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HYCM

How would you rate HYCM?
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Lithuania
12 reviews
4 helpful votes
Follow Kirt B.
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No need to substitute this broker with another one actually.

This one provides many interesting things for traders of all levels. Just imagine, you can choose various account types and they ain't require high deposits. It's kinda attractive, innit?

It created a separated "school" with seminars and webinars for rookies. Amazing! =)

Date of experience: December 30, 2022
Portugal
1 review
0 helpful votes
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Kit of accounts
February 21, 2023

Kit of proposed accounts is impressive.
Wanna be a true scalper, welcome to classic or raw account... are you passionate about long-term investments? Pick the fixed account and enjoy the journey.

Date of experience: February 20, 2023
Oman
1 review
0 helpful votes
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Once I learned that it's one of the oldest brokers I made a decision to sign up even though I already had an account with the other one. I was looking for a bacup account. I'm prone to trusting such brokers and I know that they are all regulated.
I opened a Raw account here because this account comes with very tight spreads.
I have nothing to complain here. Execution is good as it should be with regulated brokers.

Date of experience: January 21, 2022
Spain
1 review
0 helpful votes
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Impressive history
September 15, 2022

It feels like HYCM has an exceptional brokerage record and that's the only thing that is exceptional. Trading conditions are market average. Basically it's a broker for traders that appreciate the long history of the company more than pricing or orders execution.

Date of experience: September 15, 2022
Portugal
1 review
0 helpful votes
Follow Jorge E.
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Trades are executed cleanly
September 22, 2021

I have been working with HYCM for a little over a year now and i really wish i had started with them earlier. I used to trade indices and commodities, trades are executed cleanly and without slippage, recently advised my friend who is also happy about it. The company is very optimal both for beginners and experienced traders. The broker's strong point is good spreads and adequate technical support staff. Everyone looks for a broker for his/her own tasks, I can say this - here are excellent conditions for independent trading!

Date of experience: September 21, 2021
Brazil
1 review
0 helpful votes
Follow Paulo E.
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HYCM broker offers to choose among three types of accounts, the conditions can be found in the table on the broker's site. There are quite low spreads, small commissions and the size is fixed at four dollars. There are additional features for each account, which is what attracted my attention to this intermediary.

Date of experience: August 26, 2021
California
7 reviews
0 helpful votes
Follow JillianReinger J.
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You have to work.
September 29, 2020

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.

Date of experience: September 29, 2020
Oregon
5 reviews
0 helpful votes
Follow petra c.
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Hey if you are a victim of cfds100 scam please reach me on
Petpark321 at g'ma'l, co'm and i would refer you to the refund expert that helped me recover 32,500 that was frozen in my account as withdrawal was denied by their scam excuses.
Act now and seek refund
Do not suffer in silence.

Date of experience: February 5, 2020
Germany
2 reviews
0 helpful votes
Follow Trev V.
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La frustración es insoportable. Me registré en esta plataforma esperando transparencia y equidad, pero todo lo que he encontrado es lo contrario. Los retornos iniciales fueron buenos y rápidos, alimentando la ilusión de que me iba muy bien. Mi asesor fue muy poco confiable y creó lagunas legales para robarme dinero. Desafortunadamente, invertí más dinero. Llegó el momento de retirar y comenzó el problema. Mis mensajes y correos electrónicos no responden, mis llamadas se bloquean. Es como gritar al vacío, esperando un eco que nunca llega. Tardé semanas en obtener el reembolso total de mi saldo en la plataforma. Por favor, no desistas en tu esfuerzo por recuperar tu dinero; es difícil, pero es 100% posible. Mi correo electrónico está en mi perfil; estoy dispuesto a compartir más información sobre mis procedimientos para ayudar a resolver casos de retiro pendientes. Contáctame.

Date of experience: May 2, 2025
Georgia
1 review
0 helpful votes
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J'ai récemment vécu une terrible expérience avec ce courtier frauduleux. On m'avait promis des retours rapides et faciles sur mes investissements, mais j'ai perdu une somme considérable. Suite à cet incident, j'avais désespérément besoin d'aide et, heureusement, j'ai trouvé l'équipe de^^C^^O^^S^^T^^N^^E^^R^^^^R^^E^^C^^L^^A^^I^^M^^ Ils m'ont apporté le soutien nécessaire et m'ont aidé à récupérer mon argent. Ils ont travaillé sans relâche pour enquêter sur ce courtier frauduleux, rassembler des preuves et négocier avec eux pour récupérer mon argent. Je suis tellement reconnaissant qu'ils aient pu m'aider et me faire rembourser.

