Brokerage was founded in 1977, that's I see isn't so important, but shows that brokerage isn't freschcomer and operates for a long time. I think 40 years is a time, when brokerage can build up it's own reputation and make everything to save it. HYCM (former HY Affiliates) 100% justifies it good reputation. I trade with it for 4 years and noticed positive things only - tight spreads, regulations, order execution clearness and a lot of assets (around 300). The forex trading costs at HYCM depend on the type of account established, ranging from the Fixed, Classic, or Raw account type. BTW, spreads for EURUSD are 2 pips for fixed account, that's higher than Classir or Raw, of course, but lower than competitors offers.