HYCM Review

 

Overall, HYCM can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 300+ trading instruments with a trust score of 90 out of 100. HYCM is fully regulated by the Financial Conduct Authority (FCA).

 

🔎 Broker	🥇 HYCM
🔖 Year Founded	1998
👤 Amount of Staff	200 - 500
👥 Active Traders	Not disclosed
📌 Publicly Traded	None
🛡️ Regulation	FCA (UK), DFSA (UAE), SVG (St. Vincent and the Grenadines)
🌎 Country of Regulation	UK, UAE, St. Vincent and the Grenadines
⭐ Safety and Security	Yes, multi-regulated with client fund segregation
🔃 Account Segregation	✅Yes
↪️ Negative Balance Protection	✅Yes
🚩 Investor Protection Schemes	None Specified
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	✅Yes
💴 Minor Account Currencies	USD, EUR, GBP, AED
💶 Minimum Deposit	$20
⏰ Average Deposit/Withdrawal Processing Time	Deposit: 1 hour (up to 1 hour for most methods), Withdrawal: 24 hours (up to 1-4 working days for wire transfers)
💵 Fund Withdrawal Fee	None
📈 Spreads From	0.1 pips
📉 Commissions	$8 per round turn, $4 per side (Raw account)
📊 Number of Base Currencies Supported	4 (USD, EUR, GBP, AED)
💹 Swap Fees	Yes, depends on the product
💱 Leverage	Up to 1:500 for major forex pairs, varying for other asset types
📌 Margin Requirements	20% for standard accounts (stop-out level at 100%)
☪️ Islamic Account	✅Yes
🆓 Demo Account	✅Yes
🕐 Order Execution Time	12 ms
♒ VPS Hosting	None
📔 CFDs Total	300+
📚 CFD Stock Indices	15+
🍊 CFD Commodities	14
📒 CFD Shares	150+
💳 Deposit Options	Bank Transfer, Crypto, Neteller, Skrill, Credit/Debit Cards, AstroPay, WebMoney, ZotaPay, Pay Trust
💰 Withdrawal Options	Same as deposit options
🖥️ Trading Platforms	MT4, MT5, HYCM Trader
🖱️ OS Compatibility	Windows, MacOS, iOS, Android
⚙️ Forex Trading Tools	Trading signals, market analysis, economic calendar, charting tools
🥰 Live Chat	✅Yes
💌 Support Email	support@hycm.com
☎️ Contact Number	+44 208 816 7812
🐦 Social Media	Facebook, X, LinkedIn, Instagram, YouTube, Crunchbase, Discord
🗯️ Languages	English, Arabic, Farsi, Chinese, Italian, French, Spanish, Vietnamese, Polish, Russian, Dutch
📑 Forex Course	None
🗃️ Webinars	✅Yes
🗄️ Educational Resources	Yes, video library, market analysis reports, some tutorials
🫰🏻 Affiliate Program	✅Yes
🫶 Amount of Partners	Not disclosed
🤝 IB Program	✅Yes
💡 Sponsors	Not disclosed
🎁 Rebate Program	✅Yes
🅰️ Cent Accounts	None
🅱️ Micro Accounts	✅Yes
❤️ Suitable for Beginners	✅Yes
😎 Suitable for Professionals	✅Yes
⚡ Suitable for Active Traders	✅Yes
🔋 Suitable for Scalpers	None
🌞 Suitable for Day Traders	✅Yes
🚀Open an Account	👉 Open Account

 

HYCM Review – Analysis of Brokers’ Main Features

 

1. ☑️ Overview
2. ☑️ Detailed Summary
3. ☑️ Safety and Security
4. ☑️ Bonus Offers and Promotions
5. ☑️ Affiliate Program
6. ☑️ Minimum Deposit and Account Types
7. ☑️ How to open an HYCM Account
8. ☑️ Trading Platforms
9. ☑️ Financial Instruments and Market Hours
10. ☑️ Trading and Non-Trading Fees
11. ☑️ Leverage and Margin Requirements
12. ☑️ Deposit and Withdrawals
13. ☑️ Educational Material
14. ☑️ Awards and Recognition
15. ☑️ Customer Support
16. ☑️ HYCM vs. AvaTrade vs. OANDA
17. ☑️ Pros and Cons
18. ☑️ Conclusion
19. ☑️ Frequently Asked Questions

 

Overview

HYCM is one of those brokers that has been around for decades, and it says a lot in the fast-changing world of trading. It operates under the Henyep Group, a global financial firm established in 1977.

With its roots firmly in London, HYCM has grown to serve traders across more than 140 countries. Over the years, it has built a reputation for being dependable and accessible, so it’s still going strong.

What sets HYCM apart is how widespread it is. They’ve got offices in major financial centers like London, Dubai, and Hong Kong, giving them a solid international presence. This setup isn’t just for show—it’s practical.

Having A footprint helps them connect with a diverse range of traders, offering services in several languages, including English, Arabic, and Chinese.

 

Frequently Asked Questions

 

How long has HYCM been in business?

HYCM has been around for several decades, since its establishment in 1977 under the Henyep Group. It has earned a reputation for being a reliable broker in the fast-paced trading world.

 

In which countries does HYCM operate?

HYCM serves traders in over 140 countries, thanks to its strong international presence with offices in major financial centers such as London, Dubai, and Hong Kong.

 

What makes HYCM different from other brokers?

HYCM stands out due to its long history, solid global presence, and commitment to providing dependable and accessible services. Their offices are in key financial hubs, and their multilingual support makes them accessible worldwide to a broad range of traders.

 

What languages does HYCM offer support in?

HYCM offers support in several languages, including English, Arabic, and Chinese, helping them cater to traders from diverse linguistic backgrounds.

 

Our Verdict

HYCM is a trusted and well-established broker with decades of experience in the trading world. Its extensive global presence, combined with multilingual support and a long history of reliability, makes it a solid choice for traders worldwide. If you’re looking for a broker with a proven track record, HYCM is a strong contender.

 

 

Detailed Summary

 

🔎 Broker	🥇 HYCM
🔖 Year Founded	1998
👤 Amount of Staff	200 - 500
👥 Active Traders	Not disclosed
📌 Publicly Traded	None
🛡️ Regulation	FCA (UK), DFSA (UAE), SVG (St. Vincent and the Grenadines)
🌎 Country of Regulation	UK, UAE, St. Vincent and the Grenadines
⭐ Safety and Security	Yes, multi-regulated with client fund segregation
🔃 Account Segregation	✅Yes
↪️ Negative Balance Protection	✅Yes
🚩 Investor Protection Schemes	None Specified
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	✅Yes
💴 Minor Account Currencies	USD, EUR, GBP, AED
💶 Minimum Deposit	$20
⏰ Average Deposit/Withdrawal Processing Time	Deposit: 1 hour (up to 1 hour for most methods), Withdrawal: 24 hours (up to 1-4 working days for wire transfers)
💵 Fund Withdrawal Fee	None
📈 Spreads From	0.1 pips
📉 Commissions	$8 per round turn, $4 per side (Raw account)
📊 Number of Base Currencies Supported	4 (USD, EUR, GBP, AED)
💹 Swap Fees	Yes, depends on the product
💱 Leverage	Up to 1:500 for major forex pairs, varying for other asset types
📌 Margin Requirements	20% for standard accounts (stop-out level at 100%)
☪️ Islamic Account	✅Yes
🆓 Demo Account	✅Yes
🕐 Order Execution Time	12 ms
♒ VPS Hosting	None
📔 CFDs Total	300+
📚 CFD Stock Indices	15+
🍊 CFD Commodities	14
📒 CFD Shares	150+
💳 Deposit Options	Bank Transfer, Crypto, Neteller, Skrill, Credit/Debit Cards, AstroPay, WebMoney, ZotaPay, Pay Trust
💰 Withdrawal Options	Same as deposit options
🖥️ Trading Platforms	MT4, MT5, HYCM Trader
🖱️ OS Compatibility	Windows, MacOS, iOS, Android
⚙️ Forex Trading Tools	Trading signals, market analysis, economic calendar, charting tools
🥰 Live Chat	✅Yes
💌 Support Email	support@hycm.com
☎️ Contact Number	+44 208 816 7812
🐦 Social Media	Facebook, X, LinkedIn, Instagram, YouTube, Crunchbase, Discord
🗯️ Languages	English, Arabic, Farsi, Chinese, Italian, French, Spanish, Vietnamese, Polish, Russian, Dutch
📑 Forex Course	None
🗃️ Webinars	✅Yes
🗄️ Educational Resources	Yes, video library, market analysis reports, some tutorials
🫰🏻 Affiliate Program	✅Yes
🫶 Amount of Partners	Not disclosed
🤝 IB Program	✅Yes
💡 Sponsors	Not disclosed
🎁 Rebate Program	✅Yes
🅰️ Cent Accounts	None
🅱️ Micro Accounts	✅Yes
❤️ Suitable for Beginners	✅Yes
😎 Suitable for Professionals	✅Yes
⚡ Suitable for Active Traders	✅Yes
🔋 Suitable for Scalpers	None
🌞 Suitable for Day Traders	✅Yes
🚀Open an Account	👉 Open Account

