HYCM Reviews

Name: HYCM
Rating: 2.79

2.8 Rating 847 Reviews

46 %

of reviewers recommend HYCM

Company Reviews

Questions

Metrics

2.8

Based on 847 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)

Whats 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 // 01/01/2019

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

“This is another good broker in my portfolio. For five years of intensive trading I have never relied on one broker. Instead, I pursue another policy. I try to diversify my trading capital between several brokerage services. To be exact, as of now I trade with up to ten brokerage services and the tenth one was recently chosen by me. That’s HYCM, one of the oldest brokers in the world. Its year of foundation is 1977. I learned about this broker from reviews. It’s no wonder that for a long time I knew nothing about this company because as a rule veteran brokers are not aggressively promoted unlike younger projects. But veteran brokers have a steady audience and reliability. The latter is especially crucial for me because I want each of my brokers to be reliable enough. I never scalp with my brokers. I hold long-term trades only and HYCM is no exception. I opened a Fixed account here. With this broker, I hold long-term trades on currency pairs and metals. I already tested withdrawals here and I’m satisfied how their managers held my requests.”

Helpful Report

Posted 5 years ago

“I couldn’t overlook this broker because I’m a very conservative trader. A broker with one of the richest experiences in the industry is what I need. I registered a Raw account with the broker because I find it universal. I can use it either for scalping due to very tight spreads or for long-term trading. The quality of execution here doesn’t give me any reasons to complain.”

Helpful Report

Posted 5 years ago

“This is a broker with acceptable trading conditions. You can start trading with a minimum deposit. You don't need thousands of dollars to do this. The company has nice fixed and floating spreads.”

Helpful Report

Posted 5 years ago

“This broker is very classical. Here you can hardly find anything innovative, such as modern cutting-edge trading platforms or catchy bonus promotions. Instead, you can count on Metraders as the only trading solution and… ultimate reliability. Of course, the latter is of supreme importance for many traders. If you need just a reliable partner without whistles and bells, then this 40-year old broker would be the optimal choice.A reliable broker is a great thing that makes you forget about extra features. I tested this broker for two months and I didn’t discover anything negative in the trading process. Requotes didn’t show up and the broker didn’t try to offer me another price instead of the requested one. When deciding on this broker, keep in mind that European branches of the company can’t offer you high leverage due to regulation restrictions. It’s probably the only downside of this company, although that’s true not for all of its branches. Visit their official website to learn about leverage restrictions in different areas.”

Helpful Report

Posted 5 years ago

“For me, HYCM has long ceased to be something unexpected, I have been trading here for almost 5 years and I can say that during this time, experiencing good moments and heavy losses (in the first year of market development) I never wanted to change the company or give up trading generally. I myself understood my mistakes and often faced strong excitement that did not allow me to think about my own prospects. So it is not surprising that I often made mistakes, but over time, with the help of constant practice and demo and the recommendations of my analyst, I still managed to become a real trader and correct all the mistakes that I made before. I cannot say that HYCM reviews will show you all the advantages and features of this brokerage company, because a lot depends on your personal preferences and work habits. But here you can really work and even study, and there are no difficulties with financial issues. I think you'll like this.”

Helpful Report

Posted 5 years ago

“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=)”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 years ago

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

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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)”

Helpful Report

Posted 5 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....”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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...”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 6 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.”

Helpful Report

Posted 6 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.”

Helpful Report

Posted 6 years ago

HYCM is rated 2.8 based on 847 reviews