HYCM Reviews

Name: HYCM
Rating: 3.86

3.9 Rating 484 Reviews

74 %

of reviewers recommend HYCM

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3.9

Based on 484 reviews

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Anonymous

Anonymous // 01/01/2019

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

“My friend once told me to pay attention to HYCM broker. Previously, I was trading with another broker and actually successfully, I managed to earn 500$ within a month and I am proud of it :) He told me thag the conditions here are twice better and invited me here. Y started to egt acquianted with the company and it took just half of the day, lol, don't be surprised, I thoroughly read all the information, provided on the website in order to understand what I am going to deal with. YOU MUST READ TERMS AND CONDITIONS. NEVER AVOID IT. Be a wise trader, do the same. Already making profits. Brokers have quity a similar condition - so the main thing is to be sure you profit will be withdrawn. I'm sure in HYCM”

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Posted 3 years ago

“HYCM is in the top 5 of my fav brokers. Not just because it's a well-regulated broker. I know how to distinguish reliable brokers even don't look at their regulations :) If you wanna have such skills, develop in trading and receive experience. A fixed account is my fav one, mainly because the spreads here are fixed. what a surprise huh? :D Anyway, i'm good with HY”

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Posted 3 years ago

“HYCM seemed to me pretty odd when I first met it. Anyway, I decided to try trading with it. After a couple of days of trading on the demo account, I understood that I was mistaken. Demo trading here is ordinary, nothing unique. The special form that determines which type of account suits you most is innovative. I have never faced in my trading career something like this. For sure, it's a pretty helpful system for new traders who can't understand what conditions would suit them most.”

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Posted 3 years ago

“I think that no one doubts the reputation of HYCM, a company with a big name and long years of work, which proves that there are many traders in the company who trade for a long time and who remain here. They have some rules due to the fact that there is regulation, including the fact that there are some restrictions on bonuses and other ""chips"" that actively involve other projects to attract customers and other things. I take it easy. It's all tinsel that doesn't make a huge difference to performance and capital control. Among the terminals, I chose MT4 because I had experience with this before and I realized that I did not want to experiment or anything like that, so I'd better stop there. While the work goes on as usual, there are profitable days, there are drawdown moments when I don’t really understand what is happening, but in general, I can still evaluate the result as positive, because I still manage to make a profit, if we take statistics for every single month. So everything is definitely going according to plan.”

Helpful Report

Posted 3 years ago

“Most of all, I like the fact that HYCM has so many different account types which are suitable for different trading styles and conceptions. I mean that a long-term trader should have different trading conditions from a scalper, for example. HYCM offers three different types of trading accounts and they are marvellous if they are used properly. More than that, if you still don't know which one will suit best, you can make a short quiz which will help you understand the type of account that you'll need.”

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Posted 3 years ago

“I totally appreciate the fact that hycm has an awesome system of trading statuses. I mean that all of us are different and we all have different trading strategies and different perception of the market. HYCM realised this fact and offers different trading conditions for different trading styles. That is really cool.”

Helpful Report

Posted 3 years ago

“trading platform has good analytics, you can get pretty accurate forecasts. reliable broker”

Helpful Report

Posted 3 years ago

“I think I made the right choice when I decided to open a HYCM account. This is the broker that offers raw spreads. It's actually very cool and I've been looking for a long time for a company with similar conditions but it turned out to be difficult.Besides raw low spreads it is also important for me to have convenient software and lots of trading assets. It is necessary to have a volatile asset at any time of the day.”

Helpful Report

Posted 3 years ago

“I like the fact that HYCM is an old and reliable broker. The thing is that my first experience in choosing a broker was very pathetic. I happened to trust my money to the absolute scam because of the fact that I didn't have any decent experience in trading and communicating with brokers. It was some trading forum which convinced me to choose that broker and I learned a lesson that it is better not trust reviews which are posted on trading forums because they can be insincere and pretty misleading. The problem was really widespread: I couldn't withdraw the money from that trading account. The broker kept silent and its customer support didn't work well and didn't help me solve this problem. Luckily, I didn't deposit much money there but it was still sad to lose the money like that. So, I came to hycm just because of my friend's recommendation. I was still distrustful, but I paid my attention to the objective facts: like history of operations and official regulation. HYCM has four official regulation and it was founded in 1970s. I guess that it is one of the oldest brokers on the market today. Surely, the first thing I tried was withdrawal and it was really fast, which made me believe that hycm can be worked with without any fear of losing the money in vain.”

