HYCM Reviews

Name: HYCM
Rating: 2.82

2.8 Rating 879 Reviews

47 %

of reviewers recommend HYCM

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2.8

Based on 879 reviews

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Anonymous // 01/01/2019

Sort by: Most Recent Most Recent Highest Rated Filter: None 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.”

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Posted 5 years ago

“I like this brokerage company for its trading conditions. Namely, it's a small deposit and excellent regulation. Other companies with the same regulation I can't afford. The broker is perfect, and I'm glad the withdrawals are fast and straightforward here.”

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Posted 5 years ago

“Personally I really enjoyed the HYCM reviews and webinars. It seems to be nothing special, but on the other hand there is accurate data and predictions - and I can really use it in practice. Recommended.”

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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.”

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Posted 5 years ago

“I got acquainted with this area not long ago. My friend told me about trading about the opportunities and suggested a broker. Of course, there is a lot of fraud and dishonest brokers in the field of trading. Therefore, I am very lucky with HYCM. I spent a month studying and practicing on a demo account. Fortunately, the broker gives you the opportunity to study for free. I tried different strategies from a friend of mine, and he advised me to use the MT5 platform and not MT4. Because Metatrader 5 has all the necessary tools and many more indicators for more reliable analysis. I made my first deposit of $ 400. Of course, this is the amount of the minimum trade for a professional, but for me, it is a balance for advanced training. Heh :) Despite the restrictions on the use of bonuses (not all traders can use them here, it all depends on the country of residence), here you can be sure that the connection with the servers will be stable. The money can be withdrawn without delay and any problems at all. You must understand that you can only work here independently. There are no PAMM accounts and passive formats, but this is really important. A complete understanding of the market and independent, active work is what can lead to stable profits and confidence that your money and your position in the market will be in perfect order. I have read many reviews about HYCM. Most of the users are experienced traders. I think that a broker is suitable for those who have an understanding of trading or really want to understand. The broker is reliable. I recommend it to everyone!”

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Posted 5 years ago

“I like HYCM for its trading conditions. Namely, it's a small deposit and excellent regulation. Other companies with the same regulation I can't afford. I like everything else except that it was hard to decide what type of account to use initially. The test was not of much help. In the end, I came to the right type of account by experience. I'm satisfied now. The broker is perfect, and I'm glad the withdrawals are fast and simple here.”

Helpful Report

Posted 5 years ago

“This broker didn’t disappoint me. That’s so good that I finally found the peace of mind with this broker. Of course, before joining this company I took some time to research the company before registering with it. What I learned about the broker from reviews gave me a hope that it’s not another scam. It gave me some courage to have a try. The registration process was fast and hassle-free. I didn’t require assistance from their customer support team. I chose a Raw trading account due to the lowest spreads. I found no difficulties in trading here because the broker executes orders perfectly, which is in line with its reputation.”

Helpful Report

Posted 5 years ago

“After a two-week testing period, I decided to continue trading with this broker. I didn’t discover any hitches in the trading process. Besides this, I also successfully tested withdrawals with the broker”

Helpful Report

Posted 5 years ago

“I can't imagine what kind of person could write negative HYCM reviews, because in my opinion this brokerage company is doing a great job and there is always money to be made and there is always something to learn. I don't want to talk about the services, but I definitely want to talk about the people who work here. And I can responsibly say that HYCM has true professionals who understand very well how they can help clients in different situations and who are always there for you, so you can quickly solve any problem, withdraw money, etc. You should agree that this is really rewarding and helps you to concentrate on the matter at hand.”

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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

“I've been working with this company for over 2 years now, and I can tell you anything about it that might interest you. Yet I don't think you will learn anything special and new from me. This company was a clear proof that it is a good thing for a brokerage company to be regulated. Despite restrictions on bonus usage (not all traders can use them here, it all depends on country of residence), here you can be sure that the terminal will work without fail (this company gives access to two versions of MT), and money will be withdrawn without delays and without any significant problems at all. You have to understand that here you can only work on your own. There are no PAMM accounts or any passive formats, but this is really important. Because a full understanding of the market and working actively on your own is what can lead to stable profits and to the certainty that your money and your position in the market will be absolutely fine.”

Helpful Report

Posted 5 years ago

“It’s an example of a broker you can rely on. It’s really reliable. It’s hard to tell the opposite about the company operating on the market since 1977.However, before opening an account with them, keep in mind that the broker’s EU branches offer low leverages due to local regulation restriction.”

