HYCM has a minimum deposit of $100/R1 600. The accepted deposit currencies will depend on your selected payment method. In total, the broker accepts USD, EUR, GBP, RUB, AED, and CAD.
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 Deposit below.
HYCM Minimum deposit – 7 key points quick overview:
HYCM Minimum Deposit- HYCM Deposit fees and deposit methods
- Step by step guide to deposit the minimum amount
- HYCM Pros and Cons
- Conclusion
- HYCM Customer Reviews
- Frequently Asked Questions
Here is our overview of the HYCM Minimum deposit as well as the pros and cons as well as features that are offered to traders.
HYCM Minimum Deposit
The minimum deposit amount required to open a broker account with HYCM is $100. This is a standard minimum deposit requirement when compared to most other brokers in the industry and should present a low barrier of entry to most new traders.
HYCM Deposit fees and deposit methods
HYCM offers a variety of popular deposit methods. Traders can make a deposit via debit/credit card (Visa or Mastercard), Skrill, Neteller, Webmoney, China Union Pay, Interac or wire transfer, depending on their region.
For Visa or Mastercard deposits, the broker will require a copy of the front of the credit used to fund your account. The broker also accepts virtual cards and will require the number of the card, the expiry date and proof confirming that you are the owner of the card.
HYCM prides itself in its efficient fund withdrawal policies. These procedures can be completed online and are designed with the trader’s security in mind. Your funds will be transferred back to the original source that you used to fund your account.
Funds can be withdrawn via wire transfer only and will be transferred to your bank account which should be in the same name as the account maintained on record with HYCM.
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.
The accepted deposit currencies will depend on your selected payment method. In total, the broker accepts USD, EUR, GBP, RUB, AED, and CAD. Traders depositing in smaller currencies, like ZAR/Rand, will incur conversion fees.
Step by step guide to deposit the minimum amount
To deposit funds into your account, you will need to take the following steps:
Step 1 – Log into your account
Log into the accounts area on the broker’s website.
Step 2 – Select the option to Deposit
Select the option to deposit funds on your dashboard.
Step 3 – Select a deposit method
Select your preferred deposit method, whether by wire transfer, credit card or debit card
Step 4 – Confirm your deposit amount
Confirm the amount you want to deposit into your account.
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 | Withdrawal fees on wire transfers below a certain amount |
| High deposit security | |
| No deposit fees |
Conclusion
HYCM has a minimum deposit of $100/R1 600. The accepted deposit currencies will depend on your selected payment method. In total, the broker accepts USD, EUR, GBP, RUB, AED, and CAD.
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!
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Frequently Asked Questions
What is the minimum deposit for HYCM?
The minimum deposit amount required to open a broker account with HYCM is $100. This is a standard minimum deposit requirement when compared to most other brokers in the industry and should present a low barrier of entry to most new traders.
How do I make a deposit and withdrawal with HYCM?
Traders can make a deposit via debit/credit card (Visa or Mastercard), Skrill, Neteller, Webmoney, China Union Pay, Interac or wire transfer, depending on their region.
Does HYCM charge withdrawal fees?
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.
How long does it take to make a withdrawal?
To ensure the security of your funds and to be sure that all funds are returned safely there are many security checks that need to be completed before processing a withdrawal.
Although HYCM processes your withdrawal request within 1 business day, withdrawals can take 3 to 7 days to reach your account depending on your bank or credit card company.
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