I recently changed my broker and am now trading with HYCM. Honestly admit that I am satisfied! There is a large selection of assets for trading. But I especially like the MetaTrader 5 trading platform! Not all brokers have it, but here it is and it works perfectly!
I also liked in the beginning that the convenient form of 5 questions, by answering which you can understand which type of trading account is best suited.)) I was approached by Classic (there are low spreads)
One of the key thing which makes my work with hycm pleasant is the fact that it is a highly regulatd brokerage with consistent positive reputation in the trading community. It is really important to know that whatever happens, this broker will never let you down.
I didn't regret that I opened a trading account with this brokerage service. I had been somehow overlooking this company for a long time, despite its 40-year experience in the industry. Nevertheless, I joined it and I saw with my own eyes that I can rely on it.
The execution is very good. I didn't notice any attempts to manipulate prices on the part of the brokerage service. Perhaps, you heard many such stories. Here I didn't have a negative experience, although it would be strange to face anything like that with such a reputable broker.
I trade on a Raw account here because it offers very tight spreads. I don't know why it's called the Raw account, but it's an ECN account indeed. They also charge a fee for their tight spreads that points to the ECN account.
The broker doesn't bother me with bonus promotions because it doesn't give any. I never rely on bonuses because I don't want to face typical restrictions associated with bonuses.
I suppose HYCM is one of the most experienced company providing an opportunity to make money on the forex market.
When I found out about how many years this company has been operating, I realized that I should make a try.
Moreover, brokes is multi-regulated and you don't need to think scam can happen.
If we start talking about HYCM reviews, then one of the first things is the company's experience in the financial world. People value experience and professionalism. Therefore, many brokers choose HYCM. In addition, there are Metatrader trading platforms. 4 and 5. Trading Forex and stocks has become more accessible and the minimum deposit is only $ 100.
When I chose this broker, I first traded with a demo. But now it's time to trade real and make a deposit. But I couldn't choose which account type would suit me. HYCM has a convenient form of 5 questions, answering which you can understand which type of trading account is best suited.
It helped me choose the Classic)
I've been looking for a broker like HYCM for a long time. I like the excellent regulation, thoughtful service, and small minimum deposit here. And of course, it means a lot for me that the company has a good reputation and many years of experience in the market. This helped the founders build a company that is so much in demand on the market.
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 $100. But then what to do with this sum? I'm a man who thinks ahead. And I don't understand how I can grow my deposit without significant risks with such an amount.
I have contacted HYCM's customer service several times in order to clarify some trading conditions and both of those time I received wonderful service from the guys working there. It is a pleasure to realise that there is a service where you can always turn to whatever question you have. Such a feeling is priceless in trading and I greatly appreciate that.
The platform does not lag, it is convenient to work. The number of tools is quite enough to find a suitable strategy. The technical support is excellent, alwas promptly responded to queries. I like everything, I think I will stay here for the time being.
Oldest actor on forex scene with many awards for different services. You can start with 100$ and use maximum leverage up to x500. Follow your risk strategy.
Company regulated by fca. Companie's feature is multi-assets trading with trade instruments such forex, stocks, indices, cryptocurrencies, commodities and etc.
Hycm accounts are pretty diverse. It means they would be welcomed by any trader.
Even some scalpers can find themselves comfortable here with the tightest spreads on Raw account.
On top of that these accounts don't require big spendings. Just 100-200 bucks and you're in. Good stuff!
HYCM like many other brokers have different account types and more often thatn not it is hard to see which type will suit your personal trading the most. I liked that the broker helps the trader choose the most appropriate trading account in order to make your trading more efficient and avoid paying too much charges.
This is a rather nice option for both daytraders and investors. The variety of assets that are presented here exceeds the options that online brokers normally offer. I think its good that they've got foreign stocks, indices and a number of cryptocurrencies in a portfolio. The more assets you've got available for trading, the fewer opportunities you miss.
The important thing for me is that HYCM really has no conflict of interest. Guys, this is checked quite simply. After several weeks of trading with opening trades of different types (for a few seconds, pending on Friday at market close, etc.) - check will the broker cancel deals. With previous broker, I often had such trades canceled, especially if they were opened on Friday The profit was canceled with an explanation that the deal did not fit the terms. In HYCM since 2020 I have no such problems. And I received all the profit. Only a honorable broker can provide such conditions.
The best decision I have made for myself so far, is taking my money out of this company and investing it with AVASTMARKET, i have been enjoy good ROI and I have made a lot of profit from this company, I hope you try them out as well today. Enjoy
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.
I like the fact that HYCM provides normal trading conditions! My ex-broker is a complete nightmare. I could not trade normally. There were huge slippages. I am very glad that HYCM has no such slippage. Now I hardly notice him. You know that slippage and large spreads are painful for all traders. We can say that HYCM is the doctor who relieved the pain! Can I say that? I think so, because it's true. There are really low spreads! Those who trade here are already convinced of this! And I was convinced too.!
I am not sure about my life in many ways. But I am sure that I will definitely trade with the HYCM broker!))
Despite fact that several times I had requotes on strong movements, I think order execution quality is excellent. As far as I know, occurrence of requotes during strong movements is a normal thing for all brokers. So, all in all, I am delighted with services!
Great company. I would like to give it a plus just for allowing users to use Metatrader 5 for trading. I've read a thousand times that the fourth version is much better. But to each his own. I, for example, like the extra features of MT5, such as more timeframes and a greater variety of orders.
I opened a Fixed account a year ago with $100 minimum deposit.
Now I have more than $1000 in my trading account. In half a year I expect to double this amount.
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.