HYCM Broker Review 2025

Henyep Capital Markets (HYCM) is a multi-regulated broker licensed by UK and UAE financial authorities.

This broker offers 3 primary account types, including Fixed, Classic, and RAW accounts with a $20 minimum deposit and USD, EUR, GBP, AED, and JPY as base currencies.

HYCM Company Information and Regulatory Status

HYCM is a well-established financial group that has evolved significantly over the years, consistently delivering a first-class trading experience to its global clients. The group's commitment to regulatory compliance is evident in its multiple regulated entities:

• HYCM Capital Markets (UK) Limited is authorized and regulated by the UK's Financial Conduct Authority (FCA), one of the world's most respected financial regulators.
• HYCM Capital Markets (DIFC) Limited operates under the supervision of the Dubai Financial Services Authority (DFSA), ensuring a strong presence in the Middle East (license number F000048).
• HYCM Ltd is set up and licensed by Saint Vincent and the Grenedines, extending its services to a broader international audience.

This multi-jurisdictional regulatory framework underscores HYCM's commitment to maintaining high standards of operational integrity and client fund security.

HYCM Broker Summary Specifications

HYCM stands out as a next-generation online trading broker, offering superior trading conditions and excellent customer support. Here's a comprehensive summary of HYCM's key features:

HYCM Account Types

HYCM offers a diverse range of account types to cater to various trading styles and experience levels:

These account types cater to a wide range of traders, from beginners to experts.

HYCM also offers 2 other accounts: a demo and an Islamic account.

Demo Account

HYCM demo account is perfect for traders who want to learn about trading without risking their own capital. Main faetures of this account type:

• Risk-free practice environment
• Access to live market conditions
• Perfect for beginners or for testing strategies

Islamic Account

This account is designed for traders who don't want to pay overnight swap fees. Key features of this account:

• Swap-free trading in compliance with Sharia law
• Available for Fixed, Classic, and Raw account types

This account contains a specific list of assets, and it's not available for all instruments. 

HYCM Benefits and Drawbacks

When considering HYCM as your broker, it's important to weigh its strengths and weaknesses:

HYCM Broker Sign Up & Account Verification Guide

Setting up a trading account with HYCM is quick, intuitive, and secure. The next sections will explain the process.

#1 Visit the Official HYCM Website

Start by navigating to the HYCM homepage and selecting “Open an Account” to begin the process.

#2 Provide Basic Details

Submit your full name, email address, and phone number to initiate account creation.

#3 Confirm Location & Identity

Input your country of residence, date of birth, and physical address. Tax residency mismatches must be manually resolved.

#4 Choose Your Account Type

Select from HYCM’s main account offerings: Fixed, Raw, or Classic, depending on your trading strategy.

#5 Define Currency & Compliance Info

Choose a base currency, answer regulatory questions (including U.S. affiliations), and create a strong password.

#6 Accept Terms and Submit

Agree to HYCM’s user terms and submit the form to activate your trading profile.

#7 Upload Verification Documents

For identity verification, upload one of the following: passport, national ID, or driver’s license.
To verify your residential address, submit a utility bill, bank statement, or other official documents issued within the last 3 months.

HYCM Trading Platforms and Apps

HYCM offers a variety of trading platforms to cater to different trader preferences and needs:

MetaTrader 4 (MT4):

• Industry-standard platform
• User-friendly interface
• Advanced charting tools and technical indicators
• Supports Expert Advisors (EAs) for automated trading
• Available for desktop, web, and mobile devices

Links:

• MT4 Android
• MT4 iOS
• Windows
• Mac

MetaTrader 5 (MT5):

• Next-generation platform with enhanced features
• More timeframes (21) and analytical tools than MT4
• Supports trading in stocks and futures in addition to forex
• Economic calendar integrated into the platform
• Available for desktop, web, and mobile devices

Links:

• MT5 Android
• MT5 iOS
• Windows
• Mac

HYCM Trader App:

• Proprietary mobile trading application
• Intuitive and user-friendly interface
• Real-time quotes and charts with useful trading tools
• One-click trading functionality
• Available for iOS and Android devices

Links:

• HYCM Android
• HYCM iOS

HYCM Spreads, Commissions, and Other Costs

HYCM offers competitive spreads and commissions across its various account types:

Other trading fees on the HYCM broker:

• No deposit fee
• No withdrawal fee
• Standard overnight swap fee
• No currency conversion fee
• $10 monthly inactivity fee

HYCM's diverse account options allow traders to choose the pricing structure that best fits their trading strategy and volume. The competitive spreads, especially on the Raw account, make HYCM an attractive option for cost-conscious traders.

