HYCM Review (2026)
Follow research updates for HYCM →Fixed, Classic and Raw accounts; the legal company matters before the price.
Licences: FCA, DFSA, CMA (UAE) — the exact entity (and protection) depends on your country. See licence evidence ↓
The 60-second verdict
HYCM scores 64/100 on our method. Traders comparing published Fixed, Classic and Raw pricing who will check the exact account and legal company first.
Who HYCM may suit
Traders comparing published Fixed, Classic and Raw pricing who will check the exact account and legal company first.
Not ideal for
Anyone relying on a group licence badge without checking their contract, or seeking unleveraged asset ownership through these CFD accounts.
Score breakdown
Affiliate commission is weighted 0% and never affects this score.
Regulation & legal entities
The FCA register confirms HYCM Capital Markets (UK) Limited (186171). The DFSA register lists HYCM Limited (F000048) for arranging deals, including with retail clients; it is not listed there as the trading counterparty. HYCM Financial Services L.L.C.'s CMA claim (20200000473) awaits a complete register read and concerns arrangement/advice. The international customer agreement is with HYCM Capital Markets S.R.L. in Costa Rica. Its company registration is not a brokerage licence, and we have not verified a brokerage authorisation for that company.
| Regulators | FCA — United Kingdom, licence 186171 (Tier 1)Verified on registerchecked 2026-09-30 DFSA — Dubai (DIFC), licence F000048 (Tier 2)Verified on registerchecked 2026-09-30 CMA (UAE) — United Arab Emirates, licence 20200000473 (Tier 2)Pending — verifychecked 2026-09-30 |
| Segregated client fundsSegregated fundsClient money held in bank accounts kept separate from the broker's own funds, so it isn't used to run the business and is easier to return if the firm fails. | HYCM says capital not allocated to margin is segregated from operating funds. Check the exact entity's client-money terms. |
| Accepts clients from | Availability depends on residence, nationality and the contracting company. Broker and affiliate country exclusions apply separately. The UK referral remains under review because of HYCM's conditions on educational content. The international contract names a Costa Rica company; an available link does not establish EU regulatory coverage or account eligibility. |
| Compensation scheme | Entity-specific; no compensation scheme verified for the Costa Rica operator |
| Negative-balance protectionNegative-balance protectionA safeguard that stops your account going below zero, so you can't end up owing the broker more than you deposited. Mandatory for retail clients in some regions. | The international contract includes negative-balance protection and permits offsets across your accounts; this is not UK/EU regulatory coverage. |
Source: our licence-evidence log — status shown per licenceConfirm licence numbers on the official register before depositing.
Is HYCM regulated? Full register check, entity by entity →
| HYCM CAPITAL MARKETS (UK) LIMITED | FCA 186171 | Verified on register | 2026-09-30 |
| HYCM Limited | DFSA F000048 | Verified on register | 2026-09-30 |
| HYCM Financial Services L.L.C. | CMA (UAE) 20200000473 | Pending — verify | 2026-09-30 |
Which HYCM entity would onboard you?
The brand is not the counterparty — the legal entity on your client agreement sets your regulator, protections and terms. These are the entities we track for this broker.
| Legal entity | Regulator | Typically onboards | Protection notes |
|---|---|---|---|
| HYCM Capital Markets (UK) Limited United Kingdom | FCA (Tier 1) Read 2026-09-30: Authorised, FRN 186171; dealing permissions include retail clients and forex/CFDs. Permission does not establish current account availability. Confirm the agreement names this UK company; Clarytrade has no confirmed UK-specific referral link. | GB | Check UK FSCS eligibility for your client category and claim; it does not cover trading losses or accounts with other HYCM companies |
| HYCM Limited Dubai (DIFC) | DFSA (Tier 2) F000048 read first-hand 2026-09-30. The retail endorsement permits the listed arranging service; it does not make this company the trading counterparty. The register's current name is HYCM Limited. | Arranging deals, including with retail clients; the register does not list dealing as principal or agent, so this is not treated as the trading account provider | Not applicable — no retail trading account |
| HYCM Financial Services L.L.C. United Arab Emirates | CMA (UAE) (Tier 2) Claimed licence 20200000473 remains pending as of 2026-09-30. The CMA search suggested the company name, but its full record and licence number did not load. | Broker-disclosed Category 5 arrangement/advice only; it cannot hold client assets or money and is not treated as the trading account provider | Not applicable — no retail trading account |
| HYCM Capital Markets S.R.L. Costa Rica | Brokerage authorisation not verified (Tier 3) International contract read 2026-09-30 (version 1 August 2025). Corporate registration 3-102-883933 is not a brokerage licence. Country-to-entity onboarding is unconfirmed; verify the named company on your own agreement. The site's EEA notice says this operator is outside the EU regulatory framework. | Country mapping unconfirmed — check your agreement | No compensation scheme verified for this entity |
See which entity likely applies to your country with the entity checker — and always confirm the entity named on your client agreement at signup.
