HYCM Reviews

Name: HYCM
Rating: 4.15

4.2 Rating 421 Reviews

82 %

of reviewers recommend HYCM

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4.2

Based on 421 reviews

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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

“I'm trading for 9 years, 7 of them I'm with this brokerage. The best thing is that I see how brokerage is working the improving program. Company is expanding analysis and other features. For example, I like built-in ticket feature allows to instantly buy/sell assets. I think this constant progress is the most important indicator that brokerage is good and deserves your attention, as you know that sooner or later, broker woulld add new features that will improve your trading. However, I don't like that there are no 24/7 support, support eam is available only 24/5, so weekends is the time when you can't get fast answers, that's inconvinient sometimes.”

Helpful Report

Posted 4 years ago

“When you choose a brokerage company for permanent work, of course you try to collect as much information as possible, and in this sense, I was helped by HYCM reviews, which I found on all major trading forums, because it turned out to be a large and quite popular company. And I think that this popularity is caused not so much by the fact that this company has existed for several decades, but also by the fact that the company is trying to provide access to all modern services, which allows traders to quickly adapt to the changing features of the market and find exactly those strategies that deserve attention and allow them to act most effectively. Among all the variety that is presented here, I can mention a few important points. 1. Of course, this is a demo, even if you don't know about the market at all, you can always try to work without any investments and check all the strategies. 2. Different types of spreads. This is also an interesting point, and it's really cool that you can try fixed or raw spreads. And so you can choose the best one for yourself.”

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)”

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Posted 4 years ago

“Order execution is very fast. The terminal is working rapidly. There are almost no slippages. And spreads are tight enough. It`s not the first broker I`ve dealt with. But it`s the best company for me.”

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....”

Helpful Report

Posted 4 years ago

“Of course I'm very happy that I started working in trading, because before that my life was a kind of ordinary and even boring. It seemed to me that I could never go beyond and try something really original. But eventually I realized that if I didn't try it, I would be disappointed my whole life. But I knew that there were a lot of dangers waiting for a trader here. That is why I was very attentive to the choice of the company. And I chose this company only because here I saw an excellent reputation and customer focus, even without preparation. It turned out to be true. I now work with fixed spreads, I use 2-3 indicators, sometimes I connect forex calculators and read analytics. Soon I will make the first money withdrawal.”

Helpful Report

Posted 4 years ago

“I chose myself a brokerage based on their reputation in the network and reliability (regulation). And this broker was perfect for me by my parameters) There were most positive or neutral reviews in the Internet; there were only a few negative ones. The broker's regulation was also excellent. At the moment I have been trading with it for 7 months, everything works for me. I practically didn't have any problems in trading, I wasn't fooled or anything else. So, I really can't complain)”

Helpful Report

Posted 4 years ago

“I liked the fact that here I could use fixed spreads (at an affordable price, if I may say so). And here they respond quickly to all your questions, it's a good service.”

Helpful Report

Posted 4 years ago

“When I was choosing my account type, I found a test on the broker's website. The purpose of this test is to help a future client of a brokerage to choose the best type of account that suits a trader and his preferences. And according to the test results, the Raw account suited me best. Of course, it didn't mean that I immediately opened this account type. I compared all 3 accounts, compared trading conditions on them, and came to the conclusion that the test has chosen the right account for me. The fact that many traders first open an account based on the test results, and then complain that the account doesn't suit them. The test should HELP you choose an account, not do everything FOR you. And many traders forget about it. Anyway, I liked trading with a broker, it's comfortable and safe to trade with it. This is exactly what I appreciate in brokers :)”

Helpful Report

Posted 4 years ago

“The broker has a very long and interesting company history. That's what caught my attention. I read about it in some reviews, and decided to learn more about it. Since the company was founded in 1977, I decided to try whether the quality of trading would differ from trading with the most standard brokerages. So I opened a classic account with HYCM and started trading on it. It is cool that a broker has as much as 3 trading accounts to choose from, and the trading conditions on each different. This allows you to try several accounts with different trading conditions and experiment a little in trading ;) As for me, it only gives you some extra opportunities in trading. But since I have already decided on my account type, my trading conditions are 1.2 pips, the min deposit is $100, the min deal is 0.01 lot, and trading with Expert Advisors. I haven't written about my trading experience, but I've been trading with HYCM for about half a year. So far I haven't had any problems, and I'm happy about it. Of course, I did find some minor drawbacks in brokerage work, but they didn't ruin my trading much)”

Helpful Report

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

“There is really good education that I tested myself. Other brokers offer fragmented education which is had to gather together and apply in real trading. this brokerage is much better in this regard, you really can learn how to trade there and it's perfect.”

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

“It seems to me that it is not enough just to understand all the features of the market. That's why I think it's right to focus on a certain direction in the market, which you will understand best and which will become your reference on the market. In my opinion, this company is a bright representative of classical forex trading, and that's why it attracts those traders who are interested in independent work and in getting access to a wide variety of tools for analysis. I am really interested in it. Here I have learned how to analyze, keep statistics, choose assets that make up my business plan. I use variable spreads (from 1.2 points) because they are low and help me with long-term positions.”

Helpful Report

Posted 4 years ago

“This is multi-regulated brokerage that offers access to the world of trading .Among the regulators there are FCA and CySEC. For me that was the main reason to trade with this brokerage, as I like when everything is according to the laws. What about trading process there it's quite typicall, spreads are affordable for broker of such kind and assets list is wide enough to satisfy almost every trader.”

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

“It seems to me that this is a rather conservative but open to progress company that remembers all the important things - demo, MT4, analytics, forex calculators - there is everything you need.”

Helpful Report

Posted 4 years ago

“I am satisfied with the fact that here you can work with different terminals and with different instruments, indicators, it allows you to develop and adapt to changing market conditions...”

Helpful Report

Posted 4 years ago

“My favorite brokers, sometimes spreads are higher than with other brokers. But I've tried other brokers and they much worse in trading, so I always came back. This brokerage really deserves the best point.”

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Posted 4 years ago

“I think that now trading is going through a good period, because it becomes more popular at a time when people can't implement some projects in reality, and here you can work without leaving your own house and it's really something new for people who have never gone beyond the limits before. And this is really good news, because this is a real perspective that I saw in this business many years ago. And it's really understandable if you find a brokerage company like this. Because it was able to organize all the conditions for a person to understand what the market is and see all the opportunities. This is where I learned what raw spreads are and how you can use them in your work. That's where I figured out the calculations of profit and free margin.”

Helpful Report

Posted 4 years ago

HYCM is rated 4.2 based on 421 reviews