Overview
HYCM is a CFD brokerage group featuring entities regulated by the UK FCA and the DFSA, while its global website is served by an entity registered in Costa Rica. It offers Fixed, Classic, and Raw accounts with a $20 minimum deposit on MetaTrader 4, MetaTrader 5, and the HYCM Trader app.
HYCM: questions and answers
Is HYCM regulated?
Yes, HYCM is licensed by 2 regulators: DFSA, FCA. They include top-tier regulators such as DFSA, FCA. Always check which entity you open your account with, as protection depends on the regulator.
What is the minimum deposit at HYCM?
The minimum deposit at HYCM is $20; it can vary by account type and payment method.
What is the maximum leverage at HYCM?
Leverage at HYCM goes up to 1:500, depending on the regulator, account type and instrument. High leverage magnifies both profits and losses.
Which trading platforms does HYCM offer?
HYCM offers trading on MetaTrader 4, MetaTrader 5, Web Trader, Mobile App, HYCM Trader.
What can I trade with HYCM?
HYCM lets you trade Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices.
Does HYCM offer an Islamic account?
Yes, HYCM offers a swap-free Islamic account. Check its conditions, such as admin fees after a number of days.
Does HYCM have a demo account?
Yes, you can open a free demo account at HYCM to practise with virtual money before trading for real.
Licences
| Regulator | Licence number | Last verified |
|---|---|---|
| DFSA — Dubai Financial Services Authority Verify on the official register | F000048 | — |
| FCA — Financial Conduct Authority Verify on the official register | 186171 | — |
Available markets
Key facts
| Percentage of losing CFD accounts | 73-76% |
|---|
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