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HYCM

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5.6
(112 Reviews)

Founded: 1977 Min Deposit: 100 USD

Headquarters: England, United Kingdom Max Lev: 1 : 500

Risk Level I

The Malaysia SC and NSSMC add HYCM to its warning list.

Score
Business Scope
0.0
Trading Cost
6.3
Trading Platforms
6.3
Support
6.3
Licence Status

Good regulation

FCA 186171
CIMA 1442313
CySEC 259/14
Authorised
Authorised
Voluntary Renunciation
Contact
+44 2088167812
support@hycm.com
https://www.hycm.com/
Strict Regulation
Negative Balance Protection
Multilingual Support
Multi-regulation
Low Minimum Deposit
Long-established
Islamic Account
Multiple Trading Instruments
Bernhard Krebs
2022-11-18
I like the daily analysis news feed provided by the broker, which is very helpful for trading.
mannan
2022-10-11
Good performance, no lagging platform, acceptable trading conditions, in general, I haven’t found any special problems.
Heinrich
2022-10-24
hycm is not bad, mt4 is stable and works well, I also use them to trade with cryptocurrency through cfd currency, in this case, I'm very satisfied with their work.
AdminDailyforex
2022-08-07
There are too many quotations, they do not allow you to use EA, sell stop/buy stop loss, and the server is too busy during the data time. They also tend to change your profitable order to a loss, so be careful when editing closed orders!
saman
2022-11-02
I think HYCM is one of the biggest forex scammers. They refused to send my profits, instead they sent me some virtual wire transfers. My bank told me that this kind of wire transfer information doesn't exist. Now they neither answer my calls nor return my emails.
Joshua Faris
2023-06-28
It is convenient to recharge and withdraw money. A variety of terminals, the performance is normal, there are no malfunctions and freezes. I have no doubt to execute quickly. I feel lucky for HYCM. It is very comfortable to work.
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Broker News

HYCM UK's Revenues Decline but Net Profit Surges in FY2023 2024-06-24
HYCM UK reported revenues of £1.85 million in 2023, down slightly from £1.89 million in 2022. 
CySEC Announces Withdrawal of HYCM's CIF Authorization 2024-06-19
HYCM voluntarily renounced its CIF license with authorization number 259/14.
HYCM Europe Voluntarily Surrenders CIF License and Ceases Services for EU Clients 2024-03-29
The European subsidiary will no longer accept new clients or open new accounts for individuals from EU countries.

Deposit and Withdrawal

6.3

Average

No deposit and withdrawal fee

Features

Fast Deposit
Fast Withdrawal

See more
See more

Company and Service

7.1

Good

Long established and many branch offices

Features

Long-established
Multilingual Support
Profile
Headquarters Address
18 King William Street London, EC4N 7BP United Kingdom
Founded 1977
Broker Type
ECN,  MM/DD
Time Zone GMT
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android,  Webtrader
MT5
Windows,  iOS,  Android,  Webtrader
Contact
No Data
Others
Website Language
Arabic,  Chinese(Simplified),  Chinese(Traditional),  Czech,  English,  French,  German,  Italian,  Persian,  Polish,  Russian,  Spanish,  Swedish,  Vietnamese
Customer Service By
Email,  Live Chat,  CallBack,  Facebook,  Twitter,  Instagram,  LinkedIn,  Youtube,  Crunchbase
Supported Language
Arabic,  Chinese(Simplified),  Chinese(Traditional),  Czech,  English,  French,  German,  Italian,  Persian,  Polish,  Russian,  Spanish,  Swedish,  Vietnamese

Related Complaints

Q&A

what is hycm

George Michael
Latvia
2023-09-22
ANSWER HYCM, is a provider of Forex and Contracts for Difference (CFD). The company has been a part of the investment industry since 1977. HYCM offers a broad spectrum of currency pairs for trading, with a maximum leverage ratio of 1:500. In addition to currency pairs, the company also facilitates trading in stocks, indices, cryptocurrencies, and commodities.HYCM provides various account types to suit various trading styles, including Fixed, Classic, and Raw. It works with MT4&5. To enhance the trading knowledge of its clients, HYCM provides educational resources.HYCM's customer service is accessible through various communication channels, including email and telephone. The response time on their live chat is usually quite fast, with someone typically available to assist within a minute.It is important to note that trading carries inherent risks and may not be suitable for everyone. Therefore, potential investors are advised to conduct thorough research before making any investment decisions. To get more information about HYCM, please refer to our HYCM review.
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Is HYCM legit

