HYCM

Forex broker

426.8

Rating

Reviews

$100

Min. Deposit

Open account Official site

Information
Settings
Types of accounts
Reviews (65)

Trading platform

Regulation CySEC, FCA

Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller

Seminars and training

Daily analyst

Low initial deposit

Islamic accounts

Bonus for replenishment

Segregated accounts

Affiliate program

Wide selection of trading instruments

Advantages

I see the following advantages with this broker: - A rich experience of working in the industry - Regulation - A good choice of spreads – floating of different tightness and fixed ones - An attractive affiliate program+3

An experienced broker with quick execution and tight spreads+2

I like having them as my supporting partner who allows me to trade on the go. I spend a lot of time on the road and I do not have much time for problems and technical issues. There is none of them. I could get everything done here swiftly and distantly, getting registered, funding my account and getting in on the action was not a daunting task and a long adventure for me here. Which is why I will continue here. They allow me to trade so much stuff, and provide me with enough leverage.+2

raw, classic and fixed. these ones are created for the needs of all traders. want to scalp a bit? then choose classic or raw accounts. if you are fond of positional trading then fixed spreads also might be suitable. +1

Contact RecoveryBureau at consultant . C0m to recover your lost or stolen crypto assets +1

fascinating account type system; quick speed of withdrawing; appealing webinars+1

Account types and their conditions are below market average for sure. Customer support deserves appraisal too. Very polite and responsive.+1

HYCM has been here for years and that means a lot. Just look how much effort broker puts into business. Company has an educational sector where traders with different backgrounds can learn and find something new. There are also a webinars where you can get up to date information about market situations nowaday. Moreover, company provides a live events. Wish i could participate one of those one day.+1

It offers Metatraders only. Some branches of the broker offer small leverage.+1

HYCM has some history. Trading platform. support service and amount of tradable assets are great.+1

I got my funds recovered with the help of kff dilbert you can WhatsApp him on +84 94 767 1524+1

Add advantage

Disadvantages

Very big difference of leverage between EU and outside EU+1

inconvenient website; quite a huge min. threshold for depositing and withdrawing via bank transfer+1

I fell victim investing with an unregulated platform, But my happiness is that I got my funds recovered with the help of Mr Gavin ray I guess he is well known he was able to recover my funds. You too can reach out to him Via email [email protected] or WhatsApp‪ +1 (352) 322‑2096‬ He’s well recommended+1

Do not trade with them. They will all go to hell I lost a lot of funds to this fake lexatrade after their fake promises. I suddenly could no longer find them on Skype or getting their mail. But am only happy today because Mr Jeff Silbert who I have heard have helped a lot. With his guidance I was able to get my funds back. God bless you Jeff. WhatsApp him on +84 94 767 1524. Or Email Jeffsilbert 39 @ gmail. Com+1

many traders ignore metatrader 5 in case the fourth version is also available, but I trade here on MT5 and consider it the best option... 4 asset classes and over hundred of trading instruments. adorably! +1

Basically, the absence of a proprietary trading platform.+1

This company is very old, it does not sound very modern, and they do not offer crypto futures+1

It mostly has no downsides, but some regulators significantly decrease its leverage. +1

Add lack

HYCM (formerly HYMarkets) is considered one of the leaders among Forex brokers and currently has more than 40 years of experience in the market. HYCM broker is a member of the Henyep Group, an international financial holding company founded in 1977 and headquartered in London (UK), which deals in financial services, education and real estate.

The main advantage of the HYCM broker is strict regulation, which is applied depending on the location of the company's offices in London, Limassol (Cyprus), Hong Kong and Dubai (UAE). In addition, HYCM offers an expanded range of trading tools, accompanying its clients with technical support.

HYCM regulation

The broker is part of a global financial company with a good reputation. The company's head office is Henyep Capital Markets , which is headquartered in London and is regulated by the FCA, which guarantees its clients the security of their financial investments. Other HYCM branches are licensed in Dubai (DFSA), Cyprus (CySEC), the Cayman Islands (CIMA) and Saint Vincent and the Grenadines.

Strict regulation means that customers are protected, and deposits are always separated, stored separately from the company's funds, and not available for HYCM's personal or commercial use. In addition, the company's clients are participants in the FSCS compensation program in the event of the company's bankruptcy.

Leverage

The HYCM leverage depends on the jurisdiction where the trading account was opened. This means that each jurisdiction is subject to certain rules and laws, so depending on your residence, different leverage levels and trading conditions also apply:

1:500 for accounts opened in Dubai, Cayman Islands, Saint Vincent and the Grenadines (for international traders);
1:30 for traders from the UK and Europe.

