HYCM customer reviews

Pros: A good choice of assets A very reliable broker with 40-year experience Low floating spreads on a Raw account

Cons: Low leverage in some EU branches of the company

A good broker with some restrictions. That’s a kind of broker that can be labeled as reliable. Really, it’s hard to find a brokerage service today working for more than 40 years. It automatically excludes a likelihood that it may be a scam. You know fraudulent projects can’t exist for a long time. I tested their execution and it is very good, which is in line with the status of the broker. I didn’t face any problems with withdrawals too. However, if you join a European branch of the broker, you will see that leverage is quite low, just like for stock trading. It’s because of local regulation.

Pros: Fixed spreads, almost instant withdrawal.

Cons: There is no proper education for traders.

I can't say that hycm reviews were the reason I chose this company. But it definitely worked as an attention grabber and it was really after these articles that I started to look more closely into the services of this brokerage company and that led me to make this decision after all. So far I can't say that I'm completely satisfied with what I see here. Because on the one hand there are different types of spreads, so you can try several formats and make a final decision. You can't complain too much about the terminals either - everything works at a high level. The educational and analytical data is not so good here, because the company does not put much emphasis on it. And on the whole there is nothing special about it. But given that other companies already offer such services and it helps traders, I also wish that hycm would move to the next stage in this matter and also start helping traders to a greater extent not only with favorable trading conditions and rare webinars, but with something more significant.

Pros: Regulation.

Cons: Lack of education.

This company has features that are immediately appealing and there are features that I don't like. On the good side I would certainly point out that being regulated here has made a big difference in the fact that this company provides access to modern and quality services and you can withdraw money here without restrictions and long waits. On the downside, it's hard to work here for a novice trader because the company hasn't bothered to create any instructions or at least review articles on simple strategies - for traders that would be most useful in fact.

Pros: low minimum deposit, tight spreads with minimal commissions

Cons: confusing system of accounts

Trading fees are very important because spreads and commissions directly affect profits. The lower the spreads, the higher the profit. It's good that HYCM understands this and provides suitable conditions for clients. There are shortcomings in the company, of course. I think that the difficulty to choose between numerous accounts and offers is main one is the . It's hard to choose which account suits you best. Although this may not be a disadvantage. In other companies, there is no choice. Generally I like HYCM trading conditions.

Pros: N/A

Cons: N/A

I chose a Fixed account because I need the lowest possible spreads to scalp actively throughout the day. I don’t have any complaints about the execution. It’s pretty good and corresponds to the respected status of the broker. I scalp cross pairs at night and I’m satisfied with how it goes.

Pros: *

Cons: *

Let me briefly go over the benefits of the broker. It's a multi-regulated company where clients' interests are well protected. This can be seen both in the multiple licenses and in the protection against negative balance. The disadvantages of this broker are the lack of training and the rather complicated division into accounts. So the company is not one of the scam brokers. It is reliably regulated. Client funds are kept in Tier 1 banks, which is nice. But the trading conditions themselves are not clear. There is a lot of difference between the account types. And because of this, it is hard to know which one is the best.

Pros: A very rich experience of working in the idustry High reliability A good choice of assets

Cons: Low leverages in some branches of the company

It’s hard to question the reliability of this company especially considering the fact that the brokerage service was started in 1977. So, it can’t be a scam. As for trading conditions, they are quite standard. You can choose between three accounts. One of them offers fixed accounts, while the remaining two - variable ones. Trading platforms are typical too. These are Metatraders 4 and 5. The only thing that may disappoint you is that some branches of this brokerage service, in particular, European ones, have very low leverages due to strict local regulation.

Pros: Different types of spreads.

Cons: No education.

I can say that for me this company was a kind of quality start, which allowed me to move forward and develop in the market. And it is definitely something that can be recommended. Even though there is no so-called training - no courses, etc. I can't call it a significant disadvantage. It just depends on the personal motivation of the client - some are willing to learn on their own on the demo, while others need personal help on a regular basis. But even in this case it is not so indifferent, because the company has a large number of managers and analysts who are always ready to help with various technical difficulties or can tell you what to do in this or that situation and is often mentioned in numerous hycm reviews.

Pros: A reliable brokerage service with a 40-year experience Several respected regulators

Cons: Low leverage with some EU branches of the broker

I chose this brokerage service because it has a very rich experience of working in this industry and it met my expectations.

