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HYCM

3.3

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HYCM Reviews Summary

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.

service
82
value
35
quality
84
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Sweden
1 review
0 helpful votes
Follow Ove H.
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I did not notice anything bad or special, the spread is adequate, slippage and requotes are minimal, the platform works 99% stably, yes, there are problems, but where are they not? Even the home Internet sometimes dulls and disappears. I forgot to mention the support, which is great here. In general, it is not difficult to make a choice in the direction of the company, I have been trading here for several years.

Date of experience: June 11, 2021
India
1 review
0 helpful votes
Follow Subal K.
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I can characterize myself as a very conservative broker. So, I stay away from young brokerage companies because I don't find them reliable enough. Moreover, I had several unpleasant experiences with young unregulated brokerage companies.
This broker is one of the oldest in the industry and it's well-regulated. It doesn't offer a lot of exclusive features but it's reliable and that's the most crucial thing for me.

Date of experience: June 1, 2021
Poland
1 review
0 helpful votes
Follow Cyprian C.
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At HYCM, I found everything I was looking for. First of all, it's a convenient mobile app. The thing I like most about it is that it alerts me to significant market events. Since I trade on the news, it's an excellent feature for me.
The only thing I can't decide is which withdrawal method to use. Can you share your experience?

Date of experience: May 27, 2021
India
1 review
0 helpful votes
Follow Ishat B.
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I have been working with a broker for 5.5 years, I am an experienced trader. On the positive side, I can note: the company offers traders to try their hand at demo accounts, without the risk of losing their own funds.
In addition, HYCM offers special conditions for VIP clients and corporate clients for trading in large volumes. Provides a personal manager, provides in-depth market analysis, more profitable spreads for fixed accounts.
The company provides a wide range of trading instruments for work: currency pairs, indices, commodities, stocks, crypto.

Date of experience: May 24, 2021
France
1 review
0 helpful votes
Follow Guillaume D.
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Although HYCM does not support several exotic instruments in the MT4 terminal (which I like the most), the overall range of assets is more than enough for profitable trading in the long run. One of the biggest advantages for many traders is the choice of account types without rising requirements for the initial deposit. Slippages are rare.
I was surprised with the level of service delivered by the support team. They answer any question with a detailed explanation, no need to read dozens of texts to understand important things.
Look at the number of countries HYCM operates in, as well as the number of media appearances!
SInce I use different trading strategies depending on the asset class, market volatility and the volume of trading, I appreciate the ability of choosing the leverage. Of course, many HYCM reviews say that regulatory requirements of different branches matter, but what if I trade on behalf of an international pool of investors? Why should I insist on putting all of them into one jurisdiction? I'd better take advantage of different trading conditions provided by one broker.

Date of experience: May 16, 2021
India
1 review
0 helpful votes
Follow Aditya D.
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HYCM has great conditions on the deposit. And there are many types of accounts here. They're all available for as little as $100. That's why you can choose the best conditions that suit your strategy.
So, for instance, if a trader trades at night or in times of low liquidity, then an account with fixed spreads is suitable. If he trades large volumes, then an account with minimal floating spreads and commission will be suitable. And if it's something in between, then the account with floating spreads without commissions is suitable. So you just need to choose what you like.

Date of experience: May 13, 2021
Singapore
1 review
0 helpful votes
Follow Ewell B.
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I don't need to worry about losing money because of malicious actions on the part of the broker because I trust it. Before joining it, I made substantial research and found out that it's one of the oldest brokerage services in the world. Trading with the broker proved that my choice was right.

Date of experience: May 8, 2021
Germany
1 review
0 helpful votes
Follow Claus B.
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When I chose this broker, I first traded with a demo. But now it's time to trade real and make a deposit. But I couldn't choose which account type would suit me. HYCM has a convenient form of 5 questions, answering which you can understand which type of trading account is best suited.
It helped me choose the Classic)

Date of experience: May 3, 2021
Thailand
1 review
0 helpful votes
Follow Amin G.
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I have always wanted to work on the stock exchange and make good money.
And I'm really lucky that I ended up in HYCM right away, because not everyone is really so lucky. And I certainly escaped the frustrations of terrible service or something.
But there is one thing that especially impresses me here - of course, webinars. Yes, they don't happen very often, but they are always so interesting. I really like it. I always learn something new!

Date of experience: April 26, 2021
Indonesia
1 review
0 helpful votes
Follow Estiono K.
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Now trading with HYCM
April 19, 2021

I recently changed my broker and am now trading with HYCM. Honestly admit that I am satisfied! There is a large selection of assets for trading. But I especially like the MetaTrader 5 trading platform! Not all brokers have it, but here it is and it works perfectly!
I also liked in the beginning that the convenient form of 5 questions, by answering which you can understand which type of trading account is best suited.)) I was approached by Classic (there are low spreads)

Date of experience: April 19, 2021
Italy
1 review
0 helpful votes
Follow Baldassarre F.
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I chose HYCM because this broker has enough experience in this field. I rarely work with brokers founded in the 2000s because I don't find them reliable enough. HYCM has been working in the industry since 1977, and this fact makes me trust it.
I got interested in trading absolutely by accident, just because I heard about this business from my friends, and I was sure for a while that it was a specific entertainment for me. I wouldn't be doing it for a very long time. Today, I thought that I have been trading for four years, which is already a solid experience. Although the first year I did it rarely, I already did it as my main income source. And I even gave up my main job because it stopped making me happy.
Here I work with mt5 with raw spreads, and I like the fact that I can do detailed technical analysis and asset analysis on a dozen different timeframes. This gives me a particular advantage in the market.

