The minimum deposit/trading condition value is crazy. It's rare to see such a reputable company with such affordable accounts.
I tryed many brokers on my trading career, many disapointed, but this guys are realy great. They have everything i want to trade, and i get no problems when i trade.
My experience with this broker is very positive. I simply followed hycm reviews and registered with this company. It's no wonder about it because I joined one of the first brokers in the industry. It automatically excludes the likelihood of being a scam and I think you would agree with this fact.
By the way, in spite of the whole trustworthiness of this brokerage company, I should note that there's a great deal of luck in my acquaintance with this broker. My experience with this company could be not so shiny if I joined another branch of this broker.
I joined HYCM LTD (St. Vincent) because my place of residence allows me to do. This branch allows to trade Forex instruments with 1:500 leverage. It's a very crucial nuance for me. But there are European branches of this broker such as HYCM (Europe) Ltd (CySEC) and Henyep Capital Markets (UK) Ltd (FCA) that don't allow to trade FX instruments with such leverage. Instead, you can count on 1:30. So, I just want to warn you, guys if you live in the EU and this may happen. Nevertheless, I think that it makes sense to trade with this broker even with that EU regulation restriction because it's a reliable partner and that restriction can be compensated by a different trading approach.
HYCM is my first broker and I really appreciate it has so much information in educational sector. Very helpful and all in one place!
People like me trust two things:
1. Experience.
2. Truthfulness.
That's why I chose HYCM. Those who traded ehre know what I mean!
Before trading with this brokerage I've read a lot of HYCM reviews and almost all of them were positive, so that determined the fact I decided to trade with this company. I can't say that I can agree with all points that I've read in reviews, but will move step-by-step.
1. Legal info. Brokerage is fair with its clients, there's no shady places if we're talking about its legal information. You can find any details on their website and its Terms and conditions are quite fair. There's no 'weak places' that would allow brokerage to manipulate you somehow. Everything is written detailed, without strange points like 'The broker is not responsible for client accounts'. Almost all reviewers are ignoring legal info, but that's of first importance when you're choosing brokerage.
2. Regulation - brokerage is fully regulated, FCA and CySEC, everything is very well in this regard. They're 2 most popular and trusted European regulators, nuff said.
3. Trading platforms: Metatarader 4/Metatrader 5, nothing special. Some reviewers are so excited with MT5, but I see almost no differences compared to MT4.
4. Spreads. There are 3 account types, I've tried only ECN. Nothing special as well, spreads are tight, around 1.2 pips for my Forex portfolio.
The broker has decades of experience to brag about. This was the deciding factor in my picking of a broker. I know I can always trust the experience.
This is great brokerage compani. I very like the raw account becos of the small spread but there is commision that is cheap.
I think I did the right thing when I opened an account here with raw spreads. I know many HYCM traders use it because the spreads are truly suitable!
Reliable and solid broker. HYCM is committed to all terms and conditions. This is exactly what I expected from my broker and what I got from HYCM.
I recently started working with this broker and want to provide some hycm reviews.
It became interesting for me to trade here because the HYCM broker is part of the well-known financial holding Henyep Group. This company has been operating since 1977 and has many clients around the world. This is a good indicator because the company is still operating successfully. HYCM Forex broker has been providing CFD trading services since 2000. And what are the advantages here...
There is a really large selection of trading assets:
- Currency pairs (but not some exotic ones)
- Company shares
- Indices
- Cryptocurrencies
- Commodities
- ETF (very popular now)
You can trade using the MetaTrader trading software. MT4 and MT5.
You can also choose fixed spreads for trading. But many people choose floating spreads or a raw spreads account.
The disadvantage for traders from all over the world is that it does not accept clients from: USA, Canada, Hong Kong, Japan, France and some other countries.
HYCM Limited is registered in Saint Vincent and the Grenadines. But the good thing is that there is CySEC regulation and clients' money is kept in first-tier banks.
A good broker, but at first it is difficult to understand the best way to trade and which account to choose.
I decided to stick with HYCM because I place reliability first. Well, the first thing that comes to my mind when I learn that HYCM was started in 1977 is that it's a veteran of the brokerage industry. If this company has been operating on the market since that time, it must be well-regulated and it's true. HYCM is regulated by CySEC, CIMA, DFSA, and FCA.
As an old-school broker, HYCM doesn't offer any custom-made trading solutions unlike younger brokerage services do. So, if you want to use something modern, sleek, and extremely intuitive such as cTrader, you can certainly look for alternatives. As for me, I favor tried and tested terminals – MT4 and MT5 – that's what you get with HYCM.
The broker doesn't provide the richest choice of assets. However, here you can find the most popular financial instruments. That's enough to trade profitably. For example, you can trade up to 40 currency pairs, indices, metals, ETF, cryptos.
I favor the tightest spreads, so I chose a Raw trading account with spreads starting at 0,2 pips.
I can't imagined my trade life without HYCM at these moment. Cause I trade in my RAW accounts on the days to days basis.
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.