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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 5 None 5 Stars 4 Stars 3 Stars 2 Stars 1 Stars Helpful

“During the whole trading career I never met such a broker like HYCM. Yeah, of course, I traded with tons of brokers, but for an unknown reason - hycm turned to be one of the most eminent in my life. Gotta describe a bit why I suppose like that. 1. firstly, hycm trading accounts are super cool, because the conditions afford traders to choose what is closer to them. for example, if you are a scalper, then perhaps, floating spreads can be more beneficial for you (you can pay attention to classic and raw accounts). If your trading strategy is quite restrained,and you comply with conservative risk management, then you can pay attention to the fixed account. Spreads 1.2 pips... Might be widened in case of high volatility, but it's okay. 2. The second thing is customer support team. I had a problem shortly after the registration, I lost the access to my account accidentally and had to apply to customer support. Guys helped me to restore the access to my account and what was crucial for me - they have done it within 10 minutes. It was super fast and I really appreciate such an attitude.”

Posted 1 year ago

“frankly speaking, didn't notice here any cons. the company fully satisfies my needs in trading and I hope someone's needs as well.”

Posted 1 year ago

“deposited money for the first time here quite recently and I liked the fact that they were received on my account within minutes. it's pretty convenient in my opinion, broker understands that traders hate when the processes of withdrawing and depositing money are distended. think that these days it's much more convenient to have a broker where the money are deposited right away without any delays. traders like this. HYCM is cool.”

Posted 1 year ago

“safety of funds prevails over other insignificant aspects, imho. hence I have chosen this company as the primary broker. it has proven me that it cares about funds security.”

Posted 1 year ago

“I want to share my experience with customer service. For all my questions, I received answers in shortest time possible. Here example. Once I duplicated payment by mistake. I did not know what to do and contacted support service. My account manager told me to request withdrawal. In the end, money returned to my debit card within few days. Manager explained to me that if I accidentally funded my trading account in future, I should withdraw money in usual way. So now I am careful with my funds! In all other situations, I also received help from my manager. In my opinion, customer service is very professional.”

Posted 1 year ago

“HYCM is experienced broker. I mean, they've been in business for over 20 years. In that time they've learned how to interact with their clients. Let me tell you about myself. We know that significant economic and political events have powerful influence on financial markets. That's why I always follow news in my trading. It's very convenient to use economic calendar. Let me tell you what it is. It is list of news events of day or week with brief description of their influence on market. Calendar that HYCM provides is very informative and easy to use. Stay tuned, friends.”

Posted 1 year ago

“When it comes to safety and reliability HYCM is the one that I think of. It has all the necessary features for a broker, nothing excessive. 1) decades of brokerage experience. I think hardly any broker company can compete with HYCM on that. It has such a long history, sometimes it seems that it has been on the market forever, since the dawn of humanity. 2) tradable entities. HYCM broker gives access to 300+ assets across five markets. There are companies with many more instruments available. But, ask yourself, do you really need that many? It's good in theory, but in reality you usually use 3-5 assets on a regular basis, maybe 8 at most. So I think 300+ is more than enough. Ultimately if a trader can’t trade successfully 20 instruments, 10,000 won't save him. 3) platforms. HYCM has only meta trader platforms 4 & 5, just the good stuff. It’s convenient, established, and reliable. 90% of traders know how to deal with it. And if you don’t, you should start learning it, because it's an industry benchmark. The bottom line if you are looking for a broker with stable performance, HYCM is the one”

Posted 1 year ago

“When I opened an account with this broker I got comfortable trading conditions.Before I opened account, I carefully read these terms and conditions. They are completely suitable for me. I am constantly learning new things. And I am implementing new ideas in my trading. I am sure that they will be fully suitable for my future trading. If something doesn't fit, I will be able to change my account. Broker offers several account types to choose from. Each of them offers unique conditions.”

Posted 1 year ago

“to make money you dont need much deposit but only BRAIN and trustworthy BROKER! even youngsters opening accounts and trade with profits. why cant you. hycm gives all tools, markets and opportunities.”

Posted 2 years ago

“I always choose a trusted brands. user-friendly website. an excellent example of what broker should be. They have also a great choice of instruments for trading. The minimum deposit here is only $100, I think it's great for beginners. Recomended!”

