Forex Broker

RatingFX: independent rating of Forex brokers

HYCM review

On-line since: 2007
Country of origin: United Kingdom
Regulation: Authorized and regulated by FSA (United Kingdom)
Payment options: Bank wire, credit cards, PayPal, CashU
Minimum account size: $50
Minimum lot size: 0.02 lot
Leverage: 1:200
Spreads:1.8 pips on EUR/USD

About the company:

HYCM is based in London and is one of the subdivisions of Henyep Group - a large conglomerate, the activity of which covers offering financial services, charity work and education.

The Henyep Group is successfully in business for more than 30 years and provides its clients a direct and fast access to trading at financial markets across the world.

HYCM 8/10 (votes 4313)
Comments Interested in other brokers?
Author of HYCM: Osman R | Date 2018-04-16
I've benn trading with hycm when it was hy markets but then they dont work with turkey. now i study and live in germany and decided to check how it changed. i work with it for 4 months and really like it. they are trustworthy from my point of view. no problems with orders or withdrawals. from financial side they are good but their customer help is a bit slow and sometimes answer for an hour and dont work on weekends
Author of HYCM: Lucas | Date 2018-03-28
This is a reliable broker, yes, there are sliding on the spread before the release of important news. But this is a minus of all brokers who actually withdraw funds to the market. So that all well, you can work without any problems. and you can also earn money on the affiliate program- bring a friend and get a bonus. I like it))
Author of HYCM: Dianapip | Date 2018-03-19
I am a day trader and I use short and mediu term positions. Since I joined HYCM I have a positive experience with them. From the experienced support team to stable platform and good trading conditions. The spread is also stable 2 pips average for EUR/USD,USD/JPY and nice leverage 1:200. I use also a bot which helps me to see easier the patterns and my profit is around 600$. I withdraw easy with PayPal within 24h.
Author of HYCM: Axel | Date 2018-03-02
i can say that my experience is totally positive: 1.8 pips in major currencies, btc\usd, amazing trade execution and leverage 1:10. i withdrew for about 700$ and it came really fast. no problems since 2015
Author of HYCM: Stelliofx | Date 2017-11-19
I trade with HYCM for a couple of months and till now I am pleased with their services. I have a Micro account with a fist deposit of 150$. Their trading platform MetaTrader 4 works fast in execution with real time quotes, and is very stable during volatility times. Also the spreads are stable. I trade currency pairs EUR/USD, EUR/NZD, USD/CHF, USD/JPY and sometimes Gold. My profit is 300$ a month and I use the system Paypal to withdraw money. I had a problem with some positions closed on EUR/USD during the night and the support team help me re-opened my positions and I have back lost money of 87$. The broker is honest and has a transparent fee policy.
Author of HYCM: Yoon | Date 2017-09-21
I have been dealing with HYCM since last year. It offers different types of account according to your needs. That is great because all the traders don't need the same conditions. I started investing $50 just to try the trading platform and I liked the fast execution of trades and fixed spreads. It's true that you can get 1.8 pips in major currencies. I got it with EUR/USD and other pairs. Also, I recommend the demo account. I found the same trading conditions than in a real account and as it's free, I practiced a lot. No complaints so far.
Author of HYCM: Clark | Date 2017-06-22
HYCM is the best broker I have ever traded in forex for many years. Thus, I have account with HYCM and I traded with this broker 2 years ago. My initial fund with HYCM is only 300$, and now, my fund grows up to 1500$. Of course, I got some losses in trading, but I had many winning trades at this broker. In addition, I was selected as the winner of HYCM hall of fame in last month and I was awarded with 500$. I can recommend HYCM as a reputable broker, because they don't steel their clients’ money. Furthermore, they also have good trade execution and good customer service. Therefore, I am happy to trade with HYCM, and traders can trust with this broker in trading.
Author of HYCM: Marima | Date 2017-05-03
I am experiencing problems with HYCM now because I have one trade that is closed on it's own and the support didn't helped me to fix the problem. I literally had to go from one representative to the other and I still got off the phone with no info. I waited for almost 2 weeks and had been sending them emails but I just let my complaint passed and give them another chance. The next one is the the spreads are too wide compared to other brokers.I do not recommend them.
Author of HYCM: Sayo | Date 2017-04-26
HYCM is my first broker, and I and I can say that it is this broker that has helped me into being a professional trader with the help of their Ebooks. They have the best trading conditions and trading markets information.So far, I have $3200 in my HCYM account and I have made several withdrawals with no problem. This broker only need to work on their customer support department because they are always slow to respond when one contacts them.
Author of HYCM: Gordon | Date 2017-04-11
There’s often requoting and I was also unable to close a profitable trade, when it was winning, and as soon as it went down in the lows, it was closed with a substantial loss, of course. In that deal I lost more than $460 and their customer support did not do anything to solve my issue.
1 2 3 4 5 6 7 .. 33 

Add comment

Forex charts and quotes

30% bonus for EACH deposit
Leverage 1:1000

Special offers
Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!