20 reviews of HYCM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I have been looking for a good site where i could share my experience. HY Markets is a attractive name for any one new in forex. they just offer mini account with only USD 50. I worked with for about 6 months. i opened a mini account then i gradually upgraded it to standard and then premium account.
They offer 10% credit bonus on deposits greater then USD 5000. that is another attractive offer.
Regarding their services, it sucks. they will try every thing they can to stop you from taking any kind of profit. they will never let you close your position in busy time. you can not purchase any thing in busy times. system always stop working. again and again send you re-quotes, off quotes etc. if by luck you have set Profit take or limit on your positions then it never gonna work for you wither.
In short really greedy and poor management with a hungry vampires sitting in dealing desk.
i warn again they will offer you every facility in forex world so you bring them some money in your account and then you'll never be able to work in any way with them. and once your money will be eaten by them they won't even reply your email.
Never work with HY Markets.
Platform sucks. if you for an day-to-day or market volatility trader, forget it.
it updates digits each few se conds (not good enought for second option, yet acceptable).
but when you need to open/close order, due to web-interface you can do it only within 20 seconds as fastest, sometimes more.
it isnt good enought for a company like this.
i believe they should change to less-overloaded contents (less graphics, minimal data transfers).for now, anytime you try to buy it has to re-load page. with all banners and so on. why they couldnt make popup window or page with no additional info except necessary trade tools?.. less pictures?.. and so on...
other than that- looks nice.
personally, i think spread is messed up, but if you only want to invest 50usd is a good choice.apart from the platform.
and as i understand trading bots is not alloved (in demo).
i heard some brokers disable these (expert advisors) so they can cheat on you.
but thats just rumours.
if you want to test your skill and dont mind to waste 50 bucks, go on.worth the experience.
helpline is good and they respond fairly fast (20mins for allmost every my email ever sent, usually less).
NOTE i used MINI account, 50USD. for bigger deposits they should have different spreads and maybie meta4 available.
p.s. i will ask about advisors and meta- why is not allowed for mini`s ;)
Very , good execution and customer service. I have no problem with their software it works well for me.
I traded with them at first - the web based platform hangs every toher day and in market events i could not open or close any deal.
The service was ok - but the platform was not really good and i lost money becuase of this.
Very good site. Decent spreads and leverage. Excellent customer service. I was particularly happy with the variety of products they offered. Definitely a good site for people looking to go into a few different markets.
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