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HYCM Review

HYCM (HYCM.com), formerly HY Markets, is an award winning online broker authorised and regulated by the FCA and CySEC. Trade up to 120 instruments on competitive spreads with no commission.

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Asset classes

Trade currencies online as well as CFDs on gold, silver, commodities, stocks and indices from your HYCM account:

  • Forex: 39 currency pairs, including CFDs on Bitcoin vs. the US Dollar, as well as the US Dollar index.
  • Metals: spot gold and silver as well as CFDs on these metals against the US Dollar and the Euro.
  • Commodities: speculate on the price of cocoa, coffee, sugar and cotton against the US Dollar.
  • Energies: speculate on the price of oil, Brent crude and natural gas against the US Dollar.
  • Indices: 16 American, European, Japanese, Chinese and Indian stock indices such as CFDs on the S&P 500, the SSE 50 and the NIFTY 50.
  • Stocks: 11 tech stocks such as Amazon, Apple, Google, Facebook and Alibaba.

Accounts

Choose from one of three accounts. The larger your initial deposit, the tighter the spreads and the wider the choice of securities.

  • Micro: open a Micro account from a low $100 deposit. HYCM's Micro account comes with fixed spreads from 2.0 pips across 50 instruments, primarily currency pairs.
  • Standard: open a Standard account from a $1,000 deposit and trade up to 120 instruments on fixed spreads from 1.8 pips. This account also comes with free Forex signals.
  • VIP: open a VIP account with a $10,000 deposit and the same access as a Standard account with fixed spreads from 1.5 pips.

All accounts are available interest-free (also known as swap-free) to clients of Islamic faith. To switch your account to an interest-free one, open an account online at HYCM.com and speak to your personal account manager before placing your first trade.

HYCM accepts a wide range of payment methods including credit and debit cards, Neteller, Skrill and Webmoney. HYCM's trading accounts are denominated in USD and EUR. Deposits are also accepted in KWD, SAR and AED and will be converted to USD for trading.

Platforms

HYCM (HYCM.com) supports MetaTrader 4, one of the world's most popular trading platforms. It accepts all MT4 Expert Advisors, except for scalping and high-frequency trading (HFT) bots. If you're on the go, you can trade through its mobile app available for Android and iPhone devices.

Regulation

HYCM is the trading name of:

  • Henyep Capital Markets (UK) Limited: authorized and regulated under the Financial Conduct Authority with reference number 186171.
  • HYCM (Europe) Ltd: authorized and regulated under the Cyprus Securities and Exchange Commission under license number 259/14.

Regulation by the FCA and CySEC ensures that client funds are held in segregated accounts. Furthermore, you may turn to the FCA or CySEC for compensation in the unlikely event of default. Payments under the Financial Services Compensation Scheme are limited to a maximum of £50,000 per customer. Payments under CySEC's Investors Compensation Fund (ICF) are limited to a maximum of €20,000 per customer.

A short history of HYCM

HYCM (HYCM.com) is a division of The Henyep Group, an international corporation with over 40 years of operational history. The group's roots lie in Hong Kong, where Henyep Gold Dealers founded as a member of the Hong Kong Gold and Silver Exchange Society in 1977. The following year, Henyep Securities founded as a member of the Hong Kong Commodities Exchange.

Since, the group has expanded across four continents. It opened its first branch in New York in 1980, was granted a license by the UK's financial regulator in 1998, established a presence in Dubai in 2006 and acquired its current CySEC license through an external acquisition in 2015.

Over the years, HY Markets has received a string of awards including "Best FX Broker, Northern Europe" by the World Finance 2012 Awards and "Best Forex Brokers in the Middle East" by the IB Times Trading Awards 2011.

In 2016, Henyep consolidated its capital markets investment brands through the launch of HYCM.com, a multi-platform online trading website.


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Overview

  • Asset classes
  • 39# Currency pairs
  • Forex
  • Gold and Metals
  • Oil and Energy
  • Commodities
  • Stocks
  • Indices
  • Bonds
  • Securities
  • Forex CFDs
  • Forex Futures
  • Forex Options
  • Demo account
  • Has a demo?

Trading platforms

  • Platform
  • MT4
  • MT5
  • cTrader
  • Currenex
  • ZuluTrade
  • Copy trading
  • Mirror trading
  • HYCM WebTraderOther platforms
  • Web or desktop
  • Software download
  • No download
  • Mac friendly
  • Mobile apps
  • Android
  • iPad
  • iPhone

Funding Methods

  • Deposits & Withdrawals
  • Bank transfer
  • Credit card
  • Debit card
  • Alipay
  • Bitcoin
  • Boleto
  • CashU
  • China UnionPay
  • DixiPay
  • FasaPay
  • FilsPay
  • MoneyGram
  • MTS
  • NetBanx
  • NETELLER
  • OKPAY
  • PayCo
  • Payeer
  • PayPal
  • paysafecard
  • Paysbuy
  • Payza
  • Paxum
  • Perfect Money
  • Przelewy24
  • Qiwi Wallet
  • Skrill
  • SorexPay
  • Ukash
  • WebMoney
  • Western Union
  • Worldpay
  • Yandex Money

Company

  • Company info.
  • Henyep Capital Markets (UK) Ltd.Legal name
  • London, UKHeadquarters
  • 1977Incorporation
  • Regulation
  • Segregated accounts
  • CySEC No. 259/14Cyprus
  • FCA No. 186171UK

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Trading foreign exchange, contracts for differences or spread bets on margin carries a high level of risk and may not be suitable for all investors. You could sustain a loss of some or all of your funds if the markets move against you. For this reason, you should not invest more than you could afford to lose. ForexBrokersAZ.com does not accept deposits, advise on investments, deal in investments (as agent or principal) or arrange deals in investments. Information published on this website and in our external communications is factual and for information purposes only. It does not constitute financial advice under the Financial Services and Markets Act 2000. ForexBrokersAZ.com is owned by Hades Capital Limited, a company registered in England under number 08176698.