HYCM is a well-established broker since 1977. HYCM has headquarters in Hong Kong, United Arab Emirates and United Kingdom. They are generally well-suited for HYCM to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by Cayman Islands Monetary Authority 1442313, CySEC 259/14, DFSA (Dubai) 000048, FCA (UK) 186171 and FSA (St. Vincent & Grenadines) 25228.


Company Information

Website
www.hycm.com

Established
1977

Country
Hong Kong, United Arab Emirates and United Kingdom

Regulation
Cayman Islands Monetary Authority, 1442313
CySEC 259/14
DFSA (Dubai), 000048
FCA (UK), 186171
FSA (St. Vincent & the Grenadines), 25228

Features

Islamic accounts available

Account Information

Apart from the forex demo account, this broker offers FIXED, Classic and RAW. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by HYCM is up to 1:325. Meanwhile, you can open an account with a starting capital of $100

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


pin

Minimum Deposit

$100

pin

Maximum Leverage

1:325

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Spread

Fixed

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Commission

$4


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, HYCM also offers some instruments you would like to trade on, such as Forex, Stocks, Indexes, Soft commodities, Metals, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for FIXED account, HYCM specifically provides it with the following instruments and leverage:


Forex

Forex
1:325

Indexes

Indexes
1:89

Metals

Metals
1:205

Energies

Energies
1:226

Cryptocurrencies

Cryptocurrencies
1:20


Minimum Deposit $100

Minimum Position 0.1 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, HYCM also offers some instruments you would like to trade on, such as Forex, Stocks, Indexes, Soft commodities, Metals, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Classic account, HYCM specifically provides it with the following instruments and leverage:


Forex

Forex
1:325

Indexes

Indexes
1:89

Metals

Metals
1:205

Energies

Energies
1:226

Cryptocurrencies

Cryptocurrencies
1:20


Minimum Deposit $200

Minimum Position 0.1 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-Cancels-Other (OCO) orders

One-click trading

Browser-based platform

Instruments Traded

Besides lots of currency pair, HYCM also offers some instruments you would like to trade on, such as Forex and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for RAW account, HYCM specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Cryptocurrencies

Cryptocurrencies
1:20

Payment Methods

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

HYCM also provides payment with Credit/debit cards




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, HYCM offers you MetaTrader 4 and MetaTrader 5.

Customer Support

Do you have any question or find any trouble related to HYCM? If you do, you should reach HYCM's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Chinese
Russian

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

Formerly known as HY Markets, HYCM is a forex broker headquartered in London, UK. First established in 1977, this broker now has been regulated by the FCA (Financial Conduct Authority), the UK's trustworthy and reputable regulatory agency for more than 20 years. Besides, HYCM has also been regulated by other reputable agencies like CIMA (Cayman Islands Monetary Authority), CySEC (Cyprus Securities and Exchange Commission), and DFSA (Dubai Financial Services Authority).

Regulated by world-renowned financial regulators as well as having representations in the United Kingdom, Hong Kong, Cyprus, and Dubai, clients who open an account in HYCM can rest assured they are trading with a solid and secure company that excels in delivering one of the best trading solutions.

As a part of Henyep Group, HYCM opts to provide wide access to various trading markets including currencies, stocks, and commodities. Besides, HYCM has accumulated a large collection of awards since its inception, including World Finance’s Best Mobile Trading Platform (2017) and Global Banking & Finance Review's Best Forex Broker, UAE (2017).

Its recognition as an industry leader has helped HYCM to be known as the best broker across the globe. With a long track record of its ability in providing an outstanding and trustworthy trading experience, HYCM offers clients everything they need to make well-informed trading decisions.

HYCM offers some excellent trading conditions for their clients, including great liquidity and low spreads, as well as delivering a super-efficient service. Those services are in line with their commitment to focus on fast execution and low-cost trading. Any trading conditions offered by HYCM is differed by the instruments being traded:

Forex

  • Spread: starts from 0.2 pips
  • Maximum Leverage: 1:30

Stocks

  • Spread: starts from 18 pips
  • Maximum Leverage: 1:5

Indices

  • Spread: starts from 2.0 pips
  • Maximum Leverage: 1:20

Commodities

  • Spread: starts from 3.0 pips
  • Maximum Leverage: 1:20

Since HYCM is intended to be a broker of the most updated technology, they strive to stay ahead of industry trends by adopting the latest technologies to fulfill their clients' evolving needs. HYCM provides both MetaTrader 4 (MT4) and MetaTrader5 (MT5) trading platforms, to assist traders from all skill levels, together with advanced technical analysis, flexible trading systems, and Expert Advisors, as well as mobile trading applications.

