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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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!
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.
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.
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.
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.