HYCM Review

HYCM

HYCM

www.hycm.com

  • Leverage: 1:30

  • Regulation: FCA, CySEC, DFSA, CIMA, FSC

  • Min. Deposit: 100 US$

  • HQ: UK

  • Platforms: MT4, MT5

  • Found in: 1977

HYCM licenses

  • Henyep Capital Markets (UK) Limitedauthorized by FCA (UK) registration no. 186171  
  • HYCM (Europe) Ltd - authorized by CySEC (Cyprus) registration no.  259/14  
  • Henyep Capital Markets (DIFC) Limited - authorized by DFSA (Dubai) registration no. F000048
  • HYCM Ltd - authorized and regulated under the Cayman Islands Monetary Authority registration no. 1442313
  • HYCM Limited - authorized by FSC (SVG) registration no. 25228 (IBC 2018)

Top 3 Forex Brokers

  1. What is HYCM?
  2. HYCM Pros and Cons
  3. Awards
  4. Is HYCM safe or a scam?
  5. Leverage
  6. Account types
  7. Fees
  8. Market Instruments
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

What is HYCM?

HYCM or formerly HYMarkets is rightfully considered one of the leaders among forex brokers and at the moment shares more than 40 years of experience in the market. The broker is a member of the Henyep Group, the international financial holding company established in 1977 which headquarters in London, UK operating in financial services, education and real estate.

As the main pro of HYCM firm is a strict regulation that broker has throughout its offices in major cities around the world London, Limassol (Cyprus), Hong Kong and Dubai while complies with regulatory agencies in each jurisdiction. Besides HYCM maintain powerful trading capabilities, offering an advanced range of trading instruments and accompany its clients with dedicated support.

HYCM Pros and Cons

HYCM has long history of operation and is a heavily regulated Broker. The account opening is easy and offers various account types while costs are low, HYCM education and research is good quality and you can use various options to deposit or withdraw funds.

On the negative side proposal vary according to the entity, there is no 24/7 support, trading instruments are limited to Forex and CFDs, also the trading platform is solely MetaTrader.

HYCM review

10 Points Summary
🏢 HeadquartersUK
🗺️ RegulationFCA, ESMA, CySEC, DFSA, CIMA
🖥 PlatformsMT4 and MT5
📉 InstrumentsForex, metals, gold and silver, energy products oil and gas, commodities, indices and stocks
💰 EUR/USD Spread1.2 pips
🎮 Demo AccountAvailable
💳 Minimum deposit100$
💰 Base currenciesVarious currencies
📚 EducationProfessional Education with Live webinars and Seminars
☎ Customer Support24/5

Awards

HYCM maintains a professional trading environment and is a highly regarded broker with not only a long history of operation but also with numerous clients from all around the world and trading community consistent of HYCM traders. In fact, HYCM trademark is much-respected brand among traders and investors in the financial industry, which is also confirmed by gained international awards.

HYCM awards

Is HYCM safe or a scam

No, HYCM is not a scam. HYCM is part of a global company with high trust solid track record and is regulated by several authorities FCA, CySEC and DFSA. Therefore, HYCM is considered low risk and secure broker to trade Forex.

Is HYCM legit?

The main office is Henyep Capital Markets, headquartered in London, and respectfully regulated by the FCA, which guarantees to its customers the appropriate legal security and provides convenient conditions for cooperation. Other, additional branches holding appropriate licenses from Dubai, Cyprus, etc. which confirms an unparalleled follow of the operational guidelines.

HYCM entity Regulation and License
Henyep Capital Markets (UK) Limited Authorized by FCA (UK) registration no. 186171
HYCM (Europe) Ltd Authorized by CySEC (Cyprus) registration no.  259/14
Henyep Capital Markets (DIFC) Limited Authorized by DFSA (Dubai) registration no. F000048
HYCM Ltd Authorized by CIMA (Cayman Islands) registration no. 1442313

How are you protected?

In simple words, strict regulation means customer are protected while deposits are always segregated, stored separately from the company’s funds and not available for personal or business use by HYCM. In addition, company clients are participants of the FSCS compensation program applicable to a particular entity.

Thus, in case HYCM by virtue of certain circumstances is unable to provide further financial services, customers may receive compensation. However, note regulation varies according to a particular entity where conditions and audit rules are diverse as well.

Leverage

HYCM leverage actually, depending under which regulation and jurisdiction trading account complies with. Meaning each jurisdiction falls under particular rules and laws, therefore depending on your residence various leverage levels and trading conditions likewise are applicable.

  • 1:500 for Dubai and CIMA accounts
  • 1:30 for the UK and European traders

The high leverage up to 1:500 opens the path to the smaller retail traders, as a quite small initial deposit will cover margins, yet this level is allowed only for Dubai accounts and those that comply to CIMA (Cayman Islands).

The rest, and the majority of HYCM accounts will fall under European ESMA regulation, which recently limited leverage to a maximum of 1:30 for Forex instruments.

Account types

HYCM account types include three accounts Fixed, Classic and Raw Spread Accounts that are different models accounts. HYCM uses either a fixed spread model with slightly higher spread, means commissions are not charged on trades. Classic account offers variable spreads, and Raw spread is provided by interbank spread from 0 pips with commission per trade. However, trading accounts and conditions may vary according to jurisdiction rules.

HYCM accounts

Fees

HYCM fees will vary according to the account type you select or trade, so see which one is suitable for your trading style. HYCM fixed spreads worth considering for those that prefer to rely on stability even during volatile news and Classic variable spreads are good for various trading styles with no commission added.

It is important to get into broker fees too, check additional fees like a commission for deposits or withdrawal also non-trading fees.

FeesHYCM FeesOctaFX FeesAvaTrade Fees
Deposit FeeNoNoNo
Withdrawal FeeYesNoNo
Inactivity FeeYesYesYes
Fee rankingLow, AverageLowHigh

Non trading fees

HYCM overnight fee or a swap rate determined by the overnight interest rate is involved in a long opened position, whether its a buy ‘long’ or sell ‘short’. The fee originally varies from one currency to another, for example, EURUSD buy order will equal -3.25%, while selling will add 1.25% respectively.

Also, what you should consider is inactivity fee, meaning HYCM will charge 10$ per month in case trading account has no activity for a certain time.

Spreads

HYCM Spread depending on the account type, Fixed spread conditions offer a slightly higher spread but with stability under any circumstances. While Classic Account with variable spreads will include lower spreads that is changing according to volatility and market conditions. Lastly, Raw spread is a choice for mainly professional traders as trading fees inbuilt into commission per round, which is 4$.

Besides, there are Islamic trading accounts available for traders with no adjustments. Also, compare HYCM trading fees to AvaTrade. See HYCM Spread below.

Asset/ PairHYCM SpreadOctaFX SpreadAvaTrade Spread
EUR USD Spread1.2 pips0.5 pips1.3 pips
Crude Oil WTI Spread6 pips2 pips3 pips
Gold Spread322040

HYCM trading fee

Instruments

HYCM specializes in providing trading services and offers a wide range of over 100 different financial instruments to trade with access to forex, metals such as gold and silver, energy products like oil and gas, commodities, indices and stocks.

HYCM instruments

Deposits and Withdrawals

There are plenty of ways to consolidate trading account, as well to withdraw funds from the account further on. HYCM applied democratic policy to money transfers, yet conditions and methods may vary according to the particular HYCM entity.

Deposit Options

HYCM’s clients can use regular bank cards

  • Visa/MasterCard,
  • Wire Bank Transfers
  • various electronic system WebMoney, UnionPay, Neteller, Skrill, etc.

HYCM Minimum Deposit

HYCM minimum deposit varies according to the chosen account and starting from 100$, Raw spread account requires 200$ at the start.

HYCM minimum deposit vs other brokers

HYCM Most Other Brokers
Minimum Deposit $100 $500

HYCM withdrawal

Withdrawals

Another pleasing addition from HYCM, the fee for deposits and withdrawals – 0$. Meaning you can easily manage expenses, yet make sure to deposit in your account base currency and avoid conversion.

Trading Platforms

As a leading financial services provider, HYCM offers its traders with advanced trading platforms. HYCM gave its preference and reliability to the popular MetaTrader 4 platform and has made it as the mainstay, yet you always can choose a new version Metatrader5.

ProsCons
Mainstay on MetaTrader4 and MetaTrader5No proprietary platform
User friendly trading
Price alerts and push notifications
Supporting various languages and trading styles
Web, Mobile and Desktop versions

Web Platform

MetaTrader 4, which is an industry-leading software is loved for many reasons, but mainly for its ease of use and comprehensive features. Web Platform is a great choice due to its easy access via any browses and does not require any installation or specific settings.

The only gap could be a limited number of tools and drawing applications available via Web Version so for more comprehensive analysis you better choose desktop MT4.

Desktop Platform

Nevertheless, professional and day trading traders would need a desktop platform which is a full version of MT4 or MT5 platform offering a maximum of its trading capabilities.

Moreover, MT4 suitable for beginner traders and including security and 24-hour support, automated trading capable, integrated technical analysis tools and indicators, streaming market news, personal VIP dealer services, expert advisors and many more.

HYCM platform

Mobile Platform

HYCM also included Mobile Application, for the traders who prefer to trade on the go, which allows trading at anytime and anywhere. HYCM Mobile is available for mobile devices Apple and Android.

Customer Support

HYCM support in any case and questioning through its established 24h customer service available on various languages and performed via the service desks covering global need. Even though, customer service available on working days only it is quite responsive and reachable via Live Chat, International Phone lines, email, etc.

Education

Another fantastic opportunity with HYCM is its education center that provides all the necessary knowledge for successful trading. These include Trading Courses, regularly held Webinars and Seminars in various locations, also you will find Technical Analysis and Market Analysis available with tutorials, MT4Videos and other essential data.

This is indeed great and very recommended for beginning traders especially, since together with good education and research tools you have good chances for a good trading path.

HYCM education

Conclusion on HYCM

After all, HYCM brokerage company has a strong and very reliable reputation in the financial market. The time timed broker, offering professional services to the traders while highly regulated and regarded by traders as well. Small retail traders can find their way to open a live trading account, as a very small deposit of only $100 allows so. Beginners are most welcome to the company too, with quality customer support team and good education or research.

