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

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“This company has a handy mobile app. I like the ability to set price alerts there. In the past, I often had to deal with situations where the asset I was looking for just went up or down, and I missed the price movement. I really regretted that I wasn't at the terminal in time. I was looking forward to trading this asset for so long, and I missed it. Now with this broker, this problem is solved. And I will also mention reasonable spreads and commissions here. Because it's essential. By the way, in this company, you can choose the type of account without commissions, too. There are three account types with different conditions for the diverse needs of a trader. So the company suits me. I can trade from the comfort of the app. And my costs are low.”

Helpful Report

Posted 3 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 3 years ago

“So, I haven't written anything about brokers in a long time. But a couple of months ago, I moved to this broker, and I'm ready to share my impressions about trading here. I know that a lot of people will find this information useful. Because it's hard to choose a company by the descriptions alone on the website. So what do I like about this broker? 1. The tight spreads. That is really the first thing I want to point out. Because without considering the costs of trading, all the other advantages would not be that significant. After all, the main goal of every trader is to make money. And with huge spreads, it's impossible. 2. Affordable minimum deposit. It is essential for those who want to test the company's conditions or haven't saved money for a significant deposit. 3. Excellent regulation. The company has many licenses. So the question of whether it is legal completely disappears by itself. 4. For me, the most convenient and straightforward trading platforms. These are MT4 and MT5. I'm accustomed to it, and it works for years without failures. 5. Protection against negative balance. If you don't remember, in spring 2020, a customer of Interactive Brokers had an accident. When the oil fell below zero, he owed the company $80 million, if I'm not mistaken. The story is old, and I don't remember all the details. So that was when I first thought it was necessary to find a broker with protection against negative balance. Because there really are unpredictable situations on the market. So this is my list. I will be glad if this list is useful to any beginning trader when choosing a broker.”

Helpful Report

Posted 3 years ago

“I opened a Fixed account with this broker because I don’t want to deal with floating ones. Of course, as rule, they are advertised as quite low, but they tend to drastically widen in times of volatility. Fortunately, I don’t notice that with the Fixed account. Despite the spreads are higher, but the fact they are intact gives me peace of mind.”

Helpful Report

Posted 3 years ago

“Some folks tend to choose brokers who offer a lot of bonus promotions or who offer to get started with very low trading deposits. Perhaps, you might have already seen brokers allowing to trade with ten bucks or even a smaller amount. There’s no wonder about it because many brokers offer to work with so-called cent accounts. From my point of view, such trading accounts are absolutely worthless because they have much in common with demo accounts. You can’t learn trading when using very small amounts. You aren’t afraid of losing them. As a result, you can’t train your psychology. I prefer to deal with veteran brokers. These are reliable companies who earn from spreads, so they don’t need to offer bonuses or very low deposits. That’s the sign that they cater to serious investors. I trade with one of such brokers. That’s HYCM. I like its trouble-free trading process. I’ve been trading with this company for three years and I know that’s the place where I can withdraw money at any time. It gives me peace of mind and I don’t want to look for alternatives.”

Helpful Report

Posted 3 years ago

“Although I’m prone to trusting veteran brokers, nevertheless, I took some time to attentively study HYCM reviews online. I only understood that reviews are mostly subjective and they can hardly be the very thing to base your opinion about the broker. Tastes differ you know and experiences differ too. Very few people are capable of composing an objective review because in most cases they have a concrete interest in the broker that prevents them from forming an objective picture of the subject. So, I decided to join the company to test the trading process here and I did it. During registration, I had several issues, but their customer support manager was so kind to navigate me through the process and it was the first positive impression of the company. The trading process didn’t bring me unpleasant surprises - I can trade conveniently with the broker - it doesn’t manipulates prices, so I can enter the market at the price I want. Besides this, I tested the withdrawal process and it all went smoothly too. It makes me further trade with the broker.”

Helpful Report

Posted 3 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 3 years ago

“I’ve been trading with this broker for more than a year and I don’t regret joining this company. I should say that it’s the first veteran broker in my life. Previously, I was used to trading with young brokers started in the 2010s. These companies offered a lot of bonus promotions but lacked reliability. I often had withdrawal issues with them. What’s more, there were situations when I failed to enter the market at the price I wanted. Perhaps, they couldn’t execute my orders due to some liquidity issues. Fortunately, I don’t face any of that unpleasant stuff mentioned above with this broker. I know that I can trade conveniently and the broker will not prevent me from opening a trading position at the desired price.”

