Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

All Customer Reviews & Comments about HYCM Forex broker

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Albert Martino 06 August 2023

Advantages: Very solid offers from HYCM. I don't know what about you guys but if there is a broker whom you should trust it is hycm. And they are offering very competitive fees, spreads and everything. Platform is working very smoothly. And I want to mention the part about withdrawals and funding in the advantages because that is just blazingly fast and secure. I have never ever had a problem with money in hycm and I am sure you will not have as well.

Disadvantages: I am not sure if there are any. I mean there is no perfect thing of course but for sure I can not see something to say that it is a disadvantage. You can really try and make up some sort of unnecessary and useless disadvantages from nowhere but that is not how I consider the good review should look like.

Comment: In general, you can see from this review that I am satisfied with hycm and it is really and totally based on my experience with them.

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Markus Wurfel 31 July 2023

Advantages: Established company, possibility to invest in real stocks, MT platforms, any type of trading startegy is permitted;

Disadvantages: small amount of account types, no algo trading for fixed acount

Comment: Hycm is a renowned forex broker that has recommmended itself as a reliable mediator for any type of traders.
You can literally trade any trading style whatsoever, the broker welcomes scalpers, psitional traders or even algo traders.
It’s a great place to consider.

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Alphonse Pépin 28 July 2023

Advantages: + Good leverage + Quick execution

Disadvantages: Nothing to complain about

Comment: The leverage offered by HYCM is unbelievable - I've been able to make huge profits with just a small investment. I started with a small investment and thanks to the high leverage offered, I was able to make significant profits. It's amazing how much I've been able to do with a little capital. The minimum depo is a hundred dollars, which is little really.

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Trọng Lê 16 July 2023

Advantages: Reliable platform, favorable trading conditions and a variety of options.

Disadvantages: I can't name a single one. Some minor ones may be, but they are not worth your attention.

Comment: This broker has many advantages and almost no disadvantages. This is saying a lot.
I cannot force you to open an account with this company, but I can recommend it.

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Wojciech Kubiak 27 June 2023

Advantages: Live webinars, fractional stock buying, ability choose account types and platforms, so many forex pairs

Disadvantages: A bit high commission in raw account. Could be $1 per trade haha

Comment: There are too much to love about this broker. I am using a raw account and perfectly happy with the spreads.

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Pierre Roux 24 June 2023

Advantages: Intuitive platform, a comprehensive range of trading instruments, tight spreads and fast execution.

Disadvantages: I cannot identify anything specific to mention.

Comment: Overall, HYCM stands out as a top-notch broker with its exceptional trading environment, reliable support, and a strong emphasis on trader satisfaction. With HYCM, traders can enjoy a seamless trading experience and take their trading journey to new heights.

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biryatukiza ambrose 13 June 2023

Advantages: Good trading conditions and leverage

Disadvantages: No social trading

Comment: I have found HYCM to be a great platform for trading. The leverage offered by the platform is truly impressive and has allowed me to make the most out of my trades. No social trading though, but that is not a big deal because the broker hosts webinars and has other great features.

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Mike Fuhrmann 31 May 2023

Advantages: HYCM excels in providing competitive trading conditions with excellent execution. Their regulatory compliance and strong reputation inspire trust.

Disadvantages: -

Comment: With HYCM's impressive track record, I wonder how they continue to innovate and stay ahead in an ever-evolving market. Could someone with experience shed light on the company's withdrawal processing? Is it quick?

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Joseph Taylor 31 May 2023

Advantages: They offer so many languages, they have a respectable history in the markets.

Disadvantages: Need more assets, more platforms, more bonuses, cryptos, futures.

Comment: I don't think the platform is really bad, but I think they could work on it quite a lot to make it more competitive with the assets they offer, maybe some competitions and prizes. Because they can have so much more clients that way. So the main idea is, they are fine, but they can get a lot better.

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Salvatore Martini 27 May 2023

Advantages: Trustworthy and stable platform

Disadvantages: None observed

Comment: Hycm has a stable and efficient base making it possible for trades to be executed very quickly.

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Casimiro Arebalo 19 May 2023

Advantages: Trustworthy and Reliable; Strong Regulatory Oversight; Excellent Trading Conditions.

Disadvantages: Limited Cryptocurrency Offerings; Higher Minimum Deposit Requirements.

Comment: HYCM stands out for its trustworthiness and reliability in the market. Regulated by reputable authorities, it offers excellent trading conditions with fast execution and tight spreads. While the cryptocurrency offerings are limited, it compensates with a wide range of account types. Although the minimum deposit requirement is higher, the overall benefits make it an attractive choice for traders looking for a secure and professional trading experience.

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Alfonso saez 13 May 2023

Advantages: Trustworthy & Regulated Broker

Disadvantages: -

Comment: Regulated by multiple authorities, it offers excellent trading conditions and great liquidity.

