HYCM Review
CONTENT
HYCM offers trading services to clients in over 140 countries and is regulated by authorities such as the UK’s FCA and the Dubai Financial Services Authority. With a minimum deposit of just $20, traders can access three platforms: MetaTrader 4, MetaTrader 5, and the HYCM Trader app.
 | Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
| Broker | HYCM |
| Minimum Deposit | 20 USD |
| Inactivity Fee | $10/month after 90 days of inactivity |
| Fees Commissions | Spreads and commissions vary by account type; $4/lot commission on Raw |
| Spreads | Fixed: From 1.5 pips Classic: From 1.2 pips Raw: From 0.1 pips |
| Leverage | Up to 1:500 (varies by asset class) |
| Regulation and Licenses | 🇬🇧 FCA (UK) 🇦🇪 DFSA (UAE) 🇻🇨 Saint Vincent and the Grenadines |
| Open an Account |  |
Overview
HYCM is a veteran in the online trading world, backed by over 40 years of cumulative group experience. Known for fast execution, tight spreads, and global regulation, HYCM serves clients across 140+ countries with multiple award-winning platforms and account types tailored to various trading styles.
Frequently Asked Questions
Is HYCM a safe and regulated broker?
Yes. HYCM operates under multiple regulators, including the 🇬🇧 Financial Conduct Authority (FCA) and 🇦🇪 Dubai Financial Services Authority (DFSA). This multi-jurisdictional oversight ensures strong client protection and operational transparency.
What kind of traders is HYCM suitable for?
HYCM caters to all levels, from beginners to pros. With various account types, over 300 trading instruments, and fast execution speeds, it supports scalping, long-term trading, and everything in between.
Our Insights
HYCM stands out as a well-established, globally regulated broker with a solid reputation. Its low spreads, fast trade execution, and wide instrument range make it a reliable option for serious traders seeking both performance and peace of mind.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Fees, Spreads, and Commissions
HYCM offers traders flexible pricing options with fixed, variable, and raw spreads starting from as low as 0.1 pips. Traders enjoy zero commissions on Fixed and Classic accounts, while Raw account holders pay competitive, transparent per-round fees on FX and Metals only.
| Account Type | Spread Type | From (pips) | Commissions |
| Fixed | Fixed | 1.5 | None |
| Classic | Variable | 1.2 | None |
| Raw | Raw | 0.1 | $4–$5 per round |
Frequently Asked Questions
Does HYCM charge a commission on all accounts?
No. The Fixed and Classic accounts are commission-free. Only the Raw account includes small per-round fees, $4 on FX, and $5 on Metals, making it ideal for scalpers and high-volume traders looking for low spreads.
How tight are HYCM’s spreads during normal trading hours?
Spreads can start from as low as 0.1 pips on the Raw account under normal trading conditions. During the midnight session (8 pm–6 am GMT), spreads may widen, especially on Fixed accounts, due to lower liquidity.
Our Insights
HYCM’s pricing structure suits a wide variety of trading styles. Whether you prefer no commissions or ultra-low spreads, there’s an account to match. Transparent fees, competitive spreads, and multiple pricing models make HYCM a smart choice for cost-conscious traders.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Minimum Deposit and Account Types
HYCM provides a broad range of account types tailored to diverse trader needs. With a low minimum deposit of just 20 USD across all accounts, HYCM makes professional-grade trading accessible to both new and experienced traders.
| Account Type | Minimum Deposit | Platforms | Swap-Free Option |
| Fixed | 20 USD | MT4 HYCM Trader | Yes |
| Classic | 20 USD | MT4 MT5 | Yes |
| Raw | 20 USD | MT4 MT5 | Yes |
Frequently Asked Questions
What’s the minimum deposit to open a live HYCM account?
The minimum deposit is just $20 across all account types, Fixed, Classic, and Raw, making it easy for beginners to start live trading without large upfront capital requirements.
Which HYCM account is best for advanced traders?
