HYCM Rated 3/5

HYCM Guide - Read our In Depth 2023 HYCM Review

This HYCM review was written by industry experts with over 20 years of financial experience in Forex, CFDs.
*This content does not apply to US users.

Benefits of Trading with HYCM

HYCM Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 100
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 HYCM users and traders
๐Ÿ“† Founded 1977
๐ŸŒ HQ UK
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
๐Ÿšซ Excluded Countries HYCM is not available in the following countries : US

Open HYCM's Website

Losses can exceed deposits


learn more Learn more about IC Markets.
Losses can exceed deposits

What is HYCM?

HYCM are a worldwide financial trading platform and broker. founded in 1977

Over 46 years later HYCM now serves over 10,000 retail investors Forex trading, and CFDs trading.

HYCM are a global broker. HYCM have a head office in UK.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this HYCM review and assess how well the HYCM platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like HYCM. Choosing or shortlisting a trading platform like HYCM can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like HYCM.

As a result, selecting the right trading platform like HYCM requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like HYCM available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like HYCM requires thorough due diligence and careful consideration. Some HYCM trading features can be complex when trading on mobile or using the HYCM online trading platform. Beginners and inexperienced traders must take the time to learn how to use the HYCM trading tools properly. In our review of HYCM we explain the pros and cons. What HYCM offer, countries HYCM are available in. Who HYCM are regulated by and more.

HYCM Review Screenshot

When it comes to online trading with brokers like HYCM, carefully review HYCM as your broker can make or break your success. Choosing the right broker is essential to ensure your HYCM investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your HYCM review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of HYCM. You must also ensure the HYCM broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, HYCM needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with HYCM into easily digestible information in this HYCM review. We want to ensure you have all the knowledge necessary to use the HYCM trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with HYCM are the key to successful trading, so we've provided this detailed HYCM review. So, take a seat, grab a cup of coffee, and dive in to learn about HYCM and how it can benefit you or if HYCM is not for you.

Online investing with HYCM can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with HYCM, evaluating the HYCM platform is important. Evaluation includes researching the HYCM management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with HYCM. That's why it's essential to understand the HYCM company policies and practices before making any investment decisions. By doing your due diligence and understanding HYCM platform, you can make informed investment choices that align with your financial goals. So take the time to research HYCM thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this HYCM review you need to determine if HYCM is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to HYCM, so you can make a more informed decision and compare other brokers against HYCM.

If you want to look at some HYCM alternatives that might better fit your needs, we list and compare some of the best HYCM alternatives further down this HYCM review.

Don't be fooled by the misconception that online trading is easy with HYCM. It can be challenging and requires significant research and understanding of the HYCM trading tools and features. You must know what you are doing when trading with HYCM. That's why we've compiled this detailed HYCM review with some important information that will hopefully make you more informed when online trading with HYCM.

HYCM Review Table of Contents

HYCM review
HYCM is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about HYCM. HYCM is a multi asset platform with 100+ tradable Assets. Assets available on HYCM include Forex, CFDs.

HYCM trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, CFDs are considered financial assets.

Features of HYCM

HYCM review
What you should know

HYCM offer two ways to trade: Forex, CFDs. The assets and products available to you on the HYCM trading platform depends on the region of the world, you are in and the HYCM entity you have an account.

With HYCM you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with HYCM platform.

HYCM are able to accommodate various levels of traders whether you are experienced or a beginner.

Are HYCM safe?

When considering HYCM for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as HYCM, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 1977, and in operation for 46 years HYCM have a head office in UK.

HYCM is regulated. This means HYCM are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 regulatory bodies.

HYCM withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like HYCM are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. HYCM are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of HYCM and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. HYCM has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, HYCM will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like HYCM, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If HYCM violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with HYCM?

All payments made to HYCM by traders are securely held in a segregated bank account.

HYCM uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should HYCM use them?

HYCM partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their HYCM clients' funds.