 

Frequently Asked Questions

 

What are the regulatory bodies overseeing HYCM?

HYCM is regulated by several reputable authorities, including the FCA (UK), DFSA (UAE), and SVG (St. Vincent and the Grenadines), ensuring a secure and trustworthy trading environment for its clients.

 

What is the minimum deposit requirement to start trading with HYCM?

The minimum deposit to open an account with HYCM is $20, making it accessible for both beginner and experienced traders.

 

Does HYCM offer Islamic accounts?

Yes, HYCM provides Islamic accounts, allowing traders who follow Islamic principles to trade without interest-based fees.

 

What are the account types and trading tools available at HYCM?

HYCM offers several account types, including managed accounts and micro accounts, along with advanced trading tools such as trading signals, market analysis, economic calendars, and charting tools. They also support popular platforms like MT4, MT5, and HYCM Trader.

 

Our Verdict

HYCM stands out as a reliable and regulated broker with a strong international presence. With its low minimum deposit requirement, multiple account types (including Islamic accounts), and a solid range of trading tools, it caters to both beginner and professional traders. Its multi-regulated status and client fund segregation further enhance its reputation for safety and security. If you’re looking for a versatile broker with good support and competitive trading conditions, HYCM is a solid choice.

 

 

Safety and Security

HYCM operates under a strict compliance framework, giving traders confidence in their safety and protection.

With licenses from well-respected authorities such as the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA), HYCM has ensured its operations meet the highest standards.

 

 

🔎 Regulators	FCA (UK), DFSA (UAE), SVG registration
⭐ Client Fund Segregation	✅Yes
🪫 Negative Balance Protection	✅Yes
📌 Compliance Standards	AML and KYC policies actively enforced

 

Regulatory Licenses and Oversight

HYCM Capital Markets (UK) Limited is authorized and regulated by the FCA (Reference Number: 186171), ensuring rigorous financial and operational standards compliance.

In Dubai, HYCM Capital Markets (DIFC) Limited operates under the DFSA, further solidifying its reputation for regulatory compliance. Both entities prioritize transparency, accountability, and the protection of client funds.

Additionally, HYCM Limited is registered in Saint Vincent and the Grenadines, providing broader operational flexibility.

 

Client Fund Protection

HYCM safeguards client funds by implementing segregation protocols, meaning your trading funds are kept separate from the broker’s operating accounts. Negative balance protection also ensures that traders never lose more than their initial investment, even in volatile markets.

 

Frequently Asked Questions

 

What regulatory bodies oversee HYCM’s operations?

HYCM is regulated by several reputable authorities, including the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA), ensuring that its operations meet strict compliance and financial standards.

 

How does HYCM protect client funds?

HYCM implements client fund segregation, ensuring that your trading funds are kept separate from the broker’s operating accounts. This adds an extra layer of protection for traders’ funds.

 

Does HYCM offer negative balance protection?

Yes, HYCM offers negative balance protection, which ensures that traders will never lose more than their initial investment, even during periods of high market volatility.

 

Where is HYCM registered?

HYCM is registered in Saint Vincent and the Grenadines, in addition to being regulated by the FCA and DFSA, providing it with greater operational flexibility while maintaining high standards of client protection.

 

Our Verdict

HYCM prioritizes safety and security, with strong regulatory oversight from top-tier authorities like the FCA and DFSA. Its use of client fund segregation and negative balance protection further enhances its trustworthiness, making it a reliable choice for traders concerned about the security of their investments.

If regulatory compliance and fund protection are important to you, HYCM offers peace of mind for safe trading.

 

 

Bonus Offers and Promotions

HYCM offers exciting bonus opportunities through its “Refer a Friend” program, allowing both referrers and referred friends to earn rewards.

 

🔎 Bonus Type	🎁 Maximum Bonus	⭐ Eligibility	📌 Conditions
💴 Referrer Cash Reward	$200 per referral	Active and approved trading account	Successful referral with completed steps
💶 Referred Friend Deposit Bonus	$180	Referred friend makes a qualifying deposit	Minimum $500 deposit
💵 Additional Bonus for Referred Friend	20% of deposit, up to $5,000	Friend deposits more than the minimum	For deposits above $500
💷 Extra Reward for Referrers	$1,000	Referred 5 qualifying friends	Refer 5 friends who meet bonus terms

 

Steps to Refer Friends

• Ensure that you have an active and approved trading account with HYCM.
• Access your unique referral link via the “Share Now” button in your HYCM account.

 

Share the link with friends and invite them to join HYCM.

 

Frequently Asked Questions

 

How can I earn bonuses through the HYCM Refer a Friend program?

You can earn up to $200 per successful referral, plus additional bonuses for referred friends, including up to $180 for their deposit and up to $5,000 depending on their deposit size.

 

What are the eligibility requirements for the Refer a Friend bonus?

To qualify as a referrer, you must have an active and approved trading account with HYCM. Your referred friend must make a qualifying deposit of at least $500.

 

How much can I earn as a referrer through the program?

You can earn up to $200 per successful referral, and an additional $1,000 for referring 5 qualifying friends who meet the program’s terms.

 

What are the conditions for the referred friend to qualify for a bonus?

The referred friend must deposit at least $500 to receive a $180 bonus. If the deposit exceeds $500, the referred friend can also receive a 20% bonus on their deposit, up to $5,000.

 

Our Verdict

HYCM’s Refer a Friend program offers generous bonuses for both referrers and referred friends, making it a great opportunity to earn rewards while inviting others to join. With clear eligibility requirements and substantial bonus amounts, it’s a win-win for active traders looking to expand their networks.

 

 

Affiliate Program

HYCM’s affiliate program offers three partnership options: Affiliate, Introducing Broker (IB), and White Label. Each partnership offers its unique benefits, from commissions to personalized support.

 

🔎 Partnership Type	🔑 Key Features	📊 Commission Structure
🫰🏻 Affiliate Program	Mobile-optimized tools, 24/7 analytics, dedicated manager	CPA-based commissions
🫶 Introducing Brokers (IB)	Multi-level rebate tiers, free market reviews, local office support	Rebates based on referred clients
🤝 White Label Partners	Customized branded platform, turnkey solution, flexible compensation	Negotiable compensation plans

 

Frequently Asked Questions

 

What is the HYCM Affiliate Program?

The HYCM Affiliate Program provides mobile-optimized tools, 24/7 analytics, and dedicated account managers to help you grow your network. Affiliates earn commissions based on a Cost-Per-Action (CPA) model, allowing for flexible earning opportunities.

 

How does the Introducing Brokers (IB) program work?