Pros: regulated, a lot of reviews among the web

Cons: not the best education

This brokerage is 100% good for those, who want to trade without problems and unexpected issues, as the brokerage is regulated and has a well-known brand, you can be sure everything would be okey. However, me, as a beginner trader needed not only good service, but education as well and brokerage isn't so good in this regard. Education is quite complicated and this makes it hard to understand.

Pros: Analytical tools.

Cons: Restrictions on the amount of withdrawal.

I was hesitant to register with this company for a very long time. And even though I had seen numerous hycm reviews - I still thought that it was definitely not for me. But eventually I finally decided that I needed to try it out to see if it had even the minimum amount of potential. And you know what? I'm really glad that I decided to do it a couple of years ago. Because since then, I've forgotten all about financial problems and insecurity. Because I really enjoyed this business and thanks to it I have become more attentive to every event that happens in the world. Of course not right away, but with time I concentrated on fundamental analysis, because it always enables me to make big steps towards a serious work. Of course it takes some time for you to get to grips with everything, but thematic hycm reviews of course play a big role in this because they contain a lot of accurate information that is backed up by real data, charts, images, etc. And you can really put it into practice right now or use it to create a promising business plan - so a lot of people trust it and I'm no exception, plus I've tested it out many times before and it's always totally fine.

Pros: A trustworthy broker Negative balance protection 0,2 spreads (on a Raw account)

Cons: No bonus promotions

Spreads really matter for me because I practice scalping. I was pleasantly surprised to discover 0,2 spreads with HYCM. Such low spreads are available on a Raw account. I immediately took that opportunity because the lower spreads the easier my scalping is. Despite I have to pay a commission to enjoy such low spreads, I don’t mind it because it pays off in the end.

Pros: The advantages of the broker is a small minimum deposit and the availability of several trading platforms.

Cons: The disadvantages are that not all accounts are allowed to trade with EAs.

I've been trading here recently.

Pros: regulated, long history, nice reputation

Cons: education isn't good, no copy-trading

Well, I think the following: this brokerage is ultimately good for professional traders, just because it's regulated and reliable, so you have no fears when invests your money. But if you're looking for place to start trading, HYCM isn't the best option. I've read a lot of HYCM reviews claiming that brokerage education is cool, but I can't agree, it won't help you to learn trading, if you're beginner, so don't rely on it. Also, there's no copy-trading, other disadvantage for beginners.

Pros: Normal trading platform.

Cons: Analytics.

I can't say that this is where I saw something really unusual, because this one is more similar to what can be seen in many other companies. From what I'm particularly attracted to, I can call having a normal regulation and of course an unlimited demo. Out of the drawbacks, I think I will point out the analytics, because there is very little data that could somehow affect your trading. Everything is too short and without forecasts.

Pros: A reliable broker with a very rich experience in the industry Excellent execution A good choice of financial instruments

Cons: No bonus promotions Small leverages in most branches of the broker

I opted for this broker because I always choose tried and tested solutions. A company working in the brokerage industry since 1977 can hardly be a fraudulent project and my practice proved it. I opened a fixed account with the broker because I strongly dislike variable ones - they tend to be too high with some exotic assets. With fixed ones, I feel much better. I appreciate the execution - my trades are processed instantly by the broker.

Pros: A respected broker with a rich experience in the industry A good choice of assets A possibility to choose between commission-free trading with moderate spreads (1,2 ) and commission trading and ultra-low spreads (0,2)

Cons: No bonus promotions Low leverages in some branches of the broker

If you are looking for a respected brokerage service that will never let you down, sticking with a veteran broker operating on the market for a long time would be the right move. HYCM is a typical example of such a broker. Started in 1977, it targets conservative speculators who favor tried and tested trading solutions such as Metatraders. Reliability isn’t the only thing that made me stick with this company. It has other viruses too. For example, it offers not only traditional financial instruments such as currency pairs, metals, indices, stocks, but also cryptos and not only major ones. You can trade many altcoins with the broker too. I opened a Raw account because I need the lowest possible spreads for scalping. By the way, if you intend to trade cryptos with the broker, look up leverage because in some branches of the company it isn’t high. People often complain about it in hycm reviews. In my branch (St Vincent), it’s 1:20, but in others it’s even lower. Regulators, in particular, European ones force the broker’s branches to lower leverages. It’s very unpleasant but on the other hand, you can simply open more trades on the chosen digital coin. Besides this, with a smaller leverage, you will safeguard your depo from unexpected swings in the market.

