HYCM.com Review

Forex Broker Review: HYCM

HYCM.com REVIEW

HYCM Company Info

◘ Company Name: HYCM is the Trading Name of Henyep Capital Markets (UK) Limited

◘ HYCM Offices: HYCM maintains its main offices in London, UK, and has secondary offices in Hong Kong and the United Arab Emirates

◘ HYCM Regulation: HYCM is regulated by FCA UK (186171) and MiFID

◘ HYCM Foundation: HYCM was founded in 1978

◘ Online since HYCM went online in 1999

◘ US Clients: HYCM doesn't accept US Clients (NO)

◘ Islamic Accounts: HYCM supports Islamic Accounts (YES)

◘ HYCM Execution: STP Broker

HYCM Trading Info

◘ HYCM Trading Zone: GMT

◘ HYCM Typical Spread: 1.8 pip (EUR/USD). The minimum EURUSD spread is 0.5 pips, and it is available via Pro Accounts.

◘ HYCM Leverage: HYCM's maximum leverage is 30:1

◘ HYCM lot: Micro Account Type (0.02)

◘ HYCM Scalping: (NO)

◘ HYCM Hedging: (YES)

◘ Automated Trading: (YES)

◘ HYCM Min. Account: The Minimum account at HYCM is 50 USD

◘ HYCM Account Currencies: HYCM provide accounts in US Dollars

◘ HYCM Deposit Methods: Bank transfer, Credit/debit cards, Skrill, Neteller, and WebMoney

HYCM Forex Accounts

HYCM Accounts Comparison

◘ HYCM Platforms: HYCM offers MeaTrader4 Install, MetaTrader4 Web, Web Trader, Currenex

◘ HYCM Languages: English | 简体中文 | 繁體中文 | العربية | Русский

◘ Live Support Languages: English, Arabic, and Chinese

HYCM Pros and Cons

HYCM Final Conclusion

HYCM is a well-established STP forex broker headquartered in London, with a strong global presence through offices in the UAE and Hong Kong. Backed by decades of experience since its founding in 1978, HYCM is regulated by top-tier authorities, including the UK’s FCA, and operates under the European MiFID framework. Client fund safety is a major strength, with all accounts held in segregated bank accounts, offering traders added peace of mind.

The broker focuses on forex trading and provides a range of reliable trading platforms such as MetaTrader 4, WebTrader, and Currenex for desktop users, as well as mobile apps for both Android and iPhone. Traders can access over 30 currency pairs, precious metals, and various CFDs. HYCM supports both automated trading and hedging strategies, though it does not permit scalping. With a low entry point of $50 for Micro Accounts, it’s accessible to beginners and casual traders alike. Funding is flexible, supporting methods like credit/debit cards, PayPal, Skrill, WebMoney, and bank transfers. Withdrawals under $300 are free, while larger transactions carry a $25 fee. Inactive accounts may also incur charges.

• Customer support is available 24/5 via live chat, phone, and email. In our experience, their live chat team responded quickly and helpfully. Spreads are average for most accounts (e.g., 1.8 pips on EUR/USD), but Pro account holders benefit from much tighter spreads, starting from 0.5 pips. Only Pro accounts are subject to trading commissions.
• At the time of the review, HYCM also offers a 10% welcome bonus on deposits of any size. Overall, HYCM is a trustworthy and solid choice for most forex traders. It’s especially well-suited for those seeking a regulated broker with good trading conditions, though not ideal for scalpers or very short-term intraday traders due to platform limitations.

Forex Broker Review: HYCM

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