Introducing Brokers can benefit from multi-level rebate tiers, free market reviews, and local office support. Commissions are earned through rebates based on the number of clients referred to HYCM, making it a great opportunity for those with a strong network.

 

What are White Label Partnership benefits?

White Label Partners get a fully customized branded platform, a turnkey solution, and flexible compensation plans. This option is ideal for businesses looking to offer their own branded trading services while benefiting from HYCM’s infrastructure.

 

How do the commission structures work for each partnership type?

Affiliates earn CPA-based commissions, IBs earn rebates from referred clients, and White Label Partners can negotiate customized compensation plans. Each program offers a unique way to earn based on the level of involvement and client referrals.

 

Our Verdict

HYCM’s partnership programs offer a variety of earning potential for those looking to collaborate with the broker. Whether you prefer a straightforward CPA model, multi-level rebates, or a fully branded solution, there’s an option that caters to different business needs and strategies.

 

 

Minimum Deposit and Account Types

HYCM gives traders several account options, each with its own set of features. These accounts cater to different trading styles while keeping the setup simple.

 

🔎 Account Type	🚀Open an Account	📈 Spreads	📉 Commissions	📊 Minimum Deposit	💹 Base Currencies	💱 Platforms
🥇 Fixed	👉 Open Account	From 1.5 pips	None	20 USD	EUR, USD, GBP, AED, JPY	MT4, MT5, HYCM Trader
🥈 Classic	👉 Open Account	From 1.2 pips	None	20 USD	EUR, USD, GBP, AED, JPY	MT4, MT5
🥉 Raw	👉 Open Account	From 0.1 pips	Forex: $4/round	20 USD	EUR, USD, GBP, AED, JPY	MT4, MT5

 

Account Types

HYCM offers three core account types: Fixed, Classic, and Raw. Here’s what they bring to the table:

 

Fixed Account

The Fixed Account is predictable, with spreads starting from 1.5 pips, no commissions, and compatibility with platforms like MT4, MT5, and HYCM Trader. It’s a straightforward option for those who prefer consistent costs.

 

Classic Account

If you’re okay with some variability in pricing, the Classic Account offers spreads starting from 1.2 pips. Like the Fixed Account, it doesn’t charge commissions and supports Expert Advisors for automated strategies.

 

Raw Account

Traders prioritizing tight spreads will find that the Raw Account delivers with spreads from 0.1 pips. However, it charges a commission per trade—$4 per round for forex and $5 for metals. This account is ideal to keep trading costs as low as possible during high-volume sessions.

 

Islamic Account

HYCM provides an Islamic Account for traders observing Shariah law,. This account removes swaps (overnight interest charges) and replaces them with fixed fees after a 14-day fee-free period.

It’s a practical option for adhering to Islamic finance principles while trading forex, metals, and indices.

 

Demo and VIP Accounts

HYCM also offers demo accounts for practice trading with virtual funds. VIP accounts come with tailored features and added benefits for high-volume traders, providing more flexibility for serious trading.

 

Frequently Asked Questions

 

What account types does HYCM offer?

HYCM offers three core account types: Fixed, Classic, and Raw. Each type is designed to cater to different trading preferences, whether you prefer predictable spreads, some pricing variability, or the tightest spreads for high-volume trading.

 

What are the features of a Fixed Account?

The Fixed Account offers predictable spreads starting from 1.5 pips and no commissions. It’s compatible with MT4, MT5, and HYCM Trader, making it ideal for traders who prefer consistent costs.

 

What is the advantage of the Raw Account?

The Raw Account provides the tightest spreads starting from 0.1 pips but comes with commissions ($4 per round for forex). It’s best for traders who prioritize low trading costs, especially during high-volume sessions.

 

Does HYCM offer accounts for traders observing Islamic finance?

Yes, HYCM offers an Islamic Account, which eliminates swaps (overnight interest charges) and replaces them with fixed fees after a 14-day fee-free period, making it suitable for traders who follow Shariah law.

 

Our Verdict

HYCM offers a variety of account types to suit different trading strategies, from predictable spreads with the Fixed Account to tight spreads with the Raw Account. With the added benefit of an Islamic Account and options like VIP and demo accounts, HYCM provides flexibility for both new and experienced traders. Whether you’re just starting or looking for advanced features, HYCM has you covered.

 

 

How to open an HYCM Account

First things first—make sure you’re eligible. HYCM doesn’t accept accounts from U.S. Reportable Persons or residents in areas where their services are restricted. If you’re not eligible, your deposit might be refunded, or positions could be closed.

 

1. Step 1: Have a valid email address ready.

Gather the required identity and address verification documents. You’ll need a passport or ID card and a utility bill or bank statement to prove your address.

 

2. Step 2: Go to the HYCM website and find the registration portal.

Complete the registration form with your details, financial info, and trading experience. Be honest and accurate.

 

3. Step 3: Read and agree to the Customer Agreement and Business Terms.

Upload your ID and address proof for verification. HYCM might ask for extra documents if needed.

 

4. Step 4: Once your identity is verified, you can fund your account.

HYCM requires a minimum deposit (depending on account type), and you can deposit via bank transfer or credit card. Just make sure the funds come from an account in your name.

 

Your account will be activated after everything is verified and your deposit is confirmed. You’ll then get access to the trading platform with your login credentials. Once your account is active, you’re good to go. You can log in to the platform and start trading.

 

 

Trading Platforms

The platform is where you’ll spend most of your time, so it needs to be reliable, easy to navigate, and offer all the tools you need to execute your strategy. HYCM offers three platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary HYCM Trader app.

 

MetaTrader 4 (MT4)

MT4 is one of the most popular trading platforms worldwide, and for good reason. It’s been around for a while but remains the go-to choice for traders who want something reliable and easy to use.

 

• Execution Speed: MT4 offers fast execution, which is critical for traders who must enter and exit positions quickly.
• Asset Classes: Trade currencies, stocks, indices, commodities, and cryptocurrencies all on one account.
• Spreads: You can choose from three spread models: Fixed (1.5 pips), Variable (1.2 pips), and Raw (from 0.1 pips).
• Expert Advisors (EAs): Perfect for automating your trading strategy with EAs, helping you trade even when you’re not at your desk.
• Mobile Trading: MT4 is fully compatible with mobile devices. You can manage your trades on the go and access all the features you’d use on your desktop.

 

HYCM offers professional customer support, so you’re never left in the dark if something goes wrong.

 

MetaTrader 5 (MT5)

MT5 builds on everything MT4 offers but adds even more advanced features, making it a great option for traders who need that extra edge.

 

• Execution Speed: Like MT4, MT5 provides lightning-fast execution, which is crucial for trading in volatile markets.
• Asset Classes: Access to forex, stocks, indices, cryptocurrencies, and commodities.
• Additional Features: MT5 has 21 timeframes, 6 types of pending orders, and an integrated economic calendar to help with your fundamental analysis.
• Expert Advisors (EAs): Fully supports automated trading, allowing you to trade with robots and scripts.
• Spreads: Choose between Fixed (1.5 pips), Variable (1.2 pips), or Raw (from 0.1 pips).
• Mobile Trading: You won’t miss a beat with MT5 on your smartphone, with all the same capabilities as the desktop version.

 

Enjoy more advanced charting and technical analysis tools to refine your strategy.

 

HYCM Trader App

The HYCM Trader app offers a more modern, streamlined trading experience, especially for those who prefer mobile trading.

 

• Ultra-Fast Execution: Quick trade execution right from your phone.
• Asset Classes: Over 300+ assets to trade, including forex, stocks, indices, commodities, and cryptocurrencies.
• Custom Account Settings: Tailor the app to your preferences for a more personalized experience.
• In-App Deposits & Withdrawals: Deposit funds and withdraw easily within the app.
• Multiple Charts & Indicators: You can access multiple charts and indicators to monitor your trades and the market in real time.

 

Stay on top of market movements with built-in news and analysis to inform your trading decisions.

