HYCM Review

  • Leverage: 1:30 | 1:500

  • Regulation: FCA, CySEC, DFSA, CIMA

  • Min. Deposit: $20

  • HQ: UK

  • Platforms: MT4, MT5, HYCM Trader

  • Found in: 1977

HYCM licenses

  • HYCM Capital Markets (UK) Limited - authorized by FCA (UK) registration no. 186171  
  • HYCM (Europe) Ltd - authorized by CySEC (Cyprus) registration no.  259/14  
  • HYCM Capital Markets (DIFC) Limited - authorized by DFSA (Dubai) registration no. F000048
  • HYCM Ltd - authorized by CIMA (Cayman Islands) registration no. 1442313
  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. Trading Instruments
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about HYCM.

What is HYCM?

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

What Type of Broker is HYCM?

Based on our findings, HYCM is a global CFD and Forex broker providing access to more than 300 trading instruments. The broker offers clients good trading conditions, great liquidity, and low spreads and fees.

HYCM Pros and Cons

HYCM has a long history of operation and is a heavily regulated Broker. We found that the account opening is easy and offers various account types while costs are low. With HYCM you can use various options to deposit or withdraw funds. The broker enables trading through the MT4 and MT5 platforms, also, it offers its own App.

For the Cons, proposals vary according to the entity, and there is no 24/7 support.

Globally recognized financial institutionNo 24/7 customer support
Sharp adherence to regulation in multiple jurisdictionProposal vary according to the entity
Long history of operation and excellent reputation
Forex and CFDs trading
Great Forex trading education and research
Competitive trading conditions


HYCM Review Summary in 10 Points
🏢 HeadquartersUK, Dubai, HK, Kuwait, Cyprus
🗺️ RegulationFCA, CySEC, DFSA, CIMA
🖥 PlatformsMT4, MT5 , HYCM Trader
📉 InstrumentsForex, metals, gold and silver, energy products oil and gas, commodities, indices and stocks
💰 EUR/USD Spread1.2 pips
🎮 Demo AccountAvailable
💳 Minimum deposit$20
💰 Base currenciesVarious currencies
📚 EducationProfessional Education with Live webinars and Seminars
☎ Customer Support24/5

Overall HYCM Ranking

Based on our Expert findings, HYCM is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, HYCM covers almost the globe, so traders from various countries can sign in, also with the lowest spreads.

  • HYCM Overall Ranking is 8.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesFeesPlatformsTrading Conditions

HYCM Alternative Brokers

We learned that HYCM offers a range of trading instruments, good trading conditions, and also low trading spreads and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to HYCM:

  • AvaTrade – Good Instruments and CopyTrading
  • FxPro – Low Spreads and Competitive Trading Conditions
  • XM – Wide Range of Trading Opportunities


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

HYCM Review Awards

Is HYCM Safe or Scam?

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

Is HYCM Legit?

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

See our conclusion on HYCM Reliability:

  • Our Ranked HYCM Trust Score is 9.2 out of 10 for good reputation and service over the years, also reliable top-tier licenses, and serving regulated entities in each region it operates. The only point is that regulatory standards and protection vary based on the entity.
HYCM Strong PointsHYCM Weak Points
Multiply regulated broker with a strong establishmentRegulatory standards and protection vary based on the entity Regulated by top-tier authorities
Regulated by top-tier authoritiesOffshore entities
Good reputation and global expands over 140 countries
Negative balance protection

How Are You Protected?

In simple words, strict regulation means customers 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.

We found that 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.

HYCM Review License


Based on our findings, HYCM leverage actually, depends on which regulation and jurisdiction the 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.

  • 1:30 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.
  • In addition, the leverage offered to Japanese traders is as high as 1:1000.

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

We learned that HYCM account types include three accounts: Fixed, Classic, and Raw Spread Accounts. HYCM uses either a fixed spread (also check fixed spread Forex brokers) model with a slightly higher spread, which means commissions are not charged on trades. The classic account offers variable spreads, and the 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.

Fast digital account openingAccount types and proposals may vary according to jurisdiction
Specified account types offered
ECN trading
Demo and Islamic accounts available
Access to a wide range of financial instruments

HYCM Review Accounts

How to Open HYCM Live Account?

Opening an account with HYCM is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:

  • Click on the “Open an Account” icon on the HYCM homepage
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your personal data by upload of documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit

HYCM Review Open an Account

Trading Instruments

We learned that HYCM specializes in providing trading services and offers a wide range of over 300 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. Also, HYCM constantly improves its range of instruments and now offers a wide selection of Cryptocurrencies.

  • HYCM Markets Range Score is 8.9 out of 10 for wide trading instrument selection among Forex, Metals, Indices, Cryptos, and more.

HYCM Review Trading iInstruments


Based on our Expert research, HYCM fees will vary according to the account type you select or trade, so see which one is suitable for your trading style.

You should consider the HYCM overnight fee or a swap rate. The fee originally varies from one currency to another, for example, EUR/USD buy order will equal -3.25%, while selling will add 1.25% respectively.

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

  • HYCM Fees are ranked average with an overall rating of 8.9 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, HYCM overall fees are considered good.
FeesHYCM FeesXM FeesAvaTrade Fees
Deposit feeNoNoNo
Withdrawal feeYesNoNo
Inactivity feeYesYesYes
Fee rankingLow, AverageAverageAverage


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

Besides, there are Islamic trading accounts available for traders with no adjustments.

  • HYCM Spreads are ranked low with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average, and spreads for other instruments are very attractive too.
Asset/ PairHYCM SpreadXM SpreadAvaTrade Spread
EUR USD Spread1.2 pips1.6 pips1.3 pips
Crude Oil WTI Spread6 pips5 pips3 pips
Gold Spread323540
BTC USD Spread50600.75%

HYCM Review Spreads

Deposits and Withdrawals

Based on our findings, there are plenty of ways to consolidate trading accounts, as well as 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.

  • HYCM Funding Methods we ranked good with an overall rating of 8.5 out of 10. The minimum deposit is among average in the industry, yet fees are either none or very small also allowing to benefit from various account-based currencies, yet deposit options vary on each entity.

Here are some good and negative points for HYCM funding methods found:

HYCM AdvantageHYCM Disadvantage
$100 is a first deposit amountMethods and fees vary in each entity
No internal fees for deposits and withdrawals
Fast digital deposits, including Skrill, Neteller, and Credit Cards
Multiple Account Base Currencies
Withdrawal requests confirmed within 1 business day

Deposit Options

In terms of funding methods, HYCM offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not.

