HYCM Review 2026
Established in 1977
•
UK
• FCA Regulated
HYCM is a well-established broker with a solid 4.3/5 rating. Regulated by FCA (highest protection tier), this broker offers spreads from 0.2 pips on EUR/USD with a minimum deposit of $100. Trade 300+ instruments including forex, CFDs, and more.
📊 HYCM Overview
HYCM is a well-established broker founded in 1977 headquartered in UK. The broker operates under the supervision of FCA , one of the world's most respected financial regulators known for strict oversight and investor protection .
With access to 300+ tradable instruments including 69 forex pairs , HYCM caters to diverse trading strategies. The broker uses STP execution .
| Legal Name | HYCM |
|---|---|
| Founded | 1977 |
| Headquarters |
UK
|
| Primary Regulation | FCA (Tier 1 - Highest Protection) |
| Instruments | 300+ assets |
| Min Deposit | $100 |
| Max Leverage | 1:500 |
📖 HYCM — In-Depth Introduction
Few brokers can match the 49-year legacy of HYCM, a true industry pioneer that has weathered multiple market cycles. The FCA license held by HYCM represents the gold standard in forex regulation. Traders can operate with confidence knowing their funds are protected by one of the world's most respected financial authorities. HYCM positions itself as a premium choice for cost-conscious traders, with EUR/USD spreads averaging just 0.2 pips—significantly below the industry average of 1.0 pip.
Company Background
HYCM has been operating in the financial services industry for 49 years. Headquartered in UK, the company has weathered multiple market cycles including the 2008 financial crisis and the 2020 pandemic volatility, demonstrating operational resilience.
The broker provides access to 300+ tradable instruments.
💸 HYCM Fees — Complete Cost Analysis
HYCM's fee structure is designed for high-volume traders who understand that every pip counts. The 0.2 pip average spread on EUR/USD translates to real savings over hundreds of trades. On ECN/Raw accounts, HYCM charges $4.0 per lot round turn in addition to raw spreads. This transparent pricing model is preferred by many professional traders. Consider this cost analysis: with 0.2 pip spreads, each standard lot trade on EUR/USD costs $2 in spread. An average retail trader making 50 trades monthly would spend approximately $100 on spreads.
Trading Costs Breakdown
💡 Cost Calculator: HYCM
Non-Trading Fees
| Fee Type | HYCM | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is HYCM Safe? — Complete Security Analysis
Safety and fund security are paramount when choosing a broker, and HYCM excels in this area with a Trust Score of 88/100. This rating reflects strong regulatory compliance, robust fund protection measures, and a clean operational history. Client funds at HYCM are held in segregated accounts at top-tier banks, completely separate from the company's operational funds. This means even in the unlikely event of broker insolvency, your money remains protected and inaccessible to creditors.
Regulatory Framework
HYCM is regulated by FCA.
Security Features Checklist
Understanding the Trust Score
Our 88/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use HYCM?
✅ Best For
- Beginners will appreciate HYCM's low $100 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Scalpers and high-frequency traders should consider HYCM for its 0.2 pip spreads and rapid execution. Every fraction of a pip saved adds up when executing dozens of trades daily.
- Muslim traders can benefit from HYCM's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
- HYCM's copy trading functionality makes it ideal for passive investors who want market exposure without active management. Follow successful traders and replicate their strategies automatically.
- Professional traders will appreciate HYCM's institutional-grade features: tight spreads, advanced platforms, API access, and high leverage options (where permitted).
❌ May Not Suit
- Those seeking the absolute lowest trading costs.
Looking for alternatives?
📝 The Bottom Line on HYCM
HYCM is a solid choice for most traders looking for reliability with a 4.3/5 rating.
📈 HYCM Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how HYCM performed in our rigorous testing:
HYCM offers a solid trading experience with competitive conditions.
💰 HYCM Fees & Spreads
Understanding trading costs is crucial for profitability. HYCM uses a variable spread model with commissions of $4.0 per lot round turn. The average EUR/USD spread is 0.2 pips — one of the lowest in the industry.
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.1 | 0.2 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | $4.0/lot |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with HYCM:
- Spread Cost: 0.2 pips × $10/pip = $2.0
- Commission: $4.0 round turn
- Total Cost: $6.0 per lot
🛡️ HYCM Regulation & Safety
HYCM is regulated by FCA, a Tier 1 - Highest Protection regulatory authority. This means the broker must adhere to the strictest financial regulations, including capital requirements, regular audits, and mandatory investor protection schemes.
📜 Regulatory Licenses
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 88/100
High Trust: HYCM has demonstrated excellent regulatory compliance and safety standards.
🖥️ HYCM Trading Platforms
HYCM offers 3 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✓ | ✓ | ✗ |
| Copy Trading | ✓ | ✓ | ✓ |
| Algo Trading | ✓ | ✓ | ✗ |
| VPS Available | ✓ Free VPS | ||
| API Access | Not available | ||
🌐 HYCM Tradable Instruments
HYCM offers access to 300+ tradable instruments across multiple asset classes. This includes 69 forex pairs .
👤 HYCM Account Types
HYCM offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Replicate successful traders
💳 HYCM Deposits & Withdrawals
HYCM requires a minimum deposit of $100 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ HYCM Pros & Cons
✅ Pros
- Ultra-low spreads from 0.2 pips on EUR/USD
- Top-tier FCA regulation ensures high safety standards
- Offers both MetaTrader 4 and MetaTrader 5 platforms
- Free demo account available for practice
- Low minimum deposit of just $100 makes it accessible
- Negative balance protection for retail traders
- Copy trading available for passive investing
- Swap-free Islamic accounts available
❌ Cons
- Limited educational resources for advanced traders
📚 HYCM Education & Research
HYCM's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 HYCM Customer Support
HYCM offers customer support to assist traders with their queries.
⭐ HYCM User Reviews
📝 User reviews will be displayed here. Share your experience with HYCM!
Write a Review🏆 HYCM — Our Verdict
HYCM is a solid choice for most traders. With FCA regulation, 0.2 pips EUR/USD spreads, and a $100 minimum deposit, this broker is particularly accessible for beginners .
Best for: Scalpers and high-frequency traders , Safety-focused traders , Beginners with limited capital , Passive investors
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ HYCM — Frequently Asked Questions
Is HYCM a safe and regulated broker?
Yes, HYCM is regulated by FCA, which is a Tier 1 - Highest Protection regulatory authority. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at HYCM?
The minimum deposit at HYCM is $100. This is considered low and accessible for beginners.
What trading platforms does HYCM offer?
HYCM offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- MetaTrader 5 (MT5) — Advanced multi-asset platform
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are HYCM's spreads on EUR/USD?
HYCM offers EUR/USD spreads from 0.1 pips with an average of 0.2 pips. On ECN accounts, there's a commission of $4.0 per lot round turn.
How long do withdrawals take at HYCM?
Withdrawal processing times at HYCM depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does HYCM offer a demo account?
Yes, HYCM offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is HYCM's maximum leverage?
HYCM offers maximum leverage of 1:500. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:500 may be available
Higher leverage increases both potential profits and potential losses.
Can I use HYCM in ?
HYCM accepts traders from . The broker operates under FCA regulation. Always verify current availability and applicable regulations on the broker's website.
Does HYCM offer Islamic (swap-free) accounts?
Yes, HYCM offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact HYCM's support to request an Islamic account.
What instruments can I trade with HYCM?
HYCM offers access to 300+ tradable instruments:
- 69 Forex currency pairs
