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)
This company is one of the best I use, it has high profits and they withdraw money very easily and so far I have not had any problems. If you have any questions, you can always find out with technical support.
Cooperating with them immediately benefited me, I noticed it right away after a couple of weeks of trading. The pluses are much more than the minuses, the money is earned quite quickly as the trading is top notch here. I withdraw money with Webmoney, it is fast and convenient.
Well probably like all people I paid attention to the fact that it works for several decades.
But in practice I also appreciated the other advantages of this company, and in particular I really liked the webinars, because they explain not only the theory or strategies, but also some specific nuances, which can be applied in practice. It helps.
I did not notice anything bad or special, the spread is adequate, slippage and requotes are minimal, the platform works 99% stably, yes, there are problems, but where are they not? Even the home Internet sometimes dulls and disappears. I forgot to mention the support, which is great here. In general, it is not difficult to make a choice in the direction of the company, I have been trading here for several years.
I have been trading with HYCM for a very short time. In the beginning there were only losses. And I decided to use the educational materials on the broker's website. It went up immediately. At that time I started to study the Forex market and to gain experience by myself. Now I am working here and making profit. The main thing is to monitor all the forex news in time. There are a lot of sites to do this.
This broker is for those who put reliability first and is ready to neglect anything else including bonus, exclusive features and very small minimum deposits. This broker can't offer anything special but it's regulated and has gained a good reputation for 40 years of working in the industry. Metatraders and a standard choice of assets but that's enough to earn steadily.
I can say that now I am a professional trader.
I started trading with HYCM a year ago. During this time, I changed several strategies and started making money steadily.
This is my main and only source of income.
To be honest, when I dreamed about it.
It is hard work. You must understand that making good money in Forex from the first day will not work!
The good thing about HYCM is that it has all the necessary features for traders of any level.
Mt4 is *******
Ohh my god last i deposited 500$ now lost
Company 200$ my running trade auto closed & my fund already remove form platform please please help me how to get my fund this scam company?
This broker is well regulated and this is the feature which matters a lot for me. I never traded with unregulated brokers and I detest trading with such ones.
In my opinion, regulations means a lot, especially for funds and data safety. Some brokers understand it and do everything in order to make traders to trust them. For example, this one is a great example of such a broker.
Moreover, there are tons of modern tools for strategy creation and analysis running. I suppose, there is nothing more significant for traders. However, maybe I faced not so many traders, who knows...
Having worked with this broker for a long time I can express mu opinion. I started, like most of us, with a standard account. Have now switched to fixed spreads because the market is unpredictable right now. News can destroy the quotes of my favorites at any moment.
Switched to another type of account without any problems. The support service helped to get used to the new service package. By the way, HYCM offers a wide variety of stocks to trade. I chose this option, because for me it is the most reliable financial instrument, proven over the years.
Remember that I was finally convinced because of the international registration. IMHO, reliability is an important feature of any financial institution.
When I began trading with HYCM I didn't know that it is quite famous in the trading industry. And the decision itself was pretty spontaneous. I didn't do as detailed research as I usually do. It turned out well for me.
Now I have successfully traded at HYCM for two years already. So it's true when they say that spontaneous decisions sometimes are the best ones you can take.
I've been trading with HYCM for about two years and that is a great experience. I started my way as a trader with some dubious brokers. Some of them were fine, but there was always something wrong like lack of regulation or poor amount of tradable products.
That is why I appreciate HYCM has it all covered. It is a legit broker with an authoritative regulation, wide range of tradable products and my favourite Metatrader trading platform.
I don't need to worry about losing money because of malicious actions on the part of the broker because I trust it. Before joining it, I made substantial research and found out that it's one of the oldest brokerage services in the world. Trading with the broker proved that my choice was right.
At HYCM, I found everything I was looking for. First of all, it's a convenient mobile app. The thing I like most about it is that it alerts me to significant market events. Since I trade on the news, it's an excellent feature for me.
The only thing I can't decide is which withdrawal method to use. Can you share your experience?
I think that almost everyone who is somehow connected with the world of Forex trading, has heard about HYCM broker. Because in addition to its long and stable services it is mentioned a lot in the media.
