HYCM Review 2021

Trade on the financial markets with low cost, leveraged products at HYCM.

HYCM is a multiple award-winning broker that offers traders Forex, CFDs, Commodities, Shares, Indices. With HYCM traders can use both the MetaTrader4 and MetaTrader5 platforms.

In terms of features offered to traders, HYCM has Demo Accounts, Islamic Accounts and Auto Trading but is missing Social Trading and Signals.

Careful traders will be reassured knowing that HYCM is licensed to offer trading services by several regulators, 4 in fact, including the FCA.

HYCM Summary

Trade on the financial markets with low cost, leveraged products at HYCM.

Ratings

90%
Trust
50%
Instruments
71%
Features
BonusNone
InstrumentsForex, CFDs, Commodities, Shares, Indices
Demo Account
Min. Deposit$100
Min. Trade0.01 lots
Regulated ByFCA, DFSA, CIMA, CySEC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Trade on a range of leveraged CFD products at HYCM.

Leverage1:30 (UK & Europe), 1:500 (Global)
FTSE SpreadNot offered
GBPUSD SpreadFrom 0.8
Oil SpreadFrom 3.0
Stocks SpreadVariable

Forex Trading

Trade on the FX market with flexible leverage and dynamic market spreads.

GBPUSD SpreadFrom 0.8
EURUSD SpreadFrom 0.2
EURGBP SpreadFrom 1.2
Assets69

Payment Methods

HYCM accepts the following payment methods:

  • Visa
  • Webmoney
  • Skrill
  • Neteller
  • Wire Transfer
  • MoneyGram

Awards

HYCM is a multiple award-winning broker, with 6 awards received so far.

  • Best Forex Broker 2019 - Global Brands Magazine
  • Best Forex Broker Middle East 2018 - World Finance Forex Awards
  • Best Mobile Trading Platform 2017 - World Finance Forex Awards
  • Best Broker Northern Europe 2015 - FX Report Awards
  • Best Global Broker 2012 - Mena Forex Awards
  • Best FX Mini Account Provider 2012 - World Finance Foreign Exchange Awards
Risk Warning – Your capital is at risk

FAQ

Is HYCM Safe?

Yes, we have given HYCM a high 90% trust score in this review and believe traders should be safe here. One of the main positives for HYCM is that they're regulated by our own Financial Conduct Authority (FCA) here in the UK.

Does HYCM Accept PayPal?

No, HYCM does not accept PayPal payments.

Is HYCM Halal?

Yes, HYCM does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does HYCM support?

With HYCM you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.

Is HYCM Regulated?

Yes, HYCM is regulated by 4 different regulators: FCA, DFSA, CIMA and CySEC. Most importantly, they're regulated by our own dependable FCA here in the UK.

HYCM vs Other Brokers

If you want to compare HYCM with other brokers, use the detailed comparisons below.

HYCM vs
Trade on the financial markets with low cost, leveraged products at HYCM.