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See what reviewers are saying

Rated 1 out of 5 stars

After 20 years of trading with various FX brokers, I can confidently say this has been my worst experience. ***Their withdrawal practices are unacceptable and raise serious concerns !! Still I hav... See more

Rated 3 out of 5 stars

There is no doubt HYCM is a very safe broker to work with. The regulatory commissions have top tier reputation among the trading community. Trading conditions are not ideal though. Fixed spreads could... See more

Rated 1 out of 5 stars

Real Scam Broker i open account and just singel tarde after 5 min i receive your Account is close and they did not send my payment i don,t know what is the resson even i send them email i did not... See more

Rated 1 out of 5 stars

THEY WILL BLOCK YOUR ACCOUNT AND NEVER PAY YUOR PROFIT.100% SCAMMERS.ALSO THEY NO MORE ACCEPT CLIENTS FROM EUROPE BEACAUSE THEY DONOT HAVE A LICENSE . NEVER OPEN AN ACCOUNT NEVERRRRRRRR

Company replied

Company details

  1. Finance Broker
  2. Investment Company
  3. Investment Service

Written by the company

HYCM is a leading online FX and CFD trading service provider to retail and institutional investors. With a 20+ year operational history and a strong focus on client satisfaction and technological advancement, HYCM has become the online broker of choice for investors across the globe, providing access to a range of asset classes, including currencies, commodities, metals, shares and indices. HYCM offers clients a complete trading solution together with all the trading tools and analysis needed to make informed trading decisions. Backed by state-of-the-art trading platforms, including its flagship multi-asset platform, the industry-leading MetaTrader 4 and MetaTrader 5, and mobile app, enabling clients to trade while on the go, HYCM has secured a strong industry reputation for delivering a trading experience that is second to none. HYCM is multi-regulated and part of the HYCM Group, an international conglomerate with years of expertise in providing financial services. The Group is represented globally with offices in the United Kingdom, Hong Kong, Cyprus and Dubai. * Your Capital is At Risk


Contact info

1.5

Bad

TrustScore 1.5 out of 5

135 reviews

5-star
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Replied to 22% of negative reviews

Typically replies within 1 month

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Rated 5 out of 5 stars

i was afraid of trading

opened demo here couple of months ago and only week ago started trading :D for no reasons, I postponed the start in trading because I was super afraid of losing money. read a lot about psychology due to hcm educational materials - they are really worth reading. I found many new things for myself which helped me o start trading. These days everything is okay, I stay on fixed account as fixed spreads are clearer to me than variable ones. Everything goes well... yet. Maybe something will change in future, but I am striving to reach financial independence. The goals is super tough, but I am here to learn and develop skills.

June 18, 2022
Unprompted review
Rated 5 out of 5 stars

Calculators

Let me add some math to trading!
This comment is for math and statistics lovers like me.
Broker HYCM provides its clients with many services. For me, the most interesting is section on broker's website devoted to calculators. Here you can calculate the most important indicators. For this purpose, broker has 3 calculators: Pip Calculator, Currency Converter and Margin Calculator.
Thanks to these calculators, I can check all costs even before opening deal.

May 14, 2022
Unprompted review
Rated 4 out of 5 stars

study, help, work, exist

we got the power to make our future by our own. this is cool that hy affiliates programm allows making money and changing the way we live

May 13, 2022
Unprompted review
Rated 5 out of 5 stars

Stay calm and make profits here

As i remember, these guys have been operating since the 20th century. unfortunately, there are not many useful hycm reviews. so i wanna show my experience and give so advice to the young generation.

The broker stays with the classic metatrader trading platform and range of different markets:
-forex
-stocks
-indices
-commodities
All markets fits with relevant leverages. use multiplier with mind. fortunately it is not as big so make sure it fits with your risk and money management. For those who dont know how to deal with it and trade safely, please check broker's education materials, webinars, seminars and workshops.

Company has different account types accorfing to your trading scenarious, so it would be easy to start. Do not forget that it is just a tools and you need to trade by yourself. After all, this broker is well regulated and has clear regsitration so there is no worry for earnings and funds to be in danger.

So far so good I like this broker and recomend it to my trading collegues.

May 10, 2022
Unprompted review
Rated 3 out of 5 stars

there's room for improvement

There is no doubt HYCM is a very safe broker to work with. The regulatory commissions have top tier reputation among the trading community. Trading conditions are not ideal though. Fixed spreads could be a bit lower. You can get lower spreads, but it’s on a commission based account. In general it’s a broker with a good foundation that needs further development.

May 6, 2022
Unprompted review
Rated 3 out of 5 stars

I opened a real HYCM account.

A lot of people in the world can't take forex trading seriously. Before I opened a real HYCM account I couldn't believe it either. I thought it was a scam. BUT I already receive my first profit. NO SCAM AT ALL!

April 9, 2022
Unprompted review
Rated 4 out of 5 stars

Low leverage is cool

HYCM provideas crypto trading with low leverage. I lost plenty of money because of high leverages on cryptocurrencies. I control myseft now :D
I would note broker is trustworthy

March 27, 2022
Unprompted review
Rated 5 out of 5 stars

Nice broker, no complaints

Well,in my opinion, all the brokers have to comply simple rules: be responsive and responsible, be reliable and always develop the service in a better way. However, not all the brokers comply with these rules.
I have plenty of experience in trading and faceed such brokers who aren't reliable at all. Nevertheless, HYCM is different. Fortunately, everythinjg was as I expected. Can be reccomened!

March 23, 2022
Unprompted review
Rated 4 out of 5 stars

Great functionality of the broker.

