All Customer Reviews & Comments about HYCM Forex broker
Advantages: Three types of spreads.
Comment: It's true that the three types of spreads are not just some attention-grabbing thing for traders - they really are the thing or the thing that can dramatically change your results in the market and make them more stable and higher. Their educational moments are still a bit of a mess because they offer purely general data that needs serious additional processing and I really miss some more specific thematic information, other companies are already doing it better.
Advantages: Long history of operation, multiple regulation, mt trading platforms support, abundance of different financial instruments, multiple payment methods.
Disadvantages: I haven't noticed any serious drawbacks
Comment: HYCM has a long history of operations on the market which speaks lots of things and one of them is the fact that the broker can definetely be trusted. This broker was founded in 1970s and, to put it mildly, not all of the brokers are able to exist for so long. More than that, this broker has multiple regulations which only strenghtens my impression of this broker as the decent one. There are many hycm reviews on the internet, but not all of them are sincere and have any connection to the reality. As for me, I prefer to notice only objective facts which can be checked.
Advantages: Making a profit from each transaction, Minimum spread, No hidden fees, Low spreads for fixed time periods.
Disadvantages: Trading with leverage is not suitable for beginners, You should be careful when trading on weekends because you can't withdraw your money from the broker until Monday.
Comment: I used the services of this broker to trade currencies and stocks. I like their simple trading platform with clear charts and clear information in the interface. Brokers provide investors with leverage and allow them to trade on platforms that are compatible with their situation and needs, whether it is trading on a fixed or credit basis, trading markets or implementing various strategies that meet their investment needs.
Advantages: ALL THANKS TO SUMMITRECOUP
Comment: Contact Summitrecoup Dtcm to help recover all your scammed funds. They're the Best out there. Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. Still can’t believe this. I was scammed twice before by fake recovery company who said they could help but didn’t. Summitrecoup did it within WEEKS! They’re Legit and so transparent. You can also get help too.
Advantages: Reliability of the company Convenience of working in terminals Training materials Timely withdrawal of earnings Operational technical support Affiliate Program Demo account
Disadvantages: Unfavorable trading conditions Terminal failures and delays
Comment: The company offers good conditions, and regulation inspires confidence. The platform works perfectly, both the computer version and the mobile terminal. The broker allows trading with advisors, which is sure to appeal to novice traders.I have been working with a broker for more than a year, and during this time I have not found any problems. Money is withdrawn quickly, there are many payment systems: you can choose a convenient option.
Advantages: Reliability, customer funds are protected, small minimum deposit.
Disadvantages: Lack of analytics on the site
Comment: I chose this broker as an alternative broker so I don't have all my money in one account. As a result, my trading account with HYCM broker became my main account. I chose the Metatrader 5 trading platform for trading, it has a larger number of timeframes and a large selection of indicators. Has anyone here opened a RAW account, what are your impressions?
Advantages: Multi-regulated broker; MT4 and MT5 trading platforms are available; a large number of trading assets; average transaction execution time up to 12 ms.
Disadvantages: Doesn't accept customers from some countries.
Comment: 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.
Advantages: Multi-regulated broker; good selection of trading assets; MT4 and MT5; Fast execution.
Disadvantages: Some exotic instruments are missing in MT4
Comment: 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.
Ahahah, yeap, I hope everyone really understands that in order to succeed her you've got to have smth more than just a purchased robot or a working strategy. Success takes patience and a quiet mind. No broker can give it to you.
Advantages: tech support, accounts
Disadvantages: haven't noticed yet
Comment: 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.
Advantages: 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.
Disadvantages: 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.
Comment: 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.
Advantages: 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.
Disadvantages: HYCM also has some drawbacks that traders should be aware of before trading with them.
Comment: HYCM is a broker that offers scalping, trading tools and conditions that meet the needs of customers.
Advantages: Availability of a good educational section with webinars and seminars
Disadvantages: Insufficient number of analytical materials on the site
Comment: 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?
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.
