All Customer Reviews & Comments about HYCM Forex broker

Advantages: Different types of spreads.

Disadvantages: No education.

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

Advantages: Cybervenom6

Disadvantages: Nil

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

Disadvantages: Low leverage with some EU branches of the broker

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

Advantages: regulated, a lot of reviews among the web

Disadvantages: not the best education

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

Advantages: Analytical tools.

Disadvantages: Restrictions on the amount of withdrawal.

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

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

Disadvantages: No bonus promotions

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

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

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

Comment: I've been trading here recently.

Advantages: regulated, long history, nice reputation

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

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

Advantages: Normal trading platform.

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.

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

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

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

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

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

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

Advantages: MT5, education, stable

Disadvantages: slippages sometimes

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

Advantages: Different spreads. Help desk.

Disadvantages: Delays in withdrawal occur.

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

Advantages: .

Disadvantages: .

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Advantages: Reliability A good choice of financial instruments

Disadvantages: No alternatives to Metatraders

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

Advantages: regulated, with good reputation

Disadvantages: no copy-trading

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

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

Disadvantages: No bonus promotions

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

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.

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

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

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

Advantages: Regulated, education, tight spreads

Disadvantages: slippages sometimes

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

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.

Advantages: 3 complete, various account types for trading; long, fascinating company history

Disadvantages: Not the most favorable conditions for cryptocurrencies trading, I've seen better)

Comment: Personally, I found only one small flaw. Otherwise, the brokerage is very good, it is more than profitable to trade with it.

Advantages: Low fixed spreads from 1.8 points.

Disadvantages: No passive format of trading.

Comment: When you only see this company's website for the first time or read hycm reviews, you are very surprised. Why? Because everything looks too normal. Yes, it's strange, because any trader is used to the fact that in such companies there are always some nuances that do not allow a person to act in complete freedom and in safe conditions. I honestly didn't believe in it either. But the practice in this company for two years allowed me to make sure that everything is really OK here. There are good conditions for detailed technical analysis, there is an analytics and other data on fundamental analysis, and money is withdrawn in one or two days. What else do you need for your happiness? And one more thing. There are very good managers in the support team. They always respond instantly to my questions, so I can be sure that even at the weekend I can solve any question in a couple of minutes...

Advantages: Different types of spreads.

Disadvantages: Webinars are shown rarely.

Comment: When I read the hycm reviews I was somehow not very impressed because I was interested in passive methods of working in the market. But eventually I realized that I just can't help but control my money and I have to work on my own. It was after that I decided to go back to this company, because there are (as it turned out) more than just good conditions for work, because there are two quality trading terminals with wide functionality for technical and fundamental market analysis. And when I started to study it, I immediately started working actively on demos, almost every day. And gradually I noticed that the results are getting better. My only wish here is for the company to create more webinars, I really like them.

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.

Advantages: I really like the fact that HYCM is safe to trade with as it has regulation. This means that I can not worry about my deposit, but just enjoy trading. Of course, without good trading conditions it's not possible (as for me). But even here HYCM didn't let me down)) A broker has a choice of account types with different trading conditions, a lot of assets to trade with, and fast order execution speed. I'm more than satisfied with this.

Disadvantages: In many hycm reviews that I have read, users wrote that it is difficult to choose an account type. And for this purpose you can find a special test with 5 questions on the broker's website. The idea seems to be cool, but I have made sure that you can't blindly trust the results of this test. You need to think a little more on your own about whether it will be profitable for you to trade on a particular account or not.

Comment: Of course, the advantages are much more than disadvantages. I've seen a few other small flaws in brokerage work, but they didn't mess up my trading, so it is irrelevant to write about them. Working with HYCM is nice, it's a professional broker.

Advantages: Low commissions.

Disadvantages: Rare webinars.

Comment: There are different types of spreads and tools for calculations. But I would be glad if there were more training options.

Advantages: Fast execution, no slippage

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.

Advantages: regulated, with affordable spreads, good reputation

Disadvantages: no social trading

Comment: brokerage is good overall, but there's no social trading and that's the problem

Advantages: HYCM has quite an interesting and long company history. Therefore, in terms of experience, it is much "stronger" than the brokers I worked with before. It is also very cool that a broker gives a variety of choices in the type of accounts. It's not just that there are several accounts to choose from. It is also the fact that the trading conditions between them can differ significantly. It seems to me that this is an interesting approach, as traders have more freedom in their choice.

Disadvantages: But the reverse side of the diversity in the accounts types is that it's very easy to get lost, because you don't know which one is best for you. Although the broker has a test on its website, which determines what type of account will work for you. But personally, my choice didn't work for me, I realized it later. So that's problems.

Comment: I've wanted to write my hycm reviews for a long time, because I like the brokerage. It's a pleasure to work with it, and obviously it has much more advantages than disadvantages. If you don't pick on the broker much (as I do), you may not find any cons at all.

Advantages: Clear terms of cooperation, regulation.

Disadvantages: High fixed spreads.

Comment: A familiar forex broker with familiar conditions. It's simple, no surprises. No passive formats for work. We'll have to figure it out on our own. There are no other ways.

Advantages: High spid trades execution, multiregulated, long history

Disadvantages: No US clients, spreads are high sometimes, you can't choose the legal entity

Comment: There are several legal entities here. Some are regulated by really goodworthy bodies, like CySEC. However, some of them are offshore regulated companies. The legal entity with which you will trade does not depend on your choice, it depends on your country of residence. I don't think that's a very correct approach. However, in general, the broker is very good and I like it.

