I chose HYCM because I like to select trading conditions and trading tools.
I will start with fact that broker gives two respected by traders platforms to choose from. Of course, it's MetaTrade4 and MetaTrader5 platforms.
It's important that broker gives description of each platform's advantages.
You can safely download platform from official HYCM website.
Broker gives customers choice of three trading conditions. In other words, three trading accounts to choose from. Accounts are called "FIXED", "CLASSIC" and "RAW". Each of them has unique trading conditions.
I want to name another account type. This is demo account. It's available when you open any of main accounts.
Trading is a very interesting but ouch, it hurts sometimes.
Any trader will agree with me. HYCM broker is no exception.
Of course, there are good conditions and opportunities, but every trader can make a wrong step.
Therefore, I insist on careful demo trading and a good study of the capabilities of the MT4 and MT5 trading platforms.
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.
I hate studying! Writing notes, studying texts. It's not for me! I fall asleep when lesson starts...
When I decided to start learning forex trading I thought it would be a pain. But. When I finished my first webinar with HYCM expert, I realized that it was not boring at all! Moreover, this knowledge brings money. I don't trade on real account yet. But I already have a demo account on MT5 platform. I feel like real trader.
They also have seminars. I don't know what they are yet. Haven't tested it yet. But. I'm satisfied with webinars. This is for me!
The company started its business activety in 1970s and still holds trading community loyal to itself. It means that that is the broker which is definetely worth trusting. What I like the most is that there are so many financial instruments that their clients can use in their trading.
I have recently finished several first trading tools in the education center and I can claim that I am impressed. Y'all know... I am not a newcomer in trading, I consider myself as a quite mature trader, but I never miss the opportunity to use educational center in order to find smthing new.
In the first course there was general overview of the market and in the second one there was an explanation of trading psychology and I'm glad to see this theme on the second place. It's one of the most crucial ones and noobs underestimate it.
I want to give 5 start as broker cares about rational trading despite providing the goog services.
I haven't found any bugs during my trading on platform.
In my opinion everything works perfectly!
Really solid and reliable broker that keeps its promises!
This broker is perfect for professional traders. Of course, beginners can easily start trading as well. But experienced traders will find a lot of useful things using broker's services.
I have been trading with this broker for 1 year. At first I thought it would be difficult and I would lose money. I will say this: you can lose everything if you do not have a trading strategy, but HYCM has a demo account and unlimited time for training. So I think every new trader will have time to understand how to trade. HYCM has a large selection of trading assets and MT4 and MT5 trading platforms. This is what good analysis tools have. So you have everything for a trading strategy.
Amazing client-oriented service from HYCM broker. Trading is smooth like butter. Payment execution is decent and free of charge. What more can you ask?
HYCM is one of the oldest brokers on the market and it is fully deserved. That is a healivly regulated broker and its activity is controlled by four organisations at a time. Personally, I like the fact that it supports mt4 and mt5 trading platforms. If the broker spends thousands of dollars on a platform, this is yet another sign of reliability.
My account blocked with my fund. All position automatic closed by hycm. They are full scam i lost 500$ mt5 is *******
HYCM has been here for years. No wonder company has so many benefits like online educational resources. People with different background can use it everyday and it helps them to improve.
I glad to have this broker for me. Very amazing trading comdition. A lot forex pairs, crypto and stock. Minimum deposit $100 is good for me beginning trader.
Like many of my colleagues, I learned about this broker from hycm reviews, which were published on sites, besides, many traders talked about this company on the forums and I noticed really interesting data about raw and fixed spreads, about the fact that you can learn here, about a hassle-free withdrawal of money and other things. And precisely because the smallest details were described there, I thought it was probably written honestly and decided to try it myself soon.
And I'm really glad that I didn't abandon this idea or just doubt it. And I tried it. Because it became a turning point in my work and this led to the fact that my performance in the market increased several times, and I from a trader who is not at all confident in my actions, turned into a real professional (well, or at least approached this) and now I am writing a hycm review myself, so that other traders know that there are high-quality brokerage companies on the market that will definitely meet your expectations and bring profit.
I have been trading for many years, and I want to thank HYCM for working with MT4 platform! For me, it's essential to use tools I'm used to. I'm kind of person who doesn't like change in life. That's why I like stability of HYCM.
I think this is a good service. There have been very few inadequacies.I expected the broker to have a trading platform of its own but it was kinda disappointing. The MTs are up to the task.
I chose HYCM because this broker has enough experience in this field. I rarely work with brokers founded in the 2000s because I don't find them reliable enough. HYCM has been working in the industry since 1977, and this fact makes me trust it.
I got interested in trading absolutely by accident, just because I heard about this business from my friends, and I was sure for a while that it was a specific entertainment for me. I wouldn't be doing it for a very long time. Today, I thought that I have been trading for four years, which is already a solid experience. Although the first year I did it rarely, I already did it as my main income source. And I even gave up my main job because it stopped making me happy.
Here I work with mt5 with raw spreads, and I like the fact that I can do detailed technical analysis and asset analysis on a dozen different timeframes. This gives me a particular advantage in the market.
I believe the classic account here is the most suitable
100$ min deposit and spreads from 1.2 pips.
Nevertheless, you can change your account if you understand that it doesn't suit you.
HYCM's advanced technology and great service offer unparalleled benefits that have garnered them an esteemed reputation as a favored choice among seasoned professionals in the industry.
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 4th among Brokerage sites.