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HYCM Review Scores


Overall score: 4.7 / 5

Total votes: 159
Platform
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1 - Worst 5 - Best

HYCM Discussion

27 posts
Cegar posted:
Well, what can I say? I am pleased that I don't need to worry about the safety of my funds anymore. Finally, I have found a broker which I can confide in completely without having any doubts.

I know this feeling. I lost my money with previous broker and now im here and safe. Good that company use segregated accounts as well as compensation scheme and the investors compensation fund.
It makes me feel calm
24 posts
da best broker on forex and 4 me this company was always clear and fine 4 all trading stuff that you doing here. I'm old fashioned in trading but even so i opened demo first and then rush into real money account
18 posts
MT4 or Mt5 really don't mind in case you make a profit.

As for me and my strategy.... Price fluctuations, even small ones, are well noticeble. To catch pips, you need to trade with a small lot. You can do it on every platform...
20 posts
I am trade on the HYCM MT5 trading platform. is there a big difference between MT4 and MT5? any advices?
1 posts
I read some reviews on the forums and realized HYCM is not a scam.
I think many people have seen reviews of forex scams. I haven't seen that about HYCM.
I'm ready to pay more for broker services neither to get into scam, as I already got one time. 6 and a half monnth with HYCM, made couple of withdrawals, no problem met!
1 posts
Shakashakar posted:
I came to trading cuz I hated coming home knackered all the time. My full time job made me munted and it all should have been stopped long ago otherwise …. I could be scrapped.
Mate, I was not very smart since my childhood and had to work hard on low-paying jobs to earn my living. Trading helped me to make it all better , um, I mean my well-being. It was not easy but and it me more than three years to properly understand how it all works and all my grieves paid off.
Skills matter, year. They give a guiding light. I remember when I was starting out … I felt like stuck in the wop-wops, damn feeling, I wanna say, when you open chart and feels I have no idea what to do. Fortunately it all bad stuff gone and now I got other issues such as choosing good brokers.
I tried this and even enjoyed. It reportedly belongs to the tried and tested group, veterans you know … but I’m gonna use it not only for manual trading. I wanna to trade alongside my mate on one account. I ain’t alone and with my mate can do more. So wanna open a joint account. So have a question for u. Can I open it?
Yes you can

google the faq via ''joint account hycm''

Don't hesitate to get in touch with customer service representative to ask for details. They respond ASAP
1 posts
a lot people use the services of Forex brokers, so there is no surprise I see so many of us on myfxbook. Thanks guys sharing your opinio!

I chose HYCM becose it has an account with raw spreads and MT5. It is easy to satisfy me haha
25 posts
I choose HYCM classic account. I answered 5 questions and the website proposed me a classic account. I thought that it's great because the minimum deposit is just 100$, while the spreads are pretty tight for some assets.

