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HYCM
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Score
Business Scope
0.0
Trading Cost
6.3
Trading Platforms
6.4
Support
6.3
Licence Status
Good regulation
A A A
FCA 186171
B
CIMA 1442313
A
CySEC 259/14
Authorised
Authorised
Voluntary Renunciation
Contact
Bernhard Krebs
I like the daily analysis news feed provided by the broker, which is very helpful for trading.
mannan
Good performance, no lagging platform, acceptable trading conditions, in general, I haven’t found any special problems.
Heinrich
hycm is not bad, mt4 is stable and works well, I also use them to trade with cryptocurrency through cfd currency, in this case, I'm very satisfied with their work.
AdminDailyforex
There are too many quotations, they do not allow you to use EA, sell stop/buy stop loss, and the server is too busy during the data time. They also tend to change your profitable order to a loss, so be careful when editing closed orders!
saman
I think HYCM is one of the biggest forex scammers. They refused to send my profits, instead they sent me some virtual wire transfers. My bank told me that this kind of wire transfer information doesn't exist. Now they neither answer my calls nor return my emails.
Joshua Faris
It is convenient to recharge and withdraw money. A variety of terminals, the performance is normal, there are no malfunctions and freezes. I have no doubt to execute quickly. I feel lucky for HYCM. It is very comfortable to work.
Broker News
HYCM UK's Revenues Decline but Net Profit Surges in FY2023
2024-06-24
HYCM UK reported revenues of £1.85 million in 2023, down slightly from £1.89 million in 2022.
CySEC Announces Withdrawal of HYCM's CIF Authorization
2024-06-19
HYCM voluntarily renounced its CIF license with authorization number 259/14.
HYCM Europe Voluntarily Surrenders CIF License and Ceases Services for EU Clients
2024-03-29
The European subsidiary will no longer accept new clients or open new accounts for individuals from EU countries.
Account Type
7.1
Good
fixed and variable supported
Features
Trading Platforms
MT4,
MT5
Min Deposit
100.0 USD
Max Leverage 1 : 500
Min Trade Volume
0.01 Lots
Stop Out Level 20%
Commission
0 USD
Spread Type
Variable Spread
Account Currencies
CAD,
RUB,
GBP,
EUR,
USD,
AED
Trading Instruments
Precious Metals,
Forex/Currencies (MT4),
Cryptocurrencies,
Stocks/Equities,
Indices,
Energies,
Precious Metals,
Commodities,
Forex/Currencies (MT5)
EA
Hedging
Scalping
NBP
Islamic
Deposit and Withdrawal
6.3
Average
No deposit and withdrawal fee
Features
Company and Service
7.1
Good
Long established and many branch offices
Features
Profile
Headquarters Address
18 King William Street
London, EC4N 7BP
United Kingdom
Founded 1977
Broker Type
ECN,
MM/DD
Time Zone GMT
Credit Profile No information
Trading Platforms
MT4
Windows,
iOS,
Android,
Webtrader
MT5
Windows,
iOS,
Android,
Webtrader
Contact
No Data
Others
Website Language
Arabic,
Chinese(Simplified),
Chinese(Traditional),
Czech,
English,
French,
German,
Italian,
Persian,
Polish,
Russian,
Spanish,
Swedish,
Vietnamese
Customer Service By
Email,
Live Chat,
CallBack,
Facebook,
Twitter,
Instagram,
LinkedIn,
Youtube,
Crunchbase
Supported Language
Arabic,
Chinese(Simplified),
Chinese(Traditional),
Czech,
English,
French,
German,
Italian,
Persian,
Polish,
Russian,
Spanish,
Swedish,
Vietnamese
Overall Score
5.6
114 Reviews
Cost 6.3
Platforms 6.4
Deposit & Withdrawal 6.3
Customer Support 6.3
Indicates the average level of Brokers
Keywords for selection
Advanced Trading Platform
Fast Deposit/Withdrawal
Fast Execution
Good/Professional Customer Support
No Slippage
Non-Responsive Customer Support
Powerful Tools
Trading Assets
Trading Conditions
Unstable Server Connection
Deposit/Withdrawal Problems
Requote Problem
Reliable & Reputable
Promotions / Bonus
Slippage Problems
114 Reviews Clear filter
Sort by
Rob Petrovic
Regulations play the major role when I choose a broker, so it's not surprising that I have chosen this one. Nevertheless traders should't judge only by this criterion. I also pay attention to customer support, guess that it also plays big role in any service experience. All traders from time ot time face various issues, which can be solved only by customer support.
2025-01-17
Reply
Reply
Dan Holmes
HYCM looks like a good solution for traders outside the EU, as in this regard company offers high leverage, so you can scale your trading and earn more. But if you're living in one of the EU countries, your leverage would be restricted. I don't remember exact numbers, but seems it's 1:20 for Forex pairs and 1:2 for crypto. In my opinion, that's extremely low and sad that company offers different trading conditions that depend on trader's jurisdiction (I understand that's caused by the EU regulations, but the problem still exists).
2024-12-27
Reply
Reply
NattyThita
Good performance, no lagging platform, acceptable trading conditions, in general, I haven’t found any special problems
2024-11-21
Reply
Reply
JP
Since I am still new to the financial market, I need more insights to help me make a decision to buy or sell. On their website, they provided a short market commentary from their experts, which really contributed to my trading.
2024-09-24
Reply
Reply
Samuel B
They are a group of scammers. I waited for 25 days and still didn't wait for my withdrawal.
2024-09-13
Reply
Reply
Clint
Most brokerage companies have various loopholes in their contracts to deceive clients. Seriously, there are only a handful of honest brokerage companies. This included HYCM. I opened an account in it almost immediately, then I deposited the account, then withdrew all the funds, and then recharged and then withdrawn, because I was more focused on reliability testing, so I have not done too much Trade more, but last month, I started to enjoy trading, I must say that execution is only an instant, I haven’t seen anything like this for a long time.
2024-09-06
Reply
Reply
Liza Bradshaw
I like the daily analysis news feed provided by the broker, which is very helpful for trading
2024-09-02
Reply
Reply
Johann du Toit
I think HYCM is one of the biggest forex scammers. they refused to send my profits, instead they sent me some virtual wire transfers. My bank told me that this kind of wire transfer information doesn't exist. Now they neither answer my calls nor return my emails
2024-08-30
1
Reply
1
Reply
Bilal Najeeb
Its one of the greatest platform I have traded with
2024-08-29
Reply
Reply
Kyle Hunter
There are too many quotations, they do not allow you to use EA, sell stop/buy stop loss, and the server is too busy during the data time. They also tend to change your profitable order to a loss, so be careful when editing closed orders!
2024-08-23
Reply
Reply
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Rate and Review
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Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer:
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.