Yes, our review of HYCM found that the broker is regulated by the FCA, CySEC, CIMA, and DIFC. This gives traders across the globe and ensures that you are properly protected at all times. As these are all top-tier authorities, it also proves that HYCM is a completely reputable and responsible brand.

No, HYCM is not a scam, as the broker is well-regulated and has been in business since 1977. All accounts come with strong client protection measures, as well as fair trading fees and transparent policies. As such, you can trust HYCM to operate as a top-rated forex broker at all times.

Accepts traders from Malta

92.8

Points

Overall

Points

Commissions & Fees

Points

Licensing & Safety

Points

Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

300+Number of instruments

Open Account

1,000,000+ Traders

Regulated by

FCA

CySec

CIMA

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

HYCM review

Q: What is the minimum deposit at HYCM?

The minimum deposit is $100 for Fixed and Classic accounts and $200 for Raw accounts. This is reasonable in comparison with other brokers with similar features, fees, and resources. Moreover, there are no transaction fees to be paid when you do make a deposit.

Q: Does HYCM charge commission?

Fixed and Classic accounts do not carry commissions. With a Raw account, however, you will be charged a $4 commission on forex trades, per round lot, and a $5 commission on certain commodities.

Q: What HYCM account types are there?

There are Fixed accounts with fixed spreads, Classic accounts with variable spreads, and Raw accounts with tighter spreads and commissions. This choice means that there’s something for every level of trader, and every budget.

4 January 2021 - Kate Leaman

After careful research, our HYCM review team can confirm that this is a trustworthy broker with a strong reputation in the Forex community. Boasting a long and successful history, having been operational since 1977, HYCM also offers multi-jurisdictional regulation and has won 15 reputable awards over the years. At HYCM, you can enjoy over 300 trading instruments, execution speeds of under 12 milliseconds on average, and spreads from 0.2 pips. HYCM is a worldwide broker, with service providers in more than 140 countries and offices in leading global financial centers.

More than 300 instruments
Award-winning mobile application
Regulated by FCA, DIFC, CIMA, and CySEC
Best broker for variety of assets
No social trading available

HYCM overall scores

In this review, you can find all the information you need to decide whether HYCM is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how HYCM scored in each of our high-priority categories.

Commissions & Fees

95 Points

Payments

92 Points

Licensing & Safety

99 Points

Customer Service

95 Points

Trading Platforms & Tools

87 Points

Education

89 Points