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Analyst Team
Updated: 21 Jan 2022

HYCM is a highly respected broker regulated across multiple jurisdictions and with a long history of providing trading services. This review is impressed that the company has been in business since 1977, giving it over 40 years of experience.

The broker prides itself on meeting high standards, including spreads from just 0.2 pips and an average execution time under 12 milliseconds. It offers more than 300 trading instruments and a full range of account types.

The Headquarters are in London, with additional offices in Cyprus, Dubai, Kuwait, and the Cayman Islands. The parent company, HENYEP Group, has its headquarters in Hong Kong.

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FXTM: Broker of the Month

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FXTM (trading under ForexTime Limited) is a multi-award-winning, leading Forex and CFD broker. Regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK, FXTM not only provides a safe and secure place to trade but an industry-leading experience for traders of all levels. You can get started with just £100 or practice for free in a demo account

Broker Overview

HYCM Lower trading fees

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😁 We really liked…
  • More than 40 years of experience
  • Regulated by multiple bodies around the world
  • Winner of multiple awards
😕 Could improve...
  • Some brokers offer more trading instruments
General Information
Website HYCM
You can trade Forex , CFD , Stocks , Cryptocurrency

HYCM Review Navigation

What can you trade?

#1 Forex

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Min Deposit App Support Max Leverage Trading Fees
£100 Mid 1:30 Mid

Any forex review will likely praise the range of currency pairs available from the broker, along with its spreads and clear pricing.

At the time of writing this  review, the broker supported an impressive 69 forex pairs. This gives it a distinct advantage over other brokers, as many have at least 10 to 20 fewer pairs available. Those who review UK HYCM forex rates will notice spreads from just 0.2 pips, margins from just 0.5 per cent, and maximum leverage of 1:200.

Current and potential clients can review pricing themselves by viewing the Products page, which clearly details the minimum spreads for each instrument and account type.

#1 CFD

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Min Deposit App Support Max Leverage Trading Fees
£100 Mid 1:30 High

Most assets available from HYCM are part of an CFD review, as they are only available via CFDs. By offering stocks, indices, cryptocurrencies, and commodities as Contracts for Difference, broker allows clients to access a range of asset classes on a single platform and to take advantage of leverage.

The index CFDs can have leverage of up to 1:200 and there are more than 15 of the most popular indices from around the world. This type of offering gives clients instant access to the global markets for equity. The 15 available commodities can have leverage of up to 1:133 and span categories such as metal, energy, and agriculture.

#1 Stocks

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Min Deposit App Support Max Leverage Trading Fees
£100 Mid 1:20 Mid

As previously mentioned, you will find some stocks as you review CFD offerings. This is the only way in which stocks are available via the broker, as you cannot directly trade them in the traditional sense.

By choosing to trade share CFDs with HYCM, clients can take advantage of maximum leverage of up to 1:20. There are over 170 shares to choose from, with clearly displayed minimum spreads on the Products page.

#1 Cryptocurrency

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Min Deposit App Support Max Leverage Trading Fees
£100 Regular 1:2 High

This HYCM cryptocurrency review gives clients the chance to make a profit off the volatility and popularity of cryptocurrencies without any physical purchase of the digital asset.

As you review cryptocurrency offerings, you will notice five main cryptocurrencies with a total of 14 total cryptocurrency pairs available. This is a reasonable amount of assets, although some brokers do offer more. Leverage on cryptocurrencies can reach 1:20. As always, this review appreciates the ability to easily compare minimum spreads across account types on the Products page.

What did our traders think after reviewing the key criteria?


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This forex review finds that the broker’s fees are reasonably competitive. The majority of fees come in the form of spreads, although there are also fees for swaps and rollovers. Certain account types also carry fees on certain assets.

Any time that a fee will apply to an action, HYCM will list it clearly on the relevant part of the website, something that this review appreciates as it means there are no hidden fees. Traders will also likely appreciate the fact that there are multiple account types that let you choose whether you prefer fixed or variable spreads.

Account Types

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Those exploring a cryptocurrency review will notice that the broker offers multiple account types. This helps it appeal to traders of all experience levels and styles.