HYCM clients can have greater confidence in their financial security when working with a Tier 1 bank because HYCM are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in HYCM deposited in a Tier 1 bank?

Depositing funds with HYCM ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if HYCM were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that HYCM is a secure and safe platform.

Please be aware that trading in financial assets with HYCM carries a risk of loss. HYCM trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

HYCM emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about HYCM, let's closely examine its features.

To better understand the HYCM trading platform, you can create two separate accounts - one with real money and the other a HYCM demo account. A HYCM demo account provides a risk-free environment for experimenting with the HYCM platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in HYCM trading decisions.

Open a demo account Visit HYCM

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How HYCM as a Company Compare Against Other Brokers

Broker HY Markets IC Markets Roboforex Pepperstone
Year Established 1977 2007 2009 2010
Head Office UK Australia Belize Australia
Regulation Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
Used By 10,000+ HYCM users 180,000+ IC Markets users 1,000,000+ Roboforex users 400,000+ Pepperstone users
Negative balance protection No Yes No Yes
Guaranteed Stop Loss No No No No
Learn More Visit HYCM Visit IC Markets Visit Roboforex Visit Pepperstone
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs

HYCM review
HYCM Pros and Cons

What we like about HYCM

  • Used by over 10,000 HYCM users and traders
  • Established in 1977
  • Regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048
  • Min. deposit from $100

What we don't like about HYCM

HYCM review
HYCM Regulation and Licensing in more detail

HYCM is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of HYCM going into insolvency. HYCM compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like HYCM to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for HYCM traders.

HYCM is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like HYCM you should be sure they're legitimate online agent.

Is HYCM Global?

Yes, HYCM is global as HYCM is available in over 194 countries.

HYCM is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries HYCM covers include the UK, Germany, South Africa, Thailand, China and Australia. HYCM has a total of more than 10,000 users.

HYCM review
HYCM Awards

HYCM have won numerious industry awards over the 46 years they have been operating as a financial broker. We have listed the most notable awards and mentions for HYCM below.

  • FXDailyInfo Best Forex Broker Europe 2017 Winner
  • World Finance Best Broker Middle East 2017 Winner
  • Global Brands Magazine Best Forex Broker Dubai 2017
  • World Finance Best Mobile Trading Platform 2017 Winner
  • FX Report Best Retail Platform 2015

HYCM review
HYCM Fees Explained

  • HYCM withdrawal fees varies on payment method
  • HYCM does charge a fee for inactive accounts.
  • HYCM doesn't charge deposit fees.

Modern brokers like HYCM provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, HYCM may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall HYCM trading profitability.

How HYCM Fees Compare Against Other Brokers

Broker HY Markets IC Markets Roboforex Pepperstone
Min Deposit 100 200 10 200
Withdrawal Fees Varies No Yes No
Inactivity Fees Yes No No No
Deposit Fees No Varies No No
CFD Commission Fees No Yes No Yes

HYCM Minimum Deposit

HYCM requires a minimum deposit of 100 GBP/USD/EUR when opening an HYCM trading account.

A minimum deposit is the minimum amount of money required by HYCM to open a new online brokerage account with them.

Don't be scared off by brokers like HYCM charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like HYCM, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

HYCM Withdrawal Fees

The fees for withdrawing funds from your HYCM account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your HYCM withdrawal request is important.

HYCM Withdrawal rules may vary across different brokers when it comes to transferring funds from your HYCM or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with HYCM may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the HYCM withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from HYCM. Researching and comparing HYCM withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing HYCM funds frequently or dealing with large sums of money. Awareness of these HYCM fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your HYCM funds.

For example, HYCM allows you to withdraw your funds to Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer.

HYCM Inactivity Fees

HYCM does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by HYCM terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all HYCM fees and services. It's recommended that you check the HYCM website before signing up. If you decide to close your HYCM account, it's important to do so with the HYCM broker customer support and obtain confirmation that no remaining HYCM fees are due.

