HYCM Overview
| Website | hycm.com |
| Year Founded | 1977 |
| Countries of Registration | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Website Languages | English, Persian, Swedish, Polish, German, Czech, French, Arabic, Italian, Spanish, Russian, Traditional Chinese, Vietnamese, Japanese, Simplified Chinese |
| Regulators | FCA, CySEC, CIMA, SVGFSA, DFSA |
| Broker Type | STP |
| Dealing | A-book |
| Minimum Deposit | $100 |
| Account Currencies | USD, EUR, GBP, AED |
| Spread | average |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Trading Assets | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
Brief look at HYCM
HYCM (formerly Henyep Capital Markets) is a multi-asset forex and CFD broker with more than four decades in the industry and a trio of top-tier licences from the FCA (UK), CySEC (EU) and DFSA (UAE). Traders can choose between fixed- or variable-spread accounts on MetaTrader 4 and MetaTrader 5, accessing 1 ,300+ instruments that cover currencies, stocks, indices, commodities and cryptocurrencies. With minimum deposits from just 100 USD, leverage up to 1 : 500 (region-dependent) and a rich catalogue of webinars, e-books and market reports, HYCM appeals to both first-time traders and seasoned professionals looking for tight pricing under a strong regulatory umbrella.
Pros
- Strong regulation from FCA, CySEC and DFSA with segregated client funds
- Choice of Fixed, Classic or Raw accounts—spreads from 0.0 pips on Raw or zero-commission Fixed pricing
- Full support for MT4 and MT5 on desktop, web and mobile
- 1 ,300+ tradeable instruments spanning forex, stocks, indices, commodities and crypto
- Extensive educational suite: weekly webinars, video tutorials and downloadable e-books
- Fast funding and withdrawals via cards, e-wallets and local bank transfers
Cons
- No proprietary platform or integrated copy-trading/social-trading tools
- Raw account carries a commission of 4 USD per lot per side, which may deter micro-lot traders
- High-tier research tools (Trading Central, Autochartist) gated behind larger deposits or higher trading volume
- Cryptocurrency deposits not supported, limiting funding flexibility for some clients
Is HYCM available in my country?
We just checked and
HYCM doesn't accept clients from United States!
Your capital is at risk
HYCM Reviews
Quick review after two months live: sign up was instant, the minimum deposit of $100 fit my budget, and first login to MT5 via the mobile app was seamless. Spreads on major forex pairs stay razor-thin, leverage up to 1:500 lets me scale trades, and withdrawal time to my bank has never exceeded 24 h.
3/10/2025I started on a demo account to test both MT4 and MT5 and the download was light. This broker offers solid account types, fast execution and a 36 h withdrawal time to Skrill. One star off because spreads widen during high-volatility trading sessions, but overall a good review.
4/1/2025My review: HYCM’s Raw account gives ECN-style spreads plus a rebate bonus that offsets commission costs. Different account types suit any trading style, and their web app makes portfolio management easy. I just wish the platform added more crypto pairs.
2/18/2025Honest review here: the broker is reliable, but during NFP I noticed slippage and wider spread. Login on desktop MT4 is stable, yet one withdrawal time stretched to 48 h. Decent leverage and customer support, but I expected a bigger welcome bonus for new customers.
1/25/2025Signed up with the Standard account and later switched—thanks to flexible account types. Download of the HYCM app was quick, and login syncs all sessions. Tight spreads and a small rebate on volume trades keep costs low, making this review a positive one overall.
5/8/2025Leave a Review
Is HYCM regulated?
| Companies | HYCM Capital Markets (UK), HYCM (Europe) Ltd, HYCM Ltd, HYCM Capital Markets (DIFC) Limited |
| Countries | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Regulators | FCA, CySEC, CIMA, SVGFSA, DFSA |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Investor Protection Size | £85 000 / €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
HYCM Account Types
| Property | Classic | Raw | Fixed |
|---|---|---|---|
| Deposit | $100 | $200 | $100 |
| Lot Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Spread Type | Floating | Floating | Fixed |
| Execution | Market | Market | Market |
| Min Spread | 1.2 pips | 0.1 pips | 1.5 pips |
| Fee | No | $8 per 1 lot | No |
| Max Leverage | 1:500 | 1:500 | 1:5000 |
| Stop Out | 50% | 50% | 50% |
| Margin Call | 100% | 100% | 100% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
HYCM Funding and Fees
| Base currencies | USD, EUR, GBP, AED |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, BTC (Bitcoin) |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
HYCM Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Execution Speed | 12 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
HYCM Trading Assets
| Currencies | 72 |
| Indices | 27 |
| Stocks | 1080 |
| Cryptocurrencies | 28 |
| Bonds | 0 |
| Metals | 5 |
| Energies | 3 |
| Soft Commodities | 4 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
HYCM Support
| [email protected] | |
| Phone | +442088167812 |
| YouTube | YouTube |
HYCM vs Competitors
| Features | HYCM | IC Markets | Exness | XTB | XM | FBS |
|---|---|---|---|---|---|---|
| Type | STP | ECN, DMA | MM, STP, ECN | MM | MM | STP |
| Minimum Deposit | $100 | $200 | $10 | $1 | $5 | $5 |
| Regulators | FCA, CySEC, CIMA, SVGFSA, DFSA | SFSA, ASIC, CySEC, CMA | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | BFSC, KNF, AMF, ACPR, FCA, CNMV, DFSA, BaFin | BFSC, CySEC, ASIC, DFSA | BFSC, CySEC, ASIC, FSCA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | xStation | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader |
| Spread | average | low | low | average | low | low |
| Leverage | 1:500 | 1:500 | 1:2000 | 1:500 | 1:1000 | 1:3000 |
| Assets | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies |
