Can you trade forex at HYCM as of September 2024?
Interested in trading foreign currencies? Unsure if a broker offers Forex trading, fair fees, and a good trading platform? Don't worry, I'll answer these important questions to guide you through FX trading at HYCM confidently.
Good news is that forex trading is available at HYCM. I've scrutinized the trading conditions, particularly fees and safety, to offer you insights into what to expect.
Together with my brokerage analyst colleagues, I thoroughly tested the services of HYCM by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know if you want to trade forex with HYCM as of September 2024:
- HYCM forex fees are at the standard market level.
- I consider HYCM a trusted broker as it is overseen by at least one very strict regulator.
- HYCM is primarily a CFD broker.
- Explore the services of HYCM in our HYCM review for 2024.
HYCM forex fees, withdrawal fees and details
Whether you're a seasoned trader or just starting out, having a clear understanding of these fees and details can help you make informed decisions about your trading strategy and broker selection. From spreads to overnight fees, this table aims to give you a complete overview to guide your trading journey.
| 💰 HYCM EURUSD spread | 1.2 |
| 💰 HYCM withdrawal fee charged | $0 |
| 💰 HYCM inactivity fee charged | Yes |
| 💰 HYCM minimum deposit | $20 |
| 📃HYCM ECN account available | No |
| 📃HYCM swap-free/Islamic account available | Yes |
| 💳 Deposit methods | Bank transfer, Credit/debit cards, Skrill, Neteller, PM, AstroPay, WebMoney, PayTrust, fasapay, ZOTAPAY, Lipi |
| 🗺️ Country of regulation | UK, Dubai, Cayman Islands, Saint Vincent and the Grenadines |
| 🎮 HYCM demo account provided | Yes |
| 📋 Read more | Check out the HYCM review for 2024 |
Brokers
Currency
73-76% of retail CFD accounts lose money
Looking for the best FX brokers?
If you are looking for the brokers that offer the best FX trading conditions, check our top list of the best FX brokers in the world.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Forex trading explained
- Does HYCM provide a demo account?
- Is HYCM supervised by a regulator?
- Is HYCM safe and legit?
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.
