HYCM Markets Review
HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA. HYCM has low forex and CFD trading fees. It offers a wide selection of quality educational tools. The account opening is easy and fully digital. On the flip side, HYCM's product portfolio is limited to forex and CFDs. Popular asset classes, such as real stocks, are missing. The broker uses MetaTrader trading platforms that have a slightly outdated design. Additionally, HYCM charges a $10 inactivity fee per month after 90 days of inactivity. BrokerChooser gave HYCM a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
HYCM Pros & Cons
Pros
​ Low forex and CFD fees
Great educational content
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User-friendly account opening
Cons
Only forex and CFD products
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Trading platforms have outdated design
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Inactivity fee
HYCM Overview
Type of Broker Non-Advisory/Executionary Broker (ECN/STP)
Regulation & Licensing Cyprus Securities and Exchange Commission Australian Securities and Investments Commission, Financial Services Authority (St Vincent & the Grenadines)
Clients Accepted from 170 countries around the world
Assets Offered Foreign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies
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Platforms Available MetaTrader 4, MetaTrader 5
Mobile Compatibility Android and iOS
Payment Types Accepted MasterCard, Visa, American Express, Bank Transfer, Broker Transfer , Skrill, Neteller, China Union Pay, Interac or wire transfer,
HYCM Account Types
Features
Raw Spread Account
Standard Account
Account Currencies
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD
Available Leverage
500:1
500:1
Minimum Deposit
$100
$100
Starting Spreads
1.2 Pips
1.2 Pips
Commission Per Trade
$0
$0
Min. Lot Size Per Trade
0.01
0.01
Max Lot Size Per Trade
102
102
Demo Account
Yes
Yes
Swap/Rollover Free Option
Islamic Account
Islamic Account
Copy Trading Support
Yes
Yes
HYCM Compliance & Regulation
Regulated by the FCA and CySEC and CIMA and represented globally in the United Kingdom, Hong Kong, Cyprus and Dubai, HYCM clients can be assured they are trading with a solid and secure company that provides one of the best trading experiences in the industry.
HYCM is regulated by the FCA, reference number 186171, to deal as a Principal in investments.
HYCM Ltd is regulated under CIMA, reference number 1442313.
The company’s European operations, HYCM (Europe) is regulated by the CySEC (licence number 259/14) and is authorised to operate as a Cypriot Investment Firm (CIF) to provide investment services.
Under the auspices of all above-mentioned jurisdictions, HYCM is permitted to deal in Contracts for Difference (CFDs), Rights to Interests in Investments, Rolling Spot Forex and Contracts, for professional and retail clients.
HYCM (DIFC) is incorporated in the United Arab Emirates and regulated by the Dubai Financial Services Authority (DFSA).