HYCM customer reviews
198 reviews from traders. Add your review →
Edward Cox ★ 5/5 — 2021-08-07Pros: Fast payment processing, no additional fees; broker has many awards and media mentions; operates in 140+ countries; wide range of assets
Cons: Support service does not work on weekends; inconvenient for scalping; few opportunities for passive trading
I have been working with HYCM international broker for more than a year and so far I am satisfied with everything. There are no problems with quotes, depositing and withdrawing funds as I had with other brokerage companies. You can deposit money in any way you want: through the bank, online or by credit card. This is very convenient because you never know where you will find yourself at work and when you will need to deposit money into your account. In general, everything is really done for the traders' good, for their comfort and success. After a little hycm reviews, I can say that the broker offers three types of affiliate programs, and the partner gets a personal manager and 24-hour access to analytics. The company has no limits on maximum payouts for any type of cooperation. You can also attract new clients to participate in affiliate program and receive up to 5% of their earnings.
So I am very satisfied with this broker!
Jaanus Kallas ★ 5/5 — 2021-07-27Pros: HYCM is licensed and awarded. The company works officially, which means less risks for traders.
Cons: The broker is not available in all countries. There is no platform of its own.
This is a good reliable broker with a proven track record. Liquidity providers are first-tier prime brokers. Various trading conditions that are optimized for different types of trading. Supports MT4 and MT5. The support service is of high quality.
Bruno Figueiredo ★ 5/5 — 2021-07-22Pros: Multi-regulated broker; many trading assets; MT4 and MT5; Works in 140+ countries
Cons: Didn't find
I enjoy trading with the HYCM broker. This is an honest company, it quickly withdraws money to my card. I have been trading here not very long ago and I plan to trade further!
Leonard Olaru ★ 4/5 — 2021-07-17Pros: HY affiiates allows you to make money by attracting new clients. There are four types of affiliate programs available.
Cons: A small selection of ways to deposit / withdraw funds;
affiliate program bonuses can only be used for trading
I earned my first hundred dollars on Forex in HYCM! In 2017, I left work for free bread. I thought freelancing was a panacea, I would sit my websites and landing pages to the right and to the left. Almost zero in three months. I began to look for more options for earning money on the network, preferably without customers at all. I think they guessed further. Like tens of thousands of other Internet users, he got into forex. Two years later, I understand, thank God, that I got into this topic and specifically in hycm reviews. This is exactly the source of income that I was looking for. Without bosses and without interruptions with orders. I started to immerse myself in the study and off we go. Such is the "background". But here is the broker's topic with reviews, so I will speak out further on them. I noted a little higher that I was lucky in the beginning, to get into HYCM.
Ricardo Vidal — 2021-07-06Hycm offers Metatrader 4 and Metatrader 5. Metatrader shares the same layout with Metatrader 4 but offers more timeframes, technical indicators and also comes with the depth of the market feature that enables you to see the number of buying and selling orders on the market. It can drop you a hint at an upcoming market move.
Andrew Ellsworth ★ 5/5 — 2021-06-28Pros: Cryptocurrency trading availability, the company was founded in 1977, the broker has been on the market for more than 40 years
Cons: Not available in some countries, e.g. USA, Canada, Belgium
Chose this broker about 3 years ago. Still, you must agree that not every broker can be on the market for such a long time. Also, the speed of transactions with the broker is very high. The broker has an affiliate program, HY affiliates, created with the aim of promoting it among affiliates.
Jannik Schmitz ★ 4/5 — 2021-06-22Pros: One of the most experienced brokers - up to 40 years of working in the brokerage industry
A regulated broker
Cons: Low leverage with some branches of this company
I’m very glad that I joined this brokerage service. Earlier I heard nothing about this company. I have been trading for more than five years but I never heard about this company. However, for this period, I have changed a great number of brokers.
It was very surprising for me to learn that this company was established more than 40 years ago. This fact automatically made it trustworthy in my eyes because fraudulent projects can’t exist for such a long period.
I timely discovered this broker. I needed a reliable broker that caters to conservative traders and respectively is not overloaded with unnecessary features. Instead, from such a broker I expect a good execution and a possibility to withdraw money each time I need it. This broker meets this requirement and this is the main thing for me. I don’t need bonuses and other worthless stuff.
Krishna Magagas ★ 4/5 — 2021-06-14Pros: .
Cons: .
I am wondering how to choose the right trading platform for a HYCM broker?
