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HYCM accounts: which entity holds your money

The account you open decides which legal entity and which regulator stand behind it. Here are HYCM's accounts with that in mind.

Regulation: FCA (186171); DFSA (F000048). How HYCM is regulated

Facts last checked . Read the full HYCM review.

Accounts

Minimum deposit
$20
Account types
Fixed, Classic, Raw, Islamic/Swap-Free, Professional, Demo
Account currencies
EUR, USD, GBP, AED, JPY
Islamic account
Yes
Demo account
Yes
Professional account
Yes
Minimum trade size
0.01 lots
Time to open
Typically a few minutes

What this means

HYCM runs 6 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: EUR, USD, GBP, AED, JPY. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about HYCM accounts

Which base currencies does HYCM support?

HYCM accounts can be held in EUR, USD, GBP, AED, JPY. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.

What is the minimum deposit at HYCM?

The minimum deposit at HYCM is $20. It can differ by account type and by the entity you register with.

What account types does HYCM offer?

HYCM offers 6 account types: Fixed, Classic, Raw, Islamic/Swap-Free, Professional, Demo.

Accounts at brokers under the same regulator

More about HYCM