Losses can exceed deposits of retail CFD accounts lose money when trading with this provider.
HYCM
UK
Est. 1977 · UK
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HYCM is a regulated online broker that has been serving traders since 1977. HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048, giving clients the protections and oversight that come with operating under a recognised regulatory framework.
This review covers all the key aspects of trading with HYCM, including its regulatory standing, trading platforms, fees and costs, available instruments, education and research tools, and customer support. Our aim is to give you a clear and objective picture of what HYCM offers, so you can decide whether it is the right broker for your needs.
Expert Score — HYCM · How we score brokers →
HYCM is a well-rounded broker with a solid regulatory foundation, a broad range of instruments, and a competitive overall offering. Whether you are new to trading or a more experienced market participant, HYCM provides the tools and environment to trade effectively.
Please note that due to regulations, the content in this review of HYCM does not apply to users in Brazil, South Korea, Iran, Iraq, Syria, Japan, United States.
HYCM Review 2026 - Brief Overview
- Year Founded
- 1977
- Regulated By
- Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
- Headquarters
- UK
- Minimum Deposit
- $100
- Number of Clients
- 10,000+
- Employees
- 86
- Telephone
- +44 20 8816 7812
- Support Email
- support@hycm.com
- Address
- 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN
- HYCM on LinkedIn
- HYCM on Facebook
- Facebook Likes
- 153,997
- Twitter / X
- HYCM
- Twitter Followers
- 25,000
- https://www.instagram.com/hycm.eu/
- Instagram Followers
- 2,587
- YouTube
- HYCM on YouTube
Who are HYCM?
HYCM is a multi-asset online broker headquartered in UK with roots going back to 1977. Over the years, HYCM has established itself as a go-to choice among global retail trading.
HYCM provides a wide range of tradeable instruments including currency pairs, equities, and commodities. With 10,000+ registered clients worldwide, the broker continues to attract both beginners and experienced market participants. Authorised and regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048, HYCM upholds the operational standards expected of a properly regulated financial firm.
HYCM supports trading via MT4, Tablet & Mobile apps, providing access to professional-grade charting and order tools. HYCM is designed for traders who want access to multiple asset classes under one roof. For traders at any experience level, HYCM represents a credible option in the market.
Who Founded HYCM?
The leadership team at HYCM has extensive experience across financial services, trading technology, and regulation. That background has shaped how the broker approaches product, regulation, and client service. The company now has 86 people working across trading infrastructure, client services, and regulatory compliance.
Beyond the founding story, HYCM remains focused on expanding its product range and improving service quality. The broker's learning materials and market analysis demonstrate the team's focus on trader development. Whether you are just starting out or building on existing skills, HYCM provides content and tools aimed at making you a better trader.
HYCM Review Videos
Why Trade with HYCM?
Choosing HYCM offers a range of real, tangible benefits that set it apart from many of its competitors. Having built its reputation over many years of operation, HYCM has developed a platform designed to serve retail traders at every level.
One of the most important factor when evaluating an online broker is the quality of its trading conditions. Competitive spreads and reliable, fast order execution give traders greater confidence that their orders will be filled at or close to their intended price, reducing the hidden cost of transaction charges on long-term performance.
HYCM places significant importance on the technology and infrastructure underpinning its platform. A fast, dependable trading environment ensures traders can act on market opportunities without delay or uncertainty, which is particularly valuable in volatile or fast-moving market conditions.
Copy trading is one of the standout feature available at HYCM. This functionality allows traders to automatically replicate the positions of experienced, higher-rated investors on the platform, providing meaningful market exposure without the need to analyse every position independently. It bridges the gap between learning and doing, making it a strong fit for traders who are still developing their approach.
HYCM also fosters a community-driven approach to trading through its social trading tools. Traders can follow, observe, and engage with others on the platform, building knowledge and confidence through a community of shared practice. This is especially valuable for those looking to develop their own strategy by studying the methods of more experienced participants.
HYCM provides access to a broad selection of financial instruments and markets, spanning forex, indices, commodities, stocks, and more. This breadth of choice means traders can build a balanced, diversified portfolio, a hallmark of a well-rounded brokerage platform.
Taken together, HYCM's combination of competitive trading conditions, broad market access, and a suite of supporting tools makes it a credible, well-rounded option for retail traders at all levels. The range and quality of its offering reflects a broker that takes the needs of its clients seriously.
