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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“Brokerage that made me happy, there's nothing special, but orders are executed and I get withdrawals when I need them. What else I need? Seems that nothing more, I profitable and brokerage is making it work, other just depends on me and my trading skills.”

Helpful Report

Posted 4 years ago

“I’ve been practicing scalping for three years. As you might have guessed, spreads are my number one concern when choosing a new broker. It’s because too high spreads make my scalping a daunting task. Respectively, I stay away from brokers with wide spreads. This broker suits me as a scalper. I opened a Raw account and now I enjoy ultra-low spreads from 0,2 pips. Of course, the broker has to somehow compensate these spreads for itself and for this purpose it charges $4 each time I enter the market. It’s ok. I’m ready to pay this commissions. Its still more favorable than classic account.”

Helpful Report

Posted 4 years ago

“I have been working with HYCM for a year and I have something to write about it. Despite the fact that some reviews about it are negative, I haven't found those disadvantages of the brokerage. I decided to start trading because I was looking for an additional opportunity to earn money, and besides I wanted to spend more time on self-development. As it seemed to me, trading includes both my wishes, and I decided to try it. It turned out that finding a reliable broker that you can trust is quite difficult. But then I found a brokerage that has been working in the market since 1977, and during this time it managed to create and maintain a fairly positive reputation. So I decided to give this broker a chance and open a Classic account, because it has the best trading conditions (I write about HYCM here, by the way). And now, as I have already written, a year has passed since I started working with this broker. So far, I have no complaints or disappointments about the broker or its work. Of course, I have had some small questions or misunderstandings during trading, but the client support has always helped me. So I am glad that my broker is HYCM, it works for me.”

Helpful Report

Posted 4 years ago

“Clear conditions with the right serbices for modern traders - calculators, webinars, different types of spreads, reasonable commissions”

Helpful Report

Posted 4 years ago

“I appreciate this broker for decent trading conditions. Their minimum deposit is quite affordable for anyone with serious intentions. Just one hundred evergreen bucks. I really have no idea how to get started with ten bucks. You know many brokers in the market try to attract this way. HYCM is different. Established in the previous century, it’s too respected to focus on such trifles as micro deposits and suspicious bonus promotions. Instead, it offers good execution, reliable platforms and trouble-free withdrawals.”

Helpful Report

Posted 4 years ago

“HYCM has a lot to offer both for beginners and professional traders. And I think that's good that brokerage isn't overconcentrated only on one part of audience and tries to satisfy both ones. For professional traders HYCM would be definitely good for 2 reasons: 1) It's regulated. And that's not simple CySEC regulation, HYCM also has FCA regulation and that's even more reliable one. Yeah, I know they belong to different legal entities, but we know that's just a formal thing, they're all part of the Heynep Group and are contolled from the signle headquarter. 2) Story behind the company. Something new is cool if we don't speak about our money. When it comes to business, investing or simply managing our funds, all of us would prefer sth that's proven by time. As HYCM operates since 1970s it has a long-standing reputation and a strong old-clients database. And that's exactly what professionals are looking for. For beginner traders HYCM has also sth to offer. I mean: 1) There's education. And yeah, everything except workshops and webinars isn't so good to make you trader, but these live activities overshadow weak primarly education. For example, I came to HYCM as experienced traders, but I got a lot of usefull things with its webinars. 2) Economic calendars and other stuff. Pros aren't using them, as they're using more complicated ways to get news and insights: BI Intelligence, Bloomberg, etc. But if you're beginner, I think you would be satisfied with all info gathered in one place, so no need to search for info and re-check it. I don't mean that's the best brokerage in the world, I know some of its flaws, as well I have read a lot of HYCM reviews where people explained what disadvantages they found in that company. But if we look 'in general; than HYCM is no doubt a place I'm satisfied with.”

Helpful Report

Posted 4 years ago

“Every person faces certain difficulties in the market. Because it has a lot of fluctuations and unexpected changes, and it requires a lot of knowledge and constant search, and it takes a really long time to get the necessary experience and professionalism. And I also feel that this company supports traders and supports the idea that trading is just a business, not some kind of entertainment. Most of all I am attracted here by fixed spreads - only from 1.8 points, although I also worked with raw ones - but stopped because I do not trade so often. I also liked the toolkit for analysis, in general, it has everything you can imagine.”

Helpful Report

Posted 4 years ago

“Well, my story would be a little bit strange. I joined HYCM because I was really tired of trading with unregulated brokers. Fortunately they didn't rob me, but executions were laways delayed. I once had a 50 pips slippage on my stop order. I decided to change my trading and try something different. And yeah, i had some fears about changing a brokerage, but the outcome justifies some inconveniences. If speak about HYCM, it's great in general, so I'm really happy I've made that decision. The best thing I really like is support service. Nothing special, but you just get all updates and info in time, no need to wandering around brokerage website to find something, that really helps,especially when your head is filled with trading and you don't want to spend efforts on all this routine staff.”

Helpful Report

Posted 4 years ago

“All traders have absolutely different wishes and requirements to the brokerage company, because much depends on the trader's experience and on what strategies he uses in his daily work. And that's why today's modern companies began to offer somewhat extended conditions. And I like it. For example, this company has both versions of MT and, more importantly, different types of spreads. The demo is also available for all types of accounts. So, you can try everything in advance...”

Helpful Report

Posted 4 years ago

“A reliable and trustworthy broker can’t be young. The fact that this brokerage service has been working in the industry since 1977 gives peace of mind. I opened an account with it, traded, and made a series of successful withdrawals that proves my theory.”