  • Credit/Debit cards
  • Bank Wire
  • Skrill
  • Neteller
  • UnionPay, and more

HYCM Minimum Deposit

HYCM minimum deposit varies according to the chosen account and starts from $20. However, the Raw spread account requires $200 at the start.

HYCM minimum deposit vs other brokers

HYCM Most Other Brokers
Minimum Deposit $20 $500

HYCM Review Deposits and Withdrawals

HYCM Withdrawals

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

How Withdraw Money from HYCM Step by Step:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Trading Platforms

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

  • HYCM Platform is ranked good with an overall rating of 9.2 out of 10 compared to over 500 other brokers. We mark it as good being one of the best proposals we saw in the industry, and a great range including MT4, and MT5 suitable for professional trading. Also, all are provided with good research and excellent tools.
Trading Platform Comparison to Other Brokers:
PlatformsHYCM PlatformsXM PlatformsFxPro Platforms
Own PlatformYesYesYes
Mobile AppsYesYesYes

Web Trading 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 browser 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 a 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 the MT4 or MT5 platform offering a maximum of its trading capabilities.

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

HYCM Review Trading Platform

Mobile Platform

We found that HYCM has also a HYCM Trader mobile app, for traders who prefer to trade on the go, which allows trading at any time and anywhere. HYCM Trader is available on both Google Play and the App Store (all you have to do is search HYCM).

Customer Support

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

  • Customer Support in HYCM is ranked good with an overall rating of 8.9 out of 10 based on our testing. We got fast and knowledgeable responses, also quite easy to reach during the working days.

See our find and ranking on Customer Service Quality:

Quick responsesNo 24/7 customer support
Relevant answers
Supporting numerous languages
Availability of Live Chat

HYCM Education

Based on our research, we found that HYCM provides Webinars and Seminars in various locations, enabling traders to obtain a grasp of the market sentiment, analyze market movements, and benefit from live Q&A sessions.

  • HYCM Education ranked with an overall rating of 8.2 out of 10 based on our research. The broker offers access to valuable webinars and seminars, allowing traders to enrich their knowledge and make well-informed decisions in the market.


HYCM Review Conclusion

Concluding the HYCM review, we admit a strong and very reliable company in the financial market. The time-timed broker offers 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 a quality customer support team and good education or research.

Based on Our findings and Financial Expert Opinions HYCM is Good for:

  • Beginners
  • Advanced traders
  • Traders who prefer MT4/MT5
  • Forex and CFD trading
  • Variety of trading strategies
  • Low fees and competitive spreads
  • Good customer support
  • Excellent educational materials
Russell M From United States | | Friday, April 15, 2022

It’s a scam. Earn money and then send them double what you earned so they can take double your money

George Paules From Greece | | Friday, December 10, 2021

I think that all hycm reviews should be based on a lot of trading experience, because it is hard to write a full honest broker review if you have been trading with them for 1 month. I think that during this time it will not be possible to take advantage of all the advantages of the broker or notice some disadvantages. Speaking of hycm broker we know that there are many things that I'd like to mention. For example, a trading platform. There is the legendary MT4 and its famous younger brother MT5. As many people know, MT5 has more possibilities for analysis. There are opinions that this is not really necessary and MT4 is a complete software for analysis and trading. Who knows? But for a month you will have little to learn ... There are also 3 types of accounts. It's easier because the broker offers a quiz to determine the type of account you need. Great! You also need to decide on the trading time. Everyone knows that there are three trading sessions. Your trading time will also depend on which assets you choose. I think what you need to consider when creating hycm reviews. It will be interesting for me to read .

Chung Tai Sik From Malaysia | | Saturday, September 4, 2021

There are lots of brokers actually which provide their services for traders, who are eager to reach something in trading activity. Unfortunately, not all of them can be considered as reliable and responsive, hence it might take lots of time for traders to choose a proper broker. This one amazed me alot by its approach to the traders' needs. I'm sure that it fulfills it permanently. This broker is regulated by famous regulators and one must be sure that everything with reliability is okay here actually. I liked the system of diversification of accounts. Several types of accounts adds a bit of competitiveness, hence stimulates traders to trade a lot and develop their skills and gain plenty of experience. Moreover, the most pleasant thing regarding these types of account is that you can easily pass a special form, consisted of 5 questions, which may help you to determine which type of account will be the most sutiable for you. In clonclusion, I want to add to this hycm review the detail about the velocity of deals' execution. It's the fastest I've ever met and I'm really glad that I have an opportunity to trade with this broker.

Piotr Wilk From Poland | | Tuesday, August 3, 2021

I believe that HYCM should be noticed by more traders because it's a very comfortable broker and it's really pleasant to work with it. You can find here anything you want for your successful trading activity. It has a huge variety of trading instruments such as shares, commodities, crypto, ETF and indices. I guess that this fact has to be reviewed because today it's kinda difficult to find such a broker which offers such amount of instruments. I was really amazed by the types of account. It has three main types of account: fixed, classic and raw. Every type has its own peculiarities and features. All of them differ from each other in case of the sum of minimum deposits, spreads and stuff like that. Moreover, this broker has several ways of withdrawing money and what is more significant is that it happens in just a couple of hours. If you're a novice and want to try this broker for your initial steps at trading then HYCM provides you with such an option which sounds like the defense from going negative. You can try trading on a real account and don't be afraid of going negative.

Farah Al-Zamel From United Arab Emirates | | Saturday, July 10, 2021

When it comes to trading it’s very crucial to be absolutely confident in your broker. Unfortunately, today it’s so easy to become a victim of a scam broker because the industry is flooded with fraudulent brokerage services. If you lack sufficient trading experience, you can easily become a victim of scams. However, even an experienced trader can be victimized by a fraudulent project. I think that the only way out it to stick with a veteran broker. Such brokers can’t be scams for sure. That’s so good for me that I found the hycm brokerage company. The history of this regulated service impressed me and I decided to sign up. I saw from how my trades are handled by the broker that my choice was right. The withdrawal procedure is also trouble-free here. I don’t see critical downsides here especially at the backdrop of ultimate reliability.

