HYCM

Forex and CFD BrokerFounded 1977London, United Kingdom

Reviewed September 2, 2026

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Category Scores

Regulation Safety9.0
Trading Costs8.8
Platforms Technology8.7
Asset Coverage9.0
Trading Conditions8.8
Tools Resources8.2
Customer Support8.7
User Experience8.8
Account Opening9.0

Broker Overview

HYCM is a global Forex and CFD broker with roots dating back to 1977, offering access to Forex, commodities, indices, stocks and cryptocurrencies through MetaTrader 4, MetaTrader 5 and its proprietary HY Trader app. The broker combines multi-jurisdictional regulation with flexible account pricing structures.

Markets

ForexGoldOilIndicesStocksCryptocurrencies

Available Regions

United KingdomMiddle EastAsiaInternational

Regulation & Safety

HYCM operates under regulatory oversight from the FCA, DFSA and CIMA, with client funds held in segregated accounts and negative balance protection provided. Its CySEC (Cyprus) authorization was voluntarily renounced in June 2024, so it no longer serves EU clients under a MiFID II-regulated entity.

Regulators

Name
Financial Conduct Authority (FCA)
Status
Yes
Tier
top
Name
Dubai Financial Services Authority (DFSA)
Status
Yes
Tier
standard
Name
Cayman Islands Monetary Authority (CIMA)
Status
Yes
Tier
offshore

Trading Costs

HYCM offers Fixed, Classic and RAW account pricing, ranging from commission-free spreads of around 1.2-1.5 pips to RAW spreads from 0.1 pips plus a per-lot commission. The $100 minimum deposit keeps the entry barrier relatively low.

Minimum deposit
$100
Commission model
Fixed and Classic accounts are commission-free with wider spreads; RAW accounts charge roughly $4 per round-turn lot on top of near-raw spreads
Overnight fee
Swap charges apply to positions held overnight; swap-free Islamic accounts are available
Inactivity fee
Approximately $10 per month after 90 days of account inactivity

Platforms & Technology

HYCM provides MetaTrader 4 and MetaTrader 5 alongside its proprietary HY Trader mobile app, covering desktop, web and mobile access with support for automated trading via Expert Advisors. The broker does not offer cTrader.

Platforms

MT4(available)MT5(available)HY Trader App(available)

Features

  • Advanced charting
  • Automated trading via Expert Advisors
  • Mobile trading (Android & iOS)
  • Proprietary HY Trader app
  • Streaming news feed

Availability

Desktop Windows(available)Desktop Mac(available)Web(available)Android(available)Ios(available)

Asset Coverage

HYCM provides access to over 300 CFD instruments spanning Forex, metals, energy, indices, stocks, ETFs and cryptocurrencies, with crypto availability restricted for EU and UK clients.

Available assets

Forex
Available
Commodities
Available
Indices
Available
Stocks
Available
Etfs
Available
Cryptocurrencies
Available
Bonds
No
Options
No
Futures
No

Trading Conditions & Tools

Trading conditions

Overview
HYCM offers three account structures (Fixed, Classic, RAW) with a $100 minimum deposit, 0.01 minimum lot size and leverage up to 1:500 outside FCA/CIMA-restricted jurisdictions. Scalping and hedging are generally not supported.
Suitable For
Forex tradersGold tradersDay tradersSwing tradersAlgorithmic traders

Tools & resources

Overview
HYCM provides core trading tools including charting packages, a streaming news feed and account manager support, though its research and education ecosystem is less extensive than some larger competitors.
Tools
Charting packageStreaming news feedEmail and mobile alertsPersonal account managerTrailing stop orders

Support & Account Opening

Customer support

Overview
HYCM offers 24/5 multilingual customer support across several channels, with typical email responses reported within about an hour to 24 hours depending on the source.
Channels
Live chatPhoneEmail

Account opening

Overview
Account opening is a straightforward digital process with a $100 minimum deposit and demo accounts available for new traders to test the platform before funding a live account.
Process
RegistrationIdentity verificationDocument submissionAccount approvalFunding

User Experience

HYCM offers a straightforward trading experience built around established MetaTrader platforms, with mobile access via Android and iOS and multiple funding options for account management flexibility.

Demo account
Available
Mobile trading
Available

Trader Compatibility

Forex Trader9.0
Gold Trader9.2
Scalper7.5
Ea Algorithmic Trader8.5
Beginner Trader9.0
Crypto Trader8.0
Multi Asset Cfd Trader8.5

Who It's For

Best for

  • Forex and gold traders
  • Traders who prefer MetaTrader platforms
  • Traders seeking multiple account structures
  • Algorithmic traders using Expert Advisors
  • Traders who value long-standing FCA-regulated brokers

Not recommended for

  • Traders who require cTrader
  • EU-based traders (no EU-regulated entity since 2024)
  • Scalpers and hedging-focused traders

Final Review

HYCM remains a strong choice for Forex, gold and CFD traders who value multi-jurisdictional regulation, flexible account structures and MetaTrader compatibility. Specialized traders needing cTrader, hedging, or EU-regulated access may find better alternatives elsewhere.

8.8/ 10
HYCM rating
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Trading carries risk. Review the broker’s current terms directly before opening an account. This page is informational and not financial advice.