 

🔎 Feature	🥇 MT4	🥈 MT5	🥉 HYCM Trader
🕛 Execution Speed	Fast	Fast	Ultra-fast
📈 Asset Classes	5 (Forex, Stocks, Indices, Commodities, Cryptos)	5 (Forex, Stocks, Indices, Commodities, Cryptos)	300+ assets (Forex, Stocks, Indices, Cryptos, Commodities)
📉 Spreads	Fixed: 1.5 pips, Variable: 1.2 pips, Raw: 0.1 pips	Fixed: 1.5 pips, Variable: 1.2 pips, Raw: 0.1 pips	Varies by asset class
📊 Expert Advisors (EAs)	✅Yes	✅Yes	None
💹 Mobile Compatibility	✅Yes	✅Yes	✅Yes
💱 Account Types	Fixed, Classic, Raw	Fixed, Classic, Raw	Customizable
📌 Additional Features	Charting, Automation, Mobile Trading	Advanced Timeframes, Economic Calendar, Charting	Multi-chart, In-app deposits/withdrawals, Market News
📍 Suitable For	All traders, EAs, Mobile Trading	Advanced traders, EAs, Detailed Analysis	Mobile traders, Quick, Seamless Trading

 

Frequently Asked Questions

 

What trading platforms does HYCM offer?

HYCM offers three platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary HYCM Trader app, each catering to different trading needs and preferences.

 

What are the advantages of using MetaTrader 4 (MT4)?

MT4 is known for its reliability, fast execution speed, and user-friendly interface. It supports multiple asset classes, offers three spread models, and allows for automated trading with Expert Advisors (EAs). It’s a great choice for both beginners and experienced traders.

 

How does MetaTrader 5 (MT5) improve on MT4?

MT5 builds on the strengths of MT4, adding advanced features like 21 timeframes, 6 types of pending orders, and an integrated economic calendar. It’s ideal for traders seeking more tools for technical and fundamental analysis, while still offering fast execution and support for automated trading.

 

What makes the HYCM Trader app stand out?

The HYCM Trader app offers a streamlined, mobile-first trading experience with ultra-fast execution, over 300 assets to trade, in-app deposits and withdrawals, and access to multiple charts and indicators. It’s perfect for traders who prefer to manage their trades on the go.

 

Our Verdict

HYCM provides a wide range of reliable trading platforms, from the user-friendly MT4 to the more advanced MT5, as well as the mobile-optimized HYCM Trader app. Whether you prefer desktop trading or need the flexibility of mobile, HYCM offers tools that cater to both new and experienced traders, ensuring you have everything needed to execute your strategy efficiently.

 

 

Financial Instruments and Market Hours

HYCM offers a solid variety of financial instruments to trade, from forex to commodities and cryptocurrencies. HYCM has all types of traders covered with competitive spreads, high leverage, and competitive trading conditions.

The key to successful trading is understanding the instruments available and the exact market hours for each one. Let’s dive into the details.

 

Financial Instruments and Trading Conditions

 

Forex

With 66 forex pairs available, HYCM offers one of the largest selections in the market. Here are some of the most popular forex pairs from the most traded majors like EUR/USD to exotic pairs.

 

🔎 Currency Pair	📈 Spread (Fixed/Variable)	📉 Leverage	📊 Min. Trade Size	💹 Lot Size	💱 Value per Tick	📌 Platform
💴 AUD/USD	Fixed: 1.8 / Variable: 4.0	1:500	1.000 AUD	100,000 AUD	1 USD	MT4, MT5, HYCM Trader
💶 EUR/USD	Fixed: 1.5 / Variable: 1.0	1:500	1.000 EUR	100,000 EUR	1 USD	MT4, MT5, HYCM Trader
💵 GBP/USD	Fixed: 2.0 / Variable: 0.4	1:500	1.000 GBP	100,000 GBP	1 USD	MT4, MT5, HYCM Trader
💷 USD/JPY	Fixed: 1.8 / Variable: 0.2	1:500	1.000 USD	100,000 USD	100 JPY	MT4, MT5, HYCM Trader
💴 AUD/JPY	Fixed: 2.5 / Variable: 0.6	1:500	1.000 AUD	100,000 AUD	100 JPY	MT4, MT5, HYCM Trader
💶 EUR/GBP	Fixed: 2.0 / Variable: 0.3	1:500	1.000 EUR	100,000 EUR	1 GBP	MT4, MT5, HYCM Trader

 

Stocks (Fractional Shares)

HYCM offers over 1,000 stocks across various global exchanges, allowing traders to buy actual shares (not CFDs). These stocks come with the advantage of fractional shares, meaning you can invest with as little as $10, making it easier for traders to get started, even with smaller capital.

 

🔎 Stock	📌 Leverage	📍 Min. Trade Size	⚙️ Spread (Fixed/Variable)	🖱️ Platform
📈 Amazon (AMZN)	1:1	0.01 shares	Fixed: 0.20 USD	MT4, MT5, HYCM Trader
📉 Tesla (TSLA)	1:1	0.01 shares	Fixed: 0.20 USD	MT4, MT5, HYCM Trader
📊 Apple (AAPL)	1:1	0.01 shares	Fixed: 0.10 USD	MT4, MT5, HYCM Trader
💹 Meta (META)	1:1	0.01 shares	Fixed: 0.15 USD	MT4, MT5, HYCM Trader
💱 Alibaba (BABA)	1:1	0.01 shares	Fixed: 0.20 USD	MT4, MT5, HYCM Trader
📈 Baidu (BIDU)	1:1	0.01 shares	Fixed: 0.25 USD	MT4, MT5, HYCM Trader

 

CFD Stocks

In addition to actual stock ownership, HYCM offers stock CFDs, allowing you to trade the price movements of over 150 leading global stocks without owning the underlying shares. With stock CFDs, you can speculate on rising and falling markets, giving you more flexibility.

 

🔎 Stock CFD	📌 Leverage	📍 Min. Trade Size	⚙️ Spread (Fixed/Variable)	🖱️ Platform
📈 Tesla (TSLA)	1:20	0.01 shares	Fixed: 0.20 USD	MT4, MT5, HYCM Trader
📉 Amazon (AMZN)	1:20	0.01 shares	Fixed: 0.20 USD	MT4, MT5, HYCM Trader
📊 Apple (AAPL)	1:20	0.01 shares	Fixed: 0.10 USD	MT4, MT5, HYCM Trader
💹 Meta (META)	1:20	0.01 shares	Fixed: 0.15 USD	MT4, MT5, HYCM Trader
💱 Alibaba (BABA)	1:20	0.01 shares	Fixed: 0.20 USD	MT4, MT5, HYCM Trader
🗃️ Microsoft (MSFT)	1:20	0.01 shares	Fixed: 0.10 USD	MT4, MT5, HYCM Trader

 

Indices

HYCM provides over 15 of the world’s most popular indices, including exposure to major economies like the U.S., Europe, and Asia. These indices can help diversify your portfolio and take advantage of overall market movements.

 

🔎 Index	📌 Leverage	📍 Min. Trade Size	⚙️ Spread (Fixed/Variable)	🖱️ Platform
📈 U.S. 30 Index	1:100	$5 per index point	Fixed: 4.00 USD	MT4, MT5, HYCM Trader
📉 UK 100 Index	1:50	$10 per index point	Fixed: 6.00 USD	MT4, MT5, HYCM Trader
📊 Germany 40	1:50	$10 per index point	Fixed: 2.4 USD	MT4, MT5, HYCM Trader
💹 France 40	1:50	$5 per index point	Fixed: 3.00 USD	MT4, MT5, HYCM Trader
💱 China 300	1:33	$20 per index point	Fixed: 3.00 USD	MT4, MT5, HYCM Trader
🗃️ AUS200	1:50	$10 per index point	Fixed: 7.00 USD	MT4, MT5, HYCM Trader

 

Commodities

Commodities are an essential asset class for traders to profit from global demand and supply changes. HYCM offers energy and soft commodities, each with its trading conditions.

