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HYCM

How would you rate HYCM?
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Greece
1 review
0 helpful votes
Follow Dardanus G.
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The traders who work with this broker have lots of trading opportunities like stocks, cryptos, indicies, commodities and so on. Not all of the brokers nowadays can boast such huge number of available assets. More often than not, the brokers which work with forex, don't have access to cryptos, despite of the fact that this financial instrument is extremely promising nowadays.

Date of experience: August 30, 2021
Thailand
1 review
0 helpful votes
Follow Danudet S.
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I was looking for a regulated broker with fixed spreads and fortunately I found it. That was HYCM. Except for fixed spreads I can't tell anything special about the broker. Since it's regulated it ensures a trouble-free trading process and pays out earnings once I request them. That's all and that's how it should be.

Date of experience: November 28, 2021
Austria
1 review
0 helpful votes
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Money maker!
May 17, 2022

You are the money maker if you know how to trade with profits! Trading with hycm gives me much of confidence to trade with discipline and correct management. Their market analyze helping me so many times, because sometime u dont have much time for preparation to trading session. My fav tools are usd/jpy + metatrader 5 + bearish/bullish indicator + expert advisor.
Trade by your own head

Date of experience: May 17, 2022
Poland
1 review
0 helpful votes
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Yes, the broker is great
December 24, 2021

I want to write about MT 4 and MT 5 trading platforms that HYCM offers. Yes, the broker is great, but honestly, I don't understand why the broker offers the fourth version.
MT5 is superior to MT4 in every way. It has enough features that MT4 doesn't have. For example, custom symbols and tick history. MT5 has become very unpopular among traders because initially it didn't have locks. But recently they have appeared in the terminal. So there is no reason to stay on MT4. In my opinion, a switch to MT5 is inevitable. There are almost no new functions added to MT 4, and MT 5 is actively developing. Its developers pleasantly surprise time after time.

Date of experience: December 23, 2021
Malaysia
1 review
2 helpful votes
Follow Veenod R.
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Practical design
August 27, 2022

Although the spreads for the fixed spread accounts aren't the best, I think there are only a few trading platforms designed as well as the hycm platform. The platform has everything in one place and, at the same time, is not clustered. Available on the dashboard, I have access to the webinars and workshops, which are frequently updated, tools for analysis, calculator, news, and calendars. The design is so effective and functional that nothing is difficult to find.

Date of experience: August 27, 2022
GB
1 review
0 helpful votes
Follow Donald D.
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Withdrawals of the broker is the first feature that I pay attention to. Hycm withdrawals are not only swift to execute, but also free of charge. I got used to the fact that you have to pay either for faster processing or for convenience. Not with hycm, I guess.

Date of experience: October 14, 2022
Sweden
6 reviews
1 helpful vote
Follow Ingemar E.
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Suitable trading conditions
September 21, 2020

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))

Date of experience: September 20, 2020
California
7 reviews
0 helpful votes
Follow Corbin K.
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Multi-regulated
August 15, 2020

Guys, never trade with unregulated brokers, that can be the right way to lose your money. Of course, there are also unregulated brokers that are good but that's safer to trade with regulated ones. I like that this brokerage is regulated, there are FOUR regulations, including FCA and CySEC. That's the most important thing you should know about this brokerage, it's just regulated and safe.

Date of experience: August 15, 2020
Portugal
1 review
0 helpful votes
Follow Jaime A.
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I decided to open a Fixed account with this broker because it suited me. It feels like it's a typical ECN account but under another name. I usually open ECN accounts because they are universal. They are equally good for long-term trading and scalping due to tight spreads.

Date of experience: August 2, 2021
India
1 review
0 helpful votes
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Reputation matters.
August 8, 2021

I believe that most of the traders who are in the search for the new broker ask themselves whether they can confide their money into this or that brokerage. I believe that it is the most important question that you should ask yourself in order to be safe.
HYCM is one of the oldest brokers which is regulated by numerous third-party organisations. As for me, the problem of safety is the most important one because is the broker is a scam, then you will definetely lose your deposit irrespectively of your trading skills.
As for the trading conditions, there are several types of account which differ from each other by the spreads and special features, so, I believe that everyone can find something for themselves.

Date of experience: August 7, 2021
Thailand
1 review
0 helpful votes
Follow Slamet S.
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I registered a Raw account with Henyep Capital Markets. This broker's branch is regulated by FCA. I didn't sign up with an unregulated broker. Its license is important for me.
The rest doesn't deserve much attention - I just trade minor pairs here with 1:20 leverage. I try to refrain from higher leverage cuz it's not for good. That's an optimal leverage size for me to earn what I expect to earn and survive pullbacks. I remember I lost several depos with other brokers due to leverage. For me everything higher than 1:20 is dangerous.