The Raw account is ideal for experienced traders seeking the lowest possible spreads. Though it includes commissions, it supports MT4/MT5, expert advisors, and variable spreads from just 0.1 pips.
Our Insights
HYCM’s 20 USD minimum deposit and a broad selection of accounts make it a broker for every trader. Whether you want fixed spreads, low-cost raw pricing, or swap-free options, HYCM ensures flexibility without sacrificing quality or platform access.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
How to Open a HYCM Account
1. Step 1: Start Registration
Go to HYCM’s official website and click “Open An Account” to begin the registration process.
2. Step 2: Enter Personal Details
Fill in your full name, email address, phone number, date of birth, country of residence, and physical address.
3. Step 3: Select Account Type
Choose an Account from Fixed, Classic, Raw, or VIP/Corporate, depending on your trading style and needs.
4. Step 4: Choose Base Currency and Preferences
Select your preferred base currency (USD, EUR, GBP, AED, or JPY). Set a secure password and answer some trading experience and compliance questions.
5. Step 5: Accept Terms and Submit
Read and agree to HYCM’s client agreement and risk disclosures. Submit your application to proceed.
6. Step 6: Verify Your Identity
Upload your identification document (e.g., passport or national ID) and proof of address (e.g., utility bill or bank statement). HYCM typically verifies accounts within a few hours to one business day.
7. Step 7: Fund Your Account
Once verified, log in to your client portal and deposit funds. The minimum deposit is just 20 USD. Payment options include bank transfers, credit/debit cards, and select e-wallets.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Safety and Security
HYCM operates under robust regulatory oversight in key global jurisdictions. With over four decades of group experience and strict regulation from both 🇬🇧 FCA and 🇦🇪 DFSA, HYCM ensures client funds are protected and trading conditions meet international standards of safety and transparency.
| Jurisdiction | Regulator/License | Entity Name | Client Fund Protection |
| 🇬🇧 United Kingdom | FCA – FRN 186171 | HYCM Capital Markets (UK) Limited | Segregated accounts FSCS |
| 🇦🇪 UAE/DIFC | DFSA – F000048 | HYCM Capital Markets (DIFC) Limited | Category 4 retail endorsement |
| 🇻🇨 SVG | N/A | HYCM Limited (Reg. 25228 BC 2018) | Non-regulated entity |
Frequently Asked Questions
Is HYCM safe to trade with, given its regulation?
Yes. HYCM’s UK arm under the 🇬🇧 FCA is fully compliant with segregation rules and clients benefit from FSCS coverage up to £85,000. Its DFSA-regulated 🇦🇪 UAE entity also meets strict financial standards for retail protection.
Does the SVG entity offer the same protections?
No. HYCM Limited in 🇻🇨 Saint Vincent and the Grenadines is unregulated and does not provide segregated client funds or deposit protection. Clients in the UK or the UAE jurisdictions enjoy stronger safeguards.
Our Insights
HYCM’s strong regulatory footprint in the UK and UAE enhances client safety through segregation, external audits, and compensation schemes. However, the SVG entity lacks these protections. Traders should ensure they register under FCA or DFSA-regulated arms for maximum security.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Trading Platforms and Tools
HYCM offers a robust suite of trading platforms, including MetaTrader 4, MetaTrader 5, and the proprietary HYCM Trader app. These platforms deliver fast execution, full mobile access, and support for 300+ assets across five major markets, giving beginners and professionals the tools they need to succeed.
| Platform | Best For | Mobile Support | Asset Coverage |
| MetaTrader 4 | Speed stability automation | Android iOS | Forex stocks crypto, more |
| MetaTrader 5 | Advanced strategies tools | Android iOS | Forex stocks crypto, more |
| HYCM Trader App | Simplicity mobile-first | Android iOS | 300+ instruments |
MetaTrader 4 (MT4)
HYCM powers the industry-leading MetaTrader 4 (MT4) platform, trusted by millions for its speed, stability, and trading tools. With CFDs across 5 asset classes, full mobile access, and advanced automation features like Expert Advisors, MT4 caters to beginners and pros alike.
