HYCM Deposit & Withdrawal

When we set out to review how traders can fund an account with HYCM Limited, we expected to find a clear, documented picture of deposit and withdrawal methods, processing times and fees. Instead, our records show that the broker publishes no deposit methods, no withdrawal methods, and no fee schedule at all. That absence is itself a finding, and it shapes everything we can responsibly tell you about moving money in and out of this firm.

HYCM Limited is registered in the United Kingdom at 18 King William Street, London, and was incorporated on 11 May 2022. The official domain is hytrade.me. Our files list three regulatory licences — from the FCA, CySEC and CIMA — but the company reports zero employees on record. For a trader, the most immediate question is not whether the brand looks credible, but whether the entity you are sending money to is the same one that holds those licences. We cannot independently confirm that from the public record, and neither can you without asking the regulators directly.

Our records list three licences for HYCM Limited: an FCA Market Making licence (no 186171), a CySEC Forex Execution License (STP) (no 259/14), and a CIMA Derivatives Trading License (EP) (no 1442313). On paper, that is a substantial regulatory footprint. But we must be careful: a licence number on file does not, by itself, tell you which entity you are actually dealing with when you open an account. Clone firms routinely trade on the names and numbers of legitimate companies.

Industry watchdog records flag HYCM Limited as a 'Fake Broker' and as a clone or impersonator firm. Our FXCanary Scam Risk Score is 85 out of 100, which we classify as 'Severe'. That score is driven by those two flags, not by any user complaints — because there are no independent user reviews of this broker on record. In plain terms: the regulatory numbers exist, but the entity behind the website may not be the entity that holds them. That is the single most important context for any funding decision.

HYCM Limited offers three account types in our records. The RAW account requires a minimum deposit of $200, with spreads from 0.1 pips and a commission of $4 per round turn. The CLASSIC account requires $100, with spreads from 1.2 pips and no commission. The FIXED account also requires $100, with spreads from 1.5 pips and no commission. Maximum leverage is not disclosed in our records for any of the three tiers.

These figures give you a sense of the entry point, but they tell you nothing about how you actually get money in or out. There is no published list of accepted payment methods — no bank transfer, no cards, no e-wallets, no crypto addresses. We do not know whether the broker charges a fee for deposits, whether withdrawals are free, or how long a withdrawal might take. In the absence of that information, the only responsible advice is to treat every funding step as an experiment, not a routine transaction.

This broker has no independent review record. That means there is no third-party confirmation that withdrawals are paid, that spreads are honoured, or that the platform behaves as advertised. We cannot point to a pattern of user complaints because none exist in our sources — but we also cannot point to a pattern of successful payouts. The silence is not evidence of safety; it is simply an absence of evidence.

For a cautious trader, that absence is the story. When a broker has been flagged as a clone or impersonator, the risk is not that you will have a slightly slower withdrawal — the risk is that the entity you send money to is not the licensed firm at all. In that scenario, your deposit may go to an account you cannot trace, and your 'broker' may disappear. No regulatory licence number protects you from that if the person you are dealing with is not the licence holder.

If you are considering funding an account with HYCM Limited, the first rule is to start with the smallest amount you are prepared to lose entirely. The $100 minimum on the CLASSIC and FIXED accounts is low enough that a lost deposit would be painful but not catastrophic. Do not be tempted to fund more because the marketing materials look professional or because the licence numbers look impressive.

The second rule is to test a withdrawal as early as possible — ideally immediately after your first deposit, before you place any trades. A broker that cannot return your money when you ask for it, in the same method you used to deposit, is a broker you should not trade with. Keep a full record of every transaction: screenshots of the deposit confirmation, the withdrawal request, and any email correspondence. If something goes wrong, that documentation is your only evidence.

Before you transfer a single dollar, cross-check the domain hytrade.me against the official registers of the FCA, CySEC and CIMA. Each regulator publishes a list of authorised firms, and each will tell you the exact legal name and any trading names. If the entity you are dealing with does not appear on those registers under the name HYCM Limited, or if the domain does not match the one listed, stop.

Also check the company's registered address — 18 King William Street, London, EC4N 7BP — against the register. A legitimate firm will have a verifiable physical presence. If the address is a virtual office or a mail-forwarding service, that is a red flag.

And remember: a licence number on a website is not proof of anything. Anyone can copy a number from a public register. The only proof is the regulator's own confirmation that the firm you are dealing with is the one it supervises.

In FXCanary's assessment, the lack of published deposit and withdrawal information is a serious deficiency for any broker, but it is especially concerning for one that carries a 'Fake Broker' flag. We cannot tell you what fees to expect, what methods are accepted, or how long a withdrawal might take — because the broker has not told us, and no independent source has filled the gap.

Our advice is unambiguous: treat this as a high-risk counterparty. If you decide to proceed, do so with a sum you can afford to lose, test a withdrawal immediately, and keep meticulous records. Do not rely on the licence numbers alone, and do not assume that because the brand name is familiar, the entity behind it is legitimate. The safest funding decision is often the one you do not make.

To give you a more complete funding review, we would need the broker to publish its deposit and withdrawal methods, fee schedule, and processing times. We would also need independent user reports of successful withdrawals, ideally verified by transaction records. Until then, our assessment stands: the information is not available, and the risk flags are severe.

We will continue to monitor the public record for any changes. If HYCM Limited publishes funding details, or if independent reviews begin to appear, we will update this page. For now, the cautious trader's best tool is verification — check the registers, test the withdrawal, and never send more than you can afford to lose.