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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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I suppose HYCM is one of the most experienced company providing an opportunity to make money on the forex market.
When I found out about how many years this company has been operating, I realized that I should make a try.
Moreover, brokes is multi-regulated and you don't need to think scam can happen.
I want to write about MT 4 and MT 5 trading platforms that HYCM offers. Yes, the broker is great, but honestly, I don't understand why the broker offers the fourth version.
MT5 is superior to MT4 in every way. It has enough features that MT4 doesn't have. For example, custom symbols and tick history. MT5 has become very unpopular among traders because initially it didn't have locks. But recently they have appeared in the terminal. So there is no reason to stay on MT4. In my opinion, a switch to MT5 is inevitable. There are almost no new functions added to MT 4, and MT 5 is actively developing. Its developers pleasantly surprise time after time.
Trading is a very interesting but ouch, it hurts sometimes.
Any trader will agree with me. HYCM broker is no exception.
Of course, there are good conditions and opportunities, but every trader can make a wrong step.
Therefore, I insist on careful demo trading and a good study of the capabilities of the MT4 and MT5 trading platforms.
Do you know how to choose the right broker? Certainly, you need to pay attention to those who have been on the market for many years and at the same time keep a good reputation and offer excellent trading conditions for traders. When speaking of such kind of brokers only one comes to my mind at once, it is HYCM broker. A huge number of traders trust it. For example, the fact that more than 25.000 orders are executed here daily and at such load of the servers the broker has very fast and qualitative execution.
What immediately catches your eye when you go to this broker's website is that it has been offering the service since 1977. It's been under the UK regulators for 20 years! It turns out that the broker has been on the market for a very long time and has a lot of experience in financial activity.
I have been registered with the broker for two years now, but only last week I discovered the educational section on the broker's website. It was created specifically to help beginners to understand the trading platform and I want to say that the quality of the material they have created is excellent.
I saw that the HYCM broker has a good set of assets to trade and therefore made such a choice. For example, I love that HYCM provides cryptocurrency and ETF trading. It is very popular now.
In addition, cryptocurrencies are the tool that will help increase the deposit, and the ETF will help keep it.
The HYCM broker has a simple and concise website with nothing unnecessary: trading platforms, tools for trading, training, everything is very clear and understandable. Trading conditions that are respected, there is an excellent regulation from several regulators and protection of the account from a negative balance.
I was looking for a regulated broker with fixed spreads and fortunately I found it. That was HYCM. Except for fixed spreads I can't tell anything special about the broker. Since it's regulated it ensures a trouble-free trading process and pays out earnings once I request them. That's all and that's how it should be.
I just followed the recommendation of my friend and joined this brokerage company. He recommended it as a reliable partner. In addition to manual trading with this company, my friend also promotes it for money. If I'm not mistaken, it's called HY Affiliate. I'm not interested in affiliate marketing but I needed a regulated broker with an ECN account. That's an example of it.
I opened a Raw account here. Its name shouldn't confuse you. It's an ECN account indeed. So, it offers tight spreads and I need to pay commission for this.
I have been already trading on it for a bit more than two months. I have a positive impression of trading here. Execution is good, but I didn't expect something different from a regulated broker.
What I can say about this broker is that it was on the market before I was born. It's a broker with a very long history. You can safely trust it, because it is very careful about the reputation. I have never heard any bad reviews about it and it seems that this broker is not involved in any serious scandals.
I like to trade indices for example, the maximum leverage here is up to 1:200. I have always been attracted to stocks, and indices, as you know, are composed of shares of different companies. I choose an interesting industry, read news and open positions. I manage to earn good money.
I'm fond of crypto trading. I trade these assets with several brokers. Recently my friend advised me to try crypto trading with fixed spreads. To be exact, it's closely connected with one strategy but I'm not going to disclose it here.
So, this broker offers fixed spreads and I'm happy that my expectations as for this strategy met my expectations. However, the strategy requires some improvements but the main functionality is OK.
This company is one of the best I use, it has high profits and they withdraw money very easily and so far I have not had any problems. If you have any questions, you can always find out with technical support.
Cooperating with them immediately benefited me, I noticed it right away after a couple of weeks of trading. The pluses are much more than the minuses, the money is earned quite quickly as the trading is top notch here. I withdraw money with Webmoney, it is fast and convenient.
At first I also thought that it was impossible to make big money trading Forex. Everything changed after I registered with HYCM broker. Maybe, the conditions here are so suitable, I do not know. Nevertheless, after one year of work I earned big money.
Only this big money comes with blood and sweat. If you want to become a professional trader, then get ready to walk the road of your own trial and error for more than a year. No one can teach you to trade successfully, not for any money. Yes, you can earn very well, but very few people do. Most people take the bait for the opportunity of easy money and only a few really smart people have a good profit here. My tactic requires a fixed spread account, and HYCM broker provides that opportunity. The main thing is don't be afraid, sign up and try trading.
I chose this brokerage company for cryptocurrency trading. Of course, it's not the only broker in the world that offers cryptos. It's possible to find brokers with a richer choice of digital coins, but I chose exactly this company because it's regulated and one of the oldest brokers in the world. Experience matters for me.
I love the way this broker treats its traders. There is a vast variety of trading instruments in order to let all traders to feel free in choice. Moreover, I would note the system of types of trading accounts. It adds a bit of competitiveness and make trading activity more fascinating to my mind. So, in addition, if you can't determine which type of the most suitable, you can use a special form for it.
I have been trading with this broker for 1 year. At first I thought it would be difficult and I would lose money. I will say this: you can lose everything if you do not have a trading strategy, but HYCM has a demo account and unlimited time for training. So I think every new trader will have time to understand how to trade. HYCM has a large selection of trading assets and MT4 and MT5 trading platforms. This is what good analysis tools have. So you have everything for a trading strategy.
I have been trading with HYCM for a very short time. In the beginning there were only losses. And I decided to use the educational materials on the broker's website. It went up immediately. At that time I started to study the Forex market and to gain experience by myself. Now I am working here and making profit. The main thing is to monitor all the forex news in time. There are a lot of sites to do this.
I was pretty amazed by the order execution here actually. Order execution takes up to 12 ms, which can't delight every trader who is fond fast and effective trading activity. Moreover, this one also provides you with broad variety of trading instruments and this fact also should b noticed by trading community.
I think that almost everyone who is somehow connected with the world of Forex trading, has heard about HYCM broker. Because in addition to its long and stable services it is mentioned a lot in the media.
I recently started trading with this broker. There were times when I ran into problems in trading and started looking for a new company. That is why I opened a HYCM account.
I knew that this broker has extensive experience in trading and other financial services, so it seemed to me that no problems should arise.
I started testing the HYCM demo account. I have not used the MT5 trading platform before, so it was a pleasant surprise for me. I mean the functionality and opportunities for trading and analysis.
I want to say that many people do not appreciate what they have, but I am not like that. I think I will continue to trade with this broker.
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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