HYCM

Forex and CFD Broker· Founded 1977 .London, United Kingdom

Reviewed 2026-09-02

8.8
Overall score
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Platforms & Technology

HYCM provides MetaTrader 4 and MetaTrader 5 alongside its proprietary HY Trader mobile app, covering desktop, web and mobile access with support for automated trading via Expert Advisors. The broker does not offer cTrader.

Platforms

  • MT4
  • MT5
  • HY Trader App

Availability

  • Desktop Windows
  • Desktop Mac
  • Web
  • Android
  • Ios

Features

  • Advanced charting
  • Automated trading via Expert Advisors
  • Mobile trading (Android & iOS)
  • Proprietary HY Trader app
  • Streaming news feed

Category Scores

Regulation Safety9.0/10
Trading Costs8.8/10
Platforms Technology8.7/10
Asset Coverage9.0/10
Trading Conditions8.8/10
Tools Resources8.2/10
Customer Support8.7/10
User Experience8.8/10
Account Opening9.0/10

Broker Overview

HYCM is a global Forex and CFD broker with roots dating back to 1977, offering access to Forex, commodities, indices, stocks and cryptocurrencies through MetaTrader 4, MetaTrader 5 and its proprietary HY Trader app. The broker combines multi-jurisdictional regulation with flexible account pricing structures.

Markets

ForexGoldOilIndicesStocksCryptocurrencies

Available Regions

United KingdomMiddle EastAsiaInternational

Regulation & Safety

HYCM operates under regulatory oversight from the FCA, DFSA and CIMA, with client funds held in segregated accounts and negative balance protection provided. Its CySEC (Cyprus) authorization was voluntarily renounced in June 2024, so it no longer serves EU clients under a MiFID II-regulated entity.

Financial Conduct Authority (FCA)Dubai Financial Services Authority (DFSA)Cayman Islands Monetary Authority (CIMA)

Trading Costs

HYCM offers Fixed, Classic and RAW account pricing, ranging from commission-free spreads of around 1.2-1.5 pips to RAW spreads from 0.1 pips plus a per-lot commission. The $100 minimum deposit keeps the entry barrier relatively low.

Minimum Deposit: $100

Commission Model: Fixed and Classic accounts are commission-free with wider spreads; RAW accounts charge roughly $4 per round-turn lot on top of near-raw spreads

Overnight Fee: Swap charges apply to positions held overnight; swap-free Islamic accounts are available

Inactivity Fee: Approximately $10 per month after 90 days of account inactivity

Asset Coverage

HYCM provides access to over 300 CFD instruments spanning Forex, metals, energy, indices, stocks, ETFs and cryptocurrencies, with crypto availability restricted for EU and UK clients.

300+ CFD instruments

  • Forex
  • Commodities
  • Indices
  • Stocks
  • Etfs
  • Cryptocurrencies
  • Bonds
  • Options
  • Futures

Trading Conditions

HYCM offers three account structures (Fixed, Classic, RAW) with a $100 minimum deposit, 0.01 minimum lot size and leverage up to 1:500 outside FCA/CIMA-restricted jurisdictions. Scalping and hedging are generally not supported.

Tools & Resources

HYCM provides core trading tools including charting packages, a streaming news feed and account manager support, though its research and education ecosystem is less extensive than some larger competitors.

Charting packageStreaming news feedEmail and mobile alertsPersonal account managerTrailing stop orders

Customer Support

HYCM offers 24/5 multilingual customer support across several channels, with typical email responses reported within about an hour to 24 hours depending on the source.

Live chatPhoneEmail

Account Opening

  1. 1Registration
  2. 2Identity verification
  3. 3Document submission
  4. 4Account approval
  5. 5Funding

User Experience

HYCM offers a straightforward trading experience built around established MetaTrader platforms, with mobile access via Android and iOS and multiple funding options for account management flexibility.

Demo Account
Mobile Trading

Trader Compatibility

Forex Trader9.0/10
Gold Trader9.2/10
Scalper7.5/10
Ea Algorithmic Trader8.5/10
Beginner Trader9.0/10
Crypto Trader8.0/10
Multi Asset Cfd Trader8.5/10

Best For

Forex and gold tradersTraders who prefer MetaTrader platformsTraders seeking multiple account structuresAlgorithmic traders using Expert AdvisorsTraders who value long-standing FCA-regulated brokers

Not Recommended For

Traders who require cTraderEU-based traders (no EU-regulated entity since 2024)Scalpers and hedging-focused traders

Final Review

HYCM remains a strong choice for Forex, gold and CFD traders who value multi-jurisdictional regulation, flexible account structures and MetaTrader compatibility. Specialized traders needing cTrader, hedging, or EU-regulated access may find better alternatives elsewhere.

Rating8.8/10