Madhur Khawas From Malaysia | | Saturday, December 12, 2020

That’s global Forex and CFD brokerage with worldwide presence, moreover, it was launched back in 1970’s and that’s what made a lot of traders to choose this company. I’m talking about brand and company reputation, that’s the thing brokers can’t buy or mimic. The only way to become top brokerage is too exist long enough, offer excellent service and keep on improving it. That’s why I don’t understand some HYCM reviews, where people compare it with unregulated brokers or brokers that exist 1-3 years. As for me, that’s unlogical and has nothing to do with reality. Well, maybe some new companies are offering tigher spreads, bonuses or even better education, but you can never be sure that this company would exist long enough or it would change trading conditions. The brand and its history means everything, that’s why we’re choosing time-proved solutions. Look around, we’re tooking that every day, but for some reasons some traders don’t go that way when it comes to Forex trading. And I don’t know why. The desire to save money can turn into problems in the future, so I advise against taking such a risk. Overall, I have nothing to add to this review on 55brokers as I generally agree with. The broker doesn’t have any tangible flaws. The lack of 24/7 support is a little annoying, but you are answered by a real person with clear expertise. Not low paid employees who will respond to you with communication algo. I won’t say that I recommend HYCM, there are other brokers with long-lasting history and full package of regulations, but I definitely consider this broker among the best in the industry

Marvin Kaaya From Bangladesh | | Wednesday, December 9, 2020

In my forehead, support is of key importance to me, because when you find yourself in some crisis situation, you may need some help or specific advice, etc. And maybe this is what I was looking for in this business. That is, of course, I chose this company according to technical parameters, but when I had already started to work and I had a lot of questions, I immediately contacted the support service and I was pleasantly surprised that they immediately helped me, because it is a great rarity. And actually they were not just standard phrases or some general phrases – they were specific tips and things that I have to do right now to configure the terminal. We even immediately talked about the withdrawal procedure and other important points. And of course I felt incredibly important as a client, and I liked the fact that it was so easy. It was amazing.

Marquis Stanton From Thailand | | Monday, November 9, 2020

I got interested in trading a few years ago, but I didn’t immediately decide to start trading. I watched the market for a long time, traded on paper, followed the events and tried to find correlations and interconnections, I was very happy when my analysis was correct. And when I found that the percentage of profitable forecasts from my side became more than 65%, I decided to trade seriously and quite actively. And from that moment on I started searching for my company, where I could realize all my knowledge. And so I started the search, and quickly found hycm reviews, which helped me to understand that this company deserves attention, because it is focused on serious work, on the safety of traders and so that people could work here long and effectively. When I registered here, I was very pleased with attentive service, the manager answered all my questions, drew my attention to the withdrawal procedure, etc. And I was glad about it because I saw that I was not mistaken in my choice. In fact, I analyzed and tried all the services that are presented here. Yes, it costs me some time and even a small financial loss. But I understood that only in practice will I be able to understand what suits me and what is not. So, I didn’t get upset about it and by choosing the right format of work I recovered everything I had spent quickly enough. Today I work with MT5 – it’s a fast and functional platform, and the number of assets corresponds to my preferences. I use fixed spreads because it increases my speed. For currency pairs, they are about 2 pips – in my opinion, this is quite a narrow figure, so I can not limit the number of orders and the duration of the trading session.

Kishor Bhattarai From Sri Lanka | | Wednesday, November 4, 2020

When it comes to choosing a broker, the vast majority of traders give the top priority to its reliability. A trustworthy broker needs to have sufficient experience in the field. So, it’s not about a young project. Serious investors usually stick with respected brokerage services operating on the market for a long time. HYCM is a typical example of such companies. I was reluctant to entrust my hard-earned money to a young brokerage service. So, I learned that HYCM was started in 1977, I thought that a scam project could hardly exist in the industry for such a long period. As a scalper, I’m interested in the tightest possible spreads. So, I chose a Raw account because it offers strikingly low spreads (0,2 pips). I enjoyed the execution speed. The broker offers to use Metatraders only. That’s not a big problem for me since I know enough about these classical solutions. Some people require custom-made platforms, others opt for advanced alternatives to MTs such as cTrader. Nevertheless, MTs are still the number one trading terminals and most probably will retain their status in the near future. Offering MTs only, HYCM caters to conservative traders and this is a logical move for a veteran broker.

Garrett Kunze From Singapore | | Saturday, October 10, 2020

I opened a Classic account with HYCM half a year ago. I liked its trading conditions, but I wasn’t totally sure that this account type would be suitable for my trading strategy. So a small test on the broker’s website helped me to make sure of it. It contains 5 questions, answering which will automatically select for you the most appropriate type of brokerage account. And according to the test results, the Classic account suited me)) Its trading conditions: floating spreads from 1.2 pips, minimum deposit of $100, minimum trade of 0.01 lot, it is possible to trade through Expert Advisors. I think these conditions are more than favorable, but most importantly, they are suitable for my trading style. So I have nothing to complain about so far)) The broker works well and I haven’t had any problems.

KageKink From Algeria | | Sunday, September 6, 2020

Every day on the market is filled with events, discoveries and surprises. And this is probably what attracts me the most in this business. There are always new horizons and here you can always change your decision drastically and see the situation from a new side. For me this is a development. And this is what allows me to remain interested in this business for so many years. … I found myself in this company not so long ago, about 7 months ago. And I was immediately interested in the fact that here you can trade with raw spreads. Taking into account the fact that I open many orders daily, it turned out to be very profitable for me. And the MT terminals don’t prevent it, so we can say that I’m in a real paradise for myself. … Money has already been withdrawn – it came the next day.

Han Nugroho From Indonesia | | Sunday, August 23, 2020

HYCM is a normal broker that has its drawbacks. But there are some disadvantages that have almost no effect on anything, and there are those that can ruin your trading quite badly. I started by reading a few reviews about HYCM on some forum. I was interested in the broker, so I decided to open an account with it. And then I faced the first problem – it has quite different types of accounts. But on the broker’s website I found a test that helps a trader to choose an account. I remember that I was very happy that I found this test. By the way, I chose a classic account, and I traded on it for several weeks. However, I quickly realized that this account type isn’t suitable for me, and I didn’t need to blindly believe the results of that test, but to think a little about what trading conditions will suit me better. I am fine now.

Subal Chalise From Senegal | | Monday, July 20, 2020

I started trading with HYCM with the educational program. Then I moved to a demo account and only after that I started trading with a real ECN account. It was a very positive experience which helped me to understand that trading is a serious business and I have to be ready to invest my money and time. Of course, such long-term investments are only possible with a reliable broker. HYCM is exactly that. This may sound too positive, but I like the fact that the Tier-1 broker accepts deposits starting from $100. Other top-league brokers accept deposits starting from $5,000-$10,000, but this broker is unique in this regard.

Guillermo Ramirez From Spain | | Wednesday, July 15, 2020

The other day I was reading an article about the psychology of a trader and I didn’t like it very much, because it generalized all the concepts about a person, as if each of us was a player to some extent and we all come to the market for the excitement. Is this really the key reason why people start to trade? It seems to me that this is not true, because I personally know a lot of people who are responsible for the market, and I can’t say that they came here for some quick money, etc. And in general, the original motives are not so important, the key is how a person will relate to it over time when he personally sees what the market is and how to work with it. Knowing your broker’s services, finding a secure platform such as this one, which has regulation, financial regulations, clear user agreement, etc., is a good help in this. Everything is simple and clear.

Ole Torp From Singapore | | Sunday, June 14, 2020

The broker did a good job on assuring the tarnsparency of trading and relationship with its customers. Every cusotmer from very part of the world can be sure of the funds safety here. They are regulated with a well-known and trust worthy authorities, tehy offer negative balance protection and at the same time don’t made their trading commissions too high due to this fact. This is a rare opprotunity to trade with a regulated broekrage and still have affordable fees and spreads. New market players can go for fixed spreads and focus on learning and their analysis. Experienced traders can choose raw spreads accounts. The only issue – the min deposit here is a bit higher, yet, not that much, just 200 bucks. Classic account will fit everyone. There is a number of deposit and withdrawal methods that you can use. I’ve withdrawn funds about a dozen of times and each time the money arrived with no delays or further questions from HYCM stuff. Withdrawals take a day or two to complete depending on the method you choose.

N Prasetya From Indonesia | | Tuesday, May 19, 2020

My review is going to be quite long, but that’s only because I want to share my experience in details.. Hope you’ll enjoy reading 🙂 1. Trading platform. Here’s standard Metatrader 4 and it’s is a world famous trading platform. It offers real-time market news, advanced charting and technical analysis tools such as Trading Central, as well as advisors. You can either use official extensions or install your own. Also, there’s WebTrader platform – it’s a browser version of Metatrader 4. 2.Account types HYCM offers three different account types to meet the needs of different traders. Standard, Fixed and Raw. The first two have a minimum deposit of $100, the Raw account Their micro account suited me to the requirements of beginners and has a small initial deposit of just $100. I trade with a fixed account, this account type offers minimum fixed spreads of 1.8. The only drawback is that Expert Advisors are not available for Fixed accounts. Separate Raw account – spreads start from 0.2, but for each trade there is $4 fee . 3. Regulations HYCM has 5 entities, each one is regulated Henyep Capital Markets (UK) Limited is authorized and regulated under the Financial Conduct Authority with reference number 186171. HYCM (Europe) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 259/14. HYCM Ltd is authorized and regulated under the Cayman Islands Monetary Authority under reference number 1442313. Henyep Capital Markets (DIFC) Limited is authorized and regulated by the Dubai Financial Services Authority with license number 000048. HYCM Limited is an International Business Company registered in Saint Vincent and the Grenadines with registration number 25228 (IBC 2018). This info I’ve took from official website, but I checked everything -regulations are true

Gunj Sachar From India | | Saturday, May 2, 2020

I certainly didn’t always want to do trading. Moreover, I always had certain tasks and plans, which I had been creating for several years and never thought about Forex or anything like that. But time went by. And I began to understand that the picture that I imagined did not quite correspond to reality, and I really did not have the opportunity to realize what I wanted. And then it turned out that I didn’t have much desire. So I had a new choice – I had money to create a new business project, but had no idea what I wanted to do. And then I had a private conversation with a close friend, who at that time already had his business and even a good income, but did not admit in what area he works and what he does. He told me about Forex, about trading in this brokerage company and explained that he hides it because many people do not take it seriously and this is one of the most polite reactions that he faced. And he just doesn’t need it, he does what he likes. In general, he also offered me to try, at least for a small amount. I have always had good analytical skills, so there was every chance to understand everything and realize myself. In fact, everything did not work out at once, and of course I faced all the classic difficulties of a trader – I could not decide on the leverage, did not always understand when to hold a position, and when it is better to get rid of it. I lost a lot and earned a lot, but of course the interest was very strong, so over time, with experience, everything entered the format when I clearly learned how to distribute capital, forces and time. It turns out that you can create a business under any circumstances, especially if you have a desire.

