HYCM Reviews

Name: HYCM
Rating: 4.52

4.5 Rating 347 Reviews

93 %

of reviewers recommend HYCM

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4.5

Based on 347 reviews


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Boaz Smits

Anonymous

Anonymous // 01/01/2019

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

“trading platform has good analytics, you can get pretty accurate forecasts. reliable broker”

Helpful Report

Posted 2 years ago

“I think I made the right choice when I decided to open a HYCM account. This is the broker that offers raw spreads. It's actually very cool and I've been looking for a long time for a company with similar conditions but it turned out to be difficult.Besides raw low spreads it is also important for me to have convenient software and lots of trading assets. It is necessary to have a volatile asset at any time of the day.”

Helpful Report

Posted 2 years ago

“I like the fact that HYCM is an old and reliable broker. The thing is that my first experience in choosing a broker was very pathetic. I happened to trust my money to the absolute scam because of the fact that I didn't have any decent experience in trading and communicating with brokers. It was some trading forum which convinced me to choose that broker and I learned a lesson that it is better not trust reviews which are posted on trading forums because they can be insincere and pretty misleading. The problem was really widespread: I couldn't withdraw the money from that trading account. The broker kept silent and its customer support didn't work well and didn't help me solve this problem. Luckily, I didn't deposit much money there but it was still sad to lose the money like that. So, I came to hycm just because of my friend's recommendation. I was still distrustful, but I paid my attention to the objective facts: like history of operations and official regulation. HYCM has four official regulation and it was founded in 1970s. I guess that it is one of the oldest brokers on the market today. Surely, the first thing I tried was withdrawal and it was really fast, which made me believe that hycm can be worked with without any fear of losing the money in vain.”

Helpful Report

Posted 2 years ago

“HYCM broker has been on the market for a very long time.Usually, if a broker is not young, then gradually their quality becomes obsolete, and brokers take only by reputation...What cannot be said about HYCM broker? The broker is still developing. There is something new all the time.So, despite its more than 40 years on the market, I can call it a modern broker. The broker often holds seminars/webinars, the topics of which you can find on the broker's website. For example, in December I attended the seminar "Trading Into Year End: All You Need to Know"...it was cool)”

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Posted 2 years ago

“It was not enough just to find a normal company for trading. When I saw an advertisement of HYCM somewhere, I got interested. I was surprised that the broker has been operating since... Let It Be came out or what? Well, pretty much like that. I was eager to pay little wider spreads to have this much confidence in the brokerage reliability. It totally deserves it!”

Helpful Report

Posted 2 years ago

“That's an affordable and credible European broker. I can say that the spreads here are not the smallest on the market but the service is top-notch. I would especially like to note the analytical support. The analytics is regular here, it is really helpful if you apply your knowledge and not just blindly enter the market. So I am completely satisfied with HYCM.”

Helpful Report

Posted 2 years ago

“There are not so many brokers nowadays which can afford to have so many official regulations as HYCM. It is quite a rare occasion for the broker tobe regulated in every part of the world. it means that HYCM is reliable enough to meet all the requirements of the regulators which is not an easy tasks because there are so many different filters and criteria. Speaking of trading conditions, they are quite competitive but not the best on the market. I feel that it is connected to such a tight regulation and huge expenses associated with that. All in all, a broker needs to earn the money as well in the form of different charges. However, hycm charges are not so big that a trader would have to give all of the profits to the broker in the forms of fees. This broker supports mt platforms which is also pretty good. Metatrade has become a kind of a standard of trading worldwide. THat is why I think that most of the traders will also regard this as a pro.”

Helpful Report

Posted 2 years ago

“If you are looking for an honest broker with a wide range of opportunities and tools for making money, then I advise you to pay attention to the HYCM company. I have been trading with this broker for a year now and have never regretted it.”