Helpful Report

Posted 5 years ago

“This company has a handy mobile app. I like the ability to set price alerts there. In the past, I often had to deal with situations where the asset I was looking for just went up or down, and I missed the price movement. I really regretted that I wasn't at the terminal in time. I was looking forward to trading this asset for so long, and I missed it. Now with this broker, this problem is solved. And I will also mention reasonable spreads and commissions here. Because it's essential. By the way, in this company, you can choose the type of account without commissions, too. There are three account types with different conditions for the diverse needs of a trader. So the company suits me. I can trade from the comfort of the app. And my costs are low.”

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

“So, I haven't written anything about brokers in a long time. But a couple of months ago, I moved to this broker, and I'm ready to share my impressions about trading here. I know that a lot of people will find this information useful. Because it's hard to choose a company by the descriptions alone on the website. So what do I like about this broker? 1. The tight spreads. That is really the first thing I want to point out. Because without considering the costs of trading, all the other advantages would not be that significant. After all, the main goal of every trader is to make money. And with huge spreads, it's impossible. 2. Affordable minimum deposit. It is essential for those who want to test the company's conditions or haven't saved money for a significant deposit. 3. Excellent regulation. The company has many licenses. So the question of whether it is legal completely disappears by itself. 4. For me, the most convenient and straightforward trading platforms. These are MT4 and MT5. I'm accustomed to it, and it works for years without failures. 5. Protection against negative balance. If you don't remember, in spring 2020, a customer of Interactive Brokers had an accident. When the oil fell below zero, he owed the company $80 million, if I'm not mistaken. The story is old, and I don't remember all the details. So that was when I first thought it was necessary to find a broker with protection against negative balance. Because there really are unpredictable situations on the market. So this is my list. I will be glad if this list is useful to any beginning trader when choosing a broker.”

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Posted 5 years ago

“I opened a Fixed account with this broker because I don’t want to deal with floating ones. Of course, as rule, they are advertised as quite low, but they tend to drastically widen in times of volatility. Fortunately, I don’t notice that with the Fixed account. Despite the spreads are higher, but the fact they are intact gives me peace of mind.”

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Posted 5 years ago

“Some folks tend to choose brokers who offer a lot of bonus promotions or who offer to get started with very low trading deposits. Perhaps, you might have already seen brokers allowing to trade with ten bucks or even a smaller amount. There’s no wonder about it because many brokers offer to work with so-called cent accounts. From my point of view, such trading accounts are absolutely worthless because they have much in common with demo accounts. You can’t learn trading when using very small amounts. You aren’t afraid of losing them. As a result, you can’t train your psychology. I prefer to deal with veteran brokers. These are reliable companies who earn from spreads, so they don’t need to offer bonuses or very low deposits. That’s the sign that they cater to serious investors. I trade with one of such brokers. That’s HYCM. I like its trouble-free trading process. I’ve been trading with this company for three years and I know that’s the place where I can withdraw money at any time. It gives me peace of mind and I don’t want to look for alternatives.”

Helpful Report

Posted 5 years ago

“Although I’m prone to trusting veteran brokers, nevertheless, I took some time to attentively study HYCM reviews online. I only understood that reviews are mostly subjective and they can hardly be the very thing to base your opinion about the broker. Tastes differ you know and experiences differ too. Very few people are capable of composing an objective review because in most cases they have a concrete interest in the broker that prevents them from forming an objective picture of the subject. So, I decided to join the company to test the trading process here and I did it. During registration, I had several issues, but their customer support manager was so kind to navigate me through the process and it was the first positive impression of the company. The trading process didn’t bring me unpleasant surprises - I can trade conveniently with the broker - it doesn’t manipulates prices, so I can enter the market at the price I want. Besides this, I tested the withdrawal process and it all went smoothly too. It makes me further trade with the broker.”

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

“I’ve been trading with this broker for more than a year and I don’t regret joining this company. I should say that it’s the first veteran broker in my life. Previously, I was used to trading with young brokers started in the 2010s. These companies offered a lot of bonus promotions but lacked reliability. I often had withdrawal issues with them. What’s more, there were situations when I failed to enter the market at the price I wanted. Perhaps, they couldn’t execute my orders due to some liquidity issues. Fortunately, I don’t face any of that unpleasant stuff mentioned above with this broker. I know that I can trade conveniently and the broker will not prevent me from opening a trading position at the desired price.”

Helpful Report

Posted 5 years ago

HYCM is rated 2.8 based on 879 reviews