25 reviews of HYCM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
If you use pending orders at any point in your trade, then find another broker. Otherwise you are can go with them if you don’t need pending orders to execute because they don’t accept pending orders on live account (always off quotes). Also my reason for leaving them because I always have to be on the screen on live account. The allow you use pending orders on Demo account tho
Working with HYCM you should be already good at trading from my point of view. There is good conditions but for those who knows his trades. Even the materials are good for those who already knows some basics. By the way, the broker is really fair and makes all the payments in stated time.
to be honest i didnt have a wow effect after using hycm own platform. mt4 is stable and works good. i cant tell anything bad about hycm. i also use them to trade through cfd with crypto currency and in this case im very pleased with their work :)
well done platform, welcome bonuses and good pertnership programm (i earn with it even more than with trading itself). comparing with Oanda, hycm has better usability qualities. as for me app works better, and withdrawals are faster. for greens they have studing materials and so on, i like it and choose hycm.
To my mind, HYCM is a good company. They care about their clients: educational materials, fast customer support, easy transactions and good conditions for trading. Dont say it's a scam if you have problems due to your own knoweledge!!! I see there good possibilities. i started from 250$ and now i have an income for about 700$.
I have 2 years experience in live account and half a year in demo. So what can i say is that i didnt face any problem that couldnt be solved with HYCM. I trade currency pairs like USD\EUR and sometimes i like to play with metals. well, spreads are stable, there are no slippages, withdrawals are rather fast (idk maybe im just lucky) - what do you need else. they have very fast help line and they always try to help - sometimes they achieve it. my experience is very positive and i checked everything by myself. i strongly recommend and cannot agree with last opinions for sure.
Good enough. Have both positive and negative moments. I use demo now and study their materials! Now i understand and know more!! Education is the best part!
Too many off quotes, they do not allow your EA. They do not allow Sell Stop / Buy Stop, server too busy during the data time. They also tend to change your Profit orders to loss, they edit the closed orders. Be careful!
Not good broker ... 2 weeks and nearly 10 tries to order completed with Off Quote. For those who no idea about the message, this error appear when broker doesn''t give you quotes (or have no liquidity) or just don't want you to trade in the given moment of the error.
In my case they denied me to compensate me (because servers works well) and they have no idea why their servers gives such error ... SCAM broker.
Also communication is extremely slow, non informative. Live chat doesn''t respond half of the day. When it works, the responds are too slow.
If you think they compensate you when there is a trouble? Forget this idea.
I'm on the way to ask FCA and Financial ombudsman what a hell is going on with this broker and why it is now properly regulated.
My trader expert opinion: DON"T USE HY MARKETS!
I stopped trading with HY last year. I opened an account, traded for some time and then withdrew the surplus. It took me a week to trade, then a week to withdraw my money.
Please somebody explain me what kind of broker does nopt allow to saet orders? That's the first time I actually faced such a problem, They just don't let me trade the way I want to. I have my own strategies, but I cant to use them - that's because they don't let one set BUY STOP and SELL STOP. HOWISIT?!!!
Well, and it takes much time to withdraw funds. Fortunately, I had no withdrawal problems.
So, what can I say - that's not the best choice as for newbies, actually for experienced traders either.
P.S. I don't remember my account number so dear administrators, I'm sorry.
i didnt ever have any problems with withdrawal either, think that guy is a troll or just making provocations, it happens on forums
withdrew money and get it after 7 working days .
Very good broker
your money can stole in hy markets;
look at my mail
have profit in my account.
ıf you dont gıve my profıt ı wıll complaınt you to FSA
also ı wıll wrıte all of thıngs forex factory, fxstreet and the others forex forums..
you cant stole my money!!!!
Have an account with HY Markets over a year now: don't have any problems fast execution, tight spreads, withdrawal takes 5-6 days which is fair enough for me. From all the brokers i tried to work with HY Markets is the best one.
I've got use to the platform now. It does lag a little more than forex.com (the only other platform i've ued). I also opened up a easy-forex.com account. I'm not that experienced but the HY MARKETS platform is the best. forex.com was sometimes time consuming when doing relatively simple things(setting stops and takes), and getting from graph to graph. I like the simplicity of the platform and i'm sure the lagg issues will get resolved over time... I should mention that in New Zealand we are only just getting optical fibres so the lagging problem is probably nothing to do with the HY servers. So overall, HY MARKETS works for me!
GO THE ALL BLACKS!!
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