HYCM Review
Updated regularly · Independent ratings
Overall Rating
4.0 / 5
Fees
4.5 / 5
Safety
4.6 / 5
Platforms
4.1 / 5
Education
2.0 / 5
Min. deposit
$20
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.
HYCM — At a Glance
Full broker data from our database
| Minimum deposit | $20 |
| Broker type | Market Maker, STP, ECN |
| Spread type | Fixed, Variable |
| Spreads from | Fixed Account: 1.5 pips, Classic Account: 1.2 pips, Raw Account: 0.0 pips |
| Commission | Fixed Account: No commission, Classic Account: No commission, Raw Account: $4 per lot per side |
| Maximum leverage | 1:30 (FCA), 1:500 (DFSA), 1:500 (CIMA) |
| Minimum lot size | 0.01 |
| Maximum lot size | 50 |
| Decimal pricing | 5 decimals |
| Trading platforms | Mobile App, Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| API access | Yes |
| VPS | No |
| Demo account | Yes |
| Segregated account | Yes |
| Swap-free account | Yes |
| Managed account | No |
| PAMM / MAM account | Yes |
| Joint account | Yes |
| Copy trading | No |
| Social trading | No |
| Account currencies | EUR, USD, GBP, AED, JPY |
| One-click trading | Yes |
| OCO orders | Yes |
| Trailing stop loss | Yes |
| Hedging allowed | Yes |
| Scalping allowed | No |
| Interest on margin | No |
| Bonuses | Yes |
| Contests | No |
| Regulators | FCA (United Kingdom), DFSA (United Arab Emirates), CIMA (Cayman Islands) |
| Headquarters | 10th Floor, Nine Queens Road Central, Hong Kong. |
| International offices | United Kingdom, Hong Kong, Kuwait, Cayman Islands, Dubai, Cyprus |
| Assets offered | Forex, CFDs |
| Payment methods | Bank Transfer, Debit Cards, Credit Cards, Skrill, Neteller, WebMoney, UnionPay, Interac |
| Languages | English, Arabic, Chinese, Czech, German, Spanish, Farsi, French, Swedish, Italian, Polish, Russian, Vietnamese |
| Customer support | Live Chat, Email, Telephone |
| Contact email | support@hycm.com |
| Minimum deposit | $20 | Social trading | No |
| Broker type | Market Maker, STP, ECN | Account currencies | EUR, USD, GBP, AED, JPY |
| Spread type | Fixed, Variable | One-click trading | Yes |
| Spreads from | Fixed Account: 1.5 pips, Classic Account: 1.2 pips, Raw Account: 0.0 pips | OCO orders | Yes |
| Commission | Fixed Account: No commission, Classic Account: No commission, Raw Account: $4 per lot per side | Trailing stop loss | Yes |
| Maximum leverage | 1:30 (FCA), 1:500 (DFSA), 1:500 (CIMA) | Hedging allowed | Yes |
| Minimum lot size | 0.01 | Scalping allowed | No |
| Maximum lot size | 50 | Interest on margin | No |
| Decimal pricing | 5 decimals | Bonuses | Yes |
| Trading platforms | Mobile App, Web Platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Contests | No |
| API access | Yes | Regulators | FCA (United Kingdom), DFSA (United Arab Emirates), CIMA (Cayman Islands) |
| VPS | No | Headquarters | 10th Floor, Nine Queens Road Central, Hong Kong. |
| Demo account | Yes | International offices | United Kingdom, Hong Kong, Kuwait, Cayman Islands, Dubai, Cyprus |
| Segregated account | Yes | Assets offered | Forex, CFDs |
| Swap-free account | Yes | Payment methods | Bank Transfer, Debit Cards, Credit Cards, Skrill, Neteller, WebMoney, UnionPay, Interac |
| Managed account | No | Languages | English, Arabic, Chinese, Czech, German, Spanish, Farsi, French, Swedish, Italian, Polish, Russian, Vietnamese |
| PAMM / MAM account | Yes | Customer support | Live Chat, Email, Telephone |
| Joint account | Yes | Contact email | support@hycm.com |
| Copy trading | No |
Pros & Cons
Pros
- +Strong regulatory framework.
- +Established in 1977 with a strong track record.
- +Segregated client funds.
- +Wide range of global market access through CFDs.
- +Fast and simple account setup process.
- +Free demo account available.
- +Negative balance protection.
- +Low minimum deposit (from $20).
- +Multiple fast and secure payment methods.
- +Multiple account currency options.
- +No deposit or withdrawal fees.
- +User-friendly mobile platform.
- +Supports TradingView, MetaTrader 4, MetaTrader 5
- +Multiple account types for different trading styles.
- +Islamic swap-free accounts available.
- +Low forex and CFD trading fees.
- +Ultra-low spreads from 0.0 pips on the Raw account.
- +High leverage trading capability (up to 1:500 in some regions).
- +Great customer support service,
Cons
- −Product offering is limited to forex and CFDs.
- −No TradingView or cTrader integration.
- −An inactivity fee after 90 days of account inactivity.
- −Limited advanced tools for professional traders.
- −Does not allow scalping.
- −Limited account currency options.
- −Research tools are fairly basic.
- −No integrated social and copy trading features.
- −Educational content is limited.