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HYCM Reviews

4.5 Rating 351 Reviews

92 %

of reviewers recommend HYCM

Company Reviews

4.5

Based on 351 reviews


Customer Service
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Anonymous

Anonymous // 01/01/2019

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

“Brokerage that made me happy, there's nothing special, but orders are executed and I get withdrawals when I need them. What else I need? Seems that nothing more, I profitable and brokerage is making it work, other just depends on me and my trading skills.”

Posted 3 years ago

“I’ve been practicing scalping for three years. As you might have guessed, spreads are my number one concern when choosing a new broker. It’s because too high spreads make my scalping a daunting task. Respectively, I stay away from brokers with wide spreads. This broker suits me as a scalper. I opened a Raw account and now I enjoy ultra-low spreads from 0,2 pips. Of course, the broker has to somehow compensate these spreads for itself and for this purpose it charges $4 each time I enter the market. It’s ok. I’m ready to pay this commissions. Its still more favorable than classic account.”

Posted 3 years ago

“I have been working with HYCM for a year and I have something to write about it. Despite the fact that some reviews about it are negative, I haven't found those disadvantages of the brokerage. I decided to start trading because I was looking for an additional opportunity to earn money, and besides I wanted to spend more time on self-development. As it seemed to me, trading includes both my wishes, and I decided to try it. It turned out that finding a reliable broker that you can trust is quite difficult. But then I found a brokerage that has been working in the market since 1977, and during this time it managed to create and maintain a fairly positive reputation. So I decided to give this broker a chance and open a Classic account, because it has the best trading conditions (I write about HYCM here, by the way). And now, as I have already written, a year has passed since I started working with this broker. So far, I have no complaints or disappointments about the broker or its work. Of course, I have had some small questions or misunderstandings during trading, but the client support has always helped me. So I am glad that my broker is HYCM, it works for me.”

Posted 3 years ago

“I appreciate this broker for decent trading conditions. Their minimum deposit is quite affordable for anyone with serious intentions. Just one hundred evergreen bucks. I really have no idea how to get started with ten bucks. You know many brokers in the market try to attract this way. HYCM is different. Established in the previous century, it’s too respected to focus on such trifles as micro deposits and suspicious bonus promotions. Instead, it offers good execution, reliable platforms and trouble-free withdrawals.”

Posted 3 years ago

“Every person faces certain difficulties in the market. Because it has a lot of fluctuations and unexpected changes, and it requires a lot of knowledge and constant search, and it takes a really long time to get the necessary experience and professionalism. And I also feel that this company supports traders and supports the idea that trading is just a business, not some kind of entertainment. Most of all I am attracted here by fixed spreads - only from 1.8 points, although I also worked with raw ones - but stopped because I do not trade so often. I also liked the toolkit for analysis, in general, it has everything you can imagine.”

Posted 3 years ago

“Well, my story would be a little bit strange. I joined HYCM because I was really tired of trading with unregulated brokers. Fortunately they didn't rob me, but executions were laways delayed. I once had a 50 pips slippage on my stop order. I decided to change my trading and try something different. And yeah, i had some fears about changing a brokerage, but the outcome justifies some inconveniences. If speak about HYCM, it's great in general, so I'm really happy I've made that decision. The best thing I really like is support service. Nothing special, but you just get all updates and info in time, no need to wandering around brokerage website to find something, that really helps,especially when your head is filled with trading and you don't want to spend efforts on all this routine staff.”

Posted 3 years ago

“All traders have absolutely different wishes and requirements to the brokerage company, because much depends on the trader's experience and on what strategies he uses in his daily work. And that's why today's modern companies began to offer somewhat extended conditions. And I like it. For example, this company has both versions of MT and, more importantly, different types of spreads. The demo is also available for all types of accounts. So, you can try everything in advance...”

Posted 3 years ago

“A reliable and trustworthy broker can’t be young. The fact that this brokerage service has been working in the industry since 1977 gives peace of mind. I opened an account with it, traded, and made a series of successful withdrawals that proves my theory.”

Posted 3 years ago

“I'd like to start with the fact that I recently started reading the forums and only then made sure that we are all different in the market and what different approaches we use. And that's when I started to appreciate this company more, which under any circumstances gives you the choice not to use only what you have, but always can use what you need. In what way does it manifest itself? * Trading platforms. Although MT4 and MT5 have similar features - they also have a number of excellent features, it all depends on which strategies you use in your work. * Types of spreads. This is the first company I've seen immediately variable, fixed and raw spreads (with commission). This is also convenient - you can try everything and choose something for yourself.”

Posted 3 years ago

“I started my acquaintance with the broker with HYCM reviews. As a trader, I’m crazy about reliability. I even often neglect various attractive offers such as bonus promotions because they don’t give me peace of mind. However, when I learn that a broker operates on the market for a long time, it makes me think that I need to try to work with it. That’s what I thought about HYCM when I found out that it was started in 1977. Frankly speaking, I had successful experience collaborating with brokers founded in the 2010s, but nevertheless, I respect veterans of the brokerage industry. The broker offers to use MT5 and MT4. That totally suits me because even as of 2020, the vast majority of indicators are still created solely for MTs. You can find more intuitive and catchy trading solutions, but the MT functionality has become a golden standard of the industry. For my three-year experience with HYCM, I didn’t have any withdrawal issues. If you ask me, this proves the reliability of the broker better than anything else.”