I recently downloaded the broker's app. I've read many hycm reviews about it. I want to say that it works fast enough and contains a lot of necessary information. And the functions are perfect for me.
So now I trade from my smartphone and monitor the market all the time. It is very convenient to be notified by HYCM about important events.
By the way, some traders often write in hycm reviews that it is difficult to choose the type of account here. I just remembered while writing a review about this fact.
Yes, indeed, I also encountered some confusion at first. Because the account types at the broker are much different. It is not clear where to trade in the end. Which account is better to choose.
It is good that there is a test that helps to choose the best option. It is really simple and takes into account the main nuances of trading. Depending on what strategy you are following, the account type in HYCM will be chosen. I used the tip and did not miss it.
That's so good that I trade with this respected brokerage service. I opened a Fixed account here and I like how my orders are handled by the company. You know that it's very convenient to trade without freezes and constant requotes. Fixed spreads on this account are another good thing. They enable me to trade without restrictions typical to floating spreads. I mean their tendency to widen thus responding to increased volatility.
What can I say bout' this broker... nothing surprising and nothing new. It seemed to me just an ordinary broker which offers cool conditions for trading activity. In my trading career I met dozens of brokers which satisfied my needs cuz' I ain't need something special. However, I assume this broker satisfies the needs of lots of traders better than other.
These guys have ace cards in their pockets to positively shock you. I know this how? Cuz I was also quite a bit shocked when I became a client and found out about them on my own.
- Being a multi-regulated broker is by all means no mean feat. You do not see every other broker doing the same thing because they simply cannot.
- Even their average execution time, as in, not their best, is way faster than the majority of the brokers you can count in the same industry. HYCM is miles ahead of them.
- They are constantly investing in their business and creating new features to be even better for their clients. Their own application is one good example for that.
I can keep listing more advantages and positive facts about them, but those would suffice for now.
Time goes so fast, so you see how many brokers companies left behind. Hopefully, hycm will stay with me much longer than 5 years. For that time i realized that nothing can help me make money more than a stable broker, metatrader, basic markets and instruments, but more important - my trading skills.
Answer: It absolutely depends on you trading type, there is no bad or good types. Actually there is raw, fixed and classic. So and there is a lot of difference I would reccomend you to take a look at yourself becuase there is spread difference as well as difference in trading platforms and assets you gonna trade. And most important type, as I said, It is your trading style. If you are high frequency trader you gonna need different if you are low frequency you gonna choose different ones! So I wish you good luck with that hard decision!
Answer: Of coruse you can. These guys are legit in providing education and new perspectives for trading. Their articles go all around the trading communities and related webseites.
Answer: Hycm lab is a blog, I think so. It has a strange name to it but you can find a lot of useful information in there.
Answer: They are constantly developing, hiring new people, implementing new ideas and trying to have better and better products. They are constantly making new promotions and stuff like that. Trading brokerage is the place where it is very hard to find new ways to change the trading. But they are trying and I guess they will succeed.
Answer: Demo account. Please start with it. Only after you feel confident in trading on this account you can choose the type of real account that suits you best. The fact is that traders often choose the type of account based on the trading strategy that they use. That's why I would advise you to begin by creating such a strategy on a demo account.
Answer: Of course, why not? The number of trading platforms you trade on does not effect your process of skill development. The number of trades you make over time does. And one proper platform such as this one can and will be enough for that.
Answer: Yes, they provide a lot of useful information. I heard that one of the leading analysts of this broker has a kind of a blog. In this blog he shares some analytics. Unfortunately I forgot his name. But I believe that you will be able to find this blog by googling it.
Answer: Uhm... It can be done easily, you should find client portal and pick statements section. Determine the date range and enjoy your account statement.
Answer: Hi Luuk, Yes, we do offer an affiliate program, you can sign up as an affiliate here - https://hyaffiliates.com/ or you can email us at info@hyaffiliates.com for any queries you might have. Regards Harry Christodoulou Head of Affiliates
Answer: Yes, it is totally allowed. You can set up your expert advisors and can use MT4 for to deploy them to your automated trading structure easily. There's complete support for that.
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.