HYCM Bonus Program Review – All You Need to Know

As traders, our primary concern is to conserve our trading capital and grow it without taking any significant risks in the market. In reality, the FX market is all about high-volume trading and substantial volatility, which carries risks of heavy losses, alongside providing plenty of opportunities for retail traders to earn a considerable profit. In this regard, a Forex bonus can be a massively attractive proposition, where brokers give out free trading credits to supplement the trading capital.
One of the significant risks of bonuses in the market is its availability and its inverse relationship with regulation. We do find plenty of brokers online that offer handsome bonuses to its traders, but their regulatory status may be questionable. On the contrary, HYCM is a highly regulated broker that offers only a small bonus and a few trading benefits, in order to satisfy the demands of its customers. With regulatory licensed issued from the FCA of the UK (reference number: 186171), the CySEC, the DFSA of Dubai, the CIMA of Cayman Islands, and the IBC of the SVG, HYCM is often the pick of the lot for serious traders. However, on the flipside, HYCM bonuses are a bit low when compared to other bonus programs in the market. Our HYCM review will help you to understand the numerous trading benefits that are associated with depositing funds into the HYCM Forex brokerage account. While there aren’t many rewards to look forward to, the existing HYCM offers do provide a useful environment that should suit the average trader. These programs are especially convenient for traders who are serious about trading the Forex market the way it is supposed to be traded.

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10% Welcome Bonus
Up to
$5,000
Platforms & Mobile +
The desktop and mobile trading duties at HYCM are assumed by the MetaTrader terminals, which are available in the form of both the MT4 and the MT5 platforms.
Regulation & License +
HYCM’s licenses are issued by leading regulators such as the FCA of the UK, CySEC of Cyprus, CIMA of Cayman Islands, DIFC of Dubai, and the FSA of SVG.
Min. Deposit & Leverage +
The minimum deposit is only $20, but you want to obtain the bonus, you will have to deposit a minimum of $100. The maximum leverage for Forex products is 1:200.
Funding Options +
The deposit and withdrawal options range from the conventional bank wire transfer and Visa/Mastercard payments to e-wallets such as Skrill, NETELLER, and WebMoney.
Customer Care +
The Help Center at Henyep is one of the most customer-focused resources that help traders with addressing a majority of their concerns. The 24 hours live chat team is also available on call and can tend to your problem within five minutes.

What are the Different HYCM Bonus Offers & Rewards Programs?

HYCM is not a bonus-heavy broker, focusing instead on strict compliance with global regulators. Bonuses are only available through its Cayman Islands-regulated branch, HYCM Limited. European and UK entities do not offer promotions at this time.

HYCM Deposit Bonus

The HYCM’s deposit bonus program is really good

HYCM offers a 10% trading credit on deposits of $100 or more, up to a maximum of $5,000. The bonus can be claimed on multiple deposits as long as the total doesn’t exceed the cap. You must verify your account and meet trading requirements to qualify.

You need to trade 30 standard lots for every $1,000 bonus received. All trading requirements must be completed within 60 days. Failure to meet these terms may result in bonus reversal.

No Fees for Deposits or Withdrawals

HYCM does not charge fees on most deposit methods, with a minimum deposit of $20. For bank wires, fees are waived for deposits over $250. Withdrawals are free for amounts above $300 via bank wire, though bank or conversion fees may still apply.

For withdrawals over $5,000 via Skrill or Neteller, a 1% fee may be applied. This fee-free policy provides good value for most traders making regular transactions.

HYCM Invite Friends Bonus

The HYCM Invite Friends program is similar to a refer-a-friend scheme

HYCM’s Invite Friends program pays $200 per qualified referral. Your invite must verify their account, deposit $500, and trade 3 standard lots. Payouts are made on the 15th of the following month.

This is distinct from HYCM’s IB or Affiliate programs, which are designed for commercial partners. The Invite Friends offer is for casual users referring family or friends.

A Few HYCM Bonus Conditions You Should Know

  • Bonuses are only for accounts under HYCM Limited (Cayman Islands).
  • Users from restricted countries (e.g., the US) are not eligible.
  • Accounts must be verified within 14–21 days or may be deactivated.
  • Do not accept any bonuses unless you fully agree to the terms of business.
  • Bonus-related trading requirements must be met within 60 days.
  • HYCM’s decisions on promotions are final.

HYCM’s bonus program may seem modest compared to competitors, but the broker’s strength lies in its longstanding reputation, regulatory status, and client fund protection. While promotions are limited to its Cayman entity, they still offer good value for eligible traders seeking a reliable trading partner.

HYCM Bonuses FAQ

Can I receive a bonus from any of the HYCM properties?
No, the HYCM promotions and offers are only offered through HYCM Limited.
Does the broker offer the bonus, regardless of the funding method?
Yes, the promotions cover all deposit methods.
Is there any Loyalty Program or Cashbacks/Rebates?
No, the company used to provide a loyalty program, but it is no longer active.
Are there any minimum trading conditions for the promotional offer?
Yes, traders must complete 30 standard lots within 60 days for every $1000 free trading credits that are added to the account.
Can I withdraw the free trading credit?
No, the free trading credits cannot be withdrawn, but the profits made from them can be.