HYCM Minimum Deposit Revealed ☑️ (Updated 2024) (2024)

HYCM has a minimum deposit of $100/R1 600. The accepted deposit currencies will depend on your selected payment method. In total, the broker accepts USD, EUR, GBP, RUB, AED, and CAD.

HYCM at a glance

Choose your quick section of our HYCM Deposit below.

HYCM Minimum deposit – 7 key points quick overview:

1. HYCM Minimum Deposit
2. HYCM Deposit fees and deposit methods
3. Step by step guide to deposit the minimum amount
4. HYCM Pros and Cons
5. Conclusion
6. HYCM Customer Reviews
7. Frequently Asked Questions

Here is our overview of the HYCM Minimum deposit as well as the pros and cons as well as features that are offered to traders.

HYCM Minimum Deposit

The minimum deposit amount required to open a broker account with HYCM is $100. This is a standard minimum deposit requirement when compared to most other brokers in the industry and should present a low barrier of entry to most new traders.

HYCM Deposit fees and deposit methods

HYCM offers a variety of popular deposit methods. Traders can make a deposit viadebit/credit card(Visa or Mastercard), Skrill, Neteller, Webmoney, China Union Pay, Interac orwire transfer, depending on their region.

For Visa or Mastercard deposits, the broker will require a copy of the front of the credit used to fund your account. The broker also acceptsvirtual cardsand will require the number of the card, the expiry date and proof confirming that you are the owner of the card.

HYCM prides itself in itsefficient fund withdrawalpolicies. These procedures can be completed online and are designed with the trader’s security in mind. Your funds will be transferred back to the original source that you used to fund your account.

Funds can be withdrawn via wire transfer only and will be transferred to your bank account which should be in the same name as the account maintained on record with HYCM.

For withdrawals via wire transfer of less than US$300, a handling fee of US$30 will be charged. Deposits and all other withdrawal types are processed free of charge, although your payment processor may charge a handling fee which is beyond the broker’s control.

The accepted deposit currencies will depend on your selected payment method. In total, the broker accepts USD, EUR, GBP, RUB, AED, and CAD. Traders depositing in smaller currencies, like ZAR/Rand, will incur conversion fees.

Step by step guide to deposit the minimum amount

To deposit funds into your account, you will need to take the following steps:

Step 1 – Log into your account

Log into the accounts area on the broker’s website.

Step 2 – Select the option to Deposit

Select the option to deposit funds on your dashboard.

Step 3 – Select a deposit method

Select your preferred deposit method, whether by wire transfer, credit card or debit card

Step 4 – Confirm your deposit amount

Confirm the amount you want to deposit into your account.

HYCM Pros and Cons

Conclusion

HYCM has a minimum deposit of $100/R1 600. The accepted deposit currencies will depend on your selected payment method. In total, the broker accepts USD, EUR, GBP, RUB, AED, and CAD.

HYCM Customer Reviews

conclusions are made – top broker

It’s one of those companies I trust. 1+ year of trading with hycm has passed and I made my conclusions. Top broker, no doubt

No complaints

Quoting the website “The HYCM Group is a global corporation with a diversified portfolio of businesses spanning Asia, Europe and the Middle East.”. You can definately rely on HYCM. Trustworthy broker!

Nice broker, no complaints

Well,in my opinion, all the brokers have to comply simple rules: be responsive and responsible, be reliable and always develop the service in a better way. However, not all the brokers comply with these rules.
I have plenty of experience in trading and faced such brokers who aren’t reliable at all. Nevertheless, HYCM is different. Fortunately, everything was as I expected. Can be recommended!

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Frequently Asked Questions

What is the minimum deposit for HYCM?

The minimum deposit amount required to open a broker account with HYCM is $100. This is a standard minimum deposit requirement when compared to most other brokers in the industry and should present a low barrier of entry to most new traders.

How do I make a deposit and withdrawal with HYCM?

Traders can make a deposit via debit/credit card (Visa or Mastercard), Skrill, Neteller, Webmoney, China Union Pay, Interac or wire transfer, depending on their region.

Does HYCM charge withdrawal fees?

For withdrawals via wire transfer of less than US$300, a handling fee of US$30 will be charged. Deposits and all other withdrawal types are processed free of charge, although your payment processor may charge a handling fee which is beyond the broker’s control.

How long does it take to make a withdrawal?

To ensure thesecurity of your fundsand to be sure that all funds are returned safely there are manysecurity checksthat need to be completed before processing a withdrawal.

Although HYCM processes your withdrawal request within 1 business day,withdrawals can take3 to 7 daysto reach your account depending on your bank or credit card company.