Adinata Setiawan From Malaysia | | Tuesday, April 28, 2020

Of course, as for any other person, the security that a brokerage company provides for me and my money is important to me. It is clear that none of us is insured against mistakes, for which traders themselves are responsible, this is a whole different story. But it is possible that the trading terminal will slow down or some of its functions will not work at full capacity, and this will lead to problems with capital in the future. Here I was explained that the funds and in general the work of the broker is under regulation, which ensures the rights and obligations of the parties, and this has a strict framework that makes trading safer, or rather your investment. I think I made the right choice.

Colin Nena From Kenya | | Saturday, April 18, 2020

A broker has both advantages and disadvantages. I’ll start with the first, though I won’t focus on them: 1. There are licenses from 4 regulators. 2. Small initial deposit 3. A large set of assets. In general, there are many reviews that tell you about the pros of a broker, so I don’t see any point in talking about it anymore. But what I have noticed is that many traders don’t see the disadvantages of HYCM, and they’re here too, and they are quite significant. 1. There are several different companies, which provide brokerage services under the brand HYCM. Henyep Capital Markets (UK) Limited is authorized and regulated under the Financial Conduct Authority, and HYCM (Europe) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission, but other companies in this group don’t have such licenses. So, pay attention to which company you have chosen 2. Spreads are sometimes really higher than other brokers. Of course, you can choose a Raw account, but then you will overpay very much when you are flat on the market. 3. no expert advisors on Fixed spreads account and no-market execution for fixed spreads (only Standard and Raw)

Due Au Hong From Vietnam | | Saturday, April 11, 2020

MULTIRAGULATED This is the first thing that you see when visit their website. Let me explain why this is important and why this was the primary reason I’ve started using their service. Lots of brokers are registered in offshore zones. That’s ok in my opinion, but the license they get from the local authorities does not really assume any liabilities to their customers. Its important that broker works closely with reliable regulators. In this case if something goes wrong with the broker, this regulator will be held responsible to compensate for client’s losses caused by broker’s inability to fulfill its duties. This is why CySEC, FCA and other regulations are VERY VERY important. CONVENIENT TRADING FEES POLICIES They’ve got different account types so you can find the best one that will meet your needs 100%. Newbies and those who trade at market openings and during news releases will definitely appreciate FIX accounts at HYCM. I’m not a newbie, but I use fixed too. EURUSD spread here is only 1.8 pip. There are also variable spreads on standard accounts and RAW accounts assume you pay minimal spreads (close to zero) and additional commission. There are no per trade commissions of other two account types. FAST EXECUTIONS This is the other important thing that I need to mention as a pro of this broker. Those who have enough experience on the market will understand how this can affect your trading results. One-two-three pips slippages. Someone would say this does not matter. But in fact it does.

Haleem From Tunisia | | Wednesday, March 11, 2020

In my opinion, trading is no longer considered to be a kind of entertainment, and has moved into the category of a format of earning, which can really be systematized and lead to a certain system of actions. The main thing is to take it seriously and learn how to assess the market situation and how to earn money. In general, this can be considered one of the key components of success in the market, and it is difficult to argue with this. On the other hand, there is another key component that should be taken into account – a brokerage company, which will be able to provide quality conditions for independent work. I can not say that I quickly resolved this issue, in fact, it took me some time to figure out what a broker should be and what conditions it should provide for its clients. And then I got acquainted with the service, which HYCM provides. It seems to me that it was here that we were able to combine a quality trading terminal and a large number of assets, excellent indicators for market analysis and convenient conditions for the organization of withdrawal. With HYCM you basically get everything you expected and you have no reason to worry about how the broker will influence your work. I have not seen any deals that are closed without my desire or any other situations that may affect my capital negatively. And for me this is the best confirmation that my broker is my partner, not the company that wants to take my money.

Chim Ayisat From Algeria | | Thursday, February 27, 2020

I’ve been looking for a reliable broker for a long time, as I got tired of trading with unreliable companies that seek only for own profits. I wanted to find a reliable broker that I can trust. I met an advertisement HYCM on YouTube and decided to try to trade with them, or rather at that time just interested, but when I read the information about the brokerage, I realized that this is what I was looking for. One of the oldest brokers in the market, FСA regulation. Besides British regulation there is also CySEC and regulation in the UAE. Of the disadvantages for beginners – there are few promotions and free of charge, no giant leverages (prohibited by the regulators), the withdrawal takes 3-4 days. In the rest – a reliable company for serious work.

Ricky Bora From India | | Sunday, February 16, 2020

With HYCM trader can focus on his work and stop struggling to beat broker’s tricks. Every trader knows some brokers use all kinds of manipulations to provoke traders to lose money. HYCM is an honest market player. Sure enough they want to make money too, so they charge commissions, which are about the average for real forex market (yeah some brokers offer zero commissions. This is exactly why you should not deal with them as their only source of income is your lost deposit). I find it very nice of HYCM though that they’ve offered three different types of accounts with different approach to commissions. Depending on your trading style you can choose the plan that will be the most favorable for you. Fixed, variable or Raw account. If you can’t decide yourself what will work best for you, I recommend using the test offered at the official HYCM website at Accounts sections. I played a bit answering this test in different ways and I definitely see some logic in the solutions they suggest for one or another approach to trading. Withdrawals are done smoothly. Don’t forget to fill out all the paperwork providing true residence address and personal information to avoid any troubles in future. Once you do that, no troubles should ever occur.

No news available.

182 responses to “HYCM”

    • Better do some research first Rahmat. HYCM is one of the worst brokers around. Avoid them like the plague.

        • One of the loooting trader nowdays in market there are many firm providing swap free account but Hycm not at all considerate i am wondering why one will open account with hycm when they have choice of swap free account.

      • That is an interesting comment Albert. Why would you say that when you research the rating of the various brokers internationally

    • I consider HYCM as one of the biggest forex scammers
      Please if you are planning to trade with them don’t do it
      I made profits they refused to send my money instead they sent me some fictitious wire prove
      I sent the information to my bank I was told by my bank that such wite information doesn’t exist
      They are owing me more than $6000
      Right now they are not picking my calls nor reply my mails
      I have sent them my bank officers name, phone numbers and email
      I have sent them my account statement to prove such money never made it to my account
      But I rather die than to allow them to eat my money
      Am a black man this is part of the injustice we go through in this wicked world
      14165641553

  1. I want to know if I can Trade commodity options on the commodity exchange for options,as you know A deposit is all one can lose.

  2. Hello dear i want to ask you if you can give me an offer for trading account with 1 fixed spread on usd/chf with zero comm and swap . Thank you

  3. From what I understood, HYCM has started offering online trading pretty much as soon as online trading emerged. They’ve had enough time to build up the reputation and looks like they’ve suceeded. I’ve just started trading CFDs here, but so far so good. I’ve chosen the broker for its reputation and spreads policy. To my pleasure executions quality turned out to be very nice as well. I recommend working with HYCM!

    • It is immediately noticeable that this broker is trying to provide decent conditions for trading. I like that there are so many instruments and the broker gives useful information, which can be useful to find profitable situations in the market faster. At one time I was recommended to work with HYCM and I am glad that I took it seriously.

  4. Looking at different account types at HYCM I keep wondering, who in the world would choose paying $4 commission per trade on raw accounts? Aren’t 2 other options with 0 commisisons much better?

    • In fact, HYCM raw account can turn out to be MUCH more favorable. They only charge $4 per round, which is really favorable in comparison iwth several pips spreads with a decent positions size.

  5. This is my broker 🙂 I think this is the best combination of reliability, quality of executions and nice spreads and commissions policy that a forex trader can find. Broker has got real offices in a number of countries, which is a nice quality mark as well in my opinion.

    • Yeah, I worked hard to ensure I choose the service was of high quality and the cooperation between the client and the broker is mutually beneficial. Spreads here are average, but they are optimal for any capital. No problems with the withdrawal of funds do not create – yeah, this is clearly a profitable solution.

  6. The reason why I came there was long history of this broker, it operates since 1977! I don’t even consider to trade with 2-3 years brokers, I simply don’t trust them, even if they’re reputable. HYCM is another story – long time operating the market, so a lot of reviews and the brokerage is famous, so it really cares about own reputation and that’s the most important 🙂

    • You know, it happens differently, sometimes the money comes on the same day, sometimes the withdrawal takes a couple of days, but from my observations I never waited more than three days, quite acceptable.

    • Quick. According to my observations, about one or two days. It says on their website that they can withdraw up to a week, but I’ve never seen one in a couple of years.

  7. I like to trade in hycm, I have a big dynamic here and it is much easier for me to control the situation, I think it’s time to invest more money.

    • Depends on what you want to find out. Managers will definitely not give you any advise on what to trade and how. But if you mean whether they can help with choosing the best account type or help you with understanding the leverage and margin requirements – yes, they can be very helpful.

  8. For me, trading is my main source of income, so I was looking for a broker with an impeccable reputation. HYCM turned out to be just that, not only on paper, but also in practice. I like that there are no difficulties with deposit or withdrawal of funds, the broker uses many payment systems, commissions are adequate, with spreads, by the way, all is also transparent.

