Claire Maumo wears multiple hats. She is a leading crypto and blockchain analyst, a market dynamics expert, and a seasoned financial planner. Her blend provides a unique combination that she leverages to offer expert analysis of economic and market dynamics. Her pieces deliver a holistic approach to the game, building your confidence and securing your financial future. Follow her for a comprehensive approach to mastering your trading journey.
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Many UK traders ask whether HYCM is still a name worth considering in 2026. Well, the broker is highly secure and has a long-standing reputation in the financial space, proof that it is safe to trade with.
This HYCM review answers that question by walking through the broker’s platforms, its regulatory standing, and what it costs to trade with.
In This Guide
Why HYCM?
Traders exploring HYCM will find a broker built around choice. After conducting multiple tests, I discovered three account types, including Fixed, Classic, and Raw, each with its own unique features and fees. You get to decide whether you want to pay through the spread or through a separate commission.
The product range covers forex, indices, commodities, shares, and cryptocurrency CFDs, spanning more than 300 instruments in total. For traders looking to take full ownership of company shares, HYCM lists 1,000+ popular stocks to invest in commission-free.
Platform access includes MT4, MT5, and the broker’s own HYCM Trader app, giving traders a consistent experience whether at a desk or on the move. Extras like Trading Central research and the Seasonax tool give this HYCM broker review something worth noting, since research support isn’t guaranteed at every broker in this price range.
One caveat worth flagging is its restrictions across multiple countries. HYCM stopped serving clients based in the EU after giving up its Cyprus licence in 2024. Its CFD product range of 300 is also limited compared to its peers.
Security & Regulations
Safety is usually the first question people ask when reading HYCM reviews, and rightly so. HYCM operates through Henyep Capital Markets (UK) Limited, authorised and regulated by the Financial Conduct Authority (FCA) under reference number 186171.
The firm also holds licences with the Dubai Financial Services Authority (DFSA) and the Cayman Islands Monetary Authority (CIMA). These give it oversight across three separate jurisdictions.
Being FCA regulated means client money is kept in segregated accounts, apart from HYCM’s own operating funds. Negative balance protection is standard on retail accounts. Should the firm ever become insolvent, the Financial Services Compensation Scheme (FSCS) would cover eligible UK clients for up to £85,000 each. There is no public record of major enforcement action or fines against the UK entity, which supports its reputation as a stable, long-standing broker.
Fees and Commissions
Trading costs at HYCM depend entirely on the account you pick. Fixed and Classic accounts fold the cost into the spread, while Raw traders pay a smaller spread plus a flat commission per round turn. Here is the breakdown:
| Account | Spreads From | Commission | Minimum Deposit |
|---|---|---|---|
| Fixed | 1.5 pips | None | £20 |
| Classic | 1.2 pips | None | £20 |
| Raw | 0.1 pips | Up to $5 per round turn | £20 |
| Broker Feature | Details |
|---|---|
| Commissions/Spreads | From 0.1 pips on the Raw account, plus a commission of up to £5 per round. Fixed account spreads start from 1.5 pips and 1.2 pips for the Classic account. |
| Deposits/Withdrawals | Free |
| Inactivity Fee | £10 monthly after 90 days |
Deposits and withdrawals carry no charge from HYCM directly, though a $10 monthly fee kicks in after 90 days without any account activity. The broker also has a demo account to test its performance and practice strategies before committing real money.
Assets Available
Here’s an overview of available assets for UK traders:
- Stocks CFD: 10
- Forex: 40+
- Indices: 15+
- Commodities: 12
Final Thoughts
Strip away the marketing and HYCM comes down to three things: a broker built on choice, a tier-one regulator behind it, and pricing that scales with how often you trade. It won’t work for everyone, so ensure you confirm that its features align with your requirements. For beginners, utilise a demo account and start with a small capital as you gain confidence.
Invezty Rating:
✔3 account types abailable
✔FCA regulated broker
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Risk Warning
68% of retail investor accounts lose money when trading CFDs with this provider.
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4
Customer Support
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4
Commissions & Fees
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4
Platforms & Tools
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4
Educational Resources