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
- $100
- MT4
- MT5
- HYCM Mobile
- FCA
- CIMA
- DFSA
- 1997
Our Evaluation of HYCM
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
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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- 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 Advice
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 |
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📊 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
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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.
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:
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fresh analytical data;
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statistics on the trade with the help of advisers;
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statistics on the effectiveness and profitability of affiliate programs;
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useful educational information;
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access to the history of trading operations and replenishment-withdrawal of funds;
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current quotes;
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customer service for professional advice.
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.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 28 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 |
---|---|---|---|---|
|
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
|
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
|
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
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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 |
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.
- 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 | 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 |
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:
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
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.
- No deposit fee
- Supports 5+ base account currencies
- USDT (Tether) supported
- Minimum deposit below industry average
- 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.
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.
- Commodity futures are available
- Indices trading
- 70 supported currency pairs
- 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 |
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.
- Trading bots (EAs) allowed
- MetaTrader is available
- API access for automated trading
- One-click trading
- 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 |
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.
- Indicators supported
- Supports mobile 2FA
- 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 | 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 |
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.
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.
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:
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directly by phones indicated at the site;
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by email;
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in the online chat at the broker's website;
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on popular apps: Facebook, Viber, Skype, WhatsApp and Telegram;
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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:
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daily market review - fundamental and technical analysis data;
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economic calendar and market news - to track events that affect the volatility of trading instruments;
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calculators - for counting points, as well as margin calculator and currency converter.
Advantages:
it has been operating at the market for more than 40 years, it is controlled by several regulators. This causes reasonable trust of customers;
good liquidity;
good trading conditions: three types of accounts, not counting the training one, relatively low spreads - from 0.1 pips;
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.;
an abundance of training materials allows the novices to make themselves at home quickly and start making money at the foreign exchange market;
protection against negative balance (gap) - will not allow the trader to drain the deposit;
you can trade with the help of advisers - it allows you to use all the advantages of automated trading;
hedging is allowed - provides the opportunity to reduce risks.
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