Website

Visit Broker

Platforms

Platforms: MT4 and MT5 (for now)

Founded

1977

Demo Account

YesOpen Demo Account

Regulated by

CIMA, CySEC, DFSA, FCA

Leverage

1:500(1:30 for EU clients)

Min Deposit

from $100

Customer Support

Yes

Rating

Contact

info@hycm.com +44 - 208 - 816 – 7812

Country

International
With 40 years of experience in the high powered and extensive forex market, HYCM has stood tall offering a premium trading experience to users. The establishment of this company came into effect in 1977, so HYCM has been in operation for over 4 decades, delivering a comprehensive range of products and services in order to deliver a first class trading experience for beginner and experienced traders.
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 official website of HYCM is www.hycm.com. The maximum leverage offered by this broker is 1:500 and this is only applicable to non-European traders. For a trader within the EEA (European Economic Area), the maximum leverage is 1:30. There is also an opportunity for you to access a demonstration account that will be funded with a virtual currency. This is to encourage both new and old clients to practice and form a strategy for themselves. So a Demo is been offered by them. People can invest using the following means: Credit Card (Visa/Master Card), Neteller, Skrill. Depositing through this means will roughly take a maximum of 1 hour for this fund to reflect in your trading account. While the Bank Wire might take roughly 1 to 7 working days for this fund to reflect in your account. NOTE: THERE IS ZERO DEPOSIT FEE AND YOUR FUNDS ARE PLACED IN A SEGREGATED ACCOUNT WITH A Tier-1 Banks, and there is no commission on trades.
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.

HYCM has received more than 15+ different awards since the inception of the company.
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.

  • Henyep Capital Markets (UK) Limited is authorized and regulated under the Financial Conduct Authority with reference number 186171.
  • HYCM Ltd is authorized and regulated under the Cayman Islands Monetary Authority under reference number 1442313.
  • Henyep Capital Markets (DIFC) Limited is authorized and regulated by the Dubai Financial Services Authority with license number 000048.
  • HYCM (Europe) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 259/14.
  • HYCM Limited is an International Business Company registered in Saint Vincent and the Grenadines with registration number 25228 (IBC 2018).
  • There are TWO (2) main trading platforms that HYCM offers to their esteemed clients; they are the MT4 and MT5 Trading platform.

  • MT4 PLATFORM: MetaTrader 4 (MT4) is the most widely used electronic trading platform and has been adopted as the forex market standard. The platform offers many opportunities for traders of all skill levels, together with an advanced technical analysis, flexible trading system, and an expert advisor from HYCM and a great mobile trading application.
  • MT5 PLATFORM: 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.
  • HYCM WebTrader: This is a globally recognized MetaTrader for both MT4 and MT5 which has a lot of benefits. This means you can easily trade with your computer once you are connected to the internet. You will be able to view more than 30 technical indicators and many more.
  • 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.

  • 17+ commodities
  • 28+ Indices
  • More than 13 Cryptocurrency CFD are offered.
  • 10+ stocks.
  • 60+ forex pairs.

  • Spreads, commissions, and overnight funding rates might vary depending on the instrument being traded, and the account type a client chose to trade on.

    Here is the list of Account provided by HYCM:

  • Fixed Spread Account: This account has a minimum deposit of $100, a fixed spread of 1.8 PIPS, and does not support come with an EA (Expert Advisor), has a minimum trading volume of 0.01 and it does support an Islamic Account.
  • Classic Account: This has a variable spread 1.2 PIPS, there is no commission on your trade if you have this account type, comes with a minimum deposit of $100, and EA is provided, the minimum trade volume of 0.01 and an Islamic account.
  • Raw Spread Account: The Raw account which HYCM provides for is clients can be opened with a minimum investment of $200, the spread of 0.2 PIPS; an EA is available for anyone who chooses to open a Raw Spread Account with a broker. The minimum trade volume is 0.01 and an Islamic Account.

    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:

  • Visa card
  • Master card
  • Neteller
  • Skrill
  • Bank Wire
  • The means of investment is always the means by which HYCM will return clients fund, the withdrawal method include:

  • Bank Wire
  • Master Card
  • Visa Card
  • Neteller
  • Skrill
  • 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:

  • Forex Education: This section comprises of trading tools, MT4 videos, Tutorials, trading strategies, eBooks, and beginner courses.
  • Webinars and Workshop: This section is for those who will like to participate in HYCM webinars and workshops where a highly knowledgeable tutor will be presenting general information regarding the topic for that week. You can join the webinars by filling up your First and Last name, email, mobile number. Once you fill this information’s in, accept the privacy policy, and click on register now.
  • Seminars: Remember that education is a powerful tool and HYCM pride themselves with the type of seminars that they have used to educated traders. This was designed to equip traders with practical knowledge and set their clients on a fast track towards achieving their financial goals.
  • HYCM has a 24/5 customer on weekdays. These can be through the following means.

  • Live Chat
  • Emails
  • Telephone

  • General inquiries will be directed to info@hycm.com (24/5) +357 - 2524 - 5751
    Account Opening desk, accounts@hycm.com (24/5) +357 - 2524 – 5751
    For any form of complaint, you can reach broker at complain@hycm.com (24/5)

    support@hycm.com Client support is available in the following languages

  • English
  • Russia
  • Chinese
  • Arabic
  • Italian
  • Spanish
  • Portuguese
  • Lithuanian.
  • Fully regulated by CySEC and FCA

  • Commission free account
  • MT4 and MT5 trading platform both for web and mobile.
  • 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.