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Here's how you can deposit to HYCM

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It's great that you are looking for deposit options at HYCM to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.

There are several ways to start your journey, let's walk through the options together!

To give you a brief summary: HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA.

THE ESSENCE:

  • The minimum deposit at HYCM is $100
  • HYCM charges $0 for deposits
  • You can only deposit funds from accounts that are in your name
  • Visit HYCM's page to start the process
  • HYCM is a reliable broker regulated by at least one top-tier regulator

First, let's see if HYCM is available in your country?

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76% of retail CFD accounts lose money

Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

HYCM minimum deposit
Is HYCM safe?

To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.

HYCM can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to access your funds.

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76% of retail CFD accounts lose money

HYCM minimum deposit
What is the minimum deposit at HYCM?

At HYCM, the minimum deposit amount is $100.

This means that you have to deposit at least $100 to be able to start trading.

After you have completed the registration and verification process, you need to fund your account to start trading.

This is where you stand in your journey to your first trade at HYCM

Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.

Pay attention to the inactivity fee though. At HYCM, there is an inactivity fee, with the following conditions: $10 each month after 90 days of inactivity.

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76% of retail CFD accounts lose money

HYCM minimum deposit
What currencies can I use at HYCM?

At HYCM, the following base currencies are available: USD, EUR, GBP, CAD, RUB, AED. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

HYCM minimum deposit
What deposit options do I have at HYCM?

At HYCM, you have multiple options to choose from when you want to deposit money to your account. These options are the following: Bank transfer, Credit/debit cards, Skrill, Neteller, WebMoney.

All these options are great, choose the most convenient one for you to be able to start trading. And remember, you can only deposit funds from accounts that are in your name.

There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers usually take 2-3 business days to arrive.

Deposit options HYCM
Bank transfer Yes
Credit/Debit card Yes
Electronic wallet Yes

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76% of retail CFD accounts lose money

HYCM minimum deposit
Will I be charged for making a deposit at HYCM?

The answer is no. No deposit fees will be applied at HYCM.

This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.

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76% of retail CFD accounts lose money

HYCM minimum deposit
How to deposit money to my HYCM account?

Here's a step-by-step guide:

  • Log in to HYCM's client area
  • Look for 'Deposit' or 'Funding menu'
  • Choose your funding method
  • Provide the necessary details for the transaction
  • Check if the payment details are correct
  • If you are OK with it, you are ready to proceed
The interface to send the minimum deposit to HYCM

If you get stuck during the process, you can always reach out to HYCM's customer support. At HYCM, customer support can be reached via live chat, phone and email.

HYCM minimum deposit
Wrap-up

It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.

If you have a question or a suggestion, drop us an email to [email protected], and we will get back to you soon.

Author of this article

András Iván

Author of this article

Andras has over 5 years of experience in investing and trading equities, options and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

András Iván

Broker Analyst

Andras has over 5 years of experience in investing and trading equities, options and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

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

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76% of retail CFD accounts lose money

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