Pros & Cons
Pros
- Regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
- Free demo account available
- MetaTrader 4 and MetaTrader 5 supported
- cTrader platform available
- Copy trading and social trading available
- iOS and Android mobile apps available
- No deposit fees
Cons
- No negative balance protection
- Withdrawal fees apply
- Inactivity fees charged on dormant accounts
- Not available in all countries
Compare Brokers Similar To HYCM
| HYCMlearn more about HYCM |  learn more about Pepperstone |  learn more about XTB | |
|---|---|---|---|
| Broker | HYCM | Pepperstone | XTB |
| Rating | 8.00 / 10 | 8.90 / 10 | 8.90 / 10 |
| Minimum Deposit | $100 | $200 | $0 |
| Year Founded | 1977 | 2010 | 2002 |
| Headquarters | UK | Australia | Poland |
| Regulated By | Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi├ó╦å┼í├óÔÇ░┬Ñn Nacional del Mercado de Valores, Komisja Nadzoru Finansowego |
| Clients | 10,000+ | 10,000+ | 250,000+ |
| Find Out More | Visit HYCM website Losses can exceed deposits | Visit Pepperstone website CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Visit XTB website 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Regulation
Key Takeaway
Regulated by: Financial Conduct Authority (FCA), FCA reference number 186171. HQ: N/A.
HYCM holds regulatory oversight from Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
HYCM, as a company, has a robust framework of rules put in place to ensure honest trading on its platform. For data encryption purposes, the platform uses an industry-standard 256-bit SSL encryption. Client funds are kept in segregated accounts independent of the company's operating funds, offering a key level of client fund security.
In accordance with the organisation's privacy policy, customer data is not disclosed to any outside parties or individuals. That includes credit history and other financial details. HYCM must hold adequate capital reserves as required by its regulatory bodies, providing traders further assurance that the firm operates within regulated parameters. The table below details the key regulatory data points for HYCM.
- Regulation
- Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
The regulatory authority or authorities that oversee HYCM's operations. Regulation provides a framework of rules designed to protect client funds and ensure fair trading practices.
- Negative Balance Protection
- No
- Losses can exceed your initial deposit. When trading on margin, you may owe more than the funds held in your account, so careful risk management and the use of stop losses is essential.
- Guaranteed Stop Loss
- No
- Stop losses are not guaranteed and may experience slippage in fast-moving or gapping markets. This means your actual loss on a trade could exceed the intended stop level, so it is important to factor this into your position sizing and risk management.
- Excluded Countries
- Brazil, South Korea, Iran, Iraq, Syria, Japan, United States
This broker does not accept clients from these countries due to regulatory restrictions or local compliance requirements.
Platforms
Key Takeaway
Available platforms: MT4, MT5, cTrader.
HYCM has operated as a reputable trading platform since 1977. The trading platform a broker offers is one of the most important factors when choosing a broker, as it directly affects your day-to-day experience.
Different platforms suit different types of traders. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are widely regarded as the industry standard for forex and CFD traders, particularly those who use automated strategies or custom indicators. cTrader is popular among traders who prioritise execution quality and transparent pricing. Some brokers also offer a proprietary platform built in-house, which can offer a more integrated experience across trading and account management.
Beyond the core platform, it is worth considering whether the broker offers mobile apps for iOS and Android, a demo account for risk-free practice, and features such as social or copy trading that may align with your trading goals. The table below details the full range of platform features and tools available at HYCM.
- Platforms
- MT4, Tablet & Mobile apps
- MT4
- Yes
- Industry-standard forex and CFD platform. Supports Expert Advisors (EAs), thousands of custom indicators, and automated trading strategies.
- MT5
- Yes
- Next-generation platform with additional asset classes, more chart timeframes, and a more powerful strategy tester.
- cTrader
- Yes
- Professional-grade platform built around DMA execution and level-2 pricing. Supports cBot automated trading and advanced order management.
- Proprietary Platform
- Not available
- Demo Account
- Yes
- Practice trading risk-free using virtual funds before depositing real money. Ideal for beginners and anyone evaluating the platform.
- Social Trading
- Yes
- Follow, view, and replicate the trades of other traders on the platform. Popular with newer traders looking to learn from others.
- Copy Trading
- Yes
- Automatically mirror the trades of selected investors directly into your account. Popular with passive investors who want market exposure without active management.
- ZuluTrade
- Not available
- DupliTrade
- Yes
- Automated trading platform linking traders to professionally managed strategies that replicate into your account automatically.