Hanno Binder From Germany | | Monday, March 29, 2021

Good to trade here. I really appreciate to trade with this brokerage service because it has exceeded my expectations in terms of reliability. By the way, when I was making a decision to join this company, I didn’t know enough about this broker. I just followed several recommendations from my friends. They just told me that it’s an old but reliable broker and that’s all. So, having signed up, I opened a Raw account and started trading. I chose exactly that account because I need tight spreads. However, I can’t say that I scalp all the time. I also hold long-term trades. The execution ensured by the broker is top-notch. I don’t struggle entering and exiting the market here. As for the possibility to withdraw funds, it’s also hassle-free here. I had been trading for three months with the broker and then learned from hycm reviews that it’s one of the oldest brokers in the world started in 1977. That just proved the rightfulness of my choice.

Ansgar Hummel From Germany | | Tuesday, March 16, 2021

I was attracted by their ultimate reliability. When deciding on this brokerage service, I certainly took into account a great number of nuances. Reliability was one of them. What I learned about this broker inspired me because I rarely saw brokers with a 40-year experience. So, it was the first factor that spoke in favor of this broker in my eyes. Secondly, I considered their assets. The choice suited me too. As for platforms supported, the broker offers Metatraders that I actively use with all brokers. The two-week testing period proved the trustworthiness of this company. I faced no hassle in my trading. Finally, I managed to make several withdrawals to my Skrill account.

Sid Ssekibuule From Kenya | | Wednesday, February 17, 2021

I learned about this broker from numerous hycm reviews I discovered online. The more I read about the broker the more intrigued I became. As reviews told me, that’s an old broker with a 40-year experience. In my eyes, this fact automatically made it reliable enough. So, it only remained to test it. When I came to their site, I saw that the broker offers up to three trading accounts. I chose an account with fixed spreads. That’s my long-lasting preference. I didn’t care about spreads earlier until I had a negative experience with floating spreads with some brokers. I mean that those spreads tended to increase to much, thus hitting my pending orders when I didn’t need it. After that I decided to be on the safe side and shifted to fixed spreads. They always stand still and I like it. I can’t say anything negative about the trading process. It flows well. The broker allows me to enter the market on the requested price without trying to cheat me. However, it would be weird for such a respected company to do this. I trade major currency pairs with this broker, so I don’t care whether the choice of assets is richest or not. I can access what I need and don’t care about the rest.

Sage Cartwright From Singapore | | Wednesday, February 17, 2021

I have been trading in HYCM for a while now. I can't say that I'm particularly enthusiastic about the company. I'm not an advocate of this brand, that's for sure. I would say that the company lacks certain things, but it does have its advantages. The main one is the mobile app. I like its simplicity and speed. And also the versatility and the alerts for important news. It means a lot to me as a trader. On the negative side, I think there is an unfortunate distribution of account types in HYCM. How to choose what type of account you need? It's challenging. If a Fixed account is not good enough for you. For example, I don't want to overpay for spread because of artificial conditions. On the real market, the spread is variable. I think it should stay that way. It doesn't have to widen in order for the broker to compensate for the extra costs, as it happens with a fixed spread. Of course, there are cases where for traders, this is the only possible way out. For example, if they trade in times of low liquidity on the market. Then, of course, there is no choice but to choose a fixed spread. Because at such times, the widening of the floating spread happens very often. But here I also have a question. Maybe the trader should reconsider his strategy and trading plan? Change the daily routine? It's not as difficult as it seems. It's enough, just a desire to change something. So I can't say that HYCM is the best company for trading. But it's good enough.

Ansgar Hummel From Germany | | Sunday, January 31, 2021

I came to this broker because I was greatly inspired by hycm reviews that I found online. Well, those reviews pictured HYCM as a very reliable broker. You know that today it’s possible to make fake reviews about any broker. So, you need to look through any review online with a critical mind. However, this time I noticed some facts in those reviews that held me tight. So, I learned that this broker boasts one of the richest experiences in the industry - up to forty years. It impressed me a lot. It made me think that such a company can’t be a scam. As a result, I decided to test this broker. I was testing the broker for two weeks. As follows from the quality of the trading process, the company invested a lot in its servers. Another thought that came to my mind was that the broker is well-regulated which means collaboration with top-tier liquidity providers. All of this ensures a trouble-free trading experience. If you are interested in bonus promotions, the broker can’t offer any because it caters to experienced traders who don’t need it. As for the choice of financial instruments, it’s fairly good because you can trade all classes of assets, including currencies, metals, stocks, energies, indices. By the way, the broker also supports a large list of digital coins. It’s very crucial to me because I’m interested in cryptos.

Thomas Prevost From South Africa | | Friday, January 15, 2021

I'm not going to evaluate this broker with some harsh criterias because I believe that everyone has personal preferences in the market and it is difficult to give any specific recommendations and ratings, anyway, there will be someone who absolutely disagrees with you and will also be right. Nevertheless, I have noticed a few things that have caught my attention or caused some doubt. And I will share my subjective opinion. Among the positive things I certainly want to mention the demo, because it always allows you to practice and try something new. But webinars here, although the content is good, but they are very rare and cannot be used as a regular part of the work.

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.

Ossian Finien From Egypt | | Monday, October 12, 2020

I read a lot of HYСM reviews before I have registered in this company. Yes, they have bright advertising and offer promising trading conditions. But I was interested in what real users say about the company. I liked that almost everyone talked a lot about broker regulation. Usually, it is a rather painful question. Because many companies are poorly regulated or not regulated at all. I don`t know what prevents them from buying a normal license, but the fact remains. Traders are worried about their money and even if they like good trading conditions they can refuse such companies. This is not the case with HYСM (reviews confirm this). According to the company's web-site, all clients' funds are kept in the 1-Tier banks. In my research I did not find any mention of the fact that company did not withdraw money or the client lost funds for an unknown reason. I want to say, that withdrawals are quick here. Usually it takes a day or even several hours. There are many options for depositing and withdrawing money. This is convenient. Many withdrawal methods do not contain any fees for processing a request. You can start trading with a minimum amount. There is no high bar on deposits. The company creates a pleasant impression. You can read HYСM reviews to be sure. Here has been done a lot for the convenience of customers. It takes care of the security of client funds so that traders can trade calmly. It plays a huge role for me. Because the profession of a trader already contains stress and worries. And when you are confident in the reliability of your partner in the market you can only focus on trading. It's like pits on the roads: when they're gone, you drive calmer.

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.

  • HYCM Trader Mobile App – is newly released

    HYCM made a new Mobile App with improved functionality as a new release of its proprietary mobile application HYCM Trader. The app includes integrated real-time support, available in 4 languages, and can be downloaded from the Google Play and Apple App Store.

    Read more

303 responses to “HYCM”

  1. I don’t think I have traded with the broker with so many licenses.
    As for me thy are mandatory to trade with peace of mind. Psycholgical comfort is a big part of success in tarding.

