9.5/10
(60 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

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

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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.

, France.

I was really pleased when I noticed that this broker has only two main trading terminals. I personally believe that it's very important for traders because when you have lots of terminals you have to spend plenty of time on researching of these terminals, especially if you're a novice in trading activity. So, the big plus is that it has only MT4 and MT5 which can be considered a bit similar to each other, hence beginners won't be confused and save a lot of time.

, Australia.

I was looking for a broker with raw spreads. Hycm has some of the lowest. Plus a commission of $ 4 per trade. Raw spreads are much more profitable on medium timeframes (if you do not prefer fixed ones), because you only pay to the bank, and the broker always takes a fixed amount. That is, it makes no sense for the broker to play against you. Very pleased with hycm, thanks for the opportunity.

, India.

I needed to make money and be at home. So I wanted and it was my dream. I knew that dreams come true .. you just need to look for opportunities. I found this opportunity - it is Forex and CFD trading. I realized that this would make me financially independent, but I didn't like the fact that there are a lot of forex scams on the Internet. Therefore, it was necessary to find an honest broker. I decided to try the HYCM broker because it has been around for a very long time and there are a lot of good reviews. In addition, it is regulated by the FCA, in Europe - by the CySEC. This means that the broker can be trusted. This broker has NDD execution. This is also very important. This means that the broker does not benefit from my losses.

I opened a demo account HYCM and started trying the MetaTrader 5 trading platform. This is an excellent trading software and I advise many to use it. You will get a large number of technical analysis indicators, market depth and fast execution.

I really liked it and I opened a live account with HYCM Forex broker.

I think that I could not provide you with great HYCM reviews, I hope that you understand the main advantages of this broker.

, Sweden.

Good day to all! I have been trading with HYCM for over four years now and I have nothing bad to say about them. Quite a stable broker. With regard to payments, they come almost instantly. Personally, I try to withdraw money until about 10:00, then you can see the money on your e-wallet before 12:00, and from the e-wallet I transfer money to the card, which comes within five minutes!

As for the terms of trade, here they are some of the best.

For all beginners, I can only recommend this broker because only he has such low entry thresholds, which will allow even people with small deposits to follow the rules of money management.

, Vietnam.

I trade on a Raw account here. It’s very advantageous for me. I find it universal. It enables me to either scalp with tight spreads or open long-term trades. I need to pay a commission here but it’s a normal thing for me because tight spreads have their own price.

The execution is good here. I attribute it to a regulated status of the broker. What’s more, it’s very experienced - more than 40 years of working in the industry. Such brokers can naturally count on my trust.

, India.

Some folks tell that it’s so boring to trade with a reliable broker because everything is so damn predictable. Such people think that scams are not boring because even if you are victimized it was a true emotion and you will never forget this. Perhaps, such people like extreme things. I can understand such people who need to climb up skyscrapers and do other crazy things. If you have a lot of extra money, you can certainly use them to test various questionable brokers, but if you value your money, you will not dare to risk them in vain. HYCM is regulated and it doesn’t give bonuses. It just ensures trouble-free trading without any fraud, I mean. But everyday you need to do things that can hardly be exciting for emotionally-driven people. You need to analyze charts and it’s like solving equations on math lessons, but you need to do this because it’s the only way to earn here.

, Bulgaria.

Here you can trade with fixed spreads. This is very good for me because I am a beginner and it is hard for me to understand the market 100%. HYCM gives a good chance. There is a training and a demo account for training. I really hope that everything will be fine with me in HYCM Forex trading .

, India.

I've changed several brokers for the period from 2015 to the present time, but so far I keep most of the deposit at hycm. Over time, I simply transferred almost all the funds here, because the income is the largest here. I think it's all about customer support. Started training on their website, then it seemed to me that their training base was super powerful. Now I understand that everything was pretty simple, so I studied again through them two years later. Everything has changed here. One feels that this is a European level.

Questions are described in great detail, if someone does not understand. Of course, you can't make big money with the theory alone, so a lot of time was devoted to trading. Not educational, but already practical, on a real account. There was not much support here, in principle, it is unlikely that someone will still conduct your trade for free, as it is everywhere. Despite the fact that at one time I traded through several brokers in turn, I used MT4 everywhere, and what is most interesting - the execution of orders is the fastest in HYCM. At the same time, requotes are minimal, there are no delays at all.

, Estonia.

I think that there’s nothing better than conservative trading. When telling “conservative trading”, I mean exactly trading without indicators. Price levels are the only working tool here. They can give you a clear direction if you are an attentive person, of course. Indicators can only distract and deceive in my opinion.

But there should be one more crucial thing for profitable conservative trading. That’s a reliable broker. I stuck with it because it’s one of the oldest in the industry and is regulated.

I opened an account with Fixed spreads because sometimes I trade at night.

, Italy.

As strange as it may sound, a lecturer in economics at the university recommended this broker to me. I made my first steps in foreign exchange trading and this broker was recommended as having a very large set of trading instruments. If you do a hycm reviews you can easy note that they have everything - gold, oil, currency, metals…. But the plus is that all this is within one account with the possibility of diversifying funds between instruments.

Although the broker is not the most convenient in terms of spreads, everything is quite adequate. Large selection of trading instruments. The company does not make any hidden commissions: everything corresponds to what is written on the site. Withdrawals are pretty quick. I don’t know about other companies, but my application was approved after a couple of hours, and the money came to the bank account after three days.

For three years of work, there are no complaints, there are no slippages, the withdrawal is quick and convenient, they do not indulge in promotions and bonuses, but this is understandable. Respect, we continue to work. This was a quick hycm reviews.

, Germany.

I do not have much of the experience in Forex trading, so it was useful for me to answer a number of questions that HYCM asks to help traders in the selection of trading account types. The broker’s global footprint and the number of awards is impressive. The choice of trading platforms allows me to be flexible. I like the MT5 mobile to trade on the go. I tried to deal with some EAs in MT5, but I still need to understand the market mechanisms so I trade manually. The broker has a Live Chat support which is responsive and helpful. Although I’m still coping with currency pairs, I already started looking at other assets, it’s good to see such a large list of them.

Visit HYCM website

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