HYCM Review

HYCM was previously known as HY Markets and is based in the UK in the city of London.

This licensed forex broker is FCA regulated, so investors can rest assured that when they choose this broker they can benefit from the complete protection and security that financial bodies that are regulated by the Financial Conduct Authority offer.

This reputable and trustworthy broker is part of the Henyep Group, a global Group who have more than 30 years of experience in the financial services industry.

HYCM offer access to a wide range of different trading markets, from currencies to commodities and stocks. They also cater for the needs of both advanced and novice traders, offering educational resources to assist traders at all levels to improve their skills and knowledge and a choice of account types that meet the need of beginners and professionals alike. Anyone looking for all the information that they need to inform their final choice of forex broker can discover all the essential facts in this review to help them to make up their minds.

  • Regulation: FCA, CySEC, DFSA, CIMA
  • HQ: UK
  • Leverage: 1:30
  • Platforms: MT4, MT5
  • Min. Deposit: 100 US$
  • Found in: 1977

HYCM licenses:

  • Henyep Capital Markets (UK) Limited – authorized by FCA (UK) registration no. 186171
  • HYCM (Europe) Ltd – authorized by CySEC (Cyprus) registration no.  259/14
  • Henyep Capital Markets (DIFC) Limited – authorized by DFSA (Dubai) registration no. F000048
  • HYCM Ltd – authorized and regulated under the Cayman Islands Monetary Authority registration no. 1442313

With 40 years of experience under its belt, HYCM has taken home more than its fair share of industry awards.

Out of its 40 years of existence, the broker has been a regulated one for more than 20 years. It received its first UK license way back in 1998.

The 24/5 customer support offered by the operator is great. It also features a cutting edge trading platform and more than decent trading conditions. Fixed spreads on various assets start from 1.8 pips. Variable spreads start from 1.2 pips. Raw spreads are obviously the lowest, starting from 0.2 pips.

 

HYCM FAQ

Is HYCM regulated?

Yes, HYCM is a trustworthy company that has been operating for over 40 years and is regulated in multiple jurisdictions. HYCM is a safe and secure way to trade forex and CFDs. The company and its subsidiary are regulated by the Cyprus Securities Exchange (CySEC) and the Financial Conduct Authority (FCA).

Is trading with HYCM secure?

The HYCM trading platform is designed to meet the rigorous security standards of international financial and banking institutions. Throughout our 30 years of operation, the group has always established the security of client information as first priority. HYCM has implemented state-of-the-art technology and detailed processes to handle key areas such as user authorization, data protection, and network communication.

What are the advantages of trading with HYCM?

Comprehensive trading package 40 years of industry experience free educational materials, market analytics Mt4 and Mt5

How do I activate my first deposit bonus under HYCM Limited?

To welcome new clients on board, HYCM offers a 10% first deposit bonus added automatically to your account when you commence trading activities. All references to HYCM, refer solely to HYCM Limited regulated under the Cayman Islands Monetary Authority. This promotion is subject to the following Terms and Conditions: New HYCM clients who deposit funds will receive a 10% Credit Bonus on their first deposit. This promotion is offered to all new HYCM clients who deposit new funds of a minimum of US$100. The maximum bonus