HYCM Review and Information 2023

	HYCM
Voting Rating	HYCM does not participate in the Forex Rating Submit Forex Broker
Reviews Rating
Regulation	CySEC, FCA, MiFID, DFSA, SFC
Trading software	MetaTrader4/Mobile
Headquartered	3rd Floor, 28 Throgmorton Street, London EC2N 2AN, United Kingdom

HYCM is online trading division of Henyep Capital Markets, which is a major investment company established in 1977. The company’s headquarters are located in London, United Kingdom. The Henyep Capital Markets activities are regulated by such financial regulators as FCA, MiFID, DFSA and SFC. Besides Forex the company offers trading such financial instruments as energies (oil/gas), metals, commodities, stocks, equities, indices and many more, all the available trading tools can be used from the same trading account.

The broker’s trading platforms are Webtrader and the world’s most popular trading software – MetaTrader4. The trading accounts start from $100 with leverage reaching up to 200:1 and tight spreads on major currency crosses ranging from 0.5 to 2 pips. The spread can be both fixed and variable. Traders can also try the broker’s services using free demo accounts. The usage of expert advisors is allowed, automated trading is possible. Henyep Capital markets broker allows to use “hedging” trading strategy.

HYCM forex customer support team is multilingual and equipped of highly professional personnel always ready to solve any customers’ issues fast and effectively. The depositing and profit withdrawal in HYCM are fast and available with the usage of a wide range of payment systems, including all the most popular currently.

For the novice traders HYCM offers free educations consisting of trading courses, software tutorials, trading books, learning videos and many more. Professional traders will also find at HYCM useful materials to perfect their trading skills.

All the above-mentioned makes the HYCM broker services a complete product offering with all the advantages possible in this sector of global markets. Such unique and universal access to multiple financial markets gives the HYCM forex broker customers a competitive edge to trade all markets and diversify an investment portfolio.

On the company’s profile page at our website you can read HYCM reviews by other traders as well as write your personal HYCM review of your personal experience with the broker. To add a forex review or to answer other traders in this forex broker ratings you need to login to the site. HYCM news and reviews of financial events are also available in our website.

HYCM Trading Information 2023

WWW	https://www.hycm.com/en
Address	3rd Floor, 28 Throgmorton Street, London EC2N 2AN, United Kingdom
Headquarters	London
Free phone	+44-208-816-7812
24 hour support
Partnership programs
Expert advisors
Free education
Mobile trading
Automated trading
Demo account
24/5 trading
Hedging
Digits after the dot in quotes	5
Minimum position size	0.02
Spread Type	fixed, variable, raw
Pip spread on majors	0.2-2.8
Maximum Leverage	200
STP, $
ECN, $	100 (RAW Account)
Standard account, $	100
Mini account, $	100
Popular payment methods	Credit Card, PayPal, Wire Transfer, WebMoney, Bitcoin
Account currencies	EUR, USD, GBP, AED, RUB, KWD
Available assets	Oil/Gas, Commodities, Stocks, Indexes, Bitcoin, Ethereum, Litecoin
Languages	English, Chinese, Russian, Arabic, Indian
Platforms	MetaTrader4/Mobile
Broker type	Broker
Regulation	CySEC, FCA, MiFID, DFSA, SFC
Foundation	1977

HYCM Reviews and Comments

Today guys from HYCM called me and talk blah blah. When I conversed with them in English because we are talking Spanish then they cannot answer me! Their accent are somewhat Pakistan, Indian accent. They are poor in Spanish as well. Scam broker, red alert!
Nelson 13 Sep 2021 Reply

Please please stay away from hycm especially if they offered you the choice to register your account in Saint Vincent and the Grenadines ( in which they are allegedly licenced). Market orders execuated through them run perfectly until you start gaining real profits: Your orders start getting seriously delayed ( until major market price changes has occured). Other profitable orders don't even get through even when trying multiple times. They did this twice to me in a way that was too obviously intended to hurt my account ( after gaining good profits each time). And every time, they used ridiculous excuses: Internet speed issues, software glitches, market volatility. Of course with other respectable brokers, you never face those type of issues (especially when it is very obvious it's intentional and timely). I got so many recorded videos showing clearly how they screw up your orders. To be fair to them, when it comes to withdrawing money: they always sent the requested amount in very brief time (at least this is my personal experience). They are definitely a fraudulent company that would throw ambiguous technical reasons for you to make you accept how you got ripped of your money. Please please go with more trusted brokers: they are simply not worth risking your money.
Ahmad 13 Aug 2021 Reply

I consider HYCM as one of the biggest forex scammers. Please if you are planning to trade with them don't do it. I made profits they refused to send my money instead they sent me some fictitious wire prove. I sent the information to my bank I was told by my bank that such wire information doesn't exist. They are owing me more than $6000. Right now they are not picking my calls nor reply my mails. I have sent them my bank officers name, phone numbers and email. I have sent them my account statement to prove such money never made it to my account.
Nicholas 15 Jun 2020 Reply

I made an account with HYCM and realized it wasn't the platform for me. I didn't make a single purchase and put in a request to withdraw my funds of $2,000 CAD. I have been waiting to have my money returned to me since February 28th. I have sent countless emails and received very little communication. This company is a complete scam and to not refund someone's money, is completely unethical.
Ashley 19 Mar 2020 Reply

Far More than just an XM Trading Account - Client Benefits

All clients receive free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook and 24/5 live customer support in over 30 languages.