  2. I have heard of a lot of very good and interesting stuff and I decided to try it by myself and I am very satisfied and the guys who told me about hycm were true. It is really a pleasure working with them but I have a small question. I want to find some webinars and seminars from hycm but it is kind of hard for me. Do they even have that kind of educational materials?

  3. This is a very detailed overview of the HYCM and I actually very much agree with the authors. But of course there is a lot of better stuff for the higher ranked accounts.
    I do think that it is a kind of diversification. So it is even better for traders.

  4. Usually, big reviews of brokers, like this one, are often time outdated, and after reading through this speedily, I don’t think the broker is much different. Of course, the review has left some new developments out but it has done a pretty good job.

    • Yeah… you are absolutely right there. Reviews are hardly reviewed and updated. New reviews by other people are just written and I can spot a few outdated things in this one as well.

  5. The overall number of regulations and licenses the broker has made it one of the most reliable brokers on the forex scene.

  6. With so many regulations over the globe, it does not get any better than that for traders who are obsessed with security and legitimacy of a broker. HYCM is a well-known entity by all the authorities and so many traders worldwide, that it became like a common thing to know about them. It is one of the trendsetters of the industry offering a great experience in the markets.

  7. Their collection of trophies is massive, like seriously huge. I mean, they’ve won so many accolades that their award cabinet could probably rival even Real Madrid’s!
    Aint surprising why traders and investors all over the world trust this brand!

  8. I’m sure that everyone who read this article paid attention to the licenses this broker has.
    This list is really impressive. It can only indicate one thing. HYCM is a reliable and legal broker.

  9. I couldn’t resist commenting on this article. They listed the following as cons of HYCM: “Account types and proposals may vary according to jurisdiction.” :)))
    The person who wrote this article or made this argument seems to lack a complete understanding of how regulation actually functions. The broker must comply with the regulations of each jurisdiction they operate in and, therefore, must offer different account types and proposals to meet those regulations. For example, in the EU, they can not offer leveraged trading for retail clients over 30:1, while in other jurisdictions, they may offer higher leverage.

  10. A pretty weighted, balanced overview of this broker. I’d say it’s even unbiased at some point, as disadvantages are transparently pointed out.
    All in all, the company takes its share on the market and fully deserves it.

  11. This is a reliable broker with a solid track record, and HYCM trading conditions are among the most commendable, such as:

    1. Trustworthy and Reliable;
    2. Regulatory Compliance: Regulated by reputable authorities;
    3. Diverse Trading Instruments: forex, commodities, indices, and cryptocurrencies;
    4. Competitiveness: HYCM provides fast execution, tight spreads, and a range of account types, catering to various trading styles;
    5. Technological Advancements: HYCM embraces cutting-edge technologies, offering traders the latest tools and features for enhanced trading experiences;
    6. Educational Resources and Support: HYCM provides educational resources, webinars, tutorials, and market analysis to empower traders, along with dedicated customer support for assistance.

  12. I think for a broker of this quality and history HYCM could do more in terms of accounts and trading assets.
    However I’d be honest and say that the reliability and reputation of the company is like no other broker has. Which is far more important for financial entity.

    • If you are talking about the MTs, then absolutely. No doubt that you can even carry out advanced analysis on your mobile device with the apps.

    • Yes, I believe it is real. How can I be so sure? I use it myself. I trade with the mobile app of this broker and frankly I am doing very well. So if it is possible for me then it will be possible for you too.

  13. I placed a withdrawer in my account but the customer service asked me to pay a tax and l wanted to know weather it’s true.

  14. I have an account with hycm for some time now and I wanted to withdraw but the customer service demanding that l pay tax before receiving the money and want to know weather it’s true.Thanks

  15. HYCM provides traders with a user-friendly dashboard that offers a range of educational resources for beginners. The platform offers a variety of account types with low minimum deposits and a good leverage.
    However, the broker lacks a proprietary trading platform which makes the entire experience less personalized and more generic, if you ask me. It is really things like this that make a broker stand out in this age.
    HYCM is just alright.

  16. HYCM has a nice story and that is what attracted me in this broker, I believe such companies has a better quality of services, than those established a year or two ago. By the way, are trading platforms functional?

    • Totally. Even though the broker is old, their services, platforms, integration and connectivity are definitely not outdated .You don’t have to worry about HYCM being technologically advanced, no problems there.

  17. The broker has a good variety of trading accounts that each client can open.
    Thanks to this opportunity I was able to pick up those trading conditions that are more consistent with my trading strategy.That is, I get more profits thanks to it. And I feel comfortable trading in financial markets. It means a lot for professional traders.

  18. I often see on the Internet lately information that some financial exchanges or companies providing trading services have stopped their activities. Perhaps, this is because they do not have enough capital to hold on in economic troubles.
    I feel that HYCM is a powerful company with a lot of capital. Because the quality of service is impressive.
    But is there any credible confirmation of this?

    • HYCM as a company has probably seen every kind of market environment and regulatory processes there could be. I wouldn’t worry about their presence, since they are literally veterans in this sector, which adapted to every type of change and shift in the trends that passed by throughout all these years.

  19. I’ve been trading with hycm not for a very long period, still I managed to raise some bucks here and acquire some new knowledge. The latter is due to comprehensive educational system implemented by the broker. Moreover, I may be mistaken, but there is even a blog. I’ll check it out later if it exists.

    Anyway, conditions here are attractive for me – several account types with different spreads, modern trading platforms and contemporary instruments. It’ll be a real sin to complain about such brilliant services. Probably, one may notice some minor downsides of this broker, but, overall – there is nothing to talk about.

  20. The peculiarity of this broker is its conservatism. It upgrades its services not very often, but uses the best and only time-tested tools.

  21. HYCM is a big player in industry. That is why I like the analytics they provide. Always good to know opinions of the professionals that were here for years. Company provides a good quality on this, so you would better check it out.

  22. Only after you start using quality services you begin to appreciate comfort! Yes, with this broker I forgot about small technical dificulties.

  23. My Hycm account is only a couple of weeks old, but from the first perspective this broker is a reliable place for trading and making money.
    Yet what platform should I take if I want to trade stocks mainly?

    • Regarding the fact that MT4 has very little stocks to trade on, about 10 items if I’m not mistaken. You should definitely take the MT5 platform.
      On top of that MT5 has better functionality, more timeframes and built-it indicators, in case you’ll need it.