Advantages: HYCM has several advantages that other brokers don't have. For example, due to the fact that a broker is on the market for a realyyyy long time, it has high enough standards for the quality of its services. The broker is very careful about the execution of orders, and performs them quickly and almost without slippages.

Disadvantages: Although a lot of beginners write about how convenient the test for choosing the type of account for HYCM is, I don't quite agree with this. Personally, this test didn't work for me, so I don't understand why so much attention is focused on it. The broker has other flaws, but they aren't very significant and don't interfere with trading.

Comment: Overall, this is one of this positive hycm reviews. A broker sure knows how to handle its clients properly, and I like that about it.

Advantages: Normal trading terminal, many indicators.

Disadvantages: Few analytics

Comment: When you choose the path of a trader you face many moments, which are unexpected for you. And you need to cope with it and do something to adapt to new and unusual situations. I find that relevant and interesting. And that's the test you need to pass to test your strength. Of course you have some support here, if you have a normal brokerage company. And I think I found it in this company that cares about its clients, about its reputation. And it provides a normal amount of services so you can try different formats. It's good for me that you can work with different spreads here. Before this company, I didn't think raw spreads would suit me. And the presence of two trading terminals, which differ in accuracy and a competent set of tools for analysis.

Advantages: Regulated, tight spreads, a lot of assets

Disadvantages: I se nothing

Comment: Just good brokerage. I see no point to add something, as I think that most traders can test it on their own.

Advantages: Different types of spreads, spreads are quite small - from 0.2 points (depending on the type).

Disadvantages: The training materials are good, but there are very few.

Comment: In fact, recently I was asked about why I chose this brokerage company and what are the most interesting features. And I couldn't name anything specific, because there are no specific services, etc. But if you are a classic trader, then you will get access to most of the current tools for analysis, there are detailed news reviews, economic calendar, etc. So, you can work here without any problems.

Advantages: Fast execution, regulated

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.

Advantages: Regulated brokerage, good reputation, tight spreads

Disadvantages: Only metatrader

Comment: In general, I'm very happy trading with this broker. Firstly, HYCM has a really impressive list of regulations that deserve attention. FCA and CySEC regulations make this brokerage one of the most reliable in the whole industry. Secondly, it has related services such as training and trading signals. Every good broker offers not only the opportunity to trade, but also the opportunity to learn, as well as receive signals and analytics. The third is the choice between MT4 and MT5. I prefer Metatrader 4, but I know many people who want to trade with a new generation platform. I think it is very cool that a broker offers a choice. Well, the last one is my personal experience. In 3 years with HYCM I have never faced any problems, so my impression of a broker is 100% positive.

Advantages: Good enough and regulated

Disadvantages: Not the best out there

Comment: I will advice any trader to be careful when choosing a broker to invest with by always making sure they are regulated. I invested with a broker that made withdrawal impossible and there was nothing i could do until i contacted the agent Mr Bart Kasch who helped me recover my money. It felt satisfying to finally have my investment back, you can reach him at BartKasch AT Affiliaterecovery DOT com if you need help

Advantages: Different types of spreads.

Disadvantages: Standard analytical tools.

Comment: I like to trade in this company, because it is a classic forex broker, you can trade calmly, and learn to do so.

Advantages: Good spreads on Standard account, regulated

Disadvantages: Metatrader is the only trading platform compatible with the broker

Comment: The disadvantage about MetaTrader that I've mentioned is basically all I can wish to improve here. I'm a bit tired of this monopoly in the sphere of forex trading that MT has got. This is definitely not the best platform ever, yet like 99% of the brokers offer this platform only.Well, I guess I can bare that, yet this is something for the company to consider in terms of upcoming improvements.

Advantages: well-known, many reviews, a lot withdrawals methods, regulated

Disadvantages: high spreads, can't choose regulation

Comment: I read many Hycm reviews before trading with this brokerage. Most traders say the same - brokerage is well-known and can be trusted. I think it's the best example of the positive attitude towards that broker over the industry. As I know, it operates around 40 years, that's incredible figure. We say that brokerage that was launched in 90's is old but gold, but Hycm is at least platinum:) Of course there are also shortcoming as well, spreads are high within FCA regulated entity and you can't choose regulation (it depends on your location). However, I think brokerage has much more pros than cons

Advantages: Access to both MT terminals.

Disadvantages: Few of training material.

Comment: I believe that this is the best solution for advanced traders. There are a lot of assets and original tools.

Advantages: Many regulations, different subsidiaries that differ by regulation. High leverage with SVG regulated entity. Deep history as well

Disadvantages: Hard to start trading for individual with low depo

Comment: Brokerage is multi-regulated, but pay attention that there's differenet Heynep subsidiaries. If you want to trade with regulated by FCA - you should choose the right entity. That's cool that you have different options to choose from, but beginners will face some difficulties I think with starting there. I mean, that's big company and for beginner it's hard to understand what he or she really need. For example I registered with FCA regulated subsidiary, but I want high leverage and there you can only get bigger leverage if you register as professional trader.

Advantages: recovery

Disadvantages: none

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Advantages: BAD

Disadvantages: NON

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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!