HYCM Free Demo Account
Practise on an HYCM demo account with virtual funds before you deposit anything.
FCA and DFSA-regulated forex and CFD broker with spreads from 0.1 pips and a $20 minimum deposit.
Founded 1977London, United KingdomFCA, DFSA
HYCM does not have a promo code we have verified at the moment, and we do not publish codes we cannot confirm. The standing saving is the free demo account, which costs nothing and is the sensible first step. This page is updated whenever an offer changes, so it is the place to check before you open an account.
Practise on an HYCM demo account with virtual funds before you deposit anything.
HYCM offers a free demo account. It is the cheapest way to test the platform, spreads and execution before any promotion matters, because it costs nothing and does not commit you to a deposit.
HYCM is a forex and CFD broker founded in 1977 and headquartered in London, United Kingdom. It is regulated by FCA and DFSA, which is the first thing worth checking before any promotion, because a licence decides what protection your money has and what kind of offers the broker is even allowed to run. The operating company is HYCM Capital Markets (UK) Limited, part of HYCM Capital Markets Group.
Spreads start from 0.1 pips, with commission of $2 per side / $4 round turn, Raw on the raw or commission-based accounts. The minimum deposit is $20. Leverage goes up to 1:500, which depends on the entity you sign up with and the rules of your regulator. Markets on offer cover forex, stocks, indices, cryptocurrencies, commodities, around 300+ instruments in total.
Trading runs on HYCM Trader, MetaTrader 4, MetaTrader 5, WebTrader. Account types include Fixed, Classic, Raw, Islamic/Swap-Free, Professional and 1 more. A swap-free Islamic account is available on request. A free demo account is offered, which is the cheapest way to test the platform before any promotion matters.
Deposits can be made by visa, mastercard, bank transfer, skrill, neteller and regional payment methods. Withdrawal fees: Generally none internally; payment-provider/bank fees may apply. Inactivity fee: $10/month after 90 days inactivity. Support is available 24/5 by live chat, email, phone.
Because HYCM holds a licence from a regulator that restricts retail incentives, do not expect deposit bonuses or cash rewards under that entity. The offers you will usually find are the free demo account, occasional fee or commission promotions, and referral programmes, and any bonus that does appear will come from a different entity in the same group aimed at clients outside those rules.
| Feature | Details |
|---|---|
| Minimum deposit | $20 |
| Spread from | 0.1 pips |
| Average EUR/USD spread | Approx. 0.2 pips, Raw |
| Commission | $2 per side / $4 round turn, Raw |
| Maximum leverage | 1:500 |
| Account types | Fixed, Classic, Raw, Islamic/Swap-Free, Professional, Demo |
| Platforms | HYCM Trader, MetaTrader 4, MetaTrader 5, WebTrader |
| Demo account | Yes |
| Islamic account | Yes |
| Markets | Forex, Stocks, Indices, Cryptocurrencies, Commodities |
| Deposit methods | Visa, Mastercard, bank transfer, Skrill, Neteller and regional payment methods |
| Withdrawal fee | Generally none internally; payment-provider/bank fees may apply |
| Inactivity fee | $10/month after 90 days inactivity |
Figures are the provider's published terms at the time of our last check and can change; the provider's own site is the final word.
BONUS No deposit bonus · 2 offers
FREE DEMO Free demo account
FREE DEMO Free demo account
FREE DEMO Free demo account
Not at the moment. HYCM is not running a promo code we have been able to verify. The free demo account is free and is the best current saving. When a code is issued it will appear here.
Yes. HYCM offers a free demo account, which lets you test the platform with virtual funds before depositing.
Not as a rule. HYCM holds a licence from a regulator that restricts retail incentives, so do not expect deposit bonuses or cash rewards under that entity. The free demo and any fee promotions are the offers to look for.
The minimum deposit at HYCM is $20. It can differ by account type and by the entity you register with, so confirm it on the account page before funding.
Click "Show coupon code" on the card. The code is revealed and copied to your clipboard, and HYCM opens in a new tab. Register or sign in, and enter the code where the broker asks for a promo or partner code during registration or deposit. The discount shows in the total before you confirm.
Not always. Offers depend on the HYCM entity that serves your country, and brokers regulated in Australia, the UK and the EU are not allowed to give retail clients bonuses. Free demo accounts are generally available everywhere the broker accepts clients.
Trading forex, CFDs and other leveraged products involves significant risk and you can lose more than your initial deposit. FrugalFX provides general information only and does not provide investment advice. Offers are the provider's; check the terms on its site before relying on them.
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