FCA-regulated forex and CFD broker with over 45 years of experience in the financial markets.
HYCM caters well to different experience levels. Their educational resources helped me learn forex trading fundamentals, and as I've grown, their advanced tools have supported my progression. The social trading feature is interesting for following experienced traders. Good overall package.
Pros: Education, social trading, progression-friendly
Cons: Social trading results can be misleading
As a full-time forex trader, I need a broker that can keep up. HYCM delivers with institutional-grade execution, deep liquidity, and competitive pricing. Their VPS hosting option ensures my automated strategies run 24/7. Withdrawals are processed within 24 hours. Can't fault them.
Pros: Institutional execution, VPS hosting, fast withdrawals
Cons: Minimum deposit higher than some competitors
Initially attracted to HYCM by their advertising. The headline spreads look great but in practice there are additional costs that aren't immediately obvious. I also get bombarded with promotional emails and phone calls encouraging me to deposit more. The trading itself is fine but the marketing tactics are off-putting.
Pros: Trading platform works adequately
Cons: Hidden costs, aggressive marketing practices
Been trading with HYCM for 18 months. What I value most is the regulation - knowing my funds are segregated and protected gives me confidence. Spreads are competitive on majors, slightly wider on exotics. The platform rarely goes down and trade execution is good. Solid choice.
Pros: Strong regulation, fund segregation, reliable platform
Cons: Exotic pair spreads could be tighter