Forex White list

HYCM review and ratings

HYCM review and ratings
Broker complaint Leave a review on the broker


HYCM group includes 4 related companies.

HYCM UK – located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
HYCM CY – located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
HYCM UAE – located in the United Arab Emirates, regulated by the Dubai Financial Services Authority (DFSA).
HYCM KY – located in the Cayman Islands, regulated by the Cayman Island Monetary Authority (CIMA).

Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.


HYCM group accepts clients from all over the world, excluding USA, Hong Kong, Belgium, Japan and some other countries.


  • Authorised and regulated by credible government agencies.
  • Tight raw spreads on EURUSD and USDJPY currency pairs.
  • Free technical analysis and forecasts from Trading Central.
  • More than 20 years on the foreign exchange market.


Forex broker offers the following underlying assets for trading.

45+ Currency PairsBased on major and minor world currencies.
5 Crypto PairsBased on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
16 Indice CFDsBased on baskets of different blue-chip stocks.
4 Metal Spot CFDsBased on Gold and Silver.
3 Metal FuturesBased on Gold, Silver and Copper.
1 Energy Spot CFDBased on Crude Oil (WTI).
3 Energy FuturesBased on Crude Oil (WTI, Brent) and Natural Gas.
4 Soft FuturesBased on Cocoa, Coffe, Sugar, Cotton.
10+ Stock CFDsBased on shares of US companies.


HYCM, also known as Henyep Capital Markets, is an international forex and CFD brokerage with history going all the way back to 1977 when Henyep Gold Dealers came into business after joining the Hong Kong Gold and Silver Exchange Society. The company went on to become licensed by the UK’s Financial Conduct Authority (FCA) in 1998, and launched its first online trading platform in 2007 under the company name Henyep Investment UK Ltd.

The broker is today regulated by the four major regulatory agencies in the United Kingdom, Cyprus, Dubai and the Cayman Islands. Among these, the Cayman Island-registered entity offers by far the most flexible trading conditions due to the influence of strict EU regulations on the Cyprus and UK-based entities. In addition to the mentioned countries, HYCM also has offices in Kuwait and Hong Kong.

Although HYCM today is a global broker, it still does not accept clients from a range of countries for regulatory reasons. This includes traders from Belgium, Hong Kong, Japan, the USA, certain provinces of Canada, and some other smaller countries. The full details on this is available on the broker’s website.

In terms of its selection of trading instruments, HYCM has a pretty standard offering with about 45 currency pairs to choose from, 15 major international stock indices, gold, silver and a range of other commodities, and the five popular cryptocurrencies Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple XRP.

For forex and index CFDs, available trading leverage goes up to 1:200, while for individual stocks and cryptocurrencies it is capped at 1:20.

HYCM customers can choose to sign up with either a Fixed, Classic, or a Raw account with this broker. The account names refer to the spread model the account follows, with the first account offering fixed spreads starting from 1.8 pips and commission-free trading, the Classic account offering variable spreads starting from 1.2 pips and commission-free trading, and the raw account offering the raw spreads from liquidity providers starting from just 0.2 pips along with a commission of $4 per round-trip.

HYCM is a MetaTrader-only broker, having chosen to focus on the MT4 adn MT5 as its trading platforms. These are platforms that are already familiar for many traders, and they have remained popular over many years due to large selection of Expert Advisors and advanced technical analysis capabilities.

Deposits and withdrawals can be made through many different methods with the broker, including bank wire transfer, major credit and debit cards, as well as the popular online money transfer services WebMoney, Neteller, and Skrill. HYCM does not charge anything for deposits made with any of these methods, although withdrawals of less than USD 3,000 may be subject to a processing fee. For Skrill, Neteller, and WebMoney specifically, there is a 1% processing fee for withdrawals over USD 5,000, which means traders can avoid this by simply making their withdrawals in smaller increments.

We appreciate the 24-hour customer support that is offered by HYCM, available via live chat and a UK phone number. The only thing currently not offered that we would like to see is a direct line to the trading desk for assistance with placing trades and checking the status of orders. All in all, however, HYCM is a good choice for traders who are happy trading with the MetaTrader.

Leave a Reply

Your email address will not be published.