HYCM.com Forex Broker Review

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HYCM.com GENERAL INFORMATION

■ Foundation: HYCM was founded in 1999

■ Headquarters: HYCM Markets Inc. headquarters are in London, UK

■ US Residents: No US traders –No-

■ Islamic Accounts: Islamic Account type (SWAP-Free) is available –Yes-

■ Regulated: HYCM is regulated by FCA UK (No 186171) and MiFID EU

■ Web-Site Languages: HYCM website supports many 5 languages, including English, Arabic, Chinese, and Russian (English, 简体中文, 繁體中文, العربية, Русский)

HYCM.com TRADING INFO SUMMARY

■ Broker Type: STP (Straight Through Processing)

■ CFD Trading: -Yes-

■ Platforms: HYCM offers 2 versions of MeaTrader4 (MT4 Install and MT4 Web), Web-Trader, and the CurreneX Platform for professionals

■ Trading Time Zone: GMT Server

■ Demo Account: HYCM is providing a Demo Account –Yes-

■ Typical Spread EUR/USD: 1.8 pips (no commissions), lowest spread starts at 0.4 pips

■ Scalping /Hedging: Only Hedging is allowed at HYCM

■ Bonus Policy: HYCM offers a 10% welcome bonus for all new clients and any amount

■ Minimum Account: $50 (Standard Account)

💱 FOREX ASSET INDEX

□ HYCM is providing a great variety of Forex currencies (check the table below)

□ Great variety of Stocks and Indices via CFD contracts

□ Gold and Silver plus energy assets and commodities 

SPREADS & TRADE COMMISSIONS

As concerns fixed spreads, HYCM offers:

■ EUR/USD spread at 1.6 pip

■ USDJPY at 2.4 pips

■ GBPUSD at 2.6 pips

+No trading commissions charged on Fixed-Spread account

+CurreneX Pro accounts enjoy spreads starting at 0.4 pip

 

 

TRADING PLATFORM & MOBILE

■ HYCM is offering:

(1) MeaTrader4 Install

(2) MetaTrader-4 Web

(3) Web-Trader

(4) CurreneX Platform

■ Hedging is allowed but Scalping is not allowed at HYCM.

■ Demo account is available at HYCM

■ HYCM offers mobile trading for iPhone and Android

■ Trading server: GMT

 

NEW ACCOUNT INFORMATION

■ The minimum initial deposit required for opening an account on HYCM is 50 USD.

Here are all the Account Types at HYCM:

Types	1. Mini Accounts	2. Standard Accounts	3. Premium Accounts	4. Pro Accounts
Minimum Account	USD50	USD750	USD2,500	USD5,000
Platforms Available	Webtrader, MetaTrader, Mobile Trader	Webtrader, MetaTrader, Mobile Trader	Webtrader, MetaTrader, Mobile Trader	CurreneX Pro Platform
Minimum Spread	1.8 pip	1.8 pip	1.8 pip	0.4 pip
Commissions on Trading	No	No	No	Yes
Asset Index	40+ Forex Pairs, Stocks, Indices, Commodities	40+ Forex Pairs, Stocks, Indices, Commodities	40+ Forex Pairs, Stocks, Indices, Commodities	40+ Forex Pairs, Stocks, Indices, Commodities
Minimum lot size	0.02	0.10	1.00	0.10
Telephone Trading	Yes	Yes	Yes	Yes
Automated Trading	Yes	Yes	Yes	Yes

 

HYCM FUNDING METHODS

■ Credit / Debit Cards | ■ Bank Wire | ■ Skrill | ■ WebMoney | ■ Paypal

 

 

🏁 HYCM.com Review Conclusions:

 

Based in London, UK, HYCM is an STP Forex broker owned and operated by the Henyep Group. The Henyep Group is a large multinational company founded in 1977, operating mainly in financial services and real estate. HYCM is a regulated Forex broker (FCA UK) and offers segregated client bank accounts through British banking institutions. It is also registered with the SFC in Hong Kong and the DFSA in Dubai.

HYCM offers a wide range of trading platforms, including HY WebTrader, two versions of MT4, MT4 Mobile Trader, and the CurreneX platform for professional traders. HYCM is well known for its diverse asset index, which includes a broad selection of Forex pairs, all major precious metals, energy products, and numerous shares and indices from the US, UK, and Hong Kong. All instruments can be traded from a single account within an integrated environment. Importantly, HYCM guarantees no slippage on execution—an essential feature in volatile markets. HYCM supports Forex and CFD trading. The minimum spread on EUR/USD starts at 0.4 pips (Pro accounts), while typical fixed spreads on other account types start at 1.8 pips with no commission.

There are 4 main account types designed to meet the needs of different traders (a demo account is also available):

(1) Mini Account – Starts at $50

(2) Standard Account – Starts at $750

(3) Premium Account – Starts at $2,500

(4) Pro Account – Starts at $5,000

Deposits and withdrawals can be made via various methods, including credit/debit cards, wire transfer, PayPal, Skrill, and WebMoney. HYCM provides fast 24/5 customer support and one-on-one assistance for existing clients through live chat, phone, fax, and email. Support is available in several languages, including English, Arabic, Russian, Chinese, Hindi, and Urdu.

The biggest advantage of trading with HYCM is the safety of funds. The broker is highly regulated and backed by a large financial group with over 30 years of operational history. While trading conditions are average across most account types, the Currenex account offers significantly tighter spreads. Another strong point is the broad asset selection, especially in Forex. Overall, HYCM is a reliable broker suitable for all types of traders—except for Forex scalpers.

 

⚖️ HYCM.com REVIEW PROS & CONS (According to competition)

HYCM REVIEW CONCLUSIONS
HYCM REVIEW PROS	HYCM REVIEW CONS
√ Regulated by the FCA UK, and offering fully Segregated Client Bank Accounts √ Controlled by the Henyep Group with over 30 years of operational history √ EURUSD spread starts at 0.4 pip (Pro Accounts) √ Wide asset index, especially as concerns Forex Currencies and Shares √ Multilingual Customer Service (24/5) √ Free Education, Market Analysis, and Trading Signals √ Supports PayPal and MoneyBookers ($50 minimum account)	X Scalping is not allowed X The Fixed spreads are high compared to the competition X Inactive Accounts may be charged a fee

 

🔗 Website:  https://hycm.com

 

 

■ HYCM.com Review

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