HYCM Review

I always put much value to the process of choosing a new broker. I realize that one can’t approach this with a light-minded head. It’s because if you are careless, you may lose your capital even without any market fluctuations. Malicious brokers are a sad reality, to our great regret.
So, when I first noticed the name HYCM online, I carefully researched this broker. I studied many user reviews as well as analytical materials. They gave me mostly a positive impression. So, with this optimistic mood, I opened a Fixed account, deposited $200 and started trading. The trading process was really good. For a month I didn’t notice anything unpleasant in the trading process. I also made several withdrawals and received the requested money.

Actually, I see some disadvantages in this brokerage, so I would tell about them. First of all, there's no copy-trading, you can't just copy other traders, but you can use MT5 EAs to copy signals. I don't use it, as that's too difficult, imo.
Secondly, brokerage doesn't offer a lot of analytics, for me that's a slight problem.
In all other regards it's one of the best places to trade, I like that spreads are low, this overshadows its disadvantages.

I would start from the main point - this brokerage is regulated by highly authorities (CySEC and FCA) and offers good trading conditions, so I can recommend this brokerage. I started with fixed account, but it turned to be not so profitable, as the ECN acc with variable spreads, so I switched onto it.
Also, I'm trading with MT5, as the range of markets for that platform is wider and I'm deversifiying my portfolio now, coronacrisis is the right time to go this way. Sad, that there's no crypto traded as an actual, but you can trade them as CFDs, for you, as investor, that doesn't change a lot.
To conclude, my opinion about this brokerage is highly positive, I never faced any issues =)

This brokerage is among top brokers, at least I rate it very high (and some rankings as well).
As I know, the company exists since 1970s, I can't name any other brokerage with such a long lifetime and, of course, that's not a competitive advantage, but sth like quality sign, that make you trust this brokerage.
If we speak about smth more reality related, than I like there is wide range of assets, including cryptocurrencies. Max. leverage for them is only 1:20, that's not very high, but in other regards that's exactly what I'm looking for.
Before writing my review I've read a lot of them on FPA and frankly I don't know why people praise regulations so high. C'mon, the UK regulation isn't sth banging, especially if we're speaking about brokerage that's positioning itself like one of the best in industry. So don't be like that, FCA regulation is nice, but I don't think that it matters so much.
As for me, brokerage is exactly how I thought it should be - stable, with professional approach towards each trader and wide list of assets. Can I recommend it to other traders? I hope yes, at least I have no reasons not to do that.

Yes, it is really important.
Because it's already difficult to work here because of the specifics of the market.
And here I can analyze, trade and freely withdraw money - of course I'm glad to be here.

I’m a very cautious trader and try to stay away from relatively new brokerage services. If a brokerage service operates on the market since 2010, I don’t find it trustworthy enough. Perhaps, you may find it a sort of phobia, but I prefer being overcautious to being light-minded.
To my mind, the most reliable brokers were founded in the 1990s. HYCM was started even much earlier. I guess if it somehow managed to survive in the highly competitive industry for more than thirty years, it really deserves trust.

Hello! My name is Nikolay Kuryshev and I had accounts at HYCM under the numbers: 620001551, 620001552, 620001553, 220003197, 620001554, 620001555, 620001556, 220003211, 620001563, 620001564.
On October 28, 2020, I opened several deals with the shares of the "Pinterest" company in the aforementioned HYCM company. On October 29, 2020, I closed my positions at a profit of approximately $ 43,000. Then I made two withdrawal requests for 9,200 euros and 1,265,000 rubles. On October 30, 2020, at approximately 11:00 Moscow time, my withdrawal requests were canceled and my profits were canceled. Then this company sent a letter in which it accused me of violating some rules and said that they were breaking contractual relations with me. also in this letter it was reported that my profits are canceled and only the amount that I deposited into the account of this company earlier will be returned to me. In turn, I want to declare that I did not violate any rules and the HYCM company canceled my profit unlawfully. I have screenshots and videos to prove that I am honest. In particular, the video captured the moment of making a profit and closing positions. In turn, HYCM did not provide me with any evidence of my violation of the rules. Based on the foregoing, I ask for your assistance in resolving this dispute and assistance in paying me the entire amount of profit received from HYCM.

Nov 10, 2020 - 1 Star Hello! On October 28, 2020, I opened several deals with the shares of the "Pinterest" company in the aforementioned HYCM company. On October 29, 2020, I closed my positions with a profit of approximately $ 43,000. Then I made two withdrawal requests for 9,200 euros and 1,265,000 rubles. On October 30, 2020, at about 11:00 Moscow time, my withdrawal requests were canceled, and my profits were canceled. Then this company sent a letter in which it accused me of violating some rules and said that they were breaking contractual relations with me. also in this letter it was reported that my profit will be canceled and only the amount that I had deposited into the account of this company earlier will be returned to me. In turn, I want to declare that I did not violate any rules and the HYCM company canceled my profit unlawfully. I have screenshots and videos to prove that I am honest. in particular, the video captured the moment of making a profit and closing positions. Based on the foregoing, I ask for your assistance in resolving this dispute and assistance in paying me the entire amount of profit received from HYCM.

More. Community discussion of this issue >>

When I chose this company, I did not pay attention to many things at all. I looked through the trading platforms and regulation, made sure that it really exists already a lot of cases. And I stopped there.
And then, as I was working, I noticed that there are some interesting things that can be used in the work. And of course I immediately noticed the calculators, because I had never encountered anything like them before, and of course I immediately wanted to try how it would help me with my calculations. I wish I could say my profits grew immediately, yet they do save time, which is also a valuable thing.
So, I'm glad that I made exactly such a step.
I can really recommend the broker to my colleagues.

Once I found out that HYCM is a veteran of the brokerage industry, I immediately decided to try this broker because I put much value on tried and tested brokerage services that operate on the market for a long time.
I opened a Classical account with variable spreads. As of now, I have nothing to complain about. Perhaps, I will try a Raw account soon because I’m intrigued by the lowest spreads.

I'm a fan of trading with the phone. Every outstanding free minute, I look at the terminal or mobile app from HYCM. It continually seems that I can miss something. Not sure this is how its supposed to be, but anyway.. LOL
So for me, the app must be convenient and well loaded. And HYCM offers a great mobile app. It has everything you need, but it looks simple. It is quite easy to understand.
Trading conditions are at a high level here. The broker is multi-regulated. So for me, it is enough to trade without distraction.