9.6/10
(67 qualified reviews)
US Traders
  • Islamic accounts available
  • Company Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Ltd, Henyep Capital Markets (DIFC) Limi
  • Founded in 1977
  • Online since 1999
  • Offices in
    • Hong Kong
    • United Arab Emirates
    • United Kingdom
  • Payment options
    • Credit/debit cards
    • Neteller
    • Skrill
    • WebMoney
    • Wire transfer
  • Demo platforms
    • MetaTrader 4
    • MetaTrader 5
  • Account currencies
    • Canadian dollar
    • Euro
    • Great Britain pound
    • United States dollar
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    • Cayman Islands Monetary Authority, 1442313
    • CySEC, 259/14
    • DFSA (Dubai), 000048
    • FCA (UK), 186171
    • FSA (St. Vincent & the Grenadines), 25228
  • Website available in
    • Arabic
    • Chinese
    • Russian
  • Support available in
    • Arabic
    • Chinese
    • English
  • Support methods
    • Callback
    • Email
    • Live chat
    • Phone
  • Trading server time zone GMT
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $100
  • Minimum position size 0.01 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 1.8
  • Expert advisors Forbidden
  • Trading instruments
    • Forex1:325
    • Stocks1:14
    • Indexes1:89
    • Soft commodities1:75
    • Metals1:205
    • Energies1:226
    • Cryptocurrencies1:20
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 4
  • Number of currency pairs 22
  • History
    Show history Hide history
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $100
  • Minimum position size 0.1 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 1.2
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:325
    • Stocks1:14
    • Indexes1:89
    • Soft commodities1:75
    • Metals1:205
    • Energies1:226
    • Cryptocurrencies1:20
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 4
  • Number of currency pairs 22
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-Cancels-Other (OCO) orders
  • One-click trading
  • Browser-based platform
  • Minimum account size $200
  • Minimum position size 0.1 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 0.2
  • Commission (one-way) per 1 std. lot $4
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:100
    • Cryptocurrencies1:20
  • Trading platforms
    • MetaTrader 5
    • Currenex Classic
  • Digits after dot 4 or 5
  • Number of currency pairs 30
  • History
    Show history Hide history

Reviews

89 reviews of HYCM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, India.

If you are seeking a proven veteran broker, it can be a good choice. Needless to say, it’s regulated. What’s more, I can say that it has two licenses. One of them is from cySEC and another is from CIMA. So, you can entrust your money to this broker.

Another advantage of this company is the possibility to trade either with fixed or floating spreads. Some people can do with floating spreads and see nothing bad in the fact that they tend to widen from time to time. Others need fixed spreads because they allow to trade in a less stressful manner.

, India.

HYCM broker is one of the most famous and recognizable brokers in the world, which has accounts in many social networks such as facebook, twitter, instagram, youtube. The broker has several regulators, among which are the most famous and reliable.

I started trading here back in 2008 and my main money is still here.

Withdrawing money here is hassle-free via Neteller, Skrill, Webmoney, Bank Transfer, Bank Card (Visa/MC).

, Hungary.

My acquaintance with the broker was occasional. I remember that someday I was surfing online and stumbled on hycm reviews. The first thing that I learned from them had to do with fixed spreads and it made me rush to their site without delay. By the time I learned that HYCM provided fixed spreads, I had already had an opportunity to trade with these spreads, so I knew about their advantage.

HYCM also offers floating spreads but I’m not interested in them. It’s because I mostly trade at night - the time when floating spreads look especially unattractive because they increase. If you think that it’s no problem I can argue that most probably you don’t have sufficient trading experience. Perhaps, you have never traded on news when there’s high volatility. Try this and you will see what I mean.

After two months of trading with this brokerage company, I can say that I’m satisfied with trading here because I got what I expected from fixed spreads.

, Poland.

If we talk about HYCM broker, I can say that this is a normal broker, it is quite possible to work with him. There are many assets to trade here, including cryptocurrencies. As for the withdrawal of money, there is fast processing of payments and no additional commissions. Withdrawal usually takes less time than described on the website. It is normal and quiet to trade here.

, Slovakia.

I chose this broker to work on my strategy built around on three indicators programmed on my own. For this purpose, I require fixed spreads and Metatrader 4 - that’s what I can get from this broker.

I think that it will take me about half a year to complete my strategy. I’m not very skilled in programming but I’m making gradual progress. However, apart from working on this strategy I paid attention to some assets I neglected before. These are cryptos. Earlier I neglected them because I was convinced it all was nothing but another market bubble, but the enormous growing potential demonstrated by cryptos for the last three months made me change my mind. So, I think I will work on a crypto strategy once I complete this. By the way, it’s for currency trading, but I think that crypto trading is far more promising and sometimes I even regret that I spent so much time trying to elaborate this currency strategy because currencies look so miserable against the backdrop of cryptos. I mean their huge investment potential, of course.

, Finland.