Peter Lynch
Sweden
2023-10-08
ANSWER Yes, HYCM is legitimate.HYCM is an established brand and is regulated by several authorities, including:1) the Financial Conduct Authority (FCA) with FRN 186171;2) the Cyprus Securities and Exchange Commission (CySEC) with license number 259/14;3) the Cayman Islands Monetary Authority (CIMA) with RN 1442313;4) the Dubai Financial Services Authority (DFSA) with RN F000048;5) registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) with Reg number 25228 BC 2018.While HYCM has obtained multiple licenses, it is crucial to note that it has drawn a warning from the Securities Commission Malaysia (SC) for carrying on unregulated activities. Therefore, it's important to do thorough research and consider multiple sources before making a decision. Please note that investing in financial markets always carries risk, and you should only invest what you can afford to lose.
See more

Overall Score

5.6
112 Reviews

Cost 6.3

Platforms 6.3

Deposit & Withdrawal 6.3

Customer Support 6.3

Indicates the average level of Brokers

Keywords for selection
Advanced Trading Platform Fast Deposit/Withdrawal Fast Execution Good/Professional Customer Support No Slippage Non-Responsive Customer Support Powerful Tools Trading Assets Trading Conditions Unstable Server Connection Deposit/Withdrawal Problems Requote Problem Reliable & Reputable Promotions / Bonus Slippage Problems

112 Reviews Clear filter

Sort by
NattyThita
7-12 months Algeria
Good performance, no lagging platform, acceptable trading conditions, in general, I haven’t found any special problems
2024-11-21
Reply
JP
0-6 months Zambia
Since I am still new to the financial market, I need more insights to help me make a decision to buy or sell. On their website, they provided a short market commentary from their experts, which really contributed to my trading.
2024-09-24
Reply
Samuel B
7-12 months Antarctica
They are a group of scammers. I waited for 25 days and still didn't wait for my withdrawal.
2024-09-13
Reply
Clint
7-12 months Denmark
Most brokerage companies have various loopholes in their contracts to deceive clients. Seriously, there are only a handful of honest brokerage companies. This included HYCM. I opened an account in it almost immediately, then I deposited the account, then withdrew all the funds, and then recharged and then withdrawn, because I was more focused on reliability testing, so I have not done too much Trade more, but last month, I started to enjoy trading, I must say that execution is only an instant, I haven’t seen anything like this for a long time.
2024-09-06
Reply
Liza Bradshaw
1-3 years Estonia
I like the daily analysis news feed provided by the broker, which is very helpful for trading
2024-09-02
Reply
Johann du Toit
7-12 months Hungary
I think HYCM is one of the biggest forex scammers. they refused to send my profits, instead they sent me some virtual wire transfers. My bank told me that this kind of wire transfer information doesn't exist. Now they neither answer my calls nor return my emails
2024-08-30
1
Reply
Bilal Najeeb
7-12 months Classic Account United Arab Emirates
Its one of the greatest platform I have traded with
2024-08-29
Reply
Kyle Hunter
7-12 months Australia
There are too many quotations, they do not allow you to use EA, sell stop/buy stop loss, and the server is too busy during the data time. They also tend to change your profitable order to a loss, so be careful when editing closed orders!
2024-08-23
Reply
Lisa Hannover
7-12 months Angola
Too many off quotes, they do not allow your EA. They do not allow Sell Stop / Buy Stop, server too busy during the data time. They also tend to change your Profit orders to loss, they edit the closed orders. Be careful!
2024-08-07
Reply
Heri Ms
Over 3 years Cameroon
It is convenient to recharge and withdraw money. A variety of terminals, the performance is normal, there are no malfunctions and freezes. I have no doubt to execute quickly. I feel lucky for HYCM. It is very comfortable to work.
2024-07-30
Reply

1-10 of 112 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.