Posted 2 years ago

“I would like to tell you about their webinars. We are all used to the fact that for most brokerage companies, webinars are purely an advertising when they show you what a wonderful company you are and how many opportunities there are. HYCM did something completely different. They made a really educational format that gives you an understanding of some new processes or terms and with which you can understand something. Real examples. complete algorithms. New strategies.”

Posted 2 years ago

“A few weeks ago I made a very important decision. I opened an account here. HYCM broker provided great offer. I read some reviews and I was impressed. I don't want you to think that I'm advertising the broker... this is just my HYCM review... that's all... Anyway, I liked that this company has been around for a long time and is probably one of the leaders in the industry. Moreover decent regulators approved HYCM... guys, that's saying a lot. First of all it's legal and fair! Secondly, money is protected. Of course even God does not give 100% protection so you should always be careful. When you create an account, a password or just trade. My experience with HYCM is positive and I glad I made my decision.”

Posted 2 years ago

“This broker, of course, has some disadvantages. But they are not of great importance. But the advantages are significant. I know what I am talking about because I have been trading with HYCM for more than two years. There are a lot of trading instruments and I like them. Execution is in fast enough. My withdrawal is not as fast as I would like it to be. Especially since I use bank transfer and it always takes longer.”

Posted 2 years ago

“It was very interesting to try CFD trading. I didn't really know what it is before. HYCM offers to trade stocks while you don't have to buy it really but make money on price differences over a period of time.”

Posted 2 years ago

“My friend once told me to pay attention to HYCM broker. Previously, I was trading with another broker and actually successfully, I managed to earn 500$ within a month and I am proud of it :) He told me thag the conditions here are twice better and invited me here. Y started to egt acquianted with the company and it took just half of the day, lol, don't be surprised, I thoroughly read all the information, provided on the website in order to understand what I am going to deal with. YOU MUST READ TERMS AND CONDITIONS. NEVER AVOID IT. Be a wise trader, do the same. Already making profits. Brokers have quity a similar condition - so the main thing is to be sure you profit will be withdrawn. I'm sure in HYCM”

Posted 2 years ago

“HYCM is in the top 5 of my fav brokers. Not just because it's a well-regulated broker. I know how to distinguish reliable brokers even don't look at their regulations :) If you wanna have such skills, develop in trading and receive experience. A fixed account is my fav one, mainly because the spreads here are fixed. what a surprise huh? :D Anyway, i'm good with HY”

Posted 2 years ago

“HYCM seemed to me pretty odd when I first met it. Anyway, I decided to try trading with it. After a couple of days of trading on the demo account, I understood that I was mistaken. Demo trading here is ordinary, nothing unique. The special form that determines which type of account suits you most is innovative. I have never faced in my trading career something like this. For sure, it's a pretty helpful system for new traders who can't understand what conditions would suit them most.”

Posted 2 years ago

“I think that no one doubts the reputation of HYCM, a company with a big name and long years of work, which proves that there are many traders in the company who trade for a long time and who remain here. They have some rules due to the fact that there is regulation, including the fact that there are some restrictions on bonuses and other ""chips"" that actively involve other projects to attract customers and other things. I take it easy. It's all tinsel that doesn't make a huge difference to performance and capital control. Among the terminals, I chose MT4 because I had experience with this before and I realized that I did not want to experiment or anything like that, so I'd better stop there. While the work goes on as usual, there are profitable days, there are drawdown moments when I don’t really understand what is happening, but in general, I can still evaluate the result as positive, because I still manage to make a profit, if we take statistics for every single month. So everything is definitely going according to plan.”

Posted 2 years ago

“Most of all, I like the fact that HYCM has so many different account types which are suitable for different trading styles and conceptions. I mean that a long-term trader should have different trading conditions from a scalper, for example. HYCM offers three different types of trading accounts and they are marvellous if they are used properly. More than that, if you still don't know which one will suit best, you can make a short quiz which will help you understand the type of account that you'll need.”

Posted 2 years ago

“I totally appreciate the fact that hycm has an awesome system of trading statuses. I mean that all of us are different and we all have different trading strategies and different perception of the market. HYCM realised this fact and offers different trading conditions for different trading styles. That is really cool.”

Posted 2 years ago

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HYCM is rated 4.5 based on 347 reviews