HYCM Fees and Commissions Revealed

Pros

Cons

  • Low forex fees
  • Low commissions
  • No deposit and withdrawal fees
  • Inactivity fees

Introduction

With the HYCM broker you can invest online in a multitude of different financial instruments such as forex, CFDs, ETFs, and more.

This company, which has more than 44 years of experience in the sector, stands out for offering a professional and transparent service . The HYCM group has a presence in a lot of countries and has various regulations, for example it is regulated by FCA, the Financial Conduct Authority.

But, what is the cost of their services? Like other online brokers, HYCM applies a series of fees, which represent their fees. If you want to know what are the most significant commissions for trading in Forex, and CFDs with this online broker, whether you are a client belong to the Latin American area, we invite you to read this article:

HYCM fees may vary from account type to another. Please read the following sections for more information.

Commissions

Fixed and classic accounts have no additional commissions and they are only charged with spreads for all products.

For the Raw account, it’s charged with spreads + a commission of ($4 per round) when trading forex only. Other products like ETFs, CFDs, stocks, cryptos, and commodities have no commissions.

Commissions by Account Type

 

Fixed

Classic

Raw

Forex

No Commissions

No Commissions

($4 per round)

Indices

No Commission

ETFs

Commodities

Stocks

Cryptocurrencies

Trading Fees

Please note that trading fees differ from an account to another. So, please check this section to get all the information you need.

Forex

The minimum spreads for trading AUDCAD is:

  • Fixed: 5.8 pips per lot
  • Classic: 4.2 pips per lot
  • Raw: 2.6 pips per lot + $4 commissions per round

Shares

The minimum spreads for trading Apple share is:

  • Fixed: 19 pips per lot
  • Classic: 15 pips per lot
  • Raw: 15 pips per lot

Indices

The minimum spreads for trading US 500 is:

  • Fixed: 0.6 pips per lot
  • Classic: 0.5 pips per lot
  • Raw: 0.45 pips per lot

ETFs

The minimum spread for trading SPDR S&P 500 is 10 pips per lot for all account types.

Commodities

The minimum spreads for trading COFFEE CFD is:

  • Fixed: 30 pips per lot
  • Classic: 25 pips per lot
  • Raw: 25 pips per lot

Cryptocurrencies

The minimum spreads for trading BTCUSD is:

  • Fixed: 150 pips per lot
  • Classic: 135 pips per lot
  • Raw: 135 pips per lot

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.

Non-Trading Fees

  • Account fee: $0
  • Inactivity fee: USD $10.00 each month after 1 year of inactivity
  • Deposit fees: $0
    Please note that HYCM does not charge on deposits, however there might be charges from the banks that are then deducted from the amount that you will receive.
  • Withdrawal fees: $0

FAQs

  1. Does HYCM give a bonus?
  • Yes, as you will get a %10 bonus on every deposit you made up to $5,000.
  1. Does HYCM allow hedging?
  • Yes. HYCM permits hedging on its trading platform
  1. When trading forex, will you lose more than your initial deposit?
  • MetaTrader 4 platform is set to automatically close your positions when your margin requirement reaches 100% (stop out level).
  • Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.

 



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