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HYCM Review Scores


Overall score: 4.7 / 5

Total votes: 158
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Pricing
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1 - Worst 5 - Best

HYCM Discussion

26 posts
I believe that brokers always should provide their traders with big variety of instruments in order to let them feel protected. Hence this broker offers lots of instruments, such as indices, stocks and futures. One note, which I want to make, implies unequal conditions which are provided by several types of account, however it can be a great stimul for traders.
23 posts
I chose a broker thoroughly and looked at different companies for a long time. HYCM is a solid broker, which strictly follows the rules of work and always listens to its clients. The company was founded back in 1977. It's hard to imagine that at that time, when there were no personal computers yet, the company was already offering its services in the financial sector. The main office is in London, and there are offices in Cyprus, Dubai and Hong Kong. The company provides the best approach to its traders and establishes a relationship of trust with each of them.
I like the ultimate openness of this broker and its willingness to solve any customer problems. In addition, HYCM provides technical security at the bank level - my account is secure, all funds are kept in tier 1 banks. I also know that nobody is using my funds or personal information. In terms of hycm reviews, the broker offers two trading platforms to choose from - Metatrader 4 and Metatrader 5. At the same time, MT5 supports all trading instruments. And MT4 does not support some exotic pairs. Also, the broker offers two types of accounts with fixed and floating spreads.
2 posts
I trade on a Raw account with this brokerage company. It’s a very universal account due to its tight spreads. It makes it equally suitable for scalping and long-term trading. I have no idea why they called it Raw because in fact, it’s an ECN account and even comes with a commission. I take this commission for granted because tight spreads have their price.
The execution is perfect here and it’s in light with a good reputation of this regulated broker.
1 posts
Dunaud posted:
The best way to gauge a company's reputation is to see what other traders have to say about it. After reading the reviews, I decided to stay with a broker hycm.
In this case, you may try trading on your smartphone. Just download and install corresponding mobile apps.
20 posts
I have been trading individually for a long time. Earlier, I remember, only currency pairs were available. We made good money on them too. Especially after 2009, when the economy began to recover.
But, of course, I wanted to squeeze professional traders in their market and get the opportunity to trade stocks, oil and other resources. HYCM was one of the first brokers to offer CFD trading.
Yes, I understand trading CFDs is not the same as selling / buying shares. But doggon it, this is a great opportunity to expand your package. In the nineties, we only licked our lips when dot-coms were growing. Now, if you follow Microsoft or General Electric, you can use this information and make some money for your dinner at a restaurant.
I have changed many brokers, but HYCM is the best of them. Licenses, choice of platforms, different trading conditions for different strategies - all this is detailed in hycm reviews. The guys are great, and they don't give up, they maintain the quality level. I'm with you.
17 posts
Some brokers provide several types of accounts with different spreads. HYCM broker does this too. But many newbies do not understand anything about trading and spreads and may get confused about choosing a Forex account. HYCM broker offers a 5-question quiz to help you choose the type of account and spread that a particular trader needs.
In addition, I want to say that I like the account with raw spreads from 0.2 pips. I trade on this account and use the scalping method. This trading method and this HYCM broker account help me make good money!
1 posts
I am just starting to trade Forex and have chosen a HYCM broker for myself. It has a lot of good reviews and you can trade different trading assets. I have not yet decided what to trade. Perhaps with promotions.
Who trades here knows or is the Metatrader 5 platform available ??
4 posts
A good broker in the Forex market - I can finally say this with confidence and write a positive hycm review. I have been trading Forex for almost a year and a half.
I worked with different brokers, and either I was so unlucky, or it is always the case with newbies, I got into trouble everywhere. Hycm was advised by an acquaintance who mainly described the benefits of working with him. At first I was alarmed, but after three months of joint work I can draw the following conclusions: I was pleased with the presence of the MetaTrader4 platform, thanks for it - it is very convenient and reliable (before, there were always some problems with conclusions); one of the brokers with the lowest spread - the average size for EURUSD is 0.2 pips. Working conditions are acceptable even for beginners.
Opened a Raw account - minimum deposit $ 200, minimum trade 0.01 lot, spreads from 0.2 pips + commission $ 4 per round.
I'm not talking about 100% of the number of successful deals, but there are more and more of them every day. I hope to earn the first million in a couple of years :) I will continue to cooperate, perhaps there will be more to say.
14 posts
This broker will undoubtedly suit those seeking reliable partners with a rich experience. It’s one of the pioneers of the Forex market. On the other hand, if you rely on bonuses in your money management plan, you may be disappointed because the broker doesn’t give bonuses at all.
13 posts
