I think that for me the main advantage of this broker is that there is an opportunity to trade on the MT5 trading platform + excellent attitude to its duties. Executions are A+ style.
When it comes to choosing brokers, I tend to be very cautious. To be exact, I have a strong phobia of being let down by a new broker. I had such an unpleasant experience several times. Since that time, I prefer to be over cautious. I guess it's much better than to be light-minded.
Once I came across this broker, I was still cautious and critical. Many hycm reviews kept repeating how many years it operates on the market. However, I can admit that there might be a long existing scam. Why not? Fortunately, my fears didn't get grounds.
I couldn't stand hesitation any more and decided to test it. I opened an account with fixed spreads and started trading. The absence of freezes and decent execution relieved my stress. So, I traded for two months. For that period, I tried nearly all available assets. Everything worked well.
Then, I tried withdrawing earnings to my Skrill account. Each time I requested funds to my e-wallet, I received them in an hour. As for bank transfer, I didn't try it because I know that it may take up to a week. I hate waiting. Moreover, is expensive.
Comparing brokerage services seems to be a daunting task even if you are an experienced trader. Today many brokers come up with nearly the same services. Many of them offer the same trading terminals, such as Metatrader 5 and Metatrader 4. In the number of available payment methods, you can see greater difference. So, how should we choose brokers for trading?
Having studied numerous articles online and tried many brokers, I can say that there are only two things that really matter. These are reliability and deposit/withdrawal. If everything is OK with these two points, you can trust this particular broker.
Before I decided to stick with this brokerage service, I looked through many hycm reviews but I found many of them controversial. So, I decided to test this broker omitting some procedures that might seem obligatory. For example, I didn't open a demo account with HYCM because I think it's 100% pointless because it will show the same you may see with other brokers.
I deposited $100 (their minimum deposit), traded for a month, and made a series of withdrawals with different payment methods. So, I can say that I'm satisfied with the execution speed and how my withdrawal requests are handled by their managers. It makes me want to continue my collaboration with the broker.
I just write my review to express gratitude to this company. It knows how to run business and please traders. Ofc, there are some flaws, but they are minor.
For many years I have been trading with HYCM. I wanted to write good review for a long time. Finally, I got the time to do it.
To become professional trader, you need experience. It's hard to argue with this.
In my opinion, every trader has choice. To study on your own mistakes and lose money or learn from professionals.
The HYCM trading educators created knowledge base which is useful not only for beginners. Market sharks like me can also find a lot of helpful information there.
If you forgot how to install indicator on your platform, or this is your first time installing MT4 on your computer, then go to Tutorials.
Basics of money management and psychology of trading will become clear after visiting Trading Tools section.
If you are absolutely new to trading, I advise you to try course for beginners. I am sure that you will feel confident in the market after you finish it.
For those who like to read books, there is library with electronic books about trading.
What I mean by that. Trading is not easy, and broker understands that. That's why it offers its clients support in form of educational services section.
I've already tried it and I can say that I'm absolutely delighted.
It's a profitable approach for intraday trading and the commission is only $4. So I definitely recommend giving it a try.
Broker provides customers with nice trading instruments selection and several accounts to choose from. This allows me to select trading conditions that suit me best.
I can tell you about my experience. I like way broker organized work. I can immediately feel that I opened account with reputable company. Everything great!
If you hear about the broker for the first time, I highly recommend it. I think it's one of the most experience brokers in the industry.
The level of service here is pretty high. All the questions which you have might be solved by customer support team. I suppose, customer support reflects the attitude of the broker.
This broker stands out from the rest and I can even call him one of the best. There are several reasons why I think so.
First, it's a good reputation. It is true that HYCM has a very good reputation. I can even say that this broker is on the list of the best brokers and numerous ratings and reviews confirm it. The reputation is actually very important, although some traders do not consider it to be anything significant. However, good financial companies, including brokers, are working on their reputation. I have monitored the representation of HYCM in the media and I can say that in general, this broker is positively represented.
The second one is the serious regulations, including FCA and CySEC. This means that this broker not only has a "tick", but also offers trading in a fully legal field. This means that in case you have any problems or discrepancies with the broker, you can always contact the regulator to settle your dispute.
