regulations, so from the point of view of the law you are also 100% protected. My experience with HYCM is very positive. I make 10-12% per month to my deposit and on average make one withdrawal in 1-2 months”

Helpful Report

Posted 3 years ago

“I'm trading because it gives me a huge amount of pleasure. But money, too, of course. And even some technical difficulties or problems don't embarrass me much, it's all temporary, but when you catch the "right wave" - you can really earn quite a lot, of course, if you have a good understanding of what you're doing. Not the last thing that matters is the brokerage company you've chosen. For example, in this one I am attracted to convenient services for calculations. And there are great articles and tutorials on forex. I recommend that you at least get acquainted with basic reviews.”

Helpful Report

Posted 3 years ago

“CLASSIC account is exactly what I needed. The broker's trading conditions were fully in line with my expectations and I'm more than happy about this fact.”

Helpful Report

Posted 3 years ago

“I feel very comfortable in this company, mostly because there is regulation and a clear user agreement. And there are also different trading formats, including raw spreads, which are now in great demand among traders who prefer short-term, dynamic positions.”

Helpful Report

Posted 3 years ago

“I'm trading big money, so I prefer regulated brokerage with clear conditions. Today there's a lot of unreliable companies and I even don't mean that they want to scam you. I just mean ther such companies may be good for brokers with small deposit, but if you're looking to trade big money - you should take care about security. Why I've choose this broker? That's combination of two factors - FCA regulation and good trading conditions. That's simple. I just need reasonable spreads and good clients' support combined with high reliability. There I get both of this sides, so I just trade.”

Helpful Report

Posted 4 years ago

“It's my first brokerage and I'm really satisfied with education there.I haven't tried rea trading yet, but education is really good. There are E-books and videos + blog articles, but the best one are webinars. I think that's top notch education, really designed to help people become better. I also wanna try Live events, but it's hard to afford =( I think it can really boost my understanding of the market + a lot of useful connections with other traders.”

Helpful Report

Posted 4 years ago

“There are all the necessary assets here so that you can form a quality investment portfolio. And at the same time you immediately see both the spread and the available leverage, which allows you to spend your time and work with maximum productivity.”

Helpful Report

Posted 4 years ago

“Training has now become an actual offer from many brokers. But not everywhere this content is qualitative. And here they have prepared brief, informative articles that can be applied in practice.”

Helpful Report

Posted 4 years ago

“Finally the spreads don't tend to take off all of the potential profits. Classic account is good to trade intraday and feel fine about broker's fees.”

Helpful Report

Posted 4 years ago

“In my humble opinion, even the coolest brokerage company with excellent service can not become a 1000% guarantee that you will earn. Because a lot depends on you. But when a broker... - provides a normally functioning terminal - does not impose any obscure or unproductive passive income formats - resolves any financial matters promptly - recalls the importance of market research and analytics ...this shows that a serious approach is really welcome and that the company is looking for long-term clients and values its reputation.”

Helpful Report

Posted 4 years ago

“Reliable brokerage, I think I don't even should write my own opinion, you can check reviews on the Web. That's just one of really worldwide brokers, I don't think it's correctly to compare it to others, as it's just another league.”

Helpful Report

Posted 4 years ago

“BROKER IS REGULATED, THE ONLY POINT YOU NEED TO KNOW. Other points don't matter, don't get hung up on them. Regulations is what realy matters and brokerage has 4 relialbe ones.”

Helpful Report

Posted 4 years ago

HYCM is rated 4.5 based on 351 reviews