All Customer Reviews & Comments about HYCM Forex broker

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.

Advantages: well known company, no slippages, honest withdrawals

Disadvantages: not high quality of support team

Comment: I have had a great experience trading with HYCM, I opened my account with this broker 7 months ago, and validated my account within 24 hours of opening the account, I have so far made some profits on the platform, last week I withdrew $500 from my account through wire transfer with no issues at all. I recommend this broker.

Advantages: good conditions of trading, strong regulation

Disadvantages: didnt find any yet

Comment: all what they say on site appeared real. i like wide range of instruments, always online support line. my opinion is fully positive and based on what the company really does for its clients. i like to be one of them;)

Advantages: high leverage, low spreads, regulation of fca

Disadvantages: a bit long answering of help line

Comment: HYCM is a really good choice for those who are experienced forex traders who wants to minimize transaction costs and good for those who are interestend in CFD. i trade with currency pairs and eth. i really appreciate their all-in strategy: education, news, market, apps and so on. you have all what you need in one broker to be a succesful trader

Advantages: fair and usability

Disadvantages: no paypall

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

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

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.

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.

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

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.

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

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!