Advantages: Floating and fixed spreads; Regulation; A possibility to open a joint account
Disadvantages: Metatraders only
Comment: 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.
Advantages: An account with fixed and floating spreads.
Disadvantages: Not detected
Comment: 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.
Advantages: As for advantages I would point several ones. Variety of payment/withdrawal mwthods and types of trading account.
Disadvantages: As for drawbacks I'd note that there is only two trading platforms.
Comment: 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.
Advantages: Multiple regulation, long history of operation, mt platforms support
Comment: 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.
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?
Advantages: Many trading assets; trading platforms MT4 and MT5; three types of accounts including an account with fixed spreads; multi regulated broker.
Disadvantages: MT4 - some exotic instruments missing.
Comment: 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.
Advantages: Multi-regulated broker, it is possible to get the status of a VIP-account, where the best spreads for fixed accounts;
Disadvantages: Does not support the withdrawal of money to the QIWI;
Comment: 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!
Advantages: Fast and Reliable
Comment: Good day everyone reading . If you are seeking means to recover cryptocurrency , tokens, coins and funds lost to any form of online scams in binary options, forex crypto-trading and investment , do yourself a favor and contact Coinwalletrecoup . Com. This recoup company literally saved my life when they helped me recover tokens of over $233,000 from online rippers impersonating group admins on WeBull and Tradestation, my 12 phrase got compromised .They had my blockchain wallet ransacked it and I was left with nothing. I almost lost all hope till I read a review online about this company Coinwalletrecoup . Com that saved my life by helping me recover my stolen funds. I provided details of the incidence and necessary information to complete recovery program and under a week my coins and tokens were recovered by them. All thanks to COINWALLETRECOUP . COM . You Are the Best!!
Advantages: Types of account; lots of trading instruments; no commissions
Disadvantages: Restriction in relation to clients from a particular list of countries
Comment: 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.
Advantages: Regulation, many assets to trade, fast execution of the order, mt4/mt5 platforms
Disadvantages: Haven't noticed yet
Comment: 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.
Advantages: The broker has a lot of rewards, different types of accounts.
Disadvantages: Does not accept clients from the U.S., Canada
Comment: 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.
Advantages: A licensed broker with 40-year experience Tight floating spreads and fixed spreads for news trading
Disadvantages: Low leverage with EU branches of the brokerage company
Comment: 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.
Advantages: Consistent and reliable broker with good spreads and fast orders execution.
Comment: 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.
Advantages: It remains quite stable and gives profit, and outputs for the most part on time
Disadvantages: They can easily block an account without much effort to explain the reason
Comment: 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.
Advantages: Tight spreads and low commisions Reputable broker Multiple regulations Good platform
Comment: 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.
Advantages: Don't know
Disadvantages: locked my account
Comment: I think these companies just select which of their users they want to scam or I do not really understand why, they locked my account severally and kept requesting for ID to verify which I did. I wasn't even able to really trade due to blocking of my account until it cost me all my investments. Support was not replying or slow, I report the company that lead me to recoverylitigation . com that took up my issue and I got refunded within a week. I can breathe easy now, suggest you be very careful.
Advantages: 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.
Disadvantages: For me, there are no disadvantages, but I heard that the broker does not accept clients from some countries.
Comment: 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!)
Advantages: Main advantages to my mind are multiplatform and several types of accounts.
Disadvantages: 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.
Comment: 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.
Comment: What should I pay attention to while choosing account type?
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.
Advantages: Fast payment processing, no additional fees; broker has many awards and media mentions; operates in 140+ countries; wide range of assets
Disadvantages: Support service does not work on weekends; inconvenient for scalping; few opportunities for passive trading
Comment: 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!
Advantages: HYCM is licensed and awarded. The company works officially, which means less risks for traders.
Disadvantages: The broker is not available in all countries. There is no platform of its own.
Comment: 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.
Advantages: Multi-regulated broker; many trading assets; MT4 and MT5; Works in 140+ countries
Disadvantages: Didn't find
Comment: 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!
