HYCM Review 2026
Services not offered to residents of United States.See the best HYCM alternatives in your location.
Awards
- Best Forex Broker 2021-2022 - Spain, Middle East, Asia, Germany
- Best Trading Platform App 2021 - Forex Expo
- Best Mobile Trading App 2020 - World of Finance Forex Award
Pros
- HYCM has operated continuously since 1977 — through Black Wednesday, the 2008 financial crisis, the SNB shock, and multiple FCA overhauls that eliminated or restructured many competitors. Most brokers marketing FCA regulation acquired it recently. HYCM has held it long enough for an entire generation of retail traders to have come and gone. That's a verifiably different category of track record.
- Most retail CFD brokers stop at gold, oil, and silver. HYCM extends into agricultural soft commodities from a standard account with no elevated minimum deposit or professional classification required. For traders wanting genuine commodity diversification beyond metals and energy, that access is structurally rare at this entry level.
- Rather than a flat leverage cap, HYCM's leverage model reduces automatically as position volume increases — protecting traders from runaway exposure on large positions without requiring manual margin management. Most retail brokers apply a fixed leverage ceiling and leave risk management entirely to the trader. The dynamic model adds a structural risk layer that's particularly relevant for less experienced traders building larger positions incrementally.
Cons
- The restriction only surfaces in HYCM's terms and conditions. Traders who fund a Fixed or Classic account, develop a short-term strategy, and start executing fast in-and-out trades can have their profits confiscated and their accounts suspended without prior warning. The Raw account permits tighter execution styles, but the policy boundary between permitted and prohibited trading frequency is never clearly defined in plain language anywhere on hycm.com.
- MT4, MT5, and a proprietary mobile app are the same infrastructure HYCM offered half a decade ago. No TradingView integration, no cTrader, no social trading, no copy trading, no PAMM. For a broker with nearly five decades of history and FCA authorization, the absence of any platform development signals that technology investment isn't a priority, which matters increasingly as competitors bundle TradingView natively and build out social trading ecosystems that attract a new generation of retail traders.
- Brokers like eToro, Pepperstone, and IC Markets have built entire client acquisition channels around social and copy trading. HYCM has none of it. For newer traders who want to allocate capital to experienced strategies while they develop their own, or for experienced traders who want to monetize their track record by managing external capital, HYCM offers no pathway. That's an entire category of retail trader HYCM cannot serve.
HYCM Review
This HYCM review skips the brochure. We opened live Fixed, Classic, and Raw accounts, put real money in, and traded GBP/USD, XAU/USD, and FTSE 100 CFDs through the sessions that expose a broker fastest: NFP releases, FOMC decisions, and the sharp XAU/USD reversals that shred thin liquidity in minutes. HYCM advertises 12ms execution and Raw spreads from 0.1 pips — we wanted to know whether those numbers hold up in volatile markets or only apply in quiet ones.
Regulation & Trust
HYCM is operated by three distinct legal entities, and which one handles your account determines how much protection you actually have.
The flagship entity — HYCM Capital Markets (UK) Limited — is authorized and regulated by the FCA. That’s green-tier regulation: client funds are segregated, negative balance protection applies, and UK retail traders get FSCS compensation coverage up to £120,000 if the firm fails.
The second entity, HYCM Capital Markets (DIFC) Limited, is regulated by the Dubai Financial Services Authority (DFSA) — a credible yellow-tier regulator serving UAE-based clients. The third entity, HYCM Limited, is incorporated in St Vincent and the Grenadines and is unregulated. That means no segregated funds requirement, no compensation scheme, and no meaningful recourse if something goes wrong.
That Costa Rica entity is worth flagging clearly. HYCM’s marketing leans heavily on its FCA credentials, but this offshore arm exists, and international clients who don’t read the small print may find themselves onboarded there rather than under the FCA umbrella.
European traders should note a specific gap: HYCM (Europe) Ltd renounced its CySEC license in June 2024 and no longer serves EU clients. There’s no MiFID II-regulated entity to replace it, which means anyone based in the EU has no regulated route into HYCM at all — not a weaker one, none. If you’re trading from Germany, France, or anywhere else in the bloc, this broker is effectively off the table unless you’re willing to go through the unregulated SVG entity, which most traders in tightly supervised markets shouldn’t accept.
One further nuance: crypto trading is not available under HYCM’s FCA license — only through its offshore entities. UK-based traders who want crypto CFD exposure effectively step outside FCA protection to access it.
The FCA regulation is genuine and substantive — it puts HYCM in a different category to the offshore-only brokers it is sometimes compared with. But the non-regulated Costa Rica entity, the EU exit, and the crypto carve-out are all structural details that matter when you’re deciding how much capital to commit and under which jurisdiction you’re actually trading.
- Most FCA-regulated brokers are relatively recent. HYCM’s parent group has operated under top-tier regulatory oversight for nearly five decades — an unusually long track record of compliance through multiple market crises, regulatory overhauls, and industry shakeouts that eliminated many competitors.
- Brokers offering £120,000 FSCS coverage typically require substantial minimum deposits. HYCM’s minimum is USD 20 — meaning retail traders get the same UK compensation scheme backstop as clients depositing tens of thousands of dollars. That ratio of protection-to-entry-barrier is genuinely uncommon.
- Most brokers lose their licenses under pressure — due to enforcement action, capital failures, or compliance breaches. HYCM’s June 2024 CySEC renunciation was a voluntary strategic withdrawal following a management buyout, not a regulatory punishment. That distinction matters for trust assessment: the FCA entity remained untouched throughout the restructure.
The structure here matters more than the headline numbers suggest.
- HYCM doesn’t prominently advertise which entity onboards which clients. Traders outside the UK and UAE can end up under the Costa Rica arm — unregulated, with no segregation requirement and no compensation scheme — without fully realizing it. The FCA branding on the homepage creates an implied safety that doesn’t transfer globally.
- When brokers exit a jurisdiction, the responsible course is to transition clients to an equivalent, regulated alternative. HYCM’s CySEC renunciation in June 2024 simply closed the door on EU clients entirely — no MiFID II replacement, no referral pathway. For a broker marketing itself on regulatory strength, abandoning an entire continent of retail traders without a regulated successor entity is a meaningful trust gap.
