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HYCM

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5.6
(71 Reviews)

Founded: 1977 Min Deposit: 100 USD

Headquarters: England, United Kingdom Max Lev: 1 : 500

Risk Level I

The Securities Commission Malaysia (SC) Issued a Warning Against HYCM

Score
Business Scope
0.0
Trading Cost
5.9
Trading Platforms
5.9
Support
5.9
Licence Status

Good regulation

CySEC 259/14
FCA 186171
CIMA 1442313
Authorised
Authorised
Authorised
Contact
+44 2088167812
support@hycm.com
Strict Regulation
Negative Balance Protection
Multilingual Support
Multi-regulation
Low Minimum Deposit
Long-established
Islamic Account
Multiple Trading Instruments
Bernhard Krebs
2022-11-18
I like the daily analysis news feed provided by the broker, which is very helpful for trading.
mannan
2022-10-11
Good performance, no lagging platform, acceptable trading conditions, in general, I haven’t found any special problems.
Heinrich
2022-10-24
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
2022-08-07
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
2022-11-02
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
2023-06-28
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.

Deposit and Withdrawal

6.0

Average

No deposit and withdrawal fee

Features

Fast Deposit
Fast Withdrawal

See more
See more

Company and Service

8.2

Very Good

Long established and many branch offices

Features

Long-established
Multilingual Support
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

Related Complaints

Q&A

Overall Score

5.6
71 Reviews

Cost 5.9

Platforms 5.9

Deposit & Withdrawal 6.0

Customer Support 5.9

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

71 Reviews

Dimitrie
7-12 months Australia
This broker open the spread for roll over at in major pairs over 14 Pips and more for some minutes. so be very, very careful to trust this broker when you trade in this time
2024-04-22
Reply
yah
7-12 months France
Been waiting a few min for customer support manager to answer me, so its not that quick, my question was still solved, so I m quite pleased
2024-04-19
Reply
Hussain
Over 3 years Cyprus
HYCM is one of the safest brokers I have used before. This is in terms of regulations and also experience in the market. This is a broker that has been active in the industry for quite some time and they do not look like slowing down. The broker simply does a good job in rising to the needs of brokers and keeping up with the times as well. The broker makes available the MT platforms and also has a blog that talks about the activity in the market. Furthermore, there are frequent webinars hosted by an expert, Giles Coghlan, who is very competent in the market and also teaching.
2024-04-15
Reply
RASHID
1-3 years India
I like it for its wide choice of instruments! I am trading the stocks of Coca-Cola and IBM here. Just invested my money and watch the dynamics. Tried to trade with coffee as commodity. They allow taking both long and short positions on the prices of CFD contracts. Not bad and even with a profit not large but still without fail. Being rather an investor than a trader I've tried also natural gas. As far as I'm sure it is a fast-growing asset that can provide profit in the future. I see here tradable prices and low spreads. They do not take commissions and offer really helpful customer support service. I'm here - it speaks for itslelf!
2024-04-10
Reply
henrick
1-3 years Japan
Very pleased with Hy platform! Well designed, great variety of trading tools! Looks like ninja trader for Forex.
2024-04-07
Reply
Mason
1-3 years Ethiopia
Since HYCM is a huge financial group, i would still recommend newbie traders to open the first account here and not in the smaller brokerage companies. Trading with companies like HYCM you get confidence, that money are safe and conditions are transpart enough to trade safely.
2024-04-03
Reply
Adbullah Haroon
7-12 months India
Trading on live account for about 8 months so far, trading works great for me, making 220$ a week
2024-04-01
Reply
achned
0-6 months Fiji Islands
My review about hycm will be positive, after a registration procedure (that take a while with docs verification), trading went easy and fast. Customer support helped with mt settings and everything went fine.
2024-03-28
Reply
Abisola
Over 3 years Jordan
I have stunning and great experience with HYCM! Just over three years of trading currencies, my balance has grown by almost 340% in 2023. For year and a half, I trade only through HYCM, six months of which I had traded on paper. Before I used to trade with FX houses like IB, FXCM and others but my scalping strategy has been working stable only on this broker's live account. Unfortunately, there is a profit on all demo accounts of all brokers, but only here on the real, there is a stable growth. I believe it's only due to low commissions and tight spreads, which do not eat up 2-3 pips of each take-profit. So let it be my compliment to the broker for a good job))
2024-03-22
Reply
gnielson
Over 3 years India
HYCM have amazing online help which is useful&helpful! The most important thing is with drawing my money is easy. Of course, the have minuses too, but the experience is more good than bad.
2024-03-20
Reply

1-10 of 71 comments

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