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HYCM in Mexico — review, licence and costs
Score (5 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%40
- Round-turn cost20%100
- Payouts15%80
- Track record10%no data
- Platforms10%65
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Undisclosed global entity
- Founded
- 1977
- Retail leverage
- 30 group
- Round turn
- 5 USDMX
- Currencies
- USD EUR GBP AED JPY
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with HYCMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Mexico residents
- Undisclosed global entity
- Local standing
- Multi-regulated globally
- Licence as the register states it
- Not Mexico-specific
- Leverage for this entity
- Global default up to 1:30
- The firm behind it
- Founded 1977 London
- What we hold against it
- No Mexico-specific flags
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Mexican residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youMulti-regulated globally
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Mexico market median(priced from 71 of 75)
Medians run over the 71 of 75 brokers that publish a price for Mexico, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Fixed Classic Raw. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Cost calculator (median of 71 priced of 75)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a MXN conversion because the exchange rate is not part of our data.
Where HYCM sits in the Mexico base(75 brokers)
Round-turn cost, USD (71 of 75 priced)
Median 7 USD · range 1.5-20 · this broker 5 USD · 4 of 75 brokers do not publish it
Minimum deposit, USD (3 of 75 priced)
Median 50 USD · range 5-100 · 72 of 75 brokers do not publish it
Retail leverage (52 of 75 with a Mexico figure)
Median 1:1000 · range 50-10000 · this broker 1:30 · 23 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
Not specified for Mexico
- Account currency
- USD EUR GBP AED JPY
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(9 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- HYCM app
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.2 |
| MT5 | — | 1.2 |
| HYCM app | — | 1.2 |
| All instruments | 300+ | — |
Identical for every row: Leverage 30 MX.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.8 | 191 |
Share of reviewers in Mexico: — The platform does not publish it.
Pros and cons(5 for and 3 against, each tied to a figure on this page)
- Round turn 5 USD on the raw + commission basis, under the Mexico median 7
- Withdrawal in 24 h, one of 73 of 75 brokers here that publish a time
- Swap-free account available
- Round-turn cost 100 of 100, its strongest of 5 scored axes
- 3 platforms: MT4, MT5, HYCM app
- No Mexico authorisation on file: the entity that onboards you is licensed elsewhere
- Reviews 40 of 100, its weakest of 5 scored axes
- Not scored on safety: the broker publishes no figure we could read
Alternatives in Mexico(5 of 75 scored in Mexico)
- Round turn, USD
- 6MX
- Min deposit, USD
- 100 groupMX
- Leverage
- 500MX
- Rank in this country
- #1
- Round turn, USD
- 4.5MX
- Min deposit, USD
- 0 groupMX
- Leverage
- 500MX
- Rank in this country
- #2
- Round turn, USD
- 6MX
- Min deposit, USD
- 100 groupMX
- Leverage
- 1000MX
- Rank in this country
- #11
- Round turn, USD
- 5MX
- Min deposit, USD
- 50 groupMX
- Leverage
- 500MX
- Rank in this country
- #5
- Round turn, USD
- 9MX
- Min deposit, USD
- 100 groupMX
- Leverage
- 400 group
- Rank in this country
- #6
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Mexico score. Full methodology
| Axis | Weight | What is measured | HYCM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 40 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | — |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 65 |
FAQ
- Does HYCM accept residents of Mexico?
- No. Multi-regulated globally Onboarding entity: Undisclosed global entity
- Is HYCM licensed to serve clients in Mexico?
- Not Mexico-specific Checked on 11.10.2026.
- How much does one round turn cost at HYCM?
- About 5.0 USD per standard lot on EUR/USD. The median across brokers measured for Mexico is 7.0 USD.
- What leverage does HYCM offer to retail clients in Mexico?
- Up to 1:30. Global default up to 1:30
- Which trading platforms does HYCM support?
- MT4, MT5, HYCM app. Instruments: Forex CFDs stocks crypto
- How can I withdraw money from HYCM in Mexico?
- Not specified for Mexico
- What account types does HYCM offer?
- Fixed Classic Raw
- Does HYCM offer a swap-free (Islamic) account?
- Yes. HYCM offers a swap-free (Islamic) account to Mexico residents.
Taxes for a Mexican resident(1 rule)
- Trading gains are taxable in Mexico and should be reported to SAT.https://www.digitalbanknetworks.com/partners/hycm/mexico-city
Not tax advice. Check with the SAT.