Fixed accounts can have spreads as low as 1.8 pips with no commission and have a minimum deposit of $100. There is a minimum trade volume of 0.01 lots. Islamic accounts are available, and Expert Advisors are not available.

Classic accounts have variable spreads starting at 1.2 pips with no commission. The minimum deposit and minimum trade volume are the same. Both Islamic accounts and Expert Advisors are available.

Raw accounts offer raw spreads as low as 0.2 pips along with commissions of $4 per round. The minimum deposit increases to $200. There is still a minimum trade volume of 0.01 lots and availability for EA and Islamic accounts.

Our HYCM UK review suggests VIP accounts for those who plan to trade in higher volumes. This type of account improves spreads on Fixed accounts and adds dedicated account managers and comprehensive market analytics.

Demo accounts are also available to help you test out the platform and hone your trading skills with virtual funds.


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This review appreciates the presence of familiar platforms for trading, namely MetaTrader 4 and MetaTrader 5. The option of using these platforms should help traders feel comfortable with using HYCM. Additionally, it means that clients will be able to find tutorials and additional tips for using the platforms, both from broker and from other sources.

hycm platform

As you review UK platforms, you will likely appreciate the ability to use Expert Advisors with ease on MT4. MetaTrader 4 makes them easy to install for 24/5 trading without third-party bridges. Additionally, MetaTrader 4 is available across a range of devices, including applications from both Google Play and the Apple App Store.

MetaTrader 5 is the other exceptional choice for trading with HYCM and this should help it appeal to more advanced traders. That platform is also available for both Android and iOS devices. Using either MT4 or MT5 gives traders the chance to trade more than 300 instruments across five asset classes.


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Most who look to review HYCM forex, CFD, or other instruments will find the website to be highly usable. It has a clean, professional appearance via the use of grayscale with pops of colour. At the same time, the use of background images helps keep the website exciting without distraction.

The main navigation menu is simple to use with its drop-down menus. This review also appreciates the separate upper menu for major headings, such as the Help Centre and Henyep Group. This allows broker to fit even more navigation within a small space without being overwhelming.

Customer Support

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Those who need information to review HYCM CFD trading themselves can find useful information in the Help Centre. This page includes an FAQ section that has answers to the most common questions, including for those who are considering signing up with HYCM and those who already have. The FAQ section is conveniently divided into categories, making it easy to find the relevant information.

The Help Centre also features a link to the Education section of the website, as well as Forms & Documents and Getting Started. It also has a convenient search bar.

The easiest way to contact support is via the live chat function, which is available from the top right of any page on the website. You can also reach the Contact Us page by choosing About from the main navigation menu. The Contact Us page includes a local UK phone number and multiple email addresses, each for a specific category, such as account opening or client support. Clients can also visit the London headquarters.

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Payment Methods

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As you review HYCM payment methods, you will notice that there are no deposit fees and a range of methods are available. Keep in mind that your payment provider may charge you a fee.

Card payments

Card payments, including Visa and MasterCard, are processed within an hour, offering nearly instant deposits.

Bank wire transfer

Bank wire transfers take between one and seven working days to process.


Also supports several e-wallets. WebMoney, Neteller, and Skrill can all take up to one hour for processing of funds, also offering nearly instant access to the funds.

Best Offers

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The Education section on HYCM includes an FAQ section with educational information regarding trading forex, indices, stocks, and commodities. This section is incredibly helpful for beginners but will not have much insight for experienced traders.

There is also a main Education page, offering tutorials, trading tools, trading strategies, and videos to help clients use MT4. Here, you can find lessons for all skill levels, including Advanced Technical Analysis and Basic Forex Terms. There are also eBooks and a Beginners’ Course.

Clients also have the chance to review webinars. There are weekly webinars looking at the week ahead in forex in addition to a range of online workshops. For all webinars and workshops, HYCM includes a detailed description. Clients can view past webinars for additional resources. Traders also have the option to attend in-person seminars run by the broker, with locations around the world.

Regulation & Deposit Protection

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