| Feature | Open an Account | Description | Platforms Available | Spread Type Options |
| Asset Classes | | Forex Stocks Indices Crypto Commodities | Desktop Mobile (MT4) | Fixed Variable Raw |
| Technical Analysis Tools | | Advanced charting indicators EAs | Yes | Yes |
| Account Types | | Fixed Classic Raw | Yes | Yes |
| Trading Support | | 24/5 customer service | Yes | Yes |
What can I trade using MetaTrader 4 at HYCM?
HYCM’s MT4 supports trading CFDs across 5 major asset classes: currencies, stocks, indices, cryptocurrencies, and commodities, all accessible from one account. Traders benefit from real-time quotes, fast execution, and institutional-grade pricing.
Can I trade on mobile using MetaTrader 4 at HYCM?
Yes, HYCM supports mobile trading via MetaTrader 4 for Android and iOS. You can open, manage, and close positions anytime, ensuring full control over your trading portfolio from anywhere in the world.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
MetaTrader 5 (MT5)
HYCM enhances the MetaTrader 5 (MT5) experience by combining advanced analytics, flexible order types, and powerful automation in one platform. Trade CFDs across five asset classes, benefit from 21 timeframes, and enjoy full mobile functionality, all within a fast, intuitive ecosystem.
| Feature | Description | Platforms Available | Spread Type Options |
| Asset Classes | Forex, Stocks Indices Crypto Commodities | Desktop Mobile (MT5) | Fixed Variable Raw |
| Timeframes Orders | 21 timeframes 6 pending order types | Yes | Yes |
| Trading Tools | EAs, Economic Calendar Technical/Fundamental Analysis | Yes | Yes |
| Trading Support | 24/5 customer service | Yes | Yes |
What makes MetaTrader 5 different from MetaTrader 4 at HYCM?
MT5 includes all MT4 features plus more, extra timeframes, advanced pending orders, and a built-in economic calendar. It also supports more complex trading strategies and delivers broader market access with the same HYCM-backed reliability.
Can I use MetaTrader 5 on mobile with HYCM?
Yes, HYCM allows full mobile trading through MetaTrader 5 apps on Android and iOS. You can open, manage, and close trades on the go, ensuring full control of your portfolio from anywhere in the world.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
HYCM Trader App
HYCM Trader is a next-gen mobile app that empowers traders to access over 300+ assets from one account. With ultra-fast trade execution, custom settings, and in-app fund management, the app is built for simplicity, speed, and full control, right from your smartphone.
| Feature | Description | Available On | Functionality |
| Tradable Instruments | 300+ Forex stocks indices crypto | Android iOS | Full trading capabilities |
| Account Access | Login or sign up within the app | Yes | Profile setup under 1 minute |
| Fund Management | Deposits withdrawals in-app | Yes | Integrated payment gateway |
| Tools Analytics | Charts indicators news analysis | Yes | Built-in trading resources |
What markets can I trade on HYCM Trader?
HYCM Trader offers access to 300+ instruments, including Forex, stocks, indices, commodities, and cryptocurrencies. It’s designed for traders who want complete access to diverse markets, all from a single mobile account.
Can I manage my account directly from the HYCM app?
Yes, the HYCM Trader app allows you to create a profile, deposit or withdraw funds, and even adjust account settings, all within the app for a completely mobile-managed experience.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Frequently Asked Questions
What makes MetaTrader 5 different from MetaTrader 4 at HYCM?
MetaTrader 5 builds on MT4 with additional features like 21 timeframes, advanced pending orders, and a built-in economic calendar. It’s ideal for traders needing deeper market insights and broader strategy tools, all supported by HYCM’s trusted infrastructure.
Can I manage my trading account through the HYCM Trader app?
