HYCM Review 2
Warning to stay away from this broker. Signed up and was given professional status for the UK arm. Made $11,303.84 USD with them, without any warning they just withdrew it from my account, and a few hours later they terminated the agreement and have transferred back my original deposit only. Will be raising the issue with FCA, FOS and Traders court on FPA, and will consider legal advice from my litigator friend in London on the matter.
As the price on crude oil plummeted, I traded in HYCM , On April 14th, I received the email from the London headquarter which claimed that position-opening would be banned due to the price fluctuation. Thus, I had no idea but to close the position, suffering a loss of $9300. I was furious about it. What’s more, they didn’t realize the problem and even refuse the compensation.
