HYCM

HYCM (Henyep Capital Markets) is a well-established and globally recognized name in the world of forex and CFD trading. With a history spanning more than four decades, HYCM has earned a reputation for reliability, transparency, and consistent performance in the financial markets.

The broker offers a comprehensive suite of trading services tailored to both beginner and seasoned traders. Whether you’re just starting your trading journey or are a professional seeking advanced tools, HYCM provides access to a wide range of instruments, including forex, commodities, indices, stocks, and cryptocurrencies—ensuring ample opportunities to take advantage of market trends.

Regulations and Licenses

HYCM (Henyep Capital Markets) is a highly regulated forex broker, committed to transparency, integrity, and investor protection. The broker operates under the oversight of several respected financial authorities across multiple jurisdictions, ensuring it meets the highest standards of compliance and operational conduct.

• In the United Kingdom, HYCM is authorized and regulated by the Financial Conduct Authority (FCA) under registration number 186171.

• In Cyprus, HYCM holds a license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to offer services across the EU.

• In the Cayman Islands, HYCM is regulated by the Cayman Islands Monetary Authority (CIMA) under license number 1442313.

• In the United Arab Emirates, HYCM is licensed by the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC).

• HYCM also holds a registration with the Financial Services Authority of Saint Vincent and the Grenadines, under number 25228 BC 2018.

In addition to its licenses, HYCM complies with the Markets in Financial Instruments Directive (MiFID II)—an EU regulation designed to enhance transparency, stability, and investor protection across financial markets.

This broad regulatory framework ensures that HYCM adheres to international best practices and provides a secure and fair trading environment for its global client base.

Account Types

HYCM offers a variety of account types to suit different trading needs and experience levels. Whether you’re a beginner exploring the markets or an institutional trader managing large volumes, HYCM ensures you have access to an account that fits your goals.

They even have special accounts for important clients like VIPs and companies that trade a lot. No matter which account you choose, you’ll get really good trading conditions. HYCM wants to make sure everyone has the best options for their trading journey.

Fixed Account

The Fixed Account at HYCM is designed for traders who value stability and cost transparency. With fixed spreads starting at 1.5 pips, this account ensures that your trading costs remain consistent, regardless of market volatility. While fixed spreads may be slightly wider during highly active trading periods, they offer the advantage of predictable pricing, especially for traders who plan around specific costs.

Key features of the Fixed Account include:

• No commission charges – all costs are included in the spread

• Minimum deposit: $100

• Minimum trade size: 0.01 lots

• Expert Advisors (EAs): Not supported on this account type

• Islamic Account option: Available for traders who require swap-free trading in accordance with Shariah principles

The Fixed Account is an excellent choice for beginner and intermediate traders who want to start small, avoid surprises in trading costs, and adhere to specific financial or religious requirements.

Classic Account

The Classic Account is one of HYCM’s most popular choices for traders who prefer variable spreads and zero commission fees. With a low minimum deposit of just $100, it’s an accessible option for both beginners and more experienced traders.

Key features of the Classic Account include:

• Variable spreads starting from 1.2 pips, offering competitive pricing based on market conditions

• No commission charges – ideal for traders who prefer all-in-one spread-based costs

• Expert Advisors (EAs): Supported, allowing for automated trading strategies

• Minimum trade size: 0.01 lots

• Islamic (Swap-Free) Account: Available for traders who follow Shariah law

The Classic Account combines cost-efficiency and flexibility, making it a solid choice for traders who want the freedom to adapt to market movements while enjoying the simplicity of commission-free trading.

Raw Account

The Raw Account at HYCM is ideal for traders who prioritize tight spreads and clear pricing. With raw spreads starting from as low as 0.1 pips, this account delivers market-depth pricing—perfect for scalpers, day traders, and those using precision strategies.

To open a Raw Account, a minimum deposit of $200 is required. Unlike spread-only accounts, this one includes a low commission of $4 per round-turn trade, offering a balanced and transparent cost structure.

