Editorial only. Trading CFDs is high-risk — most retail accounts lose money. We are not a broker and not a financial adviser. Capital at risk. Verify regulation and terms directly with each broker before opening an account.
HYCM Review 2026
Regulated by
- FCA
- DFSA
HYCM offers MetaTrader 4 and MetaTrader 5 on three account types — Fixed, Classic and Raw — each from a US$20 minimum deposit. The group has FCA- and DFSA-regulated entities, but hycm.com is operated by a Costa Rica company with no licence named, and there is no EU entity, so our HYCM link is not offered in the EEA or Norway.
Researched and drafted with AI assistance from published sources; edited and published by NorwegianSpark SA.
Pros
- MetaTrader 4 and MetaTrader 5 on all three account types (Fixed, Classic, Raw); Expert Advisors allowed on Classic and Raw
- US$20 minimum deposit on every account type, on both hycm.com and hycm.co.uk
- Raw account advertises spreads from 0.1 pips with a published commission: $4 "per round" on FX
- Group entities regulated by the FCA (HYCM Capital Markets (UK) Limited, FRN 186171) and the DFSA (HYCM Capital Markets (DIFC) Limited, F000048)
- Negative balance protection listed on its account pages
Cons
- hycm.com is operated by HYCM Capital Markets S.R.L., registered in Costa Rica, for which HYCM names no licence — it is not the FCA or DFSA entity
- No EU-regulated entity, so our HYCM link is not offered to readers in the EEA, Norway included
- Forex leverage up to 1:500 at hycm.com, against 1:30 at the FCA-regulated UK entity; treat high leverage as a risk, not a benefit
- EUR/USD typical spread, FX-pair count and founding year are not published on the pages we read; its spreads are "from" figures
- Not offered to residents of the United States, Afghanistan, Belgium, Hong Kong, Japan and other excluded countries
Broker Specifications
Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. Published by HYCM.
Entities (as listed by HYCM, read 12 November 2026): HYCM Capital Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 186171, and operates hycm.co.uk. HYCM Capital Markets (DIFC) Limited is authorised and regulated by the Dubai Financial Services Authority, licence F000048. hycm.com is operated by HYCM Capital Markets S.R.L., registered in Costa Rica (3-102-883933), for which HYCM names no regulator. The 71% figure is published by the FCA-regulated UK entity; hycm.com's own warning carries no percentage: "Trading CFDs carries a high degree of risk. It is possible to lose all your capital."
Other Top Brokers
Pepperstone
Pepperstone is an ECN broker regulated by the FCA and ASIC among seven authorities. It advertises raw spreads from 0.0 pips on its Razor account and runs a no-dealing-desk execution model, which is why it is widely used by active and algorithmic traders.
IC Markets
IC Markets describes itself as one of the largest Forex CFD providers in the world by trading volume. Ideal for high-frequency traders who need raw spreads and deep liquidity.
IG Group
IG describes itself as the world's No.1 CFD provider (based on revenue, per its published financial statements, August 2024), and IG Group is a FTSE 250 constituent. With 50 years of history and regulation across 8 jurisdictions, it's our pick for trust and research quality.
This is not financial advice. Past performance is not indicative of future results.