Date of experience: April 14, 2021
Italy
1 review
0 helpful votes
Follow Siro B.
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I never really took it seriously.
I always thought it was just commissions and that's it - who cares if it's fixed or whatever.
But now that I have tried different formats, I know for sure that it really makes sense and it can really make a big difference in the bottom line and you should definitely try it to draw conclusions and choose for you what will provide your comfort in the market and lead to more stable results.
So if you haven't tried fixed spreads or raw spreads here for example - by all means try it - because it can take your performance to a whole new level - that's for sure.

Date of experience: April 11, 2021
Germany
1 review
0 helpful votes
Follow Steffen F.
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The main advantage of trading with this broker is that it's very reliable. It's hard to expect different from a company with more than 40 years of working in the industry. And my trading with this broker proved it. I like both the execution and the attitude to customers.

Date of experience: April 7, 2021
Italy
1 review
0 helpful votes
Follow Alan G.
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Raw spreads
April 1, 2021

I've already tried it and I can say that I'm absolutely delighted.
It's a profitable approach for intraday trading and the commission is only $4. So I definitely recommend giving it a try.

Date of experience: April 1, 2021
Ethiopia
1 review
1 helpful vote
Follow Torey W.
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That's so good that I trade with this respected brokerage service. I opened a Fixed account here and I like how my orders are handled by the company. You know that it's very convenient to trade without freezes and constant requotes. Fixed spreads on this account are another good thing. They enable me to trade without restrictions typical to floating spreads. I mean their tendency to widen thus responding to increased volatility.

Date of experience: March 28, 2021
Viet Nam
1 review
0 helpful votes
Follow Tho A.
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First of all, I want to say that I do not consider myself a professional trader. I have a family business - a restaurant outside the city. I have no financial problems or desire to make money, but I am interested in trading on the market. I enjoy trying different trading strategies and systems. For me, this is a hobby and a good activity for the brain, ahah))
I found out about HYCM a few years ago when there was a huge spike in Bitcoin prices. Then I was wondering what it is and why it is growing. After that, I bought one bitcoin and watched its growth. Of course, I missed the very peak, as I was busy with my own business. Therefore, I did not make as much money as possible, but 300% was a good profit. I bought bitcoin for eight thousand dollars and sold it for twenty-four thousand.
By the way, Bitcoin's further growth is now predicted, but I don't buy it. I'm just interested in watching the crypto growth trend :) With regards to HYCM.
I talked with different traders, both beginners and professionals. Everyone spoke positively about the broker, as HYCM has earned a good reputation over the years.
Of course, the broker only has two trading platforms - MT4/MT5. But, this does not prevent users from staying and trading with this broker further.
There are good conditions for making money here - low spreads and minimal transaction fees. Also, there is no slippage.
I believe that HYCM is a noteworthy broker and will only gain popularity soon. I wish everyone successful trades!)

Date of experience: March 23, 2021
Egypt
1 review
0 helpful votes
Follow Koby D.
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I didn't regret that I opened a trading account with this brokerage service. I had been somehow overlooking this company for a long time, despite its 40-year experience in the industry. Nevertheless, I joined it and I saw with my own eyes that I can rely on it.
The execution is very good. I didn't notice any attempts to manipulate prices on the part of the brokerage service. Perhaps, you heard many such stories. Here I didn't have a negative experience, although it would be strange to face anything like that with such a reputable broker.
I trade on a Raw account here because it offers very tight spreads. I don't know why it's called the Raw account, but it's an ECN account indeed. They also charge a fee for their tight spreads that points to the ECN account.
The broker doesn't bother me with bonus promotions because it doesn't give any. I never rely on bonuses because I don't want to face typical restrictions associated with bonuses.

Date of experience: March 19, 2021
India
1 review
0 helpful votes
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Reliable broker
March 4, 2021

Oh, I spent two months choosing the right broker. It was really difficult! I am very fortunate to have stumbled upon HYCM. I was looking for a broker with the minimum commission and positive reviews.
Also, it was important for me to have the broker's MT4 platform since I only work with it. So, I have been working with a broker for over a year. Reliable and honest. I can confidently recommend it to my friends.

Date of experience: March 3, 2021
India
1 review
0 helpful votes
Follow Rawrial R.
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I just followed one review about this broker I found online. The very fact that the company works in the industry for more than 40 years greatly impressed me.
So, I signed up and tried to trade with fixed spreads. The quality of execution exceeded my expectations.

Date of experience: March 1, 2021
India
1 review
0 helpful votes
Follow Wahid S.
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Today, it's getting more difficult to choose a reliable broker. It's because a great number of brokers have emerged for the last time. Many of them seem typical. It's probably because fierce competition makes them do the same things. So, it's no wonder they provide the same stuff. Nearly every broker today offers ecn, fixed accounts, bonuses, etc. Many brokers lower their minimum deposits to attract more customers.
However, amid this thriving abundance of trading services, we often forget about reliability.
The matter is that reliable brokers don't attract much attention. They don't offer bonuses and their minimum deposits have reasonable sizes. Newbies don't think that those brokers who offer too many bonuses may have problems with regulation and therefore with liquidity. In turn, liquidity issues result in problematic execution.
My experience gave me this knowledge, so I try to choose only trustworthy brokers.
I discovered this broker via hycm reviews. The very fact that it has a very large experience of working in the industry encouraged me to sign up.
I like to trade with the broker. I appreciate its execution and its attitude to me. That gives me confidence in the broker.

Date of experience: February 27, 2021