When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.
If fees are your top concern, HYCM is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.
I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how HYCM fared:
- HYCM charges low FX fees and low CFD fees.
- There is an inactivity fee if you don't trade for an extended period of time.
- The basic withdrawal fee is $0, but some transactions may cost more.
- Read our full review of HYCM for info on safety, trading platforms and funding.
| Assets | Fee level | Fee terms |
|---|---|---|
| S&P 500 CFD | Low | The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours. |
| Europe 50 CFD | Low | The fees are built into the spread, 1.5 points is the average spread cost during peak trading hours. |
| EURUSD | Low | Classic account: the fees are built into the spread, 1.2 pips is the average spread cost during peak trading hours. |
| Inactivity fee | Average | $10 each month after 90 days of inactivity |
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73-76% of retail CFD accounts lose money
There are different cost structures for the various account types. In this review, we tested the fees of the Classic account.
Low FX fees
|
EURUSD spread
|
1.2 | 0.9 | 0.1 |
|---|---|---|---|
|
GBPUSD spread
|
1.3 | 1.5 | 0.8 |
|
AUDUSD spread
|
1.3 | 1.1 | 0.8 |
|
EURCHF spread
|
1.8 | 2.0 | 1.0 |
|
EURGBP spread
|
1.5 | 1.5 | 0.7 |
Low CFD fees
|
S&P 500 index CFD fee
|
$2.1 | $3.8 | $3.0 |
|---|---|---|---|
|
Euro Stoxx 50 index CFD fee
|
$2.1 | $3.8 | $3.0 |
Average inactivity fee, no withdrawal fee
It's great that no deposit or account fees are charged.
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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
