HYCM Reviews 135

You definitely need time, because you need to have a good market understanding, strategies, portfolio, etc.
And I like the fact that I got all this points with this brokerage. I was looking for a company to trade on a long distance, so I did thorough analysis and compared many different brokers.
I chose to work with MT4, because it offers simple tools for analysis. I tried both variable and fixed spreads and finally I chose the fixed - they make me trade more comfortable, as I don't care about market fluctuations/

I liked working with HYCM. It's an adequate brokerage that works well and stays on the market long enough. It probably is due to the interesting company history, nice trading conditions and creation of a positive image for clients. And HYCM managed to do it all, I personally made sure of it.
I like Raw account the most, it suits me very well. Spreads are very low - from 0.2 points, but there is a small commission. In general, I'm satisfied with everything so far.

I hesitated to choose my broker for a long time because I really wanted it to be good and experience no troubles on broker's side. And I found this place and I think that this company corresponds to all modern trends, because it has raw spreads, which is a huge rarity, in addition, you can work here on a demo or choose one of the modern trading terminals for permanent work.
And there is also a very qualified and well-trained support service. I can always solve any problem in a couple of minutes...

I just recently started working with a broker. HYCM reviews were mostly positive, it has a regulator and quite favorable trading conditions. That's why I decided to open an account with it.
At first, it was very difficult to choose an account type, as the brokerage has 3 of them. But once I understood the trading conditions of each account, it turned out that they were quite diverse. A broker has a 5-question test to help us choose an account with the most favorable trading conditions. However, since I have read before that this test isn't always accurate, I decided not to use it. Therefore, I chose the type of account for myself, and it took some time.
But I was satisfied with the result of my choice, because the Classic account is perfect for me. Trading conditions on it - floating spreads from 1.2 pips, minimum deposit of $100, minimum trade of 0.01 lot, it is possible to trade with Expert Advisors.
I also liked trading with a broker, it works quickly, professionally. All my orders are processed with minimal slippage, money comes quickly. So far, I have nothing to complain about, no problems appeared :3

There is the affordable minimal deposit here. Every trader can start from 100$ only. It`s great. There are fixed and variable types of spreads. If you don`t know how type of account you should choose (with fixed or variable spreads), you can pass the test. It contains several questions about your trading style. Such as, how many trades are you opening per day? Do you use EA? And so on. Your answers will help to select right account type which will suit you more.

HYCM is good if you want to trade with regulated brokerage. It's even out of competition if you wanna trade with regulated brokerage that accepts small deposits and has good reputation. However, I think that if you're planning ot start trading with $100, you should think twice.
The thing is that $100 isn't enough to start real trading, so you will need to concentrate only on 1-2 assets, so to start a 'real trading' I think you need at least $200-$500."

This is my goal in the market #1.
Because I am very afraid to turn into a player and start chasing the market.
That's why I'm constantly learning here, often working on demos, orienting myself on new trends, so as not to miss something really important.
I withdraw part of the money so that my capital becomes stronger.
And I sincerely hope that in the future I will be able to achieve what I need again and again.

I was advised by my friend to try trading with HYCM. And since I trust my friend, I opened an account with brokerage almost immediately. Since then, almost half a year has passed, I'm still a client of HYCM. A broker has a long and interesting history, which makes it more experienced in providing brokerage services among its competitors. I think it's cool, because for all this time I practically didn't have any problems in trading))

I've been working with HYCM for almost a year and a half now.In fact, I knew right away that I would love to trade with this broker and that we would quickly work together.
A broker has as many as 3 different account types, which is quite unusual. But what is more, the trading conditions on each account are different and it is very easy to get confused.
But a broker also has a way out for this problem - a test. Based on a few questions about your trading, you are offered a more or less suitable account type.
But in fact, the account that you have picked isn't suitable like every time, so you need to think a bit about it yourself.
Now, I'm so used to HYCM and its trading conditions, that I can't even imagine trading with another brokerage.
By the way, personally, I got a classic account according to the test results, and I still trade on it, because it suits me perfectly. It has quite low spreads and you can trade with Expert Advisors. So, even after a year and a half, the broker couldn't disappoint me, and this fact speaks for itself.

Cause there's nothing too complicated. You can work here on your own, develop and test everything you like. Of course, there are restrictions because of the regulators, but there is security, which is so lacking in many other modern companies.
But most importantly, there are different types of spreads that have small volumes, but you can try all of them, without any problems at all, and you will work the way you like. And that's certainly promising in our time.