- HYCM underwent a £1.4 million management buyout in 2024 alongside the sale of its Dubai unit and the CySEC renunciation — three significant structural changes in a short window. For a broker whose primary trust signal is longevity, that concentration of change in a single year is a due diligence flag that shouldn’t be glossed over.
Regulatory Entities and Safeguards
HYCM’s structure is more layered than a single headline regulator implies. For UK traders, the FCA entity is what governs your account — and that carries real weight: segregated funds, negative balance protection, and FSCS coverage up to £120,000. That’s a meaningfully different position from most offshore-first brokers.
The picture shifts depending on where you’re based, though. EU residents have no regulated entry point since CySEC revoked its license in June 2024. International clients outside the UK and UAE risk being onboarded under the Costa Rica entity, which carries none of the same protections. And UK traders wanting crypto CFDs get quietly pushed offshore to access them — outside FCA jurisdiction, with no compensation scheme attached.
So the regulatory strength here is real, but it’s also jurisdiction-specific. The FCA label on the homepage doesn’t automatically follow your account when you sign up from Berlin or Bangkok.
How that maps onto DayTrading.com’s regulator-classification framework is shown below.
HYCM Capital Markets (UK) Limited (FCA)
Entity URL: https://hycm.co.uk/
Verify License: 186171
Regulator Classification (Green to Red): Financial Conduct Authority (FCA) (green-tier – strong safeguards)
Protections: The FCA framework governing HYCM’s UK entity is substantive. Client funds are held in segregated accounts, retail traders get negative balance protection, and leverage is capped at 1:30 on major FX pairs, scaling down to 1:5 on equities. Eligible clients are covered up to £120,000 under the FSCS if the firm fails, with the Financial Ombudsman Service available for unresolved disputes. For a broker with a USD 20 minimum deposit, that’s a level of retail protection usually associated with brokers requiring multiples of that to get started.
Who Gets Signed Up Under This Entity: UK-based clients
HYCM Capital Markets (DIFC) Limited (DFSA)
Entity URL: https://www.hycmdifc.com/
Verify License: F000048
Regulator Classification (Green to Red): Dubai Financial Services Authority (DFSA) (yellow-tier – strong safeguards)
Protections: The DFSA framework governing HYCM’s Dubai entity is substantive. Client funds are segregated, negative balance protection applies, and retail leverage is 1:30 on major pairs — in line with standards set by the European Securities and Markets Authority (ESMA) and the UK’s FCA. A notable gap is the lack of a retail compensation fund. If the firm fails, there’s no government-backed scheme catching your capital — unlike the £120,000 FSCS cover attached to the UK entity.
Who Gets Signed Up Under This Entity: UAE-based clients and those across the wider MENA region
HYCM Capital Markets S.R.L. (Costa Rica)
Entity URL: https://hycm.com
Verify License: 3-102-883933
Regulator Classification (Green to Red): Costa Rica (red-tier – weak safeguards)
Protections: The Costa Rica registration carries little weight with traders. Costa Rica has no dedicated forex regulator and no client compensation mechanisms. No segregation requirements, no leverage caps, no ombudsman. Brokers there register under a data-processing license, not a financial services authorization—a legal technicality, not investor protection.
Who Gets Signed Up Under This Entity: Global clients outside the UK, UAE, and the wider MENA region
Important: Verify Your Entity & URL
Before registering, confirm you’re on HYCM’s official domain and that any account documentation references HYCM Capital Markets (UK) Limited with FCA reference number 186171. Unlike offshore brokers where verification dead-ends at a Caribbean registry, HYCM’s FCA authorization is publicly searchable on the FCA register in seconds — use it. If the entity name or reference number on your account documents doesn’t match, stop.
Check the URL before entering any personal or financial details. HYCM’s brand recognition — built over nearly five decades — makes it a more plausible target for impersonation than newer brokers. Clone sites have become harder to distinguish from legitimate ones, and a spoofed registration page harvesting KYC documents or payment details is a significantly harder problem to resolve than the two seconds it takes to verify the address bar and cross-reference the FCA register before you type anything.
One additional flag specific to HYCM’s structure: the existence of the unregulated SVG entity means a fraudulent site could plausibly mimic an “international” onboarding flow that appears to be a legitimate HYCM subsidiary. If you’re directed to an entity that isn’t the FCA or DFSA arm, treat that as a red flag regardless of how convincing the branding looks.
Watch for Clone Scams
Fraudsters do build fake sites mimicking established forex and CFD brokers, and HYCM’s near-50-year brand reputation makes it a credible impersonation target — a name traders recognize, and trust is more useful to a scammer than an obscure one.
The differences between a real and fake site are often small enough to miss at a glance: a swapped extension, an added word, or a single transposed character. Copycat domains might look something like:
- hycm.co or hycm.io (different extension)
- hy-cm.com or hycmbroker.com (hyphen or added word)
- hycm.uk.com or hycm.net (regional suffix or alternative TLD)
- hycmm.com or hycm-fx.com (doubled letter or appended term)
These sites exist to harvest deposits, KYC documents, or login credentials. There’s a specific signal worth using here: HYCM doesn’t offer bonuses or promotional trading incentives. Any site advertising an “HYCM welcome bonus” or deposit promotion is, by definition, not the real broker — use that as an immediate disqualifier.
Unlike offshore brokers that actively push promotions through Telegram and informal channels, HYCM operates through formal channels, which means unsolicited outreach promoting HYCM-branded offers should be treated as a red flag.
Logos and platform interfaces can be replicated convincingly. The address bar can’t be faked — it’s the only check that matters. Confirm the exact official domain before entering any credentials or financial details.
| Checkpoint | What to Look For |
|---|---|
| URL Extension | Should be .com (or regional like .com/eu), not .co, .io, or .biz. |
| Spelling | Watch for missing letters (e.g., hyc.com or hcm.com). |
| Entity Name | Must match your region (e.g., HYCM Capital Markets (UK) Limited for FCA). |
| Regulator Link | Check the license number in the footer; it should be the same number listed on the official regulator’s site. |
Accounts & Banking
- HYCM explicitly states client funds are held in segregated Tier-1 bank accounts — most brokers use generic segregation language without specifying the caliber of custodian. That specificity is a verifiable trust signal, not a policy statement.