Thomas Hernandez ★ 5/5 — 2021-06-04Pros: 24/7 support, spreads from 0.2 pips, 300+ products to trade, the group of companies was founded in 1977
Cons: only forex and CFD products, inactivity fee
What can I say about the broker? HYCM is part of a large international group with over 40 years of history providing financial products and services to the trading community. Traders looking for a stable, well-regulated broker that offers their clients access to over 100 Forex and CFD products should look to HYCM.
Tankred — 2021-06-01Yes, the broker allows to open such an account.
Adrien ★ 5/5 — 2021-05-27Pros: - trading on Forex, CFD;
- protection of client funds according to FCA standards, through segregation of accounts;
- improving the conditions for clients provided by the loyalty program;
- Trading Central trading signals;
- free trading training and individual support;
- additional range of services for VIP clients;
Cons: - Not a very large selection of assets;
- A small number of ways to deposit and withdraw funds;
- Customer support works 24/5;
- The analytics section offers only general information;
It is rare to find foreign companies where spreads and commissions are not inflated, and besides, there is access to all world exchanges.
Bertrand Bailly ★ 4/5 — 2021-05-19Pros: FCA regulation;
other regulations in different regions;
platform choice;
tons of instruments for trading;
flexible account types;
leverage depending on regulation and asset;
fast execution of orders.
Cons: MT4 does not support some exotic pairs;
does not accept clients from some countries;
small leverage for some jurisdictions
The main requirement for a broker is the safety of traders’ funds, and HYCM fully performs it. 40+ years of experience together with the tightest regulation in the financial world - FCA - makes the broker reliable. Although some exotic assets are available in MT5 only, the platform is able to open and close positions very fast. I prefer moderate leverages in my trading approach so, HYCM satisfies me in that. Spreads for cryptos aren’t that tight, but that’s normal given the volatility of the crypto currencies. All in all, the broker offers a wide range of services.
Jip Molenaar — 2021-05-18Metatrader is compatible with MacOS.
Alex Melnikov ★ 5/5 — 2021-05-10Pros: One of the most experienced brokers in the world founded in 1977
A regulated broker with top-tier liquidity providers
Trading accounts with fixed and floating spreads
Cons: Metatraders only
Low leverage with some EU branches of the company
It’s impossible to label this brokerage service as a scam taking into account its huge experience in the industry - more than forty years. To be exact, this company was founded in 1977. That’s the very dawn of the Forex era. The foreign exchange market was started in 1975-1976. So, HYCM belongs to the category of the Forex pioneers. Coupled with top-tier liquidity providers, regulation, and the possibility to choose between fixed and floating spreads, it would be a reliable partner for you,especially if you are a conservative trader who puts reliability first paying less attention to exclusive features.
On the other hand, not everyone can benefit from this broker. First, you may not like Metatraders, but you will not find any other platforms here. Secondly, EU regulators doesn’t allow the broker to provide leverage to its clients higher than 1:30 for Forex instruments. If you have such an opportunity, stick with HYCM LTD (St. Vincent) because this broker’s branch offers 1:500 to trade Forex.
Inocentiu Pasca ★ 5/5 — 2021-05-05Pros: Variable trading conditions on different accounts, favorable.
Cons: wish the commissions were littel lower
The trustworthiness is of most importance to me so I paid attention to broker's reputation when choosing a brokerage. I wanted to be safe on this side and fter using the serice for a little while I can confirm that the broker is good to go!
Masanuna Tasanima ★ 5/5 — 2021-04-30Pros: Great reliability, good customer support
Cons: Low leverages in some EU branches of the broker
I'm worked with this broker and I'm not going to quit it in the future. It boasts the quality I appreciate best of all - reliability. You know that today not all brokers are reliable. Some of them have liquidity issues and it results in a troublesome and exhausting trading process. I don't face that stuff with this broker because it's well-regulated and has a 40-year experience in the industry.
The broker always allows me to enter the market at the desired price without trying to cheat me. I highly value it and it makes me want to keep trading with this company.
Of course, HYCM hasn't considerable leverage like others brokers, but you can always choose your own favorite.
Rafiks Vilchinsh ★ 4/5 — 2021-04-24Pros: you can withdraw your money at any time
Cons: standard demo
well, of course, before registering, I read numerous hycm reviews, I saw radically different reviews - satisfied and dissatisfied, I analyzed a lot and tried to come to at least some kind of compromise, but in fact I did not find it - and just try.
