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 Fees and spreads – key points, quick overview:
- ☑️Overview
- ☑️HYCM Fees, Spreads, Commissions
- ☑️HYCM at a Glance
- ☑️HYCM Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- It was established in 1998 as part of the Henyep Group, founded in 1977.
- Multi-regulated by the FCA (UK), DFSA (UAE), and CySEC, ensuring strong oversight.
- Expanded its services to over 140 countries with multilingual support in 12 languages.
- Opened offices in London, Dubai, and Cyprus to serve its global clientele better.
- The 2024 leadership transition brought Stavros Lambouris and Roger Bach as new owners, focusing on innovation and service improvements.
HYCM Fees, Spreads, Commissions
- HYCM’s fee structure accommodates all trading styles by offering transparency and cost-effectiveness across account types.
- Fees include spreads, commissions, swap charges, and inactivity fees, which vary depending on the account type and instrument being traded.
- South Africans must also consider the implications of currency conversion costs, as the broker does not support ZAR as a base currency.
| 💰 Fee Type |  |
| ⏳ Inactivity Fee | $10/month after 90 days of inactivity. |
| 📈 Fixed Spreads | Fixed Account: 1.5 pips (Predictable costs). |
| 📉 Variable Spreads | Classic Account: From 1.2 pips (Market fluctuations apply). |
| ⚡ Raw Spreads | Raw Account: From 0.1 pips (Lowest spreads, best for scalping). |
| 💵 Commissions | Raw Account: $4 per round lot (Low spread, commission-based). |
| 🚫 No Commission | Fixed & Classic Accounts: No commission, but higher spreads. |
Spreads
- The Fixed account features predictable spreads starting from 1.5, while the Classic account provides variable spreads from 1.2.
- The Raw account is for high-frequency traders, with spreads from 0.1 pips alongside a $4 commission per round lot.
- Tight spreads on the Raw account will benefit traders with large volumes or volatile currency pairs like USD/ZAR.
Commissions
- Commissions apply exclusively to the Raw account, where the $4 fee per round lot complements the account’s minimal spreads.
- Fixed and Classic accounts do not incur commission fees, but balance this with slightly higher spreads.
Swap Fees
- Swap fees are charged on overnight positions, with rates determined by the instrument and market conditions.
- Islamic accounts eliminate interest-based swaps, replacing them with fixed administrative fees after a 14-day grace period.
Inactivity Fees
- Inactivity fees of $10 per month apply after 90 days of no trading activity.
- While standard among brokers, this fee emphasizes the importance of maintaining an active account.
Currency Conversion Fees
- Currency conversion costs due to the lack of ZAR as a base currency can increase trading expenses.
- Evaluating cost-effective payment methods like e-wallets with lower conversion rates is a practical strategy.
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| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
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| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $0 | Visit Now |
| 5 |  | Read Review | FSA, FSCA | $250 | Visit Now |
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | Visit Now |
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| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 | Visit Now |
| 9 |  | Read Review | CySEC, MWALI, FSCA | $25 | Visit Now |
| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 | Visit Now |
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 |
HYCM Customer Reviews
- HXCM users tend to provide positive feedback on the broker's platforms as well as their reliability, competitive markets, and robust platform choices, including MetaTrader 4 and MetaTrader 5.
- Traders endorse this broker for providing quick procurements along with minimal trading spreads while supporting numerous investment tools to match different trading plans.
- Users consistently acknowledge HYCM's helpful educational content, consisting of webinars alongside tutorials with relevant market analysis reports that suit new traders.
- Reviews highlight some areas requiring improvement because withdrawal processing delays happen occasionally, along with a lack of sufficient promotional offers.
