50 customer reviews of hycm.com
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HYCM Rating
Based on 50 reviews from HYCM customers, company has accumulated an average rating of 4 stars, indicating that majority of customers are satisfied with its service.
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Also, it was important for me to have the broker's MT4 platform since I only work with it. So, I have been working with a broker for over a year. Reliable and honest. I can confidently recommend it to my friends.
Before, I was always looking for passive methods of earning on the market. And suddenly I found out that there is no such thing. No reliable method at least.
So I decided to try trading with fixed spreads on my own, and it turned out to be a very exciting process. Guess the quality of executions matter too.
I am not sure about my life in many ways. But I am sure that I will definitely trade with the HYCM broker!))
So, for instance, if a trader trades at night or in times of low liquidity, then an account with fixed spreads is suitable. If he trades large volumes, then an account with minimal floating spreads and commission will be suitable. And if it's something in between, then the account with floating spreads without commissions is suitable. So you just need to choose what you like.
In addition, HYCM offers special conditions for VIP clients and corporate clients for trading in large volumes. Provides a personal manager, provides in-depth market analysis, more profitable spreads for fixed accounts.
The company provides a wide range of trading instruments for work: currency pairs, indices, commodities, stocks, crypto.
I got interested in trading absolutely by accident, just because I heard about this business from my friends, and I was sure for a while that it was a specific entertainment for me. I wouldn't be doing it for a very long time. Today, I thought that I have been trading for four years, which is already a solid experience. Although the first year I did it rarely, I already did it as my main income source. And I even gave up my main job because it stopped making me happy.
Here I work with mt5 with raw spreads, and I like the fact that I can do detailed technical analysis and asset analysis on a dozen different timeframes. This gives me a particular advantage in the market.
And all this has a great impact on the quality of its services. It is very comfortable to trade with a broker, and it becomes noticeable almost immediately after opening an account with it. Trading conditions at the broker are also quite favorable, but I started working with it not because of them.
For a long time I would like to trade with a reliable brokerage that I could trust, and it is exactly the kind of one.
Once I came across this broker, I was still cautious and critical. Many hycm reviews kept repeating how many years it operates on the market. However, I can admit that there might be a long existing scam. Why not? Fortunately, my fears didn't get grounds.
I couldn't stand hesitation any more and decided to test it. I opened an account with fixed spreads and started trading. The absence of freezes and decent execution relieved my stress. So, I traded for two months. For that period, I tried nearly all available assets. Everything worked well.
Then, I tried withdrawing earnings to my Skrill account. Each time I requested funds to my e-wallet, I received them in an hour. As for bank transfer, I didn't try it because I know that it may take up to a week. I hate waiting. Moreover, is expensive.
There is nothing superfluous in the app. Only the data on accounts, withdrawals and deposits.
The design is cool. So bright and at the same time quite discreet.
And I'm really glad that I didn't abandon this idea or just doubt it. And I tried it. Because it became a turning point in my work and this led to the fact that my performance in the market increased several times, and I from a trader who is not at all confident in my actions, turned into a real professional (well, or at least approached this) and now I am writing a hycm review myself, so that other traders know that there are high-quality brokerage companies on the market that will definitely meet your expectations and bring profit.
So now I trade from my smartphone and monitor the market all the time. It is very convenient to be notified by HYCM about important events.
By the way, some traders often write in hycm reviews that it is difficult to choose the type of account here. I just remembered while writing a review about this fact.
Yes, indeed, I also encountered some confusion at first. Because the account types at the broker are much different. It is not clear where to trade in the end. Which account is better to choose.
It is good that there is a test that helps to choose the best option. It is really simple and takes into account the main nuances of trading. Depending on what strategy you are following, the account type in HYCM will be chosen. I used the tip and did not miss it.
But if you have come to build a business, if you are not indifferent to modern tools and methods of analysis, if you want to constantly develop and become a truly successful trader - then it is better to stay here, because in this company you will get the necessary conditions and support.
I also liked in the beginning that the convenient form of 5 questions, by answering which you can understand which type of trading account is best suited.)) I was approached by Classic (there are low spreads)
I personally assess them according to several parameters. The first one is reliability. And HYCM is all right with that. It's a well-regulated broker.
The second one is the choice of assets. It's not bad at HYCM, but I've seen companies with several thousands of assets. And I like that better.
I don't know how you can trade and control risks with such a deposit. Yes, it is good that you can start with only $100. But then what to do with this sum? I'm a man who thinks ahead. And I don't understand how I can grow my deposit without significant risks with such an amount.