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HYCM Broker Review

FX Scouts By Jeffrey Cammack Updated: February 13, 2020
Overall Rating
4.09 / 5
Min. DepositUSD 100
Max. Leverage500:1
Min. Spread0.2 pips
RegulatorsCySEC,FCA,DFSA
Regulator Origin CySEC FCA DFSA
Broker TypeMarket Maker

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service

 

Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 100
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs38
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD
GBP / USD0.8
USD / JPY0.6

Company Details

Company nameHenyep Capital Markets (UK) Limited
Founded1977
Website Visit Website
TypeMarket Maker
RegulatorsCySEC,FCA,DFSA
Office locations Hong Kong, UK, Cyprus

Deposit & Withdrawal Methods

Supported Platforms for HYCM

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 4.09 / 5 4.09 / 5 3.78 / 5
Minimum DepositUSD 100AUD 100AUD 50
Regulation
CySEC CySEC
FCA FCA
DFSA DFSA
B.V.I FSC B.V.I FSC
CySEC CySEC
FCA FCA
ASIC ASIC
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, FuturesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Equities
Forex Pairs3850+47
Crypto Pairs51816
Read Full Review Read Full Review
Trust Rating 5 / 5 4 / 5 5 / 5
Trading Conditions 3.5 / 5 4.5 / 5 3 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 4 / 5 4.5 / 5 3 / 5
Education & Research 4 / 5 3 / 5 3 / 5
Assets Available 4.5 / 5 4.5 / 5 4 / 5
Customer Service 3.5 / 5 4 / 5 4 / 5
% Lose with this broker 74% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1400:1400:1
Spread0.2 pips0.9 pips1.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes No
Account Types
  • Classic (Standard)
  • Fixed (Standard)
  • Islamic Fixed
  • Raw (Standard)
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
  • Professional (Standard)
  • Standard (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4 MT4 etoro
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Skrill, Paypal
Trading Commission 8 USD / lot - Raw Account Fees Included in Spread Fees Included in Spread
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Overall Rating 4.09 / 5 4.09 / 5 3.78 / 5
Minimum DepositUSD 100AUD 100AUD 50
Regulation
CySEC CySEC
FCA FCA
DFSA DFSA
B.V.I FSC B.V.I FSC
CySEC CySEC
FCA FCA
ASIC ASIC
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, FuturesCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Equities
Forex Pairs3850+47
Crypto Pairs51816
Read Full Review Read Full Review
Trust Rating 5 / 5 4 / 5 5 / 5
Trading Conditions 3.5 / 5 4.5 / 5 3 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 4 / 5 4.5 / 5 3 / 5
Education & Research 4 / 5 3 / 5 3 / 5
Assets Available 4.5 / 5 4.5 / 5 4 / 5
Customer Service 3.5 / 5 4 / 5 4 / 5
% Lose with this broker 74% of retail investor accounts lose money when trading CFDs with this provider 71% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1400:1400:1
Spread0.2 pips0.9 pips1.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes No
Account Types
  • Classic (Standard)
  • Fixed (Standard)
  • Islamic Fixed
  • Raw (Standard)
  • Islamic
  • Professional (Standard)
  • Retail (Standard)
  • Professional (Standard)
  • Standard (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4 MT4 etoro
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Skrill, Paypal
Trading Commission 8 USD / lot - Raw Account Fees Included in Spread Fees Included in Spread

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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