However, I dunno when you need to choose the RAW account instead fixed and classic ones? I'm newbie, sorry =/
26 posts
Well, what can I say? I am pleased that I don't need to worry about the safety of my funds anymore. Finally, I have found a broker which I can confide in completely without having any doubts.
18 posts
I should say I don’t pay much attention to brokers. I hate digging deep in them, making difficult comparisons, drawing conclusions and other boring stuff. I just trade. I don’t wanna say that I’m too careless. I just don’t want to stuff my head with extra concerns and worries. I do a simple thing. I trade with a broker for a while and I discover that it allows me to withdraw money it’s genuine in my eyes. I never care about its license because it’s somethings lawyers should be concerned with. I’m not so smart to take into account multiple nuances. Instead, I rely on practical experience. I traded with this broker for several months and it feels like it’s not a scam.
21 posts
I came to trading cuz I hated coming home knackered all the time. My full time job made me munted and it all should have been stopped long ago otherwise …. I could be scrapped.
Mate, I was not very smart since my childhood and had to work hard on low-paying jobs to earn my living. Trading helped me to make it all better , um, I mean my well-being. It was not easy but and it me more than three years to properly understand how it all works and all my grieves paid off.
Skills matter, year. They give a guiding light. I remember when I was starting out … I felt like stuck in the wop-wops, damn feeling, I wanna say, when you open chart and feels I have no idea what to do. Fortunately it all bad stuff gone and now I got other issues such as choosing good brokers.
I tried this and even enjoyed. It reportedly belongs to the tried and tested group, veterans you know … but I’m gonna use it not only for manual trading. I wanna to trade alongside my mate on one account. I ain’t alone and with my mate can do more. So wanna open a joint account. So have a question for u. Can I open it?
1 posts
Ukkola posted:
Lots of traders spend their time on seeking for a reliable and responsive broker, while I should claim that they have to pay attention to this one. It offers brilliant conditions, in my opinion, I like the process of choosing a broker, but when I met this one, I definitely decided to give upp further efforts to choose a broker and join the community here. I have been trading here not for a very long itime and still have couple of questions, maybe anyone knows how much time does it take for a wire transfer to withdraw my money?
Wire transfer is the slowest withdrawals among all of the brokers, however, speaking of hycm, the withdrawals speed is superfast. Wire transfer takes only one day or two. I doubt that it is an easy task to find a broker with such rapid withdrawals.
14 posts
For me HYCM is a reliable and proven broker. The company has been on the market for many years and that's what builds real trustworthiness.
I've been trading through it for the second year already, I do not see any critical moments. The spreads are average, but there are a lot of instruments, the website is excellent, there is a ready-made analytics. They don't have any specific restrictions, the entry threshold is low and accessible to everyone. I have no problems with withdrawal if I verify my accounts. A few terminals: choose whichever one you feel more comfortable with. The competent analytics and friendly support - they will always help in any question.
I trade on RAW account with zero spreads and small commission. This account is optimal for me....
The broker constantly conducts webinars, you can register right on the website and take part.
12 posts
HYCM was a fairly new and interesting experience for me.
I tried working with fixed spreads.
I can't say that it made my trading much easier, but in any case it helps me not to worry taht much anda always know what the speads are ...
1 posts
I like the fact that HYCM is one of the most oldest brokers which are exist today on the market. It's not the most popular one but for me reliablity is worth more than a bit tighter spreads.
1 posts
Lots of traders spend their time on seeking for a reliable and responsive broker, while I should claim that they have to pay attention to this one. It offers brilliant conditions, in my opinion, I like the process of choosing a broker, but when I met this one, I definitely decided to give upp further efforts to choose a broker and join the community here. I have been trading here not for a very long itime and still have couple of questions, maybe anyone knows how much time does it take for a wire transfer to withdraw my money?
1 posts
This broker provides good opportunities for every novice trader. That is why I started working with this company.
HYCM is my first broker. I've been trading here for almost a year now and can give you my feedback.
First of all, I am glad that the company has been operating for a long time, has a large number of customers and good reviews around the world. In addition, the broker is multi-regulated. This is a good sign. If a broker has many licenses from different regulators, then this means that HYCM has everything you need for professional work, all processes are legal and the broker is honest.
I think this is very important when it comes to money.
1 posts
That’s probably the first broker in my life that doesn’t have any special accounts for VIPs. It’s not like I want to be a VIP very much. I’m just surprised. So, the broker offers equal trading conditions for everybody.
I personally chose a trading account with fixed spreads because I like to trade at night.
I see the only one downside here. It provides Metatraders only. I would like to see more platforms here.
1 posts
Before I started working with HYCM, I studied all reviews about it on the Internet.
I have found out from people on the Internet that their application does not glitch because of overloads, transactions always work, there is no limitation of its functionality, no big commissions for services, how quickly the support works, etc.
And that's good, now my broker is completely transparent. It allowed me to build a strategy of working with HYCM, now I understand what kind of actions I am willing to do through it. The broker has two trading platforms for work, MT4 and MT5, I use the fifth version, I like its advanced features.
18 posts
ScottMatthews posted:
It is a well-known regulated broker with offices in Limassol and London. The broker offers two types of trading platforms Metatrader 4 and Metatrader 5. At the moment I am trading on mt5, although before I thought that there you can only open average positions for all open positions, but as it turned out, you can also choose to open orders as standard, such as in mt4. The broker has a good training base for money management, trading strategies, there are courses for beginners. Does anybody know if there is an opportunity for passive investing?

To be honest, I do not know about the possibility of passive investing with this broker. HYCM is a CFD and Forex trading broker. But I can advise you to trade ETF with the HYCM broker on the MT5 trading platform. This is a safe investment.
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