• HYCM

Overview

HYCM has a rating of 3.9 stars from 189 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with HYCM most frequently mention trading conditions, raw account, and long time. HYCM ranks 3rd among Brokerage sites.

  • Service
    77
  • Value
    33
  • Quality
    81
Positive reviews (last 12 months): 66.7%
Positive
8
Neutral
0
Negative
4
1
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What reviewers want you to know

Positive highlights

  • I prefer to trade with a regulated broker who offers excellent trading conditions but won't take very large spreads.

Critical highlights

No critical highlights yet

How would you rate HYCM?
Top Positive Review

“My overview”

Nguei T.
5/10/23

I'mma provide you with a brief overview of the services this broker offers. Basically, all the positive features include: - several account types; - opportunity to trade with advisors; - well-developed and structured HYCM Lab section with bunch of useful information; - quick trading platforms from renowned software developer; As for flaws, then I personally can't state that there is something I don't like. I quickly adapted to conditions and now feel like a fish in the water.

Top Critical Review

“ÈXÊŁA ᖇᘿᑢᓍᐺᘿᖇᖻ cͨ oͦ́ mͫ”

Nara M.
10/21/23

At first I wouldn't believe that I was scammed by this platform, everything seems so real and true but unfortunately I found out that it was just a scam program, thanks to the company you can see in my profile/Headline for helping me recover everything they stole from me, including the return on investment mentioned above.

Reviews (189)

Rating

Timeframe

Other

Reviews that mention popular keywords

trading conditions (23)
Thumbnail of user ngueit
1 review
0 helpful votes
May 10th, 2023

I'mma provide you with a brief overview of the services this broker offers.
Basically, all the positive features include:
- several account types;
- opportunity to trade with advisors;
- well-developed and structured HYCM Lab section with bunch of useful information;
- quick trading platforms from renowned software developer;
As for flaws, then I personally can't state that there is something I don't like. I quickly adapted to conditions and now feel like a fish in the water.

Service
Value
Quality
Thumbnail of user aimb
7 reviews
4 helpful votes
February 18th, 2021

There are a vast number of brokers in the financial markets now. They trade on different markets and platforms, provide a wide range of services, have the capital, and offer leverage.
I personally assess them according to several parameters. The first one is reliability. And HYCM is all right with that. It's a well-regulated broker.
The second one is the choice of assets. It's not bad at HYCM, but I've seen companies with several thousands of assets. And I like that better.
I don't know how you can trade and control risks with such a deposit. Yes, it is good that you can start with only $100. But then what to do with this sum? I'm a man who thinks ahead. And I don't understand how I can grow my deposit without significant risks with such an amount.

Thumbnail of user carloc104
1 review
1 helpful vote
April 3rd, 2023

The main feature of Hycm is that it's a highly reliable forex broker which is valuable especially in the forex market.
However the trading conditions offered are average. There are multiple markets but the overall number of assets are not very big.
I would say that it's all nothing, except the commission on the Raw account. Hardly any scalper can appreciate such commission, even considered the spreads are great.

Service
Value
Quality
Thumbnail of user hansb80
1 review
1 helpful vote
March 20th, 2022

Precisely because they offered three different types of spreads without reference to the amount of capital.
It may seem like something not very significant, but when you start working on the market, you understand that it is spreads that can affect your result in one way or another.
I personally have focused on fixed spreads for now, because I didn't have such experience before, from a couple of points, this is quite adequate considering my plans for the future.

Service
Quality
Thumbnail of user marekh17
1 review
1 helpful vote
February 2nd, 2023

Well, guys, here's my genuine review about HYCM services.
I'll be brief.

Assets:
- solid list of assets
- leverage is dynamic
Spreads:
- fixed and floating
- tight
Regulations:
- they are present
Customer support:
- reliable and quick

So, I haven't enlighten everything I'd wish to, nevertheless, these characteristics should tell you a lot about this brokerage company.

Service
Value
Quality
Thumbnail of user manishk156
1 review
0 helpful votes
February 7th, 2022

If you feel kinda frightened it could attack you as a hacker, you are too emotional bcz it's not what you might have thought. I say the broker's name seemed suspicious at first but I looked up info about it and found nothing scary. It's regulated and works very long time in the industry.
As for my interest in this company, I needed fixed spreads for certain assets to trade them at night and I got exactly what I expected.

Thumbnail of user akhilc5
1 review
3 helpful votes
February 11th, 2022

I always use exceptionally wire transfer. Everything because it seems to me that in this case my money are in safe. Of course, various payments platforms also protect money from being lost, nevertheless I tend to trust wire transfer only. This broker offers wire transfer from 250$ and it may take from one to seven days until my fund would be received. It's comparatively nice conditions. I like when the conditions suit my needs. In real life it never took over 3 days for money to reach me.

