HYCM Broker Testimonials

As for me, I like HYCM webinars and workshops very much. Some of them take place pretty regularly, so that it is not a big deal if I skip one of them. Such webinars are very informative and they expand my trading horizons greatly and I appreciate that. Apart from that, they also bring some certain feeling of community. It is alsways pleasant to understand that you are not alone and there are lots of other people who go theough quite the same processes as you. More than that, they are pretty entertaining. I personally never felt bored when I was given the learning material. The most efficient way to learn something is to do that with fun and the guys from HYCM know that pretty well.

I'm a newbie. I make my first steps in trading. That's my first broker.
…Whenever I open MT, I see it's chocka indicators and assets. I look around… Choose smth in the asset list randomnly, click on buy or sell. Look at the chart with great hope. See my profit rising & I'm happy, see the opposite - cry like a baby.
After a week I realize there's something to 'bout my trading. I need to calm down, learn tech and fundamental analysis. It's all new and scary for me but… my interest is stronger than my fear & lack of experience.

I came to hycm for the reliability and I got it.
When I was in the process of choosing a broker, I looked for the most stable and reliable broker possible and I eventually found it. HYCM is very consistent and this very fact makes my trading calmer and more secure. Surely, the trading conditions are not the best on the market, but they are still pretty acceptable especially if you are a swing trader, like me. I don't need to give all of my profits to the broker in the form of fees and charges, so, they look fine for me.

Being extremely careful to the risks, I also appreciate the function which is called negative balance protection. I know that I will never get in the red even if my risk and money management go wrong.
All in all, I am rather satisfied with my trading experience here.

I chose the company because of the large number of currency pairs and crypto. The presence of a regulator and the broker's long history in the forex market also bribe me. Thanks to it many nuances were left in the background. During the work, I managed to check the withdrawal of funds. I can say that quite quickly - from the moment I submitted my request, it took two days - the money came to my card. A decent broker.

Their support service is very competent, thanks to their advice I got a system to reduce risks and distribute them on volume, deal and deposit. Good broker, I recommend it for trading.

I am convinced that many people choose HYCM because of the low fixed spreads, 1.5 pips is a small 'fee' for not having to worry about expansions and the market going through some strong changes.

I think that many people are also positive about the raw spreads, but one has to understand that the specifics are pretty serious and it is harder to keep everything under control, although from the point of view of capital allocation it is rather profitable, probably conclusions should be drawn after you have tried and tested everything, I like that in this sense HYCM gives certain freedom and you can easily switch from one account type to another.

It is important for a trader to experiment and rearrange.

HYCM is a nice broker which can be worked with. Multiple regulation and long existance on the market makes it credible in my eyes, so the question of decency is already answered by the solid facts. It is great that the broker supports mt4 and mt5, though mt4 has certain restrictions and some of the exotic financial intruments are not available there, unfortunately, but I don't think that it will be a problem for the major part of traders.

I opened an account with narrowispreads and an MT5. Frankly, I like MT5 more than MT4. MT5 has more features to analyse. orders are executed very quickly.no slippages.

If we talk about the scale of this broker, it's really a gigantic project. The broker has been regulated by the UK for 20 years and up to 25,000 orders are opened here every day. Is that impressive? For me definitely yes.
Although the set of trading platforms here is pretty standard, Metatrader 4.5 and the MetaTrader 4 mobile application for trading via tablets and smartphones based on iOS and Android.
I really like the video strategies on the broker's website, for example, I advise paying attention to such strategies as Tunnel Strategy and Fishing Line Strategy.
As for the withdrawal of money, it is a standard procedure here. You order money and it arrives within a short period of time.
There are accounts with both fixed and floating spreads, so it's easy to choose something suitable for yourself.

I’m very interested in stock trading. I briefly viewed the list of stocks and as I remember, it was big enough. However, I was in a hurry and couldn’t pay much attention to all the details. So, I want to make clear one thing. Can I trade the same number of stocks on both Metatrader 4 and Metatrader 5? It’s very crucial for me because I intend to work on Metatrader 5 here. I want to make sure that most stocks can be traded on Metatrader 5.