Date of experience: April 7, 2025
Italy
1 review
0 helpful votes
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Solid foundation.
July 31, 2023

This broker has all the necessary services for traders. Nothing extra and nothing fancy. All the basic stuff but those basic features are honed to perfection through all those decades of brokerage experience.

There are three accounts. One fixed, one variable and one raw. What else do you need?
Trading platforms are from the world-renowned trading software developer - Metatrader.
These platforms have proved over the years that they are the most reliable terminals ever.
Plus they are suitable for different goals: manual, algo, management and so on and so forth.
All in all the broker is for trailers that know what they want from the forex market. And also for beginners. You need to get accustomed to the best right from the start.

Date of experience: July 31, 2023
Nigeria
5 reviews
1 helpful vote
Follow Liu B.
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Once their representative cons you into trusting him it's downhill from there. You'll lose everything. Lies, deception, mismanagement of accounts, irresponsible risk management strategies... all this and more await you here. Stay away from them, act now.

Date of experience: October 31, 2022
Israel
11 reviews
16 helpful votes
Follow MagRee Q.
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It's regulated
January 17, 2021

I was looking for regulated brokerage so long to accept $100 min depo and I finally found it. Sad there's no copy-trading or other services to help beginners like me in the world of trading, but at least there's education and demo, so you can learn how to trade from scratch.

Date of experience: January 16, 2021
India
1 review
0 helpful votes
Follow Rawrial R.
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I just followed one review about this broker I found online. The very fact that the company works in the industry for more than 40 years greatly impressed me.
So, I signed up and tried to trade with fixed spreads. The quality of execution exceeded my expectations.

Date of experience: March 1, 2021
Denmark
1 review
1 helpful vote
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I was surprised.
March 20, 2022

Precisely because they offered three different types of spreads without reference to the amount of capital.
It may seem like something not very significant, but when you start working on the market, you understand that it is spreads that can affect your result in one way or another.
I personally have focused on fixed spreads for now, because I didn't have such experience before, from a couple of points, this is quite adequate considering my plans for the future.

Date of experience: March 19, 2022
Philippines
1 review
0 helpful votes
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Hycm
February 25, 2021

I like that in this company you can realise your potential, even if you don't know anything about the market yet.
This is because the company does not offer passive approaches, for one thing. Secondly, there are many regulated instruments that allow you to use technical analysis or news analysis, and if you're really new to this, you can start with some demos for a quick look around and to understand exactly where you want to go from here.
Also there is no limit for the initial deposit sums - you can start with a minimum amount, just to check the withdrawal procedure.
One more thing, all types of spreads are available - pick the one you like.

Date of experience: February 25, 2021
GB
1 review
0 helpful votes
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Spreads are cool
April 8, 2022

My previous broker offered only one account, but the spreads there were so awful as I decided to change it over. Spreads here are acceptable, I trade with variable spreads (starting from 1.2 pips).
Anyway, I prefer not to be picky due I understand brokers also want to make profits for providing service.

Date of experience: April 8, 2022
Philippines
1 review
0 helpful votes
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Calculators
August 26, 2022

Three calculators and each o them is helpful. You can calculate pips, convert currency and calculate margin.
Guess that there are no traders who would ignore these things. They are useful anyway, especially nowadays.

Date of experience: August 26, 2022
Brazil
9 reviews
6 helpful votes
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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.

Date of experience: June 12, 2020
California
1 review
1 helpful vote
Follow Nara M.
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At first I wouldn't believe that I was scammed by this platform, everything seems so real and true but unfortunately I found out that it was just a scam program, thanks to the company you can see in my profile/Headline for helping me recover everything they stole from me, including the return on investment mentioned above.

Date of experience: October 21, 2023

Overview

HYCM has a rating of 2.8 stars from 193 reviews, indicating that most customers are generally dissatisfied with their purchases. HYCM ranks 2nd among Brokerage sites.

service
80
value
35
shipping
2
returns
3
quality
84
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