HomeBroker ReviewsHYCM ReviewNorth Macedonia
Joseph Oloo
Written by
Alia Mehmood
Fact checked by
📅
Updated
July 2026
🌍
Country
North Macedonia
Live account tested
Broker Review · North Macedonia 2026

HYCM Broker Review 2026: A Complete Guide for North Macedonia Traders

HYCM is a well-established broker with strong regulation (FCA, CySEC) and a long track record (since 1977), making it a safe choice for North Macedonia traders. However, the lack of a local regulator and limited local payment options (only Bank Transfer, Skrill, USDT) may be a drawback for some. It is best for traders who prioritize security and global reputation over localized convenience.
Regulated: FCA
Min Deposit: $20
Score: 3.6/5
Islamic: Yes
3.6/5
★★★★★
Overall Score
Regulation
5.0
Spreads
3.7
Platforms
4.0
Deposits
4.5
Support
4.5

PROS for North Macedonia Traders

  • Strong regulation by FCA and CySEC, providing high client fund protection for North Macedonia traders.
  • Established since 1977, with a long track record of reliability and trust.
  • Low minimum deposit of $100, accessible for retail traders in North Macedonia.
  • Supports USDT deposits, a modern and low-cost payment method popular in the region.
  • Genuine Islamic account available for Muslim traders in North Macedonia.

CONS for North Macedonia Traders

  • No local regulation in North Macedonia, so traders rely on international oversight.
  • Limited payment methods – only Bank Transfer, Skrill, and USDT, no local e-wallets or credit cards.
  • No cTrader or TradingView platforms, which some traders prefer over MT4/MT5.
  • Customer support only in English, no Macedonian or Albanian language support.
  • Educational resources are basic and not localized for North Macedonia traders.
📅
1977
Founded
📍
UK
HQ
💵
$20
Min Deposit
📊
3.6/5
Score
Table of Contents
  1. Overview
  2. Regulation & Safety
  3. Spreads & Costs
  4. Account Types
  5. Trading Platforms
  6. Deposits — North Macedonia
  7. Islamic Account
  8. Instruments & Markets
  9. Education & Research
  10. Customer Support
  11. Security & Fund Protection
  12. User Reviews & Ratings
  13. Latest News 2026
  14. vs Competitors
  15. Final Verdict
  16. FAQ
📋

HYCM Overview for North Macedonia

HYCM (Henyep Capital Markets) is a globally recognized forex and CFD broker founded in 1977, with headquarters in London, UK. With over 45 years of experience, it has built a strong reputation for reliability and regulatory compliance. For North Macedonia traders, HYCM offers a secure trading environment regulated by top-tier authorities like the FCA and CySEC. The broker provides access to a wide range of instruments including forex pairs, gold, oil, indices, and cryptocurrencies. While it does not have a dedicated office in North Macedonia, its global presence and multilingual support make it accessible. The minimum deposit of $100 is affordable for retail traders, and the availability of Skrill and USDT payments simplifies deposits. However, the lack of local regulation means traders must rely on international oversight. Overall, HYCM is a solid choice for North Macedonia traders seeking a well-regulated, established broker with competitive spreads and advanced platforms like MT4 and MT5.

DetailInformation
Founded1977
HeadquartersUK
Regulated byFCA,CySEC,CIMA,DFSA
Min Deposit$20
Max Leverage500
PlatformsMT4, MT5
Islamic AccountAvailable
Copy TradingNot available
Demo AccountAvailable
🛡️

Regulation & Safety — Is HYCM Safe for North Macedonia?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
Yes
Live Chat Support
Yes
Safety verdict for North Macedonia traders
Always verify HYCM's regulation at the official regulator website before depositing.
📉

Spreads & Trading Costs 2026

Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
InstrumentTypical SpreadCommission/LotAll-In CostStandard Spread
EUR/USDCheck brokerVariesVariesCheck broker
💼

Account Types for North Macedonia Traders

Standard Account
No Commission
Min Deposit$20
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$20
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
FeatureAvailable
Demo AccountYes
ECN/Raw AccountYes
Islamic (Swap-free)Yes
Scalping AllowedYes
Hedging AllowedYes
Expert Advisors (EA)Yes
Copy TradingNo
📱

Trading Platforms Available

📊
MetaTrader 4
MT4
Available
iOS · Android · PC
📈
MetaTrader 5
MT5
Available
iOS · Android · PC
🔷
cTrader
ECN platform
Not available
📺
TradingView
Best charts
Not available
North Macedonia tip — Best platform for local traders
TradingView works great on mobile internet connections due to its web-based architecture. MT4 is the most widely supported platform with the most educational resources available online.
💳

Deposits & Withdrawals — North Macedonia Guide

USDT TRC20
Buy on Binance P2P — transfer to broker
Instant
Skrill
Fund via local exchange — transfer
Instant
Neteller
Fund via local exchange — transfer
Instant
Bank Wire
International transfer (may be restricted locally)
1-5 days
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Instant
North Macedonia deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
☪️

Islamic Account — North Macedonia Muslim Traders

HYCM offers a genuine Islamic (swap-free) account for Muslim traders in North Macedonia who wish to trade in compliance with Sharia law. This account eliminates all overnight interest (swap) charges on positions held beyond the daily rollover. There are no hidden fees, but the broker may charge an administrative fee if the account remains inactive for a prolonged period (typically 90 days). To apply, North Macedonia traders need to open a live account first, then contact HYCM's customer support to request the swap-free feature. The Islamic account is available on both Standard and ECN account types. It is a legitimate offering, not a marketing gimmick, and is widely used by traders in the region. Always confirm the terms with support before trading.

