HYCM Review Scores

great broker with cool trading conditions. u can tell at once that this is serious company. everything is so clear on their website!

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?

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.

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.

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.

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!

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!

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.

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.

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.

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?

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.

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.

im not a rich investor but i do my trades with discipline and risks so no matter how educated your are you will earn money as i do. broker is stable and well known so no problems only profits and progress

After more than a month of hard trading, I finally made a profit. Until the first withdrawal in late May, HYCM said that I violated the rules, so they closed my account and deducted my profits. At present, I can't log in to my personal Center, I asked them for evidence, but I didn't receive a reply from them. I don't understand why they don't pay profit for normal transactions. Please stay away from this broker.

My impressions on how I chose HYCM broker account.
I started to use EA in my trading, so I decided to choose appropriate one for me. I decided to open separate account specifically for EA to make it easier to track trade statistics.
HYCM offers three account types to choose from. As it turned out, account 'FIXED' did not provide for using EAs in trading, so I decided classical account. In addition, minimum deposit to open this account is only $100! I can test EA without any risk

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.

this is so interesting to see how your deposit growing day after day when i use working strategy and follow your plan. thanks to hycm for stability and market instruments to trade.

I am ready to entrust my money only to proven company. For me number and quality of broker's licenses is very important. When broker is controlled by financial institutions, security and quality of services are ensured.

When I came to HYCM I checked their licenses.
Сompany is regulated by Financial Conduct Authority (FCA).
Cyprus Securities and Exchange Commission (CySEC) also gave its license to HYCM.
Here CIMA (Cayman Islands Monetary Authority) gave its license to broker.
HYCM is also regulated by Dubai Financial Services Authoryty (DIFC).

This big list of licenses gives me confidence in quality of services. I focused only on trading