Brokers like HYCM must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

HYCM Deposit Fees

HYCM does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

HYCM Commission Fees

HYCM does not charge commission on CFD instruments.

Brokerage firms like HYCM may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the HYCM trading account level held by the trader.

HYCM may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing HYCM terms and conditions to understand the commission fees and any other charges that may apply is essential.

HYCM review
What can you trade with HYCM?

It's essential to note that the trading instruments offered under the HYCM brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the HYCM trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with HYCM over 100 instruments in fact.

If you want to trade currency pairs on global Forex markets, HYCM offer over 40 currency pairs.

Compare HYCM with IC Markets and Roboforex below.

Losses can exceed deposits

How HYCM Trading Options Compare Against Other Brokers

Broker HY Markets IC Markets Roboforex Pepperstone
Instruments Available 100 2250 100 1200
Platforms MT4, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 40 61 35 70
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 10 20 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 10 2100 0 1100
UK Shares No Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit HYCM
Losses can exceed deposits
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit Pepperstone
74-89 % of retail investor accounts lose money when trading CFDs

HYCM review
Trading on HYCM web platforms and other applications

HYCM offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

HYCM also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See HYCM's platforms

Is the HYCM Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the HYCM trading platform to protect you on PC and mobile HYCM platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using HYCM web trading platforms.

HYCM Trading Platform Options

After logging into your HYCM account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that HYCM does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

HYCM does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options HYCM gives you.

HYCM review
HYCM MetaTrader 4 (MT4)

HYCM MetaTrader 4

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on HYCM offers traders comprehensive features and tools to enhance their trading performance. The HYCM MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the HYCM platform to their needs. One of the standout features of MT4 is its charting functionality, which allows HYCM traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give HYCM traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 HYCM trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the HYCM MetaTrader 4 (MT4) trading platform. MT4 is a platform available with HYCM, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The HYCM MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. HYCM allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with HYCM in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. HYCM MetaTrader 4 is compatible with the latest macOS. HYCM allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on HYCM

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade HYCM MetaTrader 4 on iOS Devices

You can download the HYCM app or trade with HYCM through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. HYCM customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade HYCM MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and HYCM offers its clients access to the MetaTrader 4 platform on these devices. With the HYCM MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing HYCM traders to stay on top of their trades and react quickly to changes in the market. With the HYCM MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade HYCM MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on HYCM are a powerful bundle of three major indicators designed to help traders make informed decisions. HYCM MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help HYCM traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing HYCM traders to potentially stay one step ahead.

HYCM MetaTrader 4 Advanced Trading Tools

The HYCM MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give HYCM traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, HYCM provides traders with everything they need to succeed. The HYCM MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing HYCM traders to analyze the market at any level of complexity.

Trade HYCM MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

HYCM MetaTrader 4 AutoChartist

Autochartist on the HYCM platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for HYCM MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, HYCM traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save HYCM users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. HYCM traders can navigate the platform and find the information they need to make informed trading decisions.

HYCM Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for HYCM traders of all experience levels.

HYCM Trading benefits

  • HYCM Allows scalping
  • HYCM Allows hedging
  • HYCM Low min deposit

HYCM Trading Accounts Offered

Below we give an overview of the account types that HYCM offer. Whatever you are looking to trade, the varying HYCM account types will be able to provide you with what you need.

  • HYCM Demo account
  • Micro account
  • HYCM Mini account
  • HYCM Standard account
  • HYCM Islamic account

Can I try HYCM?

HYCM provides a demo account that enables individuals to explore trading before investing their funds. By creating a HYCM practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the HYCM demo account can help individuals to make informed decisions before investing their money.

Open a demo HYCM account to practice and trade.

Losses can exceed deposits

HYCM withdrawal and funding methods

It's essential to remember that the payment methods provided by HYCM vary based on the HYCM entity and the HYCM client's country of residence. To view the HYCM payment options available, you can log into your HYCM member's area.

