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HYCM

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Hungary
1 review
0 helpful votes
Follow Mátyás D.
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I'm fond of crypto trading. I trade these assets with several brokers. Recently my friend advised me to try crypto trading with fixed spreads. To be exact, it's closely connected with one strategy but I'm not going to disclose it here.
So, this broker offers fixed spreads and I'm happy that my expectations as for this strategy met my expectations. However, the strategy requires some improvements but the main functionality is OK.

Date of experience: November 9, 2021
Viet Nam
7 reviews
0 helpful votes
Follow ManLo L.
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I already like it
October 20, 2020

I just recently started working with this brokerage, but I already like it. It's not difficult to work with it, I haven't had any complications in trading so far. It's cool that there are 3 trading accounts with different trading conditions. At first I opened a Classic account, but then I realized that even if Raw account has commission, spreads here are much more profitable. So now I trade on Raw account and I'm satisfied with its trading conditions.

Date of experience: October 19, 2020
Spain
1 review
0 helpful votes
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Impressive history
September 16, 2022

It feels like HYCM has an exceptional brokerage record and that's the only thing that is exceptional. Trading conditions are market average. Basically it's a broker for traders that appreciate the long history of the company more than pricing or orders execution.

Date of experience: September 15, 2022
Portugal
1 review
0 helpful votes
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I earned big money.
November 4, 2021

At first I also thought that it was impossible to make big money trading Forex. Everything changed after I registered with HYCM broker. Maybe, the conditions here are so suitable, I do not know. Nevertheless, after one year of work I earned big money.
Only this big money comes with blood and sweat. If you want to become a professional trader, then get ready to walk the road of your own trial and error for more than a year. No one can teach you to trade successfully, not for any money. Yes, you can earn very well, but very few people do. Most people take the bait for the opportunity of easy money and only a few really smart people have a good profit here. My tactic requires a fixed spread account, and HYCM broker provides that opportunity. The main thing is don't be afraid, sign up and try trading.

Date of experience: November 4, 2021
California
7 reviews
0 helpful votes
Follow JillianReinger J.
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You have to work.
September 30, 2020

In the market you should not count on any good coincidence of circumstances or on the fact that you can duplicate someone's actions and get excellent profits. The market is a place that requires knowledge, observation, attention, awareness and many other parameters. And this needs to be understood from day one in this business.
A company here can also be a help or an obstacle. And I, for example, believe that this company is the best thing that happened to me. Because here I learned to work independently, here I found a good theoretical knowledge base for beginners, here I was able to experiment with spreads and chose the best ones (raw), so I'm absolutely satisfied and hope that soon I will be able to boast of some major achievements.

Date of experience: September 29, 2020
India
1 review
0 helpful votes
Follow Aarif M.
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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.

Date of experience: January 4, 2023
Portugal
1 review
0 helpful votes
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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.

Date of experience: June 6, 2022
India
1 review
0 helpful votes
Follow Ishat B.
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I have been working with a broker for 5.5 years, I am an experienced trader. On the positive side, I can note: the company offers traders to try their hand at demo accounts, without the risk of losing their own funds.
In addition, HYCM offers special conditions for VIP clients and corporate clients for trading in large volumes. Provides a personal manager, provides in-depth market analysis, more profitable spreads for fixed accounts.
The company provides a wide range of trading instruments for work: currency pairs, indices, commodities, stocks, crypto.

Date of experience: May 24, 2021
Illinois
10 reviews
1 helpful vote
Follow Raiskio R.
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In fact, even when I read the hycm reviews and liked them, I still didn't fully realize what was waiting for me and what the conditions would actually be. We all know that people tend to exaggerate, especially when it's practically an advertisement for a brokerage company. But I was surprised that in practice it was even better than I thought, because here I found opportunities to test the market and all sorts of strategies. And that was really valuable to me.
And I liked very much the fact that here there are raw spreads, which allow you, with less than $5 commission, to work actively and try even those assets that you have avoided for various reasons before.

Date of experience: January 22, 2021
India
1 review
0 helpful votes
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The broker aint a scam
February 7, 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.

