SmartProfitFX vs HYCM

Account setup and onboarding facts

• HYCM's account page lists three main retail account styles: Fixed, Classic and Raw.
• The Fixed account lists a $20 minimum deposit, fixed spreads from 1.5 pips, USD base currency, 0.01 minimum trade volume, HYCM Trader, MT4 and MT5, no Expert Advisor support and no commission.
• The Classic account lists a $20 minimum deposit, variable spreads from 1.2 pips, EUR/USD/GBP/AED/JPY base currencies, 0.01 minimum trade volume, MT4 and MT5, Expert Advisor support and no commission.
• The Raw account lists a $20 minimum deposit, raw spreads from 0.1 pips, EUR/USD/GBP/AED/JPY base currencies, 0.01 minimum trade volume, MT4 and MT5, Expert Advisor support and per-round commissions by instrument group.
• also describes live and demo accounts plus special accounts for VIP and corporate clients, but the page should keep listed comparisons focused on the displayed Fixed, Classic and Raw account table unless current special-account terms are checked directly.
• HYCM account details should stay tied to the source URLs checked 2026-06-03.
• Do not infer account availability for a country or entity unless the current onboarding flow confirms it.

Spreads, commissions and fee context

• HYCM's account table gives headline spreads from 1.5 pips on Fixed, 1.2 pips on Classic and 0.1 pips on Raw.
• notes that the table shows indicative spreads and that real spread values should be checked in the client terminal.
• also notes that spreads can increase during its Midnight session from 8pm to 6am GMT, and that some products can have different timing.
• HYCM's products page repeats spreads from 0.1 pips as a general trading-account signal while product-level tables give instrument-specific spread examples.
• Do not compare HYCM against SmartProfitFX on headline spread alone; the account type, instrument, commission, session timing and current terminal value matter.
• HYCM's Fixed and Classic account rows state no commission.
• HYCM's Raw account row lists FX at $4 per round, metals at $5 per round, others at $0 per round and an overall $0 to $5 per-round range.

Platforms, markets and instruments

• HYCM official pages list MT4, MT5 and HYCM Trader in the navigation and account materials.
• The Fixed account row includes HYCM Trader, MT4 and MT5, while Classic and Raw list MT4 and MT5.
• HYCM's MT4 page describes MT4 as a platform for CFDs across currencies, stocks, indices, cryptocurrencies and commodities, with Expert Advisors and mobile trading support.
• HYCM's MT5 page describes MT5 as a multi-asset platform with advanced technical and fundamental analysis, 21 timeframes, 6 pending-order types and an integrated economic calendar.
• The platform fit is account-dependent: traders who specifically need Expert Advisors should check the account table because HYCM marks Expert Advisor support as No on Fixed and Yes on Classic/Raw.
• HYCM's products page organizes markets into Forex, CFD stocks, indices, cryptocurrencies and commodities.
• The products page describes forex trading with currency pairs and shows sample platform coverage across MT4, MT5 and HYCM Trader.

Legal route, restrictions and client scope

• FCA register page for HYCM Capital Markets (UK) Limited lists reference number 186171, status Authorised since 01/12/2001, website www.hycm.co.uk and registered company number 02878581.
• FCA register current names include PIPTRADE as a Trading name effective from 04 Feb 2009, HYCM as Trading effective from 08 Jun 2015, HY Markets as Trading effective from 09 Mar 2009, HY Investment as Trading effective from 19 Apr 2000 and Hymarkets.com as...
• HYCM's official regulation page says the HYCM Group has regulated entities in the UK and the UAE and says each entity is regulated by the relevant authority for that jurisdiction.
• HYCM's official regulation page says HYCM Capital Markets (UK) Limited is authorised and regulated by the FCA with reference number 186171 and HYCM Capital Markets (DIFC) Limited is authorised and regulated by DFSA with licence F000048.
• HYCM's global regulation page also lists HYCM Capital Markets S.R.L. as a Costa Rica registered company with registration number 3-102-883933.
• Henyep's official capital-markets page identifies Henyep Capital Markets (UK) Limited as a regulated group company headquartered in London and authorised and regulated by the FCA.
• HYCM official pages state that services are not offered to residents of certain jurisdictions, including the United States of America.

Funding workflow and risk warnings

• HYCM's deposit and withdrawal page lists deposit methods including bank wire, Visa and crypto with a $20 minimum shown in the table.
• The same table lists deposit processing examples of 1 to 7 working days for bank wire, up to 1 hour for Visa and up to 3 hours for crypto.
• The HYCM funding table shows $0 internal deposit fees for the displayed methods, with a note that bank charges may still be deducted from the amount received.
• links help-center material for minimum deposit, funding, withdrawal timing, fund safety, withdrawal steps and payment gateway questions; those should be rechecked before funding.
• HYCM official pages carry a high-risk CFD warning that CFDs are complex products traded on margin and that it is possible to lose all capital.
• HYCM's risk text says the content is informational and not a recommendation or advice, and that past or simulated past performance is not a reliable indicator of future results.
• HYCM's regional restriction text says services are not offered to certain jurisdictions, including the United States of America.

• You specifically want HYCM's own account setup after checking the current official account pages.
• HYCM's official platform and instrument coverage match the way you trade.
• You have verified the live legal entity, country restrictions, pricing, funding method and risk disclosures.
• You understand investment or trading risk and are not relying on this comparison as personal financial advice.