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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Anonymous

Anonymous // 01/01/2019

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

“This is a very successful company. This was enough for me to start trading here. Because I want to become successful and the reputation of the company in which I will work is important to me. HYCM has been working for a very long time and has a huge number of customers who write good reviews. They do this because the broker is honest and has everything to trade: MT4 and MT5, a lot of trading assets, good support and quick withdrawals!”

Helpful Report

Posted 3 years ago

“Probably, like everyone else, I started out trading on currency pairs, but as I got out of the pandemic, I got carried away with Asian Indices. My former broker had a very limited selection of indices and the spreads were biting. So I started looking and went to HYCM. Excellent trading condidiitions and licenses convinced me. Now I'm very glad that I decided so. I made good money.”

Helpful Report

Posted 3 years ago

“Definitely a worthy broker. I have been trading for several months, they did not disappoint, support is always ready to help if you have any questions, and there have been no complaints about the execution so far. I'm going to try a stock account, it's interesting to try something other than currencies. On the positive side of this broker, it can be noted that the types of its trading assets are very widely represented. For example, the list of trading instruments contains about 200 different stocks, 14 types of cryptocurrencies. And also the fact that the average transaction execution time is up to 12 ms”

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Posted 3 years ago

“I like the trading conditions in HYCM. There are many such reviews. But I don't understand why the company introduced an account with fixed spreads. I don't trade on it because I believe that the spread for each asset at any given time should change depending on the current market quotes. Floating spreads are determined solely by the market situation. They don't suppose any interventions from the outside. Using a floating spread, I pay for each trade an amount exactly equal to the difference between the bid and ask prices for a given asset at the trade time. Thus, no one, including the broker, can determine in advance the size of the spread and guarantee the hypothetical profitability of a trade. I want to trade with transparent conditions. That's why I chose a broker with good regulation and positive feedback. The HYCM reviews are good. And also, the broker is multi-regulated. So I'm not worried about my capital here. And it's the most essential factor for me.”

Helpful Report

Posted 3 years ago

“This is another good broker in my portfolio. For five years of intensive trading I have never relied on one broker. Instead, I pursue another policy. I try to diversify my trading capital between several brokerage services. To be exact, as of now I trade with up to ten brokerage services and the tenth one was recently chosen by me. That’s HYCM, one of the oldest brokers in the world. Its year of foundation is 1977. I learned about this broker from reviews. It’s no wonder that for a long time I knew nothing about this company because as a rule veteran brokers are not aggressively promoted unlike younger projects. But veteran brokers have a steady audience and reliability. The latter is especially crucial for me because I want each of my brokers to be reliable enough. I never scalp with my brokers. I hold long-term trades only and HYCM is no exception. I opened a Fixed account here. With this broker, I hold long-term trades on currency pairs and metals. I already tested withdrawals here and I’m satisfied how their managers held my requests.”

Helpful Report

Posted 3 years ago

“I couldn’t overlook this broker because I’m a very conservative trader. A broker with one of the richest experiences in the industry is what I need. I registered a Raw account with the broker because I find it universal. I can use it either for scalping due to very tight spreads or for long-term trading. The quality of execution here doesn’t give me any reasons to complain.”

Helpful Report

Posted 4 years ago

“This is a broker with acceptable trading conditions. You can start trading with a minimum deposit. You don't need thousands of dollars to do this. The company has nice fixed and floating spreads.”

Helpful Report

Posted 4 years ago

“This broker is very classical. Here you can hardly find anything innovative, such as modern cutting-edge trading platforms or catchy bonus promotions. Instead, you can count on Metraders as the only trading solution and… ultimate reliability. Of course, the latter is of supreme importance for many traders. If you need just a reliable partner without whistles and bells, then this 40-year old broker would be the optimal choice.A reliable broker is a great thing that makes you forget about extra features. I tested this broker for two months and I didn’t discover anything negative in the trading process. Requotes didn’t show up and the broker didn’t try to offer me another price instead of the requested one. When deciding on this broker, keep in mind that European branches of the company can’t offer you high leverage due to regulation restrictions. It’s probably the only downside of this company, although that’s true not for all of its branches. Visit their official website to learn about leverage restrictions in different areas.”

Helpful Report

Posted 4 years ago

“For me, HYCM has long ceased to be something unexpected, I have been trading here for almost 5 years and I can say that during this time, experiencing good moments and heavy losses (in the first year of market development) I never wanted to change the company or give up trading generally. I myself understood my mistakes and often faced strong excitement that did not allow me to think about my own prospects. So it is not surprising that I often made mistakes, but over time, with the help of constant practice and demo and the recommendations of my analyst, I still managed to become a real trader and correct all the mistakes that I made before. I cannot say that HYCM reviews will show you all the advantages and features of this brokerage company, because a lot depends on your personal preferences and work habits. But here you can really work and even study, and there are no difficulties with financial issues. I think you'll like this.”