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Jonathan Lee 29 April 2023

Advantages: Good reputation

Disadvantages: -

Comment: I looked for a totally reliable broker with a good history for a long time, believe me. Finally I found HYCM. They have an unquestionable amount of experience in the markets and tons of happy customers. I am gonna be here for a long time.

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Pietro Farina 02 April 2023

Advantages: Trustworthy

Disadvantages: None

Comment: I've been using HYCM for a while now and I'm happy with it. The platform is reliable and the customer support team is always there to help with any questions. With that many years of experience, you are sure to be a top dog in the industry.

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Enea Rossi 28 March 2023

Advantages: -

Disadvantages: -

Comment: I feel comfortable here, but I think they can add more account types with different parameters. For example, account for newbies with smaller deposit amount would be nice for beginners.

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Ethan Rizzi 12 March 2023

Advantages: top broker

Disadvantages: -

Comment: This one is definitely in my top-3 list of brokers that I’ve worked with. It is an all-purpose broker for any type of trading activity.
Scalping, swing trading, automatic trading with bots, everything is possible in great infrastructure.

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Cezary Konieczny 26 February 2023

Advantages: History and reputation

Disadvantages: No options trading

Comment: I do most of my transactions in the fx land here, haven't been disappointed yet. I think they are professional enough to know that they are obligated to provide execution without fail, and everything on the platform should work like a clock. Well, that's what is happening around here.

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Mauro Campos 20 February 2023

Advantages: -

Disadvantages: -

Comment: Considering the experience the broker has, I expected a lot more. A good broker really, but I expected it to be mind-blowing. But this is a trustworthy broker and that counts a lot in this industry.

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Julio Campos 08 February 2023

Advantages: - stable trading platfrom - nice amount of tradable assets

Disadvantages: - official website running slow sometimes - trading platfrom design could be more modern

Comment: I used to trade with some brokers before, but they were kind of dubious ones. I spotted HYCM somewhere in the internet and learned the information about it. It turned out this broker has been in the game for long. I like it. I think time is the best judge for companies. If it's a good one - it will be time-proven.
The most important thing: company provides a nice software. I already had an experience with Metatrader trading platforms and I like it. Maybe its design a little bit old-fashioned, but it is still effective.
Anyway, I had one question. Does company provide some live offline events?

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Tyler Evans 03 March 2023

Yeah, trading seminars are held offline. You can visit their site and see that they held events in Kuwait, for example.

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Max Pelletier 24 March 2023

As I remember, they did some offline seminars. If I'm not mistaken, they advertise such events on their official website. Watch for updates!

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Muhammed 03 February 2023

Advantages: account types

Disadvantages: -

Comment: see no covert or overt reason to scold this company for something. I trade here and still can't imagine that I'd be able to change it over.
the broker fully fits my requirements.

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Ronald Clark 28 January 2023

Advantages: -

Disadvantages: -

Comment: Even with so many services, I still don't understand why company don't have a proprietary trading platform. I am not against the Metatrader, but it could be so nice to have a branded platform from such nice company. Nevertheless Metatrader is doing its job and that's fine. Many traders like it.

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Edgar Cooper 17 January 2023

Advantages: Low fees, unlimited demo account for beginners

Disadvantages: No 24/7 customer support

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

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alban dupont 14 January 2023

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

Disadvantages: -

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

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jonathan Hofer 06 February 2023

Yes, as for reliability, HYCM is probably one of the world's top 5 most reliable brokers. This company has survived all crises.

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Gabriele Martinazzo 04 January 2023

Advantages: opportunity to trade with EAs

Disadvantages: -

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

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Harley Richards 03 January 2023

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

Disadvantages: Delays in the withdrawal of earnings

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

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Kam Jio Zhu 30 December 2022

Advantages: There is a good kit of trading accounts

Disadvantages: I actually haven't noticed big cons here

Comment: Overall, I want to share some thoughts on this company. I do know many traders pay a thorough attention to reviews as they want to dig as much information out before getting down to real business. It's okay.

HYCM company is a diverse one. Besides various services for trading and investing, it also promotes its partnership programs as far as I know.

Concerning trading conditions, then there is a solid number of trading accounts that really vary. Plus, the ability to trade with robots can help skilled and unskilled clients to find out more about algo trading.

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HectoR 27 December 2022

Advantages: -

Disadvantages: -

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

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siim K 17 January 2023

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

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Jago Fabbri 15 December 2022

Advantages: Different types of accounts, webinars, platform

Disadvantages: NO

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

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Tarun Tara 13 December 2022

Advantages: tremendous background, massive educational resources

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

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

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EHolmgren 20 December 2022

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

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MFortin 30 January 2023

All you need to do to attend the webinar is to sign up and book a seat. And youtube is free, so... there. Makes no point to pay for a webinar that will be later made available on youtube.

