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6.88/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $100
Trading platform:
  • MT4
  • MT5
  • HYCM Mobile
Regulation:
  • FCA
  • CIMA
  • DFSA
Foundation date:
  • 1997
47
users picked this broker in 3 months
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Our Evaluation of HYCM

6.88/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

HYCM is a moderate-risk broker with the TU Overall Score of 6.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by HYCM clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

HYCM is a broker for those who value the variety of trading instruments and prompt support. The company is a suitable broker for both beginner and experienced traders who can work on both PCs and mobile devices.

Brief Look at HYCM

HYCM company is a division of Henyep Group. It has been trading on the Forex market for over 40 years. The broker has earned 15 awards since it commenced trading. Among these awards, broker has won the Best Forex Broker Award in 2019 and Best Mobile Trading Platform by World Finance in 2017. The company provides services to both private and institutional traders. It offers a wide selection of trading tools allowing traders to trade currency, precious metals, securities, cryptocurrency, etc.

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Advantages of trading with HYCM:
  • 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.
Disadvantages of HYCM:
  • customer service does not work on weekends;
  • inconvenient for scalping;
  • few opportunities for passive trading;
  • there is no cent account.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

HYCM is a trusted partner of the Traders Union and has gained its reputation as a reliable broker with its favorable conditions that it offers for trading on the Forex Market.

HYCM offers training resources, a free demo account, as well as three types of real accounts (Fixed, Classic and Raw) with different conditions. This allows a trader to choose the best option, based on individual requirements. In addition, the company offers special conditions for corporate and VIP clients trading in large volumes. All traders are protected from a negative balance, which positively affects security.

Based on this, HYCM is suitable for both those who have just started trading and experienced traders who build their own trading strategies. The broker has been a partner of the Traders Union for many years, and during this time there have been no significant complaints about the company's work. If there are any questions and disagreements, the customer service promptly resolves them with the maximum benefit for the customer.

The company's website is simple, user-friendly. This makes it easy to evaluate and compare all the offers of the broker. Customer focus, functional service and prompt support, variety of trading tools and convenient platform allow the broker to stand its ground for so many years.

HYCM Trading Conditions

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage 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 high risk of losing your money.

💻 Trading platform: MT4, МТ5, HYCM Mobile
📊 Accounts: Fixed, Classic, Raw
💰 Account currency: EUR, USD, GBP, RUB, CAD, AED
💵 Deposit / Withdrawal: Bank Wire, Visa/MasterCard, Neteller, Skrill, Bitcoin, Perfect Money
🚀 Minimum deposit: $100
⚖️ Leverage: 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01 lots
💱 EUR/USD spread: 0,1 pips
🔧 Instruments: Forex, indices, metals, oil, gas, commodity markets, securities, cryptocurrency
💹 Margin Call / Stop Out: 100% / 20%
🏛 Liquidity provider: Barclays, HSBC
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Order execution: Market Еxecution, Instant Еxecution
⭐ Trading features: Cryptocurrency trade; Good liquidity; Hedging; Protection against negative balance.
🎁 Contests and bonuses: Yes

HYCM (HY Markets) offers attractive trading conditions for traders living in 140 countries of the world. First of all, the minimum transaction volume is worth noting, which is 0.01 for all types of trading accounts. In addition, regardless of the type of account, a trader is given the opportunity to take expert advice and trade according to Sharia law. The minimum spread is only 0.1 pips, and the deposit is from 100 US dollars.

HYCM Key Parameters Evaluation

Video Review of HYCM

User Satisfaction i

Score:
7/10

Share your experience

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maheshtigade09
3 weeks ago

HYCM is a broker with over 40 years of experience, offering both Market and Instant Execution trading. The minimum order size starts from 0.01 lots, which suits most retail traders. Five account currencies are supported — USD, EUR, GBP, RUB, and CAD. Spreads start from 0.1 pips, and negative balance protection adds stability to trading. However, the lack of a cent account and a limited range of passive investment tools may restrict flexibility for certain types of traders.

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betula132777
7 weeks ago

HYCM provides access to over 300 trading instruments, including currency pairs, cryptocurrencies, commodities, and securities. The minimum deposit is set at $100, and leverage can go up to 1:500. Available platforms include MT4, MT5, and HYCM Mobile. Spreads start from 0.1 pips. The broker is regulated and works with major liquidity providers such as Barclays and HSBC. However, there is no PAMM service, and passive investment solutions are limited.