Advantages: HY affiiates allows you to make money by attracting new clients. There are four types of affiliate programs available.
Disadvantages: A small selection of ways to deposit / withdraw funds; affiliate program bonuses can only be used for trading
Comment: 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.
Advantages: Cryptocurrency trading availability, the company was founded in 1977, the broker has been on the market for more than 40 years
Disadvantages: Not available in some countries, e.g. USA, Canada, Belgium
Comment: 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.
Advantages: One of the most experienced brokers - up to 40 years of working in the brokerage industry A regulated broker
Disadvantages: Low leverage with some branches of this company
Comment: 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.
Comment: I am wondering how to choose the right trading platform for a HYCM broker?
Hycm 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.
Advantages: 24/7 support, spreads from 0.2 pips, 300+ products to trade, the group of companies was founded in 1977
Disadvantages: only forex and CFD products, inactivity fee
Comment: 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.
Advantages: - 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;
Disadvantages: - 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;
Comment: It is rare to find foreign companies where spreads and commissions are not inflated, and besides, there is access to all world exchanges.
Advantages: 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.
Disadvantages: MT4 does not support some exotic pairs; does not accept clients from some countries; small leverage for some jurisdictions
Comment: 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.
Advantages: 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
Disadvantages: Metatraders only Low leverage with some EU branches of the company
Comment: 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.
Advantages: Variable trading conditions on different accounts, favorable.
Disadvantages: wish the commissions were littel lower
Comment: 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!
Advantages: Great reliability, good customer support
Disadvantages: Low leverages in some EU branches of the broker
Comment: 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.
Advantages: you can withdraw your money at any time
Disadvantages: standard demo
Comment: 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.
Advantages: One of the oldest brokers in the industry: a very rich experience. A regulated reliable broker with many rewards.
Disadvantages: Low leverage with EU branches of the broker.
Comment: 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?
Yes, the broker allows to open such an account.
Advantages: Low spreads, large selection of assets, multiple trading platforms;
Disadvantages: There is no opportunity to become a client from the USA, Canada, France and many other countries ..
Comment: Safe and experienced broker, regulated by CySEC and FCA. Money is withdrawn quickly and without problems.
Disadvantages: No bonuses.
Comment: 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.
Disadvantages: One trading platform.
Comment: 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?
Metatrader is compatible with MacOS.
Advantages: A well-regulated broker A very rich experience of working in the industry
Disadvantages: No bonuses
Comment: 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.
Advantages: HYCM is a multi-regulated broker.
Disadvantages: Low leverage with some EU branches of the broker.
Comment: 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.
Advantages: A good choice of assets Regulation +40 experience of working in the industry
Disadvantages: Metatrader supported only
Comment: 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.
Disadvantages: Weak educational materials
Comment: 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.
Advantages: A good choice of assets A very reliable broker with 40-year experience Low floating spreads on a Raw account
Disadvantages: Low leverage in some EU branches of the company
Comment: 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.
Advantages: Fixed spreads, almost instant withdrawal.
Disadvantages: There is no proper education for traders.
Comment: 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.
Disadvantages: Lack of education.
Comment: 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.
Advantages: low minimum deposit, tight spreads with minimal commissions
Disadvantages: confusing system of accounts
Comment: 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.
Comment: 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.
Comment: 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.
Advantages: A very rich experience of working in the idustry High reliability A good choice of assets
Disadvantages: Low leverages in some branches of the company
Comment: 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.
Advantages: Different types of spreads.
Disadvantages: No education.
Comment: 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.
Advantages: A reliable brokerage service with a 40-year experience Several respected regulators
Disadvantages: Low leverage with some EU branches of the broker
Comment: I chose this brokerage service because it has a very rich experience of working in this industry and it met my expectations.
Advantages: regulated, a lot of reviews among the web
Disadvantages: not the best education
Comment: 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.
Advantages: Analytical tools.
Disadvantages: Restrictions on the amount of withdrawal.