Date of experience: February 19, 2022
Illinois
1 review
0 helpful votes
Follow Andreas F.
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I choose HYCM broker first of all because of the open regulation and registration. You should be sure that you funds are in a safe place. Moreover, HYCM has customers money protection system. My trading experience is about 3 years and here are some cons and pros that I found while trade here:
1.100$ min depo - good for new traders
2. Mt4/5 classic trading platforms
3. Flexible leverages
4. Professional educational materials, live webinars and seminars
5. Small range of instruments
6. Three account types with different spreads
7. EA available

So, no doubt HYCM is a competitive broker. Another key feature as for me is international recognition. The company has more than 20 global awards! Also, the broker is suitable for Muslim customers. They can do investing with Islamic account type.
There are many deposits and withdrawals methods with democratic conditions including bitcoin.
I hope this review will be helpful for all traders and save people from scams.

Date of experience: June 17, 2022
Denmark
1 review
0 helpful votes
Follow Olaf T.
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I recently started trading with this broker. There were times when I ran into problems in trading and started looking for a new company. That is why I opened a HYCM account.
I knew that this broker has extensive experience in trading and other financial services, so it seemed to me that no problems should arise.
I started testing the HYCM demo account. I have not used the MT5 trading platform before, so it was a pleasant surprise for me. I mean the functionality and opportunities for trading and analysis.
I want to say that many people do not appreciate what they have, but I am not like that. I think I will continue to trade with this broker.

Date of experience: October 5, 2021
GB
14 reviews
14 helpful votes
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Being an experienced semi-professional trader, changing my broker to a new one was a tough sledding for me. I was having problems with platform glitches, delays in withdrawal requests and reluctant customer services to help you out. I was in the process of choosing a new broker that I can count on with the problems I have experienced.

When I ran into HYCM reviews, I went through them all, got a solid, overall foundation on what I can expect from HYCM in my trading journey. It is already a while now since I started trading on HYCM. And my impression so far is that it is a blessing to have an unproblematic broker without withdrawal/deposit/technical/connectivity issues. They also do brief and insightful blogs, which is nice to look at every now and then.

Date of experience: September 29, 2022
India
1 review
0 helpful votes
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Reliable broker
March 4, 2021

Oh, I spent two months choosing the right broker. It was really difficult! I am very fortunate to have stumbled upon HYCM. I was looking for a broker with the minimum commission and positive reviews.
Also, it was important for me to have the broker's MT4 platform since I only work with it. So, I have been working with a broker for over a year. Reliable and honest. I can confidently recommend it to my friends.

Date of experience: March 3, 2021
Malaysia
1 review
0 helpful votes
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Stabiliy and consistency.
September 27, 2021

I was choosing my first broker and I was really afraid of being scammed. So, I was looking for some very stable and reliable broker. HYCM is one of them. It operates since 1970s and it sticks to the high standards as trading community put it. So, I did the right choice because now I can concentrate on my learning instead of thinking about broker's reliability.

Date of experience: September 26, 2021
India
1 review
0 helpful votes
Follow Emran C.
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I just followed the recommendation of my friend and joined this brokerage company. He recommended it as a reliable partner. In addition to manual trading with this company, my friend also promotes it for money. If I'm not mistaken, it's called HY Affiliate. I'm not interested in affiliate marketing but I needed a regulated broker with an ECN account. That's an example of it.
I opened a Raw account here. Its name shouldn't confuse you. It's an ECN account indeed. So, it offers tight spreads and I need to pay commission for this.
I have been already trading on it for a bit more than two months. I have a positive impression of trading here. Execution is good, but I didn't expect something different from a regulated broker.

Date of experience: November 16, 2021
Italy
1 review
0 helpful votes
Follow Siro F.
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If someone asked me to name a reliable broker, I could think of two, and one of them is HYCM broker. It would be hard to find a broker with more than 40 years of financial trading experience.
The broker combines a good trading environment with a good educational background.
The trading platforms work as well as the standard Metatrader 4 and 5 trading platforms. There are no issues with them.

Date of experience: January 5, 2022
Spain
1 review
0 helpful votes
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To be honest, I read about this company before. Back then I couldn't even think that I would cooperate with them. Why not.? Good question! HYCM is a known broker with a nice reputation. I guess that's because I was all into crypto back then.
High quality available trading platforms. I first traded MT4 and now I trade MT5. There are more possibilities and I think that you will agree with me. I trade in stocks. I really enjoy doing so!

Date of experience: June 28, 2021
India
1 review
0 helpful votes
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I chose this brokerage company for cryptocurrency trading. Of course, it's not the only broker in the world that offers cryptos. It's possible to find brokers with a richer choice of digital coins, but I chose exactly this company because it's regulated and one of the oldest brokers in the world. Experience matters for me.

Date of experience: November 1, 2021

Overview

HYCM has a rating of 2.8 stars from 193 reviews, indicating that most customers are generally dissatisfied with their purchases. HYCM ranks 4th among Brokerage sites.

service
80
value
35
shipping
2
returns
3
quality
84
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