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HYCM in Australia — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%40
- Round-turn cost20%100
- Safety20%10
- Payouts15%80
- Track record10%100
- Platforms10%65
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Australian clients offshore entity
- Founded
- 1977
- Retail leverage
- 30AU
- Round turn
- 5 USDAU
- Currencies
- AUD, USD, EUR, GBP
- Swap-free account
- —
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with HYCMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Australia residents
- Australian clients offshore entity
- Local standing
- Globally regulated, AU unconfirmed
- Licence as the register states it
- No AU license stated
- Leverage for this entity
- Up to 1:30
- The firm behind it
- Henyep Group broker
- What we hold against it
- No AU-local warning found
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Australian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youGlobally regulated, AU unconfirmed
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Australia market median(priced from 73 of 76)
Medians run over the 73 of 76 brokers that publish a price for Australia, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Fixed, Classic, Raw. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Cost calculator (median of 73 priced of 76)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a AUD conversion because the exchange rate is not part of our data.
Where HYCM sits in the Australia base(76 brokers)
Round-turn cost, USD (73 of 76 priced)
Median 6 USD · range 1.5-20 · this broker 5 USD · 3 of 76 brokers do not publish it
Minimum deposit, USD (7 of 76 priced)
Median 15 USD · range 0-100 · this broker 20 USD · 69 of 76 brokers do not publish it
Retail leverage (42 of 76 with a Australia figure)
Median 1:115 · range 30-5000 · this broker 1:30 · 34 of 76 brokers do not publish it
Withdrawal time published (76 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
Not stated for Australia
- Account currency
- AUD, USD, EUR, GBP
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(9 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- HYCM Trader app
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.2 |
| MT5 | — | 1.2 |
| HYCM Trader app | — | 1.2 |
| All instruments | 300+ | — |
Identical for every row: Leverage 30 AU.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.8 | 191 |
Share of reviewers in Australia: — The platform does not publish it.
Pros and cons(4 for and 3 against, each tied to a figure on this page)
- Round turn 5 USD on the raw + commission basis, under the Australia median 6
- Withdrawal in 24 h, one of 74 of 76 brokers here that publish a time
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, HYCM Trader app
- No Australia authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 20 USD, over the Australia median 15
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in Australia(5 of 76 scored in Australia)
- Round turn, USD
- 6AU
- Leverage
- 500AU
- Rank in this country
- #9
- Round turn, USD
- 4.8AU
- Min deposit, USD
- 0AU
- Leverage
- 30AU
- Rank in this country
- #1
- Round turn, USD
- 5AU
- Min deposit, USD
- 0 groupAU
- Leverage
- 200 group
- Rank in this country
- #12
- Round turn, USD
- 7AU
- Min deposit, USD
- 0AU
- Leverage
- 500AU
- Rank in this country
- #5
- Round turn, USD
- 7AU
- Min deposit, USD
- 0AU
- Leverage
- 30AU
- Rank in this country
- #7
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Australia score. Full methodology
| Axis | Weight | What is measured | HYCM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 40 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 65 |
FAQ
- Does HYCM accept residents of Australia?
- No. Globally regulated, AU unconfirmed Onboarding entity: Australian clients offshore entity
- Is HYCM licensed to serve clients in Australia?
- No AU license stated Checked on 11.10.2026.
- How much does one round turn cost at HYCM?
- About 5.0 USD per standard lot on EUR/USD. The median across brokers measured for Australia is 6.0 USD.
- What leverage does HYCM offer to retail clients in Australia?
- Up to 1:30. leverageGeo: Up to 1:30
- Which trading platforms does HYCM support?
- MT4, MT5, HYCM Trader app. Instruments: 300+ CFDs and forex
- How can I withdraw money from HYCM in Australia?
- Not stated for Australia
- What account types does HYCM offer?
- Fixed, Classic, Raw
Taxes for an Australian resident(1 rule)
- Forex/CFD trading gains are not subject to a special standalone tax regime in the cited sources;https://au.trustpilot.com/review/hycm.com
Not tax advice. Check with the ATO.