HYCM review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
HYCM suits UK and European retail traders who want forex, CFDs, shares, ETFs and crypto on one account. Commission-free pricing with a stock trade fee of $0 and a minimum deposit of $20 keeps charges easy to read, though help runs thinner than at the alternatives.
Key facts
- Best for
- One multi-asset account with commission-free dealing under FCA oversight.
- Minimum deposit
- $20 (Source, checked September 26, 2026)
- Stock trade fee
- $0 (Source, checked September 26, 2026)
- Markets
- Stocks, ETFs, Forex, CFDs, Crypto (Source, checked September 26, 2026)
- Regulators
- Financial Conduct Authority (FCA) (Source, checked September 26, 2026)
- Investor protection
- FSCS up to GBP 85,000 (Source, checked September 26, 2026)
- Deposit and withdrawal fees
- $0 card deposits (Source, checked September 26, 2026)
- Platforms
- MT4, MT5, HYCM Trader (Source, checked September 26, 2026)
- Legal entity
- HYCM Capital Markets (UK) Limited (Source, checked September 26, 2026)
- Support channels
- Help-centre (Source, checked September 26, 2026)
- Features
- Mobile app, Crypto
- Pricing model
- Commission-free
- Official website
- hycm.com
Pros and cons
Pros
- Commission-free dealing with a stock trade fee of $0
- Entry of $20, below the site median of €4.64
- Card deposits at $0 card deposits
- Regulated by the Financial Conduct Authority under licence 186171
Cons
- Support runs on help centre only
- No bonds, funds or futures in the stocks, etfs and forex list
- Entry of $20 sits above the $0 minimum at CFI
Who it suits
- Retail traders in the UK and Europe who want forex and CFDs beside shares and crypto in one account
- Beginners who prefer commission-free dealing to a tiered commission schedule
- Anyone who values a low entry point of $20 and a mobile app
Who should look elsewhere
- eToro, if you need futures as well as the stocks, etfs and forex it lists
- CFI, if you would rather start at $0
- Vantage, whose $5 entry sets a different bar
Fees and costs
HYCM runs a commission-free model, so the stock trade fee on the account types is $0. The minimum deposit to open and fund an account is $20. Funding an account by card is $0 card deposits. Deals sit under the same commission-free setup rather than a tiered commission schedule, so charges do not change by market.
How your money is protected
Client accounts with HYCM Capital Markets (UK) Limited are regulated by the Financial Conduct Authority under licence 186171. Eligible money held with that UK entity is covered by investor protection of FSCS up to GBP 85,000. The cover sits with the UK entity, so confirm which entity your account is opened with before you fund it.
How HYCM compares
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8.9 vs 9.2eToro lists futures on top of stocks, etfs and forex, so it covers more asset classes than HYCM.
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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 buy shares with HYCM?+
HYCM trades commission-free, and the stock trade fee on the account types is $0. Deals are not split into tiers, so the headline dealing charge is easy to read. Costs still show up in the spread and in overnight charges if you hold leveraged positions open.
How much do I need to deposit to open an account?+
The minimum deposit is $20, which sits below the site median of €4.64. On entry size HYCM ranks 118 of 213 brands, so the opening balance is modest. Stock dealing itself adds a stock trade fee of $0.
Is HYCM regulated and is my money protected?+
The UK entity, HYCM Capital Markets (UK) Limited, is regulated by the Financial Conduct Authority under licence 186171. Eligible money held with that entity is covered by investor protection of FSCS up to GBP 85,000. The regulator listed is Financial Conduct Authority (FCA), and the scheme applies to money held in the UK.
Which markets can I trade on HYCM?+
The markets list covers stocks, etfs and forex, so shares, ETFs, forex, CFDs and crypto sit in one account. Bonds, funds, options and futures are not on that list. Mobile app trading and crypto are both listed among the features in mobile app and crypto.
Which platforms can I use?+
Accounts run on MT4, MT5 and HYCM Trader, so you can choose between the MetaTrader platforms and the broker's own platform. The commission-free setup applies across them rather than changing by platform. A mobile app is also listed among the features, which helps when you trade away from a desk.
How do I deposit and withdraw money?+
Funding by card is $0 card deposits, so a card deposit adds no charge. You need $20 in place before you trade. If something goes wrong, the support route listed is help centre, so help runs through a help centre rather than a phone line.
How much do retail traders usually lose?+
Across brokers on the site, retail accounts that lose money run to a median of 70.15%, so most retail accounts here close in the red. Leverage on forex and CFDs makes that the norm rather than the exception. Any deposit is at risk, including money held with the UK entity.
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.