What I like most about a broker is that it is very responsible in its work with clients. Considering the long history of the company, we can assume that this approach the broker has formed for years of experience.
And it is actually very noticeable, because it is as comfortable as possible to work with it. And it isn't even in the broker's trading conditions, but in this atmosphere, you know? I've been working with it for about half a year, and so far I haven't really found any disadvantages that would significantly harm my work with a broker. So I will continue to work with this brokerage :p

HYCM is totally not the perfect brokerage, it has its disadvantages. But I trust it, it has good trading conditions. And due to the fact that it has been in the market for so many years, it has such advantages that not every broker has. For example, it is a reliable market data feed. In other words, I'm always sure that the price set by a broker won't be subject to different manipulations. And to me, it's better than most popular brokers have to offer))

Because I've been interested in this topic for a long time and I've been looking for information and tried to trade for a long time, and at first I tried very carefully, and over time I started to work more confidently. And I really enjoy it, because I've always dreamed of doing my favorite thing and making money at the same time.
I decided for quite a long time with a brokerage company, because I wanted to find some simple and affordable conditions that would allow me to just work as I feel comfortable. It seems to me that this is the way it is, for me personally. But I can't comment on any narrowly specialized services. I use variable spreads, forex calculators, sometimes watching webinars and reviewing analytics.

But not all people understand this and not all people can use it to their advantage.
In fact, many people, especially beginners, are convinced that it is possible to earn here quickly, effectively and without investments. And that luck and activity are enough for this. But this is not the case at all. In fact, the market, trading and in general any business requires money, time, knowledge, willingness to solve certain problems, etc.
I like the fact that this company does not say that trading is something that is available to everyone, that trading does not require efforts, etc. On the contrary, here you understand that it will not be easy, but in return you get certain tools to make your work more active.
Different types of spreads, access to a classic trading terminal with a wide range of assets, original tools for making calculations, etc. All this can be used by every client and gradually become a professional.

A broker has many advantagess so it can be referred to tier-1 brokers.
1. Regulation is the most important thing that a broker can have. Regulatory organizations differ greatly among their requirements. Some simply monitor the security of the broker, its financial condition, so that the company has the authorized capital not less than a certain level. Others, like FCA, has more strict demands. Regulations such as the FCA are considered tier-1 regulations, so tier-1 brokers have regulations like FCA or NFA. The FCA makes quite serious demands on brokers. On the contrary, regulations such as CIMA are considered simple enough. HYCM has 4 licenses: FCA, CySEC, CIMA and DFSA.
2. I liked the trading conditions at HYCM, spreads, despite the fact that it is a tier-1 broker, very affordable. Moreover, the minimum deposit is only $100, so even beginners can start trading with HYCM.
3. The broker offers a wide range of training opportunities, both free and paid, so you can learn how to trade even if you're a beginner.
So, a broker deserves attention. The only thing I didn't like is that a legal entity for you will be selected automatically based on your jurisdiction.

Because I'm tired of having to deal with certain money issues all the time, etc. It's always been hard for me, so one day I decided to change everything.
I definitely chose this company because it has been in the market for a long time and has a good reputation. There are certain conditions for the adaptation of novice traders. In particular, there are demos, market analytics, some training articles, etc. Of course, I cannot boast of great results yet, but I already have my first profit and I think that there are still many big and small victories ahead.

HYCM is a brokerage you don't have to get used to. You trade with it right away and you don't have any problems. Before I open an account with a broker, I checked it for a regulator. I liked what I found, and I opened an account with fixed spreads. Its spreads are slightly higher than the other accounts, but they don't change during the trade. Overall, I'm
moderately satisfied with my cooperation with HYCM)

I can't say nothing more. Compared to other brokers it's just good, but I respect this brokerage as it's reliable and regulated and that's cool. No need to keep on thinking about security of my funds, as I know that everything is top notch.

I like this broker. For all I know, this broker was one of the first. I can highlight positive things, including a large number of assets and MT4/MT5 is available. To be honest, it's just a broker that has nothing unusual and will most likely fit before trading. But if you are going to invest a lot of money, I will also highlight a few nerds:
1. The education didn't seem to be very effective. Maybe because I already knew everything that was in the education but this is my opinion.
2. You can't choose a legal entity to trade with. For your understanding, a broker has 4 different subsidiaries, which are regulated by different regulators. You can't choose the company that you want. Your choice depends on your location.

For me trading started with the other brokerage and to tell the truth this was not a good experience. The problem could be in my inexperience, but I also suspect the trouble could lay in the area of the broker’s responsibility.
Anyway, after a year of trading inactivity, I’ve decided to start once again. The choice of the brokerage was painful enough. Those that were reliable in regulations, had awful trading conditions. Others that had excellent trading fees did not have any regulations.
The compromise was found at HYCM. Here I trade with the standard account:
- floating fees
- no additional commissions
- all kinds of regulations
- fast support
I’ve traded here enough to confirm that the broker is doing its job well enough. At least I didn’t have any reason to complain about executions and quotes. Last but not the least, when you are ready to do the withdrawals everything also runs smoothly. You do the request and get your money. That’s it. Overall I’m very pleased with the choice of a brokerage.