HYCM
HYCM is a long-standing broker recognized for its regulatory presence and structured trading environment. It offers access to global markets through established platforms designed for stability and controlled execution. The broker emphasizes clear account structures, defined trading conditions, and disciplined risk frameworks. Its approach suits traders who value order, transparency, and consistency over aggressive features. Overall, HYCM positions itself as a reliability-focused broker built for methodical and rule-driven market participation.
For traders based in Dubai and the UAE, HYCM holds particular relevance due to its regulation by the Securities and Commodities Authority (SCA) of the UAE, in addition to oversight from the FCA in the United Kingdom, CySEC in Cyprus, and CIMA in the Cayman Islands. This combination of regional and international regulation provides HYCM with a solid credibility profile within the GCC.
From a product perspective, HYCM operates strictly as a CFD broker. While it provides exposure to markets such as forex, indices, commodities, and stocks, all instruments are traded through derivatives. HYCM does not offer real stocks or ETFs for direct ownership, which is an important consideration for long-term investors.
This distinction is central for YallaStocks readers. HYCM is designed for traders seeking leveraged exposure and short- to medium-term trading strategies, rather than for investors focused on long-term equity accumulation.
HYCM offers three primary account types designed to accommodate different trading preferences. The Fixed account features fixed spreads starting from approximately 1.8 pips, providing cost predictability during volatile market conditions.
The Classic account offers variable spreads starting from around 1.3 pips with no commission, making it suitable for traders who prefer straightforward pricing without additional fees.
For more active traders, the Raw account provides spreads from 0.0 pips combined with a commission of approximately USD 4 per lot. This account type is aimed at traders who prioritize tighter pricing and are comfortable with commission-based cost structures.
The minimum deposit required to open an account with HYCM is USD 20, which keeps the barrier to entry relatively low while still encouraging more disciplined account funding compared to ultra-low minimum brokers.
Leverage availability can reach up to 1:500 depending on the regulatory entity and client classification. While this offers flexibility, it also significantly increases risk exposure. HYCM applies negative balance protection, helping limit downside risk beyond deposited funds.
HYCM does not charge fees for deposits or withdrawals in most cases, although commissions may apply to certain withdrawal methods. Client funds are held in segregated accounts, reinforcing operational security.
Platform availability includes MetaTrader 4 and MetaTrader 5 across desktop, web, and mobile environments, as well as HYCM Next and TradingView integration. This platform range supports both manual and automated trading strategies.
Execution quality at HYCM is generally considered stable and reliable, focusing on consistency rather than ultra-low latency. This aligns with HYCM’s positioning as a well-established, regulation-driven broker.
In summary, HYCM positions itself as a conservative, long-standing CFD broker with strong regional relevance for UAE traders. Its strengths lie in regulatory credibility, multiple account options, and platform support. Its limitations lie in derivative-only exposure and reduced investor protection outside top-tier jurisdictions.
Regulation and Trust
Regulation is one of HYCM’s core strengths. The broker operates under the oversight of the FCA in the United Kingdom, CySEC in Cyprus, CIMA in the Cayman Islands, and the SCA in the UAE.
SCA regulation is particularly important for traders in Dubai and the UAE, as it provides local supervision and alignment with regional regulatory standards. FCA regulation further enhances HYCM’s trust profile at a global level.
GCC Regulators
Top-tier Global
Other / Offshore
We verify claimed licenses against official registers when possible.
However, investor protection levels vary depending on the entity under which the account is opened. Protection is strongest under UK and EU entities, while offshore entities offer higher leverage with lower safeguards.
Overall, HYCM’s regulatory framework supports its reputation as a legitimate and experienced broker, though entity selection remains critical for risk management.
Costs (Spreads & Fees)
HYCM’s cost structure is built around spread-based and commission-based models, depending on the account type selected.
Fixed accounts offer spreads starting from approximately 1.8 pips, providing cost predictability but higher average trading costs.
Values are Dynamic and they are subject to change upon market conditions.
Classic accounts feature variable spreads from around 1.3 pips with no commission, offering a balance between simplicity and cost efficiency.
Raw accounts deliver spreads from 0.0 pips combined with a commission of approximately USD 4 per lot, making them more suitable for active traders.
While HYCM does not generally charge deposit fees, some withdrawal methods may incur commissions, which traders should factor into overall costs.
Platforms and Tools
HYCM offers a focused but well-rounded platform ecosystem aimed at traders who value stability, regulatory compliance, and familiarity over experimental or highly customized trading environments. Its platform selection reflects HYCM’s conservative and execution-oriented approach.
For traders in Dubai and the UAE, platform reliability and regulatory compatibility are particularly relevant, especially when operating under SCA or FCA oversight.
The platforms available at HYCM include:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- HYCM Next trading platform
- TradingView integration
MetaTrader 4 remains widely used among HYCM clients, particularly for forex and CFD trading strategies that rely on expert advisors and custom indicators. Its stability and automation support make it suitable for both discretionary and algorithmic traders.