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Raphael Mcdonald 12 December 2022

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

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

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

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Nawf Akram 09 December 2022

Advantages: Quality and reliability

Disadvantages: -

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

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Michael Robson 28 November 2022

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

Disadvantages: The withdrawal process is sometimes delayed Deposit bonus

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

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Finn Werner 23 November 2022

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

Disadvantages: None for me

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

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Ashley Hamilton 16 November 2022

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

Disadvantages: No

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

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Ian Laguna 30 October 2022

Advantages: regulation, trading platforms, wide range of assets

Disadvantages: haven't spot one

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

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Felipe Pastor 07 December 2022

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

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Satwant Soti 29 October 2022

Advantages: narrow spreads with low commissions, expert advisors

Disadvantages: decreased amount of stocks for mt4

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

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Vratislav 22 October 2022

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

Disadvantages: Small leverage with some branches of the broker

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

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Jake Gaffney 18 October 2022

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

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

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

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Michael Senn 14 October 2022

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

Disadvantages: haven't spot one yet

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

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Toivo Ilves 14 October 2022

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

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Franck Lussier 26 October 2022

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

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Riccardo 11 October 2022

Advantages: account types, client support, regulations

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

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

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Edgar Dittman 04 October 2022

Advantages: Modern trading service Own software Stable operation of the terminal Convenient mobile application High-quality technical support work Analytics and training There are no problems with the withdrawal of earnings

Disadvantages: Technical failures

Comment: I've seen a lot of ads from this broker. In fact, there is nothing outstanding in this company. I opened the demo here first. The demo account gave me the opportunity to polish my strategy a bit. When registering for the demo, you will receive 10,000 rubles. If you test correctly, then the amount will be enough to understand what's what. The demo allows you to earn virtually, but in real life everything will be more difficult. After all, the demo 100% twists your result into a plus. In real life, I noticed platform freezes, and it seems to me that there are manipulations with assets on the part of the broker. But if you still earn something, then the money will be withdrawn. The conclusion is not fast, but there is for sure. I checked it myself. By the way, it will not be possible to withdraw less than 10 bucks, such rules.

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Qagmun 20 September 2022

Advantages: Reliable company

Disadvantages: Minimum deposit size

Comment: I understand that minimum deposit size will not allow beginners to lose all their money due to lack of experience. But for experienced traders like me, it is not always convenient. Otherwise, all broker's trading conditions are excellent!

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Mats Grove 14 September 2022

Advantages: regulations, lots of crypto, scalper friendly.

Disadvantages: I would like to have bigger leveraeg, at least on currency pairs.

Comment: I used to always trade with high leverage, but those were not so prominent brokers like hycm. So I guess moderate leverage is a good thing.

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Ellery Davidson 12 September 2022

Advantages: Convenient trading terminal Intuitive website Low entry threshold Huge selection of accounts High leverage

Disadvantages: There is no license of a reliable regulator

Comment: Well, I've certainly never actually written a review before but today I just felt like doing it. I really wanted to reduce the amount of time I spend on trading. It must have taken me half a day, or even more, every day to make something on my own. All in all, it took so much nerve, it was just kapel. I searched for a long time, but I did not dare, and then I decided to try. At first I have connected to only one trader. But having browsed through forums, I came to the conclusion that I advised people to choose several traders at once. I connected two more traders. In general, I have achieved what I wanted - reduced time for trading, while the end of the month was even better than when I traded by myself (well, this is an average, if you take it as an indicator). I used to withdraw about once or twice a month, now I want to try not to withdraw for half a year and increase deposit if possible. The broker seems to be already proven, such trust should be justified.

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Duccar 06 September 2022

Advantages: - A regulated broker; - Trading accounts with floating and fixed spreads

Disadvantages: - Some broker’s branches offer decreased leverage

Comment:
This broker suits me. Here I found what I needed. I mean the required trading account. I want to ask one question. I’m interested in trading on one account together with another person. So, I need a joint account? Is it possible to open it?

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Louis Deparrois 10 October 2022

Yeah, YCM broker is a modern one, thus it provides an opportunity to open joint account and share it with someone else. I don't really know whether this idea is cool, because you should really trust a person in order to use one account for trading purposes. If you want to create a joint account, you have to contact customer support service and ask them about the whole process. They respond pretty quick, so you will not have any issues I guess.

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Edu Vieira 11 November 2022

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

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Edward Baker 19 July 2022

Advantages: Trading platforms variety, regulation

Disadvantages: Haven't face during usage

Comment: So nice HYCM has Metatrader 5 along with Metatrader 4 trading platform. I wanted to try, but wasn't sure if I like it and now have a chance to get back to MT4

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Marco Braun 08 September 2022

Many traders who have experience with MT4 don't get along with MT5. In this regard it is really good HYCM provides both of them.