 

🔎 Commodity	📈 Leverage	📉 Min. Trade Size	📊 Spread (Fixed/Variable)	💹 Platform
🪙 Gold (Spot)	1:50	1 OZS	Fixed: 35 USD	MT4, MT5, HYCM Trader
🛢️ Brent Oil	1:50	10 BBL	Fixed: 6 USD	MT4, MT5, HYCM Trader
⭐ Copper	1:50	250 OZS	Fixed: 140 USD	MT4, MT5, HYCM Trader
🍭 Sugar	1:50	1,120 LBS	Fixed: 5 USD	MT4, MT5, HYCM Trader
🥈 Silver (Spot)	1:50	50 OZS	Fixed: 2.5 USD	MT4, MT5, HYCM Trader
⛽ Natural Gas	1:67	100 MMBTU	Fixed: 20 USD	MT4, MT5, HYCM Trader

 

Cryptocurrencies

HYCM lets you trade major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. These assets offer 24/7 market access and are ideal to capitalize on the crypto market.

 

🔎 Cryptocurrency	📈 Leverage	📉 Min. Trade Size	📊 Spread (Fixed/Variable)	💹 Platform
🪙 Bitcoin (BTC/USD)	1:20	0.01 BTC	Fixed: 100 USD	MT4, MT5, HYCM Trader
💰 Ethereum (ETH/USD)	1:20	1 ETH	Fixed: 10 USD	MT4, MT5, HYCM Trader
💴 Litecoin (LTC/USD)	1:20	10 LTC	Fixed: 0.35 USD	MT4, MT5, HYCM Trader
🪙 XRP (XRP/USD)	1:20	1000 XRP	Fixed: 0.005 USD	MT4, MT5, HYCM Trader
💰 Solana (SOL/USD)	1:20	10 SOL	Fixed: 1 USD	MT5, HYCM Trader
💴 Dogecoin (DOGE/USD)	1:20	10000 DOGE	Fixed: 0.0015 USD	MT5, HYCM Trader

 

Market Hours for Asset Classes

Each asset class available at HYCM operates within specific market hours, and understanding these is essential for trading.

Below, we’ll review the market hours for all asset classes HYCM offers so traders know when to expect the most active markets and how market times vary by region and asset.

 

Forex Market Hours

The forex market operates 24 hours a day, five days a week, opening on Sunday evening and closing on Friday evening (GMT). Market activity and liquidity vary depending on the currency pair and the trading session.

 

• Major Pairs (e.g., EUR/USD, GBP/USD): The most liquid and widely traded pairs are most active during the London and New York sessions, from 8:00 AM GMT to 12:00 AM GMT.
• Exotic Pairs (e.g., USD/ZAR, USD/TRY): These tend to have lower liquidity, and volatility can be higher during overlapping sessions, especially between 12:00 PM GMT to 4:00 PM GMT when both the London and New York markets are open.
• Minor Pairs: Active during European and U.S. hours but less volatile than major pairs.

 

Stocks (Fractional Shares) Market Hours

HYCM provides access to over 1,000 stocks across various global exchanges, and the trading hours depend on the exchange where the stock is listed.

 

• S. Stocks (e.g., Apple, Tesla, Amazon): Trade from 9:30 AM to 4:00 PM EST, Monday to Friday.
• European Stocks (e.g., Siemens, L’Oréal): Typically trade from 8:00 AM to 4:30 PM CET.
• Asian Stocks (e.g., Alibaba, Toyota): These stocks trade during the hours of the local exchanges, such as 9:00 AM to 3:00 PM JST (Japan) and 9:00 AM to 5:00 PM CST (China).
• Fractional Shares: These can be traded during the standard exchange hours of the respective markets.

 

CFD Stocks Market Hours

Stock CFDs are available to trade during the same hours as their underlying stocks, but since they are CFDs, they follow the market’s general trading times.

 

• S. Stocks (e.g., Amazon, Microsoft): Available from 9:30 AM to 4:00 PM EST.
• European Stocks (e.g., Tesla, Baidu): Available from 8:00 AM to 4:30 PM CET.
• Asian Stocks (e.g., Alibaba, JD.com): Typically available from 9:00 AM to 3:00 PM JST (Japan) and 9:00 AM to 5:00 PM CST (China).

 

Indices Market Hours

Indices represent a collection of stocks, and the underlying market determines trading hours. For example, the U.S. 30 (Dow Jones) Index follows U.S. stock market hours, while the UK100 (FTSE 100) follows London’s trading hours.

 

• S. Indices (e.g., US30, US500): Trade from 9:30 AM to 4:00 PM EST, Monday through Friday.
• European Indices (e.g., UK100, GER40): Typically open from 8:00 AM to 4:30 PM CET.
• Asian Indices (e.g., JPN225, AUS200): Active from 9:00 AM to 3:00 PM JST (Japan) and 10:00 AM to 4:00 PM AEST (Australia).

 

Cryptocurrencies Market Hours

Cryptocurrencies trade 24/7, making them the most accessible asset class for round-the-clock trading. The market never closes, and you can trade anytime, anywhere, giving you the flexibility to act on price movements at any time.

 

Commodities Market Hours

Commodities are traded based on the markets that determine their prices. Commodities typically have set trading hours based on the exchange where they are listed.

 

• Oil (Brent and WTI): Typically trade from 6:00 PM Sunday to 5:00 PM Friday (EST) with a break from 5:00 PM to 6:00 PM EST.
• Gold, Silver, and Other Metals: These trade on the COMEX and other major exchanges, usually from 6:00 PM Sunday to 5:00 PM Friday (EST), with brief breaks.

 

Agricultural Commodities (e.g., Coffee, Cocoa) operate within defined hours, often starting at 8:00 PM EST on Sunday and closing at 5:00 PM EST on Friday.

 

Frequently Asked Questions

 

What financial instruments can I trade with HYCM?

HYCM offers a wide variety of financial instruments, including 66 forex pairs, over 1,000 stocks (with fractional shares), CFD stocks, indices, commodities, and cryptocurrencies. This gives traders access to diverse asset classes and competitive trading conditions.

 

What are the market hours for forex trading on HYCM?

The forex market operates 24/5, opening on Sunday evening and closing on Friday evening (GMT). Major pairs are most active during the London and New York sessions (8:00 AM to 12:00 AM GMT), while exotic pairs are more volatile during overlapping sessions (12:00 PM to 4:00 PM GMT).

 

Can I trade stocks and CFDs on HYCM?

Yes, HYCM offers both actual stocks (with fractional shares) and CFD stocks. U.S. stocks are available from 9:30 AM to 4:00 PM EST, European stocks from 8:00 AM to 4:30 PM CET, and Asian stocks according to their respective exchange hours.

 

When can I trade cryptocurrencies and commodities on HYCM?

Cryptocurrencies are available to trade 24/7, providing flexibility for traders at any time. Commodities like oil, gold, and silver generally trade from Sunday 6:00 PM to Friday 5:00 PM EST, with occasional breaks depending on the asset.

 

Our Verdict

HYCM offers a broad range of financial instruments with flexible market hours to suit various trading strategies. Whether you’re interested in forex, stocks, commodities, or cryptocurrencies, HYCM provides competitive conditions, ensuring that traders have the right tools and timing to take advantage of market opportunities. If you want access to a diverse range of assets and the ability to trade across different time zones, HYCM is a solid option.

 

 

Trading and Non-Trading Fees

When you choose a broker, you need to understand the full scope of fees that apply to your trading (and non-trading) activities.

HYCM has transparent fee structures for all activities. By breaking down the costs associated with spreads, commissions, and other fees, you can get a clear picture of what to expect and avoid any surprises later on. Let’s look at all the relevant fees you’ll encounter with HYCM.

