Forex Brokers

HYCM

HYCM, headquartered in London, England, provides investors with trading services including energy, metals, agricultural products and indices.

HYCM, headquartered in London, England, provides investors with trading services including energy, metals, agricultural products and indices. At present, the company has a full license from the Financial Conduct Authority of the United Kingdom, a pass-through license from the Cyprus Securities and Investments Commission, and a general financial license from the Cayman Islands Monetary Authority.

Main business

HYCM's stock products are traded in the form of CFDs. The main index products are A50 Index, Dow Jones Index, Global Stock Index, Hang Seng Index, CSI 300 Index.

Leverage & Account

Whether you are a beginner in leverage or a professional investor with many years of trading experience, you can find the type of trading account that meets your needs with this company. The company has set up four different accounts: fixed micro account, fixed standard account, floating professional account and VIP account. The default leverage for the account is 1:200.

Spread & Commission Fees

The minimum spread is EUR/USD 2.0 pips for Fixed Micro accounts, 1.8 EUR/USD for Fixed Standard accounts, 1.4 for Floating Professional accounts and 0.2 for Floating Professional accounts.

Trading Platform

HYCM provides users with the popular MT4 and MT5 trading platforms, supporting mobile and web.

Deposits

The deposit and withdrawal methods supported by HYCM include debit card (minimum deposit of USD 700), VISA/MASTERCARD credit card (minimum deposit of USD 700), bank transfer (minimum deposit of USD 700), and no deposit fees are charged. Debit card withdrawals have a minimum amount of $20, a $30 processing fee, and a processing time of 3 to 5 business days. Credit card withdrawals are $20 minimum, are subject to a $0 or $30 processing fee, and take 3 to 5 business days to process. The minimum amount for bank remittance withdrawal is USD 300, a handling fee of USD 0 or USD 30 is required, and the processing time is 7 to 10 working days.

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