  24. Highly regulated forex broker, which equals highly credible and reliable too.
    As it is very well-known that regulation defines security in this sphere.
    The only complaint is that, for some unknown reason, MT4 platform has less trading instruments than MT5.

  25. I owe so much to this platform. I have been trading for years and this company has been there for me throughout all those years.

  26. I filed an email complaint to broadoak-capital cum after this company scammed and i was able to recoup my loss. It was a long journey, too long to fit into one post but i hope other people get help too. I almost lost my sanity because of that horrid experience but grateful i got help.

  27. Hycm professional education is what attracted me to this company. It was really unusual for me to see such a wide range of educational opportunities.
    As a rule, forex brokers give access to some basic articles, and some youtube videos, at best.
    At Hycm there are not only basic articles and videos for beginners and not only. But also different live events with the company’s experts, webinars and seminars.
    If it’s not enough, there is a Blog with additional trading knowledge at your disposal.

  28. I used to work with a couple dubious broker but both of them was questionable. I mean lack of regulation is one of the reason I didn’t continue to trade there. In addition, trading platforms were not as comfortable as Metatrader is. That’s why I began to work with HYCM – it’s regulated and has MT as their main platform. And I would like to know if Expert Advisors available here?

  29. Numerous regulations make Hycm broker one of the most reliable companies that provide brokerage services out there. At the end of the day it’s the requirement that every reasonable trader needs.

  30. I think it is great that company offers Metatrader trading platform as the main one. Companies nowadays want to be spotted and roll out a proprietary software, but these platforms are taking time to master it and they are not made for trading but for marketing needs only.
    In this regard good old MT is much better as a lot of traders has an experience working with it. They say it is an industry standard and I can not disagree.

    • I suppose it’s easy to make money with any broker, especially with this one. Why I highlighted “especially”? Everything is because this company for me is a top 3 brokers I have traded in my life with. The conditions here are universal and might be suitable for all types of traders.

      Why I consider trading activity as an easy one? I believe everything is concluded in our mind. We draw the borders in our mind and are convinced that where is easy money, there is either a scam or it’s not simple at all. If you will eliminate these borders and cease restricting yourself – everything will be okay.

  31. I don’t have a problem with the broker having the MetaTrader platforms as the only platforms available. The MT4 and 5 satisfy the needs of traders and I don’t see a reason not to like them. They are the most popular and most used trading platforms and almost all traders know how to easily use either one of these platforms or both of them. I see this as a plus for the broker and not a negative.

  32. Quite a reliable broker that was my first impression of HYCM. You get hundreds of instruments across 5 markets. All this under the umbrella of strict regulations and decades of brokerage.
    Nevertheless the entry threshold is pretty high for newbies especially.

  33. What are the real spreads on a raw account? It seems to me that they are super tight, but is it real?

  34. didn’t find something surprising here. several types of account – yeah, they are quite interesting, but I saw lots of accounts with tons of conditions. it can’t surprise me.

    however, the broker is pretty attractive.

  35. while HYCM seems to be legit please be careful of a scam artist who has created an app called HYCM with very little information and claiming to be part of the real HYCM company, look for clues and ensure you read about it. about us area will have spelling mistakes, grammatical mistakes. i was unable to find any website warning people about this place. i have personally lost money on this app so beware of this scam.

  36. I think the best broker advantage is that every customer can choose account type that suits them best.
    Yes, HYCM has several account types. Each account type has its own special trading conditions. I can choose account which fits my trading style.
    Also, it’s possible to open several trading accounts with different conditions. For example, I use many trading strategies and trade on two accounts at the same time. I can quickly switch accounts in trading platform and control my trades.
    Such possibilities allow traders to improve themselves! And no need to look for brokers with different trading conditions.

  37. What I like about HYCM is that it guarantees safety and security of customers’ funds and personal data!
    I take it very seriously when it comes to personal data and funds. It is important to me that company I entrusted my data or money to is not only honest but also safe!
    I think that HYCM is one of the most honest and safe companies. This is confirmed by several proofs:
    1. Company’s reputation
    Broker has great experience in providing brokerage services and is respected by traders. This means that company is providing stable and high-quality services. So it means reliability!
    2. Protection of customers’ funds
    Broker uses separate accounts for customers’ funds to keep them apart from company’s funds. In addition, customers are protected by FSCS (Financial Services Compensation Scheme) and ICF (Investor Compensation Fund). These funds protect HYCM customers’ funds from possible emergencies.
    3. Data protection
    Broker’s trading services are designed to meet rigorous security standards of international financial and banking institutions.

    I think that proofs show highest level of security. I am 100% sure my data and funds are safe! 🔒

    • Oh yeah, it’s really safe place. Looks like broker guarantees very serious client funds protection! I don’t know where my money would be more secure in bank or with HYCM!

  38. I like the way hycm executes its duties. once applied to customer support in order to solve a problem with verification of my account, everything was okay but I had to wait for a certain amount of time.
    don’t like to wait, but at the same time I understand that this procedure requires waiting.
    generally, the broker offers cool conditions, especially types of account. they are awesome!

  39. once my friends advised me to start trading with hycm broker, they boasted that they managed to earn 100-200$ per several days and I was impressed by such results.

    decided to start trading with this broker and actually… don’t regret that made up such a decision. broker is comparatively strong and really offers lots of opportunities, however someone can tell me what’s with the requotes on real accounts?

    • I have been trading on MT5 platform at HYCM broker for couple of years. Before that, I was trading on MT4 platform for about year. Sure I will be able to give comprehensive answer to your question.
      Order execution depends a lot on situation on financial markets. If you try to open position during important news releases, you might get requotes. Liquidity provider that supplies quotes to broker will be to blame for such requotes. HYCM, for its part, executes orders instantly.
      In addition, order execution speed may depend on Internet connection speed.
      In short. Suppose you have fast Internet connection and no high market volatility due to important news. In that case, HYCM will execute your order instantly.
      By the way, once I opened order on news and everything was fine. Maybe it was luck, or perhaps HYCM provided high speed.

    • I have been trading for several weeks on a real account and haven’t saw anything differ from demo. I think this is a good indication for broker and its infrastructure

  40. generally, I liked the broker but there are some weird things like the existence of classic and fixed account where distinguishing traits are only spreads and trading with expert advisors.