- Hedging
- Not available
HYCM does not permit hedging. Traders who use hedging as a risk management strategy should note this limitation.
- Trailing Stop
- No
- Scalping
- Not available
Scalping is not permitted at. High-frequency traders should consider this carefully before opening an account.
HYCM Awards
At the time of writing this HYCM review, and despite HYCM's impressive offering, the company has surprisingly not garnered any awards to date.
Copy Trading
Data not available for this broker.
Apps
The ability to trade from a mobile device or desktop application has become an important part of the modern trading experience. Whether managing open positions away from your desk, tracking price alerts throughout the day, or simply preferring a dedicated app over a web browser, the quality of a broker's apps can have a real impact on day-to-day trading.
A well-designed trading app should deliver the same core functionality as the full desktop platform, including the ability to place, modify, and close orders, live charts and real-time price feeds, and complete account and balance management. The best apps also include biometric login for quick, secure access, push notifications for price alerts and account activity, and layouts optimised for touchscreen use on smaller screens.
For traders who move between devices, consistent access across iOS, Android, and desktop operating systems ensures the trading experience is not disrupted when switching between devices. The table below outlines the full app availability at HYCM.
- Windows App
- Yes
- A dedicated desktop client for Windows is available, offering a more responsive experience than the web browser version.
- Mac App
- Yes
- A native Mac application is available, providing a streamlined experience on macOS.
- Linux App
- No
- No Linux desktop application is offered. Linux users can trade via the web-based platform.
- iOS App
- Yes
- A dedicated iOS app is available for iPhone and iPad, allowing traders to monitor markets, manage positions, and place orders on the move.
- Android App
- Yes
- An Android app is available, giving traders full platform access from any Android smartphone or tablet.
Fees
Key Takeaway
Commission: N/A. Min spread EUR/USD: N/A. Inactivity fee: Yes.
HYCM is an online broker, and most online brokerages tend to charge lower fees than traditional brokerages. The reason for this online brokers operate at significant scale, meaning they are not limited by physical branch networks or the size of their client base.
However, this does not mean online brokers don't charge fees. There are two main categories of fees to be aware of: trading fees and non-trading fees.
Trading fees are charged when you make a trade, such as buying or selling a stock, forex pair, or CFD. These typically take the form of a spread, a commission, or an overnight financing rate. Spreads refer to the difference between the buy and sell price. Commissions can be fixed or based on the traded volume. Overnight rates apply when you hold a leveraged position for longer than one trading session.
Non-trading fees cover actions outside of placing trades, such as deposits, withdrawals, account inactivity, or currency conversion. These fees vary significantly from broker to broker and can add up for infrequent traders not actively managing their account. The table below breaks down the specific fees applicable at HYCM.
- Minimum Deposit
- $100
The minimum amount required to open a live trading account with HYCM. A lower minimum deposit makes the platform more accessible for newer traders testing the broker.
- Withdrawal Fees
- Yes
- Fees apply when withdrawing funds from your account. Check the HYCM website for the specific amounts, as these may vary by payment method.
- Deposit Fees
- No
- No deposit fees are charged. Funding your account is free regardless of the payment method used, keeping your initial outlay lower.
- Inactivity Fees
- Yes
- A fee is charged if your account remains inactive for a set period. Be aware of this if you do not plan to trade regularly, to avoid unexpected deductions from your balance.
- CFD Fees
- No
What Can You Trade With HYCM in 2026?
Note: HYCM offers many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can differ depending on the country of residence of the client.
HYCM has a wide variety of over 100 instruments available for you to trade with.
If trading currency pairs is of interest to you then HYCM offer over 40 currency pairs.
Compare HYCM, Pepperstone, XTB below.
| HYCMlearn more about HYCM | learn more about Pepperstone | learn more about XTB | |
|---|---|---|---|
| Platforms | MT4, MT5, cTrader, MT4, Tablet & Mobile apps | MT5, cTrader, MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, cTrader, MT4, Mirror Trader, Web Trader, Tablet & Mobile apps |
| Instruments Available | 100 | 100 | 1,500 |
| Forex & Crypto | |||
| Forex Pairs Available | 40 | 70 | 50 |
| Offers Major Forex Pairs? | No | No | No |
| Offers Minor Forex Pairs? | No | No | No |
| Offers Exotic Forex Pairs? | No | No | No |
| Offers Cryptocurrencies? | No | No | No |
| Commodity CFD's | |||
| Commodities Offered | 10 | 16 | 21 |
| Trade Metals? | No | No | No |
| Trade Energies? | No | No | No |
| Trade Agricultural? | No | No | No |
| Indices & Stock CFDs | |||
| Stocks Offered | 10 | 60 | 1696 |
| Trade UK Shares? | No | No | No |
| Trade US Shares? | No | No | No |
| Trade German Shares? | No | No | No |
| Trade Japanese Shares? | No | No | No |
| Visit HYCM website Losses can exceed deposits | Visit Pepperstone website CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Visit XTB website 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
Education
Key Takeaway
Demo account: Yes. Educational videos: N/A.
