HYCM customer reviews

Pros: Low fees, unlimited demo account for beginners

Cons: No 24/7 customer support

I'd say that there are more pros than cons, but the fact that customer support there doesn't work 24/7 is a drawback because many brokers provide that. But I have to mention that unlimited demo account is a great feature, so if you're just a beginner, and you want to give trading a try, choosing this broker can be an amazing option. Moreover, fees there are pretty low, and it's hard to find a broker like that.

Although I also think that this broker is suitable for experienced traders. But beginners will also be quite comfortable here. Often balanced trading conditions are what novice traders need.

Pros: a) rich brokerage history b) MT trading platforms c) EAs trading is possible

Cons: -

First of all I mentioned brokerage history because it’s one of the most important aspects of the broker, in my opinion. Probably of the same importance as regulation. At least they both indicate that the broker is trustworthy. How is that? Well it’s easy to explain. If the broker like HYCM for example, has decades of experience under its belt, then it automatically means that it has the necessary durability. And durability is crucial for financial entities. It basically means that the company won’t crumble under the first signs of economic turbulence.

Pros: opportunity to trade with EAs

Cons: -

Overall this broker brought me even more positive emotions than I expected. I managed to set up my personal trading strategy and then to trade some assets and gain some profits. Of course I am not planning to stop, as trading doesn't like those who stop on a halfway. We will continue..

Pros: Low spreads and useful services High-quality technical support Terminals work without delays Favorable trading conditions

Cons: Delays in the withdrawal of earnings

Most companies that have been working for 10 years or more value their reputation very much. In addition, the broker offers very interesting investment opportunities, in fact, even the most novice can invest and you can start with just $ 100, they have enough advantages, starting with trading conditions and ending with a convenient and fairly fast withdrawal. Personally, my longest withdrawal took 7 days and it was only once. They have been on the market for a very long time, and this speaks volumes.

Pros: There is a good kit of trading accounts

Cons: I actually haven't noticed big cons here

Overall, I want to share some thoughts on this company. I do know many traders pay a thorough attention to reviews as they want to dig as much information out before getting down to real business. It's okay. HYCM company is a diverse one. Besides various services for trading and investing, it also promotes its partnership programs as far as I know. Concerning trading conditions, then there is a solid number of trading accounts that really vary. Plus, the ability to trade with robots can help skilled and unskilled clients to find out more about algo trading.

Pros: -

Cons: -

This broker is good for conservative traders who know the difference between types of spreads and know how to benefit from this. It’s not apparent to newbies, but professionals who work with a wide range of assets are aware of it. Besides this, the broker offers an affiliate program that may seem more attractive than what you may see with other brokers.

They are totally free for everyone. And not just the webinars, the workshops are quite loaded with information and they are free of charge as well. Furthermore, if you have forgotten to sign up and missed out on one, you can always catch up with them also free on their YouTube channel.

Pros: Different types of accounts, webinars, platform

Cons: NO

Truly a fantastic place to trade. I am very satisfied here and I am certain that many people are also. This is because the broker simply knows what all types of brokers need and then provides it. Take a look at the accounts, for example, they just suit everyone.

Pros: tremendous background, massive educational resources

Cons: official website could be a little bit more intuitive imho

I knew about HYCM even before I started my trading career. It has so significant position in trading community that can not be denied. Now I started to trade with it and everything looks good. By the way are webinars free for broker's clients?

Pros: There is training (including correspondence) with a lot of material that is easy for beginners to understand Convenient cash withdrawal system

Cons: Requotes with quotes There is no schedule of trading sessions

I like natural support from this company, when you can get to the largest specialist with your technical question. they do not ignore and do not try to dissuade themselves with general phrases. That's what I like the most. And for the rest, everything else is at a good level, I don't know what to highlight.

Pros: Quality and reliability

Cons: -

In addition to quality and reliability, this broker has a lot of advantages. The trading conditions, the set of financial instruments, and everything else.

Indeed. I use their educational opportunities all the time. Mostly because I am not as sophisticated as I want to be. Nevertheless as far as I understand Hycm webinars are not solely for newbies. The broker's experts try to cover different topics so that everybody could participate.