 

📈 Fee Type	📉 Details	📊 Conditions
Spreads	Variable (e.g., EURUSD from 0.1 pips, GBPUSD from 0.4 pips)	Spread type depends on the account (Fixed, Classic, Raw)
Commissions	$0 to $5 per round (Raw Account)	Zero commission on Fixed and Classic accounts
Overnight Fees (Swap)	Depends on the instrument (e.g., -2.25% for AUDUSD long)	Applies to positions held overnight
Currency Conversion Fees	Based on the current exchange rate	Applies when trading instruments in a non-base currency
Inactivity Fees	$10 monthly after 90 days of no trading	Only charged if the account has a balance
Deposit Fees	None	No fees for deposits
Withdrawal Fees	1% fee for withdrawals over $5,000	Additional bank or transfer fees may apply
Islamic Account Fees	$5/day for USD accounts after 14 days	Varies based on currency (USD, EUR, GBP, CAD, AED)

 

Trading Fees

Spreads

HYCM’s spreads are dynamic and vary depending on the asset and market conditions. Here’s an example of how spreads look for some popular assets:

 

Forex:

 

• EURUSD: Fixed 1.5 pips, Variable from 1.0 pips
• GBPUSD: Fixed 2.0 pips, Variable from 0.4 pips
• USDJPY: Fixed 1.8 pips, Variable from 0.2 pips
• AUDUSD: Fixed 1.8 pips, Variable from 0.4 pips

 

Cryptocurrencies:

 

• BTCUSD: Fixed 100.0, Variable from 90.0
• ETHUSD: Fixed 10.0, Variable from 8.9

 

Commodities:

 

• BRENT CFD: Fixed 6.0, Variable from 3.0
• US OIL CFD: Fixed 4.0, Variable from 2.0

 

Indices:

 

• US 500 Index CFD: Fixed 0.6, Variable from 0.2
• US 30 Index CFD: Fixed 4.0, Variable from 2.7
• EUR50: Fixed 2.5, Variable from 2.1
• GER40: Fixed 2.4, Variable from 1.5
• UK 100 Index CFD: Fixed 2.0, Variable from 1.5

 

Stocks (U.S.):

 

• Apple: Fixed 29.0, Variable from 18.0
• com: Fixed 28.0, Variable from 2.0
• Tesla Motors: Fixed 27.0, Variable from 16.0
• Alphabet: Fixed 27.0, Variable from 3.0
• Microsoft: Fixed 64.0, Variable from 29.0

 

Just remember, spreads can widen based on market conditions. Keep an eye on the current spread when you enter a trade.

 

Commissions

HYCM applies a commission charge on the Raw Account with a fee of $0 to $5 per round, depending on the instrument. For Fixed and Classic accounts, commissions are already included in the spread, so no additional charges apply.

 

Overnight Fees (Swaps)

When you hold positions overnight, HYCM charges rollover fees based on the interest rate differential between the two currencies involved in a trade.

For example, on EURUSD, a long position could incur a -3.00% swap rate, while a short position could have a +0.00% swap rate. Some instruments like forex pairs and metals incur triple swaps on Wednesdays, so factor this into your trading strategy.

 

Non-Trading Fees

Inactivity Fees

If your account has no activity for 90 days, HYCM will charge a $10 inactivity fee per month. If your account balance is $0, HYCM may close your account.

You’ll need to contact HYCM to reactivate and potentially provide updated documentation. Keep track of your account to avoid this fee if you’re not actively trading.

 

Currency Conversion Fees

If you trade instruments denominated in a currency different from your account’s base currency, HYCM applies a currency conversion fee. This fee can affect your returns, so consider the exchange rates when trading in non-base currencies.

 

Deposit Fees

There are no deposit fees for transferring funds into your HYCM account.

 

Withdrawal Fees

Withdrawals over $5,000 are subject to a 1% processing fee deducted from the withdrawal amount. There may be third-party bank or transfer fees depending on the method you use.

 

Islamic Account Fees

If you’re using an Islamic account, the fees vary based on the instrument and account currency. For example, on Forex Pairs like EUR/USD, there’s a fee-free period of 14 days, after which the fee for USD accounts is $5 per day.

Other currencies like EUR, GBP, CAD, and AED have different fees, ranging from €4/day to 18 AED/day.

 

Frequently Asked Questions

 

What are the trading fees for spreads at HYCM?

HYCM offers competitive and dynamic spreads, depending on the asset and market conditions. For example, the EUR/USD pair has a fixed spread of 1.5 pips and a variable spread from 1.0 pips, while commodities like Brent oil have a fixed spread of 6.0 pips and a variable spread from 3.0 pips.

 

Are there any commission fees at HYCM?

For Raw accounts, HYCM charges a commission of $0 to $5 per round turn, depending on the instrument. For Fixed and Classic accounts, the commission is already included in the spread, so no additional charges apply.

 

What are overnight fees (swaps) at HYCM?

HYCM charges rollover fees when positions are held overnight, based on the interest rate differential between the currencies involved in the trade. Some instruments like forex pairs and metals may incur triple swaps on Wednesdays, so it’s important to factor this into your strategy.

 

Are there any non-trading fees at HYCM?

Yes, HYCM has non-trading fees such as an inactivity fee of $10 per month after 90 days of account inactivity. Additionally, withdrawals over $5,000 incur a 1% processing fee, and there may be third-party fees for some payment methods. Currency conversion fees also apply if you trade in a currency different from your account’s base currency.

 

Our Verdict

HYCM offers a transparent fee structure, covering both trading and non-trading costs. While spreads vary based on the asset and market conditions, the broker provides clear pricing on commissions and overnight fees. Non-trading fees such as inactivity and withdrawal charges are also clearly outlined, allowing traders to make informed decisions. For those seeking a broker with competitive trading conditions and clear, upfront costs, HYCM remains a reliable choice.

 

 

Leverage and Margin Requirements

Leverage and margin are crucial elements in trading that determine how much you can trade with your available capital.

In simple terms, leverage allows you to control a larger position with less money, while margin is the amount you must commit as collateral to open a trade. Both can have a significant impact on your potential profits and losses.

 

Leverage and Margin

Here’s a breakdown of the leverage and margin requirements for each asset class available at HYCM:

 

🔎 Asset Class	📌 Leverage Ratio	📍 Margin Requirement
📈 Forex (Major)	1:500	0.2%
📉 Forex (Minor)	1:500	0.2%
📊 Forex (Exotic)	1:100	1%
🪙 Cryptocurrency	1:20	5%
⚙️ Metals (Spot & Futures)	1:100	1%
🏆 Spot Gold	1:200	0.5%
💹 Indices Cash (U.S. Indices)	1:100	1%
💱 Indices Cash (Others)	1:50	2%
↪️ Indices Future (U.S.)	1:100	1%
🔖 Indices Future (EU, JP, HK)	1:50	2%
📇 Indices Future (India & China)	1:33	3%
🍎 Commodities (NatGas)	1:67	1.5%
🍊 Commodities (U.S. Oil & Brent)	1:50	2%
🍋 Commodities (Soft)	1:50	2%
🧾 Stocks (U.S.)	1:20	5%
🗃️ ETFs	1:20	5%

 

Frequently Asked Questions

 

What is leverage in trading?

Leverage allows traders to control a larger position with a smaller amount of capital. For example, with a leverage ratio of 1:100, you can control a position worth $100,000 with just $1,000 of your own capital.

 

How does margin work in trading?

Margin is the amount you must set aside as collateral to open a trade. It acts as a safety net for the broker in case the trade goes against you. HYCM offers different margin requirements for each asset class, and these requirements vary depending on the leverage you choose.

 

What leverage options are available at HYCM?

HYCM offers leverage up to 1:500 for major forex pairs, with different leverage ratios available for other asset classes. The leverage ratio you choose will determine how much margin is required to open a position.

 

Are margin requirements the same for all assets at HYCM?

No, margin requirements vary based on the asset class. Each asset, such as forex, stocks, indices, and commodities, has specific margin requirements, which are influenced by factors like volatility and liquidity.

