About its history and mission
HYCM is a global forex and CFD broker that has been providing online trading services since 1977. It is part of the HY Group, a well-established financial services provider. The broker offers trading in various asset classes, including forex, stocks, commodities, indices, and cryptocurrencies. HYCM is regulated by multiple authorities, such as the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Dubai Financial Services Authority (DFSA), ensuring a high level of safety and credibility for its clients.
- Founded
- 1977
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- Low CFD fees
- Great educational content
- User-friendly account opening
Weaknesses
- Only forex and CFD products
- Trading platforms have outdated design
- Inactivity fee
Safety and Regulations
HYCM ensures the safety of its clients’ funds through the use of robust encryption technologies and client fund protection schemes. As a regulated broker, HYCM follows stringent financial laws and regulations, including the segregation of client funds from the company's operational funds. Additionally, HYCM's client accounts are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Regulators
- FCA
- CySEC
- DFSA
Instruments Available
Types of Accounts
Fixed
- Minimum deposit
- $0
- Commission
- 1.5
- Available tools
- 0
- Leverage
- 1:1 to 1:1000
- Margin call level
- 100
- Stop-out level
- 20
Classic
- Minimum deposit
- $0
- Commission
- 1.2
- Available tools
- 0
- Leverage
- 1:1 to 1:1000
- Margin call level
- 100
- Stop-out level
- 20
Raw
- Minimum deposit
- $0
- Commission
- 0.1
- Available tools
- 0
- Leverage
- 1:1 to 1:1000
- Margin call level
- 100
- Stop-out level
- 20
Fees and Charges
HYCM charges no commission on most trades, and traders can expect spreads starting from as low as 1.2 pips on the Micro Account. The Classic and VIP accounts offer lower spreads, starting from 0.2 pips. Additionally, there are fees for certain payment methods, and inactivity fees are applied to dormant accounts. It is essential to review the fee structure before choosing an account type.
Trading Platforms
MetaTrader 4 (MT4)
Known for its user-friendly interface, advanced charting tools, and automated trading capabilities. MT4 is available for desktop, mobile, and web trading.
MetaTrader 5 (MT5)
The upgraded version of MT4, with additional features such as more timeframes, an expanded order book, and enhanced charting tools.
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
Is HYCM a regulated broker?
What trading platforms are available?
What is the minimum deposit for opening an account?
What is the maximum leverage offered by HYCM?
Users reviews
Charles Maston
Feb 9, 2025
For the past five months, I've been participating in the HYCM affiliate program, and it's been quite an eye-opener. Before this, I had never ventured into earning in this manner. While I was familiar with the concept of passive income, I always dismissed it as something insignificant and only for those unwilling to put in real effort. However, as I delved deeper into the subject, I realized my initial assumptions were misguided. I discovered that many individuals were successfully supplementing their income with passive earnings, seamlessly integrating it with active trading. This revelation encouraged me to give it a shot. After all, there was nothing to lose. Even if it didn't pan out, there would be no financial risk involved, unlike an open trade. Additionally, reading positive reviews about HYCM affiliates motivated me to take that leap of faith. Initially, building a follower base was challenging, but after watching several tutorials on YouTube, I optimized my Telegram channel, which proved far more effective than Facebook.
Helsage
Feb 9, 2025
The brokerage provides three distinct account options tailored to meet the diverse needs of traders. As someone new to trading, I found the micro account to be ideal, requiring only a modest $100 to start. It offers access to 50 trading instruments and a leverage of up to 200, with fixed spreads starting at 1.8. For traders seeking improved spreads and additional features like trading signals, the standard account could be more suitable. This option requires a $1,000 minimum deposit, offers spreads as low as 1.5, and includes 120 available assets with leverage up to 200. For experienced traders, the VIP account is a premium choice, though it does come with a higher entry point of $10,000.
Ennic
Feb 8, 2025
This broker stands out by choosing not to lure clients with gimmicks like bonuses, gifts, or trading competitions. Instead, they focus on providing excellent trading conditions, including low spreads and quick order execution with minimal slippage. Their mobile app is also impressively designed and user-friendly. Overall, I believe this company is ideal for traders who are serious about making money and aren't looking for quick wins. It's a smart choice for those who value a stable and reliable trading environment.
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