HYCMReviews 196

For me trading was a completely new business, which required a lot of effort and time. I had to learn everything from scratch and constantly appear in some new situations and I was forced find a way to resolve arising issues.
In fact, it seems that I coped with it and this company played significant role in my growing up as a trader. Of course, I also did well, but company provided me ground to lean on.
I constantly read the educational materials and watch their webinars, which help me to see many things in practice and further apply them in my trading.
That's why I periodically withdraw funds and I'm m satisfied with how my trading is progressing, how I would become better.

I decided to stick with HYCM because I place reliability first. Well, the first thing that comes to my mind when I learn that HYCM was started in 1977 is that it's a veteran of the brokerage industry. If this company has been operating on the market since that time, it must be well-regulated and it's true. HYCM is regulated by CySEC, CIMA, DFSA, and FCA.
As an old-school broker, HYCM doesn't offer any custom-made trading solutions unlike younger brokerage services do. So, if you want to use something modern, sleek, and extremely intuitive such as cTrader, you can certainly look for alternatives. As for me, I favor tried and tested terminals – MT4 and MT5 – that's what you get with HYCM.
The broker doesn't provide the richest choice of assets. However, here you can find the most popular financial instruments. That's enough to trade profitably. For example, you can trade up to 40 currency pairs, indices, metals, ETF, cryptos.
I favor the tightest spreads, so I chose a Raw trading account with spreads starting at 0,2 pips.

It`s clear that the developers have not spared money on the app. It works fast, has many useful features and simple, user-friendly interface. There are also notifications which comes on your phone, if there are important events in the market here. For example, the speeches of the heads of the Central Banks or the release of statistical data. Or just important news. I highly appreciated this feature. It is convenient for trading on the news.
There is nothing superfluous in the app. Only the data on accounts, withdrawals and deposits.
The design is cool. So bright and at the same time quite discreet.

In the market you should not count on any good coincidence of circumstances or on the fact that you can duplicate someone's actions and get excellent profits. The market is a place that requires knowledge, observation, attention, awareness and many other parameters. And this needs to be understood from day one in this business.
A company here can also be a help or an obstacle. And I, for example, believe that this company is the best thing that happened to me. Because here I learned to work independently, here I found a good theoretical knowledge base for beginners, here I was able to experiment with spreads and chose the best ones (raw), so I'm absolutely satisfied and hope that soon I will be able to boast of some major achievements.

I wanted to try trading with HYCM for a long time. But since I had another brokerage a year ago, I did hesitate. But after a while I realized that with my old broker I wasn't growing as a trader and decided to move on. That's how I started trading with HYCM. At first it was a little unusual to trade with another brokerage, but I got used to it very quickly. HYCM has quite good trading conditions, although to be honest at the beginning it was a bit difficult for me to choose my future account type. They are quite diverse, and I totally wanted to choose the most advantageous one for me) Now I'm trading on a Classic account, and its trading conditions fit me very well. For a minimum deposit of $100 I got - floating spreads from 1.2 pips and the feature of trading through Expert Advisors. It suits me perfectly))

This broker stands out from the rest and I can even call him one of the best. There are several reasons why I think so.
First, it's a good reputation. It is true that HYCM has a very good reputation. I can even say that this broker is on the list of the best brokers and numerous ratings and reviews confirm it. The reputation is actually very important, although some traders do not consider it to be anything significant. However, good financial companies, including brokers, are working on their reputation. I have monitored the representation of HYCM in the media and I can say that in general, this broker is positively represented.
The second one is the serious regulations, including FCA and CySEC. This means that this broker not only has a "tick", but also offers trading in a fully legal field. This means that in case you have any problems or discrepancies with the broker, you can always contact the regulator to settle your dispute.
Last but not least, it is of course the trading conditions. The minimum deposit is only $100, and the spreads are tight enough, especially considering everything written above

Once you think about what you already know about the market, there's a good chance that you'll stop seeing achievements. Because the market is the most agile and complex structure, and you always have to be prepared for the situation to change drastically.
I am happy that modern companies offer enough services so that you can get used to faster. For example, there are two trading terminals to choose from, and MT4 and MT5 are wide functionality and tools for algorithms.
For example, there are also forex calculators, which allow you to quickly calculate the order size, estimate the free margin, etc. And it is really convenient.

Working with a broker turned out to be not only pleasant, but also quite profitable. Due to the broker's good trading conditions and of course my personal achievements (lol :p) , I improved my performance a little.
So I'm even a little proud of myself, but it seems to me that I couldn't have achieved such good results on my own.
So, in general, I'm satisfied that I chose this brokerage, it fully justified the trust, and the money that I invested in it)

At first glance, a broker doesn't really stand out with any special features, I don't know what to call it better. But when I started working with it, I realized that it doesn't stand out not because of the common ones.
This broker has a regulator, which means your deposit will be safe. Another strong side of the broker is that the orders are executed with high quality and with minimal slippage.
It seems to me that the broker can boast of these conditions due to the big history of the company, during which the broker has qualitatively improved its trading conditions and quality of its services. So now it is that broker, with whose you are happy and you want to work. And this is what I plan to do further)

And it has certain problems and difficulties at first, and unfortunately not everyone can cope with it. And that's okay. But if you are still interested in making things work out well and you want to understand the mechanisms of the market, then I will definitely recommend this company to you.
1) Low spreads.
2) Small commissions.
3) Quality customer service.
4) Instant withdrawal.
5) A wide variety of tools for technical market analysis.

I take trading and feedback very seriously, so I wouldn't want to be very positive about HYCM. However, I will. I can see that this broker does everything to outpace the competition for the hearts and purse of traders. And HYCM is so far successful in this competition. I prefer to trade with a regulated broker who offers excellent trading conditions but won't take very large spreads. HYCM is that case, the broker can compare to tier-1 brokers in its trading conditions, but even traders with $100 deposit can start trading there. I see it as a great opportunity for all traders, regardless of the deposit sizet.

It seems to me that every trader should answer this question honestly. And if you're just here to have fun, I think any company would be good for you. Still, with that approach, there's very little chance of making money.
But if you have come to build a business, if you are not indifferent to modern tools and methods of analysis, if you want to constantly develop and become a truly successful trader - then it is better to stay here, because in this company you will get the necessary conditions and support.