HYCM trading accounts

HYCM has three main types of accounts to meet the needs of any trader:

Fixed. A Commission-free account with fixed spreads starting from 1.8 pips.
Classic. A Commission-free account with floating spreads starting from 1.2 pips.
Raw. An account with a Commission of$ 4 per lot and a spread of 0.2 pips.

HYCM

In addition, thanks to the international offer, there are Islamic trading accounts available for traders who want to trade in the markets based on Islamic principles.

Trading platform

As a leading financial services provider, HYCM offers its traders advanced trading platforms. HYCM broker prefers the popular MetaTrader 4 platform, but you can always choose the new version of MetaTrader 5.

HYCM also offers a mobile app for traders who prefer to trade anytime, anywhere. HYCM Mobile is available for Apple and Android mobile devices.

Trading instrument

HYCM specializes in providing trading services and offers a wide range of more than 300 different financial instruments for trading Forex currency pairs, metals, energy resources such as oil and gas, commodities, indices, stocks, ETFs and cryptocurrencies.

Minimum deposit

As for the minimum Deposit amount, its size depends on the selected account type. However, it is possible to open an account with a $ 100 Deposit.

Conclusions

HYCM brokerage company has a good reputationIU operates in the financial market and offers professional services to traders in accordance with the requirements of the strictest financial regulators.

We will be happy if you share your impressions about trading with this broker, and novice traders will find real HYCM reviews here.

The year of Foundation 1977
Head office address 18 King William Street, London, EC4N 7BP United Kingdom
Maximum leverage 1:500
Min. Deposit $100
Regulation CySEC, FCA
Trading platform
Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
Number of trading instruments 69
The number of CFD instruments 270
The number of metals 8

Show: All Neutral Positive Negative

I like the fact that they have good and tight spreads not only for the forex pairs but also on international stock indices as well. I really like having all of their indices products on the MT5 platform btw.

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I can’t agree that MT5 is better than Metatrtader 4. The vast majority of custom indicators are still created exactly for MT4. For me it’s a crucial factor. I like that HYCM still retains MT4.

I invested 80,750 US dollars with scam broker FXG trade and I have never gotten my money back, i was so desperately in need of help to recover all the money back to me, fortunately I came across a colleague that introduced me to a binary options trade funds recovery expert who goes by the name Mr Philip Austin when i met him i did not believe that he could get back my money because i have been scammed a lot already and didn’t know what to do, but my spirit told me to give it a try and i did, feel free to contact him via his email address.. philipaustin521 (@) gmail.com }. and he will help you to recover all your lost funds that was denied from you by your scam broker.

I can not understand people saying "do not trade with them". I mean compnay has been in industry for years and is already time-proven. Moreover, it is well regulated and a lot of clients admit it as an legit one.

I read here that some broker's customers write that the trading platform provided by HYCM is a disadvantage. And they also write that the broker does not provide cryptocurrencies for trading.
Are you out of your mind?
First of all, HYCM has a huge list of cryptocurrencies that you can trade.
And as for the trading platform, I can confidently say that MetaTrader is an absolute legend of trading. There is no more popular platform in the world.

What does it mean “the company doesn’t sound modern and it doesn’t have cryptos”. It offers cryptos and the fact that it was founded long ago doesn’t make it bad. It’s a very reliable broker.

Do not trade with them. They will all go to hell I lost a lot of funds to this fake lexatrade after their fake promises. I suddenly could no longer find them on Skype or getting their mail. But am only happy today because Mr Jeff Silbert who I have heard have helped a lot. With his guidance I was able to get my funds back. God bless you Jeff.
WhatsApp him on +84 94 767 1524.
Or Email Jeffsilbert 39 @ gmail. Com

I see tons of pro's for HYCM and a very few con's here. You definitely should register and get all these conditions, but just by looking at their ratio, you can understand that you're in good hands.

Trading have been skeptical and not trustworthy anymore because I loose my hard earned money to this platform but ‘’Trad ereport. org’’ or WhatsApp ‘’+49 15 2153 81893’’ came to my rescue and recover all my money with ease

Avoid this scam company. they scam my hard earn money until my colleague recommend me to ‘’Trad ereport. org’’ or via whatsapp +49 15215 381 893 who helped me recover my lost funds. I highly recommend to anyone who is scammed

I don’t agree that many traders like Metatrader 5. It ensures better execution due to its 64-bit architecture. Moreover, Metatrader 5 available with HYCM offers more timeframes.

We have traders' opinions. We have expert opinions. And we have objective data with which it is impossible to argue.
I'm talking about the solid list of licenses that this broker has.
Despite the different attitudes to HYCM, it is impossible to argue about the reliability of this company.

I can absolutely agree with the conclusion of the article on the Hycm disadvantages.
No flaws whatsoever!
I guess there is such thing as a “perfect broker”, but it’s a perfect broker for every person individually. For me it’s HYCM, for sure.
I found the most competitive spreads here, for a very reasonable minimum deposit of $200.
On top of that the broker has a positive attitude towards the scalpers and algo traders.
The implication of the expert advisors is smooth because of the platforms that HYCM provides: MT 4/5.
I told ya, my perfect broker!