Responses to a comment
a.a.a.alnuaimi to betula132777
7 weeks ago

HYCM’s regulation inspires confidence — that was one of the key factors in my decision. Access to liquidity from banks like Barclays is another strong point in favor of transparent execution. I trade on MT5, and everything has been stable so far. As for the lack of PAMM accounts — I agree, it might be a downside for those looking for a passive investment approach. But as a platform for independent trading with a wide range of assets, HYCM feels like a solid choice.

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el-assari
14 weeks ago

Trading with hy markets, I especially appreciated the variety of available platforms. MetaTrader 4 and 5 are time-tested tools, and their availability already indicates a serious approach. But there is also HYCM Mobile, which is a great option for those who are just starting out or prefer to trade from their phone.
I started my way with this mobile platform and I am satisfied with it: it is clear, convenient and allows you to quickly immerse yourself in the process, learning the approaches of experienced traders. On top of that, I have confidence in the broker. Regulation in different jurisdictions adds reliability and gives me the feeling that I am working with an honest company that abides by the rules of the game.

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shafir
17 weeks ago

If you're a scalper, it's best to look for another option immediately. HYCM doesn't offer the best conditions for high-frequency trading: execution isn't always fast enough, and at peak times you may encounter delays. For a strategy where every second counts, this is critical, so there's no need to suffer. But for all others, the platform is quite suitable. Liquidity is good, spreads are reasonable and instruments are presented in a variety of ways. If you trade in a more measured way, if you hold your positions for longer, or if you're working on the foundations, then this can be a very practical and reliable platform.

Si vous êtes un scalpeur, il est préférable de chercher immédiatement une autre option. HYCM n'offre pas les meilleures conditions pour le trading à haute fréquence : l'exécution n'est pas toujours assez rapide, et aux heures de pointe, vous pouvez rencontrer des retards. Pour une stratégie où chaque seconde compte, c'est critique, il n'y a donc pas lieu de souffrir.
Mais pour tous les autres, la plateforme est tout à fait adaptée. La liquidité est bonne, les écarts sont raisonnables et les instruments sont présentés de différentes manières. Si vous tradez de manière plus mesurée, si vous maintenez vos positions plus longtemps ou si vous travaillez sur les fondations, alors cette plateforme peut s'avérer très pratique et fiable.

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artocoins
21 weeks ago

One of the main factors that convinced me to choose the broker hy markets was its extensive experience and reputation - the company has been operating in the market for over 40 years. This inspires confidence and indicates a certain stability, which for me personally has always been an important criterion when choosing a financial partner. The only point that could be considered a disadvantage is the lack of a support service at weekends. Sometimes there are questions or situations that you want to resolve quickly and, outside office hours, you have to wait until the start of the working week. For the rest, this is an excellent broker: reliable, with a proven track record and clear terms and conditions. He's calm and confident to work with.

L'un des principaux facteurs qui m'ont convaincu de choisir le courtier hy markets est sa grande expérience et sa réputation - la société opère sur le marché depuis plus de 40 ans. Cela inspire confiance et indique une certaine stabilité, ce qui, pour moi personnellement, a toujours été un critère important dans le choix d'un partenaire financier.
Le seul point qui peut être considéré comme un inconvénient est l'absence de service d'assistance pendant les week-ends. Il y a parfois des questions ou des situations que l'on souhaite résoudre rapidement et, en dehors des heures de bureau, il faut attendre le début de la semaine de travail.
Pour le reste, il s'agit d'un excellent courtier : fiable, avec un historique éprouvé et des conditions claires. Il est calme et confiant de travailler avec lui.

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mariamayni
32 weeks ago

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.

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gkouada
36 weeks ago

I have been working with HYCM for more than a year, and I haven't noticed any problems so far. The platform functions stably, orders are executed without delays. Trading conditions are standard, spreads are adequate. Withdrawal of funds is normal, although sometimes it takes a little longer than I would like, but they are always received. In general, the platform is convenient and gives everything I need for trading, so I am still here.

Score:
6.21/10

Trading Account Opening

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

1

You can login to your HYCM Personal account from the main page of the broker's website. To do this, just click Login.