Helpful Report

Posted 4 years ago

“Please beware there are many fake cryptocurrrency investment platforms out there, I got scammed twice before I met a genius hacker who helped retrieve my bitcoin. The whole plan was so smooth I could not doubt it. Bitcoin is actually a great investment option but one thing I discovered over time is that it is not possible to mine bitcoin so don’t be deceived. I invested 15BTC on a particular website called FoxBtc, I monitored the profit yielding but got locked out of the account before I could withdraw. I went online and met this recovery expert at recoverywealthnow360 on google mail who helped me retrieve my bitcoins back in few hours. He saved my life , he can save yours.”

Helpful Report

Posted 4 years ago

“I'd like to start with the fact that I recently started reading the forums and only then made sure that we are all different in the market and what different approaches we use. And that's when I started to appreciate this company more, which under any circumstances gives you the choice not to use only what you have, but always can use what you need. In what way does it manifest itself? * Trading platforms. Although MT4 and MT5 have similar features - they also have a number of excellent features, it all depends on which strategies you use in your work. * Types of spreads. This is the first company I've seen immediately variable, fixed and raw spreads (with commission). This is also convenient - you can try everything and choose something for yourself.”

Helpful Report

Posted 4 years ago

“I started my acquaintance with the broker with HYCM reviews. As a trader, I’m crazy about reliability. I even often neglect various attractive offers such as bonus promotions because they don’t give me peace of mind. However, when I learn that a broker operates on the market for a long time, it makes me think that I need to try to work with it. That’s what I thought about HYCM when I found out that it was started in 1977. Frankly speaking, I had successful experience collaborating with brokers founded in the 2010s, but nevertheless, I respect veterans of the brokerage industry. The broker offers to use MT5 and MT4. That totally suits me because even as of 2020, the vast majority of indicators are still created solely for MTs. You can find more intuitive and catchy trading solutions, but the MT functionality has become a golden standard of the industry. For my three-year experience with HYCM, I didn’t have any withdrawal issues. If you ask me, this proves the reliability of the broker better than anything else.”

Helpful Report

Posted 4 years ago

“Acutely well-publicized company. It's obvious that a lot of money has been invested in the app. But everything works really great here. I'm satisfied with the trading conditions the company offers.”

Helpful Report

Posted 4 years ago

“I really liked working with this brokerage. It really knows the approach to its clients, it's pretty cool :p I also liked the trading conditions, they are quite profitable.”

Helpful Report

Posted 4 years ago

“HYCM is a fine brokerage, IMHO. I started trading there not so long ago, but already now I can say that it offers quite adequate trading conditions. Maybe they aren't so diverse, but they are suitable for almost every trader. Firstly, I have some doubts about this brokerage but it's regulations made me trading there. Secondly, HYCM has a fairly positive reputation in the traders' community, that also builds a trust. Of course, I checked everything twice and brokerage justifies its reputation. The only difficulty I had with it was choosing the type of trading account. HYCM offers 3 of them, and on each one trading conditions are slightly different. Seriously, choosing the right account type took some my time, but finally I decided to trade with Classic one, it feels like the most suitable for my trading strategy.”

Helpful Report

Posted 4 years ago

“As many traders, I came to this broker via HYCM reviews. HYCM opperates the market for long time, so there are thousands reviews, so it's not a problem to find info about this company. I had only one requirement, well well-regulated brokerage service with several regulations. Also, I rate traditional trading terminals such as MT4 and MT5 much better than trading platforms created by brokerage. HYCM satisfies both conditions, so I'm trading there now =) If you're looking for very tight spreads, open a Raw account. In this case, you can enjoy spreads starting at 0,2 pips. However, in this case, you need to pay $4 to enter the market. It absolutely suites me, as a scalper. However, if you find it unacceptable, you can opt for any of the broker’s commission-free accounts: Fixed and Classic, with spreads, starting at 1,8 and 1,2 pips respectively. When it comes to depositing and withdrawing funds, you can use bank wire, credit cards or several e-payments systems. I advise you to choose the last one, as the fastest payment method. But to be fair, there is no significant difference, so you can choose the way you like.”

Helpful Report

Posted 4 years ago

“Every morning for 12 years I read financial news. I just want to know what's going on in politics and economics and I'm always reading not just newspaper headlines but I'm going deeper, reading the whole news and commentaries. And a couple of years ago my friend have advised me to monetize my abilities on Forex. He said that with my understanding I can make good money. You know, my friend was right! I learned the profession of a trader and now I'm trading with this company. I chose it because it has been on the market for a long time. Moreover, It never appears in news with scandals and that's multi-regulated broker. For me, that's enough to trust the company. If we talk about trading conditions, they're also good there. There are several types of accounts for different tasks and you can choose between MT4 and MT5 platforms. Assets range is also wide enough, there are even cryptocurrencies and almost all major stocks available.”

Helpful Report

Posted 4 years ago

“Normal brokerage, works without problems. I don't work with it for that long yet, so I can't write much about a broker. But it made a rather positive impression on me. This is a professional broker that has been on the market for quite some time. It knows what its clients want, and it gives them this. This is why it is so successful and has a solid reputation. This is quite convenient and allows you to get more interesting trading experience and deeper knowledge.”

Helpful Report

Posted 4 years ago

“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

HYCM is rated 4.2 based on 421 reviews