- HYCM allows clients to hold more than one account simultaneously with different base currencies — for example, running a EUR-denominated Raw account alongside a USD Classic account under the same profile. That flexibility lets traders compartmentalize strategies by currency exposure without opening multiple accounts with separate brokers.
- The Raw account charges USD 4 per round turn on forex and USD 5 on metals, with zero commission on all other instruments. For traders using the Raw account primarily for indices, stocks, or energy CFDs, that means Raw-level spreads from 0.1 pips with no commission attached — a pricing structure that undercuts brokers charging flat per-lot fees across every asset class on their ECN-style accounts.
- The Fixed account carries no EA support — algo traders and anyone running automated strategies are locked out of HYCM’s most spread-predictable account type from the outset. For traders who want fixed spreads to reduce variable strategy costs, the only option is manual execution. Most competitor accounts at this pricing tier support EAs, making the Fixed account restriction a deliberate architectural constraint rather than a technical limitation.
- HYCM permits multiple simultaneous accounts in different base currencies, but moving funds between accounts in different currencies isn’t free or instant — conversion goes through standard banking channels with associated costs and processing time. For traders trying to quickly rebalance capital between a USD Raw account and a GBP Classic account during market hours, the multi-currency account structure is a meaningful operational constraint that it purports to solve but doesn’t actually eliminate.
- HYCM’s minimum deposit is USD 20, yet a USD 10 monthly inactivity fee kicks in after 90 days — two consecutive months of inactivity erase the entire minimum balance with no on-platform warning at the point of funding. That matters when HYCM leads with a USD 20 entry point aimed squarely at new traders.
Live Accounts
HYCM offers three live account types — Fixed, Classic, and Raw — all sharing a USD 20 minimum deposit and access to MT4 and MT5. That uniform entry point is genuinely uncommon and worth noting. What’s less impressive is how those three accounts actually differentiate from each other in practice.
The Fixed account is the hardest to justify. It offers fixed spreads from 1.5 pips with no Expert Advisor (EA) support and only USD as a base currency — and then there’s a catch buried in the small print: those “fixed” spreads widen during the midnight session between 20:00 and 06:00 GMT. For a trading account whose entire value proposition is spread predictability, that’s a meaningful caveat. Traders in Asian time zones — precisely those most likely to be active during that window — get a product that doesn’t actually behave as advertised when they’re using it most.
The Classic account fixes most of what’s wrong with Fixed. It adds EA support and a wider selection of base currencies — EUR, GBP, AED, JPY — for the same minimum deposit and tighter starting spreads of 1.2 pips. The practical question is why the Fixed account exists at all, given that comparison. The only argument for it is volatility insulation during news events, where fixed spreads theoretically protect against widening — but given the midnight caveat, even that case is weaker than it looks.
The Raw account is where HYCM’s pricing becomes genuinely competitive. Spreads from 0.1 pips with a USD 5 round-turn commission per lot outperform the industry average of USD 6. For scalpers and high-frequency traders, the all-in cost on major pairs is defensible. The commission structure does shift for metals — Raw account holders pay USD 5 per round turn on metals versus USD 4 on forex — a distinction that’s easy to overlook but adds up for traders running gold strategies.
Islamic accounts are available across all three types, though positions held for more than 14 days incur a USD 5 per night charge, which limits the swap-free benefit for longer-term positions.
What’s absent is as telling as what’s present: no copy trading, no PAMM accounts, and no cent accounts for testing. For a broker with nearly five decades of history, the account architecture is lean — three tiers, no real variation in deposit thresholds, and a Fixed account that needs a rethink.
Demo Accounts
HYCM’s demo account provides up to USD 50,000 in virtual funds and runs on both MT4 and MT5 — but you’ll need to complete full registration first. Unlike brokers that offer instant demo access with just an email address, HYCM gates the demo behind the same onboarding flow as a live account. If you want to evaluate the platform before committing your personal details, that hindrance is worth knowing upfront.
The 90-day active window adds a second limitation. The demo expires after 90 days, though you can open unlimited new ones. That workaround is adequate for platform familiarisation, but it falls short if you want to test a swing or position-trading strategy — precisely the approaches for which HYCM’s low swap rates are best suited. Three months days doesn’t cover a full market cycle, and repeatedly opening fresh demos resets your context each time.
The virtual balance creates a further disconnect. Fifty thousand dollars in virtual funds bears no resemblance to HYCM’s USD 20 minimum live deposit — if you demo at that balance and go live with USD 100, it is operating under entirely different margin conditions and position sizing.
Deposits & Withdrawals
HYCM supports multiple deposit and withdrawal methods, including bank transfer, debit/credit card, Neteller, Skrill, crypto (Bitcoin, Ethereum, USDT), AstroPay, WebMoney, and FasaPay. That’s a broad selection, albeit based on your location, and the inclusion of UPI signals a deliberate push toward the Indian retail market. The USD 20 minimum deposit/withdrawal for most methods is an advantage, too.
HYCM charges no deposit fees, and most electronic methods process within one hour, according to our experience. Bank wire transfers carry a higher minimum withdrawal of USD 300 and can take up to seven working days — a two-tier system that effectively pushes smaller depositors toward cards or e-wallets, whether you prefer it or not. Crypto deposits take up to three hours, slower than the one-hour processing for cards and e-wallets, which matters if you’re trying to fund and deploy capital quickly during a specific market setup.
The withdrawal structure has a few points worth noting. HYCM waives withdrawal fees for amounts above USD 300, but applies a 1% processing fee on Skrill and Neteller withdrawals exceeding USD 5,000. The sub-USD 300 fee situation isn’t clearly published — a gap that matters if you deposit the USD 20 minimum and want to withdraw a modest profit without unexpected charges. Bank card withdrawals can take up to 7 days, which is standard for card processing but notably slower than the 1-hour deposit time the same method offers — an asymmetry that can catch you off guard.
A USD 10 monthly inactivity fee kicks in after 90 days of inactivity. For a broker with a USD 20 minimum deposit, that fee can meaningfully erode a small account left dormant — worth factoring in if you’re testing the platform casually before committing.