Helpful Report

Posted 2 years ago

“I think I need more time to make more money. I currently trade with HYCM for only 3-4 hours a day. This is just the beginning. I decided to test and check how transactions are executed here and how money is withdrawn. I think I will trade here all the time because I like my result!”

Helpful Report

Posted 2 years ago

“Every website you go to, everywhere they write, like in three months and a hundred dollars, and in six months a million and a beautiful life. I was not like that at all. I will not discuss about others, I will speak for myself. I have been trading for 2 years now because I am stubborn and I usually go to the end. In the first year I lost a tangible amount. I have been trading with different brokers, analyzing and testing strategies. Then I have found HYCM, a good broker and I have got profit. I was glad of it, but my main job was inefficient, the indexes went down and my boss began to complain. I decided to take a robot for a test on the recommendation of a friend. The entry threshold is low, I did not even think for a long time, deposited $400 for the test. In addition, HYCM supports all kinds of algorithmic trading. I have understood at once advantage of this Expert Advisor, it trades 24/5 without control. I do not need long training. Just buy it, make a deposit and start trading in an hour. And the main thing is that you are already in the big profit.”

Helpful Report

Posted 2 years ago

“I am sure that in the future this company will have even more services and opportunities. I am not saying this for nothing. Broker HYCM is part of a large company that has been providing financial services for over 40 years. I am a conservative person and always trust only great experience. That is why I decided to open an account with a HYCM broker. In addition, I liked that the broker provides trading software from MetaQuots and is regulated by several financial institutions.”

Helpful Report

Posted 2 years ago

“HYCM has been in business for over 40 years, its assets are represented very widely, there is a large selection of accounts for trading and there is a support service in popular messengers: Skype, Viber, Telegram, Watsap and Facebook. I tried trading on their mobile platform, I can say that it is one of the best; fast order execution speed and no hangs on the trading platform. The broker's support team is available in 14 languages, when I switched from a fixed account to a floating account I was happy to chat in my native Spanish. The broker is proven with a lot of experience, I recommend it.”

Helpful Report

Posted 2 years ago

“A friend of mine advised me to join this broker. He has been already trading with it for more than a year and has only a positive impression about it. I also conducted a sort of research about the broker and learned about its license, although I more trusted my friend rather this legal official information and my friend was right. I can also confirm that it’s a good broker for me. I chose a Raw account because it’s universal. It offers tight spreads so it can be good for both scalping and long-term trading. So, it’s the same as ECN accounts provided by many brokers today.”

Helpful Report

Posted 2 years ago

“It’s hard to label this company as a scam given its rich experience of working in the industry and the availability of a licence. What’s more, it has both fixed and floating spreads, but I lack cTrader here. I hope they will add this platform soon.”

Helpful Report

Posted 2 years ago

“Today I have withdrawn my first thousand dollars from HYCM, although I came to trade with a minimal set of knowledge. The broker lets you earn and develop. I recommend using its services to everyone who wants to change their life. I am happy that they do not bail and do not disappear after depositing. I'm not worried about the safety of my money here.”

Helpful Report

Posted 2 years ago

“I like the fact that this broke offers several types of accounts. In my opinion, it diversifies trading activity and makes it much more interesting and fascinating. It adds a bit of competitiveness, which means that you will improve your skills much faster, because you always will be striving for the best. Moreover, there is a quite convenient for, consisting from five questions, which can help you to determine which type is suitable for your style and your needs.”

Helpful Report

Posted 2 years ago

“I don’t think too much when choosing a broker. I just make sure that it has a license and I don’t care about the rest. Even the best broker can’t trade instead of you, so you’d better focus on trading and not on finding the best broker. I scalp on the ECN account here and I can’t say anything special. I analyze the market, open and close trades and the broker doesn’t prevent me from withdrawing funds. That’s a normal broker in my understanding.”

Helpful Report

Posted 2 years ago

“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 2 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 2 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 2 years ago

HYCM is rated 4.5 based on 347 reviews