Regulators
FCA, CySEC, DFSA, CIMA Cayman
Min. deposit
$100
Spread from
0.2 pips (Raw) / 1.2 pips (Classic)
Max. leverage
Up to 1:30 (EU/UK) / 1:500 (offshore)
Platforms
MT4, MT5, HYCM Trader
Founded
1977 · London, UK
HYCM review summary
HYCM (Henyep Capital Markets) is one of the oldest names in retail trading, operating as part of the Henyep Group, a financial and investment conglomerate founded in 1977. That longevity and group backing are central to HYCM’s positioning: it markets itself as a safe, well-capitalised choice rather than the cheapest or flashiest broker.
HYCM operates a multi-jurisdictional structure, holding licences with the FCA (UK, reference 186171), CySEC (Cyprus/EU), the DFSA (Dubai, DIFC) and CIMA (Cayman Islands). This makes it a credible option for both EU/UK traders (full ESMA protections, 1:30 retail leverage) and MENA traders (DFSA oversight, Arabic support and Islamic accounts), which is where HYCM has historically been strongest.
HYCM offers Fixed, Classic and Raw account types across MT4 and MT5, plus its own HYCM Trader app. Raw-spread pricing starts from around 0.2 pips plus commission, while the commission-free Classic account starts from about 1.2 pips — competitive but not the very tightest available. The minimum deposit is $100, and swap-free (Islamic) accounts are available for Sharia-compliant trading.
Who HYCM is best for
HYCM suits traders who prioritise a long track record and strong regulation over rock-bottom costs — particularly in the MENA and EU regions. Cost-focused scalpers may find tighter all-in pricing at raw-spread specialists like Pepperstone or Exness, and traders wanting the widest instrument range or TradingView integration may look elsewhere.
HYCM scores 4.3/5 for its regulatory breadth and heritage, offset by a narrower product range and mid-table spreads on the standard account.
HYCM — Frequently Asked Questions
Is HYCM regulated and safe?
HYCM is regulated by FCA, CySEC, DFSA, CIMA Cayman, holds client funds in segregated accounts and operates under active financial-services licenses. Verify each license number on the regulator's official website before depositing.
Is HYCM legit or a scam?
HYCM is a legitimate, regulated broker — not a scam. It operates under oversight from FCA, CySEC, DFSA, which require segregated client funds and regular audits. Always confirm the specific entity and license that will hold your account, and avoid clone sites using a similar name.
What is the minimum deposit at HYCM?
The minimum deposit at HYCM is $100. Standard accounts accept this minimum; premium or professional tiers may require more.
How do I withdraw money from HYCM?
Withdrawals from HYCM are returned to your original funding method — card, bank transfer, e-wallet or crypto, depending on how you deposited. E-wallets and crypto are usually fastest; bank transfers take longest. Processing times and limits are set by HYCM, so check its funding page for current details.
What fees and commissions does HYCM charge?
HYCM's main cost is the spread, starting from 0.2 pips (Raw) / 1.2 pips (Classic). Raw/ECN accounts add a per-lot commission in exchange for a tighter spread. Also factor in overnight swap fees and any inactivity fee. Compare the all-in cost (spread + commission), not just the headline spread.
What are the typical spreads at HYCM?
Spreads at HYCM start from 0.2 pips (Raw) / 1.2 pips (Classic), varying by account type, instrument, time of day and market volatility. Raw/ECN accounts add a commission on top of the tighter spread.
What account types does HYCM offer?
HYCM typically offers a standard (commission-free, slightly wider spread) account and a raw/ECN (tight spread plus commission) account, with a swap-free Islamic option where available. The minimum to open is $100, and platforms include MT4, MT5, HYCM Trader.
What trading platforms does HYCM offer?
HYCM supports: MT4, MT5, HYCM Trader. MT4/MT5 are the industry standards; cTrader suits ECN execution; proprietary platforms add broker-specific tools but less third-party compatibility.
What is the maximum leverage at HYCM?
Maximum leverage at HYCM is Up to 1:30 (EU/UK) / 1:500 (offshore). EU/UK retail clients are capped at 1:30 on major FX by ESMA rules regardless of broker policy; professional and offshore-entity clients can access higher leverage subject to qualification.
Does HYCM offer a demo account?
Yes — HYCM offers a free demo account with virtual funds, so you can test the platform and practise a strategy on live prices before depositing real money.
Who is HYCM best suited for?
MENA + EU traders wanting an established, multi-jurisdictional broker with Henyep Group balance-sheet backing.