  41. Is HYCM broker suitable for novice traders? How difficult are MT4 and MT5 platforms to use?

  42. There is an opportunity to deposit money via bitcoin wallet. And actually there are dozens of methods how to deposit and withdraw money. I like it. Always use several methods in security reasons. .
    The accounts there are also quite fascinating. No issues at all. Cool spreads, even on fixed account. 1.2 pips not so high, especially if they are fixed.
    Yeah, they widen during high volatility times on the market, but not significantly of course. Generally – try it out, won’t regret! 🤗

  43. several regulators has personally impressed me.
    I kind of understand that this is obvious due to they offer their services to traders from different countries.
    But still, it seems quite impressive 👌👌

  44. broker is stable, has three account types, clear license, dozens of instruments and two metatrader trading platforms. no need more for profits

  45. The broker is beginner-friendly that’s for sure. Also it seems to me that it has the characteristics that are universal for all types of traders no matter thу experience.
    1. Diversity of markets. Crypto, forex, commodities, all you need whether you are a newbie or a veteran of trading battles.
    2. Account types. Fixed or classic, accounts that would be more suitable for novices. They have no commission, variable spreads with a minimum deposit of $100, which is something that even a student can afford, if he saves some money on beer:) And raw for trading masters, it is commission based, but has very tight spreads.
    3. Trust. Trust is important for everybody no matter what. HYCM is a company you can trust. Not only its history has decades of financial services, but the broker is regulated by the major financial authorities throughout the world.
    4. Platforms. All HYCM trading accounts have access to Meta Trader 4 & 5 platforms. These platforms are available on every devices: desktop, mobile, iOS, android whatever you need.If you are new to trading MT is what you should learn. If you’re an old-timer you already know how to deal with it. There’s no need for a proprietary platform at all.

    • wow! you’ve allocated so much things as I dunno know what to comment on. I’d just note that presence of types of accounts and diversity play the major role in this list.
      Many traders underestimate the fact of having all the main instruments in trading, because they trade actually one or two lol, but I, for example, prefer to switch between forex trading, crypto trading, stock trading and so on.

  46. From my trading experience, I prefer to trust strong brokers with years of licensing. Regulation and registration are fine. As I know, hycm is a broker with decades of experience. No matter what is going on around, our funds should be in a safe place. I’m cool with it. I make my trades, and profit comes, so everything goes by its plan.

  47. For me, the reliability of a broker is the key. That’s why I chose HYCM for the most part. The first thing you notice is the number of major regulators that HYCM has, FCA, MiFID, CySEC, DFSA & CIMA. Each jurisdiction has its own respectable authority. Also the company has segregated funds in top tier banks, like barclays or eurobank.
    It’s equally important that a broker has offices in different parts of the world, to provide stable trading services worldwide, and it’s important from a client’s perspective to be in touch with the broker not only virtually but also physically.

  48. One of the oldest broker company on forex market with clear registration and regulation by global and national institutions.

    For me all pros and cons of a topic are the same as i see it.
    I also trade by using metatrader platform also with my phone. I started with demo account and with 100$ real money by using educational platform knowledges i start to make good trades. my deposit is growing.

  49. It is clear that each broker has advantages and disadvantages. Still, overall I have no complaints at all reharding HYCM

    • I’ve been working with broker for several years. no problems. everything is fast and clean. i heard they have help centr, just in case

    • I also want to say that during my trading with HYCM, I had no problems at all. Every order was executed instantly. Unless, of course, you trade on strong news. I have no problems with deposit and withdrawal.
      In my opinion, this is exactly what you expect from big broker.

  50. I am sure that HYCM company is truly safe. I trusted my money when I wanted to earn extra money for acquiring a bike by making greater depo for my trading strategy, and everything was okay. Yeah, there might be delays with withdrawing money but it’s okay. I have never complane about such details, as I understand they have many withrawal request.

    company is well regulated and as you may check on website won dozens of awards. AT least, for me, such things are sigh of a reliable broker.

    • the difference is the amount of spread you you to pay and a comission per trading volum. Starting from zero and so on.

  51. From all three types of accounts, according to the results of the special form, I have chosen fixed account. Minimum deposit as small as 100$. This sum seems to me pretty acceptable.

    Spreads on fixed account from 1.8 pips. It’s also okay but of course I wouldn’t refuse if I was offered tighter spreads

    For opportunity to get vip stsuas of your account you need to execute special conditions in order to get it. This is my goal for now.

  52. Reliability which hycm obtains has certain price.
    Surely, HYCM is one of the most regulated and one of the oldest forex brokers, which makes it absolutely credible and trsutworthy in my eyes. However, such stability and consistency is definetely not free of charge. It just cannot be so. That is why, trading conditions here are not the best on the market but they are still pretty competitive. It is up to you what you need more: reliability or best trading conditions.

  53. I’ve been trading with HYCM for about 6 months and I cannot say anything bad about this broker.
    It works pretty consistently, the orders are executed in a fast manner, so that there are no slippages or requotes. I also had a chance to talk to the customer support and I found it very effective. All of my questions were answered and I got all the necessary information. However, I think that the trading conditions could be better but probably it is the right price for such a good service.

  54. Hycm is an amazing broker which supports mt platforms
    the speed of order exuction is really fast. I mean that there is nothing more irritating in trading than slippages and requotes. However, they happen qute rare when we are talking about trading with hycm.
    So, these very things make me confident about the fact that I made the right decision when I started to trade with hycm.

  55. The broker is time-tested… Trading with HYCM, I can be sure for the safety of my funds and for the fact that any of my questions will not go unanswered.
    I started trading here not too long ago and this is my first broker. Before that, I only studied theory, but it was here, thanks to great webinars, that my puzzle came together and I started to trade with small profits… I trade on mt4, and would like to switch to mt5.
    Can you tell me if there is any training on the functions of mt5 trading platform?

    • Guess that as for the training on mt5, you can just open the platform and train on a real account, or you can use it on demo. However, I never advise traders to stay on demo for so long, because it may cause unpleasant consequences. You will never feel the risk on demo and this habbit will blow your real money depo

  56. Many traders are looking for opportunities and I think brokers like HYCM can help.
    Of course at the first stage there can be some problems. For example, there are problems with trading platforms and account types.
    Metatrader 4 and 5 are not the easiest platforms in the world, so you need some time on the demo account to learn how to use it.
    It’s difficult, I agree, but the result will be nice…

  57. This broker…. and how I feel it tunes my mindset to something serious. You know when a broker is experienced with over twenty years of working in this sphere and …..trading conditions for true professionals, it all helps to be more disciplined and organized. Maybe you may find me too sensitive but I really feel like this.
    I tune down leverage to small numbers and trade conservatively in the long term. For me it’s hard to imagine differently with this broker.

