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HYCM.com Rating

Forex Broker Ratings

HYCM RATING -Powered by the Rating Formula V.4.0.

The following Rating of HYCM is based on the Forex Brokers Formula v.4.0.

HYCM Rating Summary

The sum of each Main Factor of HYCM Rating Analysis (1, 2, 3, 4)

RATING SUMMARY
MAX ACHIEVED (%)
1.Safety of Funds 26.00% 23.36% 89.85%
2.HYCM Cost of Transaction 28.00% 14.00% 50.00%
3.HYCM Trading-Options 26.00% 20.60% 79.23%
4.HYCM Technological Efficiency 20.00% 15.00% 75.00%
Overall Rating 100.00% 72.96%

 

 

HYCM Rating Analysis

Analysis of each Sub-Factor forming HYCM total rating result.

RATING ANALYSIS HYCM
TOTAL RATING 100.0% HYCM Broker
Weight Analysis Factor Analysis 72.96% Analysis
1. SAFETY OF FUNDS at HYCM 26.00% RATING WEIGHT 23.36% HYCM Credibility Analysis
1.1 HYCM Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 10.00% HYCM is regulated by the Financial Conduct Authority (FCA) and MiFID=+4, Total = 10.0%
1.2 HYCM Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland = 5.0% 5.00% HYCM is based in London, UK = 5.0%
1.3 HYCM Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 5.00% HYCM was found in 1978 and went online 1999 (max years) = 5.0%
1.4 HYCM Segregated / Bank Accounts 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Yes, HYCM provides Segregated Bank Accounts to all clients = 2.0%
1.5 HYCM Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 % 1.36% HYCM FX FPA= 2.5 / 5.00 & Earn Forex= 8.6 /10.00, Total= 13.6 / 20.0 = Rating 1.36%
1.6 (+) ADJUSTMENTS
1.6.1 Size Factor 1.00% More than 1 Million Active Traders = +1.0 % 0.00% Criteria not met = 0% Rating
2. TRADING COST at HYCM 28.00% RATING WEIGHT 14.00% HYCM Competition Analysis
2.1 HYCM Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%, | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 3.00% Typical EURUSD spread is 1.8 pip = 3.0%
2.2 HYCM Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 0.50% Typical GBPUSD spread is 2.6 pips = 0.5%
2.3 HYCM Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 1.00% Typical USDJPY spread is 2.4 pips = 1.0%
2.4 HYCM Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 7.00% No commissions charged on the tested account types = 7.0%
2.5 HYCM Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %, | 1-Free / Month = 0.5 % 1.00% Some withdrawal commissions may be charged in some xase (50% rating) = 1.0%
2.6 HYCM Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 0.00% Yes Inactive Fees (Accounts without any activity for 90 consecutive days will be subject to a non-refundable monthly administration fee of $25) = 0.0%
2.7 (+) ADJUSTMENTS
2.7.1 HYCM Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 1.50% STP Order Execution = +1.5%
3. TRADING OPTIONS at HYCM 26.00% RATING WEIGHT 20.60% HYCM Trading Analysis
3.1 HYCM Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 3.60% HYCM offers 36 Forex Currencies = 3.6%
3.2 HYCM CFD and Spot Trading 2.00% CFD Trading = 2.0 % 2.00% HYCM offers CFD contracts trading = 2.0%
3.3 HYCM Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Demo account is available at HYCM = 2.0%
3.4 Leverage at HYCM 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0% 2.00% 300:1 max Trading Leverage = 2.0%
3.5 HYCM Bonus & Rebate 6.00% 5.00%
3.5.1 HYCM Bonus (%) Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% 1.00% 10% Welcome Bonus Policy by HYCM = 1.0%
3.5.2 HYCM Rebate (%) Rebate (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% 4.00% Trading Rebate $5 / lot (contact us for details) = 4.0%
3.6 HYCM Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 1.00% Minimum Deposit is $50 = 1.0%
3.7 HYCM Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.50% 5+ deposit methods by HYCM = 2.5%
3.8 HYCM Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.50% 5+ withdrawal methods by HYCM = 2.5%
3.9 (+) ADJUSTMENTS
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% 30+ Forex Currencies = +0%
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% No interest on client funds by HYCM = +0%
3.9.3 HYCM Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.00% No = +0%
4. HYCM TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 15.00% HYCM Technological Analysis
4.1 HYCM Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 4.00% HYCM offers 4 platforms (HY Webtrader, HY MT4, HY MT4 Webtrader, HYRPO Trader) = 4.0%
4.2 HYCM Slippage 4.00% Slippage < 0.5 pip = 4.0% | Slippage < 0.75 pip = 3.5% | Slippage < 1 pip = 3.0% | Slippage < 1.25 pip = 2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip = 1.5% | Slippage < 2.0 pip = 1.0% 2.00% Below 1.50 pips = 2.0%
4.3 HYCM Automated Trading 2.00% Yes = 2.0 % / No = 0 % 2.00% Yes, HYCM allows Expert Advisors = 2.0%
4.4 HYCM MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 2.00% MT4 platform is available at HYCM = 2.0%
4.5 HYCM Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices 1.50% MT4 App for iPhone, Windows and Android = 1.5%
4.6 HYCM Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 0.50% Only hedging is allowed = 0.5%
4.7 HYCM Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 3.00% 24/5 Customer service = 0%, eMail, Phone, Live Chat= 3.0%
4.8 (+) ADJUSTMENTS
4.8.1 HYCM PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.00% No PAMM accounts are not available yet = +0.0%
4.8.2 HYCM API Trading 0.50% Yes = 0.5 % / No = 0 % 0.00% No, API trading is not available at HYCM by the time of this rating = 0.0%

 

HYCM Special Metrics

These are the special metrics for HYCM according to the three categories of trading experience. The rating results are based on different weights of the same formula.

SPECIAL METRICS
Based on Seperated Sub-Formulas RATING (100%)
HYCM Overall Rating 72.96%
Forex Beginners 70.55%
Advanced Traders 70.16%
Pro Traders 67.89%

 

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