35 reviews of HYCM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I had a lot of free time in my previous workplace and I understood that I was degrading, just wasting my time for nothing. So, I started to learn new concepts and terms on my own, just to make my worldview wider. I remember that the first financial term that I've learned was “to hedge” and that was the word which started my trading story.. I became just obsesses with financial markets!
But when I started looking for a reliable broker, my joy went away. Many companies didn't have proper regulation, that's a widespread problem. And those that did, offered not very favorable trading conditions.
My search continued until I found out about HYCM. This company was a good fit for me. Here I found quite a lot of usefull things, especially HYCM education, it was another brick in my brokerage carreer. After a year of trading with this brokerage, I can say with certainty that this isn't a shell company, so you can try it and earn money with it =)
Before working with a brokerage, I read quite a few different HYCM reviews. In general, a broker's reputation in the market is quite positive, and the reviews are also.
So I decided to open an account with a broker. At first, I got a little confused about different account types, because HYCM has three of those. And each type of account has quite different trading conditions, which made my choice more difficult. But from the broker's reviews, I learned that it had a test that has to help me. This is a small test, which for each trader selects the most suitable account type. However, the comments also said that the result is not always 100% accurate. That's why I've been thinking a little bit on my own, not only trust test results.
As a result, I opened a Classic account, because it has floating spreads.
Now it's been more than half a year since I started my trading with HYCM. So far I am fine, no problems have arisen. And if there were any difficulties and so on, I was very much helped by the brokerage customer support)
This broker is one of those who can really attract traders with their brands only. And as I see it, the company continues to develop its brand and invest in attracting new traders. If you only think whether to trade with HYCM, that's what I think:
1. Yes, it is because this broker offers fully regulated trading and you can start with a small ($100) deposit. This means that you can try trading and then make a decision what you think about trading here.
2) There is really good training here, so you can understand trading very quickly.
A few words about my trading experience here:
It's pretty good, big set of assets, normal spreads, no unpleasant surprises, in general everything is just okay.
Every person who starts working in the market faces certain difficulties, because something unusual happens here often and you always need to prepare 3-4 different solutions, but on the other hand it helps you to get better orientation and you become a real professional.
The same concerns the search for optimal conditions. You try and choose. For example, there are three types of spreads, the most popular are fixed, but it may happen that you are more suitable raw with a commission of 4 dollars. The choice is yours.
There are both advantages and disadvantages as well. The main advantage is legal side, brokerage is regulated and stand in one line with other top-notch brokers. Additional good point is that brokerage accepts small traders. However, there are some disadvantages as well. The US clients aren't acceptable, there is restricted leverage for EU clients and only MT4 to trade with. However, if you're ready to close your eyes on this problems, than brokerage will fit you I think. Here is everything that is needed for just trading and you can be sure that your money are safe.
Everyone, when he starts trading, has certain expectations. And the most important of them are the following: -a person believes that he or she will have complete independence and the ability to act the way he likes. -because he believes he'll have a great return on investment in the shortest time possible. Actually, the reality is more severe, because before you get everything that I have listed above, you will have to work hard, deal with the difficulties of market analysis and go through a lot of force majeure. This company provides certain conditions so that you can take action. Start with a demo, it is here without limits and allows you to understand the market. There are also three types of spreads available (fixed, variable, raw) and each of them has its own peculiarities. It makes sense to try them.
It is convenient to trade here, it uses a classic terminal, spreads are low, there are managers who can answer any questions, and there are also calculators for correct calculations...
Before choosing the company to trade with I made a careful research and read tons of HYCM reviews. Some were positive, some were neutral, and there were a few negative HYCM reviews. I've noticed that the negative ones were rather bitter. It looked like the customers were not making money with Forex and blamed the broker for their failures. :-/
I didn't manage to find any other reliable broker with similarly favorable ttrading conditions and better reviews, so that's why I'm here.
Broker offers everything for you to be successful:
- two trading platforms MT4 and MT5.
- favorable trading conditions. I don't advise to stick to fixed spreads, they are rather unfavorable, but the rest of account are really good in terms of spreads
- it's a reliable broker, regulated by CySEC and FCA. So you don't have to worry about the the safety of funds. REgulaters will take care of it.
- executions are quick enough to avoid slippages and troubles like those.
I see some advantages, like regulations (really important) and reputation. company is well-known. I'm trading there with Raw account, so my spreads are lower, but I pay $4 for each order. It was good before I decided to try intraday strategy with a lot of orders. Raw account is bad here actually, so I decided to change to ECN account, to pay only spread. I can say that manager was really not nice with my transfer, I even can say he was rude. I'm still trading there, but now I can't say that I'm 100% satisfied.
Didn't have much doubts about the broker when registered here. After working for over a year with these guys I don't have any doubts at all. Non-DD broker, good to go!
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$.
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