HYCM Reviews

Name: HYCM
Rating: 4.54

4.5 Rating 345 Reviews

93 %

of reviewers recommend HYCM

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4.5

Based on 345 reviews


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Boaz Smits

Anonymous

Anonymous // 01/01/2019

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

“There is a lot of information about HYCM and I am quite confused. Friends tell me that it is the best one but it has been a long time since I can not start trading because I decided to learn before doing. And I am doing that in their web page from their materials. My friends have told me that it is great because of the spreads, fees, slippages and stuff like that but I did not even face them so I can not say before trying! So I want something structured.”

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Posted 8 months ago

“It’s really so hard to believe that this company was set up to make people as well as investors to lose their funds and to regret their actions. I was so dumb to have associated myself with this scam scheme and i faced the consequences by losing some money at first , but I was reimbursed through the help of professionals from “Cp-investigation (.) COM “ and I was told to be careful of most investment companies out there.”

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Posted 9 months ago

“They are okay, but I was expecting a bit better service to be honest.”

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Posted 10 months ago

“account division didn't really impress me because in fact they are similar to each others, in case we ain't bear in mind difference connected with spread types. still, I do know there are some traders who get along with such conditions and actually there is nothing bad in them, just a remark.”

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Posted 1 year ago

“HYCM has a number of strong sides such as solid regulatory status or a long brokerage history. These features make a great foundation for every financial company. However I fail to understand why hycm has such a weak execution model. IMO brokers with such history can’t afford that. I can accept the relatively low number of assets, but execution is very important for me. and I’m sure that not only for me, but for every more or less experienced trader.”

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Posted 1 year ago

“im not a fan of brokers like this one, but truly speaking it is a competitive broker and my opinion is subjective. there is everything you need to build your deposit and trade like a professional investor.”

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Posted 1 year ago

“well... as for the experience with this broker, the only thing i can say - so-so. it doesn't mean that it's bad ofc. everythign was pretty cool and my journey with this company I assess as the useful journey as i gained plenty of experience, but hte fact that fixed account doesn't have lots of advantages is true, simly regular, at least this is my OWN vision. Still I will continue to trade here as broker is well-regulater and won't cheat you”

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Posted 2 years ago

“Really can’t say anything special and I think that it’s not a downside because when I’m silent I’m not gonna to complain. Really everthing works fine. I’m talking ‘bout execution, their attitude to me as their customer and all that crucial stuff. I trade on their ECN account. It’s called alternatively - Raw, if I’m right.”

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Posted 2 years ago

“Only with hard work you can achieve high results. At first I did not manage to earn, but it was because I did not understand the functions of the trading platform. After a detailed study of the principle of work it moved forward and everything started to work out for me. The company cares about its own reputation and users come first. I have been trading cryptocurrencies steadily here since October 2019, and I'm already starting to look at indices and securities. I recommend HYCM as a decent company, I feel very comfortable trading and doing business with them. Spreads here are average, but there are no hidden commissions. They should have varied the list of trading platforms, but all is ok.”

Helpful Report

Posted 2 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.”

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Posted 3 years ago

“To tell the truth, I'm very close to losing faith in the idea a person can earn a living with forex. When I started working with this broker, I had a well-paid job. Trading was just a hobby for me, yet I was earning something. Considering the deposit was rather small, the earning weren't that big too. Not enough to quit the job. No complaints about the broker, they've always do their part of the job fine and even withdraw the profits quickly enough, no harsh feeling for sure. Yet, shart after the lockdown I had a huge cut in the salary at my regular job. I though I could compensate it with trading but was wrong. The more you need the money, the more pressure is there. Trades weren't as good as they used to be. I think I will try for another month or too and quit if it doesn't work out.”

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Posted 3 years ago

“The broker is rather interesting. Funds safety is out of the question because of reliable regulations. Trading fees are also rather good. Raw accounts have got $4 commission per round + a small floating spread that is usually 0.2-0.3 pips for slow market and 1-3 pips for the periods of increased volatility. I can’t judge about executions because I don’t have a great experience in trading and don’t know what is considered to be normal. If you are looking for 0 slippages - you can’t find it here. I trade at the market opening, and my stops often slip a little.”

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Posted 3 years ago

“I started trading here by recommendation. I can say that this company is qualified as a broker, because the documents are fine. Among the main characteristics of the company for those who are just starting, I can highlight: 1. MT terminal (4/5) 2. training is only basic 3. tools for analysis - there are (both technical and fundamental analysis) 4. there are floating and fixed spreads”

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Posted 4 years ago

“HYCM declared that is is established since 1977. But actually it's not true. 1977 is the date when henyep group (mother company) was established. And Forex company HYCM is working from 2010 or around that.”

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Posted 6 years ago

HYCM is rated 4.5 based on 345 reviews