    • This depends on the account you choose. For classic and fix its just spread with no commission. Raw accounts have spreads of 0.2-0.5 pips and a $4 commission per trade.

        • Of course fixed and floating spreads also have their benefits. It seems to me that it depends more and more on the strategy and your position sizes.

  9. Fixed spreads for EURUSD are 1.8 and I doubt the classic ones can compete with this number. For me it’s much easier to have fixed predefined spreads rather than think about trading costs each time I enter the market. The broker is reliable regarding the withdrawals as well, which is why I can recommend it with a clear conscience. The only thing you have to keep in mind is that the deposit and withdrawal methods are rather limited here in my opinion. Few e-payments systems, CC and bank wire, that’s basically it.

  10. HYCM IS A FRUAD BROKER I MADE REQUEST FOR WITHDRAW 1000 TIMES I DID NOT GET MY DEPOSIT MONEY BACK YET DO NOT OPEN ACCOUNT WITH THEM completly fraud and scam broker please please please do not open account with this fraud broker

    • Yeah, I think HYCM is good for you even if you have no trading experience at all. The broker has a simple working interface, a user-friendly trading platform, and a demo account. Usually, all beginners gain experience first trading on a demo, and then open a real account.
      But the most exciting thing for a beginner, HYCM has a huge base of free education. It is divided into categories and in it you can really find everything that interests you.
      So my opinion is that a broker is suitable for more experienced traders, as well as with traders who have no experience at all.

  11. When I started trading here, I analyzed in detail all the data provided by the broker, and on the whole nothing seemed suspicious or ambiguous to me. In practice, while there are no questions, the service is minimalistic, it may seem to some that it is not enough, for some people it is exactly what they need.

    • For MT5 – up to 1:200
      For MT4 – up to 1:500 for Forex
      1:100 for exotic currencies
      1:100 for indices and 1:20 for crypro.
      BUT! That’s only with HYCM SVG. If you want to trade with HYCM that’s regulated by the UK FCA or CySEC – than leverage will be up to 1:30 for forex and 1:2 for crypto. For commodities up to 1:10.
      The full list you can get on the HYCM website, as I rememba

      • Yes, you wrote it all right…
        It’s not bad conditions, is it?
        Otherwise, usually only one asset group has acceptable performance for trading, and everything else is not very profitable for customers. Well, that’s the idea I got after studying the conditions for trading in other companies.

  12. They offer a demo access, so you can train as much as you like. At the same time the broker is regulated, so it’s safe to keep the money on account. Even if you get disappointed in trading at some point, you’ll simply withdraw all the funds back to the bank, no troubles with that.

  13. HYCM is premium brokerage, that’s how I feel it.
    Firstly, there’s many regulations. While most brokers has only one regulation or don’t have it at all – HYCM offers clients to choose between 4 entities. Personally I’m trading with HYCM Ltd, registered on Caymans. I don’t need ‘strong regulation’, but I appreciate high leverage, it’s important for my strategy.
    Secondly, now mini depo is $100, when I was starting it was $500, as I remember. That allows all traders to try trading with company. Most FCA regulated brokers start at $1,000 and HYCM has a clear competitive advantage.
    And the last one – there is Raw account exactly what I need 🙂

    • Yes, it has. HYCM offers MT4 and MetaQuotes has designed app for iOS (iPhones and iPads). Just follow Trading – Metatrader 4 on the official website, there will be button ‘Download on the App Store’. There’s the same button for Metatrader 5.

  14. outstanding broker, i have nothing to compain – broker is just cool and that’s all you need to know. regulated, with tight spreads and many assets. if you want to earn money with trading – that’s the right place.

  15. In fact, there are a lot of offers on Forex trading and companies are now trying to stand out. Although in reality they should only cope in order to provide access to the market and perform all necessary financial operations.
    All the rest is marketing and advertising, although I do not rule out that some training materials and services can be very useful for beginners. It is also important to be guided by your own wishes.

  16. I’m learning to trade with HYCM, now I’m with $200, cause I’m learning, but I’ve plans to invest more money.
    There’s, fairly, some points that I like and some that I dislike. I like that brokerage is regulated, so I don’t fear to invest money (but I still fear to lose them while trading) and I know that I will get my funds and all profits back, however I don’t like that there’s no demo account?
    Am I right and they don’t have demo?

    • HYCM offers demo account, just go to your account after signing up and choose Create Demo Account. Demo is the same as the real account, but without risking your own money.

  17. I often have some problems with calculations of position size, I often make mistakes.
    Can you tell me if there are any tools here for me to solve this question?

    • Right on the broker’s website, you can find a calculator. Among calculators you can find: Pip calculator, Currency converter and Margin calculator. I think it’s okay not to explain what each individual calculator is for. They are easy to use and don’t require any special access. You just go to the HYCM website and use them.

  18. The first time I saw a broker who immediately provides data on the regulation and terms of cooperation – usually it is necessary to find out somehow, but I do not like this.
    I also find it interesting that they have not limited themselves to the standard economic calendar, but have prepared calculation tools and analytics for fundamental analysis.
    That is, in general, you get something that can be used for market analysis and trading, and this is very valuable for traders who have come here to learn how to trade and build a real business..

  19. Calculators are an original and, as it turned out, very useful tool that significantly saves time in the market. I myself have become more familiar with the issue of calculations thanks to this!

  20. Invested all my free money in trading with this brokerage and now I’m full-time. It was hard emotionally and firstly I thought I would just lose everything. However, I learned trading with HYCM educational center and finally I undestood I can make money trading. I don’t think that the brokerage is the first importance things, but at least I can claim that HYCM is good one. It’s just my opinion, but I see no cons.

  21. Choosing a broker you want to get everything at once, because you have already read that today brokers offer truly fabulous conditions, the main thing is that you have money.
    But when you start trading, you realize that the most important thing is a stable access to the market, not excessive spreads and the ability to withdraw money when it is convenient for you.
    I think that’s what this is all about. Everything else is a relative question, may be or may not be…

  22. Im just learning HYCM and haven’t made a deposit yet, I want to check everything before investing my money. I’ve noticed many really positive things.
    1. The broker has 5 (!) regulations. 5, Carl! Why do they need such many? But okay. Among the regulations are both CIMA and FCA + CySEC. These two regulations are very respected in the community, so I think this is a big advantage.
    2. Positive reviews on respected websites, which adds to the confidence that the broker is good not only “”on paper””, but also in “”real trading””.
    3. Minimum deposit only $100. This is the first broker with FCA regulation that accepts traders starting from $100 deposit, so this is great!
    The only drawback is that my strategy involves using fixed spreads. Is it possible to fix spreads on my HYCM account?

    • First of all these variety of regulations is needed cause it covers all the distant areas of the globe this way. Regulations apply depending on the country that the customer comes from. I.e EU customers will be under CYSEC regulation, etc.
      Secondly, you can always change the account type. Simply contact the support manager, they will let you know how soon you can expect the transfer to a new account type. Thye’ve got fixed spreads on one of the account types, so this shouldn’t be a problem.

    • In simple words and short answers.
      1. The more regulations, the better.
      2. HYCM offers three types of accounts: Fixed, Classic and raw. If your strategy requires 100% fixed spreads, use fixed, but I would suggest you try a raw account. There’s 0.2-0.4 pips spreads and $4 fee per round. I think this account is much better than fixed spreads.

  23. When I was still looking through the data on modern brokerage companies, I experienced a real shock, because the conditions that are offered in most companies do not deserve attention at all. It sounds like some kind of manipulation. After all, it immediately becomes clear that a normal trader can not feel safe there.

    That’s why, when I went to the website of this broker, I realized that I finally found what I needed. Because there was nothing doubtful here, I saw the presence of a classic trading terminal, familiar and time-tested tools.

  24. Hi! I just started trading and would like to open an account with HYCM. But I didn’t expect to have a choice of accounts. I don’t know which one I should choose, as the conditions on each of them are different. Maybe there is some program or a guide that will help me choose? That would be really cool)

  25. So far I’m just testing a demo account here. The brokerage looks nice in regard of all these regulations that they’ve got. But I can’t understand, do all these regulations apply to every customer ? SO when I register and deposit my funds will be covered with all these authorities that they list on official website?

    • Hey! Yeah, that’s exactly how it works. Your account will be protected by regulators, which you can read about on the broker’s website. They apply equally to all the broker’s clients, and that’s good thing for you. This way you can be sure that nothing happens to your deposit and it will always be protected by the regulator.

  26. I was told that in order to receive my money, I have to pay HYC a one time $10k signaling fee.

    They told the broker, and me after the fact, if I pay half up front, they’ll release the money so I can pay the other half. When I paid them the $5k, they said it was just a rouse to pay.

    Is there anyone I can complain to, other than HYC?

    • I can answer that question like this. If you already have some experience, this training may seem simple enough and not very informative. But a lot depends on the experience, so sometimes it is worth looking through even the basic things again to make sure you have not missed anything. And the beginner will be interested in it on 1000% because here he will get the base which will help to continue to develop in the market and to pass to more difficult strategies.

  27. I liked working with a brokerage. It’s got good trading conditions, and you don’t have to worry about anything happening to your account. That’s because the broker is fully regulated and there’s nothing wrong with its registration.

  28. I really wanted to understand the market and that’s why I was looking for a brokerage company, which provides an opportunity to work quietly and gradually learn something new about the market. And I think that this company fully meets my requirements, so I continue to work here and learn something new and interesting about the market every day.
    I liked the forex calculator the most, it helps me to do all the calculations. And the money here is withdrawn just in time. There’s no problem.

  29. I think that trading should be done seriously, because this case is complicated, in my opinion. And here we are talking about money, which requires attention under all circumstances. And I will certainly recommend all traders, who are at the beginning of their journey, to concentrate at once to the maximum and work a lot from the first day.
    You can find something useful at this broker. For example, here are created different training webinars and reviews – but a lot depends on your preparation.

