HYCM.com Review Visit site

HYCM is multiregulated brokerage, that's the first point and it's the most important. For me - the only brokerage I can trust - is regulated one. Of course, HYCM isn't the only one regulated brokerage - but it's one of few that is regulated by many authorities. HYCM is part of Heynep corporation, as far as I know it opperates globally, in Europe, Asia and Middle East. Heynep has different subsidiaries that's regulated by FCA in the United Kingdom. CySEC is the European Union, CIMA in Americas and DFSA in Asia and Middle East (Dubai UAE regulator). The company opperates since 1977, before the Internet era even). The main office of company is located in London, with other offices located in Hong Kong and Dubai. I specifically focus on such formal features, because there is practically nothing to talk about trading conditions. The company is extra-level, so the trading conditions here are appropriate. The only thing I can focus on - fast withdrawals and no fees or comissions, that's really nice.

I didn’t realize until I gave all my details and gave a deposit. Have been getting nonstop calls to deposit. When I deposit they have been taking money and have not given me a refund once I realised it was a scam. I’m very angry n asking government for assistance.

After reading comments I see this is scam trading site. Why would an Indian company advertise different locations with 5 stars?! Argentina n other countries. These are fake reviews by Indian workforce. Something must be done!!!

You know, there are some companies, you haven't a lot to say about. Everything you can say it's just "brokerage is good". With HYCM is the same thing. I trade it for 3 years and can get positive feedback only - mininimum deposit starts at 100 dollars. brokerage is 100% regulated, no slippages, lags or occasions, withdrawals take 2-3 days, never more.

Trading on the financial market has long been organized and implemented in online mode. Traders do not need to use trading rooms or offices. Sales and purchases are made remotely through trading platforms from anywhere in the world. Therefore, the quality of the broker becomes more and more important, which has a great impact on the profitability of the trader. I trade with HYCM long enough to have a full opinion. Broker has good regulation, good spreads and excellent reputation. My experience confirms that all this is not for nothing and the broker is really good, so I can recommend it.

And that's not a manipulation or sth like this. Its strange and funny to read, how reviewers call brokers 'reliable', when in fact their brokerages are, maximum, of average reliability. I don't mean that HYCM is only one or exceptional brokerage. Of course not, there are some brokers that offer the same service or even better. However, such brokers have much stricter requirements, so only people with fatty pockets can collaborate with them. HYCM is cool because it combines reliability and affordability. HYCM is the part of Heynep group and is regulated in four jurisdictions: the EU, the UK, Dubai and HK. The main office. as far as I remember is located in London. For me HYCM is a great combination of, as I already said, true reliabilty (brokerage is part of huge financial group, located in the World Financial Capital) and affordability (min deposit is only $100)

Tried placing a position on MT5 and the order takes long to process and sometime it keep asking for re quote... Spread are bit too much for buying positions. This is just the demo I wonder how many problems I’ll have with real account.. it’s very important to have good server otherwise it’s useless to trade

I don’t know any other broker with this much care about details. Whenever I have a problem with settings or a question regarding the fees and withdrawals - support thoroughly examines the request, helps and makes sure I got the answer and have no further questions. In comparison to many other companies that use chatbots and have no live support at all - HYCM shows a great example.

Our days there is so much brokers and each one tries to highlight itself with some points, but I trust and respect only brokerages as HYCM. I came there when it was named HY Markets and it's really dinosaurus even compared to other long-operating brokerages, in good sense ofc. This broker is all about respect and everything is designed in the way, when you respect the brokerage and feel that it respects you as well. Of course, spreads aren't the lowest that you can find, but it compensates with stable multiple-regulations, more than 40 years history and a lot of awards. Maybe some traders don't like awards, but for me this is not just trinkets, but the sign of broker's reliability.

I’ve learnt about HYCM brokerage from fellow traders. They advised paying attention to raw account, which suggests paying commission per round, but almost no spread. This totally fits my view on favorable trading conditions. As long as the broker allows the use of EA, I’m totally happy now with the broker and can definitely recommend it for algotrading.

"Please note, that according to the customer agreement HYCM reserves the right to close client accounts without providing a reason."

Been reading this statement by HYCM themself over and over here on FPA..this is so unethical. How can such practice exist in real world? As if it was a strategy to avoid profitable traders from their company.

The fact that they accept them at the first places and than say "Please note, that according to the customer agreement HYCM reserves the right to close client accounts without providing a reason" later on is just too unethical practices.

Red flag alert statement