HYCM Review 2026

Item: HYCM
Rating: 6.86
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: April 09, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $20
Fees 9 /10
Account types 5.8 /10
Regulation 10 /10

6.9 /10

Moderate risk

HYCM User Reviews 6.8
Commissions and Fees 9.0
Regulation and Safety 10.0
Account Types 5.8
Deposit and Withdrawal 7.0
Markets and Tradable Assets 6.8
Trading Account Opening 9.0
Trading platforms & tools 7.2
Mobile Apps 7.7
Customer Support 5.1

HYCM Pros & Cons

extensive experience and reliability - the company has been operating for over 40 years;
excellent trading conditions;
good liquidity;
fast execution of orders;
over 300 trading instruments;
5 types of investments;
spreads from 0.1 pips;
multilingual support in 14 languages;
customer service in popular apps: Skype, Viber, Telegram, WhatsApp and Facebook;
convenient mobile platform, which is one of the best;
protection against negative balance.

customer service does not work on weekends;
inconvenient for scalping;
few opportunities for passive trading;
there is no cent account.

TU Expert Verdict

HYCM demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

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HYCM User Reviews

Score:

6.8 /10

51 total

5-star

14%
4-star

16%
3-star

67%
2-star

4%
1-star

0%

Broker HYCM pleases with fast execution of orders, which is especially important for traders working with active strategies. This allows to minimize slippages and accurately execute trades at the chosen time. However, it should be taken into account that the broker does not have cent accounts, which may be inconvenient for beginner traders or those who prefer to minimize risks at the start.

I trade at HYCM on a live account, which I opened more than 7 months ago. Of course, not everything I expected came true, but I’m happy with everything anyway. I get a stable, but not particularly large profit. I can’t say anything bad about the broker’s staff — they always respond to my requests on time. They provide consultations, which, of course, is good news. I think HYCM is an average broker, no worse or better than others. Have a good trading!

HYCM stands out with its multilingual support (14 languages), mobile platform, and the ability to fund accounts via popular payment systems — Visa/MasterCard, Skrill, Neteller, and others. The minimum deposit is $100, and available leverage goes up to 1:500. The company offers three types of trading accounts: Fixed, Classic, and Raw. However, customer support is unavailable on weekends, which can be inconvenient if urgent issues arise during that time.

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Commissions and Fees

Score:

9 /10

The trading and non-trading commissions of HYCM have been analyzed and rated as having Low fees, with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No deposit fee
No withdrawal fee

Inactivity fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of HYCM with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, HYCM’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

HYCM Standard spreads
	HYCM	ZForex	OANDA
EUR/USD min, pips	0.5	0.1	0.1
EUR/USD max, pips	1.2	0.4	0.5
GPB/USD min, pips	0.8	0.2	0.1
GPB/USD max, pips	2.0	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

HYCM RAW/ECN spreads
	HYCM	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	2	7	3.5
EUR/USD avg spread	0.1	0.1	0.15
GBP/USD avg spread	0.2	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with HYCM. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

HYCM Non-Trading Fees
	HYCM	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0-15
Inactivity fee ($, per month)	10	0

Is HYCM Safe?

Score:

10 /10

HYCM has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Negative balance protection
Regulated in the UK
Track record over 29 years

Strict requirements and extensive documentation to open an account

HYCM Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FCA UK	Full Name Financial Conduct Authority	Country of regulation United Kingdom	Investor Protection Fund Up to £85,000	Regulation Level Tier-1
CySec	Full Name Cyprus Securities and Exchange Commission	Country of regulation Cyprus	Investor Protection Fund Up to €20,000	Regulation Level Tier-1
ASIC	Full Name Australian Securities and Investments Commission	Country of regulation Australia	Investor Protection Fund No specific fund but has stringent consumer protection	Regulation Level Tier-1
DFSA	Full Name Dubai Financial Services Authority	Country of regulation Dubai	Investor Protection Fund No specific fund	Regulation Level Tier-2
Abbreviation CIMA	Full Name Cayman Islands Monetary Authority	Country of regulation Cayman Islands	Investor Protection Fund No specific fund	Regulation Level Tier-3

HYCM Security Factors
Foundation date	1997
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

5.8 /10

HYCM offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Tight spread ECN account
Demo account
Swap Free (Islamic) account

No VIP account option
Micro lots are not available

HYCM account types vs top competitors
	HYCM	Trading.com	ZForex
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	Yes
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	Yes	No	Yes
VIP	No	No	No
Managed	No	No	No

HYCM accounts trading conditions

HYCM (HY Markets) offers to open several types of accounts at one’s choice. The standard currency for replenishment is euro, dollar, pound and rouble. In addition, the company offers to open a VIP account. Traders can use the services of a personal manager on such accounts, and a more complete analysis of the market is available to them. In addition, more favorable spreads are provided for fixed VIP accounts.