HYCM Broker Deposit & Withdrawal Options

HYCM provides a range of convenient options for depositing and withdrawing funds:

Important Notes:

• HYCM broker doesn’t charge fees over $300
  Withdrawals over $5000 through Skrill and Neteller are subject to a 1% processing fee
• HYCM doesn’t charge commissions on deposits

Copy Trading and Investment Options Provided by HYCM Broker

As of the latest information, HYCM does not offer a dedicated copy trading or social trading feature. However, it's worth noting that the broker provides other investment options through MT4 and MT5 Expert Advisors (EAs), which allow for automated trading based on pre-set strategies.

While HYCM doesn't currently offer copy trading, its suite of tools and resources provides traders with various ways to enhance their trading experience and potentially improve their performance.

HYCM Broker Available Instruments

HYCM offers a diverse range of tradable markets and instruments, catering to various trading preferences and strategies:

• Forex Market: 67 currency pairs
• Indices: 28 world major indices
• Metals: 8 precious metals, including gold and silver
• Energy: 3 different instruments
• Commodities: 4 Various soft commodities like coffee and sugar
• Stocks: 212 company stocks
• Cryptocurrency: 19 famous crypto assets

This wide array ensures that HYCM has what you need, whether you're a forex trader or a crypto enthusiast.

HYCM Bonuses and Promotions

HYCM offers various bonuses for both new and existing clients:

• Refer a Friend: Earn up to $200 for each successful referral
• Zero Fees: Experience zero deposit fees
• Deposit bonus: Referred friends can get up to a $180 deposit bonus

Remember, bonuses often come with terms and conditions, so always read the conditions before using them.

HYCM Broker Support

HYCM is available 24/5 to fix clients’ issues and answer their questions. HYCM support contact methods:

• Live Chat: Available for instant assistance
• Phone Support: +44 2088167812
• Email: support@hycm.com
• FAQ Section: Comprehensive self-help resource

Some positive, satisfactory comments have been submitted on the web about the quality of support service offered by the brokerage.

HYCM Prohibited Countries

While HYCM offers services worldwide, there are restricted countries due to regulatory compliance. These countries include:

• Europe: Albania, Belarus, Belgium, Cyprus, France, Portugal, Spain
• Africa: Burkina Faso, Congo, Haiti, Mozambique, Senegal, Sudan, Uganda, Tanzania
• North America: Canada, USA
• South America: Barbados, Cayman Islands, Jamaica, Mail, Panama
• Asia: Afghanistan, Hong Kong, Myanmar, North Korea, Philippines, Iran

Always check the latest list on HYCM's website or contact support for the most up-to-date information on country restrictions.

HYCM Reviews and Trust Scores

It’s time to check out trust scores in our HYCM review. Traders gave the broker 3.7 out of 5 in HYCM's Trustpilot profile. Traders had different experiences using this platform.

As seen in the screenshot, more than 55% of the reviews are 5-star. On the other hand, approximately 10% of the ratings are 1-star. The website mentions that the broker takes less than 2 weeks to reply to the negative reviews.

HYCM Broker Education Materials for Beginners

Unfortunately, HYCM doesn’t offer vast educational resources. This platform only has a comprehensive blog that offers fundamental and technical analysis of various financial instruments. This is surely a downside, especially for traders with less experience in volatile capital markets.

HYCM Against Its Competitors

In this section, we will compare the broker to the other companies in the filed:

Expert Suggestion

HYCM strives to offer high-quality services with low spreads from 0.1 pips, commissions from $0 to $5, and over 300 tradable instruments.

Nevertheless, the $10 inactivity fee and 3.7/5 Trustpilot score are key points to consider before joining HYCM broker.