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HYCM -

Score

7.46 /10
Good

HYCM

United Kingdom

Above 20 years

Regulated in United Kingdom

Market Maker (MM)

MT4 Full License

High potential risk

http://henyep.com

Influence

B

Add brokers

Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index8.06

Business Index9.36

Risk Management Index0.00

Software Index9.99

License Index7.92

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
HYCM

Broker Information

More

Company Name

HYCM Limited

Company Abbreviation

HYCM

Platform registered country and region

United Kingdom

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-06-29
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Survey

Danger

HYCM

United Kingdom

WikiFX Verification

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Broker closes accounts without warning

HYCMhas locked my account without deducting all my money. don't pay me. broker is scam

2021-09-12 01:34
Resolved

withdraw problam

this is very bad brokar plz don't us this app my accounts is full verifyd butt not received withdraw bad scame brokar

2020-03-25 05:32
Others

Careful

Never ever join Say got strong signal group End up all stop lost signal Maybe is their way to cheat investor money Join a month lose till 260 usd still got 30 usd charge for withdraw

2020-06-05 11:20
Resolved

Hycm company is a big scammer,

Hycm company is a big scammer, they say they will send my withdrawal within 10 days, they cannot take the risk of a $ 200 investment, they do not send the withdrawal. Can't send 1000 dollars money Customer representative Ahmed asked me to lose the money

2024-05-13 20:13
Unable to Withdraw

unable to withdraw my money

unable to withdraw my money from last year up until now they say I must pay another money before I can get my profit

2021-05-21 23:46
Resolved

Withdrawal problem

The withdrawal has been delayed for 3 weeks. The customer service treated mt in a frivolous way, keeping holding off.

2020-01-03 12:12
Resolved

I requested withdrawal yesterd

I requested withdrawal yesterday and they said within 24 hours it will complete and you fund will be withdraw and today is Friday and they said your withdrawal will be complete in monday the withdrawal process in HYCM broker are so slow and bad .

2024-05-04 02:11
Others

HYCM restricted accounts suddenly, making me lose over $120,000

On the morning of 12.8, 2020, I suddenly discovered that I can only close the position, cannot deposit money, withdraw money, or buy. I didn't know that the account was restricted at first, and settled a little bit. Later, I saw that margin was a bit dangerous and planned to balance it. But I found that I couldn't deposit or buy. Then the position was liquidated. I have discussed with HYCM before 12.22. Hycm said on the 22nd that I would close my account. Now the account cannot be logged in. Don't trust any so-called formal licensed platform companies, they have countless tricks to make you lose money!

2021-01-03 07:48
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-06-29
    HYCM · Company summary
    HYCMReview Summary
    Founded2006-11-20
    Registered Country/RegionUnited Kingdom
    RegulationRegulated
    Market InstrumentsCDFs(on Forex/Commodities/Stocks/Cryptos/Indices)
    Demo Account✅
    LeverageUp to 1:1000
    SpreadFrom 0.1 pips
    Trading PlatformHYCM Trader/MT4/MT5(Web/Windows/Mobile(Android/iOS))
    Min Deposit$20
    Customer SupportPhone: +442088167812
    Email: support@hycm.com
    Email: accounts@hycm.com
    Email: info@hycm.com
    Email: complaints@hycm.com
    Facebook/Twitter/LinkedIn/Instagram/YouTube/Crunchbase/Discord
    Live chat

    HYCM Information

    HYCM is a broker. The tradable instruments include CDFs on forex, commodities, stocks, cryptos, and indices. The broker also provides three accounts with a maximum leverage of 1:1000. The minimum spread is from 0.1 pips and the minimum deposit is $20.

    HYCM Information

    Pros and Cons

    Pros Cons
    MT4/MT5 availableHigh max leverage
    24/5 customer supportNegative comments about difficulty in withdrawal
    Regulated
    Spread from 0.1 pips
    Demo account available
    Various tradable instruments

    Is HYCM Legit?

    HYCM is regulated by FCA with license number 186171, which is much safer than unregulated brokers. The license type is Market Making(MM).

    Is HYCM Legit?
    Is HYCM Legit?

    What Can I Trade on HYCM?

    HYCM offers a wide range of market instruments, including CDFs on forex, commodities, stocks, cryptos, and indices.

    Tradable Instruments Supported
    Forex CDFs✔
    Commodities CDFs✔
    Stocks CDFs✔
    Cryptos CDFs✔
    Indices CDFs✔
    Precious Metals❌
    Shares❌
    ETFs❌
    Bonds❌
    Mutual Funds❌
    What Can I Trade on HYCM?

    Account Type

    HYCM has three account types: fixed, classic, and raw. Traders who want low spreads can choose a raw account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Islamic users are allowed to open Islamic accounts with no swap fees.

    Account Type FixedClassicRaw
    Spreads from1.5 pips1.2 pips0.1 pips
    Min. deposit20 USD20 USD20 USD
    Min. Volume per trade0.010.010.01
    Swap free (Islamic)YesYesYes
    CommissionFreeFreeS0 to $5 per round

    HYCM Fees

    The spread starts at 0.1 pips, the swap is free, and the commission starts at 0. The lower the spread, the faster the liquidity.

    Leverage

    The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

    Trading Platform

    HYCM cooperates with the authoritative MT4 and MT5 trading platform and a propriety trading platform available on the Web, Windows, and Mobile(Android/iOS) to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 provide various trading strategies and implement EA systems.