Comment: 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.
Advantages: A trustworthy broker Negative balance protection 0,2 spreads (on a Raw account)
Disadvantages: No bonus promotions
Comment: 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.
Advantages: The advantages of the broker is a small minimum deposit and the availability of several trading platforms.
Disadvantages: The disadvantages are that not all accounts are allowed to trade with EAs.
Comment: I've been trading here recently.
Advantages: regulated, long history, nice reputation
Disadvantages: education isn't good, no copy-trading
Comment: 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.
Advantages: Normal trading platform.
Comment: 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.
Advantages: A reliable broker with a very rich experience in the industry Excellent execution A good choice of financial instruments
Disadvantages: No bonus promotions Small leverages in most branches of the broker
Comment: 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.
Advantages: 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)
Disadvantages: No bonus promotions Low leverages in some branches of the broker
Comment: 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.
Advantages: MT5, education, stable
Disadvantages: slippages sometimes
Comment: 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.
Advantages: Different spreads. Help desk.
Disadvantages: Delays in withdrawal occur.
Comment: 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.
Comment: It has been hard losing a lot of money to binary options and Cryptocurrency trading. My money has now been recovered, thanks to a recovery pro. You can reach me to share my experience and how I had my money recovered. Susiebell2009 at gmail, com
Advantages: Reliability A good choice of financial instruments
Disadvantages: No alternatives to Metatraders
Comment: 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.
Advantages: regulated, with good reputation
Disadvantages: no copy-trading
Comment: 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.
Advantages: A good choice of financial instruments Low spreads (Raw account) Several regulators
Disadvantages: No bonus promotions
Comment: It’s a good broker if you don’t require anything special such as sleek and catchy custom-made platforms.
Comment: 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.
Advantages: 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.
Disadvantages: 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.
Comment: 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.
Advantages: Regulated, education, tight spreads
Disadvantages: slippages sometimes
Comment: 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.
Comment: I`m in trading since last year. I started with this broker. Now I can say it`s a good one. It is multi-regulated broker. There are 3 types of account for differing needs here. But not in all you can use EA.
Advantages: 3 complete, various account types for trading; long, fascinating company history
Disadvantages: Not the most favorable conditions for cryptocurrencies trading, I've seen better)
Comment: Personally, I found only one small flaw. Otherwise, the brokerage is very good, it is more than profitable to trade with it.
Advantages: Low fixed spreads from 1.8 points.
Disadvantages: No passive format of trading.
Comment: When you only see this company's website for the first time or read hycm reviews, you are very surprised. Why? Because everything looks too normal. Yes, it's strange, because any trader is used to the fact that in such companies there are always some nuances that do not allow a person to act in complete freedom and in safe conditions. I honestly didn't believe in it either. But the practice in this company for two years allowed me to make sure that everything is really OK here. There are good conditions for detailed technical analysis, there is an analytics and other data on fundamental analysis, and money is withdrawn in one or two days. What else do you need for your happiness? And one more thing. There are very good managers in the support team. They always respond instantly to my questions, so I can be sure that even at the weekend I can solve any question in a couple of minutes...
Advantages: Different types of spreads.
Disadvantages: Webinars are shown rarely.
Comment: When I read the hycm reviews I was somehow not very impressed because I was interested in passive methods of working in the market. But eventually I realized that I just can't help but control my money and I have to work on my own. It was after that I decided to go back to this company, because there are (as it turned out) more than just good conditions for work, because there are two quality trading terminals with wide functionality for technical and fundamental market analysis. And when I started to study it, I immediately started working actively on demos, almost every day. And gradually I noticed that the results are getting better. My only wish here is for the company to create more webinars, I really like them.
Comment: There are some undeniable advantages of the company, such as: •40+ years’ experience in Forex industry. It`s not some shell company. •A lot of awards by which the leading position at market is proved. •Client`s funds are held at Tier One Banks. It is in this way that trading can be labelled as protected. But there are some cons here. For example, it`s difficult to choose right account type. There are many restrictions on geo. Spreads are not so tight as in some other companies. So, traders can earn with a reliable broker. But there are some disadvantages which make trading not very comfortable.
