HYCM Broker Testimonials
Identifying a good broker will not be complete without checking the testimonials. This is because experience speaks louder than words.
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I am a client of Hycm for quite a while now. First thing that everyone should know is that it's a very reliable broker. Almost as reliable as the Swiss watch. If not more.
It's actually part of the comfortable trading experience with the broker.
But nowadays I want to go a little bit further and try algo trading. I already found the trading bot I'd like to use.
Nevertheless I have a question for those who are more sophisticated in this. What account should I utilize for this, Fixed or Raw?
Comapny has a solid history and that attracts me. Only thing I would add is another trading platform, because Metatrader platform looks complicated for me. Anyway, that is just my point of view, so I guess I have to master it.
It covers much. Hycm is a reliable broker.
Oct 30 2022
I didn't read many Hycm reviews, but I think this one hit the nail on the head and mentioned all the broker's features in detail.
Hycm has almost no restrictions when it comes to trading activity. I'm speaking about the variety of trading accounts, platforms or instruments that every client is able to choose and apply in his trading practice.
The broker allows scalping as a form of trading also. This type of trading is allowed only by the top-tier brokers, as far as I'm concerned. Broker's Raw account fits perfectly for this trading style. It offers the tightest spreads possible with rather low commissions. At least it's the lowest commissions I've met in the market.
Generally speaking you want your broker to look like Hycm - reliable and competent.
Oct 22 2022
This broker is mostly positive. It's licensed and has a good reputation, but there's one nuance that can spoil a good impression. Two of its three branches provide small leverage for currencies. Get ready for this.
So nice HYCM has an educational sector. Information is presented nicely and clearly so even newbies will find it useful.
Feb 15 2022
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.
Feb 6 2022
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.
Jan 25 2022
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.
Jan 16 2022
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.