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HYCM Broker: Reviews and Specifications

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HYCM Discussion

  • Website: hycm.com
  • Founded: 2006
  • Headquarter: 18 King William Street London, EC4N 7BP, United Kingdom
  • Regulation: FCA (#186171) • CySEC (259/14)

Open Account

International offices Cyprus, Dubai, Kuwait, Hong Kong, Cayman Islands
Broker Type Market maker
Broker Status Independent Broker
Accept U.S Clients No
Live Chat Yes
Phone +44 – 208 – 816 – 7812
Email [email protected]
Website Languages Arabic, Chinese

 

Account Information

Free Demo Account Yes
Min. Deposit $100
ECN account No
Account Currencies USD
Maximum Leverage 200:1
Minimal Order Volume 0.1
Segregated accounts No
Swap-free Accounts Yes
MAM/PAMM accounts No
Managed account No
Interest on margin No
Deposit/ Withdraw Options Bank Transfer, Visa/ Mastercard, WebMoney , Skrill, Neteller

 

Trading Terms

 

Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
Precision pricing 4 digits / 5 digits
Type of Spread Fixed / Floating
Commission $4 per round
Lowest spread on EURUSD 1.2 – 1.8
Scalping Yes Monitored.
Hedging Yes
Expert Advisors Yes
Mobile Trading Yes
Web Trading No
Gold, Silver Yes
CFDs Yes
Cryptocurrency Trading Bitcoin • Ethereum • Litecoin • BitcoinCash • Ripple
Other Trading Instruments Stocks • Indices • Commodities • Energies
Promotion & Contest No

Reader Interactions

Comments

  1. Paolo says

    February 28, 2017 at 8:48 pm

    Didn’t know yet that HYCM is available in Spain. Espanol site is okay, found few translation mistakes, but in general its fine. Mt4 is still in English tho, dont know if its possible to do anything with that. Anyway, the company works fine. Withdrawal is working for spanish traders, so i m in

    Reply
  2. BubleTrump says

    January 19, 2017 at 11:18 pm

    Two of my friends trade here for 13 years so far, so the broker itself is enough reliable to open account. Doesnt work for US clients, for europeans everything’s okay

    Reply
  3. Mark says

    November 23, 2016 at 10:17 pm

    this broker is regulated by FSA and MIFID so in europe (i live in GB ) HYCM is one of top brokers, guess there should nt be problems with trading stocks

    Reply
  4. LarmaxPolinehier says

    November 12, 2016 at 9:37 am

    HY Markets is the only company, whos emails I do not delete) Very smart and accurate analysis, hope their analytical team will not disband one day and they will contnue to work like that

    Reply
  5. Nordic says

    October 30, 2016 at 7:08 pm

    Would like to see lower spread on eur/usd, the rest of conditions is pretty fine

    Reply
  6. Ponybetrayer says

    October 27, 2016 at 7:17 am

    Are there any commissiona on withdrawal here? My current broker takes around 10%((

    Reply
  7. marques says

    October 21, 2016 at 10:02 pm

    Probably one of the most fastest growing broker, hope to see the same picture in 3-5 years

    Reply
  8. Donskey says

    October 17, 2016 at 8:49 am

    Was surprised by a high qualification of customer support, cool that guys here are former or current traders and know all terminology and stuff

    Reply
  9. Samuel says

    October 12, 2016 at 7:52 pm

    Bonus money give a good chance to raise a starting capital, sad that I cant register second time

    Reply
  10. Bunny says

    September 28, 2016 at 4:42 pm

    My review is positive, didnt find any disadvantages while opening account, trading and withdrawal. Everything i tested worked great!

    Reply
  11. Mussy says

    June 22, 2016 at 8:59 pm

    Didnt have any connection issues or withdrawal delays for the past 2 years. For now HY Markets is one of the most stable brokers in the market

    Reply
  12. Nevil says

    April 14, 2016 at 9:45 pm

    My yesterdays earnings are about 56$, today 71 so far. So its a good time to trade i guess and HY is a good company to trade through

    Reply
  13. Dustin says

    February 17, 2016 at 9:31 pm

    Never knew HY is that old, i found this company about a year ago and that time they were like top 3 EU brokers

    Reply
  14. Notorious says

    December 14, 2015 at 2:08 pm

    One of eldest brokers I know, I trade with hy markets since 2001, I guess they are about 20-30 years in the market so far

    Reply
  15. Newbie says

    October 21, 2015 at 6:40 pm

    What I miss in HY Markets is a step-by-step system of recommendations or lessons for newcommers. This could help us to improve much faster

    Reply
  16. Binary_guy says

    September 21, 2015 at 1:03 pm

    Found a nice way to combine daily analysis by HY Markets and binary options, earned some for sweets on this strat so far)

    Reply
  17. Bonor says

    September 16, 2015 at 1:24 pm

    I was pleasantly surprised at the novelty of the broker – MT mobile app! Very helpful and nice thing.

    Reply
  18. Wilkins says

    August 1, 2015 at 10:39 pm

    HY Pro is definetely a very good solution for a forex trader, who wants to develop himself in stocks and other tools. Wish to see binary platform integrated in HY Pro one day

    Reply
  19. Molly says

    July 17, 2015 at 4:52 am

    Agree about spreads, especially on unpopular currency pairs
    but still, not crusial

    Reply
  20. Marcus says

    May 23, 2015 at 12:44 pm

    Spreads are quite high, but the execution speed is pretty fast so I don’t feel much troubles

    Reply
  21. Perspective says

    April 14, 2015 at 6:39 am

    HY Markets doesnt have regular promotions and contests for traders, but they offer good trading conditions and fine processing

    Reply
  22. Caboom says

    September 24, 2014 at 11:35 am

    Well the company with 20+ years history just cant be a scum. Today hy keeps very strong positions on the market and in arabic world they dont have serious competitors

    Reply
  23. Kermit says

    September 23, 2014 at 11:48 am

    Unfortuanetely for me company doesnt have much education resources, but stil its very comfortable to trade with. They give the biggest variety of trading instruments among all companies and thats great. I wish them to have more education courses for beginners!

    Reply
  24. Juli says

    June 10, 2014 at 8:45 pm

    I m from Ukrain (european part) and dont suffer any troubles with HY

    Reply
  25. YjZZz says

    May 28, 2014 at 3:06 pm

    tryed out web version of HY MT4 for the first time, amazing function, allows to work without software on the computer

    Reply
  26. Brett says

    April 21, 2014 at 6:53 pm

    Will hy markets still provide services to ukranian clients after this political conflicts?

    Reply
  27. Vigas says

    April 14, 2014 at 2:20 pm

    Had a small slippage yesterday, about 2 pips, dont know if it is a broker’s fault

    Reply
  28. Beshop says

    February 24, 2014 at 1:24 pm

    i see they have FSA license, it impresses, but can i trade with HY if i am Belorussian? its not Europe actually..

    Reply
  29. Olsen says

    November 15, 2013 at 12:14 am

    well, there are some brokers with better conditions today, but HY is really trusted and this is more important

    Reply
  30. James says

    October 29, 2013 at 9:19 pm

    I had chosen this broker because they are regulated, and seems to be stable -more than 30 years of experience, strict regulation. Trading terms been improved recently: I am trading on EUR/USD -their spreads 1.8 pips. Withdrawing profits without any problems.

    Reply
  31. Dereck says

    October 17, 2013 at 6:13 pm

    Want to thank HY customer support service for quick solving my request, hope all companies work like that

    Reply
  32. Denis says

    September 17, 2013 at 2:42 pm

    The regulations really impress.. One of most serious companies on the brokerage market today i think

    Reply

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