HYCM is part of the Henyep Gold dealers which started operation in 1977.HYCM established more than 25 offices abroad after its inception and in 1998; the Henyep Investment got their license to the extent their services to their UK traders. The FCA license came into effect in 1998. In 2007, their first online trading platform was launched in the United Kingdom. 2014 was another milestone for this broker after they got their CySEC License from Cyprus and finally in 2018 HYCM got another license from CIMA (the Chartered Institute of Management and Accounting. HYCM is a Forex and CFD broker which is authorized and regulated by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
HYCM offers a variety of trading accounts to match every trading style and all level experience. Whether you’re a novice, professional or corporate trader, the broker has done rigorous work in making sure that clients find the type of account that will suit them during their time with them. The broker (HYCM) offers 3 different types of trading account, namely:
1. HYCM Fixed Account, which basically comes with a minimum deposit of $100, a fixed spread of 1.8pips and there is no commission while trading with this particular account type.
2. HYCM Classic Account that comes with a variable spread a minimum deposit of $100, a minimum trade volume of 0.01, and a commission-free account.
3. HYCM RAW Account is another type of account that is been offered by this broker, with a spread of 0.2 pips, an initial investment of $200, a minimum trade volume of 0.01.
The broker also offers Islamic swap-free trading accounts and demo trading accounts. Users can trade on the MT4 and MT5 trading platform for desktop, web, and mobile trading applications. HYCM also offers a variety of trader research and education tools which include live seminars and workshops and article-based and video-based marketing research and education.
The same medium of investment will also be the medium whereby clients are to make withdrawals from their trading account. So if your investment was made through Skrill, this will also be the means that your funds will be withdrawn from HYCM.
In 2019, they were awarded as the Best Forex Broker by Global Brand Magazine (GBM). Best Forex Broker, Europe for 2018. They received the World Finance Forex Award in the Middle East in 2017 and many more which you can find in the award section of the broker's website.
HYCM is regulated by two of the world’s leading financial regulatory body. Clients can rest assured that they are trading with a safe and secure company.
There are TWO (2) main trading platforms that HYCM offers to their esteemed clients; they are the MT4 and MT5 Trading platform.
A lot of tradable assets have been provided by HYCM, traders have the ability to trade on more than 100+ instruments covering Forex, Stocks, Commodities, Indices, and Cryptocurrency CFDs.
Spreads, commissions, and overnight funding rates might vary depending on the instrument being traded, and the account type a client chose to trade on.
You can also have a VIP account with HYCM which comes with a dedicated account manager, comprehensive market analysis, and better spreads.
The minimum deposit with HYCM varies depending on the type of account a trader chose to trade on. The raw spread account is the only account that has a minimum investment of $200, the other two ( FIXED SPREAD AND CLASSIC) come with a minimum deposit of $100 each.
You can invest with HYCM through the following means:
The means of investment is always the means by which HYCM will return clients fund, the withdrawal method include:
Account opening with HYCM is very simple. Visit www.hycm.eu. You will have to fill in your First name and Last name with an email address and a mobile number, and then click on next where you just have to complete additional information and your trading live account will be created instantly.
There are ranges of cutting-edge educational tools designed to develop your trading skill and also boost your knowledge of the financial market. As an HYCM client, you have access to their unlimited educational material which are categorized in three different sections:
HYCM has a 24/5 customer on weekdays. These can be through the following means.
General inquiries will be directed to email@example.com (24/5) +357 - 2524 - 5751
Account Opening desk, firstname.lastname@example.org (24/5) +357 - 2524 – 5751
For any form of complaint, you can reach broker at email@example.com (24/5)
Client support is available in the following languages
Fully regulated by CySEC and FCA
No clients from this region will be allowed to have an account with HYCM Afghanistan, Albania, Barbados Belgium, Botswana, Cambodia, Canada (British Columbia, Quebec, Saskatchewan) France, Ghana, Hong Kong, Iceland, Iran, Iraq Jamaica, Japan, Lao PDR Mauritius Mongolia Myanmar Nicaragua North Korea Pakistan, Panama, Sudan, Syria, The Bahamas, Turkey, Uganda, USA, Vanuatu Yemen, Zimbabwe.
There are no bonuses offered for EU clients since it goes against the Markets in Financial Instrument Directive (MiFID). There might be bonus offers for clients outside the EEA once deposit has been made into clients trading account. Find out more about their bonuses.
HYCM is a great financial institution that has been operating for the last 40 years. It’s a platform that gives both novice and professional traders to create a trading account. With their regulation and license from FCA and CySEC, this shows you that the fund of everyone trading with them is protected with great care.