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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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Once their representative cons you into trusting him it's downhill from there. You'll lose everything. Lies, deception, mismanagement of accounts, irresponsible risk management strategies... all this and more await you here. Stay away from them, act now.
Withdrawals of the broker is the first feature that I pay attention to. Hycm withdrawals are not only swift to execute, but also free of charge. I got used to the fact that you have to pay either for faster processing or for convenience. Not with hycm, I guess.
Being an experienced semi-professional trader, changing my broker to a new one was a tough sledding for me. I was having problems with platform glitches, delays in withdrawal requests and reluctant customer services to help you out. I was in the process of choosing a new broker that I can count on with the problems I have experienced.
When I ran into HYCM reviews, I went through them all, got a solid, overall foundation on what I can expect from HYCM in my trading journey. It is already a while now since I started trading on HYCM. And my impression so far is that it is a blessing to have an unproblematic broker without withdrawal/deposit/technical/connectivity issues. They also do brief and insightful blogs, which is nice to look at every now and then.
I guess HYCM could have more articles for experienced traders. But anyway educational resources are enough to learn almost evrything about trading peculiarities.
This broker is perfect for professional traders. Of course, beginners can easily start trading as well. But experienced traders will find a lot of useful things using broker's services.
It feels like HYCM has an exceptional brokerage record and that's the only thing that is exceptional. Trading conditions are market average. Basically it's a broker for traders that appreciate the long history of the company more than pricing or orders execution.
I tryed many brokers on my trading career, many disapointed, but this guys are realy great. They have everything i want to trade, and i get no problems when i trade.
Reliable and solid broker. HYCM is committed to all terms and conditions. This is exactly what I expected from my broker and what I got from HYCM.
I've been trading with HYCM for about two years and that is a great experience. I started my way as a trader with some dubious brokers. Some of them were fine, but there was always something wrong like lack of regulation or poor amount of tradable products.
That is why I appreciate HYCM has it all covered. It is a legit broker with an authoritative regulation, wide range of tradable products and my favourite Metatrader trading platform.
Although the spreads for the fixed spread accounts aren't the best, I think there are only a few trading platforms designed as well as the hycm platform. The platform has everything in one place and, at the same time, is not clustered. Available on the dashboard, I have access to the webinars and workshops, which are frequently updated, tools for analysis, calculator, news, and calendars. The design is so effective and functional that nothing is difficult to find.
Three calculators and each o them is helpful. You can calculate pips, convert currency and calculate margin.
Guess that there are no traders who would ignore these things. They are useful anyway, especially nowadays.
The broker has decades of experience to brag about. This was the deciding factor in my picking of a broker. I know I can always trust the experience.
I can tell you about my experience. I like way broker organized work. I can immediately feel that I opened account with reputable company. Everything great!
Hycm shares trading is what I wanted to try for quite a while. Wide array of stocks that can be traded in CFDs, I feel like I'll get something out of it.
This broker is well regulated and this is the feature which matters a lot for me. I never traded with unregulated brokers and I detest trading with such ones.
In my opinion, regulations means a lot, especially for funds and data safety. Some brokers understand it and do everything in order to make traders to trust them. For example, this one is a great example of such a broker.
Moreover, there are tons of modern tools for strategy creation and analysis running. I suppose, there is nothing more significant for traders. However, maybe I faced not so many traders, who knows...
The level of service here is pretty high. All the questions which you have might be solved by customer support team. I suppose, customer support reflects the attitude of the broker.
HYCM is my first broker and I really appreciate it has so much information in educational sector. Very helpful and all in one place!
Despite fact that several times I had requotes on strong movements, I think order execution quality is excellent. As far as I know, occurrence of requotes during strong movements is a normal thing for all brokers. So, all in all, I am delighted with services!
I haven't found any bugs during my trading on platform.
In my opinion everything works perfectly!
Really solid and reliable broker that keeps its promises!
When I began trading with HYCM I didn't know that it is quite famous in the trading industry. And the decision itself was pretty spontaneous. I didn't do as detailed research as I usually do. It turned out well for me.
Now I have successfully traded at HYCM for two years already. So it's true when they say that spontaneous decisions sometimes are the best ones you can take.
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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