HYCM review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
HYCM suits UK and European traders who want forex, CFDs, crypto, ETFs and stocks on one FCA regulated account with no trading commission. Money sits under FSCS up to GBP 85,000, and card deposits are free, so opening an account is a quick job.
Key facts
- Best for
- One commission-free account for forex, CFDs, crypto, ETFs and shares under UK regulation.
- Minimum deposit
- $20↗
- Stock trade fee
- $0↗
- Markets
- Stocks, ETFs, Forex, CFDs, Crypto↗
- Regulators
- Financial Conduct Authority (FCA)↗
- Investor protection
- FSCS up to GBP 85,000↗
- Deposit and withdrawal fees
- $0 card deposits↗
- Platforms
- MT4, MT5, HYCM Trader↗
- Legal entity
- HYCM Capital Markets (UK) Limited↗
- Support channels
- Help-centre↗
- Features
- Mobile app, Crypto
- Pricing model
- Commission-free
- Official website
- hycm.com
Facts checked September 26, 2026, 4 sources
Pros and cons
Pros
- A single account covers stocks, etfs and forex, keeping shares, forex, CFDs and crypto together
- Card deposits are free: $0 card deposits
- Trading runs on MT4, MT5 and HYCM Trader, so MT4 and MT5 users can keep familiar tools
Cons
- Support runs on help centre only
- Leveraged products carry real risk, with a median 70.15% of retail accounts losing money on the site
- Access is through MT4, MT5 and HYCM Trader only, with no other platform named
Who it suits
- UK and European retail traders who want several asset classes in one place: stocks, etfs and forex
- Traders already working in MT4 or MT5, since the platform list is MT4, MT5 and HYCM Trader
- Readers who put regulation first: HYCM is authorised by Financial Conduct Authority (FCA) under licence 186171
Who should look elsewhere
- Anyone wanting a smaller opening deposit should weigh CFI, which lists $0
- Readers who simply want to hold a balance rather than trade may prefer bunq, which opens at €10
- Readers in Mexico who want local oversight may prefer Fiesta Credito MX, regulated by CONDUSEF
Deposit protection
The regulated side of HYCM is authorised by Financial Conduct Authority (FCA), under licence reference 186171. The investor protection on offer is FSCS up to GBP 85,000, so an eligible claim in the UK is capped rather than unlimited. Anyone funding the account from outside the UK should check whether that ceiling applies to their balance first.
The company behind it
The regulated business is HYCM Capital Markets (UK) Limited, authorised on licence 186171. Day to day contact runs through help centre, so self service documentation does much of the work rather than a direct line. That shape suits traders who read platform rules before placing a trade.
How HYCM compares
8.9 vs 9.4
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8.9 vs 9.0
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Where HYCM is available
- Available
- Everywhere except United States
- Licence in United Kingdom
- Financial Conduct Authority (FCA) (186171), checked September 26, 2026
Frequently asked questions
What does it cost to open and trade a HYCM account?+
Trading is charged without commission. HYCM runs a commission free pricing model and a stock trade costs $0, while the account opens from a minimum deposit of $20. The published cost picture is therefore a small entry amount plus no dealing charge on shares.
How much do I need to deposit to get started?+
The minimum deposit is $20, and funding by card is listed as $0 card deposits. That is a modest starting point for a multi market account, though you should read the margin rules for each market before taking a position.
Is HYCM regulated, and is my money protected?+
In the UK it is. The regulated side is authorised by Financial Conduct Authority (FCA) under licence 186171, and the investor protection published is FSCS up to GBP 85,000. The licence reference is the identifier to quote when checking a regulator's register.
What can I trade on HYCM?+
The account covers stocks, etfs and forex, so shares, ETFs, forex, CFDs and crypto sit in one place. A mobile app is also part of the offering, so positions can be checked away from a desk without opening the trading platforms.
Which platforms does HYCM run on?+
Trading runs on MT4, MT5 and HYCM Trader. MT4 and MT5 users can work in the tools they already know, and HYCM Trader covers the rest, with a mobile app listed as a feature for keeping an eye on open positions.
How do I fund the account?+
Deposits by card are listed as $0 card deposits, and the same deposit and withdrawals area covers taking money out. Account guidance sits in the help centre, so read those pages before sending funds.
Who is HYCM built for?+
It is aimed at retail traders who want several markets in one account rather than a single asset class. The range covers stocks, etfs and forex, the pricing model is commission free, and the entry point is a $20 minimum deposit.
What is the risk of the leveraged side of the account?+
Leverage is where losses concentrate. Across the listings on the site, the median share of retail accounts that lose money is 70.15%. On HYCM that applies mainly to the forex, CFDs and crypto side of stocks, etfs and forex, so position sizing matters more than trade frequency.
Sources
- hycm.com/en checked September 26, 2026
Backs: Features, Markets, Support channels
“HYCM Trader Mobile app”
- hycm.com/en/account-types checked September 26, 2026
Backs: Minimum deposit, Pricing model, Platforms, Stock trade fee
“Min. deposit $20 on Fixed Classic account”
- hycm.com/en/deposit-withdrawals checked September 26, 2026
Backs: Deposit and withdrawal fees
“Fees $0”
- hycm.com/en/license-and-regulation checked September 26, 2026
Backs: Investor protection, Legal entity, Regulators, Licences
“HYCM Capital Markets (UK) Limited is authorised and regulated”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Account fee, Inactivity fee, Retail accounts that lose money.
Related by the facts
HYCM
One commission-free account for forex, CFDs, crypto, ETFs and shares under UK regulation.