Why do they have that many regulations? Isn't just one good one enough? Why didn't nthey stop with CySEC or Britiish regulator. Finally, are all these licenses that they post on their official website real?
Pascal 12 Feb 2020 Reply

HYCM's competence leaves no doubt, this is after the second time I withdraw profit. before that I had some doubts, despite the fact that there was positive feedback about the broker, it still didn't help me to cope with anxiety caused by the fear of losing my investment and earnings.
Nicholas 7 Oct 2019 Reply

I've never regretted that I chose HYCM, I was always pleased with the profit, for several years of trading I managed to set a personal record and if I add up all my withdrawals, it turns out that I brought out several of my deposits. sensible guys work here, I'm talking about tech support. Appealed more than once, all like clockwork, issues were resolved instantly and professionally. Well done!
Julius 1 Oct 2019 Reply

Most traders lose their deposit due to hastily opened transactions, the reason for which is impatience, because the most difficult thing is to wait for an obvious signal to open a position. At the beginning of my path as a trader, I came across this problem every time I opened a terminal. It is this impatience that can drain your deposit, so do not do it. From the broker, in fact, not much is needed to trade, the rest is up to the trader. The most important thing is that if the execution is perfect, as in HYCM, then there is no reason to worry at all. I have been trading for a long time, so I can't say that the rush here is generally inappropriate. For example, this month I close with a profit of 22% of my deposit. And how much I like that the broker withdraws even more than $1000 easily and in future trading the broker will not spoil your life, it is very honorable.
Daniel 25 Sep 2019 Reply

For the year that I've been tradung with the company, very big changes did not happen. Someone says that the company is not developing, but I do not agree. The company still keeps the brand and I really like it. The ability to look worthy against the background of competitors, and there are a lot of them in this area and the most different with different offers, you need to be able to. It's not even easy to be able to, but to work all the time on service, quality, and problems. This is development. Maybe they don't work so hard on the advertising company, but everything about the service - they have a solid 10 out of 10.
Andrea 17 Sep 2019 Reply

Hello! I want to leave a review about HYCM! Well, this broker, of course, did not conquer me right away, some time passed and I began to notice the clarity of execution, although slippage and requotes are also present, but the execution is really high-quality, fast and uninterrupted. Then, after a while, he began to output a little bit. First, a hundred, then a few hundred, and there thousands have already gone and with different intervals I withdraw, but always the money comes clearly on time. And now the question is: what else does a trader need for comfortable trading? Personally, I would also put emphasis on the service, which is at a good level in HYCM, but my friends, traders believe that high-quality execution and withdrawal guarantees are quite enough for a good and comfortable trading. Everything else depends on the trader and on his desire to learn and work. And that also makes sense.
xLnt 2 Sep 2019 Reply

I've been choosing a broker for quite long time. As a result, I chose HYCM. I liked the conditions that they provide - an easy-to-understand trading agreement, a trading terminal that does not hang and there is also no fee for withdrawing funds, a wide range of trading tools. I like trading commodities and stocks. Already brought a profit of $ 560 dollars and this is for 1 month of work. Now I am confident that the time I spent searching for a good forex brokerage company was not in vain.
Archie 7 Aug 2019 Reply

In short, HYCM is a broker whose reality meets expectations. Well, if a person, of course, is not a dreamer and does not dream of getting rich in one day. HYCM offers what it does: analytics means analytics, leverage means leverage, flexible conditions means truly flexible. I've been there for three years, moved from a second-tier broker with a bunch of problems and the threat of a bankrupt at any moment. It was just heaven and earth, just everything - from the office and the application to analytics, which is really top in HYCM.
Vally 15 Jul 2019 Reply

For me best brokers that really follow the standard withdrawals duration are XM, HF, FBS and the Octafx. I traded them for almost 2 years already. Nichol
Nichol Gadingan 8 Jul 2019 Reply

I started stocks and forex trading for almost 2 years now. Hycm is my latest broker when my I started 200usd account I withdrew my initial profit for a couple of days but when my account increased to 500usd my withdrawal did not credit to my bank account. There support team sent ARN's but still my withdrawal still unserved and the waiting period already lapsed. There adviced is to verify my bank but I used the bank account on my online transactions such as forex and etc. with no encountered problem contrary to the scenario now. I have no choice is to verify my bank personally if have time and I know this is a very tedious to the bank side to verify ARN's. As of now this is my very disgusting experienced hoping this will be resolved asap. Nichol
Nichol Gadingan 8 Jul 2019 Reply

How is withdrawal process, did you get your money?
Ahmad 4 Sep 2022

Why Should Anyone Trade with Hotforex

HotForex is continuously establishing its position as a market leader and offers great trading conditions and competitive advantages to its clients which include, but are not limited to: tight spreads from as low as 0.1, flexible leverage options, top fund security measures, multiple account types, free educational resources, access to daily market analysis and many more!

HYCM is a very good broker. It has long been c trading with them. My deposit is not the smallest, but not the largest. Convenient replenishment / withdrawal. A very wide range of terminals, performance is normal, without glitches and freezes. All that I earn they derive me without question. Fast execution, requote has never caught. Good spread, fast withdrawal. Personally, I am lucky with HYCM, it is very comfortable to work. A normal company that does not create problems for its customers, the main thing is that you yourself understand what to do. With the knowledge and your working strategy, you can work and earn money. Profit withdrawal without problems.
Paul 28 Jun 2019 Reply

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