HYCM Reviews

Name: HYCM
Rating: 3.87

3.9 Rating 482 Reviews

74 %

of reviewers recommend HYCM

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3.9

Based on 482 reviews

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Sofia

Anonymous

Anonymous // 01/01/2019

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

“Hycm classic account is a must have! Tight spreads on all of the instruments and no commission, great stuff!”

Helpful Report

Posted 2 years ago

“good-looking website and pretty clear conditions on types of accounts. I suppose it matters a lot for those traders who like to save their time.”

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Posted 2 years ago

“All the main payment systems available, even the crypto wallets.”

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Posted 2 years ago

“there is something to scold this broker for, there is something to praise this broker for. everything is in balance. actually, this company seems to me "alive".”

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Posted 2 years ago

“all the accounts have pros and cons. Can’t choose one.”

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Posted 2 years ago

“calculator and economic calendar are two my primary tools. I can't invest money without using them, because, it makes no sense at all. it's just the same as to open new deals without any technical analysis, just playing lucky wheel. don't really like such an approach, hence this company is pretty attractive for me.”

Helpful Report

Posted 2 years ago

“read tons of reviews about hycm brokers, and actually wanna write my own one. it will be small, don't judge me ;D so, raw account is forever in my heart... spreads from 0.1 pips and they are floating, as for the scalper, this is the most important thing. but, there is something to pick on. yeah.. I am picky :D customer support responded for a solid amount of time on my question. but, eventually, they solved my issue.”

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Posted 2 years ago

“attractive conditions. once you wanna start trading you can apply to this company and open here an account. you have three account types and all of them have their own unique conditions, however no ability to use EAs on fixed account disappointed a lot, because I am fond of fixed spreads and using EAs at teh same time. think that it will be fixed sometimes as I really wanna trade this way.”

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Posted 2 years ago

“Multi assets broker company with long history. I'm ok with hycm. can be trusted”

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Posted 2 years ago

“So, broker was advised for me by my close friend who is also fond of trading. I trade here and I can state broker seems to me quite legit and conviniet.”

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Posted 3 years ago

“HYCM broker seemed to me weird at the beggining. All the traders have to check brokers before making depo and start trading. traders don't likedemos because believe that they spend time for nothing, I believe it's wrong. This broker attracted me by its accounts. three main accounts and all of them are unique and suits different trading strategies, but the customer support responds may be slow, rarely. The general score - 4 stars”

Helpful Report

Posted 3 years ago

“A very large experience of the company impressed me. Quality of service did too. Besides this, the broker offers good trading conditions. Here you can choose between floating and fixed spreads, tight spreads with commission or wider ones without commission. I personally chose a Standard account without commission. I wiush the spreads were more tight, but oh well...”

Helpful Report

Posted 3 years ago

“I found this broker accidentally in the internet and it grabbed my attention right away. Everything because there are good conditions for all types of traders. It doesn't matter whether your an investor or scalper actually. There are plenty of trading instruments and two main trading platforms such as MT4 and MT5. These ones are the best from all I think. However, the maximum leverage on crypto is 1:20, while I like higher leverages for trading, but one can state it's nothing.”

Helpful Report

Posted 3 years ago

“Probably you can hardly find a trader who hasn't heard of this company. The broker is of course very famous. I don't really like their website, such a famous broker could have spent more time and money to develop it, but as for trading conditions, they are optimal. There are three different types of accounts to choose from and there is even an account with fixed spreads. Many brokers don't even offer such an option, because in case of unforeseen situation on the market all the risk will have to be covered by the broker. And hycm has enough reserves to cover those risks.”

