HYCM customer reviews

Pros: Multi-regulated broker; MT4 and MT5 trading platforms are available; a large number of trading assets; average transaction execution time up to 12 ms.

Cons: Doesn't accept customers from some countries.

I trade here because a friend once advised me. He is an experienced trader and therefore I trusted his HYCM reviews. At that time, I still did not know anything about trading and this was my first broker. I opened a demo account MT5. I probably trained here for 2-3 weeks. I was a little worried before starting to trade real money, but fortunately there is not a large minimum deposit. Since I chose a fixed spread account, my minimum deposit was $ 100. Now I am trading well and have changed my account type. I chose raw spreads, I like it better. Low commission and very low spread, which I hardly notice.

For trading on medium timeframes, I would choose from two types of accounts, one Classic account with floating spreads from 1.2 pips and no commission, and the other RAW account with zero spreads and small trading commission. At the same time here are very small minimum deposits, they are $100 and $200 respectively. In general, frankly speaking, I haven't seen any substantial spread extensions in all my time trading with hycm broker, so I advise you to choose accounts where your trading costs will be minimal, namely accounts with low floating spreads.

Pros: Multi-regulated broker; good selection of trading assets; MT4 and MT5; Fast execution.

Cons: Some exotic instruments are missing in MT4

I am sure that not every person will be able to succeed here. There are statistics, do you understand? So, I'm not saying that this is not possible. Everything is possible, just a person must have knowledge, skills, discipline and nerves of iron. At first, you don't need a lot of money, the minimum HYCM deposit is only $ 100. By the way, I do not advise making the first deposit more. Just try it ... but only after the demo account. Otherwise, you will not get knowledge and skills. Everything comes with time and not all people are ready to wait, endure and learn. Therefore, not everyone will succeed in Forex.

Pros: tech support, accounts

Cons: haven't noticed yet

Great technical support service. I'm new, I haven't even taken a course. Called support, told them so, asked for help. They calmed me down and I did all the steps over the phone under their guidance. They told me where to click, where and what to mark. I now trade on a demo account here and I also call them from time to time and they always help me.

Pros: HYCM broker has lower transaction fees than other brokers - The broker has a wide range of trading instruments available - You can trade stocks, futures, options, cryptocurrencies and commodities without touching the underlying assets. some kind of commission rates may be charged by this broker. Scalping is a short-term trade carried out in very small quantities with the possibility of quick profits. Trading instruments include stocks, futures, options and cryptocurrencies. Conditions can be both bullish and bearish.

Cons: However, there are disadvantages to using the HYCM broker. It can be difficult to understand how the converter works if traders are not familiar with the trading tools that are used in the industry. In addition, the HYCM broker may lose its effectiveness over time due to increased competition from other brokers.

HYCM Broker is a useful tool for traders. They can use it to trade futures, stocks and cryptocurrencies without having to understand the possible risks.

Pros: Some of the advantages of HYCM include access to more trading instruments and a wider range of spreads. However, you have to pay for these advantages.

Cons: HYCM also has some drawbacks that traders should be aware of before trading with them.

HYCM is a broker that offers scalping, trading tools and conditions that meet the needs of customers.

Pros: Availability of a good educational section with webinars and seminars

Cons: Insufficient number of analytical materials on the site

I trade here on an account with fixed spreads, from the indicators I use mainly fractals and moving averages. My profit is still unstable, plus or minus, but the trend is positive. Thanks to the professional work of the technical support I was able to avoid some mistakes. What account do you think is more suitable for working with the broker on medium timeframes?

I read in your review about the broker's support of the Metatrader trading platform. And what other conditions are quite attractive at the broker?

Pros: Floating and fixed spreads; Regulation; A possibility to open a joint account

Cons: Metatraders only

When deciding on this brokerage company I was mostly motivated by two reasons. The first had to do with trading conditions. This broker offers fixed spreads. If you have some trading experience, you should know that fixed spreads are not a common thing in the brokerage industry and it’s not a surprising thing because to provide fixed spreads a broker should work with top-notch liquidity providers. It’s good that such brokers as HYCM exist because it’s a good opportunity to trade with fixed spreads. The second reason was a joint account. Yeah, this broker allows to open a joint account. My friend is a trader too and we both plan to open a joint account with this broker to test cryptocurrency strategies.

Pros: An account with fixed and floating spreads.

Cons: Not detected

My work brings me full satisfaction. No stress and no salary delays. Moreover, HYCM broker always withdraws money on time, so there are positive hycm reviews. I am the only one who decides the number of deals I will make. Of course, the result of trading depends on current market situation, but nevertheless I can correct a lot of things. What I like about trading with this broker is the fact that it is a very old broker that provides services for a very long time and has many years of experience.

Pros: As for advantages I would point several ones. Variety of payment/withdrawal mwthods and types of trading account.

Cons: As for drawbacks I'd note that there is only two trading platforms.

Generally speaking, this broker is quite attractive for those traders who don't care about the variety of trading platforms and got used to trade with only one platform.

Pros: Multiple regulation, long history of operation, mt platforms support

Cons: None

HYCM is one of the most consistent brokers I have met on the market. The broker was founded in 1970s which deserves trust. I believe that the most unpleasant thing for a trader is to start working with a total scam, thinkinf that the broker can be trusted. Such people are usually attracted by outstanding trading conditions and promises that a trader will be supported by 'highly qualified experts' who will guarantee the results. Decent brokers don't give such guarantees as everybody knows that it is only a trader themselves who bear the responsibility for their own trading results. HYCM is a very old broker which justifies the idea that it is definetely not a scam and it deserves trades' trust. There are many hycm reviews on many forums which will prove this idea. One of the coolest things is the fact that hycm supports mt platforms which are the most popular ones in trading community. These platforms boast their functionality and simplicity in use.