Access to quality educational content is a significant advantage for traders at all levels, particularly for those who are newer to the markets or looking to develop their skills. A broker that invests in its educational resources demonstrates a long-term commitment to client success, rather than simply acquiring new accounts.
Good broker education typically covers the fundamentals of forex and CFD trading, market analysis, risk management, and trading psychology, delivered through a mix of written guides, video content, and live webinars. Regular webinars and live sessions are particularly valuable, as they allow traders to engage with market professionals and ask questions in real time. The table below details the educational resources available at HYCM.
- Forex Education
- Yes
- Educational content covering forex trading fundamentals is available, including guides on currency pairs, pip values, leverage, and how the forex market operates.
- CFD Education
- Yes
- CFD-specific educational content is provided, including explanations of how CFDs work, margin and leverage, and the risks involved in leveraged trading.
- Weekly Webinars
- Yes
- Regular weekly webinars are available, typically covering market analysis, trading strategies, and current events affecting the financial markets.
- Beginner Videos
- Yes
- A library of beginner-focused trading videos is available, covering the basics of trading, how to use the platform, and introductory guides to key financial markets.
- Regular Client Webinars
- Yes
- Regular webinar sessions are available to active clients, providing updates on market conditions, trading opportunities, and platform features.
Research Tools
- Daily Market Commentary
- Yes
- Daily written commentary covering key market developments, scheduled economic events, and significant news is provided.
- Forex News
- Yes
- A dedicated forex news feed is available, covering currency market developments, central bank decisions, and key macroeconomic data releases.
- Economic Calendars
- Yes
- An economic calendar is available, listing upcoming data releases, central bank announcements, and other market-moving events with their expected impact.
- Trading Central
- Yes
- Trading Central is integrated, providing professional-grade technical analysis, chart pattern recognition, and trade ideas across a range of markets.
- Autochartist
- Yes
- Autochartist is integrated, providing automated chart pattern recognition, volatility alerts, and trade opportunity identification across multiple markets.
Deposits & Withdrawals
Key Takeaway
Min deposit: $100. Methods: N/A.
The range of deposit and withdrawal methods a broker supports is an often overlooked but important part of the overall trading experience. The speed, cost, and convenience of moving funds in and out of your account matters alongside trading conditions, particularly for traders who move funds regularly or want to avoid unnecessary processing fees.
Most online brokers support a standard selection of funding methods, bank transfers, major credit and debit cards, and popular e-wallets such as PayPal, Skrill, and Neteller. Bank transfers are typically fee-free but can take several business days to process, while card and e-wallet payments tend to be credited more quickly, making them the preferred option for traders who need immediate access to funds. The table below outlines the funding methods available at HYCM.
- Bank Transfer
- Yes
- Bank transfer is supported for both deposits and withdrawals. This method is typically fee-free but can take several business days to process, making it better suited to larger or less time-sensitive transactions.
- Credit Card
- Yes
- Credit and debit card funding is supported, typically offering faster processing times than bank transfers. Card deposits are generally instant or same-day, making them one of the most convenient ways to fund your account.
- PayPal
- Yes
- PayPal deposits and withdrawals are supported, offering fast processing and an additional layer of separation between your bank account and the broker.
- Skrill
- Yes
- Skrill is supported as a deposit and withdrawal method, offering fast processing and broad international accessibility.
- Neteller
- Yes
- Neteller is accepted for deposits and withdrawals, providing fast transfers and a widely used option popular with forex and CFD traders.
Customer Support
The quality of a broker's customer support can be easy to overlook until you actually need it. When an issue arises with a deposit, a platform login, or an account query, the ability to reach a knowledgeable, responsive support team quickly can make a significant difference to your trading experience.
The best broker support teams are available across multiple channels, including live chat for immediate responses, phone for urgent or complex issues, and email for non-time-sensitive queries. Multilingual support is also an important consideration for traders who do not speak English as a first language, and can reflect the broker's commitment to serving a global client base. The table below outlines the support channels and languages available at HYCM.