The best way to gauge a company's reputation is to see what other traders have to say about it. After reading the reviews, I decided to stay with a broker hycm.
16 posts
The HYCM company has been working for a very long time and it seems to me that everything is good here and at a very high level. It cannot be otherwise. In addition, I like that the popular MetaTrader trading platforms are available here. It is easy to trade popular trading instruments here. And here there are a lot of them.
Currency pairs, cryptocurrencies, stocks and indices, etc. ... You just need to learn and understand how it all works!
1 posts
The hycm is objectively one of the best brokers I have traded with, the company opened an office in Australia and received a license from the ASIC regulator, to its main regulatory licenses - MiFID and FSA, which makes it even more cool in my eyes.
I attracted a wide selection of trading instruments, it seems to me that there is no such diverse choice as there is simply nowhere else. I tested the terminal day and night and made sure that the execution of transactions was excellent at any time. I decided to stay trading only here, although I wanted to open at the same time in another company.
I also want to add that the company is developing intensively, recently many different innovations have been introduced - conditions, tools, trading mechanics, etc.
For a year and a half of working with the hycm, no problems arose: open-close a position, take your money from them without any problems and this is very important.
Let's see what happens next.
17 posts
Look at the number of awards won by HYCM in different expos, as well as at the number of countries the broker operates in. Trading conditions are flexible, and there’s even a list of questions, answering which a trader can get a better understanding of his needs. Pleasure to be here.
29 posts
I liked the variety of trading conditions in HYCM. Here you can choose an account with a fixed spread type and an account with minimal floating spreads and commissions or average market spreads without commissions. To choose the best option, you can pass a test on the site. Answering the questions, I understood what I need to trade. That's what I like about HYCM. It's comfortable from the very first visit.
12 posts
When I found out that this company has been operating for many, many years and is very successful - I decided to open an account here .. And you know .. I do not regret it. Everything is really good here. Orders are executed quickly and there is a choice of account. I first chose the fix and then switched to the standard. I liked floating spreads better. Otherwise, everything is fine too.
16 posts
I’m satisfied with my choice. I’m not interested in bonuses and points for activity. Instead, I first value reliability. When you know that you can withdraw your money at any time, it gives peace of mind.
15 posts
I am satisfied with this broker.
That’s a universal brokerage service for me. It’s because I can not only conveniently trade a wide range of assets but also improve my knowledge of trading. Also, HYCM has a big reputation because it has been working on the Forex for more than 40 years. So, this service is really reliable.
I’m the kind of person who is assured that it’s never too late to learn, and it’s a good thing that this brokerage company offers a unique educational service that allows this broker to stand out from its competitors.
You can understand everything when an educated person explains it to you in person. My coach helped to understand many nuances of fundamental analysis that I didn’t realize before.
10 posts
I have been working with HYCM for a year, and I have something to write about it. Also, some reviews about it are harmful, and I haven't found the brokerage's disadvantages.
I decided to start trading because I was looking for an additional opportunity to earn money, and besides, I wanted to spend more time on self-development. As it seemed to me, trading includes both my wishes and I decided to try it.
It turned out that finding a reliable broker that you can trust is quite tricky. But then I found a brokerage that has been working in the market since 1977, and during this time, it managed to create and maintain a relatively positive reputation.
So I decided to give this broker a chance and open a Classic account because it has the best trading conditions. I have read much about it on HYCM reviews.
And now, as I have already written, a year has passed since I started working with this broker. So far, I have no complaints or disappointments about the broker or its work.
Of course, I have had some small questions or misunderstandings during trading, but client support has always helped me. So I am glad that my broker is HYCM, and I will continue trading with it.
13 posts
Among the definite pluses of this brokerage company, I can definitely mention the availability of normal trading platforms and different types of spreads. But there are some problems with analytics, because despite the fact that the market is changing, everything is pretty standard here, but I still wish the company would remember that everyone works with different specifics and offer a bit more useful things that I can use in practice. This is my personal wish.
13 posts
You know that when it comes to long-term trading you need to be confident in your broker because you want to be assured that you can hold your trades even for a year or longer and then close it in the green area. A respected regulated broker is a must-have component here. It doesn’t need to provide many features. It just needs to be reliable. HYCM meets this requirement. I hold a BTC trade with this broker for more than a year and also trade major currencies on D timeframe here. I’m satisfied with what I have here.
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