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Callum Kelly 12 July 2022

Advantages: Favorable terms of cooperation Platform reliability Affiliate program and demo account No deposit required Zero deposit fee Commission only for the first withdrawal A trader can trade currencies, cryptocurrencies, indices and commodities

Disadvantages: Missing license Slips and requotes

Comment: The broker decides what conditions to set for him, and the trader decides whether to agree or not. Everything is fair. I've agreed to open up and I don't resent it. Outraged only by the obsession on the part of managers. Calls, named, ringing - gets specific. I asked them not to call, they began to call much less often, but they still call. On the other hand, if I have any questions, then everything is solved quickly by calling. By the way, I had questions a couple of times on the technical side. Regarding withdrawal, trading, etc. - there were not even any questions.

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Corentin Royer 11 July 2022

Advantages: Excellent trading platforms and wide range of financial instruments

Disadvantages: I don't think this broker has any disadvantages

Comment: Let me give you some advice. You can check brokerage service quality on demo account if you doubt my words.

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Tranter 08 July 2022

Advantages: Safety of funds

Disadvantages: instruments’ fees leaves much to be desired

Comment: For sure, a very secure forex broker with years of experience. However spreads could be more competitive to match the solid reputation.

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Stephen Matthews 07 July 2022

Advantages: Ample opportunities for education Educational videos and webinars More than 2000 trading instruments

Disadvantages: None

Comment: They have integration with tradingview, I use it to monitor charts, quite convenient. And recently I contacted support and was told that there is also one with metatrader. A real-level platform. I recommend it. Guys, add more assets that you can trade with. And so everything is fine with the withdrawal, there have never been delays. I use both a card and a crypto wallet.

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Miguel Brito 06 July 2022

Advantages: several types of account, tight spreads

Disadvantages: didn't find real drawbacks

Comment: generally, the broekr is comparatively cool. can't complain about something. everything works liek a clockwork.

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Paolo De Santis 28 June 2022

Advantages: As for advantages I would note the fact that this broker offers several main types of accounts which are diversified according to their special features, for example, fixed and classic have 100$ initial deposit, Raw one - 200$. Moreover, education is a real bomb!

Disadvantages: Frankly speaking, didn't notice any drawbacks. Trading here for couple of months and still everything is okay. The only thing probably - requires. I faced one requote when tried to open a position and it was kinda weird for me, but think that it's just a small issue and nothing serious.

Comment: Generally, I described everything above but I can state that trading with hycm broker is awesome.
1. As for the intraday traders the conditions here are cool: floating spreads (just pick the right time for trading in case you like me are fraid of high volatility), fast platform, no delays, no bugs.
2. Strong educational center, if you understand that your knowledge in trading are far from the perfection, then you can always apply to learnign center here and read FAQ section where everything is described in details.

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Tanggang 18 July 2022

I agree that this broker offers universal trading conditions and excellent opportunities to learn how to trade in financial markets. It means that experienced traders who already have strong trading strategies, as well as traders who are just learning to trade, will feel comfortable with HYCM. Yes, every trader can choose most suitable trading conditions by choosing trading account. When I was beginner, I used all available options. HYCM offers really enough.

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Thorsten K. 24 July 2022

You've described this broker quite detailed. I would state also that there is an opportunity to get a VIP account, but, honestly, it's super tough. You must have huge volumes and it requires trading day'n'night.

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Milnik 15 June 2022

Advantages: several types of account; regulated broker, have licenses; lots of educational materials

Disadvantages: fixed account - don't like such ones, prefer floating spreads

Comment: Generally, I allocated everything I wanted above, but wanna state a bnit concerning fixed account. Perhaps, it may be useful for a particular group of traders, for example, those ones who don't understand such things as spreads, pips and so on, who just want to open deals and receive income.
I prefer floating spreads only, because I am a scalper, precisly, a bit fond of scalping... The broekr offers quite a complex and full educational base for those ones who haven't faced trading activity before.

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Rendstirr 07 June 2022

Advantages: several types of account; cool spreads; awesome customer support

Disadvantages: didn't notice yet

Comment: Generally, I allocated that I didn't notice here any disadvantages, but for me "disadvantage" is a strong word... I can underline the small requotes sometimes... I faced them two times for couple of months and I ain't consider this as a real flaw. In my opinion, everything that this broker offers prevail over all these requotes and such things.
I try to underline only positive things, cuz' when you pay attention to positive things - you are twice happier =)

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Kian Cooper 01 June 2022

Advantages: High-quality technical support in 5 languages 20,000+ active traders Multiple tariff plans Table of market information on the website

Disadvantages: There are failures in the terminal Deposit and withdrawal fees Slippage and unstable spreads

Comment: The minimum amount of replenishment of the account is low, which is very convenient, you can use both a card and a bank transfer for replenishment.