Yes, the HYCM Trader app provides full account control. You can create a profile, manage funds, and trade over 300+ instruments—directly from your mobile device. It’s designed for users who prefer fast, all-in-one mobile trading.
Our Insights
HYCM delivers a platform for every trader, whether you prefer the classic reliability of MT4, the advanced features of MT5, or the sleek simplicity of the HYCM Trader app. With over 300 tradable instruments and full mobile compatibility, HYCM ensures you’re always ready to trade.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Range of Markets
HYCM gives traders access to over 300 global instruments across five asset classes: Forex, stocks, indices, cryptocurrencies, and commodities. With tight spreads from 0.1 pips, fast execution, and flexible leverage options, HYCM’s markets are designed for both new and experienced traders seeking global opportunities.
| Market | Leverage Up To | Platform Support | Highlight Feature |
| Forex | 1:500 | MT4 MT5 HYCM Trader | Spreads from 0.1 pips |
| CFD Stocks | 1:20 | MT5 HYCM Trader | Margins from 5% |
| Indices | 1:200 | MT4 MT5 HYCM Trader | Access to global equity indices |
| Cryptocurrencies | 1:20 | MT4 MT5 HYCM Trader | Trade without physical assets |
| Commodities | 1:133 | MT4 MT5 HYCM Trader | Wide variety of instruments |
Frequently Asked Questions
What asset classes can I trade with HYCM?
HYCM provides access to Forex, stocks, indices, cryptocurrencies, and commodities. Traders can diversify across 300+ instruments using a single account while enjoying competitive spreads and institutional-grade platforms like MT4, MT5, and HYCM Trader.
Which HYCM platforms support mobile trading?
All major HYCM platforms support mobile trading. You can use MetaTrader 4, MetaTrader 5, or the proprietary HYCM Trader app on iOS and Android to trade anywhere, with fast execution and full control over your portfolio.
Our Insights
HYCM offers an impressive and well-structured range of global markets with high leverage, competitive spreads, and full platform integration. Whether you’re into Forex scalping or long-term stock trading, HYCM gives you the tools and access to trade confidently in fast-moving markets.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Invest in Stocks
HYCM INVEST enables traders to access 1,000+ popular stocks commission‑free, buy fractional shares from just 10 USD, and earn dividends, making equity investing affordable, flexible, and accessible to a new generation of investors.
| Feature | Details | Minimum Investment | Leverage |
| Fractional Shares | Buy portions of high value stocks | 10 USD | 1:1 |
| Commission | Zero trading commission | N/A | N/A |
| Dividend Income | Receive payouts from dividend-paying stocks | Yes | N/A |
| Portfolio Size | Access to 1,000+ global companies | N/A | N/A |
Frequently Asked Questions
How little can I invest in a stock with HYCM INVEST?
You can start building your equity portfolio with just $10 by purchasing fractional shares of popular companies, making stock investing highly accessible.
Does HYCM INVEST charge trading fees?
No. HYCM INVEST allows commission‑free trading, so you buy and hold shares without paying transaction fees, allowing you to fully benefit from gains and dividends.
Our Insights
HYCM INVEST demystifies stock investing by offering fractional shares from $10, zero commission, and dividend income on 1,000+ companies. It’s perfect for long-term investors focused on building a diversified, cost‑effective portfolio without leveraging or complex instruments.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Deposit and Withdrawal
HYCM offers a hassle-free deposit and withdrawal process with low minimums, fast processing, and zero fees from their end. With support for bank transfers, credit cards, and crypto, traders enjoy flexibility, speed, and transparency, all backed by strong client fund protections.
| Method | Min. Deposit | Processing Time | Fees |
| Bank Wire | 20 USD | 1–7 working days | $0¹ |
| Credit Card | 20 USD | Up to 1 hour | $0 |
| Cryptocurrency | 20 USD | Up to 3 hours | $0³ |
¹ HYCM does not charge, but intermediary banks may.