Helpful Report

Posted 3 years ago

“HYCM broker has been on the market for a very long time.Usually, if a broker is not young, then gradually their quality becomes obsolete, and brokers take only by reputation...What cannot be said about HYCM broker? The broker is still developing. There is something new all the time.So, despite its more than 40 years on the market, I can call it a modern broker. The broker often holds seminars/webinars, the topics of which you can find on the broker's website. For example, in December I attended the seminar "Trading Into Year End: All You Need to Know"...it was cool)”

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Posted 3 years ago

“It was not enough just to find a normal company for trading. When I saw an advertisement of HYCM somewhere, I got interested. I was surprised that the broker has been operating since... Let It Be came out or what? Well, pretty much like that. I was eager to pay little wider spreads to have this much confidence in the brokerage reliability. It totally deserves it!”

Helpful Report

Posted 3 years ago

“That's an affordable and credible European broker. I can say that the spreads here are not the smallest on the market but the service is top-notch. I would especially like to note the analytical support. The analytics is regular here, it is really helpful if you apply your knowledge and not just blindly enter the market. So I am completely satisfied with HYCM.”

Helpful Report

Posted 3 years ago

“There are not so many brokers nowadays which can afford to have so many official regulations as HYCM. It is quite a rare occasion for the broker tobe regulated in every part of the world. it means that HYCM is reliable enough to meet all the requirements of the regulators which is not an easy tasks because there are so many different filters and criteria. Speaking of trading conditions, they are quite competitive but not the best on the market. I feel that it is connected to such a tight regulation and huge expenses associated with that. All in all, a broker needs to earn the money as well in the form of different charges. However, hycm charges are not so big that a trader would have to give all of the profits to the broker in the forms of fees. This broker supports mt platforms which is also pretty good. Metatrade has become a kind of a standard of trading worldwide. THat is why I think that most of the traders will also regard this as a pro.”

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Posted 3 years ago

“If you are looking for an honest broker with a wide range of opportunities and tools for making money, then I advise you to pay attention to the HYCM company. I have been trading with this broker for a year now and have never regretted it.”

Helpful Report

Posted 3 years ago

“I think I need more time to make more money. I currently trade with HYCM for only 3-4 hours a day. This is just the beginning. I decided to test and check how transactions are executed here and how money is withdrawn. I think I will trade here all the time because I like my result!”

Helpful Report

Posted 3 years ago

“Every website you go to, everywhere they write, like in three months and a hundred dollars, and in six months a million and a beautiful life. I was not like that at all. I will not discuss about others, I will speak for myself. I have been trading for 2 years now because I am stubborn and I usually go to the end. In the first year I lost a tangible amount. I have been trading with different brokers, analyzing and testing strategies. Then I have found HYCM, a good broker and I have got profit. I was glad of it, but my main job was inefficient, the indexes went down and my boss began to complain. I decided to take a robot for a test on the recommendation of a friend. The entry threshold is low, I did not even think for a long time, deposited $400 for the test. In addition, HYCM supports all kinds of algorithmic trading. I have understood at once advantage of this Expert Advisor, it trades 24/5 without control. I do not need long training. Just buy it, make a deposit and start trading in an hour. And the main thing is that you are already in the big profit.”

Helpful Report

Posted 3 years ago

“I am sure that in the future this company will have even more services and opportunities. I am not saying this for nothing. Broker HYCM is part of a large company that has been providing financial services for over 40 years. I am a conservative person and always trust only great experience. That is why I decided to open an account with a HYCM broker. In addition, I liked that the broker provides trading software from MetaQuots and is regulated by several financial institutions.”

Helpful Report

Posted 3 years ago

“HYCM has been in business for over 40 years, its assets are represented very widely, there is a large selection of accounts for trading and there is a support service in popular messengers: Skype, Viber, Telegram, Watsap and Facebook. I tried trading on their mobile platform, I can say that it is one of the best; fast order execution speed and no hangs on the trading platform. The broker's support team is available in 14 languages, when I switched from a fixed account to a floating account I was happy to chat in my native Spanish. The broker is proven with a lot of experience, I recommend it.”

Helpful Report

Posted 3 years ago

“A friend of mine advised me to join this broker. He has been already trading with it for more than a year and has only a positive impression about it. I also conducted a sort of research about the broker and learned about its license, although I more trusted my friend rather this legal official information and my friend was right. I can also confirm that it’s a good broker for me. I chose a Raw account because it’s universal. It offers tight spreads so it can be good for both scalping and long-term trading. So, it’s the same as ECN accounts provided by many brokers today.”

Helpful Report

Posted 3 years ago

“It’s hard to label this company as a scam given its rich experience of working in the industry and the availability of a licence. What’s more, it has both fixed and floating spreads, but I lack cTrader here. I hope they will add this platform soon.”

Helpful Report

Posted 3 years ago

HYCM is rated 3.9 based on 484 reviews