  30. I like this broker for some reasons:
    1. 100% regulated. I feel that me and my funds are 100% secure, so i’m free to trade as I want and I don’t care about withdrawals
    2. Withdrawals itself are so fast, sometimes I get money at the same day.
    3. Vast educational opportunities, including both free and payed education, so each trader will find something to improve its trading.
    4. Metatrader 4/Metatrader 5. That’s the best trading platforms, so I like them.
    However, I recently have read one of reviews where author said that there’s opportunity to copy other traders strategies. I haven’t found nothing like this, so can someone explain is this fake or it’s real opportunity to copy-trade?

    • Look, there is no biult in sync trading here,
      But… Here you can work with ready-made trading algorithms – because it is allowed by regulation, and it is a really safe format without constant personal participation. Or you can use MT5 signals to follow some strategy of your choice.

  31. If I open an account with HYCM, will I be able to trade with Bitcoin? It’s just that many brokers still don’t have such an opportunity, and I would really like to get this experience.

  32. I’ve been looking for a broker with which I won’t be afraid to get out of business in a month. And considering the broker’s long history and the fact that it has excellent regulation, I can not be afraid of it. With it, I could finally relax and stop worrying about my investment and its safety. I can just trade and make money without overthinking everything. So I’m glad I opened an account with this brokerage.

  33. My mates are trading with HYCM and I see nothing special. It’s regulated and that’s good, but spreads are high, as I understand. I’m trading demo now and that’s hard to earn there, I’m making 3-5% each month but I’ve plans to switch to real trading after my average profit will be 5-7%. Until then I’m planning to trade demo…

  34. I have been interested in trading for several years. And I believe that this business will be mine for many years, because there is always something to strive for and there are always some unusual moments and non-standard ways to solve them. This company has attracted my attention because of its serious regulation. It seems to me that this is one of the security guarantees. And I have already tested it in practice through withdrawal of funds. Everything went well, the commissions were minimal, the money came the same day.
    And now I am interested in fixed spreads. And for this reason I had a question.
    In what cases is it relevant? Or under what strategies is it reasonable to use fixed spreads?

    • Fixed spreads are better in long-term trading, as in the short-term they will ‘eat’ significant part of your profits. I can suggest you to try Raw account, at least I’m trading with ti and I see it as an more predictable account type (compared to variable spreads) and more cheap (compared to fixed spreads), especially if you have a big trades.

  35. Does HYCM have cryptocurrencies trading? Because despite the popularity of the crypto trading not all brokers have the opportunity to trade it. And I would really like to get this experience 🙁

  36. In general, HYCM didn’t impress me very much. One of those adequate brokers with which it is pleasant to work. I expected a little more from its trading conditions, as to me they are too ordinary. But I am getting a little nagging here) It’s cool that there are several types of accounts from which you can choose a more suitable one for you. Not cool that there is nothing else interesting, standard trading conditions.

    • I’ve never heard of such a possibility. It is unlikely that you can copy signals in HYCM if I understood your question correctly. But there is a lot of analytics here. So you can look at the top 10 movers, for example. And draw conclusions from this table. It’s kind of a clue. I actively use those.

  37. I decided to opt for HYCM because when choosing a broker I always pay attention how long this company operates on the market. Respectively, I favor those who belong to the category of old-school ones. As a rule, such brokers are well-regulated. For instance, HYCM was founded in 1977. It’s regulated by CIMA, DFSA, CySEC, and FCS. Besides this, I appreciate that the broker offers tried and tested trading solutions such as MT4 and MT5. I appreciate that much better than some new and unproven solutions.

  38. In fact, there are a huge number of brokers s now and it is difficult to choose the best one. So you don’t have to pay attention to someone’s advice, you have to be guided by your preferences. I was looking to the way to minimize volatility influence, so I’ve chose raw spreads, for example, because I trade a lot (large volumes) and it is profitable to work with spreads from 0.4 points and 4 dollars commission. But for someone, that might not be the case at all, so be guided with your needs.

  39. I trade with HYCM maybe about half a year. So far I’m doing well, the brokerage works well and didn’t let me down.
    At the beginning, I had problems choosing the type of account, as the broker has 3 of them. But as a result I understood that the Classic account will be the most advantageous for me. On it pretty low spreads, and thus there is no commission as on Raw account.
    It’s also very cool that the broker provides quite a few different assets for trading, among which there are cryptocurrencies (I’ve always wanted to try to trade them).
    So far I have traded on the MT4 trading platform, but lately I’m thinking of switching to the MT5 trading platform. Is it true that the MT5 trading platform supports those exotic instruments that aren’t available on the MT4? That would be cool 😉

    • If you mean assets, than NO.
      If you mean trading features, than yes. MT5 is better in this regard, at least it supports the Market Depth!

  40. I opened a Classic account with a broker half a year ago. In fact, it was quite difficult for me to decide on the account type, as the brokerage represents 3 account types to choose from.
    But I made a choice, and my trading conditions – floating spreads from 1.2 pips, the minimum deposit of $100, the minimum trade of 0.01 lot, it is possible to trade through Expert Advisors.
    This is quite profitable, and fits my trading strategies almost perfectly.
    I chose HYCM as my broker because of its regulation and positive reputation on the market.
    As far as I know, a broker has enough assets to trade with. What are your favorite ones BTW? Any interesting stocks or crypto that I might be missing?

    • Yes, HYCM supports cryptos. The list of supported digital coins is fairly big. Go to the corresponding section of their official website for more deteails.

  41. I often read reviews about brokers. That’s why I want to share my experience of trading in HYCM. I think it will be useful.
    First of all, here is a detailed enough form for registration. So, it is better to prepare the documents to fill it out faster.
    Next, be sure to download the mobile app! There is important news.
    Last but not least, control the risks. This rule applies to all companies.

  42. When choosing brokers, I always pay attention to several crucial factors. For example, I see how fast my orders are executed, how fast my earnings are withdrawn, and their trading platforms. In this regard, HYCM totally suits me.

    • Depending on how you use it, I think. It can boost your trading, but only if you would work hard and would try to become better. Don’t expect that education would be a magic wand that would make you a great trader. But it’s usefull, I was learning with HYCM and now I’m making money with trading and that’s my only one income source.

  43. It’s the brokerage I was looking for, regulated and it still accepts small deposits traders. I’m looking for trading just like a hobby and I’m not interested in investing thousands of dollars, I just want learn trading, practice and enjoy this proccess. But even taking in account I have no plans to invest significant money, I still was looking for regulated brokerage, as I don’t want to be scammed. And HYCM perfectly suits my needs, hope there would be no pitfalls.

  44. Each trader has personal requirements to a brokerage company or conditions for working in the market. And here it’s difficult to give any recommendations, because our wishes may differ drastically.
    That is why I will only list the conditions that are here – and you will evaluate them yourself.
    MT4, MT5, demo, mobile application, three types of spreads (raw with an additional commission of 4 dollars), calculators (free).

  45. I’ve just opened a fixed account with this broker and I guess I can tell im satisfied with it. Everything works well. Im used to trading every day, using different timeframes and financial instruments. The broker’s list of assets contains all im ineresed in. That’s a veteran broker that gained enough trust and respect so the funds safetyu is kinda out of question as well.
    I have an idea with one unknown though. If I had one more account, I could make more trades using different strategies. I wonder if the broker allows several accounts or not. Some brokers don’t allow. I hope for a positive answer.

  46. Of course I can be wrong, but perhaps this company can be called a traditional broker, because there are no formats for passive trading and everything is organized transparent enough for you to start from scratch or for you to get new skills as a professional. Among the interesting moments for this I can mention forex calculators – it’s an unusual thing, which appeared recently, but I think it’s a real help for many, well, at least I’ve already heard from many of my colleagues that they use it almost every day.
    The only thing I am not yet familiar with is raw spreads. If you have already worked with it, what is the specifics of working in this format? Is it safe at all? This is the first time I see it…

  47. HYCM is a reliable brokerage that I’ve been working with for half a year now. When I opened an account with it, I already had some experience in trading. So it was a little easier for me to start trading with a broker than for most newbies. The trading conditions of HYCM are pretty favorable, I like that there are several types of accounts (3 if I’m not mistaken). So for now I’m not going to change my broker.

  48. I feel secure when trading with this broker. It’s because it’s a veteran brokerage service with a very rich experience. Any scam project can’t exist so long (since 1977). I’m used to withdrawing funds to my Skrill account. The broker hasn’t delayed any of my withdrawals yet.

    • If you are a client of HYCM Ltd regulated by the Cayman Islands Monetary Authority, you are lucky because it’s the only branch of the well-known broker that provides a 10% Credit Bonus on every depo you make over $100.

  49. I registered at HYCM on the recommendation of my friend. He has been trading here for a year already. And he’s delighted with the conditions.
    He praises the fast and convenient mobile app. He speaks positively about the trading conditions and platforms in HYCM. By the way, he told me in confidence that the broker is preparing something extraordinary soon. It will be their own revolutionary platform. So I’m waiting.
    In the meantime, I trade here on MT5 because I need to watch the Depth of the Market. That’s a feature in MT5.

  50. Yes, this broker can be called traditional. That’s what conservative traders always welcome. Such traders value in this broker its forty-year experience in the industry, tried and tested trading terminals, perfect execution. Professionals mostly rely on manual trading. They aren’t prone to entrusting their trading accounts to anybody else, so sync trading as one of the numerous forms of passive income isn’t appreciated by them.

  51. In fact, it’s a pretty standard company that won’t be able to surprise you.
    Of course, there are different types of spreads, but all the same, most traders use the usual fixed ones – and that’s enough.
    The customer service is really helpful, so if you have any problems you can go to them, they will help you.

  52. I’m happy to trade with HYCM. I joined this broker following one of the recommendations received on my favorite trading forum. I have always put reliability first when assessing any broker. I don’t care how many exclusive features this particular broker can offer. I just want to have peace of mind when trading with it. I want to be assured that my orders will be executed as it should be and I can always withdraw my money if required. HYCM 100% met my expectations and I like it very much.
    However, I have a question. I want to use a joint account with another person. Is it possible with this broker?

    • Yes, it’s possible to open a joint trading account with another person, one should write to the broker’s customer service to get their official authorization.

  53. I think HYCM did a great job on their services because it is really adapted to modern trading.
    First of all I am attracted by the quality demo, with a full set of tools. And secondly, there are simply gorgeous webinars, which contain a lot of useful information. And this can later be used in practice. Try it.

