HYCM (Henyep Capital Markets) is a long-established Forex and CFD broker offering trading services through MetaTrader 4 and MetaTrader 5 platforms. The broker is known for its strong regulatory background, competitive spreads, and beginner-friendly account structure.
With over four decades of market presence under the Henyep Group, HYCM positions itself as a multi-regulated global broker serving retail and professional traders across multiple regions.
- Minimum Deposit: $20
- Trust Score: 90
- Tradeable Symbols (Total): 300+
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Table of Contents
My top takeaways for HYCM :
- Regulated by top-tier authorities (including FCA)
- Low minimum deposit starting from $20
- Offers 60+ forex pairs and 300+ trading instruments
- MT4 and MT5 supported
- Suitable for beginners and intermediate traders
- Forex, crypto and CFD trading available
- Strong regulatory reputation
- Mobile and web trading supported
- Multiple account types available
- Known for stability and long operating history
- OVERALL TRUST SCORE. 90/99
HYCM Pros & Cons
Pros
- ✓Strong regulation (Tier-1 oversight) HYCM is regulated by top authorities like the FCA, which adds credibility and trader protection.
- ✓Long operating history (since 1977 group) A well-established broker with decades of experience in financial markets.
- ✓Low minimum deposit ($20) Very accessible for beginners and small account traders.
- ✓Multiple account types Fixed, Classic, Raw, and Islamic accounts allow flexible trading conditions.
- ✓MetaTrader support (MT4 & MT5) Reliable and widely used trading platforms.
- ✓Competitive spreads (especially Raw account) Raw spreads can go as low as ~0.1 pips on major pairs.
Cons
- ✗Limited number of instruments vs top competitors Around 300+ CFDs is lower than multi-asset brokers like Exness or IC Markets.
- ✗Average research and trading tools Not very strong in advanced analytics or trading signals.
- ✗Withdrawal speed varies by region Processing times may depend on the regulatory entity used.
- ✗No proprietary trading platform Only MT4/MT5 available (no in-house platform).
- ✗Education section is basic Not ideal for traders looking for advanced learning materials.
HYCM Broker Overview
| Feature | |
|---|---|
| Year Founded | 1977 |
| Main Country of Origin | United Kingdom |
| Maximum Leverage | Up to 1:500* |
| Execution Model | Yes |
| Best For | Regulation-focused trading |
| Note | *Leverage limits depend on region and regulatory entity. |
Is HYCM Regulated and Safe for Forex Trading?
HYCM is considered one of the more established regulated Forex brokers in the retail trading industry due to its long operating history and multi-jurisdiction regulatory structure.
The broker operates through regulated entities including:
• Financial Conduct Authority (FCA) – United Kingdom
• Cyprus Securities and Exchange Commission (CySEC) – Cyprus
• Dubai Financial Services Authority (DFSA) – Dubai
HYCM’s regulatory structure is one of its strongest advantages compared to many offshore-focused brokers.
The broker has maintained a strong reputation primarily because of:
• Long industry operating history
• Multi-regulated structure
• Transparent broker branding
• Stable platform infrastructure
• Strong retail trading presence
HYCM is particularly attractive for traders prioritizing:
• Regulatory credibility
• Broker stability
• Traditional trading environment
• Long-established broker reputation
Compared to many newer CFD brokers, HYCM positions itself more as a traditional regulated trading provider rather than a high-risk offshore trading platform.
HYCM Fixed Spread vs Raw Spread Account Review
HYCM offers several account structures designed for traders seeking flexibility between fixed spreads, variable spreads, and lower-cost trading environments.
Available account types include:
• Fixed Account
• Classic Account
• Raw Account
• Islamic Account
• Demo Account
The broker’s Raw account is designed mainly for active traders seeking:
• Lower spreads
• Faster execution
• Commission-based pricing
Meanwhile, HYCM’s Fixed account appeals more to traders who prefer predictable trading costs during volatile market conditions.
