Basic Information & Regulation
HYCM (UK) based in London, UK, to provide investors with trading services in energy, metals, agricultural commodities, and indices. The broker currently holds a full license from the UK Financial Conduct Authority, an STP license from the Cyprus Securities and Investments Commission, and a general financial license from the Cayman Islands Monetary Authority.
Market Instruments
HYCM (UK)'s equity products are traded as CFDs. The main index products are A50, Dow Jones, Global Stock Index, Hang Seng Index, CSI 300 Index.
Leverage & Account
Whether a beginner or a professional investor with years of trading experience, users can find a trading account type that meets their needs at the company. The company has set up four different types of accounts: Fixed Micro, Fixed Standard, Floating Pro, and Floating VIP accounts. The default leverage of the accounts is 1:200.
Spreads & Commissions
The minimum spread for Fixed Micro account is 2.0 pips EUR/USD, for Fixed Standard account 1.8 pips EUR/USD, for Floating Pro account 1.4 pips, and for Floating Pro account 0.2 pips.
Trading Platform Applied
HYCM offers its users the popular MT4 and MT5 trading platforms, which support both mobile and web versions.
Deposit & Withdrawal
HYCM supports deposit and withdrawal methods by debit card (minimum deposit of USD 700), VISA/MASTERCARD credit card (minimum deposit of USD 700), and bank transfer (minimum deposit of USD 700), all without deposit fees. Debit card withdrawals with a minimum amount of $20 are subject to a $30 processing fee and take 3 to 5 business days to process. Credit card withdrawals are subject to a minimum amount of $20, a $0 or $30 processing fee, and a processing time of 3 to 5 business days. The minimum withdrawal amount is $300 by bank transfer, with a $0 or $30 processing fee and a processing time of 7 to 10 business days.
