FXBrokerTrust
HYCM

HYCM

CompliantChinese Support
Company Name
HYCM
Headquarters
United Kingdom
Founded
Founded in 1977
  • FCA
  • CySEC
  • DFSA
  • CBUAE
  • FSA
Overall Score
7.8/10
Min Deposit
$100
Max Leverage
1:300
EUR/USD Spread
0.3 pips
Trading Platform
MT4, MT5, HYCM App
Withdrawal Speed
1-3 business days

Overview

HYCM is a UK-based multi-regulated broker with over 40 years experience, offering forex, CFDs, and shares trading with competitive spreads and multiple account types.

Basic Information

Company Name
HYCM
Founded
Headquarters
United Kingdom
Official Website
https://www.hycm.com
Instruments
Forex, CFD, Indices, Commodities, Cryptocurrencies, Shares
Account Types
Fixed, Classic, Raw
Chinese Support
Yes

Regulation

Regulatory licenses and compliance status of this broker

  • GB
    FCAVerified

    Financial Conduct Authority · License NumberFRN 672757

  • CY
    CySECVerified

    Cyprus Securities and Exchange Commission · License NumberCySEC 215/13

  • AE
    DFSAVerified

    DFSA · License NumberCL2655

  • AE
    CBUAEVerified

    CBUAE · License Number3/18/12

  • SC
    FSAOffshore

    Financial Services Agency · License NumberSD020

Trading Conditions

Trading Conditions

Max Leverage
1:300
Min Deposit
$100
EUR/USD Spread
0.3
Trading Platforms
MT4, MT5, HYCM App
Instruments
Forex, CFD, Indices, Commodities, Cryptocurrencies, Shares
Account Types
Fixed, Classic, Raw

Deposits & Withdrawals

Deposit Methods
  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
Deposit FeeFree
Withdrawal Methods
  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
Withdrawal Speed1-3 business days
Withdrawal FeeFree

Scoring Details

Regulatory QualificationWeight 30%
8
Trading EnvironmentWeight 20%
7.5
Fund SafetyWeight 15%
8
User ReputationWeight 15%
7.8
Platform FeaturesWeight 10%
7.5
Customer ServiceWeight 10%
7.5

Pros & Cons

Pros

  • 40+ years of experience
  • Multiple regulators
  • Fixed spread option
  • Low minimum deposit ($100)
  • Multiple account types

Cons

  • Limited cryptocurrency selection
  • Higher minimum deposit than competitors
  • Platform options limited to MT4/5
  • No Islamic account option