Pros: Many trading assets; trading platforms MT4 and MT5; three types of accounts including an account with fixed spreads; multi regulated broker.

Cons: MT4 - some exotic instruments missing.

I was advised to open a HYCM trading account because this company has been providing financial services for many years and has a lot of experience. To be honest, I have not regretted that I trade here. MT4 provides fast connections, correct quotes and fast market execution for my trades. The support service always answers my questions and the money is withdrawn to the card without delay.

Pros: Multi-regulated broker, it is possible to get the status of a VIP-account, where the best spreads for fixed accounts;

Cons: Does not support the withdrawal of money to the QIWI;

There are so many different brokerage companies advertised at the moment, I'm speechless! But I chose HYCM! And even though they don't have any advertisement, that's probably what won me over in their favor! Because if the broker is good, he won't say it in every corner, this is exactly what HYCM has!

Pros: Types of account; lots of trading instruments; no commissions

Cons: Restriction in relation to clients from a particular list of countries

In my opinion, this broker is deserved to be noticed mainly because it has a very little amount of shortcomings and one can statet hat it consists only of advantages. It's pretty hard to pick on something, because it has quite responsive customer support, good trading conditions. I guess that brokers should always be like this one, because it's really significant for a trader to find a broker which will meet his/her needs and always is ready to help him/her.

Pros: Regulation, many assets to trade, fast execution of the order, mt4/mt5 platforms

Cons: Haven't noticed yet

It is probably one of the most consistent and reliable broker. It has long history of operation (it was founded in 1970s) and there are many traders who enjoy working with this brokerage. I really appreciate the thing that they allow the traders to trade with mt lineup, as there are so many fans of these platforms nowadays. More than that, I really like the fact that there are few slippages while trading.

Pros: The broker has a lot of rewards, different types of accounts.

Cons: Does not accept clients from the U.S., Canada

HYCM broker is now a well-known one, I constantly meet reviews about HYCM and they are positive enough for me to pay attention to the company. The main thing is undoubtedly that they are a regulated broker, and that you can count on long-term cooperation. I have been following the same path, at first I traded on a demo account for a little over a month and now I am already on a real account. The clients leave real reviews about HYCM, no exaggerations, everything is really on the highest level here, even the site is not left to its own devices, they update the news constantly, I look through it regularly. In general I like everything in HYCM, started to trade because of the accessible entrance threshold for me and because of the positive articles and reviews about it but I have seen their other advantages while trading, appreciated the work with their terminal and the high-quality analytics from the broker. Spreads may widen, but this is generally a normal market situation, and such things should still be considered by a normal trader in his trading strategy. In essence, everything is fine, they work according to the regulations.

Pros: A licensed broker with 40-year experience Tight floating spreads and fixed spreads for news trading

Cons: Low leverage with EU branches of the brokerage company

This broker belongs to the category of respected brokers. It’s hard to tell the opposite considering its 40+-year experience and a license. However, EU traders have to put up with 1:30 leverage on FX instruments due to strict local regulation.

You have to appeal to your personal preferences when you're choosing an account type. If you're fond tight spread then you probably will pick Raw account type, if you don't bother about spreads at all, then you are able to choose Classic. If you don't care about trading with EAs and tight spreads, then you should pick Fixed account.

Pros: Consistent and reliable broker with good spreads and fast orders execution.

Cons: None

I was looking for a decent and reliable broker for my trading. Surely, I started to browse through trading community and found there many hycm reviews which were ultimately positive. The broker has rich history as it was fonded in 1977 and still remains its popularity. The spreads are pretty tight there and the orders are executed in a really short time which is great to avoid slippages. All in all, this broker deserves to be included in a short list.

Pros: It remains quite stable and gives profit, and outputs for the most part on time

Cons: They can easily block an account without much effort to explain the reason

It is possible and even necessary to work, in any case, I would not sharply reject trading on the platform of this company HYCM. Although it has undergone a rebranding, like most old-timers, it remains quite stable and makes a profit, and outputs for the most part on time. However, I have repeatedly heard that if you climb the net profitability, you can easily block your account without much effort to explain the reason.

Pros: Tight spreads and low commisions Reputable broker Multiple regulations Good platform

Cons: None

I needed a reliable broker for scalping and I found it. That’s so strange that I came across the oldest broker or at least one of the oldest brokers in the world. Yeah, it’s one of the pioneers of the Forex market. I trade on the Raw account with the broker. Its name shouldn’t confuse you - it’s just an ECN account with tight spreads and commission.

Pros: Max. Leverage 1: 500; Trading platform Metatrader 4 and 5; A large number of trading assets; Good support service; Quick withdrawal of money; Regulation by Cy SEC, Also regulated by DFSA and CIMA.

Cons: For me, there are no disadvantages, but I heard that the broker does not accept clients from some countries.

If you need to start trading with an experienced and honest broker, then I advise you to read hycm reviews. This broker has been working for a very long time and many clients are satisfied with the cooperation. Me too. I have been trading here for 2 years and do not want to change my broker. I like that money is withdrawn quickly. The support service works well, my questions are always answered quickly and clearly. Many traders forget that a good support service is also a great advantage because there are many novice brokers who have questions about the trading platform! I am glad that I trade here and recommend this broker to my friends) By the way, hycm broker has a great affiliate program!)

Pros: Main advantages to my mind are multiplatform and several types of accounts.

Cons: Speaking about disadvantages I can note that this broker doesn't take clients from a particular list of the countries, which may be quite inconvenient.

Basically, everythings is okay with this broker, I haven't notice major shortcomings and I'm sure that this broker scurpulously performs its duties and always meet the needs of its traders.

Pros: -

Cons: -

What should I pay attention to while choosing account type?