Date of experience: February 7, 2022
Ukraine
6 reviews
0 helpful votes
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For me trading was a completely new business, which required a lot of effort and time. I had to learn everything from scratch and constantly appear in some new situations and I was forced find a way to resolve arising issues.
In fact, it seems that I coped with it and this company played significant role in my growing up as a trader. Of course, I also did well, but company provided me ground to lean on.
I constantly read the educational materials and watch their webinars, which help me to see many things in practice and further apply them in my trading.
That's why I periodically withdraw funds and I'm m satisfied with how my trading is progressing, how I would become better.

Date of experience: October 17, 2020
France
1 review
0 helpful votes
Follow Gabin D.
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Do you know how to choose the right broker? Certainly, you need to pay attention to those who have been on the market for many years and at the same time keep a good reputation and offer excellent trading conditions for traders. When speaking of such kind of brokers only one comes to my mind at once, it is HYCM broker. A huge number of traders trust it. For example, the fact that more than 25.000 orders are executed here daily and at such load of the servers the broker has very fast and qualitative execution.

Date of experience: December 13, 2021
Italy
1 review
0 helpful votes
Follow Siro B.
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I never really took it seriously.
I always thought it was just commissions and that's it - who cares if it's fixed or whatever.
But now that I have tried different formats, I know for sure that it really makes sense and it can really make a big difference in the bottom line and you should definitely try it to draw conclusions and choose for you what will provide your comfort in the market and lead to more stable results.
So if you haven't tried fixed spreads or raw spreads here for example - by all means try it - because it can take your performance to a whole new level - that's for sure.

Date of experience: April 11, 2021
Viet Nam
1 review
2 helpful votes
Follow Tri C.
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Fantastic broker!
March 11, 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.

Date of experience: March 10, 2022
Greece
1 review
1 helpful vote
Follow Petros T.
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I trade with classic metatrader 4 and brother by metatrader 5 trading platforms.
Also we share with each other by our trades while on a go. We trade through phones also. There is nothing bad in it if you know how to use it. Its just an another tool.
Check their workshops - you will find a lot if useful info.

Date of experience: April 12, 2022
Bangladesh
1 review
0 helpful votes
Follow MD MASUM B.
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Big big scam
July 25, 2023

My mt4 is *******
Last 3 month i lost 1300$ last i deposited 300$ porift only 150$ now they closed my account & i cannot see any fund in my account i m very upsest please help me. Here show i withdreawl but i dont any withdrewal please help

Date of experience: July 25, 2023
RU
10 reviews
1 helpful vote
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New experience
December 12, 2020

Recently I wanted to try something new and unusual for me. And then I decided to try raw spreads. And you know what? It's just a very interesting experience. It turned out that 1. It motivates to work faster, 2. It is financially beneficial, 3. It suits me. So I am very glad that I experimented and found a profitable format for only $4 per trading session!

Date of experience: December 11, 2020
RU
6 reviews
0 helpful votes
Follow Ethan S.
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The brokerage has been working in the market for a long time, so it totally has a lot of experience :)
And all this has a great impact on the quality of its services. It is very comfortable to trade with a broker, and it becomes noticeable almost immediately after opening an account with it. Trading conditions at the broker are also quite favorable, but I started working with it not because of them.
For a long time I would like to trade with a reliable brokerage that I could trust, and it is exactly the kind of one.

Date of experience: October 25, 2020
Poland
1 review
0 helpful votes
Follow Norbert M.
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What immediately catches your eye when you go to this broker's website is that it has been offering the service since 1977. It's been under the UK regulators for 20 years! It turns out that the broker has been on the market for a very long time and has a lot of experience in financial activity.
I have been registered with the broker for two years now, but only last week I discovered the educational section on the broker's website. It was created specifically to help beginners to understand the trading platform and I want to say that the quality of the material they have created is excellent.

Date of experience: December 6, 2021
Ukraine
6 reviews
0 helpful votes
Follow Shang S.
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It`s clear that the developers have not spared money on the app. It works fast, has many useful features and simple, user-friendly interface. There are also notifications which comes on your phone, if there are important events in the market here. For example, the speeches of the heads of the Central Banks or the release of statistical data. Or just important news. I highly appreciated this feature. It is convenient for trading on the news.
There is nothing superfluous in the app. Only the data on accounts, withdrawals and deposits.
The design is cool. So bright and at the same time quite discreet.

Date of experience: October 9, 2020

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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