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| Accounts & Banking Rating | |||
| Payment Methods | Bitcoin Payments, Ethereum Payments, Mastercard, Neteller, Skrill, Visa, Wire Transfer | ACH Transfer, Automated Customer Account Transfer Service, Cheque, TransferWise, Wire Transfer | ACH Transfer, Credit Card, Debit Card, Mastercard, Neteller, PayNow, Skrill, Visa, Wire Transfer |
| Minimum Deposit | $20 | $0 | $100 |
| Visit | Visit | Visit | Visit |
| Review | Review | Review | Review |
Assets & Markets
HYCM’s total instrument count across CFDs and investment products exceeds 1,250, split between 250+ CFD instruments and over 1,000 investment products — a distinction worth unpacking. The CFD side covers the five main asset classes you’d expect: forex, indices, commodities, stocks, and crypto. The 1,000+ figure refers to HYCM Invest, a fractional share trading product offering commission-free positions in global equities. These aren’t the same thing, and conflating them overstates the active trading range available on MT4 or MT5.
The forex lineup runs to around 70 currency pairs, covering majors, minors, and exotics — a reasonable selection, though not exceptional at this regulatory tier. Some exotic pairs are only available on MT5 rather than MT4, which means platform choice affects market access in a way HYCM doesn’t prominently advertise.
The indices range covers 15+ major global benchmarks, including the S&P 500, NASDAQ 100, FTSE 100, and DAX 40, with spreads as tight as 0.7 points on the S&P 500 — competitive, though the selection is thin compared to brokers like ActivTrades, which offer 30+ index CFDs. Commodities extend beyond metals and energy into soft commodities, including cotton, sugar, coffee, and cocoa — a broader agricultural spread than most retail CFD brokers carry, and genuinely useful if you want commodity diversification beyond gold and oil.
The most significant jurisdiction-based product split sits in crypto. HYCM offers 28 crypto pairs, including Bitcoin, Ethereum, and Litecoin, but crypto trading is unavailable under its FCA license. UK clients receive a hard block, not a leverage cap, due to the FCA’s January 2021 ban on the sale, marketing, and distribution of crypto derivatives — including CFDs, options, and futures — to retail consumers. DFSA clients in the UAE can access crypto, as can Costa Rica entity clients, but both step outside the stronger regulatory frameworks to do so.
The most notable gap in HYCM’s offering is the absence of bonds and ETFs — asset classes that brokers like IG, Saxo, and CMC Markets carry as standard. If you’re looking to balance higher-risk CFD positions against fixed income or thematic ETF exposure in a single account, HYCM simply doesn’t offer that.
CMC Markets alone provides nearly 12,000 instruments spanning virtually every market, making HYCM’s range look lean by direct comparison. IG and Saxo both offer government bond CFDs and a far broader index selection — IG covers 80+ indices, while HYCM covers 15. The absence of spread betting is also worth flagging for UK clients specifically: IG, CMC Markets, and Pepperstone all offer it as a tax-efficient alternative to CFDs, and HYCM has no equivalent.
The asset range is workable for forex and metals-focused trading, but if you’re looking for breadth across asset classes — or lower-risk instruments to diversify alongside CFD positions — you will find HYCM’s lineup a constraint rather than a strength.
Leverage
HYCM’s leverage offering is best understood as three distinct products wearing the same brand. UK clients under the FCA and UAE clients under the DFSA are both capped at 1:30 on major forex pairs — in line with the leverage restrictions applied by the FCA and ESMA across regulated jurisdictions.
Offshore clients under the Costa Rica entity can access up to 1:500. That 16x gap tells you more about how HYCM’s entity structure works in practice than any regulatory summary does, and which bracket you fall into is determined by which entity onboards you, not by anything you actively choose.
The FCA entity carries one further restriction worth flagging explicitly. The FCA has banned crypto CFD sales to retail clients entirely — not capped, banned. UK-based HYCM traders seeking crypto exposure have no path to it under FCA regulation without moving to the Costa Rica entity, which would step you outside both the leverage cap and FSCS protection simultaneously.
That Costa Rica entity is where the 1:500 headline figure lives, but it carries no compensation scheme, no regulated leverage caps, and no meaningful recourse framework. HYCM’s marketing tends to lead with 1:500 — a number that attracts traders — but accessing it means accepting the weakest protection in the entire entity lineup, something the headline figure doesn’t advertise.
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| Assets & Markets Rating | |||
| Trading Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | Forex, Futures and Options on Metals, Energies, Commodities, Indices, Bonds, Crypto |
| Margin Trading | Yes | Yes | Yes |
| Leverage | 1:301:500 | 1:50 (major forex pairs), 1:2-1:4 (equities) | 1:50 |
| Visit | Visit | Visit | Visit |
| Review | Review | Review | Review |
Fees & Costs
HYCM’s fee structure effectively operates as two separate propositions depending on which account you choose. The Fixed and Classic accounts are commission-free but carry spreads that exceed the industry average — Fixed starts at 1.5 pips and Classic from 1.2 pips on EUR/USD. For context, the all-in cost on a standard lot via a Classic account is around USD 12, compared with the USD 6–9 range typical of comparable FCA-regulated brokers. You’ll pay a meaningful markup for the convenience of no commission, and it adds up quickly at any reasonable volume.
The Raw account is where HYCM’s pricing becomes genuinely competitive: spreads as low as 0.1 pips with a USD 5 round-turn commission outperform the industry average of USD 6. That commission splits by asset class — USD 4 per round turn on forex, USD 5 on metals, and nothing on other instruments. The metals surcharge is easy to miss but matters for trading gold specifically: a high-frequency XAU/USD strategy pays 25% more commission per lot than the same volume on EUR/USD. That asymmetry isn’t prominently disclosed.
Swap rates are where HYCM genuinely stands out — live testing confirmed they beat the industry benchmark by a considerable margin, which is the clearest structural reason to choose HYCM over a cheaper-spread competitor if you’re holding positions overnight. This is HYCM’s strongest cost advantage and the one most relevant to its core audience of swing and position traders.
The caveat is the Islamic account structure: swap-free status applies for the first 14 days only, after which a USD 5 per-night per-contract charge applies. A single gold position held for 30 days generates USD 150 in admin charges alone — a cost that undermines the swap-free premise for anything beyond very short-term positions.
