HYCM

Forex Broker
442
Rating
84
Reviews
$100
Min. deposit
Trading Platforms
Regulation CySEC, FCA
Payment systems 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+7
An experienced broker with quick execution and tight spreads+5
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.+5
I like the regulatory completeness and big history, and their pro attitude towards business.+4
Rich history of the broker and tons of shares.+2
Obviously this is a solid company. And this company cares about customers.+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
HMjRcb+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
There is a nice opportunity to automate trading with the help of advisors, plus the accounts the broker offers are pretty good. +1
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Disadvantages
Very big difference of leverage between EU and outside EU+3
Basically, the absence of a proprietary trading platform.+3
inconvenient website; quite a huge min. threshold for depositing and withdrawing via bank transfer+2
Safe and reliable are words that I link with HYCM.+2
qbSfOd+1
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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
It mostly has no downsides, but some regulators significantly decrease its leverage. +1
I think they can do a little update of the company website interface. +1
wish to have some copytrading opportunities; no EAs on fixed acc+1
The number one thing for me with this broker is security and safety of funds.+1
Limited cryptocurrency offerings and a relatively high minimum deposit is required.+1
There is a little account types number. Plus, it's preferable to add some platforms too.+1
If you have experienced substantial financial loss as a result of fraudulent investments, it is crucial to take prompt action. Prioritize conducting comprehensive research, validating the credential of any recovery service you may be considering, and obtaining recommendations from reliable sources before proceeding with their assistance. I have come across positive feedback about BsbForensic. com , which may be worth exploring.+1
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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:

  1. Fixed. A Commission-free account with fixed spreads starting from 1.8 pips.
  2. Classic. A Commission-free account with floating spreads starting from 1.2 pips.
  3. 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.

  • 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 Platforms
  • Payment systems for input Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
  • Payment systems for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Webmoney, Neleller
  • Number of trading instruments 69
  • Number of CFD instruments 270
  • Number of metals 8
Show: All Neutral Positive Negative ones
Neutral feedback from Boakye Danquah
I am from Ghana,a teacher; I invested my money in your organisation and made some profits. But you have frozen my accounts and taken my investment for no reason. Why?
Positive feedback from Fardeen Solanki
This is the broker that can be trusted. I think it has prove its reliability over many years of hard work.
On top of that I can use trading bots with VPS hosting. The broker don’t limit me in any way of trading whatsoever.
Positive feedback from Ly Bao Tin
I recently stumbled upon an incredible offer from HYCM. To be honest, I am unsure if it is a new feature or if I am only just discovering it, but I have learned that HYCM now allows users to purchase shares in companies and receive dividends in return. HYCM exclusively offers this unique opportunity and is exceptionally appealing. When you invest in company shares, you become a shareholder and are entitled to a portion of the company's profits in the form of dividend payments. It is an excellent way to invest your money and potentially earn a return on your investment.
Positive feedback from Boroje Milesic
A lot of brokers are not offering credit and debit card withdrawals but not hycm and that is why I consider them very suitable for me.
Positive feedback from g murabito
HYCM has genuinely impressed me with its wide offerings and exceptional service. From the moment I joined it was clear that HYCM is dedicated to providing a top trading experience. Their platform is powerful, user-friendly, and packed with features that take traders to all another levels. The range of tradable instruments is extensive, allowing me to diversify my portfolio and explore various markets. The customer support team has been outstanding, promptly addressing my inquiries and providing knowledgeable guidance whenever needed. They offer a lot of resources, including webinars, tutorials, and market analysis, which have proven priceless in improving my trading skills and staying updated with market trends. This dedication to education demonstrates HYCM's genuine interest in the success of their traders. In terms of security and regulation, HYCM sticks to strict industry standards, providing me with peace of mind and confidence in the safety of my funds. Their transparent and reliable payment system ensures seamless deposits and withdrawals.
Neutral feedback from Hendricus P
Have you hear of the possibility to buy fractional shares?! It means you ain't need to have money to buy a full stock of the company you wish to. You can invest here just from $10 and that's appealing as hell, considering that you will receive dividends as well.
Why apply for services to investing companies, when there's such a broker that allows you to be a day trader and investors simultabeosly.
Positive feedback from Hoang
Those funds recovery scammers are getting out of hand here! they spoil the impression of my favorite broker.
Positive feedback from William Eriksson
Just like they say in their promo video, every trader has a story, they understand that, what I truly like about them is that they also have a story as a broker. It's not like they were born yesterday and slowly implementing features and improving them, they were here all along and they are aware of how the industry works, what the traders want, how they would like to be treated, what features or actions they would like to see in a great trading platform.

