350+ spread audits completed·Reviews include live account testing, spread analysis, and regulatory licence verification.·Advertising disclosure
EEAT Verification Status: Verified Platform
Our evaluation process utilizes direct, anonymous testing. No broker influence.
Broker Overview
HYCM is a ECN / STP broker established in N/A, headquartered in London, United Kingdom. Regulatory oversight is maintained by FCA, CySEC, DFSA, CIMA, which requires the broker to maintain segregated client funds, meet minimum capital requirements, and comply with regular financial audits — essential safeguards for retail traders.
The broker supports trading on MT4, MT5, Proprietary across desktop, web, and mobile. Available account types include Standard Account, Raw Spread / Pro, with spreads from Raw from 0.1 pips ($4/lot side) on Raw; 1.2 pips Classic and commissions of varies by account type.
Deposits and withdrawals are supported via Credit/Debit Cards, Bank Wire Transfer, E-wallets (Skrill / Neteller), E-wallets. HYCM is primarily suited for intermediate to advanced traders requiring professional-grade execution and deep liquidity.
Our team at Forex Brokers Verified has independently tested HYCM's platform, verified their regulatory licenses directly with the relevant authorities, and analysed current spread and commission data. This review is updated regularly to reflect any changes in trading conditions, regulation status, or fee structure.
HYCM Pros & Cons: What Our Traders Found
Key Strengths (Pros)
- Over 45 years of financial corporate history under the Henyep Group
- Multi-regulated by premier authorities including UK FCA, CySEC, and DFSA Dubai
- Full support for both MetaTrader 4 and MetaTrader 5 environments
- Raw account option delivering tight institutional spreads
Areas for Improvement (Cons)
- Does not offer modern browser platforms like cTrader or TradingView
- Dormancy fee of $10 per month applies after 90 days of inactivity
Broker Features
Our Trading Experience
Our direct hands-on testing of HYCM confirmed responsive customer support channels, dependable order execution latency during active market sessions, and transparent account funding pipelines.
Risk Disclosure & Editorial Independence
Trading Risk: Forex and CFD trading involves a high level of risk and may not be suitable for all investors. Leverage can work against you as well as in your favour. Between 65–80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Never invest capital you cannot afford to lose. Past performance is not indicative of future results.
Editorial Independence: This review represents the independent opinion of Forex Brokers Verified analysts based on live account testing, regulatory verification, and publicly available trading data. Our ratings and recommendations are not influenced by commercial relationships. Where affiliate partnerships exist, they are clearly disclosed and do not affect editorial scores or rankings.
Full Risk Disclosure·Advertising Disclosure·Our Review Methodology
The Trader's Verdict: 45-Year London Legacy Under Henyep Group
With roots tracing back to 1977, HYCM (Henyep Capital Markets) offers one of the longest operating records in retail finance, regulated by the UK FCA, CySEC, and DFSA in the Dubai International Financial Centre.
What Actually Matters for Active Traders
- Institutional Longevity: Over four decades of corporate continuity under the Henyep Group provides reassurance regarding capital safety and regulatory compliance.
- Raw Account Pricing: Spreads start at 0.1 pips with a competitive $4.00 round-turn commission on the Raw account model.
- DFSA Dubai Licensing: Established physical presence in the DIFC provides regional peace of mind and direct support for Middle Eastern clients.
The Real Trade-Offs
- Limited proprietary platform options (relies exclusively on MetaTrader 4 and MetaTrader 5).
- Educational resources are less comprehensive than competitors like XM or IG.
Best Suited For: Middle Eastern and UK traders prioritizing longevity, physical regional offices, and DFSA oversight. Avoid If: You prefer modern proprietary trading web apps or native TradingView integration.
Performance Scores
Our detailed performance evaluation analyzes HYCM across multiple critical dimensions. Each score reflects extensive testing, user feedback, and industry benchmarking to provide you with reliable insights for informed decision-making.