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Krzysztof Zalewski 19 May 2022

Advantages: *classic metatrader 4 and 5 trading platforms; *range of markets; *informative education platform;

Disadvantages: *expensive minimum deposit; *numbers of trading instruments; *design

Comment: Definitely I can recommend this broker to everyone looking for a stable company with suitable trading conditions. It is well registered and regulated and has all needed markets, instruments and tools for successful trades. For 2 years of trading I have had a positive experience with this broker.

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Mika Schumacher 12 May 2022

Advantages: Oh, it certainly is wide range of ways to deposit and withdraw from accounts! I can choose fastest way and withdraw my earnings without any problems.

Disadvantages: Hmm, problem for me is choosing account =) I think they all fit my trading plan. Can't make choice...

Comment: I think it's reliable broker. Trading conditions and service can meet desires of most traders. In any case I stay with HYCM.

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Duarte Sousa 10 May 2022

Advantages: The first and most interesting is an affiliate program that allows clients and partners to make money together. In the second place, I would put the number of markets that I can use in my trading scenarios; it is not much, but it's liquid instruments so that you can make money with - forex, stocks, commodities and indices. From my trading years of experience, I can surely say that metatrader is one of the best trading platforms. You can automate your trades and control them even from a mobile app with an expert advisor. Another fact is that company was founded a long time ago. With clear registration and regulations, it makes this broker stable.

Disadvantages: We all want to trade crypto instruments at least to try it. The main idea pf investing said about asset allocation, so it is better to more of it. HYCM trading accounts divides into 3 different types. A minimum deposit for each is a kind of expensive, but in the same way investing should come from free money.

Comment: All in all, I can recommend this broker to anyone for a majority of reasons. It is strong broker with pleasant trading conditions.

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Sigmund Auer 25 May 2022

I can call HYCM trading experience everything but expensive. $100 for a broker with decades of history behind its back, strict regulative conditions, free payment processing. As for me it’s a good deal. Trading conditions everyone can choose for himself, but in general, as an established broker HYCM is on the top.

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Mattia Martinelli 17 June 2022

Wow... You have described everything in details. I like it. In my opinion, such reviews are worth being read by people... Traders sometimes are super lazy but in this case I'd certainly advise them to read the reviews, because hycm broker really contains tons of features whoch simplify trading processes.

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Charles Read 03 May 2022

Advantages: Ease of use of the service Reliability and transparency of work Cooperation with many well-known forex brokers Profitable affiliate program Analytics and training Free use

Disadvantages: None

Comment: I have been making money on forex for 5 years. And all these years I have been dealing with only one broker. It would be impossible in principle if what is written in some reviews was at least a little like the truth. I am satisfied with everything, or almost everything, if you take into account minor details. And what can I not like here? The platform is super, spreads are acceptable, trading conditions are better than in other similar companies. And most importantly — they give money away! I order withdrawal not very often, about once a month. And after 5 days, the balance receives a message from the bank about an increase in the balance on my card.

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Halmar 30 April 2022

Advantages: Broker with a lot of trading opportunities. Here I note some key features: registration and regulation by global and international institutions old time broker winning award for custom and tech services trading platforms mt4/5 100$ minimum deposit available instruments like forex, metals, gold and silver, energy products oil and gas, commodities, indices and stocks

Disadvantages: leverage size spread size customer support 24/5

Comment: No matter how good or bad your broker most important how good you as trader. Your trading professionalism show your statistics and how can you follow your own rules.

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Ange Giraud 25 April 2022

Advantages: Regulated by FCA & CySEC

Disadvantages: I want bigger edu section

Comment: I would like more quality analytics with an analysis of the successful points to enter the market, taking into account the current situation. But everything here suits me fine. Good and varied conditions for trading. most importantly, hycm withdraw the money without delays. By the way,did anyone tried to scalp here?

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AAgami 13 April 2022

Advantages: Definitely spreads.

Disadvantages: The platforms are MT only.

Comment: Now let's break it down in a more reasoned way.
Having three types of spreads is pure delight! It's the first time I've seen this and I didn't think that changing spreads (in my case settled on raw and a small commission) could be so meaningful for you.
Regarding terminals I probably have a personal dislike towards MT, it suits the trading, but it reallt old fashioned.

