Website: www.hycm.com
Minimum Deposit: $20
Maximum Leverage: 1:30 (EU/UK) | 1:500 (Global)
Trading Platforms: MetaTrader 4, MetaTrader 5, HYCM Trader
Regulations: FCA (UK), CySEC (Cyprus), DFSA (Dubai), CIMA (Cayman Islands), SVG FSA
Headquarters: United Kingdom
Established: 1977

🧐 What is HYCM?

HYCM (Henyep Markets) is a globally recognized forex and CFD broker with over 45 years of experience. As part of the Henyep Group, HYCM has built a reputation for safety, reliability, and transparency in trading. With its regulatory footprint spanning the UK, Cyprus, Dubai, and beyond, HYCM offers access to over 300 financial instruments, making it a trusted choice for both beginners and professional traders.

✅ HYCM Pros and Cons

Pros:

• Regulated by top-tier authorities (FCA, CySEC, DFSA)

• Supports MT4, MT5 & its own mobile trading app

• Multiple account types with flexible spreads

• Low minimum deposit starting at $20

• Access to over 300+ trading instruments

Cons:

• Customer support not available on weekends

• Leverage restrictions in EU and UK regions

• Product offerings vary by regulation

🛡️ Is HYCM Safe and Regulated?

Yes, HYCM is a highly regulated and secure broker. It is licensed by several reputable financial regulators:

• FCA (UK) – Reg. No. 186171

• CySEC (Cyprus) – Reg. No. 259/14

• DFSA (Dubai) – Reg. No. F000048

• CIMA (Cayman Islands) and SVG FSA (International)

Client funds are held in segregated accounts, and traders under the FCA enjoy coverage by the Financial Services Compensation Scheme (FSCS).

📊 Account Types at HYCM

HYCM offers three live account types tailored to suit different trading styles:

1. Fixed Account – No commission, fixed spreads

2. Classic Account – Variable spreads, no commission

3. Raw Spread Account – Tight spreads from 0.0 pips, $4 commission per round

Islamic (swap-free) accounts are available upon request. A free demo account is also available for practice.

🔢 Leverage Options

Leverage varies based on your location and regulatory body:

• UK/EU clients: Max 1:30 (per ESMA regulations)

• International clients: Up to 1:500

• Certain offshore entities may offer leverage up to 1:1000

Remember: high leverage can magnify both profits and losses.

💰 HYCM Fees and Spreads

• Spreads: Start from 1.2 pips on Classic accounts and from 0.0 pips on Raw accounts

• Swap fees apply to overnight positions

• No deposit or withdrawal fees

• Inactivity fee: $10/month after 90 days of no trading

Overall, HYCM ranks as a low-cost broker, especially for active and professional traders.

🧾 Deposits and Withdrawals

HYCM supports multiple deposit and withdrawal methods including:

• Credit/Debit Cards

• Bank Wire

• Skrill, Neteller, WebMoney

Minimum deposit starts at just $20. Most transactions are processed within 1–2 business days. No fees are charged by HYCM, but your payment provider might charge a small fee.

🧮 Trading Instruments

With over 300+ assets, HYCM offers:

• Forex Pairs (Majors, Minors, Exotics)

• Precious Metals (Gold, Silver)

• Energy Commodities (Oil, Gas)

• Global Indices (US30, FTSE, DAX, etc.)

• Stocks & Shares

• Cryptocurrencies

🖥️ Trading Platforms

HYCM supports:

• MetaTrader 4 (MT4) – Classic, widely used

• MetaTrader 5 (MT5) – Advanced tools and indicators

• HYCM Mobile Trader App – Simple and intuitive

Platforms are available on Web, Windows, Mac, Android, and iOS.

💬 Customer Support

HYCM offers multilingual customer support via:

• Live Chat

• Email

• Phone (regional offices)

Availability: 24/5 on business days
Rating: 4.4/5 based on our testing – Fast, knowledgeable, and professional responses.

🎓 Education and Learning

Traders can benefit from:

• Free webinars and trading workshops

• Video tutorials and articles

• Market analysis and daily news updates

• Interactive Q&A sessions

Rated 4.1/5 – great for beginners and intermediate traders.

📌 Final Verdict – Is HYCM the Right Broker for You?

HYCM is a time-tested and globally trusted forex broker offering excellent value for both new and seasoned traders. With competitive spreads, flexible account types, a low entry point of $20, and access to top-tier platforms (MT4 & MT5), HYCM is well-suited for anyone looking to grow in the online trading world.

Recommended for:

• Forex and CFD beginners

• Experienced traders seeking MT4/MT5

• Copy trading and EA users

• Traders looking for secure, regulated environments

• Those needing 24/5 support and rich educational tools