  58. I like the system of trading account types there. I mean that surely, all of us have different preferences concerning trading and concerning spreads in particular. I like the fact that hycm can offer fixed or floating spreads and the minimal deposits for these accounts are quite the same. So, you don’t need to be a millionaire in order to avoid trading with the more preferrable conditions, you can choose what suits you best!

  59. I came to HYCM after being out of forex trading for a while. The support staff was very patient with me. Not one question went unanswered. They gave me faith in myself and provided me with all the tools I needed to succeed. HYCM is a truly honest broker in a world filled with scammers and sharks.
    In addition, here you can choose an account with fixed spreads and not be afraid of over-the-top trading fees. the spreads here are small…
    I highly recommend them to everyone!
    I want to know which platform you can recommend me here for scalping, MT4 or MT5?

    • I feel that it is more like a matter of taste. I believe that it is better to learn mt5 as it is more modern and updated, it can offer much wider functionality.

    • MetaTrader 5 is a widely used trading platform for Forex and especially CFDs. It is more powerful than the MetaTrader 4 platform, offering enhanced social and copy trading features, as well as better back testing and analytical functionalities. I would choose MT5 trading platform, however we shouldn’t exclude MT4 from this list as well. I prefer MT5 and i would reccomend it for any strategies as I supoose the days of MT4 will last someday.

  60. I haven’t been working with HYCM that long, and I haven’t formed any stable opinion about it yet.
    On the one hand I like that they do not have any special difficulties. All goes well so far.
    On the other hand fixed spreads, that I have tried here, haven’t helped me much, on the contrary, I have “overpaid” much for sure orders.
    I’m still thinking what to do next.

  61. A few months ago, I opened my first HYCM trading account for the first time. Before that, I traded a demo account with this company.
    I liked the trading software and what this company promises so I stayed here and am now a HYCM broker trader.
    To be honest, I immediately chose this broker because it is the most experienced one. This company’s been operating for ages and I think it means a lot.
    I am sure that if there were any problems or a scam, the company would have ceased to exist.
    As for the live account, I chose raw spreads. They are very small because the broker does not add their markup. This is great.
    Of course, there is not a big commission, but it is too small and it is better than having an unpredictable large spread.
    Now I have certain knowledge and I think that trading will be successful.

  62. My best friend couldn’t get a job for a long time and was very nervous about it. I wanted to help him, just when I was opening a new store, I offered him the position of manager. I tried not to control him and didn’t interfere in his work too much.
    But one day I saw open charts on his computer that had nothing to do with work LOL
    I started to ask him what he was doing and found out that he was trading forex with a HYCM broker. It all became interesting to me, especially when I realized that earnings here are not limited. Now me and my friend are trading with this broker. I don’t suggest quitting the business – I didn’t personally – but you can combine trading with almost any job. It doesn’t take all day.

  63. In HYCM I saw for the first time such a phenomenon as raw spreads, yes, it definitely has its own characteristics.
    You’ll need some time to get to grips with it, but basicall raw means ‘very tight’. That’s about all u need to know.

  64. HYCM looks really decent and honest to me. Not every broker is capable of surviving for more than 40 years in such a competitive and even toxic environment as forex market. More than that, the broker is also regulated by several third-party organisations whicb only strenghtens my trsut to these guys. I’ve heard that hycm has some statuses system and I am really confused of how to choose the status which would suit me the most? Is there any life hack to that?

    • You are talking about some kind of statuses .. hmmm .. probably you meant the types of accounts.
      This is true, there are types of accounts with different spreads:
      – fixed;
      – variable;
      – raw spread.
      In order to understand which one you need, HYCM broker has some kind of quiz on the site. There are 5 questions. When you answer this, you will be prompted which account you need.
      It’s actually easier than it looks. 😉

  65. I think that one of the main advantages of the HYCM broker is the experience of this company. The company has been providing financial services for many years. I have known about them for a long time.
    So I read different HYCM reviews like this one.
    I think I will open a larger account here. To be honest, at first there were some doubts, but now I understand that there are no drawbacks because of which it would be difficult for me to trade here.

  66. I came to trade here by friend advice . Iopened a Classic account with floating spreads from 1.2 pips.
    The minimum deposit here is only $100.
    I like the educational section, which has everything: video lessons, e-books, description of trading strategies. There are also great courses for beginners. In this section I picked up a suitable trading strategy and modified it for me.

  67. I am very impressed with the way the broker works.
    First of all, I like the excellent trading conditions. I can choose an account with low spreads. I like raw spreads. I just opened such an account and the commission is not high, and I hardly notice the spread.
    Second is experience. The company has been working for a long time and this means that the broker knows different situations and can solve any questions and problems. HYCM always knows what traders need.
    Third, these are the Metatrader trading platforms. There are 4 and 5. You can choose.

  68. I like the fact that HYCM broker offers more than 40 currency pairs for trading and leverage up to 1:500. For stocks, the leverage here is lower, about 1:20, but that is not surprising, many stockbrokers offer low leverage.
    The spreads here are average, although the broker’s website says that the spreads start at 0.1 pips, I have not yet had to deal with such spreads. I often trade stocks on MetaTrader 5 trading platform, it is a pity that there is no possibility to use mt4 for stock trading.

  69. As a broker HYCM is very strong. It is not for nothing that it has been on the market for so many years and has high positions everywhere. The application for mobile trading is clear, it replaces the full-size terminal completely.
    Always ready to help. I got lost in the settings of the terminal, called the manager. We set it up together in a couple of minutes. And that’s the way it is with everything.
    The broker has groups on Skype, Vyber, Telegram, Watsap and Facebook. I recommend this broker.
    What do you think of this mobile app?

    • Mobile application seemed to me pretty convenient and I didn’t spend so much time on sorting out how to use this mobile application. Actually, this details was the main for me, so I can claim that everything is okay with it.

    • I never use mobile apps for trading. They can’t beat a full-fledged desktop platform in terms of functionality. This broker absolutely suites me but I trade on its Metatrader and not on its app.

  70. Previously, I could not understand how a HYCM company can have more than 40 years of experience if online trading has become popular only in this century.
    Then I found out that this is a group of companies that provides various financial services. Then I believed in the competence of HYCM and believed that I needed to trade with this broker.
    To be honest, I have no regrets. I have been trading here for half a year and have already started making good money. So there is a chance here to make money, but everyone will have to study and work a lot.

  71. I can’t complain about this broker because it has not let me down yet. It offers good trading conditions. I opened a Fixed account because I needed fixed spreads for night trading. I mostly trade major currencies and cryptos here.

