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 3 None 5 Stars 4 Stars 3 Stars 2 Stars 1 Stars Helpful

“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

“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.”

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Posted 4 years ago

“I started trading here by recommendation. I can say that this company is qualified as a broker, because the documents are fine. Among the main characteristics of the company for those who are just starting, I can highlight: 1. MT terminal (4/5) 2. training is only basic 3. tools for analysis - there are (both technical and fundamental analysis) 4. there are floating and fixed spreads”

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Posted 5 years ago

“HYCM declared that is is established since 1977. But actually it's not true. 1977 is the date when henyep group (mother company) was established. And Forex company HYCM is working from 2010 or around that.”

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Posted 7 years ago

HYCM is rated 3.9 based on 482 reviews