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HYCM has a rating of 3.4 stars from 195 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with HYCM most frequently mention trading conditions, raw account and long time. HYCM ranks 3rd among Brokerage sites.
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Everything excepts the spreads are of a top tier quality right here it is.
Spreads is also good, but not so good as everything else is.
The main feature of Hycm is that it's a highly reliable forex broker which is valuable especially in the forex market.
However the trading conditions offered are average. There are multiple markets but the overall number of assets are not very big.
I would say that it's all nothing, except the commission on the Raw account. Hardly any scalper can appreciate such commission, even considered the spreads are great.
If you hear about the broker for the first time, I highly recommend it. I think it's one of the most experience brokers in the industry.
Kit of proposed accounts is impressive.
Wanna be a true scalper, welcome to classic or raw account... are you passionate about long-term investments? Pick the fixed account and enjoy the journey.
I like all the account types, I think they all suit different trading styles and nominal values of your trades and how often you trade, but I found the Raw account is suitable for my needs the most. Enjoying the conditions.
Well, guys, here's my genuine review about HYCM services.
I'll be brief.
Assets:
- solid list of assets
- leverage is dynamic
Spreads:
- fixed and floating
- tight
Regulations:
- they are present
Customer support:
- reliable and quick
So, I haven't enlighten everything I'd wish to, nevertheless, these characteristics should tell you a lot about this brokerage company.
I think this is a good service. There have been very few inadequacies.I expected the broker to have a trading platform of its own but it was kinda disappointing. The MTs are up to the task.
I can't imagined my trade life without HYCM at these moment. Cause I trade in my RAW accounts on the days to days basis.
This broker belongs to the elite group. It's regulated and works in the industry more than many other well-known brokerage companies. It offers flexible trading conditions. On the other hand, it's all pointless if you can't trade. To benefit from this you need some experience, some skills.
No need to substitute this broker with another one actually.
This one provides many interesting things for traders of all levels. Just imagine, you can choose various account types and they ain't require high deposits. It's kinda attractive, innit?
It created a separated "school" with seminars and webinars for rookies. Amazing! =)
The broker is normal. It could have been better for me, but the branch I joined offers small leverage for currencies. It's not the broker's fault but local strict regulation. On the other hand it doesn't prevent me from trading profitably. I just don't trade currencies here but shifted to cryptos.
These guys have ace cards in their pockets to positively shock you. I know this how? Cuz I was also quite a bit shocked when I became a client and found out about them on my own.
- Being a multi-regulated broker is by all means no mean feat. You do not see every other broker doing the same thing because they simply cannot.
- Even their average execution time, as in, not their best, is way faster than the majority of the brokers you can count in the same industry. HYCM is miles ahead of them.
- They are constantly investing in their business and creating new features to be even better for their clients. Their own application is one good example for that.
I can keep listing more advantages and positive facts about them, but those would suffice for now.
As a new trader, there are many things you get to absorb from your first broker such as the trading platform, the education offered, the trading conditions, and a lot more. I have been trading with hycm for a long time now and I am glad that this broker is responsible for shaping my trading style.
Hycm accounts are pretty diverse. It means they would be welcomed by any trader.
Even some scalpers can find themselves comfortable here with the tightest spreads on Raw account.
On top of that these accounts don't require big spendings. Just 100-200 bucks and you're in. Good stuff!
I just write my review to express gratitude to this company. It knows how to run business and please traders. Ofc, there are some flaws, but they are minor.
The minimum deposit/trading condition value is crazy. It's rare to see such a reputable company with such affordable accounts.
I definitely sense of professionalism here in provision of high quality services.
Once you get
- The feeling you are valued and listened to
- Your questions replied very quickly
- What you want in terms of trading conditions
You understand that you are in the right place for this type of a thing.So you just become a regular to enjoy the high quality service you are offered. That's what I have exactly done, and haven't regretted it even for a minute. I am happy that I made that right choose in the right time for the right trading platform.
For me, there's nothing more important than reliability. That's what I demand from any broker and this one meets this requirement.
HYCM has been here for years. No wonder company has so many benefits like online educational resources. People with different background can use it everyday and it helps them to improve.
This is great brokerage compani. I very like the raw account becos of the small spread but there is commision that is cheap.
Answer: It absolutely depends on you trading type, there is no bad or good types. Actually there is raw, fixed and classic. So and there is a lot of difference I would reccomend you to take a look at yourself becuase there is spread difference as well as difference in trading platforms and assets you gonna trade. And most important type, as I said, It is your trading style. If you are high frequency trader you gonna need different if you are low frequency you gonna choose different ones! So I wish you good luck with that hard decision!
Answer: Of coruse you can. These guys are legit in providing education and new perspectives for trading. Their articles go all around the trading communities and related webseites.
Answer: Hycm lab is a blog, I think so. It has a strange name to it but you can find a lot of useful information in there.
Answer: They are constantly developing, hiring new people, implementing new ideas and trying to have better and better products. They are constantly making new promotions and stuff like that. Trading brokerage is the place where it is very hard to find new ways to change the trading. But they are trying and I guess they will succeed.
Answer: Demo account. Please start with it. Only after you feel confident in trading on this account you can choose the type of real account that suits you best. The fact is that traders often choose the type of account based on the trading strategy that they use. That's why I would advise you to begin by creating such a strategy on a demo account.
Answer: Of course, why not? The number of trading platforms you trade on does not effect your process of skill development. The number of trades you make over time does. And one proper platform such as this one can and will be enough for that.
Answer: Yes, they provide a lot of useful information. I heard that one of the leading analysts of this broker has a kind of a blog. In this blog he shares some analytics. Unfortunately I forgot his name. But I believe that you will be able to find this blog by googling it.
Answer: Uhm... It can be done easily, you should find client portal and pick statements section. Determine the date range and enjoy your account statement.
Answer: Hi Luuk, Yes, we do offer an affiliate program, you can sign up as an affiliate here - https://hyaffiliates.com/ or you can email us at [email protected] for any queries you might have. Regards Harry Christodoulou Head of Affiliates
Answer: Yes, it is totally allowed. You can set up your expert advisors and can use MT4 for to deploy them to your automated trading structure easily. There's complete support for that.
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