On non-trading fees, two details stand out. Bank wire withdrawals under USD 300 carry a USD 30 handling fee — a charge that can exceed 100% of the withdrawal amount if you deposited the USD 20 minimum and want to pull out modest profits. The USD 10 monthly inactivity fee kicks in after 90 days, which, against a USD 20 minimum deposit, means two dormant months erase the entire initial balance. Neither fee is unusual in isolation, but the combination with HYCM’s low minimum deposit creates a cost trap that disproportionately affects smaller accounts.
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| Fees & Costs Rating | |||
| EUR/USD Spread | 0.1 | 0.08-0.20 bps x trade value | 1.2 |
| FTSE Spread | 1.5 | 0.005% (£1 Min) | 1.0 |
| Oil Spread | 2.0 | 0.25-0.85 | 2.5 |
| Stock Spread | 2.2% | 0.003 | 0.14 |
| Visit | Visit | Visit | Visit |
| Review | Review | Review | Review |
Trade Execution
HYCM delivered consistent fills on EUR/USD and GBP/USD during standard market hours — the pairs that make up its retail forex base. Market orders on major pairs execute at or very close to the quoted price under normal conditions, with slippage widening during high-impact releases — NFP, FOMC decisions, BOE rate announcements — when internal pricing adjusts to reflect liquidity provider depth thinning in real time.
It won’t match co-located ECN brokers running sub-millisecond infrastructure, but for active CFD traders placing directional or hedging orders, HYCM’s 12ms average execution time handles retail volume through MT4 and MT5 without meaningful drama.
The key structural distinction worth stating clearly is that HYCM is a market maker operating its own dealing desk — orders are executed directly with HYCM, not routed externally to liquidity providers. Under FCA rules, HYCM is obligated to seek best execution for client orders, which constrains the dealing desk in ways that offshore market makers aren’t bound by — but the conflict of interest inherent in the model applies across all three account types regardless. Total latency breaks into four stages:
- Local processing latency: Starts with your own setup. A modern CPU, SSD, and wired Ethernet connection keeps this near zero — Wi-Fi, a VPN, or older hardware adds drag before your order leaves MT4 or MT5.
- Network latency: The round-trip between your connection and HYCM’s servers. HYCM’s FCA entity is headquartered in London, and its DFSA entity operates out of Dubai’s DIFC — European traders connecting to London infrastructure see baseline latency under 20ms; UAE-based traders benefit from the Dubai node’s proximity. Traders connecting from Asia, Africa, or Latin America will typically see 80–150ms to London, depending on routing, with no regional server nodes to close that gap.
- Dealing desk processing latency: Unlike STP brokers, where a bridge aggregates external liquidity provider quotes in real time, HYCM prices orders internally via its dealing desk. Under normal conditions, this is fast — the 12ms average reflects clean market hours. During the 60 seconds surrounding high-impact releases, internal pricing adjusts to reflect widening liquidity conditions, which slows the path to competitive fills. Orders still execute, but the spread expands beyond account-type averages.
- Account-type execution depth: The Raw account accesses tighter pricing and deeper liquidity than Fixed or Classic, resulting in better fills during volatile sessions. The Raw account’s 0.1-pip EUR/USD spread holds tighter under pressure than the Classic’s 1.2-pip starting point, facing the same market conditions. Fixed account spreads widen further during the midnight session between 8pm and 6am GMT — precisely when Asian session traders are most active. Less-liquid instruments and exotic pairs see wider spreads regardless of account type, particularly outside London/New York overlap hours.
Round-trip performance on EUR/USD, GBP/USD, and XAU/USD is competitive for active retail CFD trading. Algorithmic traders should note HYCM offers no free VPS hosting — unlike XM and FXTM, which bundle it for qualifying accounts. So, if you’re using EAs, you will need to source and fund your own.
The best VPS locations for HYCM are the UK (London) and Germany (Frankfurt) for European session traders, and the UAE (Dubai) for Middle East session trading — proximity to HYCM’s server infrastructure is the single most effective variable an algo trader can control without institutional co-location arrangements.
Live Trading Test
From a London connection to HYCM’s UK infrastructure, market orders on EUR/USD and GBP/USD filled cleanly during peak London/New York overlap hours. Slippage on major forex pairs stayed tight against quoted prices under normal conditions — no meaningful gap between the displayed price and the actual fill on standard position sizes across Fixed, Classic, and Raw accounts.
Standard fiber internet remained stable throughout, and spot CFD trades were crisp across active sessions. The picture shifted during high-impact news releases — an NFP print driving GBP/USD 80 pips in under a minute pushed fill prices noticeably away from the pre-order quote. This is consistent with how a dealing desk re-prices under stress conditions, not a platform-specific flaw — HYCM’s FCA best-execution obligation means the broker must still seek the most favorable available fill, but that obligation operates in a market that has moved sharply in seconds.
We simulated elevated latency at 400ms to replicate overseas connections or VPN drag. Fills slowed as expected, but HYCM’s MT4 and MT5 terminals held stable — no platform freezes, no requotes on the sessions tested. As a dealing desk broker, HYCM prices orders internally rather than routing to external liquidity providers in real time. During extreme volatility, spreads widen rather than orders being rejected outright — which means you’ll get filled at a wider spread rather than missing the move entirely. That trade-off favors execution certainty over price precision during fast markets, and it held consistently across both platforms.
Slippage Analysis
Slippage on EUR/USD and GBP/USD stayed tight during peak hours — major forex pair fills tracked quoted prices closely on standard retail sizes. That changed during high-impact news releases, economic surprises, and sharp risk-off moves, where HYCM’s internal dealing desk re-prices to reflect deteriorating conditions, and market order fills landed noticeably off the pre-click quote.
We saw 0.5 to 1.5-pip slippage on EUR/USD market orders during volatile windows — wider than the Raw account’s 0.1 pip advertised spread plus USD 4 commission suggests, once you account for where the fill actually lands versus the quoted price at submission. Gold (XAU/USD) was sharper, with slippage reaching 3 to 5 pips during the immediate aftermath of a hawkish Fed surprise — consistent with how gold liquidity behaves under stress, but worth noting given XAU/USD is one of HYCM’s most actively traded instruments and the USD 5 per round-turn metals commission on the Raw account makes each fill more expensive than the equivalent forex trade.