 

Our Verdict

Leverage and margin are powerful tools that allow traders to maximize their potential returns, but they also increase risk. HYCM offers a range of leverage options, and understanding the margin requirements for each asset is crucial for managing your trading strategy effectively.

 

 

Deposit and Withdrawals

Here’s a quick overview of HYCM’s deposit and withdrawal process, designed to provide a smooth and efficient experience for traders.

 

Deposit Options

 

🔎 Method	📈 Minimum	📉 Currency	📊 Processing Time	💹 Fees
💴 Bank Transfer	$20	USD, EUR, GBP	1 to 7 working days	None (bank fees may apply)
💶 VISA/Mastercard	$20	USD, EUR, GBP	Up to 1 hour	None
💵 Neteller	$20	USD, EUR	Up to 1 hour	None
💷 Skrill	$20	USD, EUR	Up to 1 hour	None
💳 Crypto	$20	Crypto	Up to 3 hours	Fees depend on the blockchain network
💴 AstroPay	$20	USD	Up to 1 hour	None
💶 WebMoney	$20	USD	Up to 1 hour	None
💵 PayTrust	$20	USD	Up to 1 hour	None
💷 Fasapay	$20	USD	Up to 1 hour	None
💳 Zotapay	$20	USD	Up to 1 hour	None
💴 UPI	$20	USD	Up to 1 hour	None

 

How to Deposit with HYCM

Log into your HYCM account using your username and password. New users must register and complete verification.

 

• Access the “Deposit Funds” or “Banking” section in the client portal.
• Choose a deposit method from the list, such as Bank Transfer, VISA/Mastercard, E-wallets, or Crypto.
• Specify your deposit amount (minimum $20) and select the currency for the deposit (USD, EUR, GBP, or Crypto). Ensure the method matches your account name for security.
• Follow the payment instructions: enter card details, log into your e-wallet, or initiate a bank transfer.
• After confirming the deposit, processing times will vary based on the method chosen.

 

Once processed, the funds will appear in your trading account. Contact HYCM support if you experience any delays.

 

Withdrawal Methods

 

🔎 Method	📈 Minimum	📉 Currency	📊 Processing Time	💹 Fees
💴 Bank Transfer	$300	USD, EUR, GBP	1 to 4 working days	None (bank fees may apply)
💶 VISA/Mastercard	$20	USD, EUR, GBP	1 to 7 working days	None
💵 Neteller	$20	USD, EUR	Within 24 hours	None, but withdrawals over $5,000 are subject to a 1% fee
💷 Skrill	$20	USD, EUR	Within 24 hours	None, but withdrawals over $5,000 are subject to a 1% fee
💳 Crypto	$30	Crypto	Within 24 hours	None
💴 AstroPay	$20	USD	Within 24 hours	None
💶 WebMoney	$20	USD	Within 24 hours	None
💵 PayTrust	$20	USD	Within 24 hours	None
💷 Fasapay	$20	USD	Within 24 hours	None
💳 Zotapay	$20	USD	Within 24 hours	None
💴 UPI	$20	USD	Within 24 hours	None

 

How to Withdraw with HYCM

Enter your credentials to log into your account.

 

• Select the “Withdraw Funds” option from the client portal menu.
• Choose your preferred withdrawal method from the available options: Bank Transfer, VISA/Mastercard, E-wallets, Crypto, or regional methods (AstroPay, PayTrust, Fasapay, etc.).
• Enter the amount you wish to withdraw, ensuring the method matches the one used for the deposit. HYCM requires withdrawals to be made using the same method to comply with anti-money laundering policies.
• Review and confirm your withdrawal details.
• Withdrawal times vary depending on the method.

 

Check your bank account, e-wallet, or crypto wallet for the transferred funds. For withdrawals above $300 via bank transfer, no fees are charged. Smaller amounts may incur a $30 fee, and withdrawals over $5,000 via Skrill/Neteller incur a 1% fee.

 

Frequently Asked Questions

 

What deposit methods does HYCM offer?

HYCM provides a variety of deposit options including Bank Transfer, VISA/Mastercard, E-wallets, and cryptocurrencies. You can choose the one that best suits your needs, with a minimum deposit of $20.

 

How do I deposit funds into my HYCM account?

To deposit, simply log into your HYCM account, access the “Deposit Funds” section, select your payment method, enter the deposit amount (in USD, EUR, GBP, or Crypto), and follow the payment instructions. Once processed, your funds will be available in your trading account.

 

What withdrawal methods can I use with HYCM?

HYCM allows withdrawals via Bank Transfer, VISA/Mastercard, E-wallets, Crypto, and regional payment methods like AstroPay, PayTrust, and Fasapay. Withdrawals must be made using the same method as the deposit to comply with security protocols.

 

Are there any fees associated with withdrawals at HYCM?

For withdrawals above $300 via bank transfer, there are no fees. Smaller amounts may incur a $30 fee. Additionally, withdrawals over $5,000 via Skrill/Neteller are subject to a 1% fee.

 

Our Verdict

HYCM offers a range of convenient deposit and withdrawal methods, making it easy for traders to manage their funds. The platform maintains security and compliance by requiring withdrawals to be made using the same method as the deposit. While some fees apply, especially for smaller withdrawals or specific payment methods, HYCM’s process is straightforward and efficient.

 

 

Educational Material

Education is a key component in a trader’s success. HYCM offers educational resources to support traders at various skill levels. These resources help you understand market dynamics, improve strategies, and gain confidence in your trading.

 

Key Educational Resources from HYCM

Offers comprehensive content covering everything from forex fundamentals to advanced trading strategies.

 

• Webinars: Live, interactive sessions on current market trends, trading strategies, and real-time analysis.
• Video Tutorials: A library of instructional videos covering platform usage, trading basics, and technical analysis.
• Market Analysis: Regularly updated reports and commentary on market movements, providing insights to aid decision-making.
• Forex Trading Guides: In-depth articles focused on essential forex concepts and practical strategies for success.
• Technical Analysis Resources: Beginner-friendly guides and expert advice on using charts, indicators, and other tools effectively.

 

Educational content dedicated to managing risk and developing a long-term trading strategy.

 

Trading Tools and Resources

HYCM equips traders with tools to enhance their trading experience. These tools are essential for making informed decisions and optimizing strategies, from tracking economic events to calculating pips and managing margins.

Here’s a breakdown of the key trading tools and resources available at HYCM.

 

🔎 Tool	📌 Feature
📈 Trade Reports	Daily and monthly reports with detailed transaction summaries and open positions
📉 Economic Calendar	Track major market events with detailed information on time, impact, and country-specific events
📊 Pip Calculator	Calculate the value of a pip in your trading pair based on your account currency and trade size
💹 Currency Converter	Convert amounts between currencies, with up-to-date conversion rates
💱 Margin Calculator	Calculate the required margin based on trade size and leverage

 

Trade Reports

HYCM gives traders access to detailed reports that summarize key account information, including the following:

 

• Statement Access: Traders can view cash balances, open positions, and charges via the trading platform or the client portal.
• Daily Reports: These reports are available the next business day and detail all transactions executed by 5:00 PM Eastern Time. They include values, exchange rates, and more.
• Monthly Statements: Comprehensive summaries of transactions, deposits, withdrawals, and monthly charges, along with account balances as of the statement date.

 

Economic Calendar

The Economic Calendar is vital for traders to keep up with major market-moving events.

 

• Event Tracking: The calendar lists key events, including interest rate decisions, employment data, inflation rates, and more. Traders can filter by event importance (Low, Medium, High) and country.
• Time and Date: Events with local time zones are listed chronologically to ensure traders don’t miss critical events like employment reports or auctions.
• Market Impact: High-impact events are especially important because they can influence specific currencies or sectors, helping traders prepare for potential volatility.

 

For instance, if there’s a UK Employment and Earnings Data release, traders can track real-time forecasts, directly affecting the GBP/USD currency pair. The calendar’s easy-to-read format lets traders assess which events align with their strategies.