Pros: A large selection of trading instruments You can start trading with $1

Cons: The withdrawal process is sometimes delayed Deposit bonus

There are no questions about the execution, but sometimes they delay the conclusion. I don't like the fact that there are not always deposit bonuses. The situation is leveled by the fact that scalping is allowed here, and spreads are quite normal. I chose the company because there are always a lot of contests and promotions that allow you to feel the competitive spirit and dilute the gray everyday life. If compared with other brokers, they do not pay as much attention to this aspect as I would like.

Pros: Supports trading on MT, and also offers helpful webinars.

Cons: None for me

Great broker. I most especially like the extensive account options offered by the broker. I personally think they are enough to suit every type of trader.

Pros: Affiliate program and profitable bonuses Promotions and contests Fast execution of orders A large selection of terminals and trading accounts

Cons: No

If you are at the zero level, like me, than this broker is quite suitable. I have been signed up here for almost a month now and have opened a virtual trading account. At the very beginning I downloaded and read their e-tutorial, I advise to deal with the analytical portal. Login from the office. There are a lot of tutorials and strategies, normal and intuitive interface. There is also an opportunity to take a $100 no deposit bonus. But I don't want to miss this opportunity yet. I need to learn and work out a strategy, trading is closer to levels. It will be a pity to lose it. I wish all beginners good luck and patience!

As far as I know, such an account is opened in a special way. I read somewhere that you need to write to the customer service department to open a joint account. They will help you open such an account and tell you all the details.

Pros: regulation, trading platforms, wide range of assets

Cons: haven't spot one

HYCM offers a bunch of high quality services to their clients. Starting with an impressive list of tradable products and ending up with a good regulation of the most authoritative financial institutions. Besides that company offers a wide range of educational resources like online webinars and classes with a people from the industry, self-educational sector on the official website where everyone can learn something new and offline events where people can communicate and exchange their experience. Broker has a nice conditions you could read about in numerous HYCM reviews. There are three types of accounts with different parameters so to everyone could find one that suits the most. Trading platforms are good old Metatrader trading platforms which are industry standard. It is handy and many traders use them in everyday trading routine.

Pros: narrow spreads with low commissions, expert advisors

Cons: decreased amount of stocks for mt4

Hycm Raw account is the one that everyone should consider. as for only 200 bucks you get the tightest spreads and the ability to scalp or apply trading bots. But I dare you to choose MT5 platform, as it has all the instruments, compared to MT4.

Mobile application? Sure, brokers, especially this one, thoroughly watches for mobile apps development and as you may noticed they advertise it. They are interested in engaging traders to try mobile application, because it has almost the same interface and actually it has minor differences with the desktop version. MetaTrader is a renowned platform and it also has created a good mobile application that has no delays and works stable. I know there are some difficulties with the 5th generation of this software, while the 4th is a beloved one in trading circles.

Pros: It’s a regulated broker that offers flexible trading conditions

Cons: Small leverage with some branches of the broker

This broker can satisfy professional traders, but novice traders may find here some unacceptable things. This broker is licensed. No one denies that regulation is good cuz it protects traders from fraud. Unfortunately, too strict regulation worsens trading conditions. Two branches of the broker, namely, HYCM LTD (St. Vincent) and HYCM Capital Markets (UK) Ltd (FCA) provide small leverage for currencies.

Pros: The ability to choose between different account types. On-deposit bonus. Fixed and variable spreads option.

Cons: Fixed spreads look rather wider than some of the rivals. Low levels of leverage for some traders.

Overall, it is one of the oldest and most reliable brokers out there, being on the market for so long. I can trade everything they offer at ease and convenience, without worrying about the safety of my funds.

I am a big fan of the MeteTrader as well most especially because of the mobile versions which are the most widely used.

Pros: Great number of tradable assets, friendly support team, handy trading pllatform.

Cons: haven't spot one yet

The first time I get acquantied with HYCM I was a bit suspicious because I had a negative experience with couple brokers earlier. But time went by and HYCM reccomended itself a well regulated reliable company to trade with. It provides a number of tradable products so to every trader can find himself a suitable assets. And there is also a nice trading platform. Metatrader has a friendly interface. Moreover there is a mobile version of it. Application is handy and is just great for those who always on the go, I guess. I haven't tried one yet but it looks comfortable to trade that way, but is it as functional as desktop version?

Pros: account types, client support, regulations

Cons: not many tradable assets compared to the broker’s rivals

Reliable forex broker with a strong trading environment. Everything essential for successful trading is available. Special thanks to Hycm client support that is always ready to solve issues.