HYCM Forex Review 2026

Name: HYCM Forex Review 2026
Item: HYCM
Rating: 3.9
Author: Adam Peters

Our Ratings

3.9

out of 5

Safety & Regulation

3.5

Fees & Costs

4.3

Markets & Products

3.9

Platforms & Execution

4.4

Deposit & Withdrawal

4.5

Trading Tools & Research

2.8

Account Opening

4.7

Customer Service

4.3

Education

2.0

Key Facts

Regulation

FCA, DFSA

Broker Type

Market Maker, STP, ECN

Min. Deposit

$20

Platforms

Mobile App, Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)

Negative Balance Protection

Yes

Max Leverage

1:30 (FCA), 1:500 (DFSA)

Demo Account

Yes

Spreads From

1.5 pips

VISIT HYCM Compare all broker reviews

73% of retail FX and CFD accounts lose money.

HYCM - At a Glance

Company & Overview

Established: 1977
Headquarters: 51 Moorgate, London EC2R 6LL, United Kingdom (HYCM headquarters). Group headquarters: 10th Floor, Nine Queens Road Central, Hong Kong
International Offices: United Kingdom, United Arab Emirates, Kuwait, Hong Kong
Publicly Traded: No
Broker Type: Market Maker, STP, ECN
Regulation: FCA (United Kingdom); DFSA (United Arab Emirates) - arranging deals only, no dealing permission
Segregated Client Funds: Yes
Negative Balance Protection: Yes
Covered, but HYCM can reach across every account you hold to clear the shortfall before letting you withdraw. Hedging your own positions between your accounts counts as abuse, and so does withdrawing while trading something HYCM has suspended.
Banking License: No
Languages: English, Arabic, Chinese, Czech, German, Spanish, Farsi, French, Swedish, Italian, Polish, Russian, Vietnamese
Customer Support: Live Chat, Email, Telephone
Customer Support Hours: 24/5

Account Types

Demo Account: Yes
Swap Free Account: Yes
Joint Account: Yes
Corporate Account: Yes
Managed Account: No
PAMM / MAM Trading: Yes
Social / Copy Trading: No

Account Conditions

Minimum Deposit: $20
Payment Methods: Bank Transfer, Debit Cards, Credit Cards, Skrill, Neteller, WebMoney, UnionPay, Interac
Account Currencies: EUR, USD, GBP, AED, JPY
Maximum Leverage: 1:30 (FCA), 1:500 (DFSA)
Bonuses: Yes
Contests: No

Trading Conditions

Markets & Products: Forex, CFDs
Currency Pairs: 70+ FX pairs
Minimum Lot Size: 0.01
Maximum Lot Size: 50
Decimal Pricing: 5 decimals
Order Types: Market, limit, stop and stop limit orders with stop loss, take profit and trailing stop, through MT4 and MT5. Expert advisors permitted on Classic and Raw accounts but not on the Fixed account.
Execution Type: Hybrid market maker, STP and ECN
Margin Call Level: Not published
Stop Out Level: Not published
Hedging: Yes
Scalping: No

Fees & Costs

Spread Type: Fixed, Variable
Spread From: 1.5 pips (Fixed), 1.2 pips (Classic), 0.1 pips (Raw)
Commission: Fixed and Classic accounts: no commission. Raw account: USD 4 per round turn on FX, USD 5 per round turn on metals, nothing on other instruments
Overnight / Swap Fees: Yes
Deposit Fee: No
Withdrawal Fee: Varies
Free by card. Skrill and Neteller cost 1% above USD 5,000, and bank wires under USD 300 cost USD 30. Closing without completing verification costs USD 50.
Currency Conversion Fee: No
Account Maintenance Fee: No
Inactivity Fee: Yes
USD 10 a month after just 90 days without activity, and it is not refundable. Keeps being charged until you trade again or the balance runs out.
Custody Fee: No

Platforms & Tools

Trading Platforms: Mobile App, Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Mobile App: Yes
API Access: Yes
VPS Hosting: No
Automated Trading: Yes

How HYCM's costs compare

Spread from (major pairs)1.5 pips

Catalogue median: 0.8 pips across 49 brokers · lower is cheaper

Minimum deposit$20

Catalogue median: $10 across 49 brokers · lower is more accessible

The marker is the median of every active broker we rate, computed from the same structured data as the reviews. Headline from-spreads are the broker's advertised best case; your account type and instrument change them.