Broker HYCM

HYCM (previously providing services under the HY Markets brand) is one of the branches of the international holding Henyep Group, which specializes in providing services in the field of economics, education and charity, as well as real estate. The main office of the company is located in London, United Kingdom.

The group was founded back in 1977. In 2007, the launch of the online platform HY Markets – the popularized name Henyep Capital Markets UK Ltd. In 2016, Henyep consolidated its investment brands in the capital markets and launched HYCM.com – the ability to conduct online trading through a multi-functional platform.

Company Regulation: 4.5/5 starstarstarstarstar_half

The HYCM group of companies includes organizations that have all the licenses necessary for doing business:


Henyep Capital Markets, with an office in London, is regulated by FCA (License 186171), the Financial Supervisory Authority of England, which guarantees customers the appropriate legal security and also provides convenient conditions for cooperation.

HYCM (Europe) Ltd. – The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 259/14.


All deposits of the company’s customers are segregated, i.e. stored separately from company funds and are not available for personal or business use by HYCM. In addition, all of the company’s customers are members of the FSCS compensation program. Thus, if the company, due to certain circumstances, is unable to provide further financial services to customers, they can receive compensation, the maximum amount of which is 50,000.00£.

User Friendly: 5/5starstarstarstarstar

HYCM broker specializes in investing and online trading using all available opportunities of the international market. As a base asset, HYCM clients can choose currency pairs, metals, stocks of well-known companies and many other financial instruments. In the event of a dispute, the client can always seek help from the technical support service, which works 24/7.

The speed of opening and closing orders here is quite high, delays in execution occur very rarely. Sometimes there may be slippages, mainly during sharp price spikes. The best performance is on RAW accounts (NDD technology).

This broker cannot boast of favorable trading conditions for beginning traders – there are no cent accounts, and the minimum lot is 0.01. However, on the site you can find many educational materials (e-books, courses, articles and videos), there is also a glossary of terms. The broker regularly holds webinars.

Trading Platform & Training: 4/5starstarstarstarstar_border

Trading in the company is carried out through the trading platforms MetaTrader 4 and HYCM PrimeTrader, with the possibility of their use on mobile devices Android, iPhone, iPad. The company provides a wide range of trading instruments for work: currency pairs, cryptocurrencies, metals, indices, commodities, stocks, oil and gas.

HYCM customers have access to a large number of training materials, video tutorials, trading and analytical tools. The company constantly holds contests among traders and offers profitable bonus programs. Opening an account with HYCM is quick and easy, and to start the trading process, it is enough to replenish it for a minimum amount.

Deposits & Withdrawals: 5/5starstarstarstarstar

It is possible to replenish the account in the company, as well as to withdraw funds from the account using Visa / MasterCard bank cards, bank transfer and the electronic system WebMoney, UnionPay, Neteller, Skrill.

Account Types: 5/5starstarstarstarstar

Currently, HYCM offers its customers the opportunity to open one of the following types of accounts:

Fixed

  • Minimum Deposit: 100$
  • Spread: from 1,8 pips
  • Leverage: up to 1:1200
  • Minimum Order Size: 0.01 lots
  • Function Swap-Free: yes
  • Commission: none
  • Trading Signals: no
  • Islamic Account: yes
  • EA available: no

Classic Best Choice

  • Minimum Deposit: 100$
  • Spread: from 1,2 pips
  • Leverage: up to 1:1200
  • Minimum Order Size: 0.01 lots
  • Function Swap-Free: yes
  • Commission: none
  • Trading Signals: yes
  • Islamic Account: yes
  • EA available: yes

RAW

  • Minimum Deposit: 200$
  • Spread: from 0,2 pips
  • Leverage: up to 1:1200
  • Minimum Order Size: 0.01 lots
  • Function Swap-Free: yes
  • Commission: + 4$ for entry to the market
  • Trading Signals: yes
  • Islamic Account: yes
  • EA available: yes
Overall Rating
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Deposit: 100$
Leverage: from 1:10 to 1:200
Min.Trade: 0.01 lots
Spread: from 0.2 pips
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