Last but not least, it is of course the trading conditions. The minimum deposit is only $100, and the spreads are tight enough, especially considering everything written above
Although HYCM does not support several exotic instruments in the MT4 terminal (which I like the most), the overall range of assets is more than enough for profitable trading in the long run. One of the biggest advantages for many traders is the choice of account types without rising requirements for the initial deposit. Slippages are rare.
I was surprised with the level of service delivered by the support team. They answer any question with a detailed explanation, no need to read dozens of texts to understand important things.
Look at the number of countries HYCM operates in, as well as the number of media appearances!
SInce I use different trading strategies depending on the asset class, market volatility and the volume of trading, I appreciate the ability of choosing the leverage. Of course, many HYCM reviews say that regulatory requirements of different branches matter, but what if I trade on behalf of an international pool of investors? Why should I insist on putting all of them into one jurisdiction? I'd better take advantage of different trading conditions provided by one broker.
Today, it's getting more difficult to choose a reliable broker. It's because a great number of brokers have emerged for the last time. Many of them seem typical. It's probably because fierce competition makes them do the same things. So, it's no wonder they provide the same stuff. Nearly every broker today offers ecn, fixed accounts, bonuses, etc. Many brokers lower their minimum deposits to attract more customers.
However, amid this thriving abundance of trading services, we often forget about reliability.
The matter is that reliable brokers don't attract much attention. They don't offer bonuses and their minimum deposits have reasonable sizes. Newbies don't think that those brokers who offer too many bonuses may have problems with regulation and therefore with liquidity. In turn, liquidity issues result in problematic execution.
My experience gave me this knowledge, so I try to choose only trustworthy brokers.
I discovered this broker via hycm reviews. The very fact that it has a very large experience of working in the industry encouraged me to sign up.
I like to trade with the broker. I appreciate its execution and its attitude to me. That gives me confidence in the broker.
Hycm shares trading is what I wanted to try for quite a while. Wide array of stocks that can be traded in CFDs, I feel like I'll get something out of it.
Everything excepts the spreads are of a top tier quality right here it is.
Spreads is also good, but not so good as everything else is.
I saw that the HYCM broker has a good set of assets to trade and therefore made such a choice. For example, I love that HYCM provides cryptocurrency and ETF trading. It is very popular now.
In addition, cryptocurrencies are the tool that will help increase the deposit, and the ETF will help keep it.
First of all, I want to say that I do not consider myself a professional trader. I have a family business - a restaurant outside the city. I have no financial problems or desire to make money, but I am interested in trading on the market. I enjoy trying different trading strategies and systems. For me, this is a hobby and a good activity for the brain, ahah))
I found out about HYCM a few years ago when there was a huge spike in Bitcoin prices. Then I was wondering what it is and why it is growing. After that, I bought one bitcoin and watched its growth. Of course, I missed the very peak, as I was busy with my own business. Therefore, I did not make as much money as possible, but 300% was a good profit. I bought bitcoin for eight thousand dollars and sold it for twenty-four thousand.
By the way, Bitcoin's further growth is now predicted, but I don't buy it. I'm just interested in watching the crypto growth trend :) With regards to HYCM.
I talked with different traders, both beginners and professionals. Everyone spoke positively about the broker, as HYCM has earned a good reputation over the years.
Of course, the broker only has two trading platforms - MT4/MT5. But, this does not prevent users from staying and trading with this broker further.
There are good conditions for making money here - low spreads and minimal transaction fees. Also, there is no slippage.
I believe that HYCM is a noteworthy broker and will only gain popularity soon. I wish everyone successful trades!)
I specially registered in HYCM to trade cryptocurrencies, initially, I worked only on Bitcoin, now I added Ethereum and Litecoin. Currencies are interesting, technical, that's why I trade here...
Maximum leverage when trading crypto is 1:20, bitcoin spreads are 135 pips. Sounds alarming for those who are used to EURUSD spreads but it really works different way with BTC ;)
I guess HYCM could have more articles for experienced traders. But anyway educational resources are enough to learn almost evrything about trading peculiarities.
For me, there's nothing more important than reliability. That's what I demand from any broker and this one meets this requirement.
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.