Helpful Report

Posted 3 years ago

“I decided to trade at night with this brokerage company because it’s ideally suited for this. It’s because this broker offers fixed spreads. If you have ever tried to trade at night, you should know that floating spreads are quite problematic for night trading. To be honest, it’s not a problem for anybody. Many people get along with floating spreads even at night. Yeah, that’s true, but you should realize people trade differently. If a person is not a scalper and he usually enters the market manually, it’s no problem, but the situation is different if you rely on pending orders. At night you may struggle placing pending orders because of widening floating spreads. You may place a system of pending orders and then one or two of them can be kicked out by suddenly widening spreads. If you have ever faced such a situation, you should know that the only way to avoid it is to find a broker with fixed spreads. I did and registered with HYCM. It offers fixed spreads and it’s regulated. That’s what I wanted to get.”

Helpful Report

Posted 3 years ago

“Some people pay too much attention to assessing brokers. They compare different brokerage companies and try to find out which license ensures better protection. Earlier I was also convinced that the choice of the right broker is the bulk of success in trading. Over time I realized that the main thing is that how you analyze the market. Of course, today the brokerage industry is overcrowded with scams, but on the other hand, it’s not a problem to find a genuine broker. All you need to do is to make sure that it’s regulated. Even if your broker has a license from a very reputable watchdog, it doesn’t mean that you will become a millionaire soon. Your major tool in trading is the capability to analyze the market correctly. If you are for some reasons still struggling to do this, don’t persistently try to enter the market. You’d better focus on demo trading. You should have enough practice and over time you will acquire this crucial skill. I don’t know how much time it my take - it’s all individual. As for this broker, it’s genuine, experienced and regulated, but the percentage of profitable trades is not the merit of HYCM, that’s my hard work.”

Helpful Report

Posted 3 years ago

“Nowadays it's becoming harder and harder to choose a proper broker for your needs in trading activity. It's explained by the presence of the biggest amount of broker around the whole sphere and all of them has their own peculiarities, drawbacks and advantages. So, firstly you have to assess the work of an expected broker in order to be sure that it suits your needs. HYCM gained my attention by its approach to traders. There is a quite responsive customer support, which help you any time you apply to it. Moreover, it has a great system of diversification traders according to their personal style and needs in trading. A smart system can help you to determine which type of account suits you most in order to ease your trading activity. Nevertheless, I'm not really okay with the system of withdrawing money, because the minimum size of withdrawin is 20$ and this fact makes me a bit disenchanted because I tend to withdraw small amounts of money, but one can state that it's nothing.”

Helpful Report

Posted 3 years ago

“It is very convenient to work with this broker. The first thing I want you to pay attention to is the fact that hycm is regulated by several jurisdictions. Perhaps, that is one of the most regulated broker I've ever seen. More than that, many traders work with hycm and they are quite satisfied with it, which makes the broker trustworthy. This moment is one of the most significant as no matter how well you trade if your broker is a scam, so that you'll never get your money back from it. This is definetely not about hycm. Speaking about trading conditions, they are also fine. I like the fact that the brokerage supports mt4 and mt5 platforms. This is really nice as I didn't have to learn how to use new platform in the process of switching the brokers which made the whole transition painless.”

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Posted 3 years ago

“HYCM is a really reliable and decent broker and can be described by saying 'The best wine comes out of an old vessel'. This broker is for those who don't want to worry about scams and safety of their deposits. The broker was founded in 1977 and since then it preserves its decent reputation. More than that, it is highly regulated by various organisations. In addition to that I like the fact that the broker doesn't insist on using its own platform but allows its clients to use mt line-up for trading. It is of great importance to the most of traders as many traders will not experience any discomfort by changing thei trading partner.”

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Posted 3 years ago

“I have been trading with HYCM for three months now. Together with my friend we moved from another broker at the same time. Both he and I have heard about HYCM from the reviews and then we both tested the demo version of the trading terminal. After two weeks it was clear to us that the broker is really good. And I would like to highlight the execution because it is very important. My friend and I have been able to find after few days the quality and speed of execution, it is just great! The company works at a high level.”

Helpful Report

Posted 3 years ago

HYCM is rated 3.9 based on 482 reviews