HYCM

Operational Since:

2007

Country where domiciled:

United Kingdom

International offices:

UK, Cyprus, Hong Kong, Kuwait, Dubai

Regulation:

YES - FCA UK - Henyep Capital Markets (UK) Limited (‘HYCM’) is authorised and regulated by the Financial Conduct Authority (FCA) under Company reference number 186171

Broker Status:

Independent broker -

Broker Type:

Market Maker+ECN/STP

US Clients Accepted:

Average Monthly Volume In USD:

Source To Prove Volume:

BROKER WEBSITE

Accounts

Mini Account:	NO	Minimum Deposit ($US):	-
Standard Account:	NO	Minimum Deposit ($US):	-
ECN Account:	NO	Minimum Deposit ($US):	-
VIP Account:	NO	Minimum Deposit ($US):	-
Fixed Account:	YES	Minimum Deposit ($US):	$100
Classic Account:	YES	Minimum Deposit ($US):	$100
Raw Account:	YES	Minimum Deposit ($US):	$200
Base account Currencies offered:	USD, EUR

Leverage

Maximum Leverage for Mini Account:	-
Maximum Leverage for a Standard account:	-
Maximum Leverage for an ECN account:	-
Maximum Leverage for a VIP account:	-
Maximum Leverage for Fixed Account:	30/1
Maximum Leverage for Classic Account:	30/1
Maximum Leverage for Raw Account:	30/1

Lot Size

Minimal lot size for a Mini account:	-	Increments:	-
Minimal lot size for a Standard account:	-	Increments:	-
Minimal lot size for an ECN account:	-	Increments:	-
Minimal lot size for a VIP account:	-	Increments:	-
Minimal lot size for Fixed Account:	0.01	Increments:	5
Minimal lot size for Classic Account:	0.01	Increments:	5
Minimal lot size for Raw Account:	0.01	Increments:	5

Payment Options

Deposit Options:	Credit cards (VISA and Mastercard), WebMoney, Wire Transfer, UnionPay, Other local payment methods
Withdrawal Options:	Credit cards (VISA and Mastercard), WebMoney, Wire Transfer, UnionPay, Other local payment methods

Products

Products for Mini Account:	---
Products for Standard Account:	---
Products For ECN Account:	---
Products For VIP Account:	---
Products for Fixed Account:	FX, Metals, CFDs, Stocks and Futures
Products for Classic Account:	FX, Metals, CFDs, Stocks and Futures
Products for Raw Account:	FX, Metals, CFDs, Stocks and Futures

Spread & Commission

Commission:	YES	Account:	Raw Account
Commission Fees:	+ $4 per round on Raw Account
Spread type (Fixed,Variable):	Both	Accounts:	Fixed Spreads on Fixed Account, Variable Spreads on Classic Account & Raw Spreads on Raw Account
Spread on EURUSD on a Mini account:	-
Spread on EURUSD on Standard account:	-
Spread on EURUSD on ECN account:	-
Spread on EURUSD on VIP account:	-
Spread on EURUSD on Fixed Account:	1.8
Spread on EURUSD on Classic Account:	1.2
Spread on EURUSD on Raw Account:	0.2

VIP Benefits

Premium Trading Conditions For VIP Clients Both Retail And Institutional:	YES
Premium Trading Conditions Offered:	-
Briefly describe main Advantages:	Personal account manager, trading signals,