 

Trading Calculators

HYCM provides a set of Trading Calculators to assist traders in calculating potential profit, margin requirements, and currency conversions.

 

• Pip Calculator helps traders calculate the value of a pip in their trading pair based on the account currency and trade size. For example, if you’re trading EUR/USD, the pip value for a 10,000-unit trade could be calculated using the formula: 10,000 / Conversion Rate = Pip Value. This helps traders understand the financial impact of each price move.
• Currency Converter: The currency converter allows easy conversion if you’re trading instruments in a different currency than your account’s base currency. For instance, by converting EUR to USD at a rate of 1.03905, you’ll get the conversion value instantly, which helps calculate potential profits or set trade size.

 

Understanding how much margin is required for a trade is crucial for risk management. This calculator uses the leverage and trade size to calculate the margin needed for any trade. For example, trading a 10,000-unit position with 1:30 leverage would show you need 333.33 EUR as a margin.

 

Frequently Asked Questions

 

What educational resources does HYCM offer for traders?

HYCM provides a comprehensive range of educational resources, including webinars, video tutorials, market analysis, forex trading guides, and technical analysis content. These resources cater to traders of all levels, helping you improve strategies, understand market dynamics, and gain confidence.

 

How can I access HYCM’s webinars and video tutorials?

Webinars are live, interactive sessions that you can access through the HYCM platform, while video tutorials are available on-demand in the educational section. Both resources cover a wide range of topics, from trading strategies to platform usage.

 

What tools can I use to enhance my trading experience at HYCM?

HYCM offers several trading tools, including detailed trade reports, an economic calendar to track key market events, and trading calculators to assist with margin requirements, pip values, and currency conversions. These tools help you make informed decisions and optimize your trading strategies.

 

How can the Economic Calendar help me with my trading strategy?

The Economic Calendar helps you stay updated on important market-moving events such as interest rate decisions, employment data, and inflation rates. It allows you to filter events by importance and country, helping you plan and prepare for potential market volatility.

 

Our Verdict

HYCM’s educational resources and trading tools offer comprehensive support for traders, no matter their experience level. From live webinars to practical calculators, these resources can help you refine your trading skills, manage risks, and make informed decisions to enhance your success in the markets.

 

 

Awards and Recognition

HYCM’s consistent performance and commitment to excellence are reflected in its recognition across various prestigious categories, including the following:

 

🔎 Award Category	🏆 Awarding Body	📌 Year	📍 Region
Best Forex Broker	HYCM Group	2023	UAE
Most Transparent Forex Broker	HYCM Group	2023	UAE
Best Forex Broker	HYCM Group	2022	Middle East
Best Multi-Regulated Forex & CFD Provider	HYCM Group	2022	UAE
Best Forex Broker	HYCM Group	2022	UAE
Best Forex Broker	HYCM Group	2022	UAE
Best Forex Broker	HYCM Group	2022	Spain

 

 

Customer Support

HYCM offers multiple communication channels for traders to access support, including the following:

 

🔎 Support Channel	📌 Contact Information	⏰ Working Hours	🚨 Response Time
Client Support	support@hycm.com	24/5	Fast response
Account Opening	accounts@hycm.com	24/5	Fast response
General Inquiries	info@hycm.com	24/5	Fast response
Complaints	complaints@hycm.com	9:00 - 18:00 (GMT+3)	Prompt response

 

HYCM Office Locations

HYCM operates internationally, offering services from several global offices to better serve traders:

 

• London Office (HQ): 27-28 Clement’s Lane, St Clement’s House, London EC4N 7AE, United Kingdom
• Dubai Office: 9th Floor, Liberty House, Dubai International Financial Center, Dubai, United Arab Emirates
• Kuwait Office: 22nd Floor, Office 1, Al-Soor Tower, Al-Sour Street, Al-Qibla, Kuwait
• Hong Kong Office: 10th Floor, Nine Queens Road Central, Hong Kong

 

 

HYCM vs. AvaTrade vs. OANDA

 

🔎 Broker	🥇 HYCM	🥈 AvaTrade	🥉 OANDA
📌 Year Established	1998	2006	1996
📍 Number of Trading Instruments	300+ CFDs	1,260+ CFDs	1,200+ CFDs
🛡️ Regulatory Licenses	FCA (UK), DFSA (UAE), SVG	CBI, ASIC, FSCA, CySEC, etc.	FCA, ASIC, IIROC, MAS, NFA, etc.
💴 Minimum Deposit	$20	$100	$0
📈 Spreads (EUR/USD)	From 0.1 pips (Raw Account)	From 0.9 pips (Retail Account)	From 0.1 pips (Core Account)
📉 Maximum Leverage (Forex)	1:500	1:400 (Pro)	1:888
📊 Order Execution Time	12ms	~0.03 seconds	<50ms
🚨 Negative Balance Protection	✅Yes	✅Yes	✅ Yes (not for U.S. clients)
💷 Base Currencies Supported	4 (USD, EUR, GBP, AED)	5+ (USD, EUR, GBP, JPY, AUD)	4 (USD, EUR, HKD, SGD)
🖱️ Trading Platforms	MT4, MT5, HYCM Trader	MT4, MT5, AvaTradeGO, AvaOptions	MT4, MT5, OANDA Trade, TradingView
💶 Inactivity Fee	$10/month after 90 days	$50/quarter after 3 months	$10/month after 12 months
💵 Withdrawal Fees	1% for amounts >$5,000 via e-wallets	None (provider fees may apply)	Bank wires up to 20 base currency units
☪️ Islamic Account	✅Yes	✅Yes	✅Yes
🤝 Investor Protection	None	€20,000 for EU clients	£85,000 for UK clients
🫶 Affiliate Program	✅Yes	✅Yes	✅Yes
🚀Open an Account	👉 Open Account	👉 Open Account	👉 Open Account

 

 

Pros and Cons

 

✅ Pros	❌ Cons
Multi-regulated with FCA and DFSA licenses	No support for scalping strategies
Offers segregated client funds	High spreads on Fixed and Classic accounts
Negative balance protection included	Limited range of base currencies
Leverage up to 1:500 for major forex pairs	No VPS hosting for traders
Access to MT4, MT5, and HYCM Trader platforms	Inactivity fee after 90 days

 

 

Conclusion

From our experience, HYCM is a good choice for traders prioritizing reliability and transparency. The broker’s decades-long presence in the industry speaks to its dependability. Traders will appreciate the strong regulatory oversight, including licensing from the FCA in the UK and DFSA in Dubai, ensuring a safe trading environment.

The three account types—Fixed, Classic, and Raw—cater to different trading styles, while spreads starting from 0.1 pips on the Raw account are competitive. MT4, MT5, and the HYCM Trader app provide a seamless experience, and the instruments spanning forex, cryptocurrencies, indices, and commodities cover essential trading needs.

That said, we found a few limitations. The absence of cent accounts and VPS hosting may deter some traders, and swap fees on overnight positions can add up. Still, HYCM’s robust features and focus on security make it a trustworthy broker for serious traders.

 

You might also like:

 

• Sign-Up Bonus
• Minimum Deposit
• Account Types
• Islamic Account
• Demo Account
• Fees, Spreads, and Commission

 

Frequently Asked Questions

 

Are there any regional restrictions in creating a HYCM trading account?

Yes, there are. HYCM doesn’t accept accounts from United States residents or other restricted locations. Check the eligibility requirements before signing up.

 

What is the minimum deposit needed to start a HYCM account?

HYCM allows you to start trading with a $20 minimum deposit.

 

Does HYCM offer a demo account, and how can it be used?

Yes, HYCM offers a demo account. It is a practice account with virtual cash that allows you to test methods and understand how the site operates.

 

Does HYCM support MetaTrader 4 and 5, and what features do they offer?

Yes, HYCM supports MT4 and MT5. These platforms offer quick execution, automated trading, and comprehensive analytical tools.