Please everyone should be careful and stop being deceived by all these brokers and account managers, they scammed me over $350,000 of my investment capital, they kept on requesting for extra funds before a withdrawal request can be accepted and processed, in the end, I lost all my money. All efforts to reach out to their customer support desk had declined, I found it very hard to move on. God so kind I followed a broadcast that teaches on how scammed victims can recover their fund, I contacted FASTFUNDSRECOVERY AT PROTONMAIL , the email provided for consultation, I got feedback after some hours and I was asked to provide all legal details concerning my investment, I did exactly what they instructed me to do without delay, to my greatest surprise I was able to recover my money back including my profit which my capital generated. I said I will not hold this to myself but share it to the public so that all scammed victims can get their funds back. Contact; FASTFUNDSRECOVERY AT PROTONMAIL COM

I really liked they have some separate account types offered to traders to choose from. I personally liked reading about the features of Raw Spread account and I just might get one for myself.

As I know it can’t provide online brokerage services since 1977 cuz there wasn’t Internet at that time.

I want to write in more detail about the meaning of all these licenses listed in this and other similar HYCM reviews.
Usually, the reviewers just list these licenses without describing what they mean. But I believe that it is important to understand their purpose. After all, the safety of my money and the money of other HYCM customers depend on it.
Each of these licenses means that the broker operates under the rules set by the organizations that have issued these licenses.
In simple words, several financial organizations are making sure that a broker works honestly.
Moreover, this means that HYCM has sent requests for these licenses to confirm its honesty and reliability in such way.
Of course, some brokers are not licensed but provide services honestly. But in my opinion, the licenses that HYCM has to make this broker more solid in the eyes of traders. Which, of course, is true.

Quite a moderate trading leverage is certainly a good trait of this company as it helps traders to diversify risks correctly, wisely, and excludes almost all situations when traders drain deposits because of uncareful approach to leverage trading.

Hycm training options are quite unique I must say. There are not only standard educational materials on the basic forex matter.
On top of that you can submit to webinars or seminars with the broker’s experts to behold the process of decision making with your own eyes.
This type of training is also valuable because you can ask the question in the real time, unlike the ordinary video, for example.

I absolutely agree with the key advantages of the broker. It’s regulated and it’s essential for anybody who doesn’t want to be ripped off by scams. It’s regulated by CySEC. It excludes any fraud. I know this watchdog. CySEC has a good reputation in the industry. Therefore, whenever it appears you can rest assured that your broker is genuine.
The broker also offers good trading conditions. I personally chose a Raw account because it offers the best spreads.

I like the account types offered by the broker. But I enjoy using the Raw spread account.

The article says that the broker has no flaws. Well, I can nearly agree with it. To be exact, this brokerage company also has its own downside but it’s not its own fault. It’s all on the part of its regulators. Unfortunately, watchdogs often make trading conditions less attractive, although it’s questionable because what is good for one person may be bad for another.
I want to say that some branches of the broker have small leverage for currencies. That’s the only fault, but there are enough people who like and can afford trading with small leverage. For these folks the broker has no flaws at all.

Giving the ability to traders to be able to choose their own spread types is really empowering them to adjust their cost of trading according to the volume and size they move within the assets. It is a transparent and respectful policy in favor of traders on HYCM's part. Really nice.

Please everyone should be careful and stop being deceived by all these brokers and account managers, they scammed me over $350,000 of my investment capital, they kept on requesting for extra funds before a withdrawal request can be accepted and processed, in the end, I lost all my money. All efforts to reach out to their customer support desk had declined, I found it very hard to move on. God so kind I followed a broadcast that teaches on how scammed victims can recover their fund, I contacted the email provided for consultation, I got feedback after some hours and I was asked to provide all legal details concerning my investment, I did exactly what they instructed me to do without delay, to my greatest surprise I was able to recover my money back including my profit which my capital generated. I said I will not hold this to myself but share it to the public so that all scammed victims can get their funds back. Contact; FASTFUNDSRECOVERY AT PROTONMAIL COM

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A lot of what HYCM does is just the industry standard. They do everything quite simple and sufficient for me. You do not need much from your broker if you have get webinars, daily insights, good customer service, fast withdrawals and smooth platform which is basically just the metatrader. Consequently, HYCM offers more than what you need in this business.

$200 for Hycm Raw account is a bargain in my opinion. On top of that the possibility to automate your strategy gives a variety of opportunities.

In my opinion, this broker has such good reputation for a reason! It motivates me to trade just like video from this article.

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426.8

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HYCM

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Category

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