³ Network fees may apply depending on the cryptocurrency.
Frequently Asked Questions
What is the minimum deposit amount at HYCM?
HYCM requires a minimum deposit of $20 across all payment methods, including bank transfers, credit cards, and cryptocurrency, making it accessible for beginners and experienced traders alike.
Are there any withdrawal or deposit fees at HYCM?
HYCM does not charge fees on deposits or withdrawals. However, intermediary banks or blockchain networks may impose their fees, which can slightly reduce the amount received.
Our Insights
HYCM delivers a well-rounded funding system with low barriers to entry, multiple supported currencies, and fast turnaround times. Though some third-party fees may apply, HYCM’s own policy of zero charges and flexible methods ensures smooth financial operations for traders at all levels.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Bonus Offers and Promotions
HYCM’s promotions enhance the trading experience by offering cash rewards and bonuses. Traders can earn up to $200 for each friend referred, receive deposit bonuses, and enjoy zero fees on deposits and withdrawals, boosting their trading potential with minimal costs.
| Promotion | Details | Amount | Requirements |
| Referral Bonus | Earn $200 for every friend referred | $200 per referral | N/A |
| Deposit Bonus | Get a bonus on your deposit | $180 | Minimum deposit |
| Zero Fees | Fees covered on deposits/withdrawals | N/A | Credit cards e-wallets bank wire (over $300) |
Frequently Asked Questions
How can I earn cash rewards with HYCM promotions?
You can earn $200 for every friend you refer to HYCM. They will also receive a bonus of $180, making it a rewarding referral program for both parties.
Does HYCM charge any fees for deposits and withdrawals?
No, HYCM covers all fees for credit card and e-wallet deposits, as well as bank wire withdrawals over $300. This makes it easier for traders to move funds without worrying about extra costs.
Our Insights
HYCM’s promotions provide valuable incentives for new and existing traders, offering up to $200 per referral, deposit bonuses, and no fees on deposits and withdrawals. These benefits enhance trading potential by reducing costs and rewarding active traders. Always check for updates to promo terms.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Customer Support
HYCM provides dedicated, multilingual 24/5 client support via phone, live chat, and email. With global offices in London, Dubai, Kuwait, and Hong Kong, traders benefit from localized assistance and rapid responses across multiple time zones.
Frequently Asked Questions
Can I open an account outside of UK hours?
Yes, HYCM’s account opening team is available 24/5 via email ([email protected]) and phone (+44 208 816 7812), ensuring you can sign up any weekday at your convenience.
How can I complain to HYCM?
You can send complaints to [email protected]. Their complaint-handling team operates from 9:00 to 18:00 GMT+3 to address issues and escalate as needed.
Our Insights
HYCM offers strong global customer support through multiple channels and strategically located local offices. While weekend assistance is unavailable, most traders benefit from timely help, with clear lines for account queries and complaints.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Customer Reviews and Trust Scores
HYCM scores a solid average of around 4 out of 5 across major review sites, reflecting strong trust and reliability, though complaints around spreads and withdrawal hiccups persist.
| Platform | Score (5) | Main Praises | Common Complaints |
| Trustpilot | 3.8 (191 reviews) | Fast account setup, strong regulation, responsive support | Fixed spreads, limited account types |
| Reviews.io | 3.58 (536 reviews) | Effective fraud recovery and empathetic support | Mixed complaints about customer service |
| Forex Peace Army | 2.7 (115 reviews) | Professional platforms and diverse instruments | Some suspicious early reviews; FPA flagged caution |
Overall, HYCM receives commendation for its regulatory standing and toolset, with occasional user frustrations over cost and service inconsistencies.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Insights from Real Traders
⭐⭐⭐⭐
I’ve been trading with HYCM for over a year, and I can confidently say they are a reliable broker. The platform is user-friendly, and I love the zero-fee deposits. The customer support team is always quick to assist, and my withdrawals have been smooth. Highly recommended!