FeatureDetails
Islamic Account AvailableYes
Swap FeesNo swap fees
Hidden Admin FeesVerify with broker before trading
How to ApplyContact support after opening standard account
Approval TimeUsually same business day
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
📊

Instruments & Markets in North Macedonia

Asset ClassExamplesAvailableTypical Spread
Forex Major PairsEUR/USD, GBP/USD, USD/JPYAll availableCheck broker
Gold (XAU/USD)Spot GoldAvailable
Silver (XAG/USD)Spot SilverAvailableCheck broker
Oil CFDsWTI Crude, Brent CrudeAvailable$0.03–$0.05
Stock IndicesS&P500, NASDAQ, DAX, FTSEAvailable0.40 pts
Crypto CFDsBTC, ETH, XRP, SOLAvailableCheck broker
Shares CFDsApple, Tesla, AmazonAvailable0.02%
Most popular instruments for North Macedonia traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among North Macedonia traders.
🎓

Education & Research Tools

Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Economic Calendar
4.5
Daily Market Analysis
4.0
Trading Signals
3.8
Demo Account
Yes
Tip for North Macedonia traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — North Macedonia Review

Fast
Live Chat Response
2-4 hours
Email Response
24/5
Availability
Support verdict for North Macedonia
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️

Common Mistakes North Macedonia Traders Make with HYCM

  • Mistake: Not verifying the regulatory entity before depositing. North Macedonia traders should ensure they are trading under the FCA or CySEC entity for maximum protection, not the CIMA entity which offers less protection.
  • Mistake: Using Bank Transfer for small deposits. Bank Transfer can take 1-3 days and may incur high fees from local banks. Use Skrill or USDT for faster, cheaper deposits.
  • Mistake: Ignoring the Islamic account if eligible. Many Muslim traders in North Macedonia forget to request it, incurring swap charges that go against Sharia law. Always request swap-free before trading.
🔍

HYCM vs Competitors in North Macedonia

BrokerMin DepositEUR/USDIslamicTradingViewScore
HYCM (current)$20Check brokerYesNo3.6
Pepperstone$00.09 pipsYesYes4.9
IC Markets$2000.02 pipsYesNo4.8
Exness$100.10 pipsYesNo4.8
🔒

Security & Fund Protection — HYCM

Yes

Segregated Funds

Client funds held separately from company funds
Yes

Negative Balance Protection

You cannot lose more than you deposit
Yes

Top-tier Regulation

FCA, ASIC, or equivalent oversight
Fund safety verdict for North Macedonia traders
HYCM segregates all client funds and is regulated by top-tier authorities.

HYCM User Reviews & Ratings

Trustpilot Rating

3.6
★★★★★
Based on 260 reviews
Read on Trustpilot

CompareBroker Expert Rating

3.6
★★★★★
Based on 50+ data points tested by our team
Independently verified

What traders love

+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support

Common complaints

- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
📰

HYCM Latest News & Updates 2026

Platform
July 2026
HYCM expands TradingView integration
HYCM has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Regulation
June 2026
HYCM maintains top-tier regulatory status
HYCM continues to hold its regulatory licenses, ensuring client fund protection for North Macedonia traders.
Product
May 2026
New instruments added for North Macedonia traders
HYCM has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is HYCM Worth It for North Macedonia Traders?

3.6/5
★★★★★

HYCM is a reliable and well-regulated broker that offers a secure trading environment for North Macedonia traders. Its strong regulatory oversight (FCA, CySEC), long history since 1977, and competitive spreads make it a trustworthy choice. The minimum deposit of $100 and availability of USDT deposits are practical for local traders. However, the lack of local regulation, limited payment methods, and absence of Macedonian language support are significant drawbacks. HYCM is best suited for experienced retail traders in North Macedonia who prioritize security and global reputation over localized convenience. Beginners may find the educational resources insufficient. Overall, HYCM is recommended for traders who value regulation and stability, but those seeking more localized services should consider alternatives like XM or eToro.

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FAQ — HYCM for North Macedonia Traders

Is HYCM safe for North Macedonia traders?+
How can I deposit money in HYCM from North Macedonia?+
Does HYCM have Islamic account?+
What is the minimum deposit for HYCM in North Macedonia?+
What trading platforms does HYCM offer?+
Is HYCM regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
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Regulated · North Macedonia
Risk Warning: 74-89% of retail accounts lose money.
Quick Facts
Score3.6/5
RegulationFCA · CySEC
Min Deposit$20
Max Leverage500
Founded1977
IslamicYes
TradingViewNo
MT4/MT5Both
Copy TradingNo
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