Types of accounts:

Account Type	Description
Fixed	an account with a lot size of 0.01 and a minimum deposit of 100 US dollars. There are no swaps on this type of account, while spreads are fixed - from 1.8 pips. Replenished without commission;
Classic	with the same minimum deposit and lot size as for Fixed, no swap. It is distinguished by a lower spread (fixed and floating) - from 1.2 pips, as well as the ability to use expert advice. There is no commission for replenishing a classic account;
Raw	a minimum unit of trading on this type of account is 0.01 lots, there are no swaps and it is possible to use the advice of expert analysts. This account has the lowest, in comparison with other accounts, net spread - from 0.1 pips. However, the replenishment amount already starts from 200 US dollars the broker takes a commission for depositing funds – 4 US dollars.

Before opening an account, a trader has the option to become familiar with the capabilities of the broker and evaluate the functionality of the platform by using their free demo account. For traders who have not yet decided on the type of account, the company offers to go through a small survey to help make a decision.

HYCM provides both classic MT4 and MT5 trading terminals and the mobile platform for trading. The broker offers bonuses for a comfortable start. They cannot be withdrawn, but can be used in trade.

Deposit and Withdrawal

Score:

7 /10

HYCM received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

HYCM provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

USDT (Tether) supported
Bitcoin (BTC) accepted
Bank card deposits and withdrawals
No withdrawal fee

Wise not supported
BTC not available as a base account currency
Only major base currencies available

What are HYCM deposit and withdrawal options?

HYCM provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.

HYCM Deposit and Withdrawal Methods vs Competitors
	HYCM	Trading.com	ZForex
Bank Wire	Yes	Yes	No
Bank card	Yes	Yes	Yes
PayPal	No	No	No
Wise	No	No	No
BTC	Yes	No	Yes

What are HYCM base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. HYCM supports the following base account currencies: USD, EUR, GBP, CAD, RUB, AED.

What are HYCM's minimum deposit and withdrawal amounts?

The minimum deposit on HYCM is $20, while the minimum withdrawal amount is $20. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact HYCM’s support team.

Markets and Tradable Assets

Score:

6.8 /10

HYCM offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 70 Forex pairs.

Commodity futures are available
70 supported currency pairs
Crypto trading

Limited asset selection
Copy trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by HYCM with its competitors, making it easier for you to find the perfect fit.

	HYCM	Trading.com	ZForex
Currency pairs	70	69	50
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	300	69	80
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	No
Options	No	No	No

Investment options

We also explored the trading assets and products HYCM offers for beginner traders and investors who prefer not to engage in active trading.

	HYCM	Trading.com	ZForex
Bonds	No	No	No
ETFs	No	No	No
Copy trading	No	No	Yes
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

9 /10

We successfully registered an account with HYCM in 5 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at HYCM is $20.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Fast registration time (up to 15 minutes)
Fully online account opening process
Low minimum deposit requirement

Account approval may require extra time depending on the documentation.

HYCM account opening
	HYCM	Trading.com	ZForex
Online Registration	Yes	Yes	Yes
Minimum deposit	$20	$50	$10
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	5	20	8
KYC time (days)	2	2	1

Is HYCM available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To make it easier for you to start working with HYCM broker, we suggest that you familiarize yourself with the following information.

You can login to your HYCM Personal account from the main page of the broker's website. To do this, just click Login.
To authorize, you have to enter your email address and password.
If you have not opened an account with the broker yet, click on Create a live account and go through the registration. You will also need to go through the verification of the passport data.
After registration / authorization, you can replenish your account, download and start MT4 or MT5 terminal, install the Henyep-Live server and start trading.
In your Personal account you can choose a trading instrument, use the broker’s bonuses, withdraw funds.

In addition, you will find the following in your Personal account at HY Markets:

fresh analytical data;
statistics on the trade with the help of advisers;
statistics on the effectiveness and profitability of affiliate programs;
useful educational information;
access to the history of trading operations and replenishment-withdrawal of funds;
current quotes;
customer service for professional advice.

Trading platforms & tools

Score:

7.2 /10

HYCM received a score of 7.2/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.

MetaTrader is available
One-click trading
Trading bots (EAs) allowed
API access for automated trading

No TradingView integration
Strategy (EA) Builder is not available
No access to cTrader and its advanced tools.

Supported trading platforms

HYCM supports the following trading platforms: MT4, MT5. This selection covers the basic needs of most retail traders. We also compared HYCM’s platform availability with that of top competitors to assess its relative market position.

