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HYCM Review Scores


Overall score: 4.7 / 5

Total votes: 148
Platform
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Pricing
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Customer service
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1 - Worst 5 - Best

HYCM Discussion

1 posts
Hycm has one of the best client support I’ve interacted with👏 Not only do they give very informative answers, but also they respond very fast. Some forex brokers need to learn from Hycm how to work with the customers☝️
1 posts
I openned a Raw account here cuz I want to become a scalper. Spreads are good on this account, although a commission charged makes me to be more attentive before opening a trade.
1 posts
Recently I decided to get into trading and went through several brokers conditions. I found HYCM conditions very suitable. As far as I am a newbie in trading I'm thinking about learning a little before start to trading. Are there any free information about trading at HYCM? May be some courses?
1 posts
I love trading with this broker because of trading conditions and high quality of services.
1 posts
fixed account - my passion. can't understand why there are some traders who love floating spreads... ok, I'm just playing.
1 posts
I always check the learning materials provided by the company.
I try to follow the general rule in my life 'live and learn'. We are ought to develop our brain, otherwise it will dry out.
This company offers lots of learning materials and of course, before opening here demo account I passed particular courses and attended 1 webinar. What can I say... Cool. The information presented on the webinar seems to me pretty useful for traders' skills development.
But, I'd add some more interesting articles.
1 posts
So I traded with HYCM for about a year now and can say I haven't faced any problems. I appreciate it has Metatrader 4 along with Metatrader 5 trading platform, because I had the experience with the first one earlier and wanted to try the latter :)
Also I really like the educational sector. It offers an information that is good for both newbies and experienced traders and it is a pleasure to have this information in one place. I can always return to some questionable moments and check it there.
1 posts
great broker with cool trading conditions. u can tell at once that this is serious company. everything is so clear on their website!
1 posts
I've been trading on demo for few months now. Everything goes well! HYCM educational materials really helped me.
What account type do you think I should choose for trading on real account?
1 posts
I like that thanks to HYCM services, I have access to different financial instruments. I can allocate my assets between several directions to reduce risks and increase profits. It also develops my analytical skills.
1 posts
It's always tough to me to write reviews. Bet it will look awkward but anyway I am gonna share my experience of trading with this broker.
Convenience of communication is the very first thing which I noted here and it really matters a lot for me. Wanna ask questions, then welcome to live chat, where customer support representatives will help you right away. You can even ask them 'how y'all doing' and you will get a response.

The lovely type of account of mine is a raw one. It has lots of interesting features, like EAs trading or low spreads, which might be widened, but it's okay.
1 posts
Kasidall posted:
HYCM offers three types of trading accounts: fixed, classic or raw. But let’s see what type of traders can utilise which type of account.
1) Fixed. This account has wider spreads on instruments than other two and they are fixed. With its minimum deposit of $100 and min trading volume of 0.01 it potentially can be for newbies.
2) Classic. This account also has variable spreads, but much tighter than on the first one. Minimum deposit is also $100. There is one difference though, classic account can be used for algo trading. Algo trading is something that is for more experienced traders. But beginners are welcome too.
3) Raw. Raw account is a commission based account. You have to pay the commission for opening the order instead of spreads. On raw account commission is $4 for the whole lot, which is decent. This type of accounts are preferred by scalpers or traders that trade at a high rate, because spreads on these accounts at the lowest levels possible. Minimum depo is bigger,$200.
All HYCM trading accounts are suitable for muslims and can be compliant with Sharia’s law on demand.

