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HYCM

How would you rate HYCM?
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Malaysia
1 review
0 helpful votes
Follow Weeratunge a.
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The minimum deposit/trading condition value is crazy. It's rare to see such a reputable company with such affordable accounts.

Date of experience: November 26, 2022
Viet Nam
1 review
0 helpful votes
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Pleasent Suprise
September 8, 2022

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.

Date of experience: September 8, 2022
France
1 review
0 helpful votes
Follow Abel G.
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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.

Date of experience: June 16, 2021
GB
1 review
0 helpful votes
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HYCM is my first broker and I really appreciate it has so much information in educational sector. Very helpful and all in one place!

Date of experience: July 20, 2022
Spain
1 review
0 helpful votes
Follow Marc C.
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People like me trust two things:
1. Experience.
2. Truthfulness.
That's why I chose HYCM. Those who traded ehre know what I mean!

Date of experience: April 5, 2022
Brazil
1 review
0 helpful votes
Follow Jan E.
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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.

Date of experience: December 18, 2020
Italy
1 review
2 helpful votes
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Count on experience
August 21, 2022

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.

Date of experience: August 21, 2022
Malaysia
1 review
0 helpful votes
Follow Mohamad S.
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Good broker
October 31, 2022

This is great brokerage compani. I very like the raw account becos of the small spread but there is commision that is cheap.

Date of experience: October 31, 2022
Germany
1 review
0 helpful votes
Follow Ewald B.
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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!

Date of experience: April 25, 2022
Italy
1 review
0 helpful votes
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Reliable and solid broker
September 5, 2022

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.

Date of experience: September 4, 2022
Indonesia
1 review
0 helpful votes
Follow Mahmud A.
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My HYCM reviews.
July 18, 2021

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.

Date of experience: July 16, 2021
Belarus
6 reviews
0 helpful votes
Follow Situr S.
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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.

Date of experience: October 10, 2020
India
1 review
1 helpful vote
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Best brokers
January 10, 2023

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.

Date of experience: January 9, 2023

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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