And they are just giving people that. Clean and simple. Very good and professional company overall imho.
Positive feedback from Braylen Peck
This has to be one of the most touching videos I have seen. It is true that every trader has a story. Anyway... I think it is amazing, the evolution of the broker HYCM.
Neutral feedback from dung
Despite the fact that here are listed some disadvantages of the broker, I guess that the advantages which are written here are of greater importance.
In general, the broker can be a reliable service for traders. This is confirmed by the licenses listed in the article.
Positive feedback from lucien Grout
After carefully reading the Disadvantages section, I began to wonder if those individuals who wrote it have ever traded for real?
Positive feedback from doan.cat
As for the HYCM regulations, I have no doubt that they are solid.
Positive feedback from Noel Fazekas
Hycm trading accounts cover the needs of all the traders out there. There is a possibility to use trading bots on two out of three accounts.
and also you don’t have to break your piggy bank to be able to trade here. The minimum deposit requirement is only $100.
Which makes this renowned broker even closer to newbies and traders that have limited fundings.
Positive feedback from Pranop T.
It's impressive how HYCM provides access to its professional trading platform with a minimum deposit of as low as $100. This accessibility makes it an attractive choice for traders of all levels.
Neutral feedback from Daniel T
The thing is that not many people make mention of the HYCM blog and their webinars as well. I like to follow the webinars because they have helped me to improve.
Positive feedback from Dorn Aduladej
This article confirms my opinion about HYCM as a reliable and quality broker.
Positive feedback from Justin K.
Hycm trading accounts include everything a traders need. There is a fixed account for positional traders that are not very sensitive to the spreads levels.
There is a Raw account specifically for scalpers and their high frequency trading styles.
And last but not least there is a possibility to deploy trading robots on a renowned MT platforms. Which are the best for algo trading.
Anyways it’s a solid A+ broker for various purposes.
Positive feedback from Julian Simon
Good leverage levels for Hycm trading instruments. It’s not very big for me to worry about the safety of my funds. At the same time it gives me room for shoulders to tweak my trading strategy in different ways.
Of course on such assets like equities or cryptos, leverage is far more limited for a reason we all know.
Positive feedback from Oliver Hill
Can't take the advantages here for granted. The big part of HYCM's success may be coming from its long history and track record, but platform is quite modern and flies like a sportscar.
Neutral feedback from Fabio Sartori
I really like the Hycm approach to leverage. It’s not too big to immediately lose your deposit; at the same time it allows me to trade comfortably any assets I want.
Positive feedback from Kraken
The most crucial thing here is that leverage size depends on the local jurisdiction. In Europe and Britain, you can hardly trade currencies with higher leverage, but even in this case you can profitably trade metals.
Neutral feedback from Leo Parker
Comapny has a nice leverage. It is not the biggest one, but I think that is due to decreasing clients risks. Newbies are crazy about big leverage sizes. I like when company care about its clients, that means much nowadays.
Positive feedback from thomaser
Hycm is a stable broker in all possible senses. All the features of the broker work consistently for a couple of decades already.
Positive feedback from Amaury Jacquet
HYCM is a stable place in our time of constant volatility. Their trading conditions are the same as when I started trading with them a couple of years ago.
Neutral feedback from Gary Morris
It's a pretty comprehensive review of HYCM main features.
This broker possesses a lot to offer to traders. For instance, a rather huge leverage contributes to swift deposits boosts. Nevertheless, it's only applicable alongside with a wise risk management strategy.
Indeed, it's better to add some more trading platforms, but it's not critical at all. Both existing ones work perfectly.
Positive feedback from Mats Rothberg
Of course, there’s a big difference in leverage size between the European Union and outside it, but it’s not the broker’s fault. It’s the matter of local regulation. If you are unlucky to live in the area with strict regulation, you are free to choose other broker. HYCM is a veteran broker with excellent reputation. You can trade assets where big leverage is not so crucial such as metals or cryptos or earn via its affiliate platform.
Then, you say “a huge min. threshold”. A hundred bucks can hardly be a big threshold. Today many brokers offer such a minimum depo.
Positive feedback from Zsombor T
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.
Positive feedback from Igor Beck
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.
Neutral feedback from Fellner
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.
Positive feedback from Szalai B.
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.
442
Rating
84
Reviews