HYCM offers various funding payment methods listed in your HYCM dashboard if available in your region. To learn more about the HYCM funding and withdrawal options available in your area, you can explore the HYCM website.

HYCM provides several payment methods for funding your HYCM account. You may utilize any of these deposit options if they are available in your region. HYCM ensures that users have multiple payment methods to choose from, making it more convenient for verified HYCM account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the HYCM user's location. learn more about HYCM funding and withdrawal methods.

HYCM Payment Methods

Some HYCM payment methods are local and are available only to specific regions. HYCM account holders should check which payment methods are provided in your region.
  • HYCM accepts Credit cards
  • HYCM accepts Debit cards
  • HYCM accepts Bank Transfer
  • HYCM accepts PayPal
  • HYCM accepts WebMoney
  • HYCM accepts Payoneer
Broker HY Markets IC Markets Roboforex Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes No Yes
Skrill No Yes Yes Yes
Payoneer Yes No Yes No
Neteller No Yes Yes Yes

*please note available HYCM and other broker payment methods depend on the clients country of residence.

How can I start trading with HYCM?

To open a trading account with HYCM, individuals can sign up on the HYCM website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for HYCM account validation and making a deposit. Once completed, HYCM users can download the trading platform of their choice.

It's important to note that HYCM requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps HYCM maintain a trustworthy financial environment for its 10,000 users. Detailed information on the HYCM trading platforms is available on their website.

Losses can exceed deposits

Performing trades with HYCM

The trading platform, HYCM, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals.

HYCM, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like HYCM can be useful for traders starting or with limited capital.

Like other brokers, HYCM margin requirements can differ depending on the traded instrument.

CFD Trading on HYCM

We will show you an example of the basics of using HYCM leverage.

CFD trading on HYCM allows traders to speculate on the price movements of various financial instruments against the broker HYCM, without actually owning real assets. With CFDs, HYCM traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

HYCM provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, HYCM leverage profits and losses are magnified when trading. For instance, using CFDs, you use the HYCM trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, HYCM leverage magnifies both profits and losses in trading.

Trading CFD trades on the HYCM platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced HYCM traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Limit Risk When Trading with HYCM Stop Loss, HYCM Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as HYCM . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for HYCM traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an HYCM trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide HYCM traders with an effective way to manage risk and protect their investments in volatile markets.

Education Resources at HYCM

To trade effectively with HYCM, it's important to have a good understanding of the HYCM trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with HYCM and externally.

HYCM . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with HYCM. Familiarizing yourself with the HYCM trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using HYCM. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with HYCM involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like HYCM, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with HYCM. Explore the HYCM platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with HYCM, before live trading.

Customer Support at HYCM

As part of our HYCM review, we review customer service options, response times and problem resolution effectiveness on the HYCM trading platform. The HYCM trading platform supports multiple languages, which includes English, Chinese, Chinese (Traditional), Arabic, and Russian.

HYCM has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

HYCM customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with HYCM has to be positive for you to effectively trade the financial markets on the HYCM platform. HYCM should answer all of your questions and your HYCM platform issues are solved. When an HYCM customer has any queries regarding HYCM, the HYCM customer support team should take these issues seriously and offer a quick and effective solution. HYCM has a great client support team, so we have rated their customer service highly.

Livechat Support at HYCM

We experienced fast and responsive support from HYCM

At HYCM, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from HYCM should be a positive support experience for all HYCM users, saving you from waiting days for an email response.

We also tested communicating with HYCM support in various languages and countries. The HYCM help centre quickly resolved our customer issues.

Email Support at HYCM

As part of our review process, we wanted to test the email support offered by HYCM. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows HYCM has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by HYCM. If you're looking for a broker with reliable email support, HYCM is worth considering.

Phone Support at HYCM

Our experience with HYCM phone support was positive. When we called, the team answered our call promptly, in less than a minute.

During the call, we tested the multilingual HYCM team by speaking in different languages, and they made an effort to answer our queries in each language.

The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from HYCM good.

