HYCM Reviews

Name: HYCM
Rating: 3.86

3.9 Rating 484 Reviews

74 %

of reviewers recommend HYCM

Company Reviews

Questions

Metrics

3.9

Based on 484 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)

What's 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

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

“It wasn't love at first sight for sure. However, after several month I can claim that the broker deserves trust. My trouble was the choice of a trading account. I trusted the 4-5 questions test that they've had on the website that was supposed to help you deal with this choice and offer the most suitable account type. I was new to forex trading back then and had difficulties to understand which fees approach would be the most favorable in my case. In any case, all eneded well, I spoke to the manager and was offered to transfer to the other account type which made me much happier client. In general I can recommend the broker.”

Helpful Report

Posted 4 years ago

“CLASSIC account is exactly what I needed. The broker's trading conditions were fully in line with my expectations and I'm more than happy about this fact.”

Helpful Report

Posted 4 years ago

“Just ok regulated brokerage, sometimes spreads are higher than with unregulated brokers, but I'm ready to pay more to know that I'm trading with sustainable brokerage that won't scam me.”

Helpful Report

Posted 4 years ago

“I feel very comfortable in this company, mostly because there is regulation and a clear user agreement. And there are also different trading formats, including raw spreads, which are now in great demand among traders who prefer short-term, dynamic positions.”

Helpful Report

Posted 4 years ago

“In over six months of trading here I only had 2-3 slippages and that probably was not the fault of the broker as those stop-loss orders were executed at the time of the news release. Can't complain about support either. I don't know what else to wish. from the broker. The only thing that could actually be improved is probably the fees policy.I registered an account with the fixed spreads and this was probably not the best idea. Looks like the trading costs can be lowered significanty if I swith to raw account or at least a standard one.”

Helpful Report

Posted 4 years ago

“I'm trading big money, so I prefer regulated brokerage with clear conditions. Today there's a lot of unreliable companies and I even don't mean that they want to scam you. I just mean ther such companies may be good for brokers with small deposit, but if you're looking to trade big money - you should take care about security. Why I've choose this broker? That's combination of two factors - FCA regulation and good trading conditions. That's simple. I just need reasonable spreads and good clients' support combined with high reliability. There I get both of this sides, so I just trade.”

Helpful Report

Posted 4 years ago

“I think it's one of those brokers that immediately explain all the terms of cooperation, etc., so that you don't have any questions later. You just look at their website. Where have you seen such a clear and detailed description of all services? When their manager called me to clarify whether everything is fine and there are questions, there was nothing to ask. Everything is clear. And separately it is worth highlighting their trainings, which are designed for traders with different levels of training and approach to the market, here you can always find something useful for yourself.”

Helpful Report

Posted 4 years ago

“It's my first brokerage and I'm really satisfied with education there.I haven't tried rea trading yet, but education is really good. There are E-books and videos + blog articles, but the best one are webinars. I think that's top notch education, really designed to help people become better. I also wanna try Live events, but it's hard to afford =( I think it can really boost my understanding of the market + a lot of useful connections with other traders.”

Helpful Report

Posted 4 years ago

“There are all the necessary assets here so that you can form a quality investment portfolio. And at the same time you immediately see both the spread and the available leverage, which allows you to spend your time and work with maximum productivity.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 years ago

“Training has now become an actual offer from many brokers. But not everywhere this content is qualitative. And here they have prepared brief, informative articles that can be applied in practice.”

Helpful Report

Posted 4 years ago

“What attracted me personally was that it wasn't huge fixed spreads. You can really use it (from 1.8 points) and it will not be too expensive for your capital.”

Helpful Report

Posted 4 years ago

“Finally the spreads don't tend to take off all of the potential profits. Classic account is good to trade intraday and feel fine about broker's fees.”

Helpful Report

Posted 4 years ago

“Tight spreads are really valuable to me, as I scalp. Here I use classic account with no commissions and variable spreads. For my trading style this is the most favorable one in my opinion. You have to keep in mind that depending on your location (country of residence) you will be attached to one of the following HYCM subsidiaries: - FCA regulated - CySEC regulated - CIMA regulated - DFSA regulated Considering that all of these branches have the same root with an established and legal company - I don’t think there is a need to worry about the transparency of all the financial operations, quotes and all the other things that worry traders so often.”

Helpful Report

Posted 4 years ago

“I started warking here as this is a non-dealing desk broker, they are regulated and therefore will be making money with commissions, not trying to steal all of my money instead. Probably I'm supposeed to review the executiosn speed or something like that here. However, I am not very competent in this sphere and I can't notice when executions are few milliseconds faster or slower. However I can tell for sure: there was one withdrawal done and the money arrived fine.”

Helpful Report

Posted 4 years ago

“In my humble opinion, even the coolest brokerage company with excellent service can not become a 1000% guarantee that you will earn. Because a lot depends on you. But when a broker... - provides a normally functioning terminal - does not impose any obscure or unproductive passive income formats - resolves any financial matters promptly - recalls the importance of market research and analytics ...this shows that a serious approach is really welcome and that the company is looking for long-term clients and values its reputation.”

Helpful Report

Posted 4 years ago

“Reliable brokerage, I think I don't even should write my own opinion, you can check reviews on the Web. That's just one of really worldwide brokers, I don't think it's correctly to compare it to others, as it's just another league.”

Helpful Report

Posted 4 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.”

Helpful Report

Posted 4 years ago

“BROKER IS REGULATED, THE ONLY POINT YOU NEED TO KNOW. Other points don't matter, don't get hung up on them. Regulations is what realy matters and brokerage has 4 relialbe ones.”

Helpful Report

Posted 4 years ago

“I am simply a member on HYCM. I have not started trading with HYCM as yet but whenever i sent an query, i always got satisfactory reply specially from Mr. Hussam. As now I want to start trading, who will be helping and guiding me. Regards.”

Helpful Report

Posted 4 years ago

HYCM is rated 3.9 based on 484 reviews