Advantages: I really like the fact that HYCM is safe to trade with as it has regulation. This means that I can not worry about my deposit, but just enjoy trading. Of course, without good trading conditions it's not possible (as for me). But even here HYCM didn't let me down)) A broker has a choice of account types with different trading conditions, a lot of assets to trade with, and fast order execution speed. I'm more than satisfied with this.
Disadvantages: In many hycm reviews that I have read, users wrote that it is difficult to choose an account type. And for this purpose you can find a special test with 5 questions on the broker's website. The idea seems to be cool, but I have made sure that you can't blindly trust the results of this test. You need to think a little more on your own about whether it will be profitable for you to trade on a particular account or not.
Comment: Of course, the advantages are much more than disadvantages. I've seen a few other small flaws in brokerage work, but they didn't mess up my trading, so it is irrelevant to write about them. Working with HYCM is nice, it's a professional broker.
Advantages: Low commissions.
Disadvantages: Rare webinars.
Comment: There are different types of spreads and tools for calculations. But I would be glad if there were more training options.
Advantages: Fast execution, no slippage
Comment: I’ve been looking to trade with a tier-1 Forex broker. I’m glad I bumped into HYCM, thanks to a recommendation from someone on a Forex forum. HYCM accepts small traders, just opened an account with them 2 months ago. I’m absolutely satisfied! My orders are filled instantly, spreads are reasonable, and no slippage and requotes.
Advantages: regulated, with affordable spreads, good reputation
Disadvantages: no social trading
Comment: brokerage is good overall, but there's no social trading and that's the problem
Advantages: HYCM has quite an interesting and long company history. Therefore, in terms of experience, it is much "stronger" than the brokers I worked with before. It is also very cool that a broker gives a variety of choices in the type of accounts. It's not just that there are several accounts to choose from. It is also the fact that the trading conditions between them can differ significantly. It seems to me that this is an interesting approach, as traders have more freedom in their choice.
Disadvantages: But the reverse side of the diversity in the accounts types is that it's very easy to get lost, because you don't know which one is best for you. Although the broker has a test on its website, which determines what type of account will work for you. But personally, my choice didn't work for me, I realized it later. So that's problems.
Comment: I've wanted to write my hycm reviews for a long time, because I like the brokerage. It's a pleasure to work with it, and obviously it has much more advantages than disadvantages. If you don't pick on the broker much (as I do), you may not find any cons at all.
Advantages: Clear terms of cooperation, regulation.
Disadvantages: High fixed spreads.
Comment: A familiar forex broker with familiar conditions. It's simple, no surprises. No passive formats for work. We'll have to figure it out on our own. There are no other ways.
Advantages: High spid trades execution, multiregulated, long history
Disadvantages: No US clients, spreads are high sometimes, you can't choose the legal entity
Comment: There are several legal entities here. Some are regulated by really goodworthy bodies, like CySEC. However, some of them are offshore regulated companies. The legal entity with which you will trade does not depend on your choice, it depends on your country of residence. I don't think that's a very correct approach. However, in general, the broker is very good and I like it.
Advantages: HYCM has several advantages that other brokers don't have. For example, due to the fact that a broker is on the market for a realyyyy long time, it has high enough standards for the quality of its services. The broker is very careful about the execution of orders, and performs them quickly and almost without slippages.
Disadvantages: Although a lot of beginners write about how convenient the test for choosing the type of account for HYCM is, I don't quite agree with this. Personally, this test didn't work for me, so I don't understand why so much attention is focused on it. The broker has other flaws, but they aren't very significant and don't interfere with trading.
Comment: Overall, this is one of this positive hycm reviews. A broker sure knows how to handle its clients properly, and I like that about it.
Advantages: Normal trading terminal, many indicators.