Trading Terms

News Trading:	YES
Mirror/Social Trading:	NO	Mirror Trading Providers:	-
Scalping:	YES
Hedging:	YES
Expert Advisors:	YES
Trading platforms available:	MetaTrader 4 Powered by HYCM (MT4 - Desktop/iOS/Android), MetaTrader 5 Powered by HYCM ((MT5 - Desktop/iOS/Android)
Trading platform's Time zone:	GMT
Decimal Pricing:	5 Digits
Execution:	Instant execution	Accounts:	-
Total Number Of Liquidity Providers:	-
ECN/STP Liquidity Provider:	-
ECN/STP Working With:	-
Trailing Stops:	YES
OCO Orders:	YES
One-Click Execution:	YES
Mobile Trading:	YES
Web-Based Trading:	YES
API Solutions:	NO
Currency Pairs Total:	40+	Exotic Pairs Included:	-
Gold, Silver:	Both
Oil:	YES
CFD’s:	YES
MAM/ PAMM solutions For Fund Managers:	NO
Managed Account Services For Investors:	NO
Swap-Free Accounts:	YES
- Available To Anyone:	NO
- Islamic Clients:	YES
- Restrictions Applied:	YES
Segregated Accounts:	YES
Interest On Unused Margin:	NO
Bonuses Or Rewards:	NO
Trading Contests:	NO
Binary Options:	NO
Spread Betting:	NO
Trading On Bitcoin:	NO
Affiliate Program:	YES
Affiliate Programs Offered:	CPA and Revenue Share
Conditions For Affiliates:	https://www.hycm.com/en/partnerships/media-affiliates
Awards won:	-

95 customer reviews

4.6 out of 5 stars

3.5/5 from editor.

From 4 to 5

71
From 3 to 4

21
From 2 to 3

3
From 1 to 2

0
From 0 to 1

0

Platform - Performance, Usability

94%
Pricing - Spreads, Fees

91%
Features - API, News Service

91%
Support - Fund Options, Integrity

91%

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David Nordstrom

Public Review

2 ratings

1 comment

2 helpful voted.

Best Raw Spread Broker!

2 years ago.

Broker Review - Overall

HYCM is one of the most popular brokers among traders who have been trading for a long time and know all the nuances of brokerage organizations. First, the company has many licenses from international regulatory agencies and is regularly audited. They strictly comply with the laws of all countries in which they operate.
HYCM reviews are 98.7% positive. This shows the level of customer confidence. The broker is famous for its ability to work with fixed spreads. In this case, you cannot use advisors and robots. And this is an honest practice.
In addition, there are still raw spreads that start at just 0.2%.
I personally prefer raw spreads. Over the years of trading, I have never seen such low rates. This is because the Fed keeps its base interest rate low, so banks charge a little for each transaction.
The $ 4 commission does not bother me, I usually make a lot more anyway. The profit for the last five months is especially high due to the rally of cryptocurrencies, of which HYCM has a lot (I use the four leading ones, but in fact there are about 20 of them).
A big plus are calculators. There are always few of them =)

Broker Advantages

well-known, legit, regulated, affordable, cryptos trading

Broker Disadvantages

commission

Overall Trading Experience

1 year +

Trading Experience with this Broker

6 months

Platform - Performance, Usability
100%
Pricing - Spreads, Fees
80%
Features - API, News Service
90%
Support - Fund Options, Integrity
90%

2 of 2 people found the following review helpful

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Akakiy Kontselidze 2 years ago.

Are there any commissions on depositing or withdrawals and how many payment methods do this broker offer?
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  David Nordstrom 2 years ago.
  
  There are no additional commissions on depositing and withdrawals here. There are five primary payment methods such as webmoney, neteller, skrill, credit card and wire transfer. Only wire transfer takes up to 7 days in order to withdraw money, while the rest or methods are quite fast and takes one hour.
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Diamond Stehr

Public Review

1 rating

3 helpful voted.

Relieble and honest broker.

2 years ago.

Broker Review - Overall

I have been looking for a company for a long time where a practical and convenient interface and working conditions are transparent and honest. I was lucky that on the trading forum, I learned from the reviews about HYCM. Fellow traders advised it as a reliable and regulated broker.
Luckily for me, HYCM didn't let me down. Influential organizations regulate this broker. So, I can not be afraid for my funds, since I trade at $ 1000-3000.
I prefer trading metals and indices on Metatrader 4, and I like the way my market orders are executed with this broker. And I get my fund on my bank card during 4-5 hours. In most cases, I received the requested money within a day.
Also, I note that the broker has a well-established reputation.
I've heard this is possible to increase the leverage individually. Does anyone know how can I customize it?

Broker Advantages

A lot of assets, reliable regulation, and convenient trading platforms.

Broker Disadvantages

A lot of different types of accounts with varying conditions of trading. They can confuse beginner traders.

Overall Trading Experience

3 years.

Trading Experience with this Broker

6 months.

