Reviewed broker: HYCM (Henyep Capital Markets), previously known as HYMarkets

Operated by Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Ltd, Henyep Capital Markets (DIFC) Limited and HYCM Limited.

Regulation: Financial Conduct Authority FCA UK, Cyprus Securities and Exchange Commission Cysec, Cayman Islands Monetary Authority CIMA, Dubai Financial Services Authority DFSA, Saint Vincent and the Grenadines VGFSA

Location: UK, Hong Kong, Cyprus, United Arab Emirates

Market maker: yes

ECN / STP: no

Trading instruments: CFDs for Currencies, Stocks, Indices, Commodities and Cryptocurrencies at your service on one trading account. 

International Financial Markets Awards

  • Most Trusted Broker 2023 | UAE
  • Most Transparent Forex Broker 2023
  • Best Forex Broker 2022 | Middle East
  • Best Multi-Regulated Forex & CFD Provider 2022 | UAE

Trading Conditions and Features

With HYCM you can trade forex, metals such as gold and silver, energy products such as oil and gas, commodities, indices and stocks, all from a single integrated account.

HYCM offers its clients both live and demo accounts with a choice of different account types according to individual requirements.

We also offer special accounts for VIP and Corporate clients who actively trade larger volumes. All our trading accounts offer some of the best trading conditions in the industry. 

FIXED Fixed Spreads From 1.8 pips No Commission

Min. Deposit$100
EA availableNo
Min. Trade Volume0.01
Islamic AccountYes

CLASSIC Variable Spreads From 1.2 pips No Commission

Min. Deposit$100
EA availableYes
Min. Trade Volume0.01
Islamic AccountYes

RAW Raw Spreads From 0.2 pips + $4 per round

Min. Deposit$200
EA availableYes
Min. Trade Volume0.01
Islamic AccountYes

Trading Platforms

World-Class Platform Technology

MetaTrader 4 (MT4) is the most widely used electronic trading platform and has been adopted as the financial market standard thanks to its cutting-edge technology.

The platform offers many opportunities to traders of all skill levels, together with advanced technical analysis, flexible trading systems and Expert Advisors, as well as mobile trading applications.

Leading MT5 Technology

MetaTrader is the most widely used electronic trading platform and has been adopted as the financial market standard thanks to its cutting-edge technology and suitability for traders of all skill levels.

MetaTrader 5 is a powerful multi-functional, multi-asset platform featuring advanced technical analysis, fundamental analysis, flexible trading systems and compatibility with automated trading applications (trading robots, Expert Advisors).

MT5 offers additional timeframes and services, including 21 timeframes, 6 types of pending orders, and an integrated fundamental economic calendar.

Payment Methods for Deposit and Withdrawal

Minimum deposit requirement: $20

Payment methods: credit cards, wire transfer, Skrill, webmoney 

Customer Representatives 

Customer support: email, call back, phone, online chat

Popular Questions Answers about HYCM Forex Broker

Is HYCM regulated?

Yes, HYCM is a trustworthy company that has been operating for over 40 years and is regulated in multiple jurisdictions. HYCM is a safe and secure way to trade forex and CFDs. The company and its subsidiary are regulated by the Cyprus Securities Exchange (CySEC) and the Financial Conduct Authority (FCA)

What products can I trade with HYCM? 

HYCM offers forex, CFDs and metal trading. 

How do I open a live account with HYCM? 

Just follow the 3 basic steps of the Account Opening Procedure and you will be able to start trading within 5 minutes.  

How do I fund my account?

HYCM offers you multiple methods so you can select the desired payment method and fund your account.

Is trading with HYCM secure? 

The HYCM trading platform is designed to meet the rigorous security standards of international financial and banking institutions. Throughout our 30 years of operation, the Group has always put client’s information security as first priority.

Is HYCM regulated forex broker? 

HYCM is regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) and is required to work within strict accounting and risk management frameworks under regular FCA and CySEC scrutiny. All capital not being used for margin purposes will be fully segregated into a special client account which is kept separate from HYCM company funds. 

How was the rating of HYCM performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on HYCM FX broker performance and features. 

Overall our online HYCM review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online HYCM or you find inaccurate details HYCM broker review please get in touch with us and the changes will be applied.  

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