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HYCM -

Score

7.46 /10
Good

HYCM

United Kingdom

Above 20 years

Regulated in United Kingdom

Market Maker (MM)

MT4 Full License

High potential risk

http://henyep.com/

Influence

C

Add brokers

Comparison

Quantity 8

Exposure

Time Machine
Website

Score

Regulatory Index8.06

Business Index9.36

Risk Management Index0.00

Software Index9.99

License Index7.92

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
HYCM

Broker Information

More

Company Name

HYCM Limited

Company Abbreviation

HYCM

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-04-30
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Survey

Danger

HYCM

United Kingdom

WikiFX Verification

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Broker closes accounts without warning

HYCMhas locked my account without deducting all my money. don't pay me. broker is scam

Phương Trần31931
2021-09-12 01:34
Unable to Withdraw

unable to withdraw my money

unable to withdraw my money from last year up until now they say I must pay another money before I can get my profit

FX3568687848
2021-05-21 23:46
Resolved

I requested withdrawal yesterd

I requested withdrawal yesterday and they said within 24 hours it will complete and you fund will be withdraw and today is Friday and they said your withdrawal will be complete in monday the withdrawal process in HYCM broker are so slow and bad .

EsJaY
2024-05-04 02:11
Resolved

Hycm company is a big scammer,

Hycm company is a big scammer, they say they will send my withdrawal within 10 days, they cannot take the risk of a $ 200 investment, they do not send the withdrawal. Can't send 1000 dollars money Customer representative Ahmed asked me to lose the money

FX3622982718
2024-05-13 20:13
Sources
Data Source WikiFX Data provide
Updated: 2025-04-30
HYCM · Company summary
HYCMReview Summary
Founded2006-11-20
Registered Country/RegionUnited Kingdom
RegulationRegulated
Market InstrumentsCDFs(on Forex/Commodities/Stocks/Cryptos/Indices)
Demo Account✅
LeverageUp to 1:1000
SpreadFrom 0.1 pips
Trading PlatformHYCM Trader/MT4/MT5(Web/Windows/Mobile(Android/iOS))
Min Deposit$20
Customer SupportPhone: +442088167812
Email: support@hycm.com
Email: accounts@hycm.com
Email: info@hycm.com
Email: complaints@hycm.com
Facebook/Twitter/LinkedIn/Instagram/YouTube/Crunchbase/Discord
Live chat

HYCM Information

HYCM is a broker. The tradable instruments include CDFs on forex, commodities, stocks, cryptos, and indices. The broker also provides three accounts with a maximum leverage of 1:1000. The minimum spread is from 0.1 pips and the minimum deposit is $20.

HYCM Information

Pros and Cons

Pros Cons
MT4/MT5 availableHigh max leverage
24/5 customer supportNegative comments about difficulty in withdrawal
Regulated
Spread from 0.1 pips
Demo account available
Various tradable instruments

Is HYCM Legit?

HYCM is regulated by FCA with license number 186171, which is much safer than unregulated brokers. The license type is Market Making(MM).

Is HYCM Legit?
Is HYCM Legit?

What Can I Trade on HYCM?

HYCM offers a wide range of market instruments, including CDFs on forex, commodities, stocks, cryptos, and indices.

Tradable Instruments Supported
Forex CDFs✔
Commodities CDFs✔
Stocks CDFs✔
Cryptos CDFs✔
Indices CDFs✔
Precious Metals❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on HYCM?

Account Type

HYCM has three account types: fixed, classic, and raw. Traders who want low spreads can choose a raw account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Islamic users are allowed to open Islamic accounts with no swap fees.

Account Type FixedClassicRaw
Spreads from1.5 pips1.2 pips0.1 pips
Min. deposit20 USD20 USD20 USD
Min. Volume per trade0.010.010.01
Swap free (Islamic)YesYesYes
CommissionFreeFreeS0 to $5 per round

HYCM Fees

The spread starts at 0.1 pips, the swap is free, and the commission starts at 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

HYCM cooperates with the authoritative MT4 and MT5 trading platform and a propriety trading platform available on the Web, Windows, and Mobile(Android/iOS) to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 provide various trading strategies and implement EA systems.

Trading PlatformSupported Available Devices Suitable for
HYCM Trader✔Android/iOS-
MT4✔Web/Windows/Mobile(Android/iOS)Junior traders
MT5✔Web/Windows/Mobile(Android/iOS)Experienced traders
Trading Platform
Trading Platform
Trading Platform
Trading Platform

Deposit and Withdrawal

The minimum deposit is $20. HYCM accepts Shutterstock, Visa, Mastercard, Neteller, Skrill, Crypto, AstroPay, WebMoney, PayTrust, Fasapay, Zotapay, and Lipi for deposit and withdrawal. The deposit processing times are up to 1 hour and 1 to 7 working days and associated fees are $0. The withdrawal processing times are up to 24 hours and 1 to 7 working days and associated fees are $0.

