HYCM reviews

HYCM_logo HYCM 7/10 (votes 12825)

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

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.

Alwilda trader
review HYCM

Unlike their demo account, the platform at HYCM when using a real account is shaky. It often lags which ruins my trading activities. It is very disappointing because when I was trading using the demo account, everything was smooth. But now that I am on a real account and am risking my own money, the platform is terrible.

Balaji Datta trader
review HYCM

I've came to trading when I was student and my first brokerage was unregulated company... I got my first 2 withdrawals (around $300 total), but my $700 withdrawal was scammed and I didn't get my money at all. So choose only regulated brokers like this. Yes, conditons aren't so tasty, but There's no such thing as a free lunch

Ehlena trader
review HYCM

My main problem with HYCM is their trading platform. They said that their trading tools and platforms are of good quality but after opening an account with them and trading for a while, their claims deemed untrue. I have experienced a lot of slippages which resulted to huge losses. The platform would also lag and freeze often and when it returns to working again, I have already lost so much. I tried to report this issue number of times but I was ignored.

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