As for me, I like the fact that hycm has different account types which are suitable for some certain style of trading. It is a common knowledge that people trade differently and they definetely need different trading conditions. Hycm has a quiz which helped me understand which account type to choose.

March 14, 2022
Unprompted review
Rated 5 out of 5 stars

I learned ‘bout from hy affiliates reviews

The decision to earn passively with the broker was quite spontaneous for me. Before that I was used to trading manually and it suited me. I never cared about other ways to earn with the broker. Of course, I heard about affiliate programs before but I never took them seriously. I thought that a trader should be able to trade manually and the rest doesn’t matter.
Nevertheless, someday I stumbled on hy affiliates reviews and decided to try this stuff. Perhaps, I was lucky to be in high spirits once these reviews came to my sight. Maybe I would neglect it being in low spirits.
So, I’m already earning with this program for two months. At first I wanted to stick with the CPA scheme but then changed my mind mind and decided to earn from each lot traded by the attracted persons. Luckily I knew in person several experienced traders and brought them here. Just two guys, but as of now it’s enough for me.

March 9, 2022
Unprompted review
Rated 4 out of 5 stars

I took an opportunity to earn PASSIVELY

I had been trading manually with this broker for more than two years. I can say that everything suited me. Nevertheless, over time an idea came to my mind that I could somehow back my manual trading. I should note that I hate copy-trading. So, I needed something different. I occasionally stumbled on hy affiliates reviews. It encouraged to try to earn passively with the broker.

This affiliate program offers several schemes. I chose a CPA.. Here I am paid one time for each attracted person. I get paid on the condition, the attracted person open a trading account, deposits money and trades for a while.
I had to temporarily distract from manual trading to pay more attention to the affiliate program. Then I got back to my manual trading with HYCM and now I even combine manual trading with affiliate marketing.
In real life this is not a PASSIVE income for sure. You've got to work hard to get some acquisitions.

February 4, 2022
Unprompted review
Rated 4 out of 5 stars

Nothing special but nice attitude to customers

This broekr offers quite fascinating conditions, for example, I liked the test, consisting of five questions, which elp you to determine which type o account suits your needs and your temper best. As for me, this helps lots of new traders to understand where to start.

January 19, 2022
Unprompted review
Rated 4 out of 5 stars

I was advised a lot of the HYCM broker.

I recently decided to try traiding here, because I was advised a lot of the HYCM brokeк. Therefore I opened clasic accaunt here, but everything seemed very difficult to me and I think that I need time to learn.

January 14, 2022
Unprompted review
Rated 3 out of 5 stars

I haven't figured it out yet...

In terms of technical parameters the company suits me very well, everything is arranged in a modern and comfortable way.
However, their analytics are just a joke - just general phrases and some advertising articles, I didn't understand it at all.

January 10, 2022
Unprompted review
Rated 3 out of 5 stars

I need to wait and learn and work more.

I think that trading may become my main source of income in the future, but now it is not possible. I made a minimum deposit a week ago and have no good results yet.
I understand that for a good start I need at least 1000 dollars, but now I do not have so much free money.
Therefore, I need to wait and learn and work more...

December 7, 2021
Unprompted review
Rated 4 out of 5 stars

Good place for affilaite marketers

HY affiliate program has a lot of benefits to offer to affiliate marketers. It all starts with attractive payouts above the industry average, several commission models, strong support, free marketing kits and informative platform. The broker is present in many countries, so it’s possible to run multilingua; campaigns. Regulations speak for themselves. Commissions can be withdrawn to a trading account, funds always come in time. THe large number of positive HY affilate reviews can confimr that.

December 7, 2021
Unprompted review
Rated 5 out of 5 stars

Alternative income.

I started trading with the HYCM broker a half of a year ago. The conditions are great here, the broker's reputation is solid, while the safety of my funds is at the highest level. Everything looked good to me at the beginning until I got stuck with a couple of losing streaks. I mean I could not understand the reasons for the volatility in many currency pairs. So I had to take breaks in my trading to improve my skills as I’m still learning.
I decided to find an alternative source of income. I read many HY affiliates reviews, and signed an agreement with the CPA commission plan as one-time payouts were something that I needed to fix my budget. Now I work as an affiliate marketer on a part-time basis, and keep trading from time to time.

November 26, 2021
Unprompted review
Rated 5 out of 5 stars

This is HY affiliate program

Sometimes you need to find additional opportunities to make money. Each person has different reasons for this. The good news is that these opportunities exist. For example, different affiliate programs.
I didn't know at first that the HYCM broker offers more than just trading. I may not have said correctly. HYCM offers online CFD trading and you can also have additional income. This is HY affiliate program. I don't need to do hard things to have good bonuses here, and this is the most interesting thing. I will make money if new clients register their live accounts with this broker. To do this, I only need to write HYCM reviews on various forums and tell my friends about this company.

November 23, 2021
Unprompted review
Rated 3 out of 5 stars

That’s an absolutely universal broker

I think that I’m lucky that I have found this broker because it’s very universal. I’m a kind of trader who wants to trade everything. I’m not focused on just one thing. I want to trade currencies, commodities, indices, not to mention cryptos and I would like to benefit from 24/7 non-stop trading. Of course, I need some sleep and when I sleep my pending orders work for me.
Here I appreciate to trade with either fixed or floating spreads. I have already made the most of the broker’s Raw account. This name shouldn’t confuse you. It’s an ECN account, in fact.
The broker also has a Fixed account. From time to time I practice news trading on it. I’m going to try night trading on it too. You know fixed spreads don’t move and it’s very good for night trading - the period when floating spreads tend to widen.

November 8, 2021
Unprompted review

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