HYCM Capital Markets Forex Broker

HYCM Review Founded2006 Registered Country/RegionUK, Cayman Islands, UAE, St. Vincent & Grenadines RegulationSuspicious Clone (FCA, CIMA , DFSA) Market InstrumentsForex, Commodities, Indices, Shares Demo Account✅ LeverageUp to 1:500 SpreadFrom 0.2 pips Trading PlatformMetaTrader 4 (MT4), MetaTrader 5 (MT5), HYCM WebTrader Min Deposit$700 Customer SupportPhone:+44 (0) 20 7614 4670 Email:support@hycm.com 24/7 Online Chat:Yes Physical Address:18 King William St, London EC4N 7BP, UKHYCM Information HYCM provides trading across indices, commodities, currency, and shares under several regulations. Along with its own WebTrader, which suits both novice and expert traders, it supports well-known systems including MT4 and MT5. Minimum deposit $700, and leverage up to 1:500.Pros and Cons ProsCons Offers leverage up to 1:500High overnight swap rates, (EUR/USD long position at 3.25%) Provides access to over 300 trading instruments, including 70 forex pairsMinimum deposit of $700 Suspicious CloneIs HYCM Legit? HYCM operates as a suspicious clone entity. CategoryFCACySECCIMADFSA Regulatory StatusSuspicious CloneSuspicious CloneSuspicious CloneSuspicious Clone License TypeMarket Making (MM)Straight Through Processing (STP)Common Financial Service LicenseRetail Forex License Regulated ByUnited KingdomCyprusCayman IslandsUnited Arab Emirates License Number186171259/141442313F000048 Effective Date2001/12/12014/11/262018/5/172006/9/19What Can I Trade on HYCM? HYCM offers a over 300 trading instruments, including 70 forex pairs, indices, commodities, and shares. Tradable InstrumentsSupported Forex✔ Commodities✔ Indices✔ Shares✔ ETFs❌ Cryptocurrencies❌Account Types HYCM offers 4 main account types. They are Fixed Micro Accounts, Fixed standard account, Floating Pro Account and Floating institutional/VIP accounts. Account TypeFixed Micro AccountFixed Standard AccountFloating Professional AccountFloating Institutional/VIP Account Suitable UsersSuitable for beginners or investors with small fundsSuitable for experienced investors seeking lower spreadsSuitable for investors prioritizing faster order executionSuitable for institutions or VIPs trading spot and CFD products Spread TypeFixed SpreadFixed SpreadFloating SpreadFloating Spread Minimum Spread (EUR/USD)1.71.51.20.1 Minimum Deposit Requirement≥ $700≥ $700≥ $700≥ $20,000 Minimum Trade Size0.01 standard lot0.1 standard lot0.01 standard lot1 standard lot Minimum Lot Increment0.01 standard lot0.1 standard lot0.01 standard lot1 standard lot Maximum Trade Volume5202020 Maximum Position Size5505050HYCM Fees Spreads & Commissions HYCM offers different spreads depending on the account type: Fixed Micro Account: Spreads start at 1.7 pips (e.g., EUR/USD). Fixed Standard Account: Spreads start at 1.5 pips. Floating Pro Account: Spreads start at 1.2 pips; $4/lot commission applies for VIP accounts. Floating VIP Account: Spreads start at 0.1 pips; $4/lot commission. Account TypeEUR/USD (pips)USD/JPY (pips)GBP/USD (pips)Commission Fixed Micro Account1.722.2$0 Fixed Standard Account1.51.82$0 Floating Pro Account1.21.21.2$4/lot Floating VIP Account0.10.20.4$4/lot Swap Rates Overnight swap rates apply by instrument. For example: EUR/USD: -3.00% (long) / +0.00% (short)GBP/USD: -1.50% (long) / -1.50% (short)Trading Platform HYCM provides MT4, MT5, and its proprietary WebTrader. Trading PlatformSupportedAvailable DevicesSuitable For MetaTrader 4 (MT4)✔PC, Mac, Android, iOSNew traders MetaTrader 5 (MT5)✔PC, Mac, Android, iOSExperienced traders HYCM WebTrader✔Browser-basedFlexible access anywhereDeposit and Withdrawal HYCM does not charge deposit or withdrawal fees. Minimum deposit starts at $700. Deposit OptionsMin. DepositFeesProcessing Time Bank Transfer$700$01-3 business days Credit/Debit Card$0$0Instant Skrill/Neteller$700$0Instant