HYCM (Henyep Capital Markets) review
About the broker
HYCM is a broker that was established in 1977 and is located at 18 King William Street, London, United Kingdom. It offers trading with a minimum trade size of 0.01 and a maximum leverage of 300:1. To open a live account, a minimum deposit of $100 is required.
The broker provides trading platforms MT4 and MT5, which are available for both web and mobile trading. Clients can trade more than 65 currency pairs, 10+ cryptocurrencies, and over 300 CFDs on gold, silver, other precious metals, stocks, stock indices, and other commodities. HYCM also offers managed accounts and social trading through MAM and PAMM. Deposits and withdrawals can be made via bank transfer, VISA, MasterCard, Neteller, and Skrill.
Basic information | |
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Regulations |
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Number of CFD asset classes | 2 |
Broker type | MM |
Customer support |
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Deposit from | 100 EUR/USD |
Spreads | 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
Real Stocks and ETFs | |
Platforms |
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Instruments CFD | Commodities, Indicies |
Established | 1977 |
Location | 18 King William Street London, EC4N 7BP, United Kingdom |
Phone | +357-25-24-5751 |
support@hycm.com | |
Country | Cyprus, Australia |
About the broker
HYCM is a broker that was established in 1977 and is located at 18 King William Street, London, United Kingdom. It offers trading with a minimum trade size of 0.01 and a maximum leverage of 300:1. To open a live account, a minimum deposit of $100 is required.
The broker provides trading platforms MT4 and MT5, which are available for both web and mobile trading. Clients can trade more than 65 currency pairs, 10+ cryptocurrencies, and over 300 CFDs on gold, silver, other precious metals, stocks, stock indices, and other commodities. HYCM also offers managed accounts and social trading through MAM and PAMM. Deposits and withdrawals can be made via bank transfer, VISA, MasterCard, Neteller, and Skrill.
Basic information | |
---|---|
Regulations |
![]() ![]() |
Number of CFD asset classes | 2 |
Broker type | MM |
Customer support |
![]() ![]() ![]() |
Deposit from | 100 EUR/USD |
Spreads | 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
Real Stocks and ETFs | |
Platforms |
![]() ![]() ![]() |
Instruments CFD | Commodities, Indicies |
Established | 1977 |
Location | 18 King William Street London, EC4N 7BP, United Kingdom |
Phone | +357-25-24-5751 |
support@hycm.com | |
Country | Cyprus, Australia |
Pros
- The app offers at least 20 video courses from MTE-Media, which are grouped by experience level.
- Cryptocurrency CFDs are available through its CIMA-regulated entity in the Cayman Islands.
- Exchange-traded securities (non-CFD) are available through a separate platform, Henyep Securities.
- HYCM's Raw account offers competitive pricing, with an all-in cost of about 0.6 pips for EUR/USD (after commission).
Cons
- Although educational content has improved, it is still limited compared to the best brokers in this category.
- The HYCM entity does not provide any regulatory protection for investors.
- Cryptocurrency CFDs are not offered by HYCM's EU entity (and are restricted due to regulations in the UK for retail clients).
Licences and regulation
This broker operates beyond the business scope regulated by the Cayman Islands CIMA (license number: 1442313) and the National Futures Association's UNFX Non-Forex License. Be aware of the associated risks! The regulation by the Cayman Islands CIMA, under license number: 1442313, is considered an offshore regulation.