HYCM charges a $10 monthly inactivity fee on accounts that have been dormant for a minimum of 90 days. HYCM’s EURUSD is offered at 1.8, 1.4, and 0.2 pips on Fixed, Classic and Raw accounts.
HYCM at a glance
| Broker's Name | HYCM |
| 🏛️ Headquarters | United Kingdom, Hong Kong, and Cyprus |
| 📅 Year Founded | 1977 |
| ⚖️ Regulating Authorities | FCA, CySEC, DIFC, DFSA, CIMA |
| 🌐 Countries not accepted for trade | USA or Canada |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $100/R1 600 |
| 💳 Deposit Options | Debit/credit card (Visa or Mastercard), Skrill, Neteller, Webmoney, China Union Pay, Interac or wire transfer |
| 💳 Withdrawal Options | Debit/credit card (Visa or Mastercard), Skrill, Neteller, Webmoney, China Union Pay, Interac or wire transfer |
| 📊 Platform Types | MetaTrader 4, MetaTrader 5, WebTrader |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, stocks, indices, commodities |
| 💬 Languages supported on Website | Multilingual |
| 💬 Customer Support Languages | Multilingual |
| ⏲️ Customer Service Hours | 24/5 |
| 👉 Open a account | Click Here |
Min Deposit USD 20 Regulators FCA Trading Platform MT4, MT5, WebTrader Crypto No Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our HYCM Fees Spreads and Commission below.
HYCM Fees and spreads – 7 key points quick overview:
HYCM Fees and Spreads- HYCM Additional Trading Fees
- HYCM Broker Fees
- HYCM Pros and Cons
- Conclusion
- HYCM Customer Reviews
- Frequently Asked Questions
Here is our overview of the HYCM Fees Spreads and Commission as well as the features that are offered, which could effect your trading.
HYCM Fees and Spreads
Traders with HYCM can expect the following spread list:
The spreads offered by HYCM will vary depending on the selected account type. The EURUSD is offered at 1.8, 1.4, and 0.2 pips on Fixed, Classic and Raw accounts.
With regards to commissions, Raw Accounts have a $4 commission per round on forex trades and some commodities.
HYCM Additional Trading Fees
HYCM charges a $10 monthly inactivity fee on accounts that have been dormant for a minimum of 90 days, and the broker does charge swap fees, also referred to as overnight fees.
A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.
The broker does offer an Islamic, or swap-free account, which will allow traders of the Muslim faith to avoid paying swap fees as they fall under the type of interest that is prohibited by Sharia law. However, Islamic accounts are not charged interest overnight only for the first 14 days a position is open. After this period, each contract is charged at $5 per night.
For withdrawals via wire transfer of less than US$300, a handling fee of US$30 will be charged. Deposits and all other withdrawal types are processed free of charge, although your payment processor may charge a handling fee which is beyond the broker’s control.
HYCM Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution. As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.
As HYCM is not a spread betting broker, spread betting fees will not apply.
Min Deposit USD 20 Regulators FCA Trading Platform MT4, MT5, WebTrader Crypto No Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
HYCM Pros and Cons
| ✔️ Pros | ❌ Cons |
| Acceptable minimum deposit of $100 | Inactivity fees |
| Competitive spreads | Swap fees charged on Islamic account for positions held open longer than 14 days |
| No deposit fees | Withdrawal fees on wire transfers of less than $300 |
| Swap-free account available |
Conclusion
HYCM charges a $10 monthly inactivity fee on accounts that have been dormant for a minimum of 90 days. HYCM’s EURUSD is offered at 1.8, 1.4, and 0.2 pips on Fixed, Classic and Raw accounts.
HYCM Customer Reviews
conclusions are made – top broker
It’s one of those companies I trust. 1+ year of trading with hycm has passed and I made my conclusions. Top broker, no doubt
No complaints
Quoting the website “The HYCM Group is a global corporation with a diversified portfolio of businesses spanning Asia, Europe and the Middle East.”. You can definately rely on HYCM. Trustworthy broker!
Nice broker, no complaints
Well,in my opinion, all the brokers have to comply simple rules: be responsive and responsible, be reliable and always develop the service in a better way. However, not all the brokers comply with these rules.
I have plenty of experience in trading and faced such brokers who aren’t reliable at all. Nevertheless, HYCM is different. Fortunately, everything was as I expected. Can be recommended!
You might also like: HYCM Review
You might also like: HYCM Account Types Overview
You might also like: HYCM Demo Account – Step by Step
You might also like: HYCM Islamic Account Overview
You might also like: HYCM Minimum Deposit
You might also like: HYCM Sign up Bonus
Frequently Asked Questions
How many instruments can I trade with IC Markets?
HYCM offers traders with access to the following instruments:
- Forex – almost 70 currency pairs
- Stocks – 10 major companies
- Indices – 28 global indices
- Commodities – 17 including gold and oil
Does HYCM offer leverage?
Yes. Different leverage ratios are offered as follows:
- Forex majors – 1:30.
- Forex minors and exotics, metals, indices (US cash and futures) – 1:20.
- Indices (other cash and futures), commodities (Natgas, soft and oil) – 1:10.
- Stocks – 1:5.
What spreads can I expect with HYCM?
The spreads offered by HYCM will vary depending on the selected account type. The EURUSD is offered at 1.8, 1.4, and 0.2 pips on Fixed, Classic and Raw accounts.
Does HYCM charge commission?
Yes. Raw Accounts have a $4 commission per round on forex trades and some commodities.
Is HYCM regulated?
Yes. HYCM is regulated as follows:
- Henyep Capital Markets (UK) Limited, regulated by the Financial Conduct Authority (FCA).
- HYCM (Europe) Ltd, authorised by the Cyprus Securities and Exchange Commission (CySEC).
- Henyep Capital Markets (DIFC) Limited, authorised by the Dubai Financial Services Authority (DFSA).
- HYCM Ltd, regulated under the Cayman Islands Monetary Authority (CIMA).
Is HYCM a recommended forex trading broker for experts and beginners?
Yes. HYCM provides an excellent trading environment for beginner and advanced traders.
What is the overall rating out of 10 for IC Markets?
8/10.
Top 4 Brokers
