HYCM — India
Key facts (8)
- Who actually onboards you
- HYCM Ltd
- Licence number
- 1442313
- Established
- 1977group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5
- Local funding
- Cards, bank wire, Skrill/Neteller, crypto; UPI/l
- Max leverage
- 500geo
- EURUSD
- 1.2 pipsgroup
This broker against the India middle (52 of 91)
| HYCM | India median | |
|---|---|---|
| Round turn, USD | 5.0 USD | 6.0 USD |
| Min deposit, USD | no data | 30.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | 1 to 7 working days hgroup | 48.0 h |
| EURUSD, standard | 1.2 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 1977group | 2008.0 |
| Platforms | 2 | 3 |
Accepts residents of India
Through an offshore entity
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
HYCM Ltd
Offshore entity
Indian clients served under offshore HYCM Ltd (Cayman Islands).
Public rating and its base
Round turn against the local middle (52 of 91)
raw+commission
Getting money out
From the entry account upwards
Fixed, Classic, Raw, VIP; min deposit USD 100.
Terminals, markets, instrument counts (2)
MT4 · MT5
FX, indices, commodities, shares, crypto CFDs.
What works and what to watch
Pros (2)
- Round turn 5.0 USD against a India median of 6.0
- Swap-free account available
Cons (3)
- No local licence: the client is onboarded by a foreign entity
- No public review-platform rating, so the review axis is absent
- Minimum deposit for this country not published
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
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 (2)
Checked: 2026-07-09
FAQ (5)
Does HYCM accept residents of India?
Through an offshore entity.
Which entity onboards a India client of HYCM?
HYCM Ltd
What licence does HYCM hold for India?
Licence 1442313.
What does one EURUSD lot cost at HYCM?
5.0 USD per round turn against a India median of 6.0 USD, measured on 52 of 91 brokers.
How long does a withdrawal from HYCM take?
1 to 7 working days hours as published. 1 to 7 working days