In this section we will tell you why You should NOT invest in HYCM. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about HYCM and tell you why we came to such a conclusion:
|🏠 Company*||HYCM Limited|
|️ Regulation||FCA, CySEC, DFSA & CIMA|
|does not have|
|📈 Platform||own platform|
|📌 Address||112 Bonadie Street, Kingstown, POB 613 Saint Vincent and the Grenadines|
⚠️ HYCM is owned by HYCM Limited, the company is located in Saint Vincent and the Grenadines, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Now we move on to analyze the account types that HYCM offers, in this case, we note that it does not offer account types.
Information on the web
HYCM provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, really not much more than this.
List of phone numbers
🚫 Final assessment of HYCM 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH HYCM.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
News about HYCM:
|Date||Update – news|
|October 2022||Complaint against HYCM of CYSEC.|
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with HYCM.
At the end of the review you will find customer comments.
How to Claim Money Scammed by HYCM
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report HYCM
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
Frequently Asked Questions
How can I report HYCM?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is HYCM a scam – is it a scam?
Yes. We believe that HYCM is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is HYCM reliable?
No. HYCM is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from HYCM?
If you want to know how to recover your capital, you can see it here!. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to HYCM?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.