HYCM (HY Markets) Review - Official website
HYCM (HY Markets) Review - Official website
HYCM (HY Markets) Review - Official website
2

To authorize, you have to enter your email address and password.

HYCM (HY Markets) Review - Client Cabinet
HYCM (HY Markets) Review - Client Cabinet
3

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.

HYCM (HY Markets) Review - Open a Trading Accountt
HYCM (HY Markets) Review - Open a Trading Account
4

After registration / authorization, you can replenish your account, download and start MT4 or MT5 terminal, install the Henyep-Live server and start trading.

5

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.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
10/10

Regulation and safety

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.

Advantages
  • Tier-1 regulated
  • Negative balance protection
  • Regulated in the UK
  • Track record over 28 years
Disadvantages
  • 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 FCA UK Financial Conduct Authority United Kingdom Up to £85,000 Tier-1
CySec CySec Cyprus Securities and Exchange Commission Cyprus Up to €20,000 Tier-1
ASIC ASIC Australian Securities and Investments Commission Australia No specific fund but has stringent consumer protection Tier-1
DFSA DFSA Dubai Financial Services Authority Dubai No specific fund Tier-2
CIMA Cayman Islands Monetary Authority Cayman Islands No specific fund Tier-3

HYCM Security Factors

Foundation date 1997
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
9/10

Commissions and fees

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

Advantages
  • Low Forex trading fees
  • Tight EUR/USD market spread
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • 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 Pepperstone OANDA
EUR/USD min, pips 0,5 0,5 0,1
EUR/USD max, pips 1,2 1,5 0,5
GPB/USD min, pips 0,8 0,4 0,1
GPB/USD max, pips 2,0 1,4 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 Pepperstone OANDA
Commission ($ per lot) 2 3 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 Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 10 0 0
Score:
5.79/10

Account types

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.

Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
7.2/10

Deposit and withdrawal

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.

Advantages
  • No deposit fee
  • Supports 5+ base account currencies
  • USDT (Tether) supported
  • Minimum deposit below industry average
Disadvantages
  • Limited deposit and withdrawal flexibility, leading to higher costs
  • PayPal not supported
  • Wise not supported

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 Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC Yes No No

What are HYCM base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. HYCM supports the following base account currencies:

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.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.75/10

Markets and tradable assets

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

Advantages
  • Commodity futures are available
  • Indices trading
  • 70 supported currency pairs
Disadvantages
  • No ETFs
  • Bonds 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 Plus500 Pepperstone
Currency pairs 70 60 90
Total tradable assets 300 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes 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 Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading No No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles.
7.15/10

Trading platforms & tools

HYCM received a score of 7.15/10, 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.

Advantages
  • Trading bots (EAs) allowed
  • MetaTrader is available
  • API access for automated trading
  • One-click trading
Disadvantages
  • No access to Free VPS
  • Strategy (EA) Builder is not available
  • No access to a proprietary platform

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 Plus500 Pepperstone
MT4 Yes No Yes
MT5 Yes No Yes
cTrader No No Yes
TradingView No Yes Yes
Proprietary platform No Yes Yes
NinjaTrader No No No
WebTrader No Yes Yes

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 Plus500 Pepperstone
Trading Central Yes No No
API Yes No Yes
Free VPS No No Yes
Strategy (EA) builder No No Yes
Autochartist No No Yes
Score:
This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones.
7.7/10

Mobile apps

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.

Advantages
  • Indicators supported
  • Supports mobile 2FA
  • Mobile alerts supported
Disadvantages
  • Weak user feedback on Android

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

HYCM Plus500 Pepperstone
Total downloads 50,000 10,000,000 100,000
App Store score 5.0 4.7 4.0
Google Play score 3.4 4.4 4.0
Mob. 2FA Yes Yes Yes
Mob. Indicators Yes Yes Yes
Mob. Alerts Yes Yes Yes
Score:
5.31/10

Education

Information

HYCM website has a large training section where every trader can get information for successful trading at Forex and more. The broker provides information on the basics of analytics, trading strategies, and also offers training courses, tutorial videos. The company also holds webinars.