I can't say that I was completely delighted - it's hard for me to deny that besides the fact that there are different types of spreads offered here, there is something special here. In fact, everything is standard both for the choice of the trading terminal and for the bonus system and even for webinars (although sometimes really interesting things happen here), but the main thing that was organized well here is the execution and process of all financial transactions, because in fact it does not matter how you work - whether you see cool results or not - but in any case you always want to understand that everything will be in perfect order. And of course, I immediately checked the withdrawal of money here, the next day after opening the account and this led to a complete understanding that everything is in order - and since then I began to trust the company - by the way, I returned the money back to the account on the same day and immediately replenished by a few thousand more - the confidence has become maximum.
Zant ★ 5/5 — 2021-04-15Pros: One of the oldest brokers in the industry: a very rich experience.
A regulated reliable broker with many rewards.
Cons: Low leverage with EU branches of the broker.
I feel secure trading with this broker because it has a very rich experience of working in the industry. I know for sure that I can conveniently trade here and withdraw money each time I need it.
I have one question. Is it possible to open a joint account here?
Sagyndyk Zhiger ★ 5/5 — 2021-04-14Pros: Low spreads, large selection of assets, multiple trading platforms;
Cons: There is no opportunity to become a client from the USA, Canada, France and many other countries ..
Safe and experienced broker, regulated by CySEC and FCA. Money is withdrawn quickly and without problems.
Brower ★ 5/5 — 2021-04-06Pros: Regulation.
Cons: No bonuses.
HYCM was an obvious choice for me, because I have friends who have been trading with HYCM for a long time. I've heard their HYCM reviews, and all of them were positive.
After my two years of trading with HYCM, I have nothing to do but join these positive reviews. That's 100% true that HYCM is a good brokerage. A lot of different types of accounts with varying conditions of trading. They can confuse beginner traders.
Algoros ★ 5/5 — 2021-03-31Pros: Multi-regulation.
Cons: One trading platform.
I have been trading with HYCM for over a year. I'm already used to the fact that there are no other platforms besides MetaTrader 4. I can trade using any strategy and use my indicators and charts.
I love HYCM as it is a decent broker. He has multi-regulation and reliable cooperation conditions.
The broker conducts transparent activities and does not hide anything. On the official HYCM website, you can find data on fixed and floating spreads, commissions, etc.
By the way, I recently switched to Apple technology and bought myself a MacBook. Can you tell me if MT4 is compatible with macOS?
Yen Yen ★ 5/5 — 2021-03-25Pros: A well-regulated broker
A very rich experience of working in the industry
Cons: No bonuses
This broker has gained my trust. Even before registering an account with this company, I was already impressed to learn that it was founded in the previous century. Such a fact made me trust the company. But once I started trading there, I had more positive emotions.
The execution is very good here and the broker doesn’t delay my withdrawals. However, I would like to take bonuses here. I hope they will add this soon.
Giga Gogitidze ★ 4/5 — 2021-03-22Pros: HYCM is a multi-regulated broker.
Cons: Low leverage with some EU branches of the broker.
I think it's a good brokerage, and I check several forums with reviews about HYCM. So, I opened an account with it a year ago. Since it was difficult to choose the type of account, I decided to pass a test on the website, and find out what account would suit me best.
As a result, according to the test results, the Classic account was the best for me. So I opened it for myself.
By the way, it has quite cool trading conditions - spreads from 1.2 pips, minimum trade lot - 0.01, and a minimum deposit of $100. Even now, this account still suits me best. I haven't even thought about opening another one.
Working with the broker itself turned out to be quite good. It is reliable enough, it has regulation (which is totally awesome), and trading on the two most popular and convenient trading platforms - MT4 and MT5. And all this I got for $100, it's hard to believe.
But in general, I'm glad that I entrusted my experience and my money to this broker. I don't even know if it would be so profitable to invest with some other broker. Because this broker seems to have a special atmosphere in trading.
Kyrmyzy Nysynbay ★ 5/5 — 2021-03-16Pros: A good choice of assets
Regulation
+40 experience of working in the industry
Cons: Metatrader supported only
I like this broker. The quality of the trading process here corresponds to its reputation. I don’t struggle entering the market at the desired quote here. Besides this, the broker doesn’t prevent me from withdrawing funds.
RedBlack ★ 5/5 — 2021-03-12Pros: Regulation.
Cons: Weak educational materials
Of course, I think that any broker will have both pros and cons. It's the same with this broker. I like this broker for its good regulation from influential organizations. What are the trading points and the amount of earnings you cannot withdraw funds to the card? Fortunately, this broker does not fail!
Of course, there are also disadvantages. One of them is training. If you are a beginner trader, you will most likely have to study all the tools and platforms.
So, choose a broker based on your skills and capabilities. Also, the withdrawals here are quite fast, from 2-24 hours per credit card.