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John Kelly 07 April 2022

Advantages: - first of all i check registration and regulation. all good - broker has multiple global awards. it means that company is competitive - different spreads depend of account type - mobile trading with metatrader 4 and 5

Disadvantages: - educational forex platform - calculator might be more advanced

Comment: One of the oldest broker companies that I use for a lot of years and I have no problem with it. Here I added my experience notes. It's my opinion, so don't look at it as one truth.
So far so good. If everything goes in the right direction sometimes it's better to change nothing :)

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Tyler Carpenter 05 April 2022

Advantages: Broker's entry into world markets The possibility of mobile trading Unlimited duration of demo account Multilingual customer support Multiple trading platforms

Disadvantages: -

Comment: We attracted normal trading conditions and the presence of a regulator in the broker. As a result, I opened a cent account with him first, and then a classic one. I have been cooperating with the company for a couple of years. During this time, there were no special problems with her. I continue to use the cent account to test strategies. But not so long ago I had an unpleasant moment regarding the delay in withdrawing money from the account. The application was processed in a couple of hours, but the money went for about a week.

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Stalorm 27 March 2022

Advantages: The special form helps you determine the type of account that would suit you most.

Disadvantages: Pretty wide spreads on Fix account

Comment: So, I liked everything despite spreads on fixed accounts. Anyway, I hope I will earn some money and certainly change it over because it's used by rookies majorly as far as I am concerned. Are there any traders who trade on the Raw account? Do you like it?

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Michele Ferretti 21 April 2022

I try all of their account and according to my trading style I need small pips spread so I stay with raw account and Im happy.

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Kelvin Barnett 22 March 2022

Advantages: several types of account is a real advantage for me.

Disadvantages: low leverages available for trading on various assets, crypto is just 1:20, it's not thatb much!

Comment: Despite all the drawbacks and advantages, I can state thath i will certainly remain with this broker. I always ask customer support team about various things which are considered to me pretty vital in trading. They politely answer my questions.
I believe that brokers can affect the mood of traders. Bad mood make you losing funds. Being calm is the main thing for being successful in trading. Don't underestimate the broker impact on trader. Choose wisely.

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Intentis 22 March 2022

Advantages: Good educational section, more than 40 years on the market

Disadvantages: Not enough analytics on the site

Comment: About hycm I can say that the reliability of this broker does not cause any doubts.
I myself use mobile trading via iOS, everything is set up, I do not see any difficulties. The chart, orders, speed of execution correspond to the desktop version, there are all the necessary indicators. Support is very responsive and very competent...

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William Johnston 16 March 2022

Advantages: Official regulation, decent reputation, mt4, mt5, fast order execution, no commissions

Disadvantages: Spreads are a little bit high

Comment: I switched to hycm recently and I am pretty happy about my current experience because of the fact that now I don't have such a headache related to the stability of the broker and consistency of the trading platform. Right now I can concentrate on trading solely without thinking about how to solve this or that problem which may take place during the trading process. It is of great importance for me as I already started to notice that my trading results have improved pretty much. Surely, the maitanance of the service of such a great quality is not free of charge, so that the spreads are a little bit high, but they are still competitive.

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Jake French 01 March 2022

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: I chose the company because of the large number of currency pairs, scripts. The presence of a regulator also captivates. Thanks to this, many nuances have faded into the background. During the work, I managed to check how funds are withdrawn. I can say that quite quickly - two days have passed since I submitted the application — the money came to the card. I want to note the convenience of trading on the news. Spreads, of course, are not the smallest, but there is no special expansion at the peak moment of the news. This is a plus, because you can easily plan a strategy, even when the market is very volatile.

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Jayde Bosch 26 February 2022

Advantages: Official regulation, mt platforms, different account types, top-quality customer service

Disadvantages: None

Comment: Hycm is an awesome broker which has multiple official regulations and supports mt4 and mt5. I also like the fact that there are different types of trading accounts which suit well to different trading styles. So, in order to determine which account is suitable for you, you can go through a quiz and understand what the best option for you is.

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Swordshaper 23 February 2022

Advantages: I noticed here plenty of promotions and interesting conditions towards bonus system.

Disadvantages: The customer support team responses pretty slow, moreover, as far as I am concerned it doesn't work on weekends.

Comment: When I firstly met this broker I decided to start off from demo account here. FXCC Demo really deserves to be tested by new traders. Actually, there are all the conditions which are directed to the development of basic skills. Novices have to pay attention to the demo account because it helps to understand the base rules of trading. Remember that it's important to combine demo trading with theoretical learning in order to get the maximum result.

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Omar Bail 22 February 2022

Advantages: Many regulations and licenses; Metatrader 4 and 5; account with raw spreads; high leverage.

Disadvantages: I didn't find a lot of tutorials.

Comment: I've been trading here not very long, so I don't understand a few things yet, but I'm sure that I've chosen the right broker.
I have already made some money and I want to ask: What is the best withdrawal method to use? I need it to be fast and safe.