  54. I like trading with HYCM, but I’m too noobie to draw a real conclusions yet. In November I have made +15% to my deposit, but I’m investing in long term and I boomed on stocks, I think that’s more about luck, than about my skills.
    I withdrawn my money, but recently made a re-deposit as decided to keep on trading, maybe I would succeed this time as well. I’m planning to keep on investing in stocks, as that’s the only one market I understand at least a little bit.
    Another idea that I have in my head is to try Forex trading, but it’s so fast and decisions should be made so quickly… Also, I’ve read about siippages and that they can affect Forex trading. Can someone explain what’s ‘slippage’ and what’s about them in HYCM?

  55. Here are the right trading conditions in the company, I want to say. I like that there is both the more standard MT4 and the more progressive MT5 platforms. HYCM also has a perfect mobile app. You can view important news, check your trades, check your account there. It’s convenient for me to trade with such conditions.

  56. I respect this broker for its reliability and a rich experience in the industry. My personal experience with this company proved that I can continue working with this brokerage service. I didn’t see any attempts to cheat me on the part of the broker and it applies to the trading process and withdrawals.

  57. I’m trading with this brokerage for almost 4 years and I think that’s a long enough term to draw my own conclusions about it. Actually, If you’re expecting a ‘free-money’, then trading isn’t your business at all (as well as any other business),. You should work really hard in order to achieve some success, but if you would – you would be rewarded. HYCM offers all you need to be successfull in trading and other just depends on you.

    • What leverage do you use? I heard some branches of the broker offer very low leverage due to regulation restrictions.

  58. I do not have a strictly negative or very positive opinion about this brokerage company. I have something to compare it with, so I can say that it is a somewhat neutral company with pluses and minuses. For example, there is regulation here which is great news, and money is withdrawn here quickly and with small commissions. But there are no bonuses here which I personally would like to use and the analytics here are too standard, nothing remarkable at all.

  59. There were two reasons to choose this broker for me. First, I appreciate their reliability. I read a lot of reviews about it and found out that it’s a veteran broker with a very rich experience in the industry. Later, after several weeks of trading with this broker, I saw that it’s a really worthy company.
    Secondly, I liked their trading conditions. I chose a Raw account. I did it because this account offers very low spreads. I scalp a lot, so low spreads are very crucial for me.
    The broker doesn’t offer any bonuses, but I don’t care about it. What’s more, I think that the absence of bonus promotions indicates that the broker caters to experienced traders.

    • You should attentively choose a trading platform when registering a trading account with this broker. If you already have an MT4 trading account and want to shift to Metatrader 5, simply open a new account but choose MT5 this time. You can trade on both accounts or transfer funds from the MT4 one to the new account.

  60. What I like about the broker is that it is fully regulated. And also because it has been on the market for a long time and has a good reputation. Because I wouldn’t trust money to some shady people. And now, I can trade with confidence, knowing that I’m well protected against non-trading risks.

    • Have you had any experience with unregulated brokers? I do not ask for the scam of the company. I mean only honest brokers who have not yet become so popular.

  61. I tried trading at HYCM, and I can say that I didn’t find any other brokers’ differences. Yes, the company provides quality service, and there is a great support team. There are a lot of assets to trade in the platforms. And there are two platforms at all. But you will not find anything special here.

  62. You can open a brokerage account and start trading in HYCM even without leaving your couch. All verification is easy to complete in a couple of minutes right on the phone.
    I like the fact that the company takes care of the clients’ convenience. In this company’s case, clients do not have to search frantically for many documents and send them via computer or laptop. Everything can be done very quickly on the phone. You just take a picture of two documents and send it to the app. Nothing gets bogged down in the process. So I’m very satisfied.

  63. If you really want to understand trading and you treat it as your business, then this company is right for you. Because there’s no passive trading methods and there’s no superpower to make 1000% profit. But there are decent trading platforms, forex calculator, demo and analytics. So if that’s what you need – then don’t hesitate at all, it’s something incredible, and it will definitely allow you to develop and move forward.
    I wish the best of luck to the real traders.

  64. The broker offers several types of accounts. All start at $100. That is, the company is focused on a broad audience and traders without much capital. I honestly do not support this HYCM policy. I think there must be an amount on the account with which one can comfortably manage risks. And all this $100 is not that. It is easy to lose them while making a more or less substantial profit on them is very difficult. So I don’t see the point of investing 100 dollars in HYCM. It’s better to trade on the demo until you accumulate the necessary capital.
    But this is my opinion. I think the broker itself offers normal trading conditions. The spreads are tight enough. Only one type of account has a commission. And the choice of assets is quite wide. So the company has everything you need for trading.

  65. I often see unfolding hycm reviews and I can tell you that they are indeed true. But these cold lines do not convey the feeling you get when you suddenly find yourself with a normal broker after numerous dishonest companies. In my opinion it is even sweeter than any profit. At least that’s how the situation worked out for me.
    Because for a long time I couldn’t find a normal company. The difficulties were manifold. From withdrawal procedure to the quality of the terminal. But in spite of the fact that it was hard and undermined my confidence, I still wanted to continue in this particular business and I knew I would succeed. Everything else is just experience.
    Eventually I ended up at hycm and saw that everything can be transparent and honest and that people can really make money in the market and that the brokerage company can work without delays, technical failures and some silly services that make no sense at all.
    P.S. I want to say a special thanks to this broker for forex calculators – really useful stuff which helps me.

  66. I have one question.
    I don’t regret joining your brokerage service because I don’t face any issues here. The broker belongs to the category of the most reputable companies working in this industry and it compensates some of the broker’s downsides.
    Yes, there are some shortcomings but I should stress that it’s not the broker’s fault. The branch of the broker I work with offers low leverage – 1:30. It’s because EU watchdogs restricted leverage. So, it’s just a matter of local legislation. In other regards, the broker absolutely suits me. As for low leverage, I simply open more trades on the chosen asset and it works. I have already got used to this practice.
    Besides this, the broker doesn’t keep me waiting when it comes to withdrawing money. I receive the requested amounts on time. So, the quality of the trading process and withdrawals are the main things that characterize any broker as reliable or not. This broker meets the highest criteria, so I can say that hycm reviews didn’t tell me lies.
    I have a strong interest in opening a joint account with another trader. Of course, that trader has the same desire. I have recently found out that your company supports joint accounts. Could you be so kind to tell me what should I do to open a joint account? I’m waiting for a response from you.

  67. I recently registered with an HYCM broker. I really liked the MT4 platform but people say MT5 is more modern. Is there really much difference?

    • On the HYCM Metatrader 4 trading platform, you can use these tools for trading:
      Forex
      Stocks
      Indecies
      Cryptocurrencies
      Commodities
      ETF
      This is a very good assortment of choices for a forex trading broker.

  68. I chose this broker because I was impressed by its rich experience. Started more than 40 years ago, it’s probably the oldest brokerage service in my life.
    The broker doesn’t try to cheat me when I trade and it pays out earnings. That’s all I need.

  69. As I understand it, HYCM started offering online trading almost as soon as online trading emerged. They’ve had plenty of time to build a reputation, and they seem to have done well. I have just started trading CFDs here but so far, so good. I chose the broker because of its reputation and distribution policy. To my delight, the quality was also excellent.
    With HYCM, you can trade with leverage. Also, there are several real accounts and a demo account – I advise you to start with it in order to understand the broker’s capabilities. The platform works smoothly. The broker offers several withdrawal methods – all without commission. Money arrives on the card within two days, not as quickly as I could have hoped for, but not bad 🙂
    In general, the broker seems to be designed for more experienced traders, but this does not mean that you cannot start trading on it. I recommend HYCM!

  70. Undoubtedly, one of the strongest points of this company is its high reliability. Indeed, a broker with +40-year experience can’t be a scam. So, if you are seeking a trustworthy broker with decent execution, this company could be the right choice. Of course, here you will not have any problems with withdrawals.
    On the other hand, in spite of the elite status of the broker, there are certain nuances that may spoil your impression of working with the broker. There are two European branches of the broker that don’t provide high leverage. With these branches you can trade with 1:30. These are HYCM (Europe) Ltd (CySEC) and Henyep Capital Markets (UK) Ltd (FCA). The only branch of this company with high leverage for Forex assets is HYCM LTD (St. Vincent). It allows to trade with 1:500. Take it into account when deciding on this broker.

  71. It mainly depends on the trader’s strategy and his vision of the upcoming market steps.
    I remember my friend telling me, “”There is one general rule – the longer you plan to keep your position open, the less leverage you should use.””
    Traders use leverage for trades lasting several minutes or more than a month. Therefore, the level of leverage used for Forex trading is highly dependent on the strategy that will be used.
    Scalpers and traders who trade on small time frames try to use the highest possible leverage level as they usually execute fast trades. When scalping, traders usually use the leverage that starts from 1:50 and can go up to 1: 500.
    Positional traders often trade with little or no leverage. The desired level of leverage for a position trader usually starts at 1: 5 and goes up to about 1:20.
    Knowledge of the use and optimal leverage is the key to a successful trading strategy in the financial market. So, regulators restrict brokers in the leverage, reducing the trader’s risk from unnecessary risks and psychological pressure.

  72. This broker is good for me. I started to feel trust for this company when reading reviews about it. It was a surprising thing for me to learn that it’s a very old broker started in the previous century.
    Once I started trading here my trust in the company strengthened because I saw that the broker treats its clients well. I saw that it’s not a cheater and I can trust it. Soon I am going to deposit more money to my account to trade more assets.

  73. I found out about the broker using YouTube. I like to watch various webinars or informational videos about Forex. Also, I am constantly learning new things. Trading is an area where you need to practice and learn constantly. If you want to make money on this, you will have to spend more than one hundred or even a thousand hours reading or watching economic news, events and learning new strategies/systems.
    HYCM provides good opportunities for the implementation of my ideas. I don’t use many new trading platforms, so MT4 / MT5 is perfect for me. Although, for a broker, this is a small disadvantage since it reduces its popularity.
    I like that the broker allows you to trade with huge leverage (1: 2000). It seems to be challenging me. However, this is a big risk for beginners as they try to trade with no real account experience.
    Be prudent and do not rush to trade. You have the opportunity to train on a demo account. Use it!

