BROKER COMPARISON – HYCM

 

HYCM

 

                                A. FUNDS SAFETY 4.07
A.1 Regulation FSC (BVI) = 0 rating | CYSEC (Cyprus) = 0 rating | FFMS (RU) = 2 rating | RAFMM (RU) = 2 rating | CBI (IR) = 3 rating | ASIC (AU) = 4 rating | FSC (NZ) = 3 rating | FSA (UK) = 5 rating | BAFIN (GE) = 5 rating | NFA (US) = 5 rating | CFTC (US) = 5 rating 2.5 FCA CySec
A.2 Headquarters Offshore Countries = 0 | Cyprus and similar = 1 rating | EU area = 3 rating | Australia and similar = 4 rating | USA, Germany, UK, Switzerland and similar = 5 rating 5 3rd Floor, 28 Throgmorton Street, London EC2N 2AN,United Kingdom
A.3 Years of Operation 0-1 Years Operation = 0 rating | 2-5 Years Operation = 2.0 rating | 5-10 Years Operation = 4 rating | 10+ Years Operation = 5rating 5 Founded in 1977
A.4 Client Bank Account Segregation Yes Provided =  5 rating | No it isn’t Provided = 0 rating 5 Yes
A.5 Web Ratings (Used for differentiating rating results) ForexPeaceArmy Rating 1.923
A. 6 Fine from Regulator No = 5 rating | Yes = 0 rating 5 No
                               B. TRANSACTION COST 1.60
B.1  EURUSD Spread < 1 pip = 5 rating | <1.5 pip = 4 rating | < 2 pip = 3 rating | <2.5 pip = 2 rating | <3 pip = 1 rating 3 2.0
B.2  GBPUSD Spread < 1.5 pip = 5 rating | <2 pip = 4 rating | < 2.5 pip = 3 rating | <3 pip = 2 rating | <3.5 pip = 1 rating 2 2.7
B.3 USDJPY Spread < 1 pip = 5 rating | <1.5 pip = 4 rating | < 2 pip = 3 rating | <2.5 pip = 2 rating | <3 pip = 1 rating 2 2.5
B.4 Gold spread < 3 pip = 5 rating | <3.5 pip = 4 rating | < 4 pip = 3 rating | <4.5 pip = 2 rating | <5 pip = 1 rating 1 5
B.5 Funding Commissions No Funding Fees = 2.5 rating | Yes = 0 rating  | No Withdrawal fee = 2.5 rating | Yes = 0 rating 2.5 They charge $30 for every withdrawal transactions
                                 C. Executin 5.00
C.1 Execution ECN / DMA / STP Execution = 5 rating  | Dealing Desk Execution = 0 rating 5 No Dealing Desk Execution
C.2 Slippage on Execution Slippage  < 0.5 pip =  4 rating | < 0.75 pip =  3.5 rating | < 1 pip = 3 rating | < 1.25 pip =  2.5 rating | < 1.5 pip = 2.0 rating | < 1.75 pip =  1.5 rating | < 2.0 pip = 1.0 rating 5 No Slippage HYCM guarantees execution at that level, ensuring that there will be no negative slippage
                                 D. WITHDRAWAL 2.33
D.1 withdrawal speed < 1 business day = 5 rating | <2 business day = 4 rating | < 3 business day = 3 rating | <4 business day = 2 rating | <5 business day = 1 rating 5 within 1 day
D. 2 withdrawal issue no issue in the online = 5 rating  | 1~5 complains = 2 rating  | 5 above = 0 rating 2  check link (1)
D. 3 company withdrawal card Yes= 5 rating | No=0 rating 0 They don’t provide such cards
                                 E. Customer Service 3.67
E.1 local language CS or sales Yes= 5 rating | No=0 rating 5 Yes
E.2 Chat available Yes= 5 rating | No=0 rating 5 Yes
E.3 Avalable hour 24/7 Customer Support = 5 rating | 24/6 Customer Support = 4 rating | 24/5 Customer Support = 3 rating  | other = 1 rating 1 Not available for 24hrs
Total Average Rate 3.33

 

link (1): http://www.ratingfx.com/broker/hycm

Scoring Criteria: http://blog.land-fx.com/en/scoring/