HYCM fees, after the safety questions
Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.
Regulation: FCA (186171); DFSA (F000048). How HYCM is regulated
Facts last checked . Read the full HYCM review.
What it costs to trade
- Spread from
- 0.1 pips
- EUR/USD spread
- Approx. 0.2 pips, Raw
- GBP/USD spread
- Approx. 0.5 pips, Raw
- Commission
- $2 per side / $4 round turn, Raw
- All-in cost, EUR/USD
- Approx. 0.6 pips
- Spread type
- Fixed and variable, account-dependent
- Overnight swap
- Both: overnight swaps may be charged or credited
- Inactivity fee
- $10/month after 90 days inactivity
- Deposit fee
- None internally
- Withdrawal fee
- Generally none internally; payment-provider/bank fees may apply
- Currency conversion
- Currency conversion at applicable exchange rate
What this means
Cost is the last thing to weigh here, and never the thing that should decide it.
A quoted spread from 0.1 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.
Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.
HYCM lists a minimum deposit of $20. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.
Questions about HYCM fees
Does HYCM charge to deposit or withdraw?
Deposit fees at HYCM: None internally. Withdrawal fees: Generally none internally; payment-provider/bank fees may apply.
Does HYCM charge an inactivity fee?
HYCM's inactivity fee is recorded as $10/month after 90 days inactivity.
What does HYCM charge to hold a position overnight?
Overnight financing at HYCM is recorded as both: overnight swaps may be charged or credited.
Fees at brokers under the same regulator
- HF Markets fees also licensed by FCA
- CMC Markets fees also licensed by FCA
- Tickmill fees also licensed by FCA
- IG fees also licensed by FCA
- Plus500 fees also licensed by FCA