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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 3993)
Comments Interested in other brokers?
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.
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
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