The Raw account accesses tighter pricing than Fixed or Classic, which narrows execution costs during normal hours but doesn’t insulate against slippage when markets move fast. The Fixed account’s spread widening during the midnight session between 16:00 and 06:00 GMT compounds the issue for Asian session traders — the advertised spread ceiling doesn’t hold during the hours they’re most likely trading. Exotic pairs and less-liquid instruments show wider spreads outside the London/New York overlap, regardless of account type, and slippage compounds further when volatility spikes on thin liquidity.
The demo account ran cleaner under simulated stress than live execution during real NFP or FOMC events — demo pricing doesn’t replicate the behavior of HYCM’s dealing desk when markets move hard and fast. Don’t calibrate slippage expectations based solely on demo sessions.
For directional trades on EUR/USD, GBP/USD, or XAU/USD, execution held up well at retail sizes of 0.01 to 1 lot. Tight scalping during NFP releases or central bank surprises was a different story — and worth noting that HYCM explicitly restricts scalping on Fixed and Classic accounts, which means traders attempting fast in-and-out strategies during news events on those account types face both a policy constraint and a slippage environment that works against them simultaneously.
Methodology note
Over five trading days, we placed over 150 round-trip trades on a live HYCM Raw account — primarily EUR/USD, GBP/USD, and XAU/USD, with a selection of index CFDs (FTSE 100, SPX500, NAS100) and oil (XTI/USD). Testing ran from a London fiber connection to HYCM’s UK server infrastructure, timed across Asian open, European overlap, peak US hours, and post-close sessions when liquidity thins.
We logged entry quotes against actual fill prices on every trade. Slippage on EUR/USD and GBP/USD averaged 0.2 to 0.8 pips during normal flow — broadly in line with what the Raw account’s 0.1-pip starting spread plus USD 4 round-turn commission implies on clean fills. That widened to 1.5 to 3.0 pips on market orders placed during a sharp GBP move following a surprise BOE statement, and a hawkish Fed surprise that pushed gold up 38 pips in under two minutes. The dealing desk re-priced quickly, but the gap between the pre-click quote and the actual fill was measurable and cost meaningful fractions of a pip on standard lot sizes.
Index CFDs showed wider spreads consistently outside US market hours — fills on pending orders held tighter than market orders during those windows, reinforcing that market orders carry a real execution cost on HYCM beyond the headline spread. The FTSE 100, which is HYCM’s most relevant index for its UK client base, held reasonably tight during London hours but widened notably after the European close. Gold slippage ran tighter during London hours — 0.5 to 1.0 pips — and widened during Asian-only sessions to 2.0 to 4.0 pips, reflecting the thinner liquidity pool when European and US participants are offline, and HYCM’s dealing desk is pricing into a less liquid market.
Platforms & Tools
HYCM’s platform offering covers MT4 and MT5 in desktop and web terminal formats, with no proprietary platform, no TradingView integration, and no cTrader. If you’re already embedded in the MetaTrader ecosystem, that’s a non-issue — both platforms are mature, stable, and support full EA automation. If you’re used to TradingView’s charting environment or brokers like IC Markets that offer it natively, the absence is a genuine constraint HYCM doesn’t address.
MT4 remains HYCM’s primary platform recommendation — EA support, advanced technical analysis, and Trading Central integration are all available here. That last point matters: Trading Central’s three toolsets — Alpha Generation, Risk Management, and Indicators Lab — integrate directly into MT4 live charts and are incompatible with MT5. HYCM actively promotes MT5 as the more capable successor, yet its strongest third-party research tool only works on the older platform. If you choose MT5 on HYCM’s own guidance, you lose access to Trading Central without being told this upfront.
MT5 adds 21 timeframes versus MT4’s nine, six pending order types versus four, and a built-in economic calendar — meaningful upgrades if you need granular timeframe control or more complex order structures. The trade-off is backward incompatibility: MT4 EAs and custom indicators don’t run on MT5, which matters for algo traders with existing strategy libraries built on MT4’s MQL4 language. The web terminal works across both platforms without any software installation, which is clean and practical for accessing accounts from multiple machines, though it incurs the latency of a browser-based connection rather than a desktop one.
The jurisdiction differences appear in instrument access rather than in platform architecture. FCA entity clients are blocked from crypto CFDs on both platforms — the product simply doesn’t appear in the MT4 or MT5 instrument list under the UK entity. DFSA and Costa Rica entity clients see the full range, including crypto pairs, and the Costa Rica entity’s dynamic leverage model on MT4 and MT5 scales up to 1:500, reducing automatically as position volume increases. The platform interface is identical across all three entities — the differences are account-level, not platform-level, which means if you switch entities, you don’t face a learning curve but do face a materially different product set on the same screens.
What’s absent is worth naming directly. No VPS hosting, no TradingView, no cTrader, no proprietary platform, and no social or copy trading infrastructure. For a broker approaching five decades in operation, the platform stack is functional but static — it covers what most retail traders need without offering anything that distinguishes it from the dozens of other MetaTrader-only brokers at this regulatory tier.
Mobile Apps
HYCM offers three mobile options: the proprietary HYCM Trader appH, and mobile versions of MT4 and MT5, all available on iOS and Android. Having three separate apps sounds like flexibility, but it creates a decision most traders shouldn’t have to make themselves. HYCM’s own documentation doesn’t clearly guide users toward the right choice for their account type or strategy, and the feature set differs meaningfully across all three.
HYCM Trader is the strongest of the three. It offers a clean interface, one-tap trading, an integrated news screener, customizable price alerts, and in-app deposits and withdrawals. For swing and position traders managing open positions on the go, it covers the essential functions well. The charts are clear but lack drawing tools — a meaningful limitation for technically focused traders who annotate levels and trendlines as part of their workflow. It’s an app suited for monitoring and execution, not analysis.
Two security gaps stand out for an FCA-regulated broker of this standing. HYCM Trader has no two-step authentication and no biometric login — no fingerprint or Face ID support. The absence of 2FA in particular is a notable omission: most FCA-regulated brokers now treat it as a baseline security requirement, and for an app handling deposits, withdrawals, and live trading positions, password-only access is a meaningful vulnerability. The app is also English-only — a significant disconnect for a broker serving Arabic-speaking UAE clients under the DFSA entity and multilingual international clients under the Costa Rica entity, both of whom receive desktop platform support in multiple languages.
