HYCM Reviews

Name: HYCM
Rating: 2.82

2.8 Rating 879 Reviews

47 %

of reviewers recommend HYCM

Company Reviews

Questions

Metrics

2.8

Based on 879 reviews

Customer Service
Communication Channels	Email, Telephone, Live Chat

Visit Website

Write Your review

Tell us how HYCM made you happy

Minimum 10 characters

Would you like to add a photos or videos?

Strengthen your review by uploading photos & videos.

Drag files here or browse

(Supported files: jpg, png, mpeg, ogg, mp4 & webm)

What's your name?

Leave this blank if you'd like to publish your review anonymously.

(Optional)

Whats your email?

We need your email address to verify that your review is genuine

Please note that we may share your email with the company to verify your order.

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

“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.”

Helpful Report

Posted 5 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!”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 years ago

“Multiregulated company and that's all you need to know about it I think. Reliable, with responsive support. I'm trading it for 4 years, no problems at all, so I think brokerage is good =) No copytrading, but I don't think that's significant disadvantage=)”

Helpful Report

Posted 5 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 5 years ago

“I’ve been trading with HYCM for two months and I get mostly positive emotions. I can’t complain about the execution - my orders aren’t suspended, they are instantly processed by the broker. It takes me an hour or so to have my earnings withdrawn to my Skrill account.”

Helpful Report

Posted 5 years ago

“I want to leave an HYCM mobile app review. It's the only broker in my memory that has a great app. Usually, these programs are a bit underdeveloped. But I can tell right away that this company values its reputation. That's why there are many useful features in the app. So the app is terse, and the interface is understandable. I can get notifications about important news with a short explanation. I especially like this last feature. Thanks to it, I have made a couple of big profits. It allows me to track what is happening in the market promptly. I like the conditions in HYCM. I have read many reviews about how difficult it is to choose the company's type of account. I don't understand what the difficulty is. Because each type of account is accompanied by a clear description. Plus, there is also a test to determine what type of account is appropriate. I also like the fact that the minimum deposit in the company is really minimal. For such a large broker, this amount is very acceptable. In my opinion, it is the lack of built-in analytics in the terminal only. I would like to make it even easier to prepare for trading. But this is my personal review. Maybe it's a little subjective.”

Helpful Report

Posted 5 years ago

“That's one of the brokers that changed the industry and made it better and, in my opinion, that's the main reason to admire this brokerage. I'm trading with it since 2000's and I saw how company was changing: launching new entities, education and powerfull workshops that are inspiring people all around the Globe. Newcomers wouldn't understand that. But it was so much brokers that went out the scene for that time, but that company is still on its place and improving each year. For me that's the best evidence that I have chose the right place to invest my money, so now I'm calm and know that my funds are safe. Gratz!”

Helpful Report

Posted 5 years ago

“It seems to me that HYCM reviews do not reflect the real situation in this company. Almost everything depends on your feeling in the market, because while working you have to face many obstacles and observe all kinds of speculations and use different strategies in this changing conditions, etc... And you can only cope with all of this if you're in an objectively normal environment, which a brokerage company will provide you with. I noticed that there is no problem with the trading platform (I use mt4) and there is always actual news from the market, so I don't need to use any additional resources to find data to make decisions about the market. Of course that's not everything you need to be profitable, but it's definitely something that can be an important part of your job and it's true...”

Helpful Report

Posted 5 years ago

“I’m afraid of losing my hard-earned money and it makes me look for only the most respected brokerage services. You know that trading is a very challenging thing and even experienced traders may lose money when they fail to forecast the market. However, people may lose money not only due to an incorrect market forecast but also due to a scam broker. You may deposit money to your account and then say goodbye to your capital. Unfortunately, this happens from time to time. I guess collaborating only with proven brokers is the only way out. This broker belongs to the category of the proven ones. It has a forty-year experience in the industry and it gives me grounds to trust it.”

Helpful Report

Posted 5 years ago

“The broker offers excellent trading conditions. I chose for myself the Raw account. There are the most reasonable spreads in it. I found that even in combination with a small commission, it's profitable. And I wasn't wrong! The conditions really fit my trading strategy perfectly. And the higher deposit makes me not be greedy, but invest a comfortable amount of money in trading. It's a nice solution.”

Helpful Report

Posted 5 years ago

“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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 years ago

“Clear conditions with the right serbices for modern traders - calculators, webinars, different types of spreads, reasonable commissions”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 years ago

“HYCM has a lot to offer both for beginners and professional traders. And I think that's good that brokerage isn't overconcentrated only on one part of audience and tries to satisfy both ones. For professional traders HYCM would be definitely good for 2 reasons: 1) It's regulated. And that's not simple CySEC regulation, HYCM also has FCA regulation and that's even more reliable one. Yeah, I know they belong to different legal entities, but we know that's just a formal thing, they're all part of the Heynep Group and are contolled from the signle headquarter. 2) Story behind the company. Something new is cool if we don't speak about our money. When it comes to business, investing or simply managing our funds, all of us would prefer sth that's proven by time. As HYCM operates since 1970s it has a long-standing reputation and a strong old-clients database. And that's exactly what professionals are looking for. For beginner traders HYCM has also sth to offer. I mean: 1) There's education. And yeah, everything except workshops and webinars isn't so good to make you trader, but these live activities overshadow weak primarly education. For example, I came to HYCM as experienced traders, but I got a lot of usefull things with its webinars. 2) Economic calendars and other stuff. Pros aren't using them, as they're using more complicated ways to get news and insights: BI Intelligence, Bloomberg, etc. But if you're beginner, I think you would be satisfied with all info gathered in one place, so no need to search for info and re-check it. I don't mean that's the best brokerage in the world, I know some of its flaws, as well I have read a lot of HYCM reviews where people explained what disadvantages they found in that company. But if we look 'in general; than HYCM is no doubt a place I'm satisfied with.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 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.”

Helpful Report

Posted 5 years ago

HYCM is rated 2.8 based on 879 reviews