Statistics of HYCM votes

HYCM reviews

HYCM_logo HYCM 7/10 (votes 12695)

On-line since: 1999
Country of origin: United Kingdom
Regulation: FCA (UK), 186171
Payment options: Credit/debit cards, PayPal, Skrill (Moneybookers), WebMoney, Wire transfer
Minimum account size: $50
Minimum lot size: 0.02 lot
Leverage: 1:200
Spreads:1.8 pips on EUR/USD


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

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Comments about broker

Tiwa trader
review HYCM

I have had a great experience trading with HYCM, I opened my account with this broker 7 months ago, and validated my account within 24 hours of opening the account, I have so far made some profits on the platform, last week I withdrew $500 from my account through wire transfer with no issues at all. I recommend this broker.

CaliforniaFx trader
review HYCM

I was a client of HYCM till last week when I closed the account after waiting for approval to withdraw my funds for 2 weeks. I traded 3 months with this broker and was going really the first month. I had a Micro trading account with a deposit of 100$. This first deposit was lost in about 2 weeks of trading because the platform has delays. For deposit and withdraw I use the same system PayPal. I deposited again 100$ and this time was more like 1 : 1 win-loss. Any way I made a profit 600$ in my 3rd month and when I tried to withdraw I got only 500$, 100$ was hidden commission of the broker. The platform I was trading is HYCM MetaTader 4 has delays, not always but 70% of the time, and also the prices and spreads are crazy during news feed. I trade EUR/USD, USD/CHF, USD/JPY and also exotic pair USD/DKK. I had negative slippage, and position closed during the night. The trading conditions were very bad, I called support team and they said is nothing to do to help me. Very bad services.

Ron trader
review HYCM

trading with HYCM only give me bad experience in trading. When I’m open account with them it took 3 days to validate my document and then I made some deposit around 50 USD it took 4 days for them to credited into my trading account and I can’t start trading because of this slow process. Leverage that I can set only 1:200 I can only entry for a few position only with limited lot size. Their platform also drive me crazy when it freeze while trading make me loss around 20 USD because I can’t close profit position manually on USDJPY currency. Overall this broker should overcome this problem.

Nicholas trader
review HYCM

I think HYCM is a good broker. I have dealt with them for 2 years and so far never encountered any issues. Metatrader platform by HYCM is well-designed and eased my charting activities unlike the other brokers. Last month, I did requested a withdrawal of $200 through Moneybookers, I don’t have to wait for so long just less than 5 hours I can see money credited into bank account. Good job and well done HYCM. I going to stay trade with them and wish to grow more profit soon!

ijul_88 trader
review HYCM

I've been trying to recover my money for months now, and this are scammers and they should be shut down! Their new scam is to loan you a $50 for every 100k in your accont and then they will auto liquidate you and take it all! I lost a good deal of money in trading with them! I bet they will always take the largest one that will give you the biggest loss!!!

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