Key features of the Raw Account include:

• Ultra-low raw spreads from 0.1 pips

• $4 round-turn commission per standard lot

• Expert Advisors (EAs): Fully supported for automated trading

• Minimum trade size: 0.01 lots

• Islamic (Swap-Free) Account: Available upon request for traders observing Shariah principles

The Raw Account is an excellent option for those who want institutional-grade pricing with full control, making it a dependable choice for serious traders who demand performance and flexibility.

Assets

You can trade Forex, CFDs, Stocks, Indices, Cryptos, Commodities, and Stocks with HYCM.

Forex

HYCM provides access to over 40 forex currency pairs from markets around the globe, allowing traders to speculate on the price movements between the currencies of different countries. This wide selection includes major, minor, and exotic pairs—offering ample opportunities for diversification and strategic trading.

One of HYCM’s key advantages is the option to trade with leverage of up to 1:500, enabling traders to open larger positions than their actual capital. While leverage can amplify potential gains, it’s important to use it responsibly as it also increases risk.

HYCM also offers tight spreads, starting from as low as 0.1 pips—especially with the Raw Account—helping reduce trading costs and improve profitability.

With competitive trading conditions, advanced platforms, and flexible account types, HYCM creates a favorable environment for forex traders at all experience levels.

CFD Stocks

With HYCM, you can trade CFDs on over 300 global stocks, giving you the opportunity to participate in the performance of some of the world’s most well-known and influential companies. Instead of buying actual shares, you trade on the price movements—whether the market is going up or down—making it a flexible way to engage with the stock market.

HYCM allows traders to use leverage of up to 1:20, meaning you only need to provide 5% of the total trade value as margin. This makes stock CFD trading more accessible, especially for those who want exposure to the stock market without needing significant capital.

Whether you’re looking to learn more about global businesses or diversify your portfolio beyond forex, HYCM’s stock trading offering provides an excellent gateway into the world of equity markets.

Indices

With HYCM, traders can gain access to the world’s major stock markets through 15 popular global indices, including benchmarks from the U.S., Europe, Asia, and beyond. Instead of purchasing individual stocks, you can trade on the overall movement of an entire market, making index trading a convenient and strategic way to diversify your portfolio.

HYCM offers leverage of up to 1:200 on index CFDs, allowing you to amplify your positions and potentially increase your returns—though it’s important to manage leverage carefully due to the increased risk.

Whether you’re looking to speculate on global market trends or simply explore how different economies perform, trading indices with HYCM provides a dynamic and educational entry point into global financial markets.

Crypto CFDs

HYCM enables you to participate in the exciting world of cryptocurrencies without needing to directly purchase or store digital coins. You can trade CFDs on 28 major cryptocurrencies, including popular assets like Bitcoin, Ethereum, and Litecoin, by speculating on their price movements—whether rising or falling.

This allows you to benefit from crypto market volatility without dealing with wallets or exchanges. HYCM offers leverage of up to 1:20 on crypto trades, providing greater market exposure with a lower initial investment.

Whether you’re new to digital assets or looking to diversify your portfolio, HYCM’s crypto trading options give you a flexible and accessible way to explore the fast-moving cryptocurrency market.

Commodities

With HYCM, you can trade commodities like gold, oil, and other valuable resources through CFDs—allowing you to speculate on price movements without owning the actual physical assets. This makes it easier and more accessible to participate in the commodities market, whether prices are rising or falling.

HYCM offers leverage of up to 1:133 for commodity trading, giving traders the ability to control larger positions with a smaller initial investment. It’s a smart way to diversify your portfolio and gain insight into the global supply and demand dynamics that influence the pricing of these essential goods.

Whether you’re looking to hedge or simply explore the world of energy and precious metals, HYCM provides a flexible and secure way to trade commodities with confidence.

Deposits and Withdrawals

Funding your HYCM trading account or withdrawing your profits is a straightforward and user-friendly process. The broker scores highly in this area—8.5 out of 10—for its efficiency, fairness, and convenience in handling financial transactions.

You can get started with a minimum deposit of just $20, making HYCM highly accessible for traders at all levels. One of the standout features is that HYCM does not charge any fees for deposits or withdrawals—an important benefit for cost-conscious traders.