MetaTrader 5 expands on MT4 by offering additional timeframes, improved order management, and broader asset coverage. Traders who operate across multiple CFD markets may prefer MT5 for its enhanced analytical capabilities.
HYCM Next is the broker’s proprietary platform designed to provide a streamlined trading experience with integrated account management and simplified execution. While it offers ease of use, it is not intended to replace MetaTrader for advanced technical analysis or automated trading.
TradingView integration allows traders to analyze markets using TradingView’s charting tools while executing trades through HYCM’s infrastructure. This enhances analytical flexibility, particularly for traders who rely on advanced charting rather than automation.
Overall, HYCM’s platform offering is well suited for traders who prioritize stability, regulatory alignment, and familiar tools. It is less optimized for ultra-low latency trading or institutional-style execution.
Assets & Markets
HYCM provides access to a range of global markets through CFDs, including forex, indices, commodities, and stocks.
It is important to emphasize that all instruments are offered exclusively through derivatives. HYCM does not provide access to real stocks, ETFs, or direct ownership of underlying assets.
Stocks coverage
- Real stocks Not available
- Stock CFDs 1,117+
- Fractional shares Available
- Short selling Available
| Asset class | Available |
|---|---|
| ETFs | ✓ |
| Forex | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Crypto | ✓ |
| Options | ✗ |
| Bonds | ✗ |
Stock CFDs allow traders to speculate on the price movements of global equities with leverage and short-selling capabilities. While this adds flexibility, it also introduces financing costs and higher risk compared to owning the underlying shares.
Forex remains a core market at HYCM, supported by multiple account types and competitive pricing on Raw accounts. Indices and commodities provide exposure to broader macroeconomic themes.
From a YallaStocks perspective, HYCM’s asset coverage is trading-oriented rather than investment-focused. It is not designed for long-term equity portfolio construction.
Education
HYCM offers a selection of educational materials aimed at supporting beginner and intermediate traders. These resources focus on trading fundamentals, platform usage, and risk management concepts.
Educational content includes articles, guides, and market insights designed to help traders understand CFD trading mechanics and market behavior.
For traders in the GCC, HYCM’s educational offering provides a functional foundation but is not as extensive or structured as that of education-first brokers.
Overall, HYCM’s education resources align with its conservative profile, offering practical guidance rather than in-depth academic or investment-focused material.
Support
Customer support is an important operational component for traders in Dubai and the UAE, especially when dealing with a broker that emphasizes regulatory compliance and long-term operational stability.
Live Chat: HYCM offers live chat support during trading hours, which is suitable for resolving common issues such as account setup, platform access, funding procedures, and basic trading conditions. Response times are generally acceptable, although availability may be limited outside core market hours.
Live chat is effective for procedural questions, but more complex matters such as regulatory clarification or withdrawal-related inquiries are often redirected to email support.
Email Support: Email support is the primary channel for handling detailed or account-specific issues, including verification, withdrawals, complaints, and regulatory questions. Responses are typically structured and informative, though response times can vary depending on the complexity of the request.
Help Center: HYCM maintains a help center covering frequently asked questions related to account management, platforms, and trading conditions. This resource allows traders to resolve many routine issues independently.
Overall, HYCM’s support offering is functional and professional, though it prioritizes operational efficiency over personalized assistance.
Verdict
HYCM is a long-established, regulation-driven CFD broker with strong regional relevance for traders in Dubai and the UAE. Its SCA regulation, combined with FCA oversight, provides a solid foundation of trust.
The broker’s strengths include its long operating history, multiple account types, MetaTrader support, and conservative operational approach. These features make HYCM suitable for traders who value stability and regulatory alignment.
However, HYCM does not offer real stocks or ETFs, and investor protection is more limited outside the UK and EU. Some withdrawal methods may also incur fees.
From a YallaStocks perspective, HYCM is best suited for traders seeking a regulated CFD broker with a conservative profile rather than an investment platform focused on equity ownership.
In summary, HYCM is a reliable option for traders prioritizing regulation and consistency, but it is not designed for long-term investing or high-frequency trading.
Frequently Asked Questions
Is HYCM suitable for traders in Dubai and the UAE?
Yes. HYCM is suitable for traders in Dubai and the UAE due to its SCA regulation and long-standing operational history.
Does HYCM offer real stocks or ETFs?
No. HYCM offers exposure to stocks and ETFs exclusively through CFDs and does not provide real asset ownership.
Is HYCM a good broker for beginners?
HYCM can be suitable for beginners due to its low minimum deposit, though its educational offering is more functional than extensive.
What type of trader benefits most from HYCM?
HYCM is best suited for traders who value regulation, platform stability, and a conservative trading environment.
Disclaimer: This content is for education only and is not investment advice.
