Compare HYCM with the best brokers
HYCM
HYCM is a globally regulated broker with licensing from first and third-tier authorities, low minimum deposits starting from $20, and a transparent fee structure that includes commission-free and raw spread account options. HYCM is more suited for beginners, although experienced traders are also welcome.
| Evaluation | 6.93 |
| Regulations | |
| Minimum Deposit | $20 |
| Islamic Account | Yes |
| Payment Methods | Bank transfer, Credit card, Electronic Banks |
| Main Branch | London |
| Demo Account | Yes |
| Trading Platforms | MT4, MT5 |
Pros
- Decent regulatory oversight with top-tier authorities like the FCA
- Low minimum deposit of only $20
- Competitive raw account spreads from 0.1 pips
- Multi-platform trading with MT4, MT5, and the HYCM Trader app
- Good research tools providing valuable market insights
- Fractional share trading to nearly 1,000 global stocks
- Mostly no fee deposits and withdrawals
Cons
- CFD-dominant, with no access to real stocks or mutual funds
- Inactivity fee of $10 per month after 90 days
- No 2FA, meaning security is weaker compared to other brokers
- Does not serve EU-based clients or clients from Canada and the USA
- Platforms are limited to MetaTrader platforms and a proprietary app
- Some assets are only available on specific platforms or account types
HYCM
HYCM is a globally regulated broker with licensing from first and third-tier authorities, low minimum deposits starting from $20, and a transparent fee structure that includes commission-free and raw spread account options. HYCM is more suited for beginners, although experienced traders are also welcome.
| Evaluation | 6.93 |
| Regulations | |
| Minimum Deposit | $20 |
| Islamic Account | Yes |
| Payment Methods | Bank transfer, Credit card, Electronic Banks |
| Main Branch | London |
| Demo Account | Yes |
| Trading Platforms | MT4, MT5 |
Pros
- Decent regulatory oversight with top-tier authorities like the FCA
- Low minimum deposit of only $20
- Competitive raw account spreads from 0.1 pips
- Multi-platform trading with MT4, MT5, and the HYCM Trader app
- Good research tools providing valuable market insights
- Fractional share trading to nearly 1,000 global stocks
- Mostly no fee deposits and withdrawals
Cons
- CFD-dominant, with no access to real stocks or mutual funds
- Inactivity fee of $10 per month after 90 days
- No 2FA, meaning security is weaker compared to other brokers
- Does not serve EU-based clients or clients from Canada and the USA
- Platforms are limited to MetaTrader platforms and a proprietary app
- Some assets are only available on specific platforms or account types
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