HYCM reviews

HYCM_logo HYCM 7/10 (votes 12944)

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

Danielo Isco trader
review HYCM

HYCM is not really a competitive broker. I don't think this is a fraud broker but I think I'm not going to prosper in the forex industry when I'm with them. Their transaction fees are just so high that almost nothing will be left on the profit from I trade. I've opened an account at another broker and I clearly saw how different they are from the platform, spread, and even the support. The platform at HYCM looks very complicated and not suitable for beginners. And the prices are not really synced with the real market price. The support is responsive but are not friendly. This might not be a big deal but it still feels securing when you feel that the support team really do care about your trading experience. They don't even ask for feedback. So to sum it up, this broker is not going to rob you, but it won't make you progress as well.

Opeska trader
review HYCM

There's nothing new with HYCM broker. It took a huge time to open an account, extremely slow, and it took over five days to actually get the account opened. When I start trading with them, their platform went down most of the time. Another main trouble is the big spread. I cannot see the price rates and the trading charts sometimes hangs.

James trader
review HYCM

Their trading platform is the worst trading I've ever trade with. They don't provide good services for the clients. Last week I got loss $420 in single trade due to their delayed execution. I have called their support but they simply ignore me. I am not happy with this broker at all. They are a horrible broker so far I can say. Stay away from them.

Rechel trader
review HYCM

Hello, I started an account at HYCM four months ago. I have lost my access from my account for a month already. I reported this issue to all their communication platform but I get no response. I am worried that I won't be getting back my account and money anymore.

Jason trader
review HYCM

I opened an account at HYCM and put $50 initial deposit. When I first started trading with HYCM, everything was fine. But, about a week after, they started inflating the trade value from 10 to 30 pips in the wrong direction, which made me lose a lot of money. When I first reported the problem, they told me they would investigate it. But, they did not give me any return at all. I'm so disappointed with their service. Because of this terrible platform, I stopped trading with them and I'm looking for a broker who has a good and trusted platform.

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