HYCM Reviews

Name: HYCM
Rating: 3.86

3.9 Rating 485 Reviews

74 %

of reviewers recommend HYCM

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3.9

Based on 485 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

“One of the best brokers, without any doubts. With education, fast execution and responsive support. Nothing less, nothing more. If you're looking for place to trade - my word is for that company.”

Helpful Report

Posted 4 years ago

“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

“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

“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

“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

“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

“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

“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.”

Helpful Report

Posted 4 years ago

“My favorite broker. I've known about this company since the early 2000s, but as I understand it, Heynep has existed since the 1970s. It demonstrates the company's approach to business. It's not just a 5-10 year project that will then disappear, it's a company with a reputation that wants to work to maintain and improve it. It may not seem important to you, but it is. Only by trading with well known brokers that you protect your funds. Moreover, HYCM has all the necessary regulations, so from the point of view of the law you are also 100% protected. My experience with HYCM is very positive. I make 10-12% per month to my deposit and on average make one withdrawal in 1-2 months”

Helpful Report

Posted 4 years ago

“I'm trading because it gives me a huge amount of pleasure. But money, too, of course. And even some technical difficulties or problems don't embarrass me much, it's all temporary, but when you catch the "right wave" - you can really earn quite a lot, of course, if you have a good understanding of what you're doing. Not the last thing that matters is the brokerage company you've chosen. For example, in this one I am attracted to convenient services for calculations. And there are great articles and tutorials on forex. I recommend that you at least get acquainted with basic reviews.”

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

“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

“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

“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

HYCM is rated 3.9 based on 485 reviews