I like the broker mainly by the approach towards traders
I once was lucky to contact customer support and they helped me to sort out with types of account because i was a total newbie in trading. Since then I have been tradding here actually.
It's pity crypto leverage only 1:20
I'm so glad to work with this broker and I'm not going to quit it in the future. It boasts the quality I appreciate best of all - reliability. You know that today not all brokers are reliable. Some of them have liquidity issues and it results in a troublesome and exhausting trading process. I don't face that stuff with this broker because it's well-regulated and has a 40-year experience in the industry.
The broker always allows me to enter the market at the desired price without trying to cheat me. I highly value it and it makes me want to keep trading with this company.
There is a good company for those who prefer to trade with a regulated broker. You won't find any crazy bonuses here. Because again, this is a multi-regulated company, not a shell one. But you can find here tight spreads, many assets for trading, and a good support team.
I have been investing in the company for about a year already. I will not hide - there were unsuccessful investments, but there were also profitable ones. Recently, there are many interesting moments on which you can learn. Especially in a situation of an impending crisis, well, the coronavirus also played a role. The markets shook, but for a trader, the best conditions to earn is a crisis))
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)
HYCM is a broker for those who want to join the magnificent world of investments or for the people who need a stable broker. No matter what you are looking for broker provides three account types with variable trading conditions - fixed, classic and row. So they come with spreads as 1.5,1.2,0.1 pips. Raw account has 4$ commission per round and the other two for 0$ — a minimum deposit 100$ and 200$ for raw account. Nice conditions!
What I like the most in a broker:
- regulation and registration
- metatrader 4/5
- mobile app usability
- range of markets
So, I encourage you to get acquainted with HYCM.
This company is a one with a history. I think that's why its has so structured accounts' conditions and time-proven trading software. HYCM is definitely one of the best player in the game.
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.
The main advantage of trading with this broker is that it's very reliable. It's hard to expect different from a company with more than 40 years of working in the industry. And my trading with this broker proved it. I like both the execution and the attitude to customers.
The HYCM broker has a simple and concise website with nothing unnecessary: trading platforms, tools for trading, training, everything is very clear and understandable. Trading conditions that are respected, there is an excellent regulation from several regulators and protection of the account from a negative balance.
I've heard about the broker from the advertisement and realized that it was what I was looking for. Usually, the ads are full of crap. But the trading conditions here were excellent. So, I've registered and opened a live account. I'm delighted with their low deposit amount. Because I have to pay only $100.
There are both MT4 and MT5 platforms here. So traders can choose what they like and what suits them best.
For example, I prefer to trade in MT4, the old-fashioned way. This is the terminal I have learned to trade on. It is very familiar and understandable to me. I know every button here. And MT5 is kind of alien to me. I still haven't dared to try it in trading. Maybe I'm really missing some profitable opportunities. I don't know.
As for trading at the company, I'm satisfied with everything. I'm confident with the quick withdrawal of funds. The support service also answers quickly and helps to solve problems. I'm happy.
As a new trader, there are many things you get to absorb from your first broker such as the trading platform, the education offered, the trading conditions, and a lot more. I have been trading with hycm for a long time now and I am glad that this broker is responsible for shaping my trading style.
I became a trader upon the advice of my friend. He had a great experience in trading. And the first order of business my friend has appointed me to address is regulation of the broker. That`s why I choose this broker. It`s multi-regulated company. But the recs aren`t special. There aren`t any particular tools for trading.
The broker is normal. It could have been better for me, but the branch I joined offers small leverage for currencies. It's not the broker's fault but local strict regulation. On the other hand it doesn't prevent me from trading profitably. I just don't trade currencies here but shifted to cryptos.
I definitely sense of professionalism here in provision of high quality services.
Once you get
- The feeling you are valued and listened to
- Your questions replied very quickly
- What you want in terms of trading conditions
You understand that you are in the right place for this type of a thing.So you just become a regular to enjoy the high quality service you are offered. That's what I have exactly done, and haven't regretted it even for a minute. I am happy that I made that right choose in the right time for the right trading platform.
HYCM has great conditions on the deposit. And there are many types of accounts here. They're all available for as little as $100. That's why you can choose the best conditions that suit your strategy.
So, for instance, if a trader trades at night or in times of low liquidity, then an account with fixed spreads is suitable. If he trades large volumes, then an account with minimal floating spreads and commission will be suitable. And if it's something in between, then the account with floating spreads without commissions is suitable. So you just need to choose what you like.
I have always wanted to work on the stock exchange and make good money.
And I'm really lucky that I ended up in HYCM right away, because not everyone is really so lucky. And I certainly escaped the frustrations of terrible service or something.
But there is one thing that especially impresses me here - of course, webinars. Yes, they don't happen very often, but they are always so interesting. I really like it. I always learn something new!
I got into forex trading a few years ago and I am very glad that I did not make a mistake in choosing a broker. The broker is old and cool, and even though losses seem to be inevitable I manage to earn smth here every month.
Raw account in MT5 is most profitable thing for a scalpers. Because MT5 has this useful features calling depth of market which are helpful to define the volume at the current moment on the market.
Withdrawal are free and fast, but I for more than $300 from the account for banking cards. The threshold is lower for another payment systems - $20. Not so convinient for me, as I used to withdraw by cards.
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.