Regulated By: CySEC, FCA
Headquarters: UK
Ranking: 13
HYCM Review & Author's Comment
HYCM is among the most professional and reliable forex brokers in the industry. Regulation by FCA and fast order execution are this broker’s pros. However, HYCM offers only fixed spreads and I should say that spreads are higher compared to some other brokers out there. Nevertheless the benefits they offer outweigh the high spreads and make it completely worth. You know that you must go to a nice and well-known restaurant in the town if you would like to have some quality food. Remember quality comes at a price guys.
HYCM Review
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Reliability - 9.4/109.4/10
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Deposit & Withdrawal - 8.2/108.2/10
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Bonus - 5/105/10
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Customer Support - 7.6/107.6/10
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Overall Trading Conditions - 8.2/108.2/10
7.7/10
Summary
Founded in 1977 and grew into one of the most professional forex brokers in the industry. Regulation by two reputable regulators FCA and CySEC. No bonus, relatively high spreads.
| Broker Detail | |
|---|---|
| Adress: | 3rd Floor, 28 Throgmorton Street, London EC2N 2AN, United Kingdom |
| Phone: | + 44 208 816 7812 |
| Web: | |
| E-Mail: | info@hycm.com |
| Regulator: | FCA (Reference number 186171), CySEC (license number 259/14) |
| 1977 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: | Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Credit Card, Skrill, Neteller, UnionPay, Web Money |
| Withdrawal Methods: | Wire Transfer, Credit Card, Skrill, Neteller, UnionPay, Web Money |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | Arabic, Chinese, English, Italian, Spanish, Russian |
| Trading | |
|---|---|
| Leverage: | 400:1 |
| Spreads: | As low as 1.5 for EURUSD on VIP account |
| Minimum Deposit: | $100 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: |
| Platforms | |
|---|---|
| Supported Platforms: | MetaTrader 4 |
| Webtrader: | |
| Mobile: | IOS, Android |
i ve chosen HYCM because HYCM is a FCA regulated broker, they provide a secured and safe trading conditions and i appreciate it. my dream was to buy a bit of Netflix stocks and i finally got some. for half a year my profit has grown and it makes me feel confident. what to trade with else? id like to buy gas or something… is there any potential?
what can i say is I always gets my withdrawal on time, without any delays. Easy order processing and mostly the open trades are executed whenever the take profits limit is reached. Spreads obvious as low as nominal one. I recommend this broker because my previous 2 years experience is very good so far and I am expecting the same in future as well.
my position is if you know how to work – you will work. HYCM is good both for those who just start as they have strong studing platform and good demo and for those who have already traded with different broker. the strongest are fast withdrawals, well-educated and polite support line, wide geography and well-known label. they are stable and honest from my experience and may concure with other giants.
hello. they are reliable and check you before you open account as the previous commentator said. i love fast execution and leverage for bitcoin (1:10). i use skrill to withdraw my money and the always send them fast enough for such big company
yeah they are good but have to wait long time to open account. They mst improve it