HYCM Reviews

Name: HYCM
Rating: 3.71

3.7 Rating 512 Reviews

70 %

of reviewers recommend HYCM

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3.7

Based on 512 reviews

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Anonymous // 01/01/2019

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

“I really saw in HYCM for the first time in my life that a company can have different types of spreads. At first, I didn't even understand why this was needed and what it would give me in general and whether it was worth conducting any experiments at all. But then I realized that it really makes sense and it certainly allows you to normalize your work and make it more literate. And of course I appreciated this format and I already decided that my decision is of course fixed spreads and nothing else.”

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Posted 4 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 4 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 4 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 The money can be withdrawn without delay and any problems at all.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 4 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 4 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 4 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 4 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.”

Helpful Report

Posted 4 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.”

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Posted 4 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 4 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 4 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 4 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.”

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Posted 4 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.”

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Posted 4 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 4 years ago

“One of the best brokers at all, at least among those that I've found. First of all, it's regulated and that's good, I never trust unregulated financial companies, as I had negative experience with one of unregulated companies. Spreads are okey, can't say they're the lowest, but if you trade Fixed spreads, then that's probably one of the best offerings. Variable spreads don't sound to be so tasty, but it's also okey, around 1.3 for majors.”

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Posted 4 years ago

“Tried raw spreads the other day, and it's cool, but of course in case you trade regularly - very handy! The commission is the lowest!”

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Posted 4 years ago

“When deciding to start trading with this broker, I was mostly motivated by two two reasons. The first reason is that I thought that a company with a 40-year experience can’t be a scam project and I should say that they met my expectation. Secondly, I found their spreads attractive enough for my scalping style. It especially applies to a Raw account that I chose when registering with this broker. With this account, I can enjoy spreads starting at 0.2 pips. Another thing I need to mention is that I had no problems with withdrawing my earnings. Each time I start trading with a new broker I always worry when it comes to withdrawing money because there’s a possibility to say goodbye to your funds, but with this broker, I withdraw money without delay.”

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Posted 4 years ago

“This is a very decent broker with a small deposit. I think $100 of minimal deposit in HYCM is more than an affordable choice for traders, especially for beginners. What else? I read many reviews about this company before I started trading. And I've made sure they were mostly positive or neutral. There wasn't much negativity on the forums compared to other brokers. This is a good sign. After all, HYCM is multi-regulated. Its activities are monitored by several serious organizations. I think this also works to the benefit of the clients. And the company's 40 years on the market is a severe figure. Obviously, the broker doesn't want to spoil its reputation by dubious trading conditions. So they offer the right conditions. By good terms, I mean the availability of different types of accounts in HYCM. They are divided so that everyone can choose the one that suits one best. Another advantage is relatively tight spreads. I can't say they are the tightest in the market. But those companies that offer tighter spreads already have minimal experience in the market. So I'm all the same for reliability and stable trading conditions.”

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Posted 4 years ago

“It's cool that this company has several regulations, it increases the credibility of the company and it allows it to attract more traders who are interested in serious work. In addition, there are raw spreads here - which is pure delight!”

Helpful Report

Posted 4 years ago

HYCM is rated 3.7 based on 512 reviews