Pros: MT5, education, stable

Cons: slippages sometimes

i've faced some slippages this month, but I hope that was only accidentaly and wouldn't turn to be tendency. In other regards that brokerage is nice, here are MT5, education and good trading conditions. I also like that brokerage is stable, it isn't changing the trading conditions and that's the main advantage.

Pros: Different spreads. Help desk.

Cons: Delays in withdrawal occur.

Of course, I haven't become a real trader yet, I've only recently started to study the market and I still have a lot of questions and difficulties. But at least I've already decided on the spreads, it turned out that fixed is a really convenient option that helps to avoid errors in calculations and the speed of work has increased significantly - that's for sure. In my work, I use the data from hycm reviews, you can often find some analytical data for work there. There are no problems with withdrawal of money, but sometimes the money comes on the same day, and sometimes you have to wait for a few days - I don't know what it depends on, but perhaps the most important thing is that the money comes, and the commissions are not inflated here.

Pros: Reliability A good choice of financial instruments

Cons: No alternatives to Metatraders

HYCM: a tried and tested veteran broker I decided to opt for HYCM because I trust only proven brokers who work in the industry for a long time.HYCM is one of them. It was founded in 1977. So, I trust it more than any other broker started in the 2000s. I opened an account with fixed spreads and like how fast my orders are executed. Unfortunately, the broker doesn’t support cTrader. It’s a very promising trading terminal with exclusive features, such as the depth of the market.

Pros: regulated, with good reputation

Cons: no copy-trading

Actually, I've chose HYCM for only 2 reasons: 1. It's CySEC regulated. Yes, that's banal, but regulation is the best way to understand whether brokerage is reliable or no. CySEC regulation is reliable enough to be trusted and I was looking for brokerage with such regulation. Also, as I understood, HYCM has FCA and CIMA regulations. but I don't know why company needs so much. 2. HYCM has good reputation, I haven't found any HYCM reviews with serious and grounded negative. In fact, reviews was the second point I was checking, after regulation. AND HYCM has good ones. The only thing I don't like is that there is no copy-tradng feature, i Would like to try it, by the way.

Pros: A good choice of financial instruments Low spreads (Raw account) Several regulators

Cons: No bonus promotions

It’s a good broker if you don’t require anything special such as sleek and catchy custom-made platforms.

Pros: /

Cons: No

Once I read about the trading conditions in the HYCM reviews, I started seeing information about it everywhere. What to do, I decided to register :) Well, what if they really have the right conditions. So, there are some HYCM advantages: 1. Easy to choose the type of accounts you need. At first, I passed a test on what account is better to choose for me. 2. There are low floating and fixed spreads and a small commission here. They are really small, just amazing. 3. Good mobile app. There are notifications of important news come. It's useful. So far, I like everything. I don't see any disadvantages yet.

Pros: The brokerage has 3 types of accounts to choose from, with slightly different trading conditions. And this is very cool, it is very rare to be found. The trading conditions are quite favorable, although the spreads on the Fixed account are a bit high. And also the broker has a very long and interesting history of the company, which begins as early as 1977.

Cons: As I wrote above, spreads are a bit high on one account type. And I also noticed that not all instruments are supported on the MT4 trading platform. But that's not really that big deal, since all instruments are supported on the MT5.

In general, it is quite comfortable to work with a brokerage, despite several existing disadvantages. In fact, these disadvantages can be easily unnoticed, so I don't even pay much attention to them.

Pros: Regulated, education, tight spreads

Cons: slippages sometimes

I can agree with other HYCM reviews, the strongest side of this brokerage are its regualtions. But HYCM isn't about regulations alone, this brokerage offers some other advantages as well. As a beginner, I was actually quite happy with its education. It offers nothing extraordinary but helps understand the trading basics. The more advanced trader I became, the more I like tight spreads. Really they're around 2 pips for majors on fixed account. And around 1.4 on Classic acc with variable spreads. Thats one of the best numbers among well-regulated brokers. The only thing that make me upset sometimes is slippages but they're rare enough, so I'm just trying to turn a blind eye.