    Trading PlatformSupported Available Devices Suitable for
    HYCM Trader✔Android/iOS-
    MT4✔Web/Windows/Mobile(Android/iOS)Junior traders
    MT5✔Web/Windows/Mobile(Android/iOS)Experienced traders
    Trading Platform
    Trading Platform
    Trading Platform
    Trading Platform

    Deposit and Withdrawal

    The minimum deposit is $20. HYCM accepts Shutterstock, Visa, Mastercard, Neteller, Skrill, Crypto, AstroPay, WebMoney, PayTrust, Fasapay, Zotapay, and Lipi for deposit and withdrawal. The deposit processing times are up to 1 hour and 1 to 7 working days and associated fees are $0. The withdrawal processing times are up to 24 hours and 1 to 7 working days and associated fees are $0.

    Method (Deposits)Minimum ProcessingFees
    ShutterstockUS $201 to 7 working days$0
    Visa/MastercardUS $20Up to 1 hour$0
    NetellerUS $20Up to 1 hour$0
    SkrillUS $20Up to 1 hour$0
    CryptoUS $20Up to 1 hour$0
    AstroPayUS $20Up to 1 hour$0
    WebMoneyUS $20Up to 1 hour$0
    PayTrustUS $20Up to 1 hour$0
    FasapayUS $20Up to 1 hour$0
    ZotapayUS $20Up to 1 hour$0
    LipiUS $20Up to 1 hour$0
    Method (Withdrawals)Minimum ProcessingFees
    ShutterstockUS $3001 to 4 working days$0
    Visa/MastercardUS $201 to 7 working days$0
    NetellerUS $20Up to 24 hours$0
    SkrillUS $20Up to 24 hours$0
    CryptoUS $20Up to 24 hours$0
    AstroPayUS $20Up to 24 hours$0
    WebMoneyUS $20Up to 24 hours$0
    PayTrustUS $20Up to 24 hours$0
    FasapayUS $20Up to 24 hours$0
    ZotapayUS $20Up to 24 hours$0
    LipiUS $20Up to 24 hours$0

    News

    NewsHYCM Broker Review 2025: A Comprehensive Overview

    Discover HYCM Broker's review for 2025, covering its FCA regulation, trading platforms, account types, and more. Learn why it's a top choice for Forex traders.

    WikiFX
    2025-06-19 13:36
    HYCM Broker Review 2025: A Comprehensive Overview

    ExposureHYCM Flagged by Malaysia’s Securities Commission

    HYCM, a well-known online trading platform, has been added to the Investor Alert List by the Securities Commission Malaysia (SC). According to the SC, HYCM has been carrying out unregulated activities, which means the company is offering trading services in Malaysia without having the proper license to do so within the country.

    WikiFX
    2025-06-11 17:56
    HYCM Flagged by Malaysia’s Securities Commission

    NewsHYCM Reshapes Its Business After £1.4 Million Management Takeover

    HYCM underwent a major leadership and structural shift in 2024 with a £1.4 million management buyout and the sale of its Dubai unit

    WikiFX
    2025-06-03 18:14
    HYCM Reshapes Its Business After £1.4 Million Management Takeover

    NewsWikiFX Review: Is HYCM still reliable in 2024?

    HYCM is an online broker offering a wide variety of market instruments. WikiFX reviewed HYCM a few years ago. However, we wonder if this broker is still reliable in 2024 and the coming 2025. WikiFX has made a comprehension review of this broker to help you better understand the truth.

    WikiFX
    2024-12-31 17:25
    WikiFX Review: Is HYCM still reliable in 2024?
    About More

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    User comment

    15

    Comments

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    sky4936
    more than one year
    我在这家平台注册了三个账号，分别亏损了1400，15000和25000美元。另外此平台还诱导我邀请赠金，还邀请了朋友注册，朋友也同步亏损700美元。 这个平台第一，对于用户的邮件不作回复，对于用户的诉求不作反馈。第二，滑点严重，以2024年6月7日20:30为例，我做空纳斯达克100指数期货，纳斯达克现货市场价最高为19114.63，我这里莫名出现一笔交易成交在19126.28（买入止损），该价格甚至在该平台上也没有出现，随后两分钟内，该指数暴跌至18950以下（我的止盈目标）。一来一去我的盈亏就是3000美元。
    我在这家平台注册了三个账号，分别亏损了1400，15000和25000美元。另外此平台还诱导我邀请赠金，还邀请了朋友注册，朋友也同步亏损700美元。 这个平台第一，对于用户的邮件不作回复，对于用户的诉求不作反馈。第二，滑点严重，以2024年6月7日20:30为例，我做空纳斯达克100指数期货，纳斯达克现货市场价最高为19114.63，我这里莫名出现一笔交易成交在19126.28（买入止损），该价格甚至在该平台上也没有出现，随后两分钟内，该指数暴跌至18950以下（我的止盈目标）。一来一去我的盈亏就是3000美元。
    Translate to English
    2025-03-03 15:53
    Reply
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    Xvette
    more than one year
    Customer service is responsive, but the support team's knowledge can be limited.
    Customer service is responsive, but the support team's knowledge can be limited.
    Translate to English
    2024-08-01 18:18
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    0
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    8