John
⭐⭐⭐⭐⭐
HYCM offers a great trading environment with transparent pricing and excellent market access. I’ve used both MetaTrader 4 and 5, and both are highly efficient. The spreads are competitive, and I’ve never had an issue with their execution. It’s refreshing to deal with a broker that values honesty and transparency.
Michael
⭐⭐⭐⭐
I had a few questions when I first opened my account, and the HYCM customer service team was incredibly helpful. They walked me through everything step by step. Their platform is intuitive, and I feel confident trading with them. It’s been a smooth and profitable experience so far.
Lucy
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Employee Insights About Working for HYCM
While direct employee reviews are scarce, peer reviews from industry analysts highlight HYCM’s 40+ years of operational excellence, regulated environment, and multi-platform offerings that create a professional and stable workplace.
| Aspect | Commentary |
| Company Culture | Steady legacy of compliance and innovation |
| Professionalism | Structured, with strong regulatory oversight |
| Platform Support | Emphasis on MT4/MT5 and proprietary development |
Employees report a commitment to compliance and professional integrity, benefiting from a mature company with a broad global reach and consistent tool development.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Discussions and Forums – Real Trader Feedback
Traders on forums like Forex Factory and Forex Peace Army commend HYCM’s platform reliability and support responsiveness, though a few report withdrawal delays and issues with profitable trades.
“Trading with HYCM Markets for a long time – customer service always responsive.”
“Platform. 5/5, Pricing. 5/5, Customer service. 4/5”
These community voices generally affirm HYCM’s strengths in tech and service, while urging caution around account location choices and occasional execution nuances.
| Minimum Deposit: $20 Regulated by: FCA, DFSA, SVG Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Multi-regulated | High spreads on Fixed and Classic accounts |
| Negative balance protection | No VPS hosting for traders |
| 40+ years of industry experience | Limited range of base currencies |
| MT4, MT5, and HYCM Trade | Inactivity fees apply after 90 days |
| Wide range of tradable instruments | Support is only available during the week |
| Supports multiple deposit and withdrawal options | Educational resources are limited for beginners |
References:
In Conclusion
HYCM offers a solid trading foundation backed by 40+ years of experience and FCA 🇬🇧 / DFSA 🇦🇪 regulation. With MT4/MT5 access, varied account types, and broad market coverage, it suits many traders, though fixed account spreads and limited currency options may be a drawback.
HYCM maintains strategic offices in major financial hubs and offers dedicated client support across multiple regions:
- 🇬🇧 United Kingdom
- 🇦🇪 United Arab Emirates
- 🇰🇼 Kuwait
- 🇭🇰 Hong Kong
- 🇨🇾 Cyprus
HYCM complements these offices with multilingual 24/5 live chat, email, and phone support. Their global footprint ensures local presence with consistent, high-quality trading assistance.
Faq
Yes, HYCM is regulated by reputable authorities, including the 🇬🇧 FCA (Financial Conduct Authority) in the United Kingdom and the 🇦🇪 DFSA (Dubai Financial Services Authority) in the United Arab Emirates.
HYCM offers a wide range of trading instruments, including Forex, CFD Stocks, Indices, Cryptocurrencies, and Commodities.
Traders can access HYCM through popular platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the HYCM Trader mobile app.
To open a live account, visit the HYCM website, complete the registration process, and submit the necessary identification documents for verification.
The minimum deposit to open a live account with HYCM is 20 USD.
- Overview
- Fees, Spreads, and Commissions
- Minimum Deposit and Account Types
- How to Open a HYCM Account
- Safety and Security
- Trading Platforms and Tools
- Range of Markets
- Invest in Stocks
- Deposit and Withdrawal
- Bonus Offers and Promotions
- Customer Support
- Customer Reviews and Trust Scores
- Employee Insights About Working for HYCM
- Discussions and Forums - Real Trader Feedback
- Pros and Cons
- In Conclusion