For those who are newbies to the forex field, HYCM has helped much by preparing lots of educational resources and comprehensive product offerings. There are some forex tutorials, trading strategies, forex ebooks, and beginners' courses. Trading in HYCM also provides some useful tools, including calculators, economic calendar, news, and market outlook. Those overall services are a good choice for investors of all kinds, from beginners to professionals.

Last but not least, HYCM also offers various convenient deposit and withdrawal methods through bank transfer, credit card, and e-payment (Neteller, Skrill). Although bank transfers can take up to 5 days to appear in the trading account, all other methods are instantly processed for immediate trading. Numerous currencies are accepted as base currency including US Dollar and Euro, as well as KWD (Kuwaiti Dinar), AED (United Arab Emirates Dirham), RMB (Chinese Yuan), and SAR (Saudi Riyal).

If you are looking for a reputable and trustworthy broker with whom to begin trading and invest your funds, HYCM is a good choice. As they are fully licensed and regulated, investors are guaranteed the security of their financial and personal details. The choice of user-friendly trading platforms makes HYCM a sensible selection for both novices and experienced traders.




FAQ About HYCM


Is HYCM a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if HYCM is a good broker for you or not by reviewing the criteria. In general, HYCM provides trading service in Forex , Stocks , Indexes , Soft commodities , Metals , Energies and Cryptocurrencies . As for the payment methods, you can choose between Credit/debit cards, Neteller, Skrill, WebMoney and Wire transfer. The customer support is available via Callback, Email, Live chat and Phone.


What is the minimum deposit for HYCM?

The starting capital in HYCM is $100.


Is HYCM regulated?

HYCM is regulated by Cayman Islands Monetary Authority 1442313, CySEC 259/14, DFSA (Dubai) 000048, FCA (UK) 186171 and FSA (St. Vincent & Grenadines) 25228. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is HYCM legit?

HYCM is a brokerage company offering trading services for clients since 1977 with offices in Hong Kong, United Arab Emirates and United Kingdom.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


25 Reviews

Jiang Thong
Account Number: (256895624785xxx)
This review is half reliable

Nov 12 2021

I’m very interested in stock trading. I briefly viewed the list of stocks and as I remember, it was big enough. However, I was in a hurry and couldn’t pay much attention to all the details. So, I want to make clear one thing. Can I trade the same number of stocks on both Metatrader 4 and Metatrader 5? It’s very crucial for me because I intend to work on Metatrader 5 here. I want to make sure that most stocks can be traded on Metatrader 5.

Hung Trong
Account Number: (54210236523xxx)
This review is half reliable

Nov 6 2021

The company was founded in 1977, which means that it has been on the foreign exchange market for many years. This is a very good round-the-clock technical support service, all questions are solved quickly, professionally and correctly. I like the fact that they have a good choice of trading platforms and support both MT4 and MT5.
I would also like to thank them for their great affiliate program to attract referrals. I earn less in this affiliate program than I do in trading but nevertheless it is a great buffer for me in bad months.
However, first of all, you choose your broker according to trading conditions, of course. In HYCM they are one of the best. The broker has a very wide range of trading assets, for example, the broker has more than 200 shares for trading.
There are several types of accounts, with fixed and floating spreads, and the minimum deposit is only $100.

Sidiq Iswahyudi
Account Number: (1000500201xxx)
This review is half reliable

Oct 23 2021

It is very important to pay attention to the fact that the broker was founded in the 1970s in order to be sure that the broker is trustworthy. I do actually appreciate the fact that the broker supports both platforms: mt4 and mt5. I believe that MetaTrader products are among the most popular in trading. There is also a great variety of different financial instruments which a trader can use in their trading. Stocks, forex, and even crypto are located in one place and a trader is able to trade them without switching from one broker to another one.

Wira Uwais
Account Number: (235262356xxx)
This review is half reliable

Oct 16 2021

I was looking for a way to make money and be at home. Having freedom is very important for me. That is why I recently opened a HYCM demo account. This broker was advised to me.
I use the Metatrader 5 trading platform. This was also advised to me and I do not regret it. It is convenient to trade here. There is a really large selection of indicators for trading.
Tell me, what are the best indicators to use if I trade stocks and gold?

