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HYCM Review

  • Minimum Deposit: $20

  • Trust Score: 86

  • Tradeable Symbols (Total): 1199

Trading Platforms

  • MetaTrader4 (MT4)​

  • MetaTrader5 (MT5)

  • HY Trader App

Competitive Pricing, Spreads from 0.2

Overview

HYCM Capital Markets is a Cyprus-based online broker offering a diverse range of assets, including CFDs on stocks, metals, gold, oil, forex, and cryptocurrencies. Regulated by various authorities worldwide, including CySEC, CIMA, FCA, and the Dubai Financial Services Authority, HYCM boasts over 40 years of cumulative group experience, providing traders with reliability and expertise that set it apart from competitors.

Pros and Cons

Pros

  • Low Minimum Deposit: With a minimum deposit requirement of just $20, HYCM offers accessibility to a wide range of traders, from beginners to seasoned investors.

  • Competitive Spreads: HYCM boasts a minimum spread of 0.1, ensuring that traders can potentially save on trading costs.

  • No Commissions: Trading with HYCM means no additional commission fees on certain account types, allowing traders to keep more of their profits.

  • Diverse Asset Selection: This broker provides traders with access to over 1300 assets, including stocks, metals, gold, oil, forex, and cryptocurrencies.

  • Mobile App: HYCM offers a mobile app compatible with both Android and iOS, enabling traders to stay connected and make informed decisions on the go.

Cons

  • Low Minimum Deposit: With a minimum deposit requirement of just $20, HYCM offers accessibility to a wide range of traders, from beginners to seasoned investors.

  • Competitive Spreads: HYCM boasts a minimum spread of 0.1, ensuring that traders can potentially save on trading costs.

  • No Commissions: Trading with HYCM means no additional commission fees on certain account types, allowing traders to keep more of their profits.

  • Diverse Asset Selection: This broker provides traders with access to over 1300 assets, including stocks, metals, gold, oil, forex, and cryptocurrencies.

  • Mobile App: HYCM offers a mobile app compatible with both Android and iOS, enabling traders to stay connected and make informed decisions on the go.

Recommended For

HYCM Capital Markets is well-suited for a wide range of traders. Its low minimum deposit of $20 makes it accessible to beginners looking to dip their toes into the trading world without a substantial financial commitment. Seasoned traders will appreciate the competitive spreads and the variety of over 1300 assets available for trading, including cryptocurrencies. The absence of commissions and a mobile app for on-the-go trading are additional advantages. However, it’s worth noting that the limited support hours may be a drawback for those who require assistance outside of regular business hours. Overall, HYCM is an excellent choice for traders globally, with the exception of those residing in countries where the broker’s services are restricted.

Regulated By

  • Financial Conduct Authority (FCA) UK

  • Securities and Exchange Commission (CySEC) Cyprus

  • Financial Services Authority (DFSA) Dubai

  • Cayman Islands Monetary Authority (CIMA)

Top Features

  • Low Minimum Deposit: With a minimum deposit requirement of just $20, HYCM offers accessibility to a wide range of traders, from beginners to seasoned investors.

  • No Commissions: HYCM prides itself on offering commission-free trading on certain account types, allowing traders to focus on potential profits without the burden of extra fees.

  • Mobile App: The mobile app ensures that traders can manage their portfolios and make informed decisions on the go.

  • Personal Account Managers: HYCM provides personal account managers, offering tailored support to clients, which can be especially valuable for novice traders.

  • Multiple Account Types: Traders can choose from Fixed, Classic, or RAW accounts, each tailored to different trading preferences, whether it’s fixed spreads, variable spreads, or raw spreads.

Risk Disclaimer: FXCrib will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

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