Posted 3 years ago

“I really liked working with this brokerage. It really knows the approach to its clients, it's pretty cool :p I also liked the trading conditions, they are quite profitable.”

Posted 3 years ago

“As many traders, I came to this broker via HYCM reviews. HYCM opperates the market for long time, so there are thousands reviews, so it's not a problem to find info about this company. I had only one requirement, well well-regulated brokerage service with several regulations. Also, I rate traditional trading terminals such as MT4 and MT5 much better than trading platforms created by brokerage. HYCM satisfies both conditions, so I'm trading there now =) If you're looking for very tight spreads, open a Raw account. In this case, you can enjoy spreads starting at 0,2 pips. However, in this case, you need to pay $4 to enter the market. It absolutely suites me, as a scalper. However, if you find it unacceptable, you can opt for any of the broker’s commission-free accounts: Fixed and Classic, with spreads, starting at 1,8 and 1,2 pips respectively. When it comes to depositing and withdrawing funds, you can use bank wire, credit cards or several e-payments systems. I advise you to choose the last one, as the fastest payment method. But to be fair, there is no significant difference, so you can choose the way you like.”

Posted 3 years ago

“Every morning for 12 years I read financial news. I just want to know what's going on in politics and economics and I'm always reading not just newspaper headlines but I'm going deeper, reading the whole news and commentaries. And a couple of years ago my friend have advised me to monetize my abilities on Forex. He said that with my understanding I can make good money. You know, my friend was right! I learned the profession of a trader and now I'm trading with this company. I chose it because it has been on the market for a long time. Moreover, It never appears in news with scandals and that's multi-regulated broker. For me, that's enough to trust the company. If we talk about trading conditions, they're also good there. There are several types of accounts for different tasks and you can choose between MT4 and MT5 platforms. Assets range is also wide enough, there are even cryptocurrencies and almost all major stocks available.”

Posted 3 years ago

“Normal brokerage, works without problems. I don't work with it for that long yet, so I can't write much about a broker. But it made a rather positive impression on me. This is a professional broker that has been on the market for quite some time. It knows what its clients want, and it gives them this. This is why it is so successful and has a solid reputation. This is quite convenient and allows you to get more interesting trading experience and deeper knowledge.”

Posted 3 years ago

“One of the best brokers, without any doubts. With education, fast execution and responsive support. Nothing less, nothing more. If you're looking for place to trade - my word is for that company.”

Posted 3 years ago

“I'm trading for 9 years, 7 of them I'm with this brokerage. The best thing is that I see how brokerage is working the improving program. Company is expanding analysis and other features. For example, I like built-in ticket feature allows to instantly buy/sell assets. I think this constant progress is the most important indicator that brokerage is good and deserves your attention, as you know that sooner or later, broker woulld add new features that will improve your trading. However, I don't like that there are no 24/7 support, support eam is available only 24/5, so weekends is the time when you can't get fast answers, that's inconvinient sometimes.”

Posted 3 years ago

“When you choose a brokerage company for permanent work, of course you try to collect as much information as possible, and in this sense, I was helped by HYCM reviews, which I found on all major trading forums, because it turned out to be a large and quite popular company. And I think that this popularity is caused not so much by the fact that this company has existed for several decades, but also by the fact that the company is trying to provide access to all modern services, which allows traders to quickly adapt to the changing features of the market and find exactly those strategies that deserve attention and allow them to act most effectively. Among all the variety that is presented here, I can mention a few important points. 1. Of course, this is a demo, even if you don't know about the market at all, you can always try to work without any investments and check all the strategies. 2. Different types of spreads. This is also an interesting point, and it's really cool that you can try fixed or raw spreads. And so you can choose the best one for yourself.”

Posted 3 years ago

“Order execution is very fast. The terminal is working rapidly. There are almost no slippages. And spreads are tight enough. It`s not the first broker I`ve dealt with. But it`s the best company for me.”

Posted 3 years ago

“Of course I'm very happy that I started working in trading, because before that my life was a kind of ordinary and even boring. It seemed to me that I could never go beyond and try something really original. But eventually I realized that if I didn't try it, I would be disappointed my whole life. But I knew that there were a lot of dangers waiting for a trader here. That is why I was very attentive to the choice of the company. And I chose this company only because here I saw an excellent reputation and customer focus, even without preparation. It turned out to be true. I now work with fixed spreads, I use 2-3 indicators, sometimes I connect forex calculators and read analytics. Soon I will make the first money withdrawal.”

Posted 3 years ago

“I chose myself a brokerage based on their reputation in the network and reliability (regulation). And this broker was perfect for me by my parameters) There were most positive or neutral reviews in the Internet; there were only a few negative ones. The broker's regulation was also excellent. At the moment I have been trading with it for 7 months, everything works for me. I practically didn't have any problems in trading, I wasn't fooled or anything else. So, I really can't complain)”

Posted 3 years ago

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HYCM is rated 4.5 based on 351 reviews