108 reviews of HYCM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Can’t say anything bad about this broker. On the one hand it has great regulatory status, on the other you get not too competitive spreads. On the one hand withdrawal options are fast and free, on the other the number of assets is much lower than other top brokers. Overall it’s a B+ broker for beginners to think about, with its reputation and minimum depo of $100.
with hycm I make my trades by metatrader trading platform and expert adviser to optimize some processes. till now I have no problem with any assets or instruments so all works fine.
I don't know if I have enough experience to make profit every month. I know that many traders lose money in long term. I making profit with hycm only for 3 months and for 4 month I was in red. overall I'm in about a zero profit. Made 1 withdrawal for 7 months. brokers is ok, but seems my trading strategy is not =/
If you long time in a forex game probably you know this company. If don't then go to their education platform hahaha! They have much of useful learning information.
Choose your account type and be ready to show your skills in trading. With all trading tools there is no excuses to lose.
Seriously, very nice broker!
Pip calculator was something that I noticed here when I first entered the website. I always try to begin the acquaintance with a new broker with their website. Those brokers who really care about traders and their conveniences will ALWAYS create good-looking websites with plenty of information concerning trading.
I tested this calculator and it works nice... Besides, an economic calendar is also presented here, which you can check financial insight not only for this particular day but also for the week and even month. It's much easier to keep track of forex-related news with such a calendar.
One of the advantages of HYCM is the high speed of orders execution. The delays is minimal, so it is possible to make transactions almost instantly. It is an essential factor for everyone who is engaged in short-term trading.
An important factor affecting trading profitability is the ability to use leverage. In HYCM, the maximum leverage is 1:500, making it possible for almost anyone to come to the market and start earning. To get the first profit is enough to have a deposit of $100, which many people can afford.
I have also withdrawn money many times; I have never had any problems with money or delays. I recommend this broker to everyone who wants a reliable broker.
Nice terms for FIXED accounts
Fixed Spreads from1.5 pips
Min. Dep 100USD
Min. Volume 0.01
broker seemed to me pretty cool. at least I checked all the conditions and only then made up a decision.
I would note the small leverage on forex. I like when high leverages :) Control risk and make profits!
There are actually many pros of trading with hycm. However, the most important and unqiue is their trading account types. I mean that it is pretty sensible to divide traders into several categories according to their trading styles and their perception of trading. Someone is scalper, someone trades long-term and so on. Naturally, all of them need differen trading conditions and hycm does provide them.
If you are still not sure which kinds of spreads you need, you can take the quiz and by answering the questions, the broker will advise you the right trading account for your personal trading needs.
What did I like about them? Definitely the forex calculators that you can use at any time and with any asset.
What I didn't like? The above-average fixed spreads. With so many clients they could have lowered the bar a bit.
No a key point, as my strategy allow me to trade anyway... still...
I've never thought that I would stay with a broker for so long. Moreover, I didn't even think that I would fall in love with a particular type of account. I'm talking bout fixed account. The conditions there are the most suitable for my needs... There are no commissions!
However, there is no trading with EAs and this fact might disappoint some traders who are fond of EAs trading.
Of course I, like many people, am impressed by the fact that there are fixed spreads, which are available even for a small capital.
They are low, they are fine for me. My comrade generally uses raw spreads, but he trades right every day and it's more economical for him.
It's nice that they've been around for so long and keep the traditional features. I feel at ease here. Been trading for over three years now.
THat is a nice broker especiall for those who are fond of metatrader trading platform.
I like the fact that hycm supports mt4 and mt5 because they are perhaps the most popular platforms nowadays. So that many traders will find it acceptable to switch to this broker right away. The trading conditions are alright for me. So, I don't have to get the biggest part of my profits to the broker in the form of fees and commissions. Withdrawals are really fast there. Surely, their speed depends on the payment method as well.
I like short-term trading and it's pretty significant for me when a broker offers good conditions for short-term traders. Swing trading is my passion, and I paid attention to this broker, because spreads here are quite tight. For example, if we take into consideration classic type of account, then spreads here start from 1.2 pips and there is an opportunity to trade with expert advisors.
Basically, I don't need something more for running successful trading activity and enjoying it.
It was interesting for me to try this co course, I still do not understand everything in Forex trading and there is a certain lack of confidence in my own abilities.
Perhaps I will not be able to trade normally and profitably even though I'm still trying hard...
I don't think its brokers fault. Support explained they can't really give trading advice.
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