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Ramon Hidalgo 28 March 2022

broker offers plenty of payment methods for withdrawing and depositing funds, it's kinda tough to underline the fastest way actually. It depends on the payment system but not on the broker... According to general rules of this broker, then HYCM processes your withdrawal request within 1 business day, withdrawals can take 3 to 7 days to reach your account depending on your bank or credit card company. You better ask support team to be sure.

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Feroz Lanka 10 February 2022

Advantages: Floating and fixed spreads Regulation

Disadvantages: No bonuses

Comment: It’s hard to classify this broker as low-fy bcz it’s a true old-fashioned dinosaur of the industry. It also allows to choose between fixed and floating spreads.
I generally welcome this broker. I even opened an ECN account here, but I lack bonuses. They are an essential part of my money management. I hope they will add some promos in future.

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Adam_Svisreg 07 February 2022

Advantages: mt platforms, wide choice of assets to trade, satisfactory trading conditions, fast withdrawals

Disadvantages: I haven't noticed any serious drawbacks

Comment: Before choosing this broker I read so many different hycm reviews which were pretty contradictory to each other, so I made up my mind to pay my attention to the objective facts. First of all, hycm has many official regulations. If I got it right, regulation means a certain warranty that your money is safe on your trading account and the broker doesn't cheat its traders with the actual informatio about the market. I've learnt that it is pretty difficult for a broker to get regulated because it needs to meet so many requirements at a time. Hycm has four official regulation which confides trust.
Trading conditions are fine for me. I like the fact that the broker supports mt trading platforms. I feel that I am not the only one who got used to mt4 and I don't want to change my trading habits and keep on trading the way I used to trade. This fact made the whole process of switching to the new broker really smooth.

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Isaac Bennett 02 February 2022

Advantages: Support service in popular messengers: Skype, Viber, Telegram, Whatsapp and Facebook A convenient mobile platform that is one of the best Protection against negative balance

Disadvantages: Missing cent account

Comment: I want to note the convenience of trading on the news. Spreads, of course, are not the smallest, but there is no special expansion at the peak moment of the news. This is a plus, because it is easy to plan a strategy, even when the market is very volatile. Deviations from the initial spread value are minimal.

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Hugo de Keijzer 26 January 2022

Advantages: Fixed and floating spreads Regulation An attractive affiliate program

Disadvantages: Metatraders only

Comment: I chose this company for two reasons. First, it offers a trading account with fixed spreads and it’s very good for my night trading. Secondly, many traders adviced me the company as the one that has rare slippages.

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Enzo Ribeiro 12 January 2022

Advantages: Three types of spreads.

Disadvantages: Education.

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.

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Harry Vitale 08 January 2022

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.

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Elliot Slater 06 January 2022

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.

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Shawn Hurst 04 January 2022

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.

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Fabrizio Negri 29 December 2021

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?

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Swenker 25 December 2021

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.

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Davis Valentino 10 December 2021

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.

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Andrew Wood 21 January 2022

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.

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Joseph Guillot 06 December 2021

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.

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Leo Parker 01 December 2021

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.

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Christopher Wagner 30 November 2021

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.

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Anduric 28 November 2021

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?

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Mathew 23 December 2021

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.

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Toretod 08 November 2021

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.

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Freddie Turner 07 November 2021

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.

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Agomond 28 October 2021

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.

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Aiser Manef 23 October 2021

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

Disadvantages: None

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.

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Louis Benoit 19 November 2021

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?

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Pacifico Longo 18 October 2021

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.

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Shyam Shakya 09 October 2021

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!

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Julian Zimmermann 27 September 2021

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.

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Damian 21 September 2021

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.

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Fernando Chandler 16 September 2021

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.

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Ermolaos Ouzounidis 11 September 2021

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.

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Werner Kopp 03 September 2021

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

Disadvantages: None

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.

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Larry M. Harrison 30 August 2021

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.

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Kamil 29 August 2021

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

Disadvantages: None

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.

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Dipityre 24 August 2021

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!)

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Kevin Vincze 16 August 2021

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.

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Samu Penttila 15 August 2021

Advantages: -

Disadvantages: -

Comment: What should I pay attention to while choosing account type?

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Dogul 05 September 2021

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.

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Edward Cox 07 August 2021

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!

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Jaanus Kallas 26 July 2021

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.

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Bruno Figueiredo 22 July 2021

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!

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Leonard Olaru 16 July 2021

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.

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Andrew Ellsworth 28 June 2021

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.

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Jannik Schmitz 21 June 2021

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.

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Krishna Magagas 14 June 2021

Advantages: .

Disadvantages: .

Comment: I am wondering how to choose the right trading platform for a HYCM broker?

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Ricardo Vidal 06 July 2021

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.

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Thomas Hernandez 04 June 2021

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.

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Adrien 27 May 2021

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.

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Bertrand Bailly 19 May 2021

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.