  72. HYCM was incorporated in 2016 when the Henyep Group merged its investment brands. HYCM has already won more than 20 world awards in three different categories. When I was looking for a broker for myself, I certainly paid attention to this information.
    I wanted an account with low fixed spreads, that was one of the reasons why I registered with this broker. Also this broker has an account with floating spreads and trading conditions on this account are as good as on the fixed one.
    Another thing that was if not very important to me, but nevertheless was a nice bonus is the availability of withdrawal to Webmoney system. I created myself this wallet more than 15 years ago, when the whole world was just starting online trading. Yes, the commissions may be large, but how convenient it is for online payments.

  73. I like this broker. During the time I worked with it there were no negative moments. Despite the reviews about unregulated market, I managed to make about 100% profit in a year with this broker. So, if there is a good broker and a profitable trading strategy, the result is guaranteed. In addition, trading signals from the broker can also be a good support to hedge risks from your own inexperience.
    I can also say that there are good trading conditions here, there are accounts with fixed and floating spreads, with floating spreads starting from 0.2 pips, which, you must agree, is a very small figure.

  74. I chose this broker to test my trading strategies. I should note that I always test my strategies on real accounts. A demo account is a worthless toy to my mind.
    To successfully test my strategies, there should be the following conditions.
    A broker with a good execution. I can give you a prompt: as a rule, only regulated brokers can ensure good execution.
    Metatraders, Metatrader 4 would be the most preferable because I work with customized indicators with the EX4 extension.
    Fixed spreads. It would take much time to explain, just believe that I need this.
    This broker gave me all of this.

  75. I cannot (or do not want to) install on my computer any software to trade Forex with HYCM broker. Will I be able to trade Forex in this case?

    • The broker offers different options for using the platform for trading, offering desktop and web versions of the MT4 platform.
      Since HYCM broker is only focused on using MetaTrader, mobile versions of the MT4 app for iOS and Android are quite standard and available for download from the Apple iTunes and Android Playstore.
      Although MT4 at all brokers is standard with slight variations in functionality, significant differences can be in how the platform is set up in terms of trading spreads and commissions, order execution and other tools, features and administrative areas. You can also see the differences in the web version settings.

  76. I think that I could have labeled this broker as ideal but some European regulators spoiled the situation, but there’s nothing to do about it. So, in European branches of the broker one can’t trade Fx instruments with leverage higher than 1:30. However, if you are lucky to trade on Dubai or CIMA accounts with this broker, you can count on 1:500 leverage for these instruments.
    In all other regards, the broker is very good. Look, it’s regulated and provides both fixed and floating spreads.

  77. HYCM is a nice broker with the long history of operation on the market. Actually, the broker was founded in 1977 if my memory serves me right. This says a lot about credibility of the brokerage because it is impossible to work for so long being a dishonest organization and a scam.
    I started to trade with hycm several months ago and I am going to share my experience with you here. One of the most important things in trading is your mediator with the market, I am talking about trading platform. Hycm offers a choice between mt4 and mt5 and that is really awesome as I am a fan of mt products. I didn’t have to change my trading habits after switching to hycm and I am really happy about it. Spreads are quite competitive on the market, so that they don’t take a lot from my profits.

  78. 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.

  79. 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.

  80. 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?

    • To my mind the main advantage of this broker is that it allows to choose between floating and fixed spreads. I personally chose fixed spreads because they are good for high volatility trading. Respectively, if you intend to trade in a high volatility session, you’d better open a Fixed account. It’s quite a universal account,except for scalping. If you like to scalp, open a Raw account because it offers tight spreads.

    • Yes, HYCM broker has really different three types of accounts in terms of trading conditions. How to determine which type of account is right for you? Probably it depends on your trading type first of all. To determine that, you should take into consideration how many positions you open, whether you prefer to trade on the news or on a quiet market, whether you trade at night or in the evening, or during European and American sessions. All this affects the choice of trading account.
      For example, even though I like to trade on the news, I chose for myself an account with floating spreads, because at this broker I didn’t notice significant spread widening, so I make much more profit on this account.
      You can start with an account with fixed spreads, that’s what all newbies usually do.

  81. 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.

  82. 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.

  83. 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.

  84. 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?

    • Broker HYCM has trading platforms Metatrader 4 and 5. This software has the ability to connect trading robots and advisors.

  85. 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.

  86. 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.

  87. 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?

  88. 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.

  89. 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.

  90. 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.

  91. 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.

  92. 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.

  93. 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?

  94. 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.

  95. 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.

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

  96. 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.

  97. 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.

  98. 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.

  99. 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.

  100. 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.

  101. 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.

  102. 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!

  103. 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.

  104. 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.

  105. 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.

    • 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.

  106. 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.

  107. 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.

  108. 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?

  109. 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.

  110. 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.

  111. 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 🙂

  112. 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.

  113. 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!

  114. 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.

  115. 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.

  116. 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.

    • 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..

  117. 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.

  118. 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.

  119. 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 🙂

  120. 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.

  121. 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?

  122. 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!

  123. 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.

  124. 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.

  125. 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.

  126. 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!

  127. 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.

  128. 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:
      This is a very good assortment of choices for a forex trading broker.

  129. 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.

  130. 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.

  131. 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.

  132. 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.

  133. 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.

  134. 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.

  135. 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.

    • 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.

  136. 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.

  137. 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.

  138. 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.

  139. 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.

  140. 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.

  141. 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?

  142. 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.

  143. 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.

  144. 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.

  145. 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.

  146. 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.

    • 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.

  147. 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.

  148. 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.

  149. 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…

  150. 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.

  151. 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).

  152. 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.

    • 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.

  153. 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.

  154. 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.

  155. 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.

  156. 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!

  157. 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.

  158. 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.

    • 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.

  159. 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.

  160. 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 🙁

  161. 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.

  162. 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…

  163. 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.

  164. 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.

  165. 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.

  166. 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.

  167. 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.

  168. 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.

    • 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.

  169. 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?

  170. 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.

  171. 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)

  172. 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.

  173. 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.

  174. 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…

  175. 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.

  176. 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!

  177. 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..

  178. 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.

  179. 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.

  180. 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.

  181. 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.

    • 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.

  182. 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 🙂

  183. 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.

    • 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.

  184. 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.

    • 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.

  185. 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

  186. 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.

    • 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.

  187. 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.

    • 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.

  188. 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.

    • 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.

  189. 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 🙂

  190. 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.

  191. 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.

  192. 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.

  193. 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

  194. 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.

    • 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

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