HYCM
CFD trading involves significant risk. Past performance does not guarantee future results.
Advantages
- 47+ years operating history
- FCA regulated
- Low raw spread 0.1 pips
- Fast execution ~12ms
- $20 minimum deposit
Disadvantages
- $10/month inactivity after 90 days
- Scalping not recommended
- CySEC renounced June 2024
- Limited instruments (1,199-1,300)
- Conflicting bank status
Expert Review
HYCM is one of the oldest brokers in the industry, tracing its roots back to 1977 through the HYCM Group (formerly known as HY Markets). Regulated by FCA and SFC Hong Kong, it brings decades of institutional experience to retail trading.
The Raw account offers competitive spreads from 0.1 pips with a $4-5 RT commission, resulting in an all-in EUR/USD cost of ~0.6 pips — among the lowest in the market. The $20 minimum deposit and HYCM Invest platform for commission-free stock trading add accessibility.
However, the low 3.5 Trustpilot rating and just 196 reviews suggest limited market penetration. Market maker execution, the "not recommended" scalping policy, and the $10/month inactivity fee after 90 days are notable drawbacks. Best for traders valuing institutional heritage over cutting-edge features.
Key Highlights
- •Operating since 1977 (47+ years)
- •FCA + SFC Hong Kong regulated
- •Raw spreads from 0.1 pips
- •HYCM Invest for commission-free stocks
- •Min deposit just $20
Trading Conditions
Account Types
Platforms & Tools
MetaTrader 4
Cea mai populară platformă de tranzacționare valutară din lume. MT4 oferă grafice avansate, tranzacționare automată cu Expert Advisors și o piață vastă de indicatori personalizați.
Fees & Commissions
Spreads Comparison
| Pair | Raw | Standard | Level |
|---|---|---|---|
| EUR/USD | 0.1 | 1.2 (Classic); 1.5 (Fixed) | medium |
| GBP/USD | - | 1.7 | medium |
| Gold (XAU/USD) | - | 0.25 | medium |