- Traders worldwide depend on HYCM because of its solid user evaluation score and robust Trustpilot presence.
| Aspect | Details |
| ⭐ Overall Rating | ⭐⭐⭐⭐ (4/5) |
| 💬 Positive Feedback | Reliable platforms, tight spreads, fast execution, and educational resources. |
| 📉 Negative Feedback | Occasional withdrawal delays and limited promotions. |
| 🏆 Trustpilot Rating | 🌟🌟🌟🌟 (Highly Rated) |
| 🌍 Global Trust | Trusted by traders worldwide for its long-standing reputation. |
| 🧑🤝🧑 Beginner-Friendly | Yes, with educational tools and intuitive platforms. |
| 📞 Customer Support | Highly rated for responsiveness and multilingual assistance. |
| 😟 Common Complaints | Withdrawal processing time and scope for promotional offers. |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Mixed reviews highlighting both positive experiences with platform features and concerns about spreads. | ⭐⭐⭐☆☆ 3.5/5 |
 | Diverse opinions with some users praising customer service and others pointing out withdrawal issues. | ⭐⭐⭐☆☆ 3/5 |
 | Limited reviews available, generally positive about the platform's usability. | ⭐⭐⭐⭐☆ 4/5 |
 | Varied feedback with mentions of both satisfaction and areas needing improvement. | ⭐⭐⭐☆☆ 3.8/5 |
 | Few reviews, with some users expressing concerns about communication delays. | ⭐⭐☆☆☆ 2.5/5 |
 | Generally positive reviews focusing on platform reliability and customer support. | ⭐⭐⭐⭐☆ 4.2/5 |
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.
You might also like:
HYCM ReviewHYCM Account Types OverviewHYCM Demo Account – Step by StepHYCM Islamic Account OverviewHYCM Minimum Deposit HYCM Sign up Bonus
Frequently Asked Questions
What spreads does HYCM offer on forex trading?
HYCM offers competitive spreads depending on account type. Raw accounts provide spreads from as low as 0.2 pips, while Classic accounts start around 1.2 pips. Spreads vary with market conditions, liquidity, and the specific currency pair being traded.
Does HYCM charge commissions on trades?
HYCM charges commissions only on Raw accounts, typically around $4 per lot traded. Other account types, like Classic and Fixed accounts, are commission-free, with trading costs built into the spread instead, making pricing simpler for beginner traders.
Are HYCM spreads fixed or variable?
HYCM offers both fixed and variable spreads depending on the account. Fixed accounts maintain constant spreads, while Classic and Raw accounts use variable spreads that fluctuate based on market volatility and liquidity conditions during trading sessions.
Are HYCM trading fees considered low or high?
HYCM is generally considered a low-cost broker, especially on its Raw account, where spreads are tight. However, commission-free accounts may have wider spreads, meaning overall costs can be higher depending on your trading style and frequency.
Does HYCM charge deposit or withdrawal fees?
HYCM usually does not charge deposit or withdrawal fees, but exceptions exist. Bank withdrawals under $300 may incur a fee, and certain e-wallet transactions can include small processing charges depending on the amount and method used.
Are there any hidden fees with HYCM?
HYCM is transparent with its pricing, but traders should be aware of possible inactivity fees, swap (overnight) charges, and currency conversion costs. These are standard in forex trading but can impact long-term profitability if not properly managed.
What is the cost difference between Raw and Classic accounts?
Raw accounts offer very tight spreads but include a commission per trade, making them ideal for high-volume traders. Classic accounts have no commission but wider spreads, which may be simpler but slightly more expensive over frequent trades.
Does HYCM charge inactivity fees?
Yes, HYCM applies an inactivity fee if your account remains dormant for a certain period, typically after 90 days. This fee is relatively standard among brokers, but it can reduce your balance if you are not actively trading.
How do HYCM spreads compare to other brokers?
HYCM’s Raw spreads are highly competitive and comparable to top ECN brokers. However, its commission-free accounts tend to have slightly wider spreads than industry leaders, making it important to choose the right account for your strategy.
Are HYCM fees suitable for beginners?
HYCM can be suitable for beginners due to its commission-free accounts and simple pricing structure. However, beginners should still understand spreads, commissions, and overnight fees to avoid unexpected costs and manage their trading effectively.
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