Yes, that's great! Each type of account has its own trading conditions.
I have several trading strategies, and for each strategy, I use separate trading account, which is more suitable in terms of trading conditions. Of course, managing my assets this way is more complex, but thanks to this possibility, I get more profits.
1 posts
well guys, now I can call myself trader! I have practiced on demo and already started to trade on real account. now I'm sure I will not lose my deposit. HYCM thanks for demo! it's great stuff! thanks also for webinars, Giles Coghlan is awesome!
1 posts
Kasidall posted:
HYCM offers three types of trading accounts: fixed, classic or raw. But let’s see what type of traders can utilise which type of account.
1) Fixed. This account has wider spreads on instruments than other two and they are fixed. With its minimum deposit of $100 and min trading volume of 0.01 it potentially can be for newbies.
2) Classic. This account also has variable spreads, but much tighter than on the first one. Minimum deposit is also $100. There is one difference though, classic account can be used for algo trading. Algo trading is something that is for more experienced traders. But beginners are welcome too.
3) Raw. Raw account is a commission based account. You have to pay the commission for opening the order instead of spreads. On raw account commission is $4 for the whole lot, which is decent. This type of accounts are preferred by scalpers or traders that trade at a high rate, because spreads on these accounts at the lowest levels possible. Minimum depo is bigger,$200.
All HYCM trading accounts are suitable for muslims and can be compliant with Sharia’s law on demand.

In my opinion, trading conditions of each account are designed for specific traders' group. It means that broker has suitable conditions for any trader. Hmm, even if I have few trading strategies, I can open separate trading accounts for each of them!
1 posts
yesterday received a withdrawal from hycm broker. it was quite fast, I thought the withdrawal would take much more time, however wire transfer was fast.
yeah, the only thing here is that wire transfers requires at least 250$... only in this case you will be able to get your funds, otherwise choose another option. why I withdrew wire transfer? security. I trust hycm broker because we are cooperating together for a very long time, nevertheless I always try to make preventive measure avoiding unpleasant situations.
1 posts
y'all know, I came here because fo workshops :D really, I found out about the existence of workshops here and I started being super inyterested in this broker. It enticed me!!
There is a workshop which is being run every monday and another which is being run every wednesday.
once attended the first one and basically, it really clarifies lots of things for new traders. honestly, I am not a novice at all in trading, but the fact that there are WEBINARS drove me crazy, guys...
It's super cool when a broker offers such an opportunity. It cares about traders I bet, it's important for a broker.
1 posts
trading for me seem a bit difficult, but I try to trade every day and practice on demo account. wanna start on a real one, but I'm afraid. hope I overcome my fears.
1 posts
wonder why traders often change their broker, while there are such ones like hycm.
actually, no complaints about trading with this broker even taking into consideration the fact that I am not trading here for so long. Still have some questions. for example, what's better to choose for an 'advanced' newbie? Raw or classic?
1 posts
Kasidall posted:
HYCM offers three types of trading accounts: fixed, classic or raw. But let’s see what type of traders can utilise which type of account.
1) Fixed. This account has wider spreads on instruments than other two and they are fixed. With its minimum deposit of $100 and min trading volume of 0.01 it potentially can be for newbies.
2) Classic. This account also has variable spreads, but much tighter than on the first one. Minimum deposit is also $100. There is one difference though, classic account can be used for algo trading. Algo trading is something that is for more experienced traders. But beginners are welcome too.
3) Raw. Raw account is a commission based account. You have to pay the commission for opening the order instead of spreads. On raw account commission is $4 for the whole lot, which is decent. This type of accounts are preferred by scalpers or traders that trade at a high rate, because spreads on these accounts at the lowest levels possible. Minimum depo is bigger,$200.
All HYCM trading accounts are suitable for muslims and can be compliant with Sharia’s law on demand.
You described all the account in details. Gracias. I'd note that it's pretty important for traders to have a choice in types of account, because some traders (scalpers) prefer fixed spreads as they open multiple deals per short time period, other ones prefer floating spreads.
Everything is individual and this broker understands the necessity of all types of traders.
1 posts
never was engaged in trading when I was a teen. however, since recent years I started to be interested in this topic as it's one of the most perspective activities in the net.

just a short story of my trading activity launch :D recently started trading with HYCM broker, chose a Raw account as the spreads are awesome there - 0.1 pips + 4$ per round. Wonderful.
Chose MT4 platform as I never chose something instead of it. Can't admit the fact of existence of other platforms unfortunately. No freezes, no bugs, no any inconveniences at all.

everything works well and consistently. think that it's pretty significant for a broker to offers such developed platforms, as they reflect its attitude toward traders imho.
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