Bastian Weib

Nov 26 2021

Wira Uwais:

If we talk about the best indicators for stock trading, I like the ADX indicator. I use this indicator to determine the direction and strength of the trend. Among the oscillators, I use the standard MACD and Stochastic Oscillator indicators. I advise you to try these indicators. In spite of the fact that they are much talked about, they are really the best.
When it comes to gold trading, I like the signals shown by the RSI indicator. With this indicator, you can estimate the strength of upward and downward impulses.
In general, I want to advise you to trade the gold with a great indicator called Overlay Charts. It works based on the correlation of assets. The price of gold depends on the value of the U.S. dollar as well as the price of oil. When the dollar falls in value, gold goes up as everyone starts buying precious metals, but the opposite is true with oil.

Reksa Andriani
This review is not supported by evidence

Oct 5 2021

Good day, everyone. I want to start my way to a brighter future for myself and my family. I have chosen the road of the trader. I am confident that it is up to me. I took a long and painful training course, but I am confident that I will continue to move forward. Yesterday I began to look for a broker. My choice was HYCM broker.
I read the reviews on the Internet about this broker and it helped me to make this decision. I did not check on my own experience how the platform works or how the withdrawal of money, that is still ahead of me. But registration was quick and easy. If we talk about why I chose this broker, first of all, I liked the fact that it has been on the market for many years and has an excellent reputation. Also among its accounts, there is an account with fixed spreads, which is very important for my trading strategy.

Ngu Keat Hoi
Account Number: (235655875xxx)
This review is half reliable

Sep 26 2021

The company is known on the market for its age. It would seem that with such experience, variety of services, innovative technology, etc., a broker should be perfect. I have been working with HYCM for about 8 months now. So far I really like this broker. They offer competitive spread rates and most withdrawals are instantaneous. Let me tell you a little story about my experience. I have worked with 4 different brokers and many of them had problems with slippage and spreads. But HYCM does not have any of these problems. The broker's website has a handy 5 questions form that will help you with the selection of a trading account.

Joier Friesen
Account Number: (20xxx)
This review is half reliable

Sep 21 2021

I’ve been trading on a Raw account here for more than two months. I don’t see anything negative. The broker does its job well, although I don’t think that such an experienced and regulated broker could do the opposite.
I have always traded manually and on my own. I have never relied on robots. I’m very conservative as a trader. However, there’s a need to try something special. I’m currently teaching my brother to trade and would like to open a joint account here. I heard it’s real. Is it true?

Mario Negri

Oct 27 2021

Joier Friesen: Yes, it is really true. An account can be converted into a joint account if the individual account holder initiates and authorizes the process. Everything you need to do is just to apply to customer service, which will help you to handle this task.

G. Vijandren
Account Number: (3201255004xxx)
This review is half reliable

Sep 5 2021

Actually, I always pick a broker according to personal preferences and convenience is the most important feature in trading with a broker for me. That's why I tend to spend plenty of time on the process of choosing a broker. Of course, I don't advise traders to waste their time on this process, nevertheless, I have my own preferences as I said. HYCM surprised me by its approach to traders, mostly because I found here great customer support, which often can meet my needs and answer my questions. Moreover, I should admit that the system of account diversification is quite useful and adds a bit of competitiveness.

Wafa Comar
Account Number: (236658975421xxx)
This review is half reliable

Aug 24 2021

As far as I am concerned it's really vital for traders to have a broker who will help to sort out various issues, that's why HYCM has multilingual customer support with an opportunity to connect with them via email and live chat. I believe that it's a great indicator of a reliable broker which values not only its reputation but also cares about traders. In addition, I want to note the ability to choose the most suitable trading platform.

Giau Hoa
Account Number: (21356897758xxx)
This review is half reliable

Aug 16 2021

HYCM broker looks really reliable and consistent because of its reputation and long history. Traders value this broker highly and it really matters while choosing a broker. However, I have certain difficulties and don't really know how to choose the right trading account. I mean that there are three different accounts with different conditions but I don't really know what kind of conditions are suitable for me and my trading style.

