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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Sofia

Anonymous

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

“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.”

Helpful Report

Posted 3 years ago

“I found this broker accidentally in the internet and it grabbed my attention right away. Everything because there are good conditions for all types of traders. It doesn't matter whether your an investor or scalper actually. There are plenty of trading instruments and two main trading platforms such as MT4 and MT5. These ones are the best from all I think. However, the maximum leverage on crypto is 1:20, while I like higher leverages for trading, but one can state it's nothing.”

Helpful Report

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

“Probably you can hardly find a trader who hasn't heard of this company. The broker is of course very famous. I don't really like their website, such a famous broker could have spent more time and money to develop it, but as for trading conditions, they are optimal. There are three different types of accounts to choose from and there is even an account with fixed spreads. Many brokers don't even offer such an option, because in case of unforeseen situation on the market all the risk will have to be covered by the broker. And hycm has enough reserves to cover those risks.”

Helpful Report

Posted 3 years ago

“I decided to trade at night with this brokerage company because it’s ideally suited for this. It’s because this broker offers fixed spreads. If you have ever tried to trade at night, you should know that floating spreads are quite problematic for night trading. To be honest, it’s not a problem for anybody. Many people get along with floating spreads even at night. Yeah, that’s true, but you should realize people trade differently. If a person is not a scalper and he usually enters the market manually, it’s no problem, but the situation is different if you rely on pending orders. At night you may struggle placing pending orders because of widening floating spreads. You may place a system of pending orders and then one or two of them can be kicked out by suddenly widening spreads. If you have ever faced such a situation, you should know that the only way to avoid it is to find a broker with fixed spreads. I did and registered with HYCM. It offers fixed spreads and it’s regulated. That’s what I wanted to get.”

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

“Only with hard work you can achieve high results. At first I did not manage to earn, but it was because I did not understand the functions of the trading platform. After a detailed study of the principle of work it moved forward and everything started to work out for me. The company cares about its own reputation and users come first. I have been trading cryptocurrencies steadily here since October 2019, and I'm already starting to look at indices and securities. I recommend HYCM as a decent company, I feel very comfortable trading and doing business with them. Spreads here are average, but there are no hidden commissions. They should have varied the list of trading platforms, but all is ok.”

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

“Today I have withdrawn my first thousand dollars from HYCM, although I came to trade with a minimal set of knowledge. The broker lets you earn and develop. I recommend using its services to everyone who wants to change their life. I am happy that they do not bail and do not disappear after depositing. I'm not worried about the safety of my money here.”

Helpful Report

Posted 3 years ago

“Some people pay too much attention to assessing brokers. They compare different brokerage companies and try to find out which license ensures better protection. Earlier I was also convinced that the choice of the right broker is the bulk of success in trading. Over time I realized that the main thing is that how you analyze the market. Of course, today the brokerage industry is overcrowded with scams, but on the other hand, it’s not a problem to find a genuine broker. All you need to do is to make sure that it’s regulated. Even if your broker has a license from a very reputable watchdog, it doesn’t mean that you will become a millionaire soon. Your major tool in trading is the capability to analyze the market correctly. If you are for some reasons still struggling to do this, don’t persistently try to enter the market. You’d better focus on demo trading. You should have enough practice and over time you will acquire this crucial skill. I don’t know how much time it my take - it’s all individual. As for this broker, it’s genuine, experienced and regulated, but the percentage of profitable trades is not the merit of HYCM, that’s my hard work.”

Helpful Report

Posted 3 years ago

“I like the fact that this broke offers several types of accounts. In my opinion, it diversifies trading activity and makes it much more interesting and fascinating. It adds a bit of competitiveness, which means that you will improve your skills much faster, because you always will be striving for the best. Moreover, there is a quite convenient for, consisting from five questions, which can help you to determine which type is suitable for your style and your needs.”

Helpful Report

Posted 3 years ago

“I don’t think too much when choosing a broker. I just make sure that it has a license and I don’t care about the rest. Even the best broker can’t trade instead of you, so you’d better focus on trading and not on finding the best broker. I scalp on the ECN account here and I can’t say anything special. I analyze the market, open and close trades and the broker doesn’t prevent me from withdrawing funds. That’s a normal broker in my understanding.”

Helpful Report

Posted 3 years ago

“Nowadays it's becoming harder and harder to choose a proper broker for your needs in trading activity. It's explained by the presence of the biggest amount of broker around the whole sphere and all of them has their own peculiarities, drawbacks and advantages. So, firstly you have to assess the work of an expected broker in order to be sure that it suits your needs. HYCM gained my attention by its approach to traders. There is a quite responsive customer support, which help you any time you apply to it. Moreover, it has a great system of diversification traders according to their personal style and needs in trading. A smart system can help you to determine which type of account suits you most in order to ease your trading activity. Nevertheless, I'm not really okay with the system of withdrawing money, because the minimum size of withdrawin is 20$ and this fact makes me a bit disenchanted because I tend to withdraw small amounts of money, but one can state that it's nothing.”

Helpful Report

Posted 3 years ago

“I have been trading with HYCM for several months and I really enjoy working with these guys. First of all, I like the fact that they support mt lineup. It is very important for me because I have always traded with mt4 and I don't want to change my trading habits. More than that, the broker offers different types of accounts with different trading conditions which is also great. It may seem a little bit complicated but there is a quiz which helped me to understand which type is more suitable for my trading style. The spreads are nice there, so you don't need to worry that the major part of your profits will go to the broker in the form of the fees.”

Helpful Report

Posted 3 years ago

“As long as I trade in HYCM on minimal deposit I have no problems, in four months I have raised my account from $100 to $750 by myself, without any manager and depositing money. If I were asked to rate HYCM now, I would rate it five without question. But lately I am thinking to do some serious trading and deposit $10,000-15,000, but I am hesitating because I have not seen reviews about HYCM from people with big depo and I am not sure if I can trust them with such amounts. There is a fixed account with fixed spreads, as well as a classic account with floating spreads. I am comfortable using both accounts, each for its own trading strategy. I think I will open an account with big deposit here in the near future and later I will leave feedback how the trading went. I want to earn good money and not play around.”

Helpful Report

Posted 3 years ago

HYCM is rated 3.9 based on 482 reviews