“HYCM provides a simple and transparent trading offering suitable for both beginner and advanced traders. Users can access commission-free trading and low spreads on a good selection of markets, as well as trade from both MetaTrader 4 and MetaTrader 5.”
From our observations, HYCM provides a simple and transparent trading offering suitable for both beginner and advanced traders. Users have access to 3 core types of trading accounts called Fixed, Classic and Raw. The first two offer commission-free trading with low spreads from 1.8 and 1.2 pips respectively and the Raw account offers commission-based trading but with raw spreads from just 0.2 pips.
Users can trade on more than 300+ financial CFD instruments across Forex, Indices, Stocks, Cryptocurrencies, Commodities and ETFs from the globally recognised MetaTrader 4 and MetaTrader 5 trading platforms for desktop, web and mobile. There are also extensive videos to help traders with these platforms and customer service is also good.
Is HYCM regulated?
Most entities are regulated by the UK FCA, CySEC and CIMA. However, HYCM Limited is not regulated.
Where is HYCM based?
HYCM is based at 18 King William Street, London, EC4N 7BP, United Kingdom.
How does HYCM make money?
HYCM makes money mainly through spreads and swaps on certain tradable asset classes and commissions on certain trading accounts.
How do I deposit in HYCM account?
Funds can be deposited into a trading account via debit or credit card, bank wire transfer, Neteller, Skrill or WebMoney.
What is the min. deposit for HYCM ?
The minimum deposit for HYCM is 100 USD.
How do I withdraw money from HYCM ?
Withdrawals can be made from HYCM via debit or credit card, bank wire transfer, Neteller or Skrill from the My HYCM client portal area.
What is the max leverage in HYCM ?
The maximum leverage offered by HYCM Limited is 1:500 but is different depending on the region.
How do I open an account with HYCM ?
An account can be opened at the click of a button on the HYCM website and can be done in just a few steps.
Does HYCM use MetaTrader?
Yes, MetaTrader 4 and MetaTrader 5.
“HYCM is a multi-regulated broker providing trading services since 1977 to trade on more than 300+ financial CFD instruments across Forex, Stocks, Indices, Cryptocurrencies, Commodities and ETFs from the globally recognised MetaTrader 4 and MetaTrader 5 trading platform.”
HYCM is part of the Henyep Group which is an international conglomerate with businesses in financial services, property, education and charity. The broker has entities authorised and regulated by the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission and the Cayman Islands Monetary Authority.
HYCM Limited, which operates www.hycm.com is an International Business Company registered in Saint Vincent and the Grenadines and as such is not regulated but does offer negative balance protection.
The broker offers three types of trading accounts called Fixed, Classic and Raw which have competitive spreads and a mix of commission-free and commission-based trading. Users are offered more than 300+ financial CFD instruments to trade on, across Forex, Stocks, Indices, Cryptocurrencies, Commodities and ETFs. The broker also offers Islamic swap-free trading accounts and demo trading accounts.
The globally recognised MetaTrader 4 and MetaTrader 5 trading platforms for Desktop, Web and Mobile are offered by the broker. As well as a large range of trader research and education tools which includes articles, videos, live market analysis, seminars and webinars and access to 24/5 customer support in multiple languages.
- Commission-free trading available.
- Raw spread accounts available.
- 300+ financial CFD instruments to trade on.
- Can trade on MetaTrader 4 and MetaTrader 5.