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HYCM Forex Broker Review

HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

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Broker Information

  • Company Name: Henyep Capital Markets
  • Founded: 1977
  • Country: England

Broker Services

  • Regulators: FCA, CySEC, MiFID
  • Bonus: Up to $5,000 Welcome Bonus (T&C apply) Applicable only for HYCM Limited
  • Minimum Deposit: $100
  • Leverage: 1:200
  • US Clients: No
  • Funding Methods: All major credit/debit cards, Neteller, WebMoney, CashU, and banking wire transfer
  • Pairs Offered: 50+

Platform Info

  • Platform: MetaTrader 4
  • Web Based: Yes
  • Mobile Trading: Yes

Regulation

  • Henyep Capital Markets (UK) Limited is authorized and regulated under the Financial Conduct Authority with reference number 186171.
  • HYCM (Europe) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 259/14
  • HYCM Ltd is authorized and regulated under the Cayman Islands Monetary Authority under reference number 1442313.
  • Henyep Capital Markets (DIFC) Limited is authorized and regulated by the Dubai Financial Services Authority with license number F000048

Features

Why trade with HYCM.com? The firm lists these reasons:

  • A global leader with over 40 years of operational excellence and experience;
  • Headquartered in London’s financial center and in full compliance with the FCA for over 20 years, as well as CySEC and other major global regulatory bodies;
  • Full transparency in all matters, including client deposit protection from local compensation schemes, external audits, and the segregation of client deposits from operating capital in Tier-One banks;
  • Broad global relationships with major liquidity providers that provide spreads as low as 1.8 pips for Mini accounts (as low as 1.5 pips for other accounts);
  • Trade a full array of asset choices in currency pairs, stocks, indices, and commodities, all from one integrated account with access to all capital markets through their global network;
  • Three separate account types to suit the needs of any individual, along with a free demo account and varying benefits according to amount of activity;
  • Mini – Starts at $100 and up, with spreads as low as 1.8 pips and 200:1 leverage as an upper limit;
  • Standard — Starts at $1,000, with spreads as low as 1.5 pips and leverage of 200:1, plus additional privileges;
  • VIP – Designed for the institutional trader – Starts at $10,000 – STP ECN with no dealer desk, spreads can start at 1.5 pips and leverage can be 200:1, plus additional privileges;
  • Free trading signals for Standard and VIP account classes;
  • Rebates based on volume of trading criteria;
  • Experienced bilingual support staff available “24X5” via live chat, email, fax, or phone, with a focus on excellence that only 40+ years of service can provide;
  • Free trading education and one-on-one support;
  • Significant investment in training and support materials, plus continuous commentary and market information, timely market information briefs, advanced charting systems, and technical analysis tools;
  • No slippage or re-quotes;
  • Stop loss orders guaranteed, even when volatile market conditions might prevent that guarantee with other brokers;
  • Trading platforms are designed around the highly popular Metatrader4 series, augmented with additional features and mobile access

Contact Details

18 King William Street,
London, EC4N 7BP
United Kingdom

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