HYCM Review in 2025 Spreads & Fees Compared

HYCM has been operating since 1977, giving it over 40 years of experience in offering access to forex and other instruments. This long history not only shows that HYCM has extensive experience but also means that the broker has survived various economic and global crises. Our HYCM broker review team feels that this indicates a high degree of financial responsibility and financial durability.

HYCM Standard Account

Our review of HYCM found that this forex broker is perfect for beginner traders. You will gain access to all of the educational resources that you will need. From videos explaining how to use the platform to a range of e-books, HYCM’s education section is very full and competent. HYCM is a market maker, and the broker has a clear execution policy outlined in its documentation.

HYCM Offered Commodities

Brokers like hycm must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. Hycm is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries hycm covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. We aim to provide you with all the information in this hycm review you need to determine if hycm is the right fit for you.

• HYCM takes this a step further and stores those funds in Tier-1 banks, providing you with additional peace of mind.
• With a low minimum deposit of just 20 USD across all accounts, HYCM makes professional-grade trading accessible to both new and experienced traders.
• For clients adhering to Islamic finance principles, Swap-Free Accounts are also available, ensuring compliance with Sharia law by eliminating overnight interest charges.
• Every day on the market is filled with events, discoveries and surprises.
• A hycm demo account provides a risk-free environment for experimenting with the hycm platform’s features and trading strategies before risking your actual funds.

Its DFSA-regulated 🇦🇪 UAE entity also meets strict financial standards for retail protection. HYCM is owned by the Henyep Capital Markets Group, a global conglomerate that operates in the financial services, education, property, and charity sectors. The group has been in business hycm review since 1977 and has offices in major financial centres worldwide. To meet the needs of different traders, there are several transaction options available. They include bank wire and transfers, debit and credit cards, and eWallets. Withdrawing money from hycm processing time varies depending on the method but averages 1-5 days.

• The broker also utilizes margin calls if you are trading on leverage.
• Without a doubt, HYCM remain a reliable partner in my trading ventures, and I am confident in their continued dependability.
• I found myself in this company not so long ago, about 7 months ago.
• The platform provides access to popular financial instruments, including Forex pairs, major global indices, commodities like gold and oil, and popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). You can trust HYCM as it is a MiFID regulated and FCA authorised broker. It maintains a reliable trust score of 88, classifying it as “Trusted” according to ForexBrokers.com. The user-friendly economic calendar, which can be sorted by nation, category, impact, dates, and more, may help you keep track of market news events. Many analysts see the calendar as an essential component of basic analysis.

Advantages of Using a Forex VPS for Trading

These services require significant investment, and in turn, hycm may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall hycm trading profitability. I think that all hycm reviews should be based on a lot of trading experience, because it is hard to write a full honest broker review if you have been trading with them for 1 month. I think that during this time it will not be possible to take advantage of all the advantages of the broker or notice some disadvantages.

What Platforms Does HYCM Offer?

We do not present any investment advice or guarantees for the accuracy and reliability of the information. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners.

The company states that its policy aims to satisfy customer needs and improve technical functionality. Sign up for a live account at HYCM, and you will be ready to start trading within minutes. HYCM makes it easy to contact customer support, as you can select the message icon in the bottom-right corner of the page. Clicking on this gives you the option to simply click to contact support via Intercom (messages), Facebook Messenger, Telegram, WhatsApp, Viber, or Skype. Alternatively, you can click on “Live Chat” at the top of the website. You can also find and contact HYCM on Facebook, Twitter, LinkedIn, Instagram, YouTube, and CrunchBase.

To withdraw money from your HYCM account, log in to your account, go to the withdrawal section, choose your preferred withdrawal method, and follow the instructions to complete the process. The number of assets available for trading depends on the type of account selected. After the registration procedure, you will have access to the HYCM personal account. However, to trade Forex and have the ability to withdraw funds, we recommend that you go through the verification process. HYCM additionally has an FAQ section in the Help Center that is reasonably robust. The questions are divided into intuitive categories, and there is a convenient search feature.

My account manager is Mr. Shekho who has always been helpful, with a positive attitude and detailed in his responses, particularly via email communication. HYCM uses a dynamic forex leverage model, which is available only on the MetaTrader 4 platform. The general rule is that as the volume of a selected trading instrument increases, the client will be granted access to lower maximum leverage. HYCM is not an ECN broker, but a market maker, which matches client orders internally without the need to connect to a liquidity provider. Thus, it operates a Dealing Desk model and as such, it may take the other side of its clients’ trades.

Similar to fixed spread accounts, a standard account can be opened with an initial deposit of as low as $100, and the minimum trade volume allowed is 0.01 lots. However, unlike fixed spread accounts, classic accounts allow for more competitive variable spreads starting from 1.2 pips. Our team of experts will outline for UAE-based traders the trading conditions that come with the different account types offered by HYCM. HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms.

These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their hycm clients’ funds. Moreover, I always had certain tasks and plans, which I had been creating for several years and never thought about Forex or anything like that.

This combination of flexibility and cost-efficiency underscores HYCM’s commitment to providing value and transparency in its service offerings, making it a preferred choice among global traders. The Standard account at HYCM is specifically designed to cater to entry-level traders, offering a no-commission trading structure which allows for cost-effective participation in the markets. It features competitive spreads that enhance the trading experience without the burden of additional transaction costs. Furthermore, the low minimum deposit requirement makes this account highly accessible, lowering the barrier to entry for new traders who may be hesitant to commit large sums of capital initially. This setup is ideal for those just beginning their trading journey, providing them with a supportive environment to develop their skills while managing their investment prudently.

IC Markets Global

HYCM stands out with its strong regulatory presence across top-tier jurisdictions such as FCA and DFSA, ensuring a high level of safety and credibility. However, other brokers like OANDA and CMC Markets benefit from even wider regulatory coverage across multiple regions. In terms of funding methods, HYCM offers numerous payment methods which are a very good plus, yet check according to its regulations whether the method is available or not. The broker also has offices in major cities around the world, including London, Hong Kong, Kuwait, and Dubai, while complying with the regulatory agencies in each jurisdiction. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Yes, based on your detected country of FI, you can open an account with this broker.

This includes the ability to set a stop loss, take profit, limit orders, and trailing stops. The broker also utilizes margin calls if you are trading on leverage. If you are looking for the lowest spread the broker has to offer then the HYCM Raw Account is an excellent choice.