Disadvantages: Few analytics
Comment: When you choose the path of a trader you face many moments, which are unexpected for you. And you need to cope with it and do something to adapt to new and unusual situations. I find that relevant and interesting. And that's the test you need to pass to test your strength. Of course you have some support here, if you have a normal brokerage company. And I think I found it in this company that cares about its clients, about its reputation. And it provides a normal amount of services so you can try different formats. It's good for me that you can work with different spreads here. Before this company, I didn't think raw spreads would suit me. And the presence of two trading terminals, which differ in accuracy and a competent set of tools for analysis.
Advantages: Regulated, tight spreads, a lot of assets
Disadvantages: I se nothing
Comment: Just good brokerage. I see no point to add something, as I think that most traders can test it on their own.
Advantages: Different types of spreads, spreads are quite small - from 0.2 points (depending on the type).
Disadvantages: The training materials are good, but there are very few.
Comment: In fact, recently I was asked about why I chose this brokerage company and what are the most interesting features. And I couldn't name anything specific, because there are no specific services, etc. But if you are a classic trader, then you will get access to most of the current tools for analysis, there are detailed news reviews, economic calendar, etc. So, you can work here without any problems.
Advantages: Fast execution, regulated
Comment: HYCM is a legit Forex broker that provides high quality trading services. Fast execution, tight spreads, and accurate pricing. Their leverage is lower than what’s offered by other brokers but it’s fine! It’s well regulated, and offers segregation of accounts. If you’re a newbie looking for a credible broker, you should consider HYCM.
Advantages: Regulated brokerage, good reputation, tight spreads
Disadvantages: Only metatrader
Comment: In general, I'm very happy trading with this broker. Firstly, HYCM has a really impressive list of regulations that deserve attention. FCA and CySEC regulations make this brokerage one of the most reliable in the whole industry. Secondly, it has related services such as training and trading signals. Every good broker offers not only the opportunity to trade, but also the opportunity to learn, as well as receive signals and analytics. The third is the choice between MT4 and MT5. I prefer Metatrader 4, but I know many people who want to trade with a new generation platform. I think it is very cool that a broker offers a choice. Well, the last one is my personal experience. In 3 years with HYCM I have never faced any problems, so my impression of a broker is 100% positive.
Advantages: Good enough and regulated
Disadvantages: Not the best out there
Comment: I will advice any trader to be careful when choosing a broker to invest with by always making sure they are regulated. I invested with a broker that made withdrawal impossible and there was nothing i could do until i contacted the agent Mr Bart Kasch who helped me recover my money. It felt satisfying to finally have my investment back, you can reach him at BartKasch AT Affiliaterecovery DOT com if you need help
Advantages: Different types of spreads.
Disadvantages: Standard analytical tools.
Comment: I like to trade in this company, because it is a classic forex broker, you can trade calmly, and learn to do so.
Advantages: Good spreads on Standard account, regulated
Disadvantages: Metatrader is the only trading platform compatible with the broker
Comment: The disadvantage about MetaTrader that I've mentioned is basically all I can wish to improve here. I'm a bit tired of this monopoly in the sphere of forex trading that MT has got. This is definitely not the best platform ever, yet like 99% of the brokers offer this platform only.Well, I guess I can bare that, yet this is something for the company to consider in terms of upcoming improvements.
Advantages: well-known, many reviews, a lot withdrawals methods, regulated
Disadvantages: high spreads, can't choose regulation
Comment: I read many Hycm reviews before trading with this brokerage. Most traders say the same - brokerage is well-known and can be trusted. I think it's the best example of the positive attitude towards that broker over the industry. As I know, it operates around 40 years, that's incredible figure. We say that brokerage that was launched in 90's is old but gold, but Hycm is at least platinum:) Of course there are also shortcoming as well, spreads are high within FCA regulated entity and you can't choose regulation (it depends on your location). However, I think brokerage has much more pros than cons
Advantages: Access to both MT terminals.
Disadvantages: Few of training material.
Comment: I believe that this is the best solution for advanced traders. There are a lot of assets and original tools.