- Live Chat
- Yes
- Live chat support is available, providing quick access to the support team for account questions, platform assistance, and general queries.
- Phone Support
- Yes
- Telephone support is available, allowing traders to speak directly with a support representative for urgent or complex account matters.
- Email Support
- Yes
- Email support is available for non-urgent queries, providing a written channel for account questions, document submissions, and detailed enquiries.
- Languages
- English, Chinese, Chinese (Traditional), Arabic, and Russian
The languages in which customer support and platform materials are available. Broader language support reflects the broker's ability to serve an international client base effectively.
Frequently Asked Questions — HYCM
- Can I try HYCM before I deposit?
Absolutely! HYCM provides a free demo account, allowing you to explore the platform using virtual funds before committing real money.
When you sign up for a demo account with HYCM, you are given a set amount of virtual funds to trade with. This lets you build confidence in the platform and test your trading strategies without any financial risk.
With a HYCM demo account you can open and close positions, try different strategies, and familiarise yourself with the trading environment for as long as you need.
- Is HYCM safe?
HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. Regulated brokers must comply with strict financial conduct rules including client fund segregation, capital adequacy requirements, and regular reporting to their licensing authority. This significantly reduces the risk to traders compared to unregulated providers.
Note that HYCM does not offer guaranteed stop-loss protection.
- Why does HYCM ask for my passport?
When you open a live account with HYCM, they are required to verify your identity. This is a regulatory requirement known as KYC — Know Your Customer.
Because large sums of money move through financial platforms, regulated brokers must ensure they are not facilitating money laundering or fraud. Providing a copy of your passport or government-issued ID is standard practice across the industry and helps HYCM remain compliant with their licensing obligations.
- How can I start trading with HYCM?
Getting started with HYCM is straightforward. Visit the HYCM website and complete the registration form with your personal details. You will then need to go through the standard KYC (Know Your Customer) verification process.
Once your account is verified, you can make your first deposit. The minimum deposit for a live account is $100. You should have a good understanding of online trading before committing real money, as losses can exceed deposits.
If you are new to trading, the best way to start is by opening a demo account first to practise without financial risk before switching to a live account.
- Is my money safe with HYCM?
HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 and is required to hold client funds in segregated accounts, separate from the company's own operating funds. This means your capital is protected even in the unlikely event that the broker faces financial difficulties.
HYCM also protects client data using SSL encryption. Always ensure you are accessing HYCM through their official website.
- Is HYCM regulated?
Yes, HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. Regulated brokers are required to segregate client funds, meet minimum capital requirements, and adhere to conduct standards set by their licencing authority.
- Is HYCM legit?
Yes, HYCM is a legitimate broker. The company was established in 1977 and is headquartered in UK, and is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
HYCM operates with transparency and you will not encounter hidden costs or misleading practices that are characteristic of fraudulent platforms.
- Is HYCM a scam?
No, HYCM is not a scam. They are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 and must adhere to their rules and conduct standards. This makes it safe to say that HYCM is not a fraudulent platform.
- Is HYCM a good broker?
HYCM offers a range of features including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader trading platforms, multiple payment methods, and a free demo account.
Whether HYCM is the right broker for you depends on your individual trading needs, experience level, and the markets you want to access. We recommend comparing HYCM with alternative brokers to find the best fit.
- Is HYCM a trustworthy broker?
Yes, HYCM is a trustworthy broker. Their operations are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048, meaning they must meet strict financial conduct standards.
HYCM has 10,000+ registered users.
- What is the minimum deposit for HYCM?
The minimum deposit to open a live account with HYCM is $100. This is the lowest amount required to start trading with real money. Always check the HYCM website for the most current requirements.
- How long do HYCM withdrawals take?
Withdrawal processing times at HYCM vary depending on the method used. Typically, withdrawals are processed within 1–3 business days, though bank transfers can take up to 7 working days to appear in your account.
Withdrawals are available in the following currencies: USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Note: HYCM may charge fees on withdrawals. Check the broker website for exact amounts.
- When was HYCM founded?
HYCM was founded in 1977 in UK. They are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
- How many people use HYCM?
HYCM is a globally recognised broker with 10,000+ registered customers.
- Where is the HYCM head office?
HYCM has its head office in UK. Their registered address is: 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN.
- Which countries does HYCM support?