  74. I have recently opened a Fixed account here. I did that because I require fixed spreads for night trading. But I want an extra income. I heard you have a referral program dubbed Invite Friends. How does it work?

  75. Recently watched a webinar here on fundamental analysis.
    Loved it.
    It gave a very different perspective on familiar things.
    And most importantly they explained it all quite simply and in great detail.
    Cool.

  76. Ahaha, this broker is unique. I have never collaborated with companies whose experience I have gained at least ten years, but here it is as much as 40 years … wow 🙂
    There are popular trading terminals, reasonable regulation, and responsive technical support. But, I think the broker could improve the leverage.
    Also, I hope the broker will add some useful bonuses or gifts for new traders. Really, HYCM is a good company, but it needs to tighten his belts and do it right. Then it will take the top 1 of the best broker. I’m sure of that 🙂

  77. I feel secure here.
    This broker is for those who seek a reliable partner. That’s the case when you can trust this company because it belongs to the category of proven companies with more than 40-year experience.
    On the other hand, the liability of the brokerage company doesn’t automatically mean higher profits. It’s up to you to achieve this. Any broker is just an intermediary between you and financial markets.
    HYCM provides everything required for successful trading. I mean a good choice of financial instruments and proven platforms – Metatrader 4 and Metatrader 5. What’s more, if you like to trade at night, choose their Fixed account. As the name suggests, it comes with fixed spreads.

  78. I have recently had an unpleasant issue with my ex-broker. It dared to bombard me with requotes. I remember someday I even failed to enter the market at the desired price. Perhaps, I dealt with a scam.
    I was in great despair but gathered up my courage to find a proper substitute.
    Fortunately, HYCM was recommended to me as a veteran broker with rich experience.
    I chose a Raw account and started trading. I liked the trading process because I faced no difficulties executing my orders. Besides this, I had no problems with withdrawing funds.

    • Broker HYCM allows its traders to trade MT4 and this is great because this trading platform has a lot of analysis tools. I like to use indicators: Moving Average, RSI, Bollinger Bands and MACD. This lets me know what the trend will be..

  79. That’s a very good broker in a sense of reliability, of course. If you take into account bonuses first when assessing brokers, then this broker is not for you. But if you put reliability first, you will not have any problems with this broker. I mean that you will not have withdrawal and execution issues here. It’s a regulated broker started as a financial company more than 40 years ago. What’s more, it’s considered one of the first Forex brokers.
    On the other hand, there are several nuances you need to take into account before deciding on this broker. The matter is that EU regulators clamp down on this broker’s local branches. As a result, leverage with these branches have been greatly reduced – no more than 1:30 for Forex assets. These branches are HYCM (Europe) Ltd (CySEC) and Henyep Capital Markets (UK) Ltd (FCA). If you have such a possibility, sign up with exactly HYCM LTD (St. Vincent) because in this case, you will be able to trade Forex assets with 1:500 leverage.

  80. Certainly by reading HYCM reviews I was already thinking about working for this company. Because I was satisfied with the fact that this company is obviously oriented to provide real comfort to traders, and that people can work in the market according to modern canons and can earn in such a way that they can personally experience what stability and what confidence are in the future.
    But the key features of this company became clear to me exactly in practice, when I started to trade personally and started to check the quality of certain services. And I noticed that really hardly any delays or technical disturbances happen and it was my personal proof that everything can be organized precisely, so you can control all the processes and act according to your aims. So of course I’m satisfied and I recommend HYCM reviews and the company in general for a permanent job because it’s a place to move forward and become a real professional in what you do – it’s really important because everyone comes for the different perspectives and opportunities – that’s what makes us people who love this business. And I can say that I’m really lucky to be here. I hope that this will continue to be the case.

  81. How much do I need to make a deposit to get the best trading conditions of the HYCM broker?

    • II think that in any case, HYCM broker will offer you great trading offers such as low spreads and zero commissions.
      But if we talk about a good profit, then I recommend that you make a deposit of at least 1000 dollars.

  82. There is no need to introduce the broker, its a well known one. My experience here adds to the experience of pleased customers. I don’t see a reason to look for inexistant disadvantages. the service is excellent!

  83. Broker HYCM promotes profitable trading in every possible way. The information on the site is presented very competently.
    Low spreads, excellent execution speed – minimal slippage (even during news), no problems with servers, the support service gives capacious informative answers to any questions (it does not try to quickly merge if not interested), everything is in order with the withdrawal. The broker can be called really reliable.
    A simple and conservative broker who has been in the markets for over 40 years. HYCM is not sprinkled with unnecessary customer services. You will not find investments in various PAMM, LAMM and RAMM platforms. There are no binary options and other questionable platforms.

  84. Adequate European broker. There are no problems with the withdrawal, there is no slippage, the Expert Advisors do a good job. Every month I receive a report on transactions, if there are questions – technical assistance always promptly satisfies the request. Hedging risks and protecting funds under the compensation scheme deserves special respect.
    I would like to say separately about the compensation scheme – this is the first thing I paid attention to. If something happens to the broker (as it often happens in the market), or he does not pay the deposit, etc. – the fund guarantees the withdrawal of funds under any conditions. I didn’t use it myself, but the presence of this fund already guarantees that I can always get my money by working with hycm.
    The speed of transactions is at a high level, even on the news, which is generally nonsense among brokers. I would like to thank HY Markets for their quality work and attentive attitude towards clients and, in particular, to me!
    I also want to add that hycm is often published in such well-known publications as Yahoo Finance, The Sun, Dailyforex, The Times, The Express, World Finance. As for me, this is one of the indicators of being in a trend 🙂

  85. I like the Raw account type in HYCM. There are minimal floating spreads, fast and accurate order execution.
    I think this account is the best for scalping and intraday trading, which I like to do. Because of my strategy, I trade on short timeframes up to the daily one.
    On a Raw account, it is convenient to make short trades. I make the quick placing of orders and their closing. Trades are executed with good speed even in a highly volatile market.

  86. It happens that the FX market offers lucrative opportunities on some exotic cross-rates, while HYCM does not have them in MT4. But it’s OK for me to switch to the MT5 platform as they are quite similar. Anyway, I make my analysis separately from the platform. I like the Fixed account due to lower spreads, and I don’t need Expert Advisors. I also have an additional income on the HYCM affiliate programme as I talk to many people involved in trading. Reliable broker with strong support from all sides.

  87. I have been trading with hycm for a long time. I recently learned about the existence of cooperation in the framework of the partner program “Partner”. Can you please tell me, has anyone participated in this type of program? What are its benefits?

  88. HYCM provides clients with three types of trading accounts Fixed, Classic and Raw. The max leverage reaches up to 1: 500. The choice of additional instruments is wide, clients can trade energies, precious metals, stocks, indices, commodities, crypto, on such trading platforms as MT4 / MT5, MT4 / MT5 Webtrader, MT4 / MT5 Mobile.

  89. All HYCM accounts offer mobile trading and Islamic accounts are available for all three account types. HYCM take customer service very seriously and have a number of ways to contact their support team. Customer support is available from 11:00 pm GMT on Sundays until 9:00 pm GMT on Fridays.
    In addition to being able to be contacted in writing, there is a telephone support line, and a handy live graph viewer is also available 24 hours a day from Monday to Friday. There are five different email addresses on the HY Markets website so that you can easily contact the relevant department to resolve issues or answer questions.

    • If you are a beginner, you can hardly earn a lot of money fast. First, you should learn how to forecast the market. If you succeed in this, you can work on short timeframes trading intensively in daytime. For this purpose, the broker offers everything required. These are Metatrader 5 or Metatrader 4. These platforms have all the necessary tools to analyze the market. I advise you to take some time to learn how to analyze the market properly. Earning money fast on Forex is possible but it requires practice and a great deal of dedication.

  90. I joined this company following the recommendation of my friend. By that time I had a series of unpleasant experiences with unregulated brokers and this company turned out to be a good solution for me.

  91. I made up my mind to register a trading account with this broker once I learned about its very rich experience of working in the industry – more than 40 years. It immediately made this company trustworthy in my eyes. Needless to say, it’s regulated.
    That’s a good choice for conservative traders, just like me.
    This broker doesn’t offer any fancy features such as bonuses, robots, points for activity and other questionable stuff that can hardly make your trading more productive.
    I opened a Fixed account because fixed spreads allow me to avoid chaotic drawdowns typical to floating spreads.
    I’ve already told that I don’t need signals. I even don’t rely on many indicators. Awesome Oscillator is the only indicator worth my attention. I especially benefit from its bearish or bullish divergence signals. It helps me to timely spot the upcoming correction.

  92. I have been working with hycm for the second year already. In general, I was satisfied with the trading conditions and the service provided. Not without problems, of course, but, as they say, that it is not mistaken and there are no problems only for those who do nothing. Their support helped to quickly solve all problems. I hope they won’t disappoint in the future.
    There is a convenient form of 5 questions, answering which you can understand which type of trading account is best suited.
    When registering, I opened a trading account of the Fixed type, it seemed to me the most suitable – the minimum deposit is $ 100, the minimum transaction is 0.01 lot, spreads from 1.8 pips, there is no commission, there is no EA trading.
    I attracted a wide selection of trading instruments, it seems to me that such a diverse selection of instruments as hycm is simply not available anywhere 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 at the same time I wanted to open in another company.

  93. Nothing is perfect, but I tried to look for the perfect broker)) I think it is said loudly .. to put it simply, HYCM is a broker that meets my wishes. Here’s what I need: trading tools that I constantly study. I think that’s the way it should be. I always read a lot of information on each asset to make a better forecast. Technical analysis is great, but I also use fundamental analysis. I’m pretty sure you need to use both analyzes to be sure. I started trading Forex to make money, so there should be no mistakes!