Platform - Performance, Usability
100%
Pricing - Spreads, Fees
100%
Features - API, News Service
100%
Support - Fund Options, Integrity
100%

3 of 3 people found the following review helpful

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Tavan Tel 2 years ago.

This is an excellent broker, I also trade with him for a long time. You can set up the leverage when you open an account with a broker, and also change it at any time in your account settings. Happy trading to all!
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Anu Krishna

Public Review

6 ratings

3 helpful voted.

One of the BEST experience

5 years ago.

Broker Review - Overall

I did use some brokers and this is absolutely is one of a few, where I am able to draw profit and only profit with minimum costs. And yes, I am sort of making nearly 99% a day as much as a gain. Moreover, I am having 20-25% a growth profit per month. And I believe thats an good level of trading with. I also think that trading rules of this broker is also adding to my success and these terms are really convenient for on an individual point of view.

Broker Advantages

The way they provide their service, its really nice.

Overall Trading Experience

One and half year live trading

Trading Experience with this Broker

One and half year of live trading

Platform - Performance, Usability
90%
Pricing - Spreads, Fees
100%
Features - API, News Service
90%
Support - Fund Options, Integrity
90%

3 of 3 people found the following review helpful

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HYCM Team 5 years ago.

Dear Anu,

Thank you for your feedback! We are happy to hear you have such a positive experience with HYCM! If there is something we can assist you with please reach out to support@hycm.com.

Best regards,
HYCM Team
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Veerath L.

Public Review

1 rating

1 helpful voted.

trusted broeker

1 year ago

Broker Review - Overall

This broker will be suitable for all types of traders and investors. Its also fits for Muslims because its follow Sharia laws.

Broker Advantages

It has well known registration and security system.
Company offers a lot of general trading markets and instruments.
Leverage size is fine for high risk trading. *Follow your risk system.

Broker Disadvantages

Account type difference might be more flexible
No investment program

Overall Trading Experience

I used to trade for a half a year on demo account and about a 5 years with real money

Trading Experience with this Broker

So my main ideas in this hycm review is that this is a well known broker and there all opportunities for new and old traders to keep, invest or trade by your money safely

Platform - Performance, Usability
100%
Pricing - Spreads, Fees
100%
Features - API, News Service
100%
Support - Fund Options, Integrity
100%

1 of 1 people found the following review helpful

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Petr Fiala 1 year ago

I choose hycm for almost the same features. I follow conscious trading and investing in ethical shares. Glad that the broker support it, so I can invest and be sure that its hurts nobody!
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Silas Williamson

Public Review

1 rating

1 helpful voted.

Really high-grade company

2 years ago.

Broker Review - Overall

I prefer companies where everything runs like clockwork. For me, HYCM is the most famous representative of such companies. When you go to your Personal Account, everything is laid out in a neat little box. It's a very convenient interface. Everything is clear. It's easy to navigate here. All the time, the Personal Accounts of other brokers look like the cockpit of a spaceship. Of course, it is funny, but not really.
I wanted to ask, is there any tool in HYCM to quickly evaluate the market?

Broker Advantages

The broker's advantages are very accessible minimal deposit, tight spreads, reasonable regulation, convenient mobile app.

Broker Disadvantages

The disadvantage is difficulties when you choose between accounts, as all with exciting conditions.

Overall Trading Experience

Overall Trading Experience is 2 years.

Trading Experience with this Broker

Trading Experience with this Broker is 2 months.

Platform - Performance, Usability
100%
Pricing - Spreads, Fees
100%
Features - API, News Service
100%
Support - Fund Options, Integrity
100%

1 of 1 people found the following review helpful

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Maksymilian Bak 2 years ago.

I may disappoint you a little, but quick market evaluation is a myth. It takes time and an intelligent approach anyway. But if you have in mind exactly how you can conduct this process, then you should definitely know that hycm offers access to two versions of MT at once, which contain a large number of technical tools that are needed to work on different strategies. And you can use any of them to make faster decisions and understand the different approaches. The main thing is not to be too hasty and to be a trader, not a gambler. That's what counts, always and under all circumstances. Study hycm's analytics if necessary - they are always detailed articles, you might like them.
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