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Getting your money out of HYCM

If a broker ever fails, the questions are how your money was held and how fast it could come back. This is how HYCM handles withdrawals today.

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

Facts last checked . Read the full HYCM review.

Deposits and withdrawals

Deposit methods
Visa, Mastercard, bank transfer, Skrill, Neteller and regional payment methods
Withdrawal methods
Bank transfer, Visa/Mastercard, Skrill, Neteller and supported original funding methods
Deposit time
Instant for most cards/e-wallets; bank transfers typically 1-7 business days
Withdrawal time
Typically processed within 1 business day; receipt depends on payment method
Minimum withdrawal
$20
Local payment methods
Multiple jurisdiction-specific online banking and regional payment methods

What this means

Withdrawals are stated at Typically processed within 1 business day; receipt depends on payment method, against Instant for most cards/e-wallets; bank transfers typically 1-7 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, visa/mastercard, skrill, neteller and supported original funding methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $20 - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Questions about HYCM deposits and withdrawals

How do you withdraw from HYCM?

Withdrawals from HYCM are made by bank transfer, Visa/Mastercard, Skrill, Neteller and supported original funding methods. Most brokers return money by the method it arrived by, so the deposit method decides the withdrawal method.

How long does a HYCM withdrawal take?

HYCM records withdrawal times of typically processed within 1 business day; receipt depends on payment method. The broker's processing time and the bank's or card issuer's time are separate, and the published figure is usually the broker's.

Is there a minimum withdrawal at HYCM?

The minimum withdrawal at HYCM is $20.

Deposits and withdrawals at brokers under the same regulator

More about HYCM