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HYCM has a rating of 3.3 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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Amazing client-oriented service from HYCM broker. Trading is smooth like butter. Payment execution is decent and free of charge. What more can you ask?
What can I say bout' this broker... nothing surprising and nothing new. It seemed to me just an ordinary broker which offers cool conditions for trading activity. In my trading career I met dozens of brokers which satisfied my needs cuz' I ain't need something special. However, I assume this broker satisfies the needs of lots of traders better than other.
I paid attention to this broker because it seems to me that brokers are characterized by the attitude to traders. They express their attitude via various convenient tools and good customer support.
Customer support team was the very first thing which I noticed here because I asked them about deposit/withdrawal methods and they have explained me everything quite fast...
Nevertheless, I can; t understand why does this broker propose fixed account... there is a little amount of traders who prefer fixed spreads in my opinion... spreads are quite wide on this account.
I choose HYCM broker first of all because of the open regulation and registration. You should be sure that you funds are in a safe place. Moreover, HYCM has customers money protection system. My trading experience is about 3 years and here are some cons and pros that I found while trade here:
1.100$ min depo - good for new traders
2. Mt4/5 classic trading platforms
3. Flexible leverages
4. Professional educational materials, live webinars and seminars
5. Small range of instruments
6. Three account types with different spreads
7. EA available
So, no doubt HYCM is a competitive broker. Another key feature as for me is international recognition. The company has more than 20 global awards! Also, the broker is suitable for Muslim customers. They can do investing with Islamic account type.
There are many deposits and withdrawals methods with democratic conditions including bitcoin.
I hope this review will be helpful for all traders and save people from scams.
Broker provides customers with nice trading instruments selection and several accounts to choose from. This allows me to select trading conditions that suit me best.
I chose HYCM because I like to select trading conditions and trading tools.
I will start with fact that broker gives two respected by traders platforms to choose from. Of course, it's MetaTrade4 and MetaTrader5 platforms.
It's important that broker gives description of each platform's advantages.
You can safely download platform from official HYCM website.
Broker gives customers choice of three trading conditions. In other words, three trading accounts to choose from. Accounts are called "FIXED", "CLASSIC" and "RAW". Each of them has unique trading conditions.
I want to name another account type. This is demo account. It's available when you open any of main accounts.
HYCM broker attracted me by the variety of types of account and trading platforms. I had a broker which didn't propose me something like this. One platform, one account - awful. Here traders can choose between three main accounts, however there is no opportunity to trade with expert advisors on fixed account. It's pretty sad, but don't think that it's a real problem. The broker is comparatively strong with its own peculiarities.
HYCM is a broker for those who want to join the magnificent world of investments or for the people who need a stable broker. No matter what you are looking for broker provides three account types with variable trading conditions - fixed, classic and row. So they come with spreads as 1.5,1.2,0.1 pips. Raw account has 4$ commission per round and the other two for 0$ — a minimum deposit 100$ and 200$ for raw account. Nice conditions!
What I like the most in a broker:
- regulation and registration
- metatrader 4/5
- mobile app usability
- range of markets
So, I encourage you to get acquainted with HYCM.
I have been trading for many years, and I want to thank HYCM for working with MT4 platform! For me, it's essential to use tools I'm used to. I'm kind of person who doesn't like change in life. That's why I like stability of HYCM.
You are the money maker if you know how to trade with profits! Trading with hycm gives me much of confidence to trade with discipline and correct management. Their market analyze helping me so many times, because sometime u dont have much time for preparation to trading session. My fav tools are usd/jpy + metatrader 5 + bearish/bullish indicator + expert advisor.
Trade by your own head
For many years I have been trading with HYCM. I wanted to write good review for a long time. Finally, I got the time to do it.
To become professional trader, you need experience. It's hard to argue with this.
In my opinion, every trader has choice. To study on your own mistakes and lose money or learn from professionals.
The HYCM trading educators created knowledge base which is useful not only for beginners. Market sharks like me can also find a lot of helpful information there.
If you forgot how to install indicator on your platform, or this is your first time installing MT4 on your computer, then go to Tutorials.
Basics of money management and psychology of trading will become clear after visiting Trading Tools section.
If you are absolutely new to trading, I advise you to try course for beginners. I am sure that you will feel confident in the market after you finish it.
For those who like to read books, there is library with electronic books about trading.
What I mean by that. Trading is not easy, and broker understands that. That's why it offers its clients support in form of educational services section.
Withdrawal are free and fast, but I for more than $300 from the account for banking cards. The threshold is lower for another payment systems - $20. Not so convinient for me, as I used to withdraw by cards.
Time goes so fast, so you see how many brokers companies left behind. Hopefully, hycm will stay with me much longer than 5 years. For that time i realized that nothing can help me make money more than a stable broker, metatrader, basic markets and instruments, but more important - my trading skills.
I hate studying! Writing notes, studying texts. It's not for me! I fall asleep when lesson starts...
When I decided to start learning forex trading I thought it would be a pain. But. When I finished my first webinar with HYCM expert, I realized that it was not boring at all! Moreover, this knowledge brings money. I don't trade on real account yet. But I already have a demo account on MT5 platform. I feel like real trader.
They also have seminars. I don't know what they are yet. Haven't tested it yet. But. I'm satisfied with webinars. This is for me!
I glad to have this broker for me. Very amazing trading comdition. A lot forex pairs, crypto and stock. Minimum deposit $100 is good for me beginning trader.
The important thing for me is that HYCM really has no conflict of interest. Guys, this is checked quite simply. After several weeks of trading with opening trades of different types (for a few seconds, pending on Friday at market close, etc.) - check will the broker cancel deals. With previous broker, I often had such trades canceled, especially if they were opened on Friday The profit was canceled with an explanation that the deal did not fit the terms. In HYCM since 2020 I have no such problems. And I received all the profit. Only a honorable broker can provide such conditions.
I think I did the right thing when I opened an account here with raw spreads. I know many HYCM traders use it because the spreads are truly suitable!
Oldest actor on forex scene with many awards for different services. You can start with 100$ and use maximum leverage up to x500. Follow your risk strategy.
Company regulated by fca. Companie's feature is multi-assets trading with trade instruments such forex, stocks, indices, cryptocurrencies, commodities and etc.
The platform does not lag, it is convenient to work. The number of tools is quite enough to find a suitable strategy. The technical support is excellent, alwas promptly responded to queries. I like everything, I think I will stay here for the time being.
I trade with classic metatrader 4 and brother by metatrader 5 trading platforms.
Also we share with each other by our trades while on a go. We trade through phones also. There is nothing bad in it if you know how to use it. Its just an another tool.
Check their workshops - you will find a lot if useful info.
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.