  94. This broker can’t attract you with bonuses and ultra-low deposits if you are used to receiving such offers. But the company has one indisputable advantage. That’s one of the oldest Forex brokers in the world with a more than 40-year experience. Of course, it’s regulated. So, it will not steal your money. The rest depends on you, how you forecast the market.
    The only inconvenience that you may face with this broker if you join HYCM (Europe) Ltd (CySEC) or Henyep Capital Markets (UK) Ltd (FCA). These European branches of the broker are strictly regulated by local watchdogs that results in 1:30 leverage for Forex instruments. If you have such an opportunity, register a trading account with HYCM LTD (St. Vincent). In this case, you can enjoy 1:500 for Forex assets.

  95. I’m still in the process of exploring this broker. I’m already trading on a Raw account. Despite its name, it’s actually an ECN one that suggests trading with tight spreads and a commission. I see no lags and fraud here that corresponds to a good reputation of this regulated veteral broker. I also intend to open a Fixed account to try fixed spreads. I think I will have money for this already next month.

  96. In my opinion, HYCM is interested in long-term trading of clients. No task to quickly drain. All information on spreads and other things is completely open on the site, all conditions are described in documents that anyone can look at. Even when you trade and compare on a demo account, everything is the same: spreads, quotes. You can deposit from $ 100 to a real account. The leverage for forex trading is set at 1: 200 and the small lot is 0.01. It all depends on the trader whether he can trade profitably. The broker, for his part, provides everything.

  97. The main reason for my registration with a HYCM broker is the raw spreads account. There is a lot of talk about this on the FOREX forums and I decided to give it a try. I have been trading scalping for many years, but I didn’t like the spreads of my former brokers. Everything is different here. This HYCM broker account has spreads from 0.2 pips and it really helps for my trading.
    I am also amazed at the broker’s honesty and the speed of withdrawing funds.

  98. I have been trading with this broker for a long time. I really like that HYCM has licenses from various government agencies. This is very important for me, because I’m so calm about my money.
    I use MetaTrader 4. The platform works quickly, I did not notice any delays. Orders are closed on time, for which a million big thanks.
    But I use floating spreads. What are the advantages of raw spreads? Maybe I should change the account type? Very attractive offfer if you think about it.

  99. I came to HYCM broker after trading with another broker. I will say one thing – why did I not know that there was this broker before? I don’t want to say anything bad about the second broker, everything is fair, transparent and there is a normal software there too. But in terms of trading conditions and service, HYCM outperforms them very well. And in terms of analytics too, I am very happy with the in-house analytics that HYCM provides to its clients. I definitely recommend HYCM.
    Very convenient registration, even from a mobile phone. A good site that is not overloaded with information. Excellent terminal performance. Unobtrusive technical support. Excellent order execution speed; during the entire trading period, there were no particular problems.

    • Yes, HYCM allows its users to trade fix spreads on all the platforms that this brokerage works with and MT4 is not an exception.

  100. I’m more than just satisfied with this broker. It gave me peace of mind. It’s hard to expect something different from a company with more than 40-year experience. It doesn’t offer the richest choice of assets and bonuses, but I know that it’s reputable and regulated. So, I can trade major assets here. I trade instruments unavailable here with other brokers. For example, some altcoins.
    Here I trade on a Raw account. It’s good for both scalping and long-term trading.

  101. Good day to all! I have been trading with HYCM for over four years now and I have nothing bad to say about them. Quite a stable broker. With regard to payments, they come almost instantly. Personally, I try to withdraw money until about 10:00, then you can see the money on your e-wallet before 12:00, and from the e-wallet I transfer money to the card, which comes within five minutes!
    As for the terms of trading here, they are one of the best. The most important thing is the minimum lot for trading – 0.01 deposit!
    For all beginners, I can only recommend this broker because only he has such low entry thresholds, which will allow even people with small deposits to follow the rules of money management.

  102. I know that many traders who trade with HYCM broker make good money. Tell me, what trading strategies and tactics do you use to achieve success in trading?

  103. In this article, you mentioned their inactivity fee as a downside of this brokerage company. I don’t agree with it. I think that it’s a normal penalty on the part of the broker. You should realize that your funds are stored on segregated accounts and such storage costs money. Respectively, when you don’t trade, the broker can’t earn on spreads and can’t pay for keeping your money there. So, take it for granted.

  104. The broker HYCM offers very good spreads to trade, and there is an opportunity to open an account with both fixed and variable spreads. The spread size depends on the account type. For example, on a Fixed account, fixed spreads start from 1.8 pips, no commission. The Classic account offers variable spreads from 1.2 pips. The Raw account offers spreads from 0.2 pips.

  105. Please please stay away from hycm especially if they offered you the choice to register your account in Saint Vincent and the Grenadines ( in which they are allegedly licenced)…

    Market orders execuated through them run perfectly until you start gaining real profits:
    Your orders start getting seriously delayed ( until major market price changes has occured)…

    Other profitable orders don’t even get through even when trying multiple times…

    They did this twice to me in a way that was too obviously intended to hurt my account ( after gaining good profits each time)…

    And every time, they used ridiculous excuses:
    Internet speed issues, software glitches, market volatility..

    Of course with other respectable brokers, you never face those type of issues ( especially when it is very obvious it’s intentional and timely)..

    I got so many recorded videos showing clearly how they screw up your orders…

    To be fair to them, when it comes to withdrawing money : they always sent the requested amount in very brief time ( at least this is my personal experience).

    They are definitely a fraudulent company that would throw ambiguous technical reasons for you to make you accept how you got ripped of your money…

    Please please go with more trusted brokers: they are simply not worth risking your money.

  106. Great broker with decent and consistent reputation. The most important thing is that I am always confident that my deposit is safe and it helps me avoid many nervous situations. I like the trading process with hycm as there is a great choice of trading platforms, so I can choose the platform that I got used to and shouldn’t change it. It is great that the broker cares about traders’ preferences.

  107. There are lots of advantages which can point this broker out from other brokers. However, I want to grab your attention to the variety of accounts which are represented here. There are several types of account and each of these types has its own peculiarities. What is more important is that you can answer five questions in order to understand which type of account suits you most. I believe it’s very convenient for those who can’t determine which account type to choose. Plus, it really saves your time.

  108. When I decided to become a trader I decided to find a 100% honest and professional broker. For me, forex trading is a new occupation and I must be confident in the company which I will give my deposit to. I read a lot that HYCM is an experienced company and there are conditions for profitable trading. For example, I liked the low spreads and high leverage.
    This is all good, but it is important for me to know which organization controls the work of this broker?

  109. I chose this broker solely for long-term trading. Despite it also offers decent opportunities for scalping such as a Raw account with tight spreads, I’m not interested in this offer. Instead, I’m interested in long-term trading. When I intend to hold trades for years, I want to be confident in my broker. I want to know for sure that someday they will not be forcibly closed. So, I need the ultimate reliability and that’s the reason I decided to open a Fixed account here. I’m not so interested in fixed spreads, although sometimes I trade at night when fixed spreads are most advantageous. In most cases, I open trades in the daytime and try to hold them as long as possible. The main thing is that the broker is very reliable, which is good for my long-term trading. It has more than 40 years of experience – one of the oldest brokers in the world.

  110. This broker seems very advantageous for nearly any trader. It offers to choose between fixed and tight floating spreads and doesn’t offer unproven products such as mediocre customized platforms. Instead, traders can work on tried and tested Metatraders.
    It’s a regulated broker that automatically excludes any fraud scenario.
    The only downside of this broker is that its British and EU clients can count on 1:30 leverage due to local strict regulation.

  111. I am still thinking about which new broker to choose, so, speaking of hycm I can see that it is a multi regulated broker with the good reputation among the traders which is really great because now I understand that this brokerage is trustworthy. However, I would like to try my hand in algo trading in order to make my trading decisions less emotional and more logical. I believe that such a change will stand a chance to improve my trading results in the long run. So, my question is whether I will be able to use EAs in my trading if start working with hycm?

  112. This broker is quite universal and ensures decent execution. Before opening a trading account here I learned that it belongs to the category of the veteran brokers and this fact made me trust it because I realize the whole importance of regulation in trading.
    As for my words that it’s “universal” I mean that it caters to both scalpers and long-term traders. Here you can scalp with the tightest possible spreads or trade in the long term with wider spreads. The broker is also good for night and news trading. For this purpose, you can choose an account with fixed spreads.

  113. I don’t really have anything to compare it with because it’s my first broker. But for my first company and my first experience in trading, my impressions of HYCM are very positive and pleasant! You know, at first I was scared, because I had no knowledge or experience, but after I had studied all the materials available on the website, my confidence immediately increased, because I knew that they would help me and do everything to make money! That’s how it turned out in the end. In fact, this is a very old and experienced broker who offers trading on two trading platforms MT4 and MT5. I can also tell you about the withdrawal of money. I’ve been withdrawing money to e-wallets, there were no problems with verification or timing of payments. One of the most worthy brokers in the forex market.

  114. That is a nice overview of what hycm is all about. It is cool that you’ve mentioned educational center of the broker which is pretty awesome. I mean that there is lots of materials about trading and trading strategies and they are of great help for me in spite of the fact that I have certain experience in trading. I always find there something new and try to implement it immediately on my trading. By doing so, I improve my trading and its versitality which really important in order to be able to catch up with the market which is constantly changing.

  115. This broker provides traders with lots of instruments and tools in order to make trading activity much more comforotable. Traders are always in search of such conditions, I’m sure. So, I believe that this broker must strengthen its position on the market and try to implement as much new and useful features as it can. The main here is just to listen to trading community and its wishes. Moreover, i would note an interesting system of types of accounts. I see it quite perspective, by the way, anyone knows how can I determine which types is the most suitable for me?

  116. I need a trustworthy broker with specific trading conditions for night trading and I fortunately found it. As for specific conditions, I mean fixed spreads. They give an advantage when trading at night because unlike floating ones, they don’t widen at night.

  117. You can be lucky only in the beginning, but then it passes quickly. And if you want to earn continuously – you need to learn constantly. Consider trading as a job. And here on the broker’s website all the materials are at your fingertips, which is very convenient. Believe me, among the ocean of brokers, only a couple or three are really good. HYCM broker is just one of them, tested. The broker is constantly evolving and gives its users a wide choice of accounts with different trading conditions. I don’t think it makes sense to look for something else when you trade with a broker with better conditions.

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