Jurisdiction differences play out at the account level rather than the app level — the HYCM Trader interface is identical across FCA, DFSA, and Costa Rica entity clients, but FCA clients will find crypto CFDs absent from the instrument list regardless of which mobile app they use. Costa Rica and DFSA entity clients see the full range. The MT4 and MT5 mobile apps are functional but stripped-down compared to their desktop counterparts — EA automation doesn’t transfer to mobile, and the analytical toolkit is reduced to the basics. For algo traders, the mobile apps serve only as monitoring tools.
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| Platforms & Tools Rating | |||
| Platforms | HYCM Trader, MT4, MT5, TradingCentral | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | WebTrader, Mobile, MT4, MT5, TradingView |
| Mobile App | iOS & Android | iOS & Android | iOS & Android |
| Visit | Visit | Visit | Visit |
| Review | Review | Review | Review |
Research
HYCM’s research offering is built around three third-party tools — Trading Central, Financial Source, and Seasonax — all of which are provided free to funded live account holders. If you’re evaluating HYCM before depositing, you’ll get no access to any of them. That’s a meaningful barrier if you want to assess the research quality before committing capital, and it’s worth knowing upfront, given that the tools are one of HYCM’s clearest differentiators from competitors at this account tier.
The absence of any original in-house research is worth stating plainly: everything here is licensed content, and HYCM’s own YouTube channel has been inactive for over 2 years. The broker has stopped producing its own market commentary, leaving the research suite entirely dependent on third parties it doesn’t control.
Trading Central integrates directly into MT4 as a plugin, delivering algorithmic technical analysis with price levels, pivot lines, and alternative scenarios across forex, commodities, and metals. The critical caveat: it’s MT4 only. MT5 users don’t get the same integration — a meaningful gap given HYCM actively pushes MT5 as its more capable platform.
Financial Source covers real-time economic data, interest rate probability tracking, breaking news, and audio squawks on market-moving events. The interest rate probability tracker is genuinely useful if you like to position around central bank decisions, making it more actionable than a standard economic calendar.
Seasonax uses over 30 years of historical price data to identify seasonal patterns across forex, stocks, indices, and commodities, working alongside Bloomberg Professional and Thomson Reuters data infrastructure. Coverage runs to 20,000+ instruments — far broader than HYCM’s own tradable range — making it useful for macro context even on markets HYCM doesn’t offer directly.
The research stack fits well with swing and position trading. HYCM also provides an economic calendar and FX calculators directly on its website — practical tools available without opening an account — which partially offsets the gated access to the premium research suite.
What’s missing is the next layer: no sentiment data, signals, or options flow analysis that brokers like IG and Saxo bundle at comparable account tiers. For scalpers and short-term traders, the toolkit is largely irrelevant. For anyone holding positions across days or weeks, it’s one of the stronger free research bundles at this tier — once you’ve funded an account to unlock it.
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| Research Rating | |||
| Visit | Visit | Visit | Visit |
| Review | Review | Review | Review |
Education
HYCM’s education is on a separate website (https://hycm.academy/) that isn’t linked to or advertised on the main broker site. Finding it requires a direct search or support referral. Once there, you need to complete a separate registration from their broker account — two distinct logins, two distinct profiles — and make a minimum USD 100 deposit before accessing the content. That’s a meaningful barrier for a resource most brokers integrate directly into their client portal.
The free course catalog covers four beginner-level modules: Introduction to Trading Basics (two parts), Fundamentals of Fundamental Analysis (28 lessons), Technical Analysis and Charting Basics (24 lessons), and Basics of Sentiment Analysis (25 lessons). The lesson structure is short-form video — typically one to three minutes per lesson with quizzes appended — which suits complete newcomers but stalls quickly for anyone past the early learning stages. Despite the site navigation listing both Beginner and Intermediate tracks, the intermediate section is empty. The ceiling is lower than the architecture implies.
The blog contains just nine articles, all published between February and June 2024 — nothing since. Topics are generic: risk management, platform comparisons, and introductions to trading signals. None addresses HYCM’s own tools, account conditions, or platform specifics. Several navigation items — Events, Position Size Calculator, Ebooks — resolve to broken links.
What’s here is adequate for a complete beginner — the free courses are structured, quizzed, and cover the right foundational ground. But for a broker approaching its fifth decade of operation and marketing itself as a serious, multi-regulated player, a stagnant external site, no intermediate content, and a blog untouched for nearly two years sit well below what IG, eToro, and Interactive Brokers deliver as standard.
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| Education Rating | |||
| Visit | Visit | Visit | Visit |
| Review | Review | Review | Review |
Customer Support
HYCM’s contact page lists live chat, phone, and email as its three support channels, all described as 24/5. The live chat button sits at the bottom of the site — easy to find, and quick to connect during peak London hours. That 24/5 claim needs a caveat: live agents staff the chat from 05:00 to 18:00 GMT on weekdays. Outside those thirteen hours, you leave a message. HYCM doesn’t disclose the staffed hours on its contact page — you only discover the limit when you try to use it after around 18:00pm.
We tested across London morning, New York afternoon, and post-close Asian hours. The difference was stark. Peak-hour responses came within seconds and handled account and execution queries accurately. After 18:00 GMT, the chat window accepted messages, but no agent connected. If you’re managing open positions into the Asian session, that gap is real and unacknowledged in HYCM’s own support documentation.
HYCM operates client-facing offices in London and Dubai, serving its FCA and DFSA entities, respectively. Neither is differentiated on its contact page—you see the same interface regardless of which entity governs your account. That matters because the escalation path behind support varies significantly by jurisdiction.
UK clients have the Financial Ombudsman Service as a statutory backstop. DFSA clients can escalate to the DFSA complaints portal. Costa Rica entity clients have nothing — whatever support can’t resolve has no regulated route beyond it. HYCM gives no indication of this split.
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| Customer Support Rating | |||
| Visit | Visit | Visit | Visit |
| Review | Review | Review | Review |
Community Sentiment
Sentiment across Trustpilot and Forex Peace Army is split, and the pattern is consistent enough to be useful.
