HYCM Review

FX Author By Jeffrey Cammack Author Information Updated: May 12, 2020
Overall Rating
4.09 4.09 / 5
Min. DepositUSD 100
Max. Leverage500:1
Min. Spread0.2 pips
Regulators CySEC,FCA,DFSA
Regulator Origin CySEC FCA DFSA
Trading Desk Type

Summary

HYCM is a large, well-regarded and long-established market maker with over 40 years experience in the Forex industry.

The fact that HYCM is part of a larger financial services group provides an additional level of security for its customers. Trading conditions are good and deposit and withdrawals are best in class. Educational material available is comprehensive and well-structured and the offering of both MetaTrader platforms broadens its appeal. Overall, HYCM is a quality broker for both new and experienced traders.

Reviews

Regulation 11111
Trading Conditions 1110.50
Trading Platforms 11110
Deposit & Withdrawal 11110
Education & Research 1110.50
Assets Available 11110.5
Customer Service 11110
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
Islamic Account Yes

Average Spreads

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

Company Details

Company nameHenyep Capital Markets (UK) Limited
Founded1977
Website www.hycm.com
Type Market Maker
Regulators CySEC,FCA,DFSA
Office locations Hong Kong, United Kingdom, Cyprus

Deposit & Withdrawal Methods

Supported Platforms for HYCM

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

  • Domingo Ratke says:

    Brokerage is GOB – Grand Old Brokerage, operates since 70’s. I like that company management moves forward the trand and offers everything that is new on the market – analytics, economic calendar, algorithms and EAs. There’s also calculators and market signals. What I like the most – there’s high-leveraged trading for those, who like it. Personally I don’t use it, but if you need – you’re welcome.

  • Mathew Hegmann says:

    Is this brokerage regulated all over the world?

    • Chris Cammack says:

      Hi Mathew, HYCM is regulated by the FCA in the UK and CySEC in Europe, two of the strongest regulators in the world. They are also regulated by the DFSA in Dubai and CIMA in the Cayman Islands. While these regulators are not as well-regarded as the FCA and CYSEC, they do allow HYCM to offer their products to residents of other nations without the trading restrictions required by the UK and Europe. Hope that helps.

      • Funk says:

        Thank you for your help!
        I love the fact that traders always help each other and give valuable advice and necessary information.

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