HYCM Reviews

Name: HYCM
Rating: 2.76

2.8 Rating 815 Reviews

45 %

of reviewers recommend HYCM

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2.8

Based on 815 reviews

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Anonymous

Anonymous // 01/01/2019

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

“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....”

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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.”

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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...”

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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 5 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 5 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 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

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Posted 5 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.”

Helpful Report

Posted 5 years ago

“I started warking here as this is a non-dealing desk broker, they are regulated and therefore will be making money with commissions, not trying to steal all of my money instead. Probably I'm supposeed to review the executiosn speed or something like that here. However, I am not very competent in this sphere and I can't notice when executions are few milliseconds faster or slower. However I can tell for sure: there was one withdrawal done and the money arrived fine.”

Helpful Report

Posted 5 years ago

“I am simply a member on HYCM. I have not started trading with HYCM as yet but whenever i sent an query, i always got satisfactory reply specially from Mr. Hussam. As now I want to start trading, who will be helping and guiding me. Regards.”

Helpful Report

Posted 6 years ago

“It is a quality company, which knows how to organize the work of its employees (in particular, technical service) and make the client satisfied. The only thing I lack is training materials. Yes, they are, and they are filled with useful information... But I would like something more original for advanced traders. I know a classic myself...”

Helpful Report

Posted 6 years ago

“Broker with a constantly growing number of regular clients and trade turnover. I am now with you too, especially with normal floating spreads of only 1.2 points. By the way, fixed spreads - from 1.8.”

Helpful Report

Posted 6 years ago

HYCM is rated 2.8 based on 815 reviews