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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 9/10 (votes 3481)

Web-site: HYCM

Comments Interested in other brokers?
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.
Author of HYCM: soorya16 | Date 2017-03-27
HYCM is my 3rd broker and I am very satisfied with them. My previous brokers had so many problems with my orders not being filled or stops getting slipped that my scalping strategy simply no longer worked with them. But with HYCM my trading strategy was scalping on news, and I have not suffered any delays on MT4 platform. Every month I managed to earn on average $350 per months. I also like their payments system. I withdraw 2 times in a months through PayPal usually I got my within 8 hours. Nothing bad to say for this broker.
Author of HYCM: fxbird | Date 2017-02-21
I started to trade with this broker since 2 months and since then I have daily problems with the support isn't available or able to solve. I opened an Micro account and deposited 100$ through WebMoney which should be processed instantly, still I didn't saw my money till the next day, due to "technical issues" as one of the support has spoken to me. So, I opened the platform Prime Trader, tried to trade, on EUR/USD and USD/CAD, I say tried because it kept on crashing or have re-quotes and made me lose money. I traded the MT 4 platform, same stuff, maybe they have such bad servers that the platforms just don't work. I tried to withdraw my money through the same WebMoney, and now I need to wait 7 days to could have my money, or what is left of them. I wouldn't recommend the broker.
Author of HYCM: Grigor | Date 2017-02-16
The platform is difficult to use, it is not user-friendly at all. Sometimes the server executes my orders against me, sometimes set SL and TP don’t trigger automatically. I think, it’s impossible to make any profits with this broker, I will not be investing more money here.
Author of HYCM: Pacific_FX | Date 2017-01-19
Was trying to compare hycm with oanda and several other brokers, didnt find much difference to be honest, conditions are pretty much the same. Stayed with HYCM coz use their daily market commentaries a lot
Author of HYCM: Lionel | Date 2016-11-30
It took me quite long to withdraw profit, about 4-5 days. Firstly my account manager declined the photo of my passport and i had to recent it twice. Finally i withdrew 1700$ profit and now feel quite happy. So cant say HY is a scam or something like that. I will continue working withe them
Author of HYCM: RedFactory | Date 2016-11-30
Interesting whitelable conditions, thinking to open an office with HYCM
Author of HYCM: Martin | Date 2016-11-25
I had the issue with account closure when i stopped trading for like 5-6 months, its just getting freezed and u can contact support and solve it very fast, try it dude
Author of HYCM: Jakaree | Date 2016-11-23
Dont recommend to listen to spammers, strange that their reviews get moderated. Regulated broker cant affect your trading, and its also silly to choose full STP broker
Author of HYCM: Richard | Date 2016-11-21
HYCM is well regulated broker, but when you will start trading with them you will feel like you are trading with typical bucket shop. If you are profitable, be aware that they will make you lose. Also they have poor conditions and bonuses. I advise you to choose pure STP broker. If you don't know how to choose such brokers, i can help you. Just add me in skype - vovkfx.
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