HYCM Broker Review

FX Scouts By Jeffrey Cammack Updated: February 16, 2020
Overall Rating
4.09 / 5
Min. DepositUSD 100
Max. Leverage30:1
Min. Spread0.2 pips
RegulatorsCySEC,FCA,DFSA
Regulator Origin CySEC FCA DFSA
Broker TypeMarket Maker

Summary

HYCM has provided trading services for over 40 years and is regulated by the FCA, CySEC and the DFIC. Primarily a market-maker broker, HYCM offers attractive trading conditions on its instant execution accounts, but also offers a market-execution account for those who prefer commission over wider spreads. 

Support for both MT4 and MT5 is available alongside a comprehensive Forex education programme and more than 300 tradeable instruments, including commodities, stocks and cryptocurrencies. Overall, HYCM is a quality broker for both new and experienced traders.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 100
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs38
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD
GBP / USD0.8
USD / JPY0.6

Company Details

Company nameHenyep Capital Markets (UK) Limited
Founded1977
Website Visit Website
TypeMarket Maker
RegulatorsCySEC,FCA,DFSA
Office locations Hong Kong, UK, Cyprus

Deposit & Withdrawal Methods

Supported Platforms for HYCM

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 4.09 / 5 3.73 / 5 4.34 / 5
Minimum DepositUSD 100USD 250USD 100
Regulation
CySEC CySEC
FCA FCA
DFSA DFSA
FSCA FSCA
CySEC CySEC
FCA FCA
ASIC ASIC
FSCA FSCA
Broker TypeMarket MakerMarket MakerMarket Maker/ECN
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, FuturesCommodities, Cryptocurrencies, ForexCommodities, Cryptocurrencies, Forex, Indicies, Equities, Futures
Forex Pairs384785
Crypto Pairs545
Read Full Review Read Full Review
Trust Rating 5 / 5 3.5 / 5 5 / 5
Trading Conditions 3.5 / 5 3.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 4 / 5 3 / 5 4.5 / 5
Education & Research 4 / 5 4 / 5 4 / 5
Assets Available 4.5 / 5 4 / 5 4.5 / 5
Customer Service 3.5 / 5 4.5 / 5 3.5 / 5
% Lose with this broker 74% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider 75.35% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1200:1500:1
Spread0.2 pips1.5 pips1.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Classic (Standard)
  • Fixed (Standard)
  • Islamic Fixed
  • Raw (Standard)
  • Bronze (Standard)
  • Gold (Vip)
  • Premium (Vip)
  • Silver (Professional)
  • Live Fixed Spread (Standard)
  • Live Floating Spread (Standard)
  • Live Zero Spread (Professional)
  • STP/ECN No Commission (Professional)
  • STP/ECN Zero Spread (Professional)
Swap Free Yes Yes Yes
Trading Platforms MT4 MT4, Sirix MT4
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney Bank Transfer, Neteller, Visa, Mastercard, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay, Fasapay
Trading Commission 8 USD / lot - Raw Account Fees Included in Spread Zero Accounts
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Overall Rating 4.09 / 5 3.73 / 5 4.34 / 5
Minimum DepositUSD 100USD 250USD 100
Regulation
CySEC CySEC
FCA FCA
DFSA DFSA
FSCA FSCA
CySEC CySEC
FCA FCA
ASIC ASIC
FSCA FSCA
Broker TypeMarket MakerMarket MakerMarket Maker/ECN
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, FuturesCommodities, Cryptocurrencies, ForexCommodities, Cryptocurrencies, Forex, Indicies, Equities, Futures
Forex Pairs384785
Crypto Pairs545
Read Full Review Read Full Review
Trust Rating 5 / 5 3.5 / 5 5 / 5
Trading Conditions 3.5 / 5 3.5 / 5 4.5 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 4 / 5 3 / 5 4.5 / 5
Education & Research 4 / 5 4 / 5 4 / 5
Assets Available 4.5 / 5 4 / 5 4.5 / 5
Customer Service 3.5 / 5 4.5 / 5 3.5 / 5
% Lose with this broker 74% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider 75.35% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1200:1500:1
Spread0.2 pips1.5 pips1.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Classic (Standard)
  • Fixed (Standard)
  • Islamic Fixed
  • Raw (Standard)
  • Bronze (Standard)
  • Gold (Vip)
  • Premium (Vip)
  • Silver (Professional)
  • Live Fixed Spread (Standard)
  • Live Floating Spread (Standard)
  • Live Zero Spread (Professional)
  • STP/ECN No Commission (Professional)
  • STP/ECN Zero Spread (Professional)
Swap Free Yes Yes Yes
Trading Platforms MT4 MT4, Sirix MT4
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, WebMoney Bank Transfer, Neteller, Visa, Mastercard, Fasapay Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay, Fasapay
Trading Commission 8 USD / lot - Raw Account Fees Included in Spread Zero Accounts

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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