HYCM Review 2025 Pros, Cons & More

HYCM Review 2025 Pros, Cons & More

Looking back at my early trading days, I recall exploring various brokerage firms to enroll in. This happened around two decades ago, and opening an account was more complex compared to these times. It is impressive to see HYCM’s ability to meet the constantly changing demands of traders by offering an advanced platform.

The HYCM Desktop MetaTrader 5 platform provides traders with enhanced functionality and more advanced features compared to MT4. MT5 offers 21 timeframes, giving traders a broader range of charting options for detailed market analysis. It also supports 6 types of pending orders, offering greater flexibility for executing trades under specific conditions.

Cons of HYCM broker

HYCM is the winner of more than 20 global awards, including the best forex broker, best trading platform and best customer support. Raw accounts offer raw spreads as low as 0.2 pips along with commissions of $4 per round. There is still a minimum trade volume of 0.01 lots and availability for EA and Islamic accounts. Those exploring a cryptocurrency review will notice that the broker offers multiple account types.

Does HYCM charge an inactivity fee?

One of HYCM’s standout features is its emphasis on education and research tools. When it comes to choosing a broker, the vast majority of traders give the top priority to its reliability. A trustworthy broker needs to have sufficient experience in the field. Serious investors usually stick with respected brokerage services operating on the market for a long time. I was reluctant to entrust my hard-earned money to a young brokerage service. So, I learned that HYCM was started in 1977, I thought that a scam project could hardly exist in the industry for such a long period.

• And also the versatility and the alerts for important news.
• Despite the fact that the MT5 platform has more capabilities than MT4, the older platform still remains the most popular amongst traders.
• Clients complained of limited asset selection, issues with withdrawal, lack of a social trading platform, and copy trading features.
• After download and installation, traders agree to some standard disclosures and access the MT4 icon on their desktop.
• I started trading with HYCM with the educational program.
• I personally favour online payment processors such as Skrill and Neteller as they’re a faster method of funding.

What is the HYCM’s minimal deposit amount?

HYCM is a reputable broker offering a range of trading instruments, competitive spreads, and maximum leverage. The broker provides a user-friendly trading platform, excellent customer support, and various educational resources to help clients improve their skills and trading experience. I really appreciate to trade with this brokerage service because it has exceeded my expectations in terms of reliability. By the way, when I was making a decision to join this company, I didn’t know enough about this broker. They just told me that it’s an old but reliable broker and that’s all. So, having signed up, I opened a Raw account and started trading.

• You will learn how to anticipate and engage with the market shifting events and significant risk occurrences.
• Serious investors usually stick with respected brokerage services operating on the market for a long time.
• I really appreciate to trade with this brokerage service because it has exceeded my expectations in terms of reliability.
• As reviews told me, that’s an old broker with a 40-year experience.
• You know that today it’s possible to make fake reviews about any broker.
• This is due to the possibility that the payment method you select to fund your account will incur a cost.

HYCM trading platforms

All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with HYCM please share your personal review of the broker and what you think are strong and weak points.

Real stocks are available up for grabs for everyone who is fond of fundamental analysis.b) Diversity of accounts. Accounts with fixed or variable spreads, commission-based and so on.c) Diversity of trading platforms. Actually in this aspect the two of the most renowned platforms are more than enough.It’s not the complete list of diverse features of Hycm. The broker did a good job on assuring the tarnsparency of trading and relationship with its customers.

See all HYCM CFDs on indices:

Our HYCM broker review has found that you can trade more than 300 instruments across five asset classes on MetaTrader 4. EAs are easy to install on MT4 and do not require any third-party bridges. After careful research, our HYCM review team can confirm that this is a trustworthy broker with a strong reputation in the Forex community. Boasting a long and successful history, having been operational since 1977, HYCM also offers multi-jurisdictional regulation and has won 15 reputable awards over the years. At HYCM, you can enjoy over 300 trading instruments, execution speeds of under 12 milliseconds on average, and spreads from 0.2 pips. HYCM is a worldwide broker, with service providers in more than 140 countries and offices in leading global financial centers.

Overnight fees are charged at HYCM just as they are at every broker offering CFDs. For overnight fee rates you can check them with the broker at the time you are making the trade since they are fluid and vary depending on the market at any given time. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors hycm review lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.