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Head to head

HYCM vs Wingo Markets

HYCM is licensed by FCA in the United Kingdom and DFSA in the United Arab Emirates (DIFC). Wingo Markets has no licence we could confirm on a regulator's register. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $20 at HYCM and $50 at Wingo Markets. Only HYCM offers negative balance protection and segregated client money.

Facts last checked: HYCM on 20 October 2026, Wingo Markets on 20 October 2026.

HYCM profileWingo Markets profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
HYCMStrictly regulatedRead the profile
Wingo MarketsRead the profile
Comparing
HYCMUnited Kingdom
Wingo Markets

Overview

Founded
Not yet checked
Not yet checked
Headquarters
London, United Kingdom
Podgorica, Montenegro (registered office); company incorporated in Mwali, Comoros
Official websites
  • hycm.com
  • hycm.co.uk
  • wingomarkets.com
  • clientx.wingomarkets.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
HYCM Capital Markets (UK) Limited
No licence listed
Regulator
FCA
United Kingdom
No licence listed
Regulation level
Strictly regulated
No licence listed
Licence number
186171
Check the register
No licence listed
Clients this company serves
UK residents
No licence listed
All licences held
  • FCA (United Kingdom)
  • DFSA (United Arab Emirates (DIFC))
None listed
Segregated client money
Yes
No
Negative balance protection
Yes
No
Compensation scheme
FSCS for eligible clients of HYCM Capital Markets (UK) Limited only
None

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Not yet checked

Leverage and margin

Maximum retail leverage
1:30 on major pairs for FCA retail clients; up to 1:500 at the Costa Rica company
1:500
Retail leverage by asset class
  • Major currency pairs: 1:30 (FCA); up to 1:500 (Costa Rica)
  • Bitcoin CFDs: 1:5 (Costa Rica company only)
Not yet checked
Margin call level
Not yet checked
100%
Stop-out level
50% (HYCM may start closing positions from 55%)
30%

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • HYCM Trader app
  • Web Trader
  • MetaTrader 5
  • Web platform
  • Mobile app
Markets
300+ CFDs on forex, metals, indices, commodities, shares and cryptocurrencies, plus US stocks
Forex, metals, oil, indices, crypto and share CFDs (the broker says 1,000+ instruments)
Demo account
Yes
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Not yet checked
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank wire
  • Visa card
  • Cryptocurrency
  • Wingo Pay
  • Mastercard
  • USDT (TRC20)
  • USDT (BEP20)
  • Volet
  • AdvCash
Withdrawal fee
No HYCM fee; your bank may charge. Profits are withdrawn by wire transfer only
Not yet checked
Inactivity fee
Not yet checked
Not yet checked

Support

Customer support
Live chat and online help centre
Phone, email and Telegram

Our notes

Strengths
  • UK company authorised by the FCA since 2001 and allowed to hold client money
  • Client money kept in segregated accounts, with negative balance protection
  • Low $20 minimum deposit on every account type
  • Low published minimum deposit ($50 on the Starter account)
  • Account conditions, margin call and stop-out levels are published for every account
  • Social trading account for copying other traders
Watch out for
  • The international website (hycm.com) signs clients up with HYCM Capital Markets S.R.L., a Costa Rica company with no financial licence
  • Leverage of up to 1:500 at the Costa Rica company, against 1:30 for FCA retail clients
  • The FCA has warned about many clone firms using HYCM's name, including hycmarkets.net and hycmarket.com
  • Spreads are published only as "from" figures, so typical costs are hard to compare
  • Says it holds International Brokerage and Clearing House licence T2023302 from the Mwali International Services Authority (MISA); we could not confirm it on MISA's register on 2026-10-20 because the register site blocked our access.
  • The Central Bank of the Comoros said on 8 December 2025 that MISA is not recognised in the Union of the Comoros and has no legal power to issue financial licences.
  • FinCEN registration as a money services business is an anti-money-laundering registration, not a licence to offer trading
  • Leverage up to 1:500 and no published negative balance protection

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • HYCM: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.
  • Wingo Markets: Trading derivatives and leveraged products involves a high level of risk and may not be suitable for all investors. Before trading, please ensure that you fully understand the risks involved and only trade with money you can afford to lose.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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