See how HYCM Support Compares Against Other Brokers

Broker HY Markets IC Markets Roboforex Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Chinese, Chinese (Traditional), Arabic, and Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic
Learn More Visit HYCM Visit IC Markets Visit Roboforex Visit Pepperstone
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs

What you will need to open an account with HYCM

As HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.

As a new client of HYCM, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with HYCM in your region. During the HYCM account opening process, you will be asked to provide HYCM with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with HYCM have the following documents available.

  • HYCM require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for HYCM compliance. This must be dated within the last six months.
  • If you plan to fund your HYCM account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the HYCM platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under HYCM Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring HYCM's platform.

However, remember that you won't be able to make trades on HYCM until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the HYCM KYC compliance process as soon as possible to avoid any delays in accessing the HYCM platform's features.

It is important to note that HYCM may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the HYCM platform and features immediately. However, you must pass the verification process to start live trading with HYCM, which can take up to a few business days.

To start the process of opening an account with HYCM you can visit the HYCM trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from http://www.hymarkets.com/ on May 29, 2023.

Watch this HYCM Explainer Video

Is HYCM A Good Broker?

We have spent over 5 years examining HYCM in depth. Although we found some very useful aspects of the HYCM platform that would be useful to some traders. We feel that a alternative to HYCM may better suit you.

  • HYCM have a good track record of offering Forex, CFDs.
  • HYCM has a history of over 46 years.
  • HYCM has a reasonable sized customer support of at least 10.
  • HYCM are regulated by the Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. HYCM is subject to strict regulatory oversight from its respective jurisdiction, which holds HYCM (the broker) accountable for misconduct. This regulatory framework helps ensure that HYCM operates fairly and transparently and provides HYCM customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and HYCM.
  • HYCM have regulation from reputable regulators.
  • One of the advantages of using HYCM is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from HYCM are particularly important as HYCM traders want to receive their money quickly. With the efficient HYCM payment processing system, traders can enjoy faster access to their HYCM funds.
  • HYCM have an international presence in multiple countries. Including local HYCM seminars and training.
  • HYCM can hire people from various locations in the world who can better communicate in your local language.

HYCM Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

HYCM not quite right?

If after reading this HYCM review, HYCM does not fulfill your needs check out these HYCM Alternatives.

Click here to view the best HYCM Alternatives

We have spent years researching the best alternatives to HYCM. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective HYCM alternatives available today. If you are unsatisfied with HYCM or want to explore other options, we recommend checking out our carefully curated list of highly-rated HYCM alternatives. Follow the links below to learn more about these HYCM broker alternatives and choose the one that best suits your trading needs.

Related HYCM Vs Comparisons

Throughout our comprehensive HYCM review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing HYCM against other popular brokers in the industry, check out our HYCM Vs pages. Our team has compiled a series of detailed HYCM comparison articles, pitting the HYCM platform against some of the best-rated HYCM competitors in the market. Dive into our informative HYCM Vs pages below to find out how HYCM stacks up against other leading brokers.

HYCM review
HYCM Frequently Asked Questions

Read our detailed HYCM FAQ Section updated for 2023.

Can I try HYCM?

HYCM offer a demo account so you can try the HYCM platform with virtual trading before you put down a payment. Virtual trading with HYCM is zero risk. Learn more here

What funding methods do HYCM accept?

Please note that the list of payment methods below depends on the HYCM Entity and the client's Country of Residence.

HYCM offer the following funding payment methods Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer, among other payment methods.
Learn more here

Losses can exceed deposits

Is HYCM safe?

HYCM have over 10,000 users. HYCM are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. Any payments funded to HYCM accounts by traders are held in a segregated bank account. For added security,HYCM use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with HYCM is risky, and because the market is so volatile, losses could happen at any time.

Losses can exceed deposits

Is HYCM trading good?

HYCM is considered good and reputable to trade with HYCM. HYCM is used by over 10,000 traders and HYCM users. HYCM offers Forex trading, and CFDs trading. Minimum deposit with HYCM is 100.

