HYCM Review 2022

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, ETFs. 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.

HYCM also gives traders access to 1 cryptocurrencies: BTC.

Careful traders will be pleased to know that HYCM is licensed to provide trading services by multiple regulatory bodies, 4 in fact, including the FCA.

HYCM Summary

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

Ratings

90%
Trust
83%
Instruments
71%
Features
BonusNone
InstrumentsForex, CFDs, Commodities, Shares, Indices, ETFs
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 Yes (EAs)
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Trade on a range of leveraged CFD products at HYCM.

Leverage1:30 EU, 1:500 Global
FTSE SpreadNot offered
GBPUSD SpreadFrom 0.1 + $4 per round
Oil SpreadFrom 2 pips
Stocks SpreadVariable

Forex Trading

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

GBPUSD SpreadFrom 0.4 + $4 per round
EURUSD SpreadFrom 0.1 + $4 per round
EURGBP SpreadFrom 0.4 + $4 per round
Assets40+

Cryptocurrency Trading

Trade the BTC/USD with 1:5 leverage

SpreadVariable
CoinsBTC

Payment Methods

HYCM accepts the following payment methods:

  • Visa
  • Neteller
  • Wire Transfer
  • Skrill
  • Mastercard
  • Bitcoin Payments

Awards

HYCM is a multiple award-winning broker, with 3 awards received so far.

  • 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
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 in the UK?

Yes, HYCM is regulated by the FCA here in the UK.

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.