HYCM Reviews

Name: HYCM
Rating: 2.78

2.8 Rating 784 Reviews

46 %

of reviewers recommend HYCM

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2.8

Based on 784 reviews

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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

“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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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!”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 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)”

Helpful Report

Posted 4 years ago

“Definitely a worthy broker. I have been trading for several months, they did not disappoint, support is always ready to help if you have any questions, and there have been no complaints about the execution so far. I'm going to try a stock account, it's interesting to try something other than currencies. On the positive side of this broker, it can be noted that the types of its trading assets are very widely represented. For example, the list of trading instruments contains about 200 different stocks, 14 types of cryptocurrencies. And also the fact that the average transaction execution time is up to 12 ms”

Helpful Report

Posted 4 years ago

“I like the trading conditions in HYCM. There are many such reviews. But I don't understand why the company introduced an account with fixed spreads. I don't trade on it because I believe that the spread for each asset at any given time should change depending on the current market quotes. Floating spreads are determined solely by the market situation. They don't suppose any interventions from the outside. Using a floating spread, I pay for each trade an amount exactly equal to the difference between the bid and ask prices for a given asset at the trade time. Thus, no one, including the broker, can determine in advance the size of the spread and guarantee the hypothetical profitability of a trade. I want to trade with transparent conditions. That's why I chose a broker with good regulation and positive feedback. The HYCM reviews are good. And also, the broker is multi-regulated. So I'm not worried about my capital here. And it's the most essential factor for me.”

Helpful Report

Posted 4 years ago

“During my first acquaintance with hcym, I was pleasantly surprised that the broker had timely price alerts, pop-up notifications, excellent market analysis and an economic calendar. At first I was disappointed with the interface of the site, not finding the usual drop-down menus. But having figured it out a little, I use the site with pleasure. What makes me especially happy with the broker is the presence of low spreads from 0.2 pips”

Helpful Report

Posted 4 years ago

“I started trading with the HYCM broker because I needed an experienced company. Besides, regulation and license are also important for a broker. After an easy registration, I started trading demo. To be honest, I only traded for 1 week .. Potom started trading for real money, because this is the only way to learn how to trade 100%. HYCM had good trading conditions and low spreads. Thanks to this, I was able to withdraw the first $ 1300 to the card, which I earned in two weeks.))”

Helpful Report

Posted 4 years ago

HYCM is rated 2.8 based on 784 reviews