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HYCM Reviews

4.5 Rating 347 Reviews

93 %

of reviewers recommend HYCM

Company Reviews

4.5

Based on 347 reviews


Customer Service
Communication Channels	Email, Telephone, Live Chat

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HYCM 5 star review on 16th August 2023

Anonymous

Anonymous // 01/01/2019

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

“Multiregulated company and that's all you need to know about it I think. Reliable, with responsive support. I'm trading it for 4 years, no problems at all, so I think brokerage is good =) No copytrading, but I don't think that's significant disadvantage=)”

Posted 3 years ago

“I want to leave an HYCM mobile app review. It's the only broker in my memory that has a great app. Usually, these programs are a bit underdeveloped. But I can tell right away that this company values its reputation. That's why there are many useful features in the app. So the app is terse, and the interface is understandable. I can get notifications about important news with a short explanation. I especially like this last feature. Thanks to it, I have made a couple of big profits. It allows me to track what is happening in the market promptly. I like the conditions in HYCM. I have read many reviews about how difficult it is to choose the company's type of account. I don't understand what the difficulty is. Because each type of account is accompanied by a clear description. Plus, there is also a test to determine what type of account is appropriate. I also like the fact that the minimum deposit in the company is really minimal. For such a large broker, this amount is very acceptable. In my opinion, it is the lack of built-in analytics in the terminal only. I would like to make it even easier to prepare for trading. But this is my personal review. Maybe it's a little subjective.”

Posted 3 years ago

“Clear conditions with the right serbices for modern traders - calculators, webinars, different types of spreads, reasonable commissions”

Posted 3 years ago

“HYCM has a lot to offer both for beginners and professional traders. And I think that's good that brokerage isn't overconcentrated only on one part of audience and tries to satisfy both ones. For professional traders HYCM would be definitely good for 2 reasons: 1) It's regulated. And that's not simple CySEC regulation, HYCM also has FCA regulation and that's even more reliable one. Yeah, I know they belong to different legal entities, but we know that's just a formal thing, they're all part of the Heynep Group and are contolled from the signle headquarter. 2) Story behind the company. Something new is cool if we don't speak about our money. When it comes to business, investing or simply managing our funds, all of us would prefer sth that's proven by time. As HYCM operates since 1970s it has a long-standing reputation and a strong old-clients database. And that's exactly what professionals are looking for. For beginner traders HYCM has also sth to offer. I mean: 1) There's education. And yeah, everything except workshops and webinars isn't so good to make you trader, but these live activities overshadow weak primarly education. For example, I came to HYCM as experienced traders, but I got a lot of usefull things with its webinars. 2) Economic calendars and other stuff. Pros aren't using them, as they're using more complicated ways to get news and insights: BI Intelligence, Bloomberg, etc. But if you're beginner, I think you would be satisfied with all info gathered in one place, so no need to search for info and re-check it. I don't mean that's the best brokerage in the world, I know some of its flaws, as well I have read a lot of HYCM reviews where people explained what disadvantages they found in that company. But if we look 'in general; than HYCM is no doubt a place I'm satisfied with.”

Posted 3 years ago

“Acutely well-publicized company. It's obvious that a lot of money has been invested in the app. But everything works really great here. I'm satisfied with the trading conditions the company offers.”

Posted 3 years ago

“HYCM is a fine brokerage, IMHO. I started trading there not so long ago, but already now I can say that it offers quite adequate trading conditions. Maybe they aren't so diverse, but they are suitable for almost every trader. Firstly, I have some doubts about this brokerage but it's regulations made me trading there. Secondly, HYCM has a fairly positive reputation in the traders' community, that also builds a trust. Of course, I checked everything twice and brokerage justifies its reputation. The only difficulty I had with it was choosing the type of trading account. HYCM offers 3 of them, and on each one trading conditions are slightly different. Seriously, choosing the right account type took some my time, but finally I decided to trade with Classic one, it feels like the most suitable for my trading strategy.”

Posted 3 years ago

“The broker has quite tight spreads for Forex trading. But what I like the most is that the broker is multi-regulated. Because a broker without regulation is very unreliable. In investment business it is just must-have)”

Posted 3 years ago

“My interest in this company arose due to the presence of several regulators, I was surprised that they decided to provide access to clients from different countries, while making it equally accessible and safe for each client. This shows the serious intentions of the company and that it seeks to maintain its reputation (by the way, for over 40 years!).... For services there will be no surprises, there are classic MT terminals, which have many indicators, settings and timeframes, so that you can accurately perform calculations. And if you notice any difficulties, be sure to try to use forex calculators, with them you will definitely not make a mistake....”

