HYCM Review

Regulated By: CySEC, FCA

Headquarters: UK

Ranking: 18

Spread: 1.5 pips (EURUSD)

Leverage: 400:1

Minimum Deposit: $100


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.


Broker Detail
Adress: 3rd Floor, 28 Throgmorton Street, London EC2N 2AN, United Kingdom
Phone: + 44 208 816 7812
Web:

http://www.hycm.com

E-Mail: [email protected]
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
Platforms
Supported Platforms: MetaTrader 4
Webtrader:
Mobile: IOS, Android
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:

HYCM Review

HYCM Review
  • 9.4/10
    Reliability - 9.4/10
  • 8.2/10
    Deposit & Withdrawal - 8.2/10
  • 5/10
    Bonus - 5/10
  • 7.6/10
    Customer Support - 7.6/10
  • 8.2/10
    Overall Trading Conditions - 8.2/10
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.


I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. After the boom of forex brokers offering lucrative features like leverage, 24/5 trading hours and wide diversity in pair instruments, I have tried and traded with more than thirty forex brokers in several different countries.

Risk Warning:

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.