Advantages: Many regulations, different subsidiaries that differ by regulation. High leverage with SVG regulated entity. Deep history as well
Disadvantages: Hard to start trading for individual with low depo
Comment: Brokerage is multi-regulated, but pay attention that there's differenet Heynep subsidiaries. If you want to trade with regulated by FCA - you should choose the right entity. That's cool that you have different options to choose from, but beginners will face some difficulties I think with starting there. I mean, that's big company and for beginner it's hard to understand what he or she really need. For example I registered with FCA regulated subsidiary, but I want high leverage and there you can only get bigger leverage if you register as professional trader.
Comment: Hello everyone feel free to reach out to Mr barry on Barrysilbert540@gmail.com if you need help or guidance on how to recover your lost fund using good strategy and how profitable trades is been done. And also if you want to recover your lost funds using his masterclass strategy he can help you. I'm earning $10,250 weekly using his masterclass.. you can also reach him out on whatsapp +447508298691.
Comment: Hello everyone, I was scammed by expert option and that really brought me down. I read through Deo Christopher's post and here i am now i have recovered all that they stole from me although they handle different kinds of recovery, they also helped my start my trading on bitcoin mining and i have been making withdrawals on a regular bases. Notify if interested or watsapp him +17817207567
Advantages: this is an old broker with a good reputation, I only trade currency here 390 pairs
Disadvantages: premium account 2500 dollars deposit
Comment: I only trade currency here, the choice of currency pairs is very large. Commission on the conclusion is low, the money comes in quickly, the trading platform works stably.
Hello everyone feel free to reach out to Mr barry on Barrysilbert540@gmail.com if you need help or guidance on how to recover your lost fund using good strategy and how profitable trades is been done. And also if you want to recover your lost funds using his masterclass strategy he can help you. I'm earning $10,250 weekly using his masterclass.. you can also reach him out on whatsapp +447508298691.
Advantages: well known company, no slippages, honest withdrawals
Disadvantages: not high quality of support team
Comment: I have had a great experience trading with HYCM, I opened my account with this broker 7 months ago, and validated my account within 24 hours of opening the account, I have so far made some profits on the platform, last week I withdrew $500 from my account through wire transfer with no issues at all. I recommend this broker.
Advantages: good conditions of trading, strong regulation
Disadvantages: didnt find any yet
Comment: all what they say on site appeared real. i like wide range of instruments, always online support line. my opinion is fully positive and based on what the company really does for its clients. i like to be one of them;)
Advantages: high leverage, low spreads, regulation of fca
Disadvantages: a bit long answering of help line
Comment: HYCM is a really good choice for those who are experienced forex traders who wants to minimize transaction costs and good for those who are interestend in CFD. i trade with currency pairs and eth. i really appreciate their all-in strategy: education, news, market, apps and so on. you have all what you need in one broker to be a succesful trader
Advantages: fair and usability
Disadvantages: no paypall
Comment: they provide really good service, partner programme, studing materials
Dear Vivien, Thank you for your feedback! We are glad you are having a positive experience with HYCM! If there is something we can help you with please reach out to email@example.com. Best regards, HYCM Team
what an awful technical mistake in comments! Sorry for being this wordy. Best regars, HYCM Team
Dear Vivien, Thank you for your feedback! We are glad you are having a positive experience with HYCM! If there is something we can help you with please reach out to firstname.lastname@example.org. Best regards, HYCM Team
Dear Vivien, Thank you for your feedback! We are glad you are having a positive experience with HYCM! If there is something we can help you with please reach out to email@example.com. Best regards, HYCM Team
Advantages: well known company, no slippages, honest withdrawals
Disadvantages: nothing distinguishing them
Comment: i have 2 profiles: real in hycm and demo on another platform. i didnt find any disadvantages of hycm yet so i will continue using them. they have fixed spreads and app for iphone
Dear HeyHey, Thank you for your feedback! We are glad you are having a positive experience with HYCM! If there is something we can help you with please reach out to firstname.lastname@example.org. Best regards, HYCM Team
Advantages: stable work, fair, fast payments
Disadvantages: not high quality of support team
Comment: nothing bad about work in total. hycm is for those who want to get money and is ready to work and study, analyze and study again. but their support team sometimes a bit slow.