	HYCM	Trading.com	ZForex
MT4	Yes	No	No
MT5	Yes	Yes	Yes
cTrader	No	No	No
TradingView	No	Yes	No
Proprietary platform	No	Yes	No
NinjaTrader	No	No	No
WebTrader	No	Yes	No

Key HYCM’s trading platform features

We also evaluated whether HYCM offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features
2FA	Yes
Alerts	No
Trading bots (EAs)	Yes
One-click trading	Yes
Scalping	No
Supported indicators	68
Tradable assets	300

Additional trading tools

HYCM offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

HYCM trading tools vs competitors
	HYCM	Trading.com	ZForex
Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.	Yes	Yes	No
API	Yes	No	No
Free VPS	No	No	Yes
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.	No	No	No
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.	No	No	No

Mobile Apps

Score:

7.7 /10

HYCM supports mobile trading, offering dedicated apps for both iOS and Android. HYCM received a score of 7.7/10 in this section, indicating a generally acceptable mobile trading experience.

Indicators supported
Solid iOS user feedback, with a rating of 5.0/5
Mobile alerts supported

Weak user feedback on Android

We compared HYCM with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

	HYCM	Trading.com	Plus500
Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms.	50,000	50,000	10,000,000
App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience.	5.0	4.8	4.7
Google Play score	3.4	4.7	4.4
Mob. 2FA	Yes	Yes	Yes
Mob. Indicators	Yes	Yes	Yes
Mob. Alerts	Yes	Yes	Yes

Customer Support

Score:

5.1 /10

Customer support at HYCM is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. HYCM provides basic support functionality but does not stand out in overall service performance.

Information

The company's customer service is ready to answer customer’s questions and help traders around the clock 5 days a week.

Many options for communication
Multilingual support
The site has a section with answers to the most popular questions.
You can ask a question without being a broker’s customer

Does not work on weekends

There are several ways to contact customer service:

directly by phones indicated at the site;
by email;
in the online chat at the broker's website;
on popular apps: Facebook, Viber, Skype, WhatsApp and Telegram;
using the callback form.

Customer service is available from HYCM website (hycm.com) and from your personal account.

Contacts
Foundation date	1997
Registration address	47, Spyrou Kyprianou Avenue, The Noble Center, 4th Floor, Mesa Geitonia, CY-4003 Limassol
Regulation	FCA, CIMA, DFSA Licence number: 186171, 1442313, F000048.
Official site	hycm.com
Contacts	accounts@hycm.com support@hycm.com + 44 - 208 - 816 - 7812

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HYCM Video Guides

FAQs

What commissions and fees does HYCM charge for forex trading and account maintenance?

HYCM is assessed as having generally low trading and non-trading fees, with a fees score of 9/10 and advantages such as low forex trading costs, tight EUR/USD spreads, and no deposit or withdrawal fees. Standard account EUR/USD spreads typically range from 0.5 to 1.2 pips, while RAW/ECN accounts show average EUR/USD spreads around 0.1 pips plus a $2 commission per lot, and there is a $10 per month inactivity fee.

What account types and trading conditions are available at HYCM?

HYCM offers Demo, Standard, ECN/Raw spread, Swap Free (Islamic), Fixed, Classic, Raw, and VIP accounts, though it does not provide Cent, Micro, or managed accounts. Minimum deposits for Fixed and Classic accounts are stated as $100 with fixed or floating spreads from 1.8 and 1.2 pips respectively, while the Raw account starts from $200 with spreads from 0.1 pips plus a $4 deposit commission, and all main platforms are available on MT4, MT5, and mobile.

What do HYCM user reviews and feedback say about the broker?

HYCM has a user satisfaction score of 6.8/10 based on 51 reviews, with most ratings clustered around 3 stars and smaller portions of 4- and 5-star reviews, indicating a mixed overall impression. According to user reviews, 14% are 5-star, 16% are 4-star, 67% are 3-star, 4% are 2-star, and there are no 1-star ratings reported in this section.

Which markets and tradable assets can you access with HYCM?

HYCM provides access to 300 tradable instruments, including 70 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not offer options. The review also notes that HYCM does not provide bonds, ETFs, copy trading, PAMM investing, or managed accounts, and describes the overall asset selection as limited compared to the market average.

How is HYCM customer support rated in user comments and what contact options are available?

Customer support at HYCM has a safety score of 5.1/10, with testing indicating moderate response times and service quality that can vary depending on the complexity of the request. Support is available 24 hours a day, 5 days a week (not on weekends) via phone, email, website live chat, popular messaging apps such as Facebook, Viber, Skype, WhatsApp, and Telegram, as well as a callback form, and the site includes a FAQ section for common questions.