HYCM Islamic Account 2026: Swap-Free Trading

HYCM offers an Islamic (swap-free) account. Swap-free accounts remove overnight interest (swap) from positions, which is required for Sharia-compliant trading. You can test the platform on a demo account (Yes).

On a swap-free account, no interest is credited or charged when positions roll over. Islamic accounts are available. Some brokers apply an administration fee after positions are held beyond a set period — confirm the terms in the HYCM account documentation.

Request the Islamic account when registering at HYCM or from the client portal. Verification: ID + Proof of Address. The minimum deposit is $100, and platforms include MT4, MT5, HYCM App.

HYCM operates with a minimum deposit of $100 and offers leverage up to 1:30 (Retail) | 1:400 (Pro). EUR/USD spreads are quoted from 0.2 pips (Raw), with a commission structure of $4/lot (Raw) on STP execution.

Trading platforms include MT4, MT5, HYCM App. Deposit methods span Card, Bank, Skrill, Neteller, and withdrawal processing runs at 1-2 business days.

The broker holds 2 Tier-1 and 1 Tier-3 licence (FCA (UK), CySEC (Cyprus), CIMA (Cayman Islands), DFSA (Dubai)), with client protection of £85,000 (FSCS) / €20,000 (ICF). Operating since 1977 from London, UK.

HYCM is positioned Experienced traders seeking long-established regulated broker.

Educational resources are rated Average, covering market analysis and platform training.

Reviewers consistently note: Over 45 years operating history; FCA and CySEC regulated; Tight raw spreads from 0.2 pips.

Deposit methods at HYCM: Card (Instant), Wire (1-7 Days), Skrill/Neteller (Instant).
Withdrawal methods: All (1-5 Days).
Supported base currencies: USD, EUR, GBP, AED, JPY.
Verification: ID + Proof of Address.
Time to open an account: Same Day.
Forex pairs available: 40+.

HYCM is positioned Experienced traders seeking long-established regulated broker, which matters when comparing it against other brokers for this decision.
Strengths in our review: Over 45 years operating history; FCA and CySEC regulated; Tight raw spreads from 0.2 pips; Fixed spread accounts available; Negative balance protection.
Watch-outs in our review: $100 minimum deposit; Limited research tools; Smaller product range.
Platform support: MT4 supported, MT5 supported, cTrader not supported, TradingView not supported, proprietary not supported.
Islamic (swap-free) accounts: supported. Demo account: Yes.
Education resources are rated Average.
Regulatory footprint: FCA (UK) (Tier 1), CySEC (Cyprus) (Tier 1), CIMA (Cayman Islands) (Tier 3), DFSA (Dubai) (Tier 2).

HYCM is rated 4.1/5 in our editorial reviews and holds licences across 4 regulated entities.
The broker was founded in 1977.
Headquarters are in London, UK.
It has been licensed since 1977.
Positioning: Experienced traders seeking long-established regulated broker.
Commission model: $4/lot (Raw).
Leverage reaches 1:30 (Retail) | 1:400 (Pro).
Minimum deposit: $100.

Strengths: Over 45 years operating history; FCA and CySEC regulated; Tight raw spreads from 0.2 pips; Fixed spread accounts available; Negative balance protection.

Weaknesses: $100 minimum deposit; Limited research tools; Smaller product range.