Recalculated 2026-11-02 · Established 1998 · HYCM Ltd
HYCM — South Africa
HYCM is rated 2.85 out of 5 by our formula (Rank #49 of 70) for traders in South Africa: round turn 5 USD, residents accepted — Through an offshore entity.
Suits you if the round turn is 5 USD against a 7 USD median here · a swap-free account is available · it has been trading for 28 years
Look elsewhere if the minimum is 100 USD against 50 USD in this market · it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- HYCM Ltd
- Licence number
- 1442313
- Established
- 1998group
- Min deposit, USD
- 100 USD
- Platforms
- MT4 · MT5
- Local funding
- Cards, bank wire, Skrill/Neteller, crypto; local
- Max leverage
- 500geo
- EURUSD
- 1.2 pipsgroup
Accounts (3)
3 of 3 accounts with a published cost per lot
3 of 3 shown
Click a column heading to sort. Figures are list terms, no promo codes.
This broker against the South Africa middle (81 of 104)
| HYCM | South Africa median | |
|---|---|---|
| Round turn, USD | 5.0 USD | 7.0 USD |
| Min deposit, USD | 100 USD | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | within one working daygroup | 24.0 h |
| EURUSD, standard | 1.2 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 1998group | 2009.0 |
| Platforms | 2 | 3.0 |
Onboards residents through an offshore entity
Offshore; no FSCA licence; SA clients unprotected by local schemes.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about HYCM.
- Who actually onboards you
- HYCM Ltd
- Licence number
- 1442313
- Local licence
- no
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 2.00+ 20.0% × 5.00+ 20.0% × 0.00+ 15.0% × 4.00+ 10.0% × 5.00+ 10.0% × 2.50= 2.85
Ranked against brokers measured on every axis
Licence check
- Licence number
- 1442313
- Checked
- 2026-07-09
Who actually onboards you
HYCM Ltd
Offshore entity
SA clients served under offshore HYCM Ltd (Cayman, CIMA); some sources cite a St Vincent & the Grenadines (SVG FSA reg. 25228) registration.
What each account gives you
Fixed, Classic, Raw, VIP; min deposit USD 100.
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min USD 100; wire USD 250.
What the broker publishes about payouts
Trading software and asset classes (2)
MT4 · MT5
FX, indices, commodities, shares, crypto CFDs.
Reviews
HYCM is rated "Great" with 3.8 / 5 on Trustpilot
Where it wins, where it loses
Pros (3)
- Round turn 5.0 USD against a South Africa median of 7.0
- Swap-free account available
- Withdrawal published at within one working day
Cons (1)
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
United States, Canada, Japan, Hong Kong, Spain, Portugal, Belgium, France, Cyprus
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1hycm.comhycm.com · domainBroker
- Aggregators and directories
- 2fxscouts.co.zafxscouts.co.za · domainAggregator
- 3cima.kycima.ky · domainAggregator
FAQ (5)
Does HYCM accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of HYCM?
HYCM Ltd
What licence does HYCM hold for South Africa?
Licence 1442313.
What does one EURUSD lot cost at HYCM?
5.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from HYCM take?
HYCM publishes within one working day. Their own wording: “The broker processes all withdrawal requests within one working day”.