Method (Deposits)Minimum ProcessingFees
ShutterstockUS $201 to 7 working days$0
Visa/MastercardUS $20Up to 1 hour$0
NetellerUS $20Up to 1 hour$0
SkrillUS $20Up to 1 hour$0
CryptoUS $20Up to 1 hour$0
AstroPayUS $20Up to 1 hour$0
WebMoneyUS $20Up to 1 hour$0
PayTrustUS $20Up to 1 hour$0
FasapayUS $20Up to 1 hour$0
ZotapayUS $20Up to 1 hour$0
LipiUS $20Up to 1 hour$0
Method (Withdrawals)Minimum ProcessingFees
ShutterstockUS $3001 to 4 working days$0
Visa/MastercardUS $201 to 7 working days$0
NetellerUS $20Up to 24 hours$0
SkrillUS $20Up to 24 hours$0
CryptoUS $20Up to 24 hours$0
AstroPayUS $20Up to 24 hours$0
WebMoneyUS $20Up to 24 hours$0
PayTrustUS $20Up to 24 hours$0
FasapayUS $20Up to 24 hours$0
ZotapayUS $20Up to 24 hours$0
LipiUS $20Up to 24 hours$0

News

NewsWikiFX Review: Is HYCM still reliable in 2024?

HYCM is an online broker offering a wide variety of market instruments. WikiFX reviewed HYCM a few years ago. However, we wonder if this broker is still reliable in 2024 and the coming 2025. WikiFX has made a comprehension review of this broker to help you better understand the truth.

WikiFX
2024-12-31 17:25
WikiFX Review: Is HYCM still reliable in 2024?

NewsHYCM Surrenders CySEC License, Exits Cyprus Market

HYCM (Europe) Ltd surrenders its Cyprus Investment Firm (CIF) license, effectively exiting the Cypriot market as of June 10, 2024.

WikiFX
2024-06-19 12:01
HYCM Surrenders CySEC License, Exits Cyprus Market

NewsGold buy bias if there is a big US Core PCE miss

Gold has been gaining this week on a miss in the US JOLTS job openings print and a miss in the US consumer confidence print on Tuesday. A slowdown in the US job market aligns with the Federal Reserve’s objectives, indicating that the impact of interest rate hikes is beginning to cool the US economy. The miss in these two data points sent gold surging higher on Tuesday, as yields and the dollar fell.

WikiFX
2023-09-05 18:13
Gold buy bias if there is a big US Core PCE miss

NewsIs the speculative JPY long ahead of the BoJ the right play?

The BoJ has said that it will not announce any tweak to its yield curve control policy ahead of any changes. They will just change it when it considers this the right time. So this has led some investors to long the JPY ahead of the BoJ meetings this year. However, is that view misplaced?

WikiFX
2023-08-01 15:49
Is the speculative JPY long ahead of the BoJ the right play?

NewsSummer slump

Last week, there were concerns about global economic growth. Tension between the US and China increased, and China’s Caixin PMI data was also lower than expected.

WikiFX
2023-07-10 11:56
Summer slump

NewsECB: Taking cues from the flexible Fed

Anticipations of a 25 basis points rate increase prevailed ahead of the latest ECB meeting. The market was predominantly concerned with the forward guidance and the prospective path of the rates. In brief, despite an uptick in inflation expectations and a reduction in GDP projections, the ECB aims to adhere to a supple and information-oriented methodology in its future endeavors.

WikiFX
2023-06-21 10:35
ECB: Taking cues from the flexible Fed

NewsDebt ceiling suspended, but challenges persist

Based on the recent piece of opinion released by some news agency highlighted that the latest budget deal successfully suspended the debt ceiling, averting a potential debt default. However, it also pointed out that this measure does little to address the United States’ long-term fiscal challenges, as US deficits continue to accelerate.

WikiFX
2023-06-09 10:37
Debt ceiling suspended, but challenges persist

NewsHYCM Sets New Standard with Zero-Commission Stock Trading Launch

HYCM has introduced commission-free stock trading on its MT5 platform, offering access to over 1000 global stocks. The feature allows investors to buy fractional shares from $10, including dividend-yielding stocks. However, this is not available under HYCM (Europe) Ltd and HYCM Capital Markets (UK) Limited.

WikiFX
2023-05-17 10:29
HYCM Sets New Standard with Zero-Commission Stock Trading Launch
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User Reviews

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User comment

15

Comments

Write a review

Queel
more than one year
Trust me, friends! If you don't know which broker to trade with, choose HYCM! These brokers with many years of industry experience are much more reliable than those cloning fraud brokers, at least they are legally regulated and offer transparent information, so you do not need to worry about being scammed.
Trust me, friends! If you don't know which broker to trade with, choose HYCM! These brokers with many years of industry experience are much more reliable than those cloning fraud brokers, at least they are legally regulated and offer transparent information, so you do not need to worry about being scammed.
Translate to English
2023-02-13 15:29
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0
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FX1111783864
more than one year
This is my first broker when I was just starting out in the forex industry. I trust this broker very much. What it gave me was not just a comfortable trading environment, but also useful trading strategies along with my trading journey. Thank you, HYCM!
This is my first broker when I was just starting out in the forex industry. I trust this broker very much. What it gave me was not just a comfortable trading environment, but also useful trading strategies along with my trading journey. Thank you, HYCM!
Translate to English
2022-12-06 17:34
Reply
0
1
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