I found here a good place to trade at night. I should say that night is a very suitable time to trade a wide range of assets because it’s a very calm period. However, there’s one problem in night trading. At night floating spreads, mostly provided by brokers, widen a lot that makes trading less favorable. Fixed spreads are the only solution to the problem because they don’t move. That’s why I opened a Fixed account with the broker.

, Denmark.

I guess this broker offers quite competitive conditions. For example, I like the fact that it provides traders with several trading platforms like MT5 and MT4, nevertheless there is no maintenance of exotic instruments in case we speak about MT4, which can be a bit inconvenient for those who got used to trade exotic assets.

, Portugal.

Stability matters and HYCM is not an exception.

The first thing which catches the eye is the fact that the broker was founded in 1970s. Perhaps, that is one of the oldest brokers which exist and operates nowadays. It is very important for a broker to have some decent reputation and rich history in order to prove to everyone that it will not disappear withing the following week. What is more important is that the broker is regulated by four different jurisdictions. It has become a kind of a standard for every decent broker to be regulated by third-party organisations.

Speaking about trading conditions, they are fine, from my perspective. There three different types of account with different spreads and it is quite easy to choose the one which will suit your personal trading style the best because there is a quiz which will help you. More than that, I really like the feature which is called 'negative balance protection'. Basically, what the function is responsible for is to not to let a trader to go in the red. It is very important if you trade with the leverage because there is a certain risk of losing ore than you can afford.

, Netherlands.

Broker HYCM is my opportunity to make money. I've been trading here for 2 years and it's up to you to decide whether it's a lot or a little, but during this time I realized that I want to do this all my life.

As for the broker, I am happy with everything. Convenient trading platform for professionals. By the way, I recently changed MT4 to MT5. It really has more room for analysis.

I want you to remember that analytics and analysis are very important in trading, so you should have a lot of time for this.

, Malaysia.

Three years ago my distant relatives advised me to consider earning on Forex. I have always been interested in financial markets because of my economic education. I started to get acquainted with HYCM from educational sections - seminars and webinars. They helped me to work out my strategy and since then I manage to close 60-80% of my deals with profit. Withdrawal of money here is also no problem, I use e-wallets and within a few hours I see it in my account.

, Denmark.

It’s a good solution if you seek a reliable broker. It’s a licensed and respected broker. It even offers an opportunity to open a trading account with fixed spreads. However, it has one downside, although it’s not the broker’s fault. The EU branches of the broker provide lower leverage - 1:30 for forex instruments. It’s because local strict regulation. If you have such a possibility, open a trading account exactly with HYCM LTD (St. Vincent) because it’s the only broker’s branch that offers to trade Forex majors with 1:500 leverage.

.

I've tried a lot of brokers during my trading career and I always faced some issues with them, which made me change my mind regarding the relation to the particular broker. I like to pick on little things, it's my personal trait. Of course, I don't think it can be considered as a positive feature of my personality, however I constantly try to find something that will satisfy me. Hence, I had to spend a lot of time to find a proper broker for my needs, and I've finally found it.

Fortunately, I was delighted by the services and conditions which hycm offers, mainly because it's really important for me to have several methods of depositing and withdrawing for example. After reading several hycm reviews in this regard, I was quite glad to join this broker, because of such features.

Moreover, I can note that this broker is regulated by several authorities and has several certifications, and this feature is pretty attractive for those traders, who tend to doubt the competency of particular brokers and their reliability. You can also choose the type of trading account here, and the most suitable one can be determined by passing a special form.

, Finland.

Cool broker with fast withdrawals. Withdrawals usually take about an hour if you use your credit card as a withdrawal method. Not all the brokers are as fast as this one, so it is really gripping to have your money within a working day.

What makes this broker even better is the fact that it is totally tolerant to those brokers who use nt platforms in their trading, so, the traders will hardly feel any difference after switching to this broker from their old ones.

, Croatia.

It's cool that raw spreads can be used in HYCM, because this is what allows you to open a large number of orders and not "overpay", which is especially important for a trader who prefers intraday trading. And other formats of work are also well organized here.

, Czech Republic.

If you are looking for an opportunity to make money online then you need to read hycm reviews.

It has long been no secret that trading in the financial market is a very profitable business. This makes it possible to be at home and in control of your time. This is a great opportunity that everyone now has. All you need to do is find a good broker. HYCM broker is a great choice and here's why:

- extensive work experience;

- regulation and license;

- a large selection of trading assets;

- MT4 and MT5

In addition, it is important to know about the fact that it takes 24 hours to withdraw funds. Sometimes it takes more time and sometimes less. The main thing is that they withdraw all the money and there are no problems, because there are fraudulent brokers and this is sad. I am confident in HYCM because it is a real No Dilling Desk broker and there is market execution. Experienced traders understand what I'm talking about.

Of course, if you are a beginner, you must first open a HYCM demo account and explore the trading platform. I recommend choosing MT5 because this software has more features. All it takes is a lot of training and learning.

Visit HYCM website

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.