HYCM

About HYCM

HYCM is one of the most established forex brokers, with more than 40 years of experience in the industry. The company is regulated by the FCA (UK), CySEC (Cyprus), and CIMA (Cayman Islands), all highly reputable financial authorities. Backed by strong oversight, HYCM has built a trustworthy reputation in online trading.

Pros

• Wide range of products: forex, indices, metals, commodities, energies, stocks, and cryptocurrencies.

• Access to MT4, MT5, and its proprietary platform PrimeTrader.

• Free demo accounts available.

• Multilingual customer support 24/5.

• Islamic (swap-free) accounts provided.

• Strict regulatory framework (FCA, CySEC, CIMA).

Cons

• Minimum deposit of $100 may be a barrier for beginners.

• Not available for U.S. residents.

Account Types & Fees

• Fixed Account: spreads from 1.5 pips, no commission.

• Classic Account: spreads from 1.2 pips, no commission.

• Raw Account: spreads from 0.1 pips, $4 commission per lot, min. deposit $200.
  Demo and Islamic accounts are also offered.

Trading Platforms
HYCM supports MT4 and MT5, widely recognized platforms with customizable charts, technical indicators, and EA support. MT5 adds advanced features such as hedging, access to futures, and options trading.

Leverage & Fees
Leverage up to 1:500 for forex. Spreads are variable depending on account type. Inactivity fee: $10/month after 3 months.

Deposits & Withdrawals

• Bank transfer, Visa/Mastercard, e-wallets (Neteller, Skrill, Perfect Money).

• Minimum deposit: $20.

• Fast withdrawals (within 24 hours for certain methods).

• No deposit/withdrawal fees.

Education & Support
HYCM provides extensive educational resources including webinars, video tutorials, trading guides, and market analysis.
Customer service is available 24/5, multilingual, via phone, email, and live chat.

Conclusion
HYCM is a reliable broker with strong regulation and decades of experience. With diverse products, advanced platforms, and quality support, it is suitable for both beginners and experienced traders seeking secure access to global markets.