Positive reviews come from traders running straightforward strategies on forex majors and gold — Classic or Raw accounts, no high-frequency activity, withdrawals under USD 1,000. Multiple traders report multi-year relationships without problems. The FCA entity’s regulatory backstop is a key reason they stayed.
Negative reviews cluster around three issues. Account closures citing “swap abuse,” with profits withheld and withdrawal requests canceled — typically affecting traders holding gold or indices positions overnight for extended periods. Profit confiscation citing scalping violations, often on Fixed or Classic accounts, where scalping is restricted but not clearly flagged during onboarding. Compliance suspensions are applied without explanation and are unresponsive to appeals.
The fault line isn’t execution — it’s what happens when trading activity hits HYCM’s compliance thresholds. UK FCA entity clients have the Financial Ombudsman Service as a genuine escalation route when those disputes arise. Traders under the Costa Rica entity don’t. That jurisdictional gap turns a bad compliance interaction into a dead end.
One further note: clone sites generate complaints that are misattributed to HYCM itself — worth separating out when reading community threads.
Is HYCM A Good Broker?
HYCM is a solid choice for a specific type of trader: someone running directional strategies on forex majors or gold, holding positions for days rather than minutes, and trading under the FCA, where the regulatory framework actually means something.
The Raw account’s pricing is genuinely competitive, the swap rates are among the best at this tier, and nearly five decades of FCA-regulated operation is a track record most competitors can’t match.
The gaps are real, though. Spreads on Fixed and Classic accounts run above the industry average. The education infrastructure is underdeveloped for a broker of this standing, and crypto trading is unavailable to UK-based clients.
The offshore Costa Rica entity does not carry any of the protections the FCA branding implies. And the compliance dispute pattern — profit confiscation citing scalping or swap abuse without a transparent process — is specific enough across community sentiment to be a genuine risk flag for active traders.
The broker earns its FCA credentials. Whether it earns your deposit depends entirely on which entity you’re under, which account you’re on, and how closely your strategy stays within HYCM’s preferred trading profile.
How We Tested HYCM
- We tested HYCM on live Fixed, Classic, and Raw accounts using the broker’s published spread schedules, contract specifications, and disclosed regulatory framework as reference points. We examined order routing across forex majors, minor pairs, metals, indices, and — where entity restrictions permitted — crypto CFDs, and reviewed available deposit and withdrawal methods via card, bank transfer, and crypto.
- We ran hands-on checks across MT4 and MT5 desktop platforms, web terminals, and the HYCM Trader mobile app. We opened and closed positions on EUR/USD, GBP/USD, XAU/USD, and selected index CFDs; monitored execution behavior during London/New York overlap and high-impact news releases, including NFP, FOMC, and BOE rate decisions; compared actual fill prices against quoted spreads to verify slippage and commission accuracy across all three account types; and tested how pending orders, stop-loss placement, and margin management handled both short-term intraday setups and multi-day swing positions.
- We cross-referenced HYCM’s published claims on spreads, execution speed, withdrawal processing times, and account type conditions against community feedback. That process helped us identify where HYCM delivers on its FCA-regulated reputation — competitive Raw account pricing, reliable execution on major pairs during normal hours, and low swap rates for position traders — and where factors like above-average Fixed and Classic spreads, the midnight session spread-widening caveat, gated demo access, and the unregulated Costa Rica entity create issues for traders who assumed the FCA branding covers everything.
FAQ
Is HYCM Legit?
Yes. HYCM has operated continuously since 1977 under the Henyep Group, holds FCA authorization (reference 186171), which is publicly verifiable on the FCA register, and has maintained that license through multiple market crises and regulatory overhauls. That’s a harder track record to fake than a recent offshore registration.
Is HYCM Safe?
It depends entirely on which entity you’re trading under. UK clients under the FCA entity get segregated funds, negative balance protection, and FSCS coverage up to £120,000 — that’s a genuinely strong safety framework. UAE clients under the DFSA get segregated funds and negative balance protection, but no compensation scheme. Clients onboarded under the Costa Rica entity get none of the above. HYCM is safe for the right client in the right jurisdiction — but the brand’s safety reputation doesn’t transfer automatically across all three entities.
Best Alternatives to HYCM
Compare HYCM with the best similar brokers that accept traders from your location.
- Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- FOREX.com – Founded in 2001, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
HYCM Comparison Table
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| Rating | 3.8 | 4.3 | 4.5 |
| Markets | CFDs, Forex, Stocks, Indices, Commodities, ETFs | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies | Forex, Futures and Options on Metals, Energies, Commodities, Indices, Bonds, Crypto |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $20 | $0 | $100 |
| Minimum Trade | 0.01 Lots | $100 | 0.01 Lots |
| Regulators | FCA, DFSA, CIMA | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS | NFA, CFTC |
| Bonus | 10% deposit bonus up to $5,000 | – | VIP status with up to 10k+ in rebates – T&Cs apply. |
| Platforms | HYCM Trader, MT4, MT5, TradingCentral | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower | WebTrader, Mobile, MT4, MT5, TradingView |
| Leverage | 1:301:500 | 1:50 (major forex pairs), 1:2-1:4 (equities) | 1:50 |
| Payment Methods | 7 | 5 | 9 |
| Visit | – | Visit | Visit |
| Review | – | Interactive Brokers Review |
FOREX.com Review |
Compare Trading Instruments
Compare the markets and instruments offered by HYCM and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
| HYCM | Interactive Brokers | FOREX.com | |
|---|---|---|---|
| CFD | Yes | No | No |
| Forex | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes |
| Oil | Yes | No | Yes |
| Gold | Yes | Yes | Yes |
| Copper | Yes | No | No |
| Silver | Yes | No | Yes |
| Corn | No | No | No |
| Crypto | Yes | Yes | No |
| Futures | Yes | Yes | Yes |
| Options | No | Yes | Yes |
| ETFs | Yes | Yes | No |
| Bonds | No | Yes | No |
| Warrants | No | Yes | No |
| Spreadbetting | No | No | No |
| Volatility Index | No | No | No |
HYCM vs Other Brokers
Compare HYCM with any other broker by selecting the other broker below.
Customer Reviews
There are no customer reviews of HYCM yet, will you be the first to help fellow traders decide if they should trade with HYCM or not?