Posted 3 years ago

“I did not understand a little bit about the withdrawal of funds, contacted the support team - everything prompted me and I received the money after only 1 hour. Thank you for your immediate help.”

Posted 3 years ago

“Originally, I was attracted to its diversity of account types. It was really unusual and cool. Most brokers that offer the choice of account - trading conditions on these accounts are almost the same. But at HYCM all trading conditions on each trading account are different, and you can even get a little confused)) But when I took a closer look at the broker, I realized that it isn't all interesting that it has. This broker actually has a very long and interesting company history, it is in this business for a long time. And also HYCM has an excellent regulator, which will guarantee the protection of your investment. That's all I wanted in my future brokerage, so about a year ago I opened an account here. And now I'm very satisfied with my trading, and with all my experience I gained with HYCM.”

Posted 3 years ago

“Personally, I didn't find anything that would make a broker stand out in any way. It has comfortable trading conditions, but so do many brokers. It is a reliable broker, but it also has some small disadvantages. For example, I don't like the fact that at a broker has a choice of account types, but they are all very, really different. I would like to see that the trading conditions on each type of account aren't that different, as it really becomes difficult to choose. On the other hand, brokerage has a test to help you choose your account type. But even so, it still turns out to be too confusing. Generally, I'm satisfied with the broker's work, but it still has something to work on.”

Posted 3 years ago

“I am satisfied with the fact that here you can work with different terminals and with different instruments, indicators, it allows you to develop and adapt to changing market conditions...”

Posted 3 years ago

“I think that now trading is going through a good period, because it becomes more popular at a time when people can't implement some projects in reality, and here you can work without leaving your own house and it's really something new for people who have never gone beyond the limits before. And this is really good news, because this is a real perspective that I saw in this business many years ago. And it's really understandable if you find a brokerage company like this. Because it was able to organize all the conditions for a person to understand what the market is and see all the opportunities. This is where I learned what raw spreads are and how you can use them in your work. That's where I figured out the calculations of profit and free margin.”

Posted 3 years ago

“if you've been unfortunate enough to come across an infectual trader and as a result you ended loosing your money, I'm recommending these trustworthy and field-tested Recovery Expert Team.. contact at angelacanutt @ gmail. com for help relating to trade loss or withdrawal issues.”

Posted 3 years ago

“It wasn't love at first sight for sure. However, after several month I can claim that the broker deserves trust. My trouble was the choice of a trading account. I trusted the 4-5 questions test that they've had on the website that was supposed to help you deal with this choice and offer the most suitable account type. I was new to forex trading back then and had difficulties to understand which fees approach would be the most favorable in my case. In any case, all eneded well, I spoke to the manager and was offered to transfer to the other account type which made me much happier client. In general I can recommend the broker.”

Posted 3 years ago

“Just ok regulated brokerage, sometimes spreads are higher than with unregulated brokers, but I'm ready to pay more to know that I'm trading with sustainable brokerage that won't scam me.”

Posted 3 years ago

“In over six months of trading here I only had 2-3 slippages and that probably was not the fault of the broker as those stop-loss orders were executed at the time of the news release. Can't complain about support either. I don't know what else to wish. from the broker. The only thing that could actually be improved is probably the fees policy.I registered an account with the fixed spreads and this was probably not the best idea. Looks like the trading costs can be lowered significanty if I swith to raw account or at least a standard one.”

Posted 3 years ago

“I think it's one of those brokers that immediately explain all the terms of cooperation, etc., so that you don't have any questions later. You just look at their website. Where have you seen such a clear and detailed description of all services? When their manager called me to clarify whether everything is fine and there are questions, there was nothing to ask. Everything is clear. And separately it is worth highlighting their trainings, which are designed for traders with different levels of training and approach to the market, here you can always find something useful for yourself.”

Posted 3 years ago

“What attracted me personally was that it wasn't huge fixed spreads. You can really use it (from 1.8 points) and it will not be too expensive for your capital.”

Posted 3 years ago

“Tight spreads are really valuable to me, as I scalp. Here I use classic account with no commissions and variable spreads. For my trading style this is the most favorable one in my opinion. You have to keep in mind that depending on your location (country of residence) you will be attached to one of the following HYCM subsidiaries: - FCA regulated - CySEC regulated - CIMA regulated - DFSA regulated Considering that all of these branches have the same root with an established and legal company - I don’t think there is a need to worry about the transparency of all the financial operations, quotes and all the other things that worry traders so often.”

Posted 3 years ago

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HYCM is rated 4.5 based on 347 reviews