Is HYCM trading Legit?

HYCM was founded in UK in 1977. HYCM has been facilitating trade on the financial markets for over 46 years. HYCM offers clients Forex trading, and CFDs trading. All funds deposited to HYCM are held in segregated bank accounts for security. HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 so can be considered legit.

Is HYCM a good broker?

HYCM allows Forex trading, and CFDs trading. HYCM is overseen by the top tier financial regulators Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 so can be considered a good broker.

Is HYCM trustworthy broker?

HYCM is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to HYCM, money is in a segregated bank account that is separate from HYCM company's funds. As a regulated broker, HYCM cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by HYCM. Instead, your HYCM funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with HYCM. Also HYCM is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.

What is the minimum deposit for HYCM?

The minimum deposit to trade with HYCM is 100.

How long do HYCM withdrawals take?

Withdrawing money from HYCM processing time varies depending on the method but averages 1-5 days.

Is HYCM regulated?

HYCM is regulated by the Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. Regulatory bodies conduct regular reviews and audits as part of HYCM maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is HYCM a market maker?

HYCM is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by HYCM even if no buyer or seller is lined up.

How can I start trading with HYCM?

When opening a trading account with HYCM, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on HYCM trading platforms, you can follow the link provided below: Learn more about signing up with the HYCM trading platform here. This will provide useful information and insights into the various trading platforms offered by HYCM, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with HYCM?

Yes your money is safe with HYCM.

Overall, strict financial regulation is essential for ensuring that trading platforms like HYCM operate fairly, transparently, and responsibly, which ultimately benefits all HYCM stakeholders involved.

Trading platforms like HYCM must have strict financial regulation for several reasons:

  • Protecting HYCM Investors: Strict financial regulation ensures that investors who use the HYCM trading platform are protected against fraudulent or unethical behavior by the HYCM platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the HYCM platform.
  • Maintaining HYCM Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the HYCM trading platform. Regulatory procedures reduce the likelihood of the HYCM platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing HYCM Transparency: Regulations require trading platforms like HYCM to maintain detailed records and disclose HYCM client information. Financial regulatory requirements enhances transparency and helps to build trust between the HYCM platform and its investors.

HYCM is regulated by the Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. When selecting a broker such as HYCM, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, HYCM ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like HYCM.

Is HYCM a con?

HYCM is regulated and well established, having been in business for over 46 years. HYCM is not a con.

Can you make money with HYCM?

Although traders have had great success with HYCM, trading on the financial markets with HYCM is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does HYCM have fees?

HYCM withdrawal fees vary on payment method.HYCM does charge a fee for inactive accounts. HYCM doesn't charge deposit fees.

When was HYCM founded?

HYCM was founded in 1977.

How many people use HYCM?

HYCM is used by over 10,000 registered HYCM users.

What is HYCM Headquarters country?

HYCM has its head quarters office in UK .

Does HYCM offer negative balance protection?

HYCM does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does HYCM offer guaranteed stop loss?

HYCM does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does HYCM allow scalping?

HYCM offers scalping.

Does HYCM allow hedging?

HYCM offers hedging.

Does HYCM offer CFD trading?

HYCM offers CFD trading.

Does HYCM offer STP?

HYCM does not offer STP trading.

How many people use HYCM?

HYCM is used by over 10000 HYCM users and traders.

Is HYCM an ECN broker?

HYCM does not offer ECN trading.

Does HYCM offer a demo account?

HYCM offers a demo account.

Does HYCM offer an Islamic account?

HYCM offers an Islamic account.

What are the funding methods for HYCM?

Please note that funding methods and options available with HYCM can be found in the HYCM Members area and depend on the HYCM clientโ€™s country of residence. Please check your specific available payment methods on the HYCM website. HYCM accept the following funding methods : Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer.

HYCM review written by Andrew Blumer and Mark Hansen

We hope you found our review of the HYCM brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

HYCM review written by Mark Hansen of Comparebrokers.co