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Alex Melnikov 09 May 2021

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.

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Inocentiu Pasca 05 May 2021

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!

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Masanuna Tasanima 29 April 2021

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.

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Rafiks Vilchinsh 23 April 2021

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.

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Zant 15 April 2021

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?

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Tankred 01 June 2021

Yes, the broker allows to open such an account.

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Sagyndyk Zhiger 13 April 2021

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.

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Brower 05 April 2021

Advantages: Regulation.

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.

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Algoros 31 March 2021

Advantages: Multi-regulation.

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?

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Jip Molenaar 17 May 2021

Metatrader is compatible with MacOS.

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Yen Yen 25 March 2021

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.

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Giga Gogitidze 21 March 2021

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.

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Kyrmyzy Nysynbay 15 March 2021

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.

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RedBlack 12 March 2021

Advantages: Regulation.

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.

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Verd Durin 03 March 2021

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.

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JSky 27 February 2021

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.

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Picardin 24 February 2021

Advantages: Regulation.

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.

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Derick Okumu 19 February 2021

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.

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Javed Bhai 17 February 2021

Advantages: N/A

Disadvantages: N/A

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.

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Cothris 17 February 2021

Advantages: *

Disadvantages: *

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.

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Julius Matveev 30 January 2021

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.

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Petr Zelena 25 January 2021

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.

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Glaridont 21 January 2021

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.

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Pavel Petrichko 17 January 2021

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.

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Gerash 27 December 2020

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.

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Clay Davidson 23 December 2020

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.

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Oliwier Piotrowska 18 December 2020

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.

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Andres Font 16 December 2020

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.

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Amos Patrick 10 December 2020

Advantages: Normal trading platform.

Disadvantages: Analytics.

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.

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Leslie Mendez 09 December 2020

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.

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Aziz Al Khantushi 30 November 2020

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.

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Mobios 23 November 2020

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.

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Noel Tanguy 19 November 2020

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.

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Alfred Fogel 16 November 2020

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.

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Tuan Dan 09 November 2020

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.

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FarRacer 30 October 2020

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.

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Sumor 25 October 2020

Advantages: /

Disadvantages: No

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.

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Vastas 21 October 2020

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.

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Paxonic 14 October 2020

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.

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Benjamin Reuter 25 September 2020

Advantages: .

Disadvantages: .

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.

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Sonny Nitzsche 21 September 2020

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.

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Hinrich Meißner 15 September 2020

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...

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Pat Quinn 13 September 2020

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.

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Louis Deschamps 08 September 2020

Advantages: .

Disadvantages: .

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.

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Bert Geyer 04 September 2020

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.

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Periwield 31 August 2020

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.

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Janus Trader 26 August 2020

Advantages: Fast execution, no slippage

Disadvantages: None

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.

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Riverkroll 26 August 2020

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

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Armin Glaser 23 August 2020

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.

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Collin Ledoux 16 August 2020

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.

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Rawnt 16 August 2020

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.

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Owen Tromp 14 August 2020

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.

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Achim Hartmann 30 July 2020

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.

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Roger Ferreira 28 July 2020

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.

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Sergios 21 July 2020

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.

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Povi 15 July 2020

Advantages: Fast execution, regulated

Disadvantages: no

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.

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Zaneilvi 14 July 2020

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.

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Tele 26 June 2020

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.

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Palacenz 15 June 2020

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.

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Martin Ing 03 June 2020

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

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Akirnat 23 May 2020

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.

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Kigabei 05 May 2020

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.

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Mark Frossi 12 July 2018

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.

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Alyx Per 14 June 2018

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.

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Noah M 08 May 2018

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;)

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Alexandriana Locks 20 April 2018

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

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vivien 29 March 2018

Advantages: fair and usability

Disadvantages: no paypall

Comment: they provide really good service, partner programme, studing materials

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HYCM Team 17 April 2018

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 protected]. Best regards, HYCM Team

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hey hey 19 March 2018

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

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HYCM Team 17 April 2018

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 [email protected]. Best regards, HYCM Team

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Kylie 15 March 2018

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.

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HYCM Team 17 April 2018

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 protected] Your sincerely, HYCM Team

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Eurus Michigan 02 March 2018

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.

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HYCM Team 17 April 2018

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 [email protected]. Best regards, HYCM Team

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James Gladwell 12 July 2017

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

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HYCM Team 17 April 2018

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 protected]. Best regards, HYCM Team

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Tomas 30 May 2017

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.

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HYCM Team 17 April 2018

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 ([email protected]), - 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

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Anton Danilenko 26 April 2017

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

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HYCM Team 17 April 2018

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 protected]. Best regards, HYCM Customer Service

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Jorge D. 31 January 2017

Advantages: Brand + trading conditions

Disadvantages: None

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!

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.