HYCM supports a variety of payment methods including Skrill, Neteller, credit/debit cards, and traditional bank transfers. Traders can also choose from multiple base currencies such as USD, EUR, GBP, RUB, AED, and CAD, providing flexibility for international clients.

Withdrawals are typically processed within one business day, ensuring fast access to your funds when needed. While some terms may vary depending on the payment method, HYCM maintains a fair and efficient system that aligns with global standards.

Deposit Options and Minimum Deposit

HYCM broker has different ways to add money to your trading account, and that’s really good. You can use credit or debit cards, bank transfers, Skrill, Neteller, Perfect Money, and more. Just remember, the options you have might be different depending on the specific location of HYCM you’re working with.

The smallest amount you need to start trading with HYCM changes depending on the type of account you want. For most accounts, you can begin with just $100, which is about what most people start with in this kind of thing. But if you’re looking at the Raw spread account, you’ll need to put in $200 to start.

Withdrawals and No Fees

HYCM has a good rule for when you want to withdraw money out of your trading account. The good thing is they don’t ask you for any extra fees when you want to get your funds back. This is really helpful because you don’t have to think about paying more.

Just make sure to deposit and trade in the same currency as your account’s base currency. This way, you can avoid the need for currency conversion, which can sometimes lead to additional charges. With HYCM broker, you can manage your funds conveniently and efficiently.

Trading Platforms

HYCM broker provides its service through MetaTrader 4 and MetaTrader 5 platforms. Here is the detail of these platforms.

MetaTrader 4

MetaTrader 4 (MT4) is a really popular forex trading platform that traders use for buying and selling foreign currencies and other asset classes in the financial market. This program is great for all kinds of traders, whether they’re just starting or already know a lot. It has cool features like advanced ways to look at data, different trading plans, and special tools called Expert Advisors. Plus, you can even use it on your phone to trade from anywhere.

You can trade easily even when you’re not at your computer. Just use your smartphone or tablet to open, control, and finish your trading deals.All you have to do is get the MetaTrader 4 app for Android or iOS on your device. This way, you can trade currencies from anywhere, whether you’re at home or somewhere else in the world!

 MetaTrader 5

MetaTrader 5 (MT5) is a super strong platform that can do lots of things. It’s not just for one type of trading assets; it works for trading different kinds of asset classes.

HYCM MT5 helps you understand and predict the market better with really smart ways of looking at data. You can also make your own trading plans and even use special tools like trading robots and Expert Advisors to help you trade automatically.

MT5 gives you even more options, like more ways to look at the time and different ways to order deals. It even has a tool that shows important economic events. All these things make it a really useful tool for trading.Further, you can have all the cool features of MetaTrader with you wherever you go. With just your smartphone or tablet, you can open, handle, and finish your trading deals right from your hand.

Education: 

HYCM also offers a range of educational features to assist traders in enhancing their knowledge and skills in the financial markets. Here are some of the educational resources and features provided by HYCM.

Weekly Webinars

HYCM regularly conducts online webinars on various topics related to forex trading. In these online sessions, HYCM talks about what’s coming up in the world of trading, especially in the foreign exchange market. Further, they look at how the market is changing and shifting. You’ll learn about important events that could make the market move and how to handle risks in a smart way.

Customer Service

One of HYCM’s standout features is its dedicated customer support, available 24 hours a day, 5 days a week—perfectly aligned with the global forex market’s active trading hours. Whether you’re facing a technical issue or have a question about your account, HYCM ensures timely and professional assistance throughout the trading week.

Clients can reach the support team through multiple channels, including:

• Phone Support: Speak directly with a customer service representative for urgent queries or complex concerns. This real-time support is ideal when immediate resolution is needed.

• Live Chat: Available directly on HYCM’s website, the live chat option allows clients to type out their questions and receive quick responses in real-time. It’s a convenient solution for less pressing inquiries or for those who prefer text-based communication.

HYCM’s customer service team is known for being responsive, knowledgeable, and helpful, making the overall trading experience smoother and more reassuring for clients around the world.