Gulzar Chandran
Account Number: (2016980236xxx)
This review is half reliable

Aug 7 2021

The history of HYCM broker began in 1977 in Great Britain and it has gained a place among the world's leading investment companies. Regularly organize cycles of webinars, educational courses. 3 types of accounts are available to clients of this company. You can take a small test, through which by answering five questions you can determine which of the three accounts suits you best. Round-the-clock technical support by very qualified staff. They trade on two platforms MT4 and MT5, and mobile as well. The instruments are forex, energy, stocks, commodities, metals, indices. The broker allows automatic trading, hedging positions. These are not all the advantages. It is a pleasure to work with such a company. A good, reliable, years-proven broker, I definitely recommend it.

Jose Munoz
This review is not supported by evidence

Jul 27 2021

Broker HYCM is where I found myself. I changed many jobs and professions. I was constantly looking for something that would bring me pleasure and money. Of course, I didn't become a millionaire in the first month (and now too;) but I got the opportunity to make money and be at home. It was all hard at first. It takes a lot of study and practice.
First, I opened a HYCM demo account. This is a great chance to understand how to trade and create your own trading strategy. You must understand that your own trading strategy is very important. Without this, you will not be able to make a profit. Perhaps this is just my opinion, but I'm sure it's true.

Baigy
This review is not supported by evidence

Aug 10 2020

Tried placing a position on MT5 and the order takes long to process and sometime it keep asking for re quote. Spread are bit too much for buying positions. This is just the demo I wonder how many problems I’ll have with real account. It’s very important to have good server otherwise it’s useless to trade.

Berk Samanci
This review is not supported by evidence

Aug 8 2020

I trade with HYCM long enough to have a full opinion. Broker has good regulation, good spreads and excellent reputation. My experience confirms that all this is not for nothing and the broker is really good, so I can recommend it.

Ranjani
This review is not supported by evidence

Aug 8 2020

The broker works on mistakes. I talked to one of the managers and I didn't like the way of the conversation, as I felt that the manager was NOT interested in me starting to trade with my $500. In other words, the manager was speaking to me in a passive way.
I understand that this broker has traders with large deposits and my deposit is not very important for it, but I don't expected such attitude. Btw I requested a withdrawal and received it in four hours.

Fadil
This review is not supported by evidence

Aug 6 2020

terrible , they play with spread and widen it in unfair way , specially if they see you wining. i dont recommend dealing with

Barta Dabukke
This review is not supported by evidence

Aug 5 2020

Personally, I liked HYCM right away. It certainly doesn't mean that I started trusting it immediately and instantly opened an account here. At first I checked the brokerage, the reviews on the web about it were more positive than negative or neutral. Then I looked at the broker's trading conditions. And these conditions with positive reviews convinced me that it is worth trying what my trading with HYCM will be like. In general, I'm satisfied and will continue to trade with this brokerage, as it didn't give me reason to doubt it.

Pintar Tangier
This review is not supported by evidence

Aug 2 2020

This broker is all about respect and everything is designed in the way, when you respect the brokerage and feel that it respects you as well. Of course, spreads aren't the lowest that you can find, but it compensates with stable multiple-regulations, more than 40 years history and a lot of awards. Maybe some traders don't like awards, but for me this is not just trinkets, but the sign of broker's reliability.

Prinsloo
This review is not supported by evidence

Aug 1 2020

I trade in the mood for pleasure, sometimes it turns out to be a plus, sometimes it turns out to be a minus. This broker was chosen at random. A few years ago. When I go out on the plus side, I sometimes withdraw money in small amounts, I do not earn large sums here, but as well I have never experienced problems with withdrawals.

Giulio Damiani
This review is not supported by evidence

Jul 31 2020

For a broker it's just a way to attract additional clients and for the company it costs practically nothing.
Yes, I agree that trading with a broker is good, but I feel that a broker is designed for people with a rich wallet, I feel uncomfortable here. I can't even explain the reason, but that's my opinion.

Lam AW
This review is not supported by evidence

Jul 30 2020

I trade it for 3 years and can get positive feedback only - mininimum deposit starts at 100 dollars. brokerage is 100% regulated, no slippages, lags or occasions, withdrawals take 2-3 days, never more.

Kazibwe
This review is not supported by evidence

Jul 29 2020

The conditions of this company are really good for me.
There are no problems with withdrawal of funds, I have tried different payment systems.

Tony Coleman
This review is not supported by evidence

Jul 22 2020

HYCM is one of the reliable forex brokers. I have been trading at HYCM this year and there are no problems. Quick execution, tight spreads, withdrawals around 6 days, not bad for me. From the several brokers I have used, the HYCM platform is the most simple one. Although sometimes it went wrong, it doesn't matter either hahahaa...