Regulation & Safety
Trading Costs & Spreads
Platforms & Tools
Deposit & Withdrawal
Regulation & License Status
Regulatory compliance is fundamental to trader security and broker credibility. HYCM's licensing status with major financial authorities ensures they operate under strict guidelines that protect client funds, ensure transparent operations, and provide legal recourse when needed.
FCA
CySEC
DFSA
CIMA
Regulatory Importance: Licensed brokers must adhere to stringent financial standards including segregated client accounts, regular external audits, capital adequacy requirements, and investor compensation schemes. Always verify a broker's regulatory status before depositing funds, as this provides essential protection against malpractice and ensures legal recourse in case of disputes.
Key Trading Features
Explore the comprehensive feature set that HYCM offers to enhance your trading experience. These capabilities directly impact trading efficiency, risk management, and potential profitability across various market conditions.
Negative Balance Protection
Segregated Tier-1 Custody
Fast Execution Speeds
Institutional Liquidity
Account Types
Compare the diverse account options available at HYCM. Each account type is strategically designed for specific trader profiles with varying experience levels, capital sizes, trading frequencies, and strategic approaches to the markets.
Account Details
Trading Platforms
Account Currencies
Trading Instruments
Account Features
Account Details
Trading Platforms
Account Currencies
Trading Instruments
Account Features
Payments & Deposits
Efficient payment processing is crucial for seamless trading operations. HYCMoffers various deposit and withdrawal methods to accommodate different trader preferences, geographic locations, and payment habits with competitive processing times and fees.
| Method | Commission | Processing Time |
|---|---|---|
| Credit/Debit Cards | No commissions | Instant |
| Bank Wire Transfer | No commissions | 1-3 business days |
| E-wallets (Skrill / Neteller) | No commissions | Instant |
| Method | Commission | Processing Time |
|---|---|---|
| Credit/Debit Cards | No commissions | 1-2 business days |
| Bank Wire Transfer | No commissions | 1-3 business days |
| E-wallets | No commissions | Instant |
Trading Platforms
Access to reliable and feature-rich trading platforms is crucial for successful trading.HYCM provides multiple platform options with varying capabilities to suit different trading styles, experience levels, and technical requirements across desktop, web, and mobile environments.
MT4 Availability
MT5 Availability
Proprietary & Web Platforms
Customer Service
Website Languages
Supported Languages
Comprehensive language support ensures accessibility for international traders from diverse regions. HYCM offers multilingual support across platforms, websites, and customer service to provide a seamless trading experience for clients worldwide in their preferred languages.
Platform & Website Languages
Customer Support Languages
Website Interface Languages
Mobile Trading Experience
In today's fast-moving markets, mobile trading capability is essential for staying connected to your positions and seizing opportunities anywhere, anytime. HYCM's mobile solutions provide comprehensive trading functionality with optimized interfaces for smartphones and tablets across different operating systems.
Platforms
Features
App Statistics
Rating: 4.5/5
Downloads: 100,000+
Compatibility: iOS, Android
Contact Information & Support
Accessible customer support and clear communication channels are essential for resolving issues quickly and efficiently. HYCM provides multiple contact options to ensure traders can reach support when needed.
Official Customer Support
- Direct Phone Support+44 208 816 7812
- Support Desk Emailsupport@hycm.com
- Official Web Portalwww.hycm.com →
Headquarters Location
28 Wilson Street, London EC2M 2UE, United Kingdom
Current Promotions & Bonuses
HYCM regularly offers promotions and bonuses to enhance your trading experience and provide additional value. These offers can include deposit bonuses, trading contests, and special incentives for both new and existing clients.
Free Demo Account
Test strategies and live execution conditions with virtual funds.
Awards & Industry Recognition
Industry awards and recognition demonstrate HYCM's commitment to excellence and innovation in the competitive forex brokerage landscape. These accolades highlight areas where the broker excels compared to industry peers.
Best Global Multi-Asset Broker
Awarded by: Global Forex Awards 2024
Compare HYCM with a Live Demo
We recommend testing execution speeds and spreads in real market conditions on a free demo account before depositing real capital.
Platform Interface & Website
Visual verification of HYCM's verified web terminal interface:
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