- Low Minimum Deposit: With a minimum deposit requirement of just $20, HYCM offers accessibility to a wide range of traders, from beginners to seasoned investors.
- Competitive Spreads: HYCM boasts a minimum spread of 0.1, ensuring that traders can potentially save on trading costs.
- No Commissions: Trading with HYCM means no additional commission fees on certain account types, allowing traders to keep more of their profits.
- Diverse Asset Selection: This broker provides traders with access to over 1300 assets, including stocks, metals, gold, oil, forex, and cryptocurrencies.
- Mobile App: HYCM offers a mobile app compatible with both Android and iOS, enabling traders to stay connected and make informed decisions on the go.
- Limited Support Hours: Customer support is available 24/5, which may be less convenient for traders in need of assistance outside regular business hours.
- Restrictions on Service: HYCM does not serve clients from certain countries, including the USA, due to regulatory reasons
Account Options
- Broker TypeMM
- Minimum Deposit$20
- Maximum Leverage1:500
- Forex Majors SpreadEUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, and NZD/USD
- ScalpingNo
- HedgingNo
- Free Demo AccountYes
- Traders From USANo
Account Types
| SR |
Fixed |
Classic |
RAW |
|
Account Currencies |
EUR, USD, GBP, AED, JPY |
EUR, USD, GBP, AED, JPY |
EUR, USD, GBP, AED, JPY |
|
Minimum Deposit |
$20 |
$20 |
$20 |
|
Available Leverage |
1:500 |
1:500 |
1:500 |
|
Commission Per Trade |
$0 |
$0 |
$4 per round |
|
Decimal Pricing |
1.5 pips |
1.2 pips |
0.1 pips |
|
Trading Instruments |
Forex, Indices, Commodities, CFD on Stocks |
Forex, Indices, Commodities, CFD on Stocks |
Forex, Indices, Commodities, CFD on Stocks |
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
0.01 |
|
Spreads |
1.5 pips |
1.2 pips |
0.1 pips |
|
Demo Account |
Yes |
Yes |
Yes |
|
Swap/Rollover Fee |
Yes |
Yes |
Yes |
|
Copy Trading Support |
No |
No |
No |
Trading Platforms
- MetaTrader4 (MT4)
- MetaTrader5 (MT5)
- HY Trader App
Compliance & Regulation
HYCM Capital Markets is regulated by various authorities worldwide, including CySEC, CIMA, FCA, and the Dubai Financial Services Authority. This regulatory oversight ensures that the broker adheres to strict financial standards and compliance requirements, offering a level of transparency and security to its clients. Being regulated by a respected authority like CySEC means that HYCM is accountable for its operations, financial stability, and client protection. This regulatory framework provides traders with confidence in the broker’s legitimacy and commitment to maintaining a fair and secure trading environment.
Fees & Commissions
- Margin Interest0%
Reliability & Security
To ensure the security and reliability of its services, HYCM employs robust security measures. These include stringent regulatory oversight by CySEC, ensuring compliance with industry standards. Additionally, the broker prioritizes client fund security by maintaining segregated accounts with reputable banks. Negative balance protection safeguards traders from excessive losses, providing an added layer of risk management. HYCM’s commitment to security and regulatory adherence contributes to a trustworthy and dependable trading environment for its users.