HYCM performs particularly well for:
• Swing traders
• Position traders
• Beginner traders
• MT4 & MT5 users
Key trading condition highlights include:
• Competitive Forex spreads
• Fast order execution
• Flexible leverage options
• MetaTrader compatibility
• Multiple account structures
Compared to some ultra-low spread ECN brokers, HYCM focuses more on balance between regulation, stability, and practical trading conditions.
HYCM MT4 and MT5 Trading Platform Review
HYCM supports MetaTrader platforms widely used throughout the Forex trading industry.
Available platforms include:
• MetaTrader 4
• MetaTrader 5
• WebTrader
• Mobile trading applications
MT4 remains popular among Forex traders because of:
• Stable performance
• EA compatibility
• Large indicator marketplace
• Scalping support
MT5 expands functionality through:
• Additional order types
• More technical indicators
• Multi-asset trading support
• Faster strategy testing
HYCM’s mobile trading ecosystem allows traders to:
• Monitor positions
• Execute trades
• Analyze price charts
• Manage accounts remotely
The broker’s platform environment is designed more around reliability and functionality than overly complex proprietary tools.
HYCM Forex, Cryptocurrency and CFD Markets Review
HYCM offers access to several global CFD markets through leveraged trading products.
Available asset classes include:
• Forex pairs
• Commodity CFDs
• Cryptocurrency CFDs
• Index CFDs
• Share CFDs
Popular trading instruments may include:
• EUR/USD
• GBP/USD
• Gold CFDs
• Bitcoin CFDs
• NASDAQ CFDs
• Crude Oil CFDs
While HYCM’s strongest area remains Forex trading, the broker also provides diversified CFD market exposure for traders seeking multi-asset trading opportunities.
HYCM Deposit and Withdrawal Review
HYCM supports several funding methods depending on region and account entity.
Common payment options include:
• Bank transfer
• Visa & Mastercard
• Skrill
• Neteller
• Cryptocurrency payments (limited regions)
• Local payment methods
The broker focuses on maintaining:
• Fast account funding
• Straightforward withdrawals
• Multi-currency support
• Secure payment handling
Withdrawal processing times vary depending on:
• Payment provider
• Verification status
• Banking institution
• Trader location
HYCM Account Types
| Feature | |
|---|---|
| Fixed Account | Fixed spread pricing structure |
| Classic Account | Variable spread trading |
| Raw Account Pricing | Lower spreads + commission |
| Islamic Account | Swap-free trading available |
| Demo Account | Practice Trading Environment |
Expert Take
HYCM’s biggest strength is long-term credibility.
While many brokers compete mainly through marketing campaigns or extreme leverage offers, HYCM stands out because of:
• Long operating history
• Multi-regulated structure
• Stable broker reputation
• Traditional trading environment
The broker is especially suitable for:
• Regulation-focused traders
• Beginner traders
• Swing traders
• Traders prioritizing broker stability
HYCM may not offer the most aggressive spread pricing compared to ultra-low-cost ECN brokers, but it delivers a more balanced environment combining regulation, operational stability, and practical trading functionality.
For traders seeking a long-established Forex broker with strong regulatory coverage and MetaTrader platform support, HYCM remains a solid overall choice.
HYCM Star Ratings
| Feature | HYCM |
|---|---|
| Overall Rating | 4.4/5 |
| Trust Score | 90 |
| Registration & Safety | 5/5 |
| Trading Platforms | 4/5 |
| Trading Cost | 4/5 |
| Market Access | 4/5 |
| Beginner Friendliness | 4/5 |
| Mobile Trading | 4/5 |
| Research & Education | 4/5 |
| Deposit & Withdrawals | 4/5 |
| Customer Support | 4/5 |
| Execution Speed | 4/5 |
| Overall Trading Experience | 4.5/5 |
Getting Started
What Is HYCM?
HYCM is a long-established Forex and CFD broker operating through multiple regulated entities while providing MetaTrader trading platform access for global retail traders.
The broker is best known for:
• Strong regulatory structure
• Long industry operating history
• MT4 & MT5 compatibility
• Multiple account types
• Traditional Forex trading environment
Today, HYCM continues serving traders looking for a stable and regulation-focused Forex and CFD trading experience.