Hi Kylie, Thank you for such a high rate! We are glad to hear you have a positive experience working with us! If there is something we can assist you, do not hesitate to contact us email@example.com Your sincerely, HYCM Team
Advantages: MT4, fast withdrawals, honest, fast help, mobile app
Disadvantages: didnt find yet
Comment: the site is rather usable, i like the way they work. i have 2 year experience and improved my capital from 340$ to 670$ - as for me this is a good result. I like the fast execution of trades and fixed spreads.
Dear Eurus, Thank you for your opinion! We are glad you are having a positive experience with HYCM! If there is something we can help you with please reach out to firstname.lastname@example.org. Best regards, HYCM Team
Advantages: Good services
Disadvantages: Nothing remarkable
Comment: If you think HYCM is going to be a favourite broker, you will be wrong. HYCM is just average in all ways and nothing is superb. Let’s see, spreads, good, sometimes spreads go up to 5 when things are hectic, and they can go to lows of 1.5. Some other brokers have better brokers with low as 1.2 like XM brokers. With Forex currencies, it is okay with like 50 of them, not bad. Other things like metals and energies are poor with only like 10 or 20. I don’t know about customer support but it is not a big deal. That is why I say they are not the best
I find this platform to be truly remarkbable. I have been working there for a very long period of time and the platform`s connection never frozen even one bit. Right now i am a succeful broker and i own it all to FXpro
Dear James, Thank you for your opinion! It is very important for us! We do our best to become better. If there is something we can help you with please reach out to email@example.com. Best regards, HYCM Team
Advantages: Not a good broker
Disadvantages: Slow execution, high slippage, slow withdrawals
Comment: I dont understand how this broker ended up on the top 3 when they are such a horrible broker. My problems are endless, and they started when I joined in January. Execution is poor and I always got requotes, and very high slippage during news time. By the way, slippage never went positive which should have been the first sign. Anyway, I still kept on going and made some profits, and that's when I noticed the execution times getting worse. I believe they are a market maker and don't want traders to make money. Finally, after a few weeks of trading I attempted to withdraw, and then more problems. Withdrawal to my bank account took almost a month, and I am sure my bank is not the problem because I have done withdrawals before. So I went to check out other review sites and found that the broker creates positive reviews to seem legitimate, but they are not. Everyone be cautious about HYCM, even if they seem to be a good company, they are very sneaky and you will probably lose your money.
Dear Tomas, We are sorry if you have had a negative experience with HYCM. If there is a specific issue that you have had, please contact our Customer Support so that they can assist you with this. They are available 24/5 via: - live chat (http://www.hycm.com), - e-mail (firstname.lastname@example.org), - or by phone + 44-208-816-7812. Additionally, you may also request a call back on our website: http://www.hycm.com. Best regards, HYCM Customer Service
Advantages: Reliable and trustworthy, MetaTrader, welcome bonuses
Disadvantages: Market maker, fixed spreads
Comment: They will tell you how they match your trades to other traders to avoid a conflict of interest, but I'm always suspicious of market makers. They are also not too welcoming to traders with smaller capital, and only those with more initial deposit get the benefits. I've still given 3 stars because they have good quality of service, and I'd love to join them when I have more to deposit, now it's just a demo account
Dear Anton, Thank you for your feedback! We are glad you are having a positive experience with HYCM! If there is something we can assist you with please reach out to email@example.com. Best regards, HYCM Customer Service
Advantages: Brand + trading conditions
Comment: Am happy to work with HYCM. Have an account there since they appeared on the Market. Support is always online, solving my issues, for now that is my 2nd broker. Before I worked with XM.com. Can say - that this one is Way more professional. Recommend!