Fees & spreads
| Advertised starting spreadSpreadThe gap between the buy (ask) and sell (bid) price. It's a core trading cost — tighter spreads are cheaper for you. | from 0.1 pips |
| CommissionCommissionA flat per-trade fee, common on raw/ECN accounts that show tighter spreads. Always compare spread + commission together as the all-in cost. | $4 per lot |
| Minimum deposit | $20 |
| Inactivity fee | $10/month after 90 days without activity (international contract) |
| All-in cost index | $$··· (2/5) |
International Raw account: advertised spreads from 0.1 pips plus $4 per round for FX. These are published starting terms, not typical or measured EUR/USD costs. Metals have a different commission; financing and other charges are additional.
Our full read
Start with the company on your agreement
HYCM has separate legal companies with different roles. On 30 September 2026 we manually read the FCA record for HYCM Capital Markets (UK) Limited: FRN 186171, Authorised, with retail forex/CFD dealing permissions. That does not extend those permissions to every account bearing the HYCM name.
The DFSA entry names HYCM Limited, F000048. Its listed service is arranging deals, with a retail-client endorsement. We therefore show its role separately from a trading counterparty.
HYCM also discloses a Category 5 CMA licence for HYCM Financial Services L.L.C., number 20200000473. Our manual search returned the company name, but the detail did not load. That row remains pending verification.
The international contract is different
The international customer agreement, version 1 August 2025, names HYCM Capital Markets S.R.L. in Costa Rica. The company registration number is not a brokerage licence. We have not independently verified a brokerage authorisation for this operator.
The contract includes negative-balance terms, but these should not be confused with UK or EU regulatory coverage. The exact company, account terms and country eligibility need checking before funding.
Three pricing structures
The international account table, read 30 September 2026, lists a $20 minimum deposit for Fixed, Classic and Raw accounts. Fixed starts at 1.5 pips and Classic at 1.2, with no separate commission. Raw starts at 0.1 pips, with $4 per round for FX and $5 for metals. These are advertised starting prices, not our measured spreads. Financing and other charges are additional.
MT4 and MT5 are listed. Expert advisers are allowed on Classic and Raw, but the Fixed table says no. Confirm the same combination is available under your agreement.
Costs after opening
The international agreement's section 11.4 sets a $10 monthly inactivity charge after 90 days without activity. HYCM's withdrawal explanation says requests are processed within one business day, with receipt potentially taking three to seven days. These are broker statements; we have not made a test withdrawal.
How we assessed it
Our score applies the published Clarytrade weighting to a document review. The platform and pricing assessments reflect disclosed features and charges. The regulation assessment gives weight to the international contract's separate status; the support and reputation assessments reflect limited independently assessed evidence. We have not measured execution, support response times or withdrawal performance. Affiliate commission has no weighting.
Clarytrade has an HY Affiliates relationship. Its rate is not yet confirmed. Our international referral is withheld for UK/EEA visitors and excluded markets; that restriction should not be read as a statement that the UK company cannot serve UK clients.
Pros
- Published Fixed, Classic and Raw pricing makes account structures comparable
- MT4 and MT5; expert advisers are listed for Classic and Raw accounts
- UK and DIFC regulatory records independently read, with their different scopes disclosed
Cons
- The international Costa Rica contract does not inherit the UK entity's FCA authorisation
- Inactivity fees and financing add to the headline spread and commission
- CMA licence detail remains pending; withdrawal speeds are broker estimates, not our measurements
Products & markets
This profile compares forex/CFD accounts. Stock and crypto CFDs do not confer ownership of shares or coins; separate products and regional terms can differ.
Products shown are offered as CFDs unless otherwise stated. Crypto CFDs do not provide ownership of the underlying cryptoasset. Product availability varies by region.
Complaints & track record
This is a document-based review. We have not tested deposits, execution, support response times or withdrawals, and have not established a representative complaint-resolution record. The score is editorial and does not measure the probability of loss or account acceptance.
HYCM — common questions
Is HYCM regulated?
The FCA register confirms HYCM Capital Markets (UK) Limited (186171). The DFSA register lists HYCM Limited (F000048) for arranging deals, including with retail clients; it is not listed there as the trading counterparty. HYCM Financial Services L.L.C.'s CMA claim (20200000473) awaits a complete register read and concerns arrangement/advice. The international customer agreement is with HYCM Capital Markets S.R.L. in Costa Rica. Its company registration is not a brokerage licence, and we have not verified a brokerage authorisation for that company.
What is the minimum deposit at HYCM?
HYCM minimum deposit is $20. Deposit methods include Bank transfer, Visa, Crypto (where available). Available payment methods may vary depending on your jurisdiction, and depending on the payment method, third-party or bank charges may apply.
How long do withdrawals take at HYCM?
Typical withdrawal time is 3–7 days to arrive (broker-stated). Actual speed depends on your payment method and identity verification.
Is HYCM good for beginners?
HYCM is better suited to traders with some experience (beginner score 55/100). Beginners may prefer a simpler, lower-risk platform.
How does Clarytrade make money from this review?
If you open an account through our link, HYCM pays us a commission at no extra cost to you. It does not affect our score — commission is weighted 0% in our method.
This is a research-based review. We use published broker information, regulatory registers, pricing disclosures and platform documentation, scored against our published 8-criteria method— we don't claim live account testing unless stated. Figures are indicative; verify current terms with HYCM before depositing. We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
Compare HYCM with similar platforms
Copy trading is not intended for EU/UK/AU-based audiences
Costs and charges may vary depending on the jurisdiction