Materials available in the Training section
Unavailable information at the HYCM site
Analysis of trading tools, market psychology, terminology, money management, types of orders, technical and fundamental analysis, etc. 
There is no detailed analysis of each question in the articles at the site 
Basics of working with MetaTrader 4, adding indicators, etc.
 
Trading strategies
 
E-books on Forex, Goods, CFDs and Stocks
 
Webinars and trainings: schedule of new and old - on record
 
How to open an account
 

To put into practice, the knowledge gained at HYCM, the brokerage company experts advise opening a demo account to practice. This will give novice traders the experience and skills to trade on a live account.

To support traders a separate analytical section has been created at the site with an economic calendar, news and market overview.

Score:
5.12/10

Customer support

Information

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

Advantages

  • 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

Disadvantages

  • 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
+ 44 - 208 - 816 - 7812

Comparison of HYCM with other Brokers

HYCM Eightcap XM Group RoboForex TeleTrade Octa
Trading
platform
MT4, HYCM Prime Trader, HYCM Mobile MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 MetaTrader4, MetaTrader5, OctaTrader
Min deposit $100 $100 $5 $10 $10 $25
Leverage From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:40
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No 10.00% 1.00% No
Spread From 0.1 points From 0 points From 0.8 points From 0 points From 0.2 points From 0.6 points
Level of margin call
/ stop out
100%  /  20% 80%  /  50% 100%  /  50% 60%  /  40% 70%  /  20% 25%  /  15%
Order Execution STP Market Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No No No Yes Yes No

Detailed Review of HYCM

HYCM is one of the leading companies that provides services at the Forex market worldwide. The broker’s length of service is 40 years. It responsibly approaches the fulfillment of the assigned tasks, offering traders-customers the latest products for trading. Fast data transfer, convenient trading platforms and following innovations - these are the characteristic features of the broker.

The regulator for hycm com is the UK Financial Conduct Authority (FCA, 186171), the Dubai Financial Services Authority (DFSA, F000048) and the Cayman Islands Monetary Authority (CIMA, 1442313). All this is a guarantee of reliability for a trader.

HYCM is a suitable broker for both beginner and experienced traders

HYCM (HY Markets) is one of those brokers that combine a wide range of functionality for customers, technical effectiveness and reliability. The company offers many training materials that will allow beginner traders to get comfortable with Forex trading. You can choose one of three types of accounts with the broker; the minimum deposit is 100 US dollars.

The company is suitable for experienced traders who choose different types of trading strategies: automated trading with the help of advisers, trading the news. It is also suitable for long-term and medium-term strategies, since there are no swaps. Fast execution of orders (Market Execution, Instant Execution) is another characteristic feature of HYCM brokerage company. On average, each order is executed in 12 ms.

Traders working with the broker trade through MetaTrader 4 and MetaTrader 5 popular terminals. The mobile platform is also available. Owners of smartphones and tablets with Android and iOS can work simultaneously from several accounts.

HYCM analytical services:

  • daily market review - fundamental and technical analysis data;

  • economic calendar and market news - to track events that affect the volatility of trading instruments;

  • calculators - for counting points, as well as margin calculator and currency converter.

Advantages:

1

it has been operating at the market for more than 40 years, it is controlled by several regulators. This causes reasonable trust of customers;

2

good liquidity;

3

good trading conditions: three types of accounts, not counting the training one, relatively low spreads - from 0.1 pips;

4

an abundance of trading instruments and 5 types of investments: you can trade stocks, cryptocurrency, currency pairs, futures for oil, precious metals, natural gas, etc.;

5

an abundance of training materials allows the novices to make themselves at home quickly and start making money at the foreign exchange market;

6

protection against negative balance (gap) - will not allow the trader to drain the deposit;

7

you can trade with the help of advisers -  it allows you to use all the advantages of automated trading;

8

hedging is allowed - provides the opportunity to reduce risks.

Latest HYCM News

16.04.2025
Oleg Tkachenko
HYCM launches $180 deposit bonus and zero-fees
​In a strategic move to bolster its client base and reward loyalty, HYCM has introduced a suite of promotions aimed at both new and existing
19.06.2024
Mirjan Hipolito
CySEC withdraws license of Forex broker HYCM amid regulatory changes
In a significant regulatory development, the Cyprus Securities and Exchange Commission (CySEC) has withdrawn the license of the well-known forex broker

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