HYCM

HYCM is a well-regarded forex and CFD broker offering access to a broad range of currency pairs and other markets on MetaTrader platforms. It provides flexible account types, education and research resources, and multilingual support in a straightforward setup.

Key facts

8.7/10
Our rating
#30
Trust rank
1977
Founded
4
Licences
205
Countries accepted
HeadquartersUnited Kingdom
Broker typeMarket Maker, STP
RegulationFCA; CySEC; DFSA; CIMA
PlatformsMT4, MT5
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, Metals
Fee levelMedium

Updated

Pros

  • • Multi-jurisdiction regulation (FCA, CySEC, DFSA, CIMA)
  • • MT4 and MT5 platforms with EA support
  • • Multiple account types (Fixed, Classic, Raw) incl. Islamic accounts
  • • Competitive pricing with tight raw spreads and low commissions
  • • Negative balance protection and segregated client funds
  • Cons

  • • Offshore CIMA entity for most international clients
  • • No guaranteed stop-loss orders
  • • Inactivity fees on dormant accounts
  • • Limited platforms (MT4/MT5 only; no cTrader)
  • • Wider spreads on Standard/Fixed accounts
  • Key Features

  • • Regulated in the UK Cyprus UAE and Cayman Islands
  • • MetaTrader 4 and MetaTrader 5 platforms
  • • Account types Fixed Classic Raw
  • • Forex and CFD trading on indices commodities and shares
  • • Negative balance protection and segregated client funds
  • • Support for algorithmic trading and expert advisors
  • How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    Frequently Asked Questions

    HYCM operates under financial oversight in multiple regions. You open an account with a specific entity based on your location. That entity follows local rules for client money and disclosures. Your funds are typically kept in segregated accounts separate from company funds. The firm applies anti-money laundering checks and internal controls. Some entities may provide negative balance protection; terms can vary by region and account type. You should read the Client Agreement and key information documents in your portal before funding. This is general information only, not financial, legal, or investment advice.

    HYCM supports desktop, web, and mobile trading platforms with charting, order types, and risk controls. You can choose account types based on pricing and features. Options commonly include spread only pricing or a model that combines tighter pricing with a commission. Execution style, margin requirements, and product access can vary by entity. Platform tools cover alerts, custom layouts, and algorithm support, subject to the platform and your region. Review the account comparison and legal documents to see what applies to you. This is general information only, not financial, legal, or investment advice.

    With HYCM, you can trade forex pairs and contracts for difference on metals, energies, indices, shares, and selected digital assets, depending on your entity. Product lists, trading hours, and contract specifications can vary by region. You should check details for each instrument, including tick size, minimum order, margin, and overnight financing. Not all products suit all clients, and some instruments can be highly volatile. Practice on a demo if available and read the risk disclosures before you trade real funds. This is general information only, not financial, legal, or investment advice.

    Your total trading cost at HYCM depends on your account type and the instrument. Some accounts use spread only pricing, while others combine tighter pricing with a commission per trade. Costs can also include overnight financing for positions held beyond the trading day, conversion charges when your account currency differs, and inactivity fees. Deposit and withdrawal providers may add their own charges. Pricing can change with market conditions and your entity. Always review the fee schedule, product sheets, and legal documents in your portal. This is general information only, not financial, legal, or investment advice.

    You can fund and withdraw through common payment methods available in your region. You must use methods in your own name, and the firm may decline third party payments. Processing depends on method, verification status, and compliance checks. Some providers or banks may charge separate fees. Limits and available currencies can vary by entity. Track requests in your client portal and contact support if something seems delayed. Keep your profile details and documents current to avoid holds. This is general information only, not financial, legal, or investment advice.

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