Products used:
Forex broker

Service
Thumbnail of user santiagoa67
1 review
0 helpful votes
June 6th, 2022

HYCM broker attracted me by the variety of types of account and trading platforms. I had a broker which didn't propose me something like this. One platform, one account - awful. Here traders can choose between three main accounts, however there is no opportunity to trade with expert advisors on fixed account. It's pretty sad, but don't think that it's a real problem. The broker is comparatively strong with its own peculiarities.

Service
Quality
Thumbnail of user welfm1
1 review
1 helpful vote
September 5th, 2022

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.

Thumbnail of user naram12
1 review
1 helpful vote
October 21st, 2023

At first I wouldn't believe that I was scammed by this platform, everything seems so real and true but unfortunately I found out that it was just a scam program, thanks to the company you can see in my profile/Headline for helping me recover everything they stole from me, including the return on investment mentioned above.

Service
Value
Quality
Thumbnail of user kirtb5
12 reviews
4 helpful votes
January 1st, 2023

No need to substitute this broker with another one actually.

This one provides many interesting things for traders of all levels. Just imagine, you can choose various account types and they ain't require high deposits. It's kinda attractive, innit?

It created a separated "school" with seminars and webinars for rookies. Amazing! =)

Service
Value
Quality
Thumbnail of user ajinkyan
1 review
0 helpful votes
June 1st, 2023

HYCM is a forex broker that offers a variety of trading instruments to choose from. In addition to forex, clients can also trade real stocks on the HYCM trading platform and receive dividends as real investors in a company. They are fully regulated and licensed by regulatory bodies but they offer a customer service that does not reflect their class. Overall, I will settle that this broker is okay.

Service
Value
Quality
Thumbnail of user tric10
1 review
2 helpful votes
March 11th, 2022

I love my trading experience with hycm very much because I don't need to rack my brains thinking whether the broker is a scam or not. Now I am totally sure that hycm deserves my trust.
Firstly, it is due to numerous official regulations. It is of vital importance to know that there are third-party organisations which ensure that there are no criminal actions will take place here. I have already tried to withdraw the money and I should say that they are pretty fast.

Service
Quality
Thumbnail of user nicow20
1 review
0 helpful votes
May 17th, 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

Thumbnail of user usmana55
1 review
0 helpful votes
January 21st, 2022

Once I learned that it's one of the oldest brokers I made a decision to sign up even though I already had an account with the other one. I was looking for a bacup account. I'm prone to trusting such brokers and I know that they are all regulated.
I opened a Raw account here because this account comes with very tight spreads.
I have nothing to complain here. Execution is good as it should be with regulated brokers.

Service
Value
Thumbnail of user mdabdurr3
1 review
1 helpful vote
September 27th, 2023

My account blocked with my fund. All position automatic closed by hycm. They are full scam i lost 500$ mt5 is *******

Products used:
forex

Service
Value
Quality
Thumbnail of user cheongl1
1 review
2 helpful votes
July 13th, 2022

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!

Service
Value
Quality
Thumbnail of user aarifm1
1 review
0 helpful votes
January 4th, 2023

This broker belongs to the elite group. It's regulated and works in the industry more than many other well-known brokerage companies. It offers flexible trading conditions. On the other hand, it's all pointless if you can't trade. To benefit from this you need some experience, some skills.

Service
Value
Quality
Thumbnail of user alessios30
1 review
3 helpful votes
July 11th, 2022

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.

Quality
Thumbnail of user theoe15
1 review
0 helpful votes
January 9th, 2022

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.

Service
Quality
Thumbnail of user varotir
1 review
1 helpful vote
September 26th, 2023

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?

Thumbnail of user jukkas1
1 review
0 helpful votes
June 14th, 2023

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.

Service
Value
Quality
Thumbnail of user bharatp28
1 review
0 helpful votes
February 27th, 2022

I approach trading in a non-standard way. I perceive it as a mystery I'm expected to resolve, a kind of game. Of course, I also want to make money but it's a secondary motivation. What drives me most is a strong desire to resolve what market makers want to do, how they are going to drive the market. Once my forecast is right I get pleasure that I coped with this task. That's my approach to trading with any broker including this one.

Thumbnail of user filipb24
1 review
1 helpful vote
June 22nd, 2022

I paid attention to this broker because it seems to me that brokers are characterized by the attitude to traders. They express their attitude via various convenient tools and good customer support.
Customer support team was the very first thing which I noticed here because I asked them about deposit/withdrawal methods and they have explained me everything quite fast...
Nevertheless, I can; t understand why does this broker propose fixed account... there is a little amount of traders who prefer fixed spreads in my opinion... spreads are quite wide on this account.

Thumbnail of user vincep97
1 review
3 helpful votes
May 28th, 2022

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.

Service
Quality

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Thumbnail of user harryc551
Harry C.

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