Helpful Report

Posted 4 years ago

“Multiregulated company and that's all you need to know about it I think. Reliable, with responsive support. I'm trading it for 4 years, no problems at all, so I think brokerage is good =) No copytrading, but I don't think that's significant disadvantage=)”

Helpful Report

Posted 4 years ago

“I want to leave an HYCM mobile app review. It's the only broker in my memory that has a great app. Usually, these programs are a bit underdeveloped. But I can tell right away that this company values its reputation. That's why there are many useful features in the app. So the app is terse, and the interface is understandable. I can get notifications about important news with a short explanation. I especially like this last feature. Thanks to it, I have made a couple of big profits. It allows me to track what is happening in the market promptly. I like the conditions in HYCM. I have read many reviews about how difficult it is to choose the company's type of account. I don't understand what the difficulty is. Because each type of account is accompanied by a clear description. Plus, there is also a test to determine what type of account is appropriate. I also like the fact that the minimum deposit in the company is really minimal. For such a large broker, this amount is very acceptable. In my opinion, it is the lack of built-in analytics in the terminal only. I would like to make it even easier to prepare for trading. But this is my personal review. Maybe it's a little subjective.”

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Posted 4 years ago

“Clear conditions with the right serbices for modern traders - calculators, webinars, different types of spreads, reasonable commissions”

Helpful Report

Posted 4 years ago

“HYCM has a lot to offer both for beginners and professional traders. And I think that's good that brokerage isn't overconcentrated only on one part of audience and tries to satisfy both ones. For professional traders HYCM would be definitely good for 2 reasons: 1) It's regulated. And that's not simple CySEC regulation, HYCM also has FCA regulation and that's even more reliable one. Yeah, I know they belong to different legal entities, but we know that's just a formal thing, they're all part of the Heynep Group and are contolled from the signle headquarter. 2) Story behind the company. Something new is cool if we don't speak about our money. When it comes to business, investing or simply managing our funds, all of us would prefer sth that's proven by time. As HYCM operates since 1970s it has a long-standing reputation and a strong old-clients database. And that's exactly what professionals are looking for. For beginner traders HYCM has also sth to offer. I mean: 1) There's education. And yeah, everything except workshops and webinars isn't so good to make you trader, but these live activities overshadow weak primarly education. For example, I came to HYCM as experienced traders, but I got a lot of usefull things with its webinars. 2) Economic calendars and other stuff. Pros aren't using them, as they're using more complicated ways to get news and insights: BI Intelligence, Bloomberg, etc. But if you're beginner, I think you would be satisfied with all info gathered in one place, so no need to search for info and re-check it. I don't mean that's the best brokerage in the world, I know some of its flaws, as well I have read a lot of HYCM reviews where people explained what disadvantages they found in that company. But if we look 'in general; than HYCM is no doubt a place I'm satisfied with.”

Helpful Report

Posted 4 years ago

“Acutely well-publicized company. It's obvious that a lot of money has been invested in the app. But everything works really great here. I'm satisfied with the trading conditions the company offers.”

Helpful Report

Posted 4 years ago

“HYCM is a fine brokerage, IMHO. I started trading there not so long ago, but already now I can say that it offers quite adequate trading conditions. Maybe they aren't so diverse, but they are suitable for almost every trader. Firstly, I have some doubts about this brokerage but it's regulations made me trading there. Secondly, HYCM has a fairly positive reputation in the traders' community, that also builds a trust. Of course, I checked everything twice and brokerage justifies its reputation. The only difficulty I had with it was choosing the type of trading account. HYCM offers 3 of them, and on each one trading conditions are slightly different. Seriously, choosing the right account type took some my time, but finally I decided to trade with Classic one, it feels like the most suitable for my trading strategy.”

Helpful Report

Posted 4 years ago

“The broker has quite tight spreads for Forex trading. But what I like the most is that the broker is multi-regulated. Because a broker without regulation is very unreliable. In investment business it is just must-have)”

Helpful Report

Posted 4 years ago

“My interest in this company arose due to the presence of several regulators, I was surprised that they decided to provide access to clients from different countries, while making it equally accessible and safe for each client. This shows the serious intentions of the company and that it seeks to maintain its reputation (by the way, for over 40 years!).... For services there will be no surprises, there are classic MT terminals, which have many indicators, settings and timeframes, so that you can accurately perform calculations. And if you notice any difficulties, be sure to try to use forex calculators, with them you will definitely not make a mistake....”

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Posted 4 years ago

“I did not understand a little bit about the withdrawal of funds, contacted the support team - everything prompted me and I received the money after only 1 hour. Thank you for your immediate help.”

Helpful Report

Posted 4 years ago

“Originally, I was attracted to its diversity of account types. It was really unusual and cool. Most brokers that offer the choice of account - trading conditions on these accounts are almost the same. But at HYCM all trading conditions on each trading account are different, and you can even get a little confused)) But when I took a closer look at the broker, I realized that it isn't all interesting that it has. This broker actually has a very long and interesting company history, it is in this business for a long time. And also HYCM has an excellent regulator, which will guarantee the protection of your investment. That's all I wanted in my future brokerage, so about a year ago I opened an account here. And now I'm very satisfied with my trading, and with all my experience I gained with HYCM.”

Helpful Report

Posted 4 years ago

“Personally, I didn't find anything that would make a broker stand out in any way. It has comfortable trading conditions, but so do many brokers. It is a reliable broker, but it also has some small disadvantages. For example, I don't like the fact that at a broker has a choice of account types, but they are all very, really different. I would like to see that the trading conditions on each type of account aren't that different, as it really becomes difficult to choose. On the other hand, brokerage has a test to help you choose your account type. But even so, it still turns out to be too confusing. Generally, I'm satisfied with the broker's work, but it still has something to work on.”

Helpful Report

Posted 4 years ago

HYCM is rated 3.9 based on 482 reviews