Helpful Report

Posted 3 years ago

“One of the best brokers at all, at least among those that I've found. First of all, it's regulated and that's good, I never trust unregulated financial companies, as I had negative experience with one of unregulated companies. Spreads are okey, can't say they're the lowest, but if you trade Fixed spreads, then that's probably one of the best offerings. Variable spreads don't sound to be so tasty, but it's also okey, around 1.3 for majors.”

Helpful Report

Posted 3 years ago

“Tried raw spreads the other day, and it's cool, but of course in case you trade regularly - very handy! The commission is the lowest!”

Helpful Report

Posted 3 years ago

“When deciding to start trading with this broker, I was mostly motivated by two two reasons. The first reason is that I thought that a company with a 40-year experience can’t be a scam project and I should say that they met my expectation. Secondly, I found their spreads attractive enough for my scalping style. It especially applies to a Raw account that I chose when registering with this broker. With this account, I can enjoy spreads starting at 0.2 pips. Another thing I need to mention is that I had no problems with withdrawing my earnings. Each time I start trading with a new broker I always worry when it comes to withdrawing money because there’s a possibility to say goodbye to your funds, but with this broker, I withdraw money without delay.”

Helpful Report

Posted 4 years ago

“This is a very decent broker with a small deposit. I think $100 of minimal deposit in HYCM is more than an affordable choice for traders, especially for beginners. What else? I read many reviews about this company before I started trading. And I've made sure they were mostly positive or neutral. There wasn't much negativity on the forums compared to other brokers. This is a good sign. After all, HYCM is multi-regulated. Its activities are monitored by several serious organizations. I think this also works to the benefit of the clients. And the company's 40 years on the market is a severe figure. Obviously, the broker doesn't want to spoil its reputation by dubious trading conditions. So they offer the right conditions. By good terms, I mean the availability of different types of accounts in HYCM. They are divided so that everyone can choose the one that suits one best. Another advantage is relatively tight spreads. I can't say they are the tightest in the market. But those companies that offer tighter spreads already have minimal experience in the market. So I'm all the same for reliability and stable trading conditions.”

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

“It's cool that this company has several regulations, it increases the credibility of the company and it allows it to attract more traders who are interested in serious work. In addition, there are raw spreads here - which is pure delight!”

Helpful Report

Posted 4 years ago

“I’ve been trading with HYCM for two months and I get mostly positive emotions. I can’t complain about the execution - my orders aren’t suspended, they are instantly processed by the broker. It takes me an hour or so to have my earnings withdrawn to my Skrill account.”

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.”

Helpful Report

Posted 4 years ago

“That's one of the brokers that changed the industry and made it better and, in my opinion, that's the main reason to admire this brokerage. I'm trading with it since 2000's and I saw how company was changing: launching new entities, education and powerfull workshops that are inspiring people all around the Globe. Newcomers wouldn't understand that. But it was so much brokers that went out the scene for that time, but that company is still on its place and improving each year. For me that's the best evidence that I have chose the right place to invest my money, so now I'm calm and know that my funds are safe. Gratz!”

Helpful Report

Posted 4 years ago

“It seems to me that HYCM reviews do not reflect the real situation in this company. Almost everything depends on your feeling in the market, because while working you have to face many obstacles and observe all kinds of speculations and use different strategies in this changing conditions, etc... And you can only cope with all of this if you're in an objectively normal environment, which a brokerage company will provide you with. I noticed that there is no problem with the trading platform (I use mt4) and there is always actual news from the market, so I don't need to use any additional resources to find data to make decisions about the market. Of course that's not everything you need to be profitable, but it's definitely something that can be an important part of your job and it's true...”

Helpful Report

Posted 4 years ago

“I’m afraid of losing my hard-earned money and it makes me look for only the most respected brokerage services. You know that trading is a very challenging thing and even experienced traders may lose money when they fail to forecast the market. However, people may lose money not only due to an incorrect market forecast but also due to a scam broker. You may deposit money to your account and then say goodbye to your capital. Unfortunately, this happens from time to time. I guess collaborating only with proven brokers is the only way out. This broker belongs to the category of the proven ones. It has a forty-year experience in the industry and it gives me grounds to trust it.”

Helpful Report

Posted 4 years ago

“The broker offers excellent trading conditions. I chose for myself the Raw account. There are the most reasonable spreads in it. I found that even in combination with a small commission, it's profitable. And I wasn't wrong! The conditions really fit my trading strategy perfectly. And the higher deposit makes me not be greedy, but invest a comfortable amount of money in trading. It's a nice solution.”

Helpful Report

Posted 4 years ago

HYCM is rated 4.2 based on 421 reviews