HYCM operates globally. However, due to regulatory restrictions, HYCM cannot accept clients from: BR,KR,IR,IQ,SY,JP,US. If you are unsure whether HYCM accepts clients from your country, check directly with the broker before opening an account.
- Can you make money with HYCM?
Many traders use HYCM to trade the financial markets, and some do generate consistent returns. However, trading financial instruments — particularly leveraged products such as CFDs — carries a high risk of loss.
While HYCM provides the tools and platforms to trade, they cannot guarantee profits. You should ensure you understand how the products you are trading work and that you can afford to bear the risk of potential losses.
Losses can exceed deposits
- Does HYCM have fees?
HYCM requires a minimum deposit of $100 to open a live account. Trading fees typically include spreads and, in some cases, overnight financing charges on leveraged positions.
Any fees charged by your bank or payment provider for deposits and withdrawals are your responsibility. Check the HYCM fee schedule on their website for full details.
- What trading platforms does HYCM offer?
HYCM offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, alongside MT4, Tablet & Mobile apps. MetaTrader platforms support automated trading via Expert Advisors and custom indicators.
- Does HYCM offer a demo account?
Yes, HYCM offers a free demo account, allowing traders to practise with virtual funds before committing real money. This is particularly useful for newcomers or anyone who wants to evaluate the platform before depositing.
- Does HYCM offer negative balance protection?
No, HYCM does not offer negative balance protection. This means that in extreme market conditions, it is theoretically possible for your account balance to go below zero. Traders should be aware of this and manage their risk accordingly.
- Does HYCM offer guaranteed stop loss?
HYCM does not currently offer guaranteed stop loss orders. Standard stop loss orders are available, but these may not protect against market gaps. Traders who require guaranteed stops should consider this when evaluating the platform.
- Does HYCM allow scalping?
Information on scalping at HYCM is not currently listed. We recommend contacting HYCM directly to confirm whether this trading style is permitted.
- Does HYCM allow hedging?
Information on hedging at HYCM is not currently listed. Contact HYCM directly to confirm their policy.
- Does HYCM offer copy trading or social trading?
Yes, HYCM offers both copy trading and social trading. Copy trading allows you to automatically mirror the positions of experienced traders, while social trading lets you follow and engage with other traders on the platform.
- What funding methods does HYCM accept?
HYCM accepts the following funding methods: bank transfer, credit and debit card, PayPal, Skrill, and Neteller. Processing times and any applicable fees may vary by method.
- Does HYCM accept bank transfers?
Yes, HYCM accepts bank transfers for depositing funds. Bank transfers are one of the most secure methods of funding a trading account, though they typically take 1–5 business days to process.
- Does HYCM accept credit cards?
Yes, HYCM accepts credit and debit cards for depositing funds. Card deposits are typically processed instantly, making them one of the fastest ways to fund your account.
- Does HYCM accept PayPal?
Yes, HYCM accepts PayPal as a deposit method. PayPal provides a quick and secure way to fund your trading account without sharing your bank or card details directly with the broker.
- Does HYCM accept Skrill?
Yes, HYCM accepts Skrill for depositing funds.
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 that operates in over 120 countries and supports more than 40 currencies. Funds deposited via Skrill are typically processed instantly. Skrill is regulated by the Financial Conduct Authority and the Central Bank of Ireland for its European activities.
- Does HYCM accept Payoneer?
Yes, HYCM accepts Payoneer for depositing funds.
Payoneer is an American financial services company offering online money transfer and digital payment services, operating in over 200 countries and territories in more than 150 currencies. Companies like Airbnb, Amazon, Google, and Upwork use Payoneer for mass payouts worldwide.
- Does HYCM accept Neteller?
Yes, HYCM accepts Neteller for depositing funds. Neteller is a widely used e-wallet service that allows quick and secure deposits to trading accounts.
- Does HYCM offer live chat support?
Yes, HYCM offers customer support through live chat. This provides quick access to the support team for account questions, platform assistance, and general queries.
- Does HYCM offer phone support?
Yes, HYCM offers customer support by telephone. You can reach them on +44 20 8816 7812.
- Does HYCM offer email support?
Yes, HYCM offers customer support by email. You can contact them at support@hycm.com. Email is best for non-urgent queries, documentation submissions, or detailed account questions.
- What languages does HYCM support?
HYCM can communicate with and support customers who speak: English, Chinese, Chinese (Traditional), Arabic, and Russian.
- Does HYCM have a Wikipedia page?
No, HYCM does not currently have an official Wikipedia page.