HYCM — South Africa
Key facts (8)
- Who actually onboards you
- HYCM Ltd
- Licence number
- 1442313
- Established
- 1998group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5
- Local funding
- Cards, bank wire, Skrill/Neteller, crypto; local
- Max leverage
- 500geo
- EURUSD
- not priced
This broker against the South Africa middle (60 of 104)
| HYCM | South Africa median | |
|---|---|---|
| Round turn, USD | 5.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 1998group | 2009.5 |
| Platforms | 2 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (5/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
HYCM Ltd
Offshore entity
SA clients served under offshore HYCM Ltd (Cayman, CIMA); some sources cite a St Vincent & the Grenadines (SVG FSA reg. 25228) registration.
Cost per round turn, and the South Africa middle (60 of 104)
raw+commission
The numbers across South Africa
Round-turn cost, USD (60 of 104)
Median 7.0 · Range 1.5–20.0 USD
Minimum deposit, USD (36 of 104)
Median 50.0 · Range 0.0–1000.0 USD
What each account gives you
Fixed, Classic, Raw, VIP; min deposit USD 100.
What the broker publishes about payouts
Reviews
HYCM is rated "Great" with 3.8 / 5 on Trustpilot
Trading software and asset classes (2)
MT4 · MT5
FX, indices, commodities, shares, crypto CFDs.
Trading profits and South Africa tax
SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres
Where it wins, where it loses
Pros (2)
- Round turn 5.0 USD against a South Africa median of 7.0
- Swap-free account available
Cons (3)
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
- Minimum deposit for this country not published
The rest of the shortlist in South Africa (6)
Where it does not serve
no data
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (3)
Checked: 2026-07-09
- hycm.com domain
- fxscouts.co.za domain
- cima.ky domain
FAQ (4)
Does HYCM accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of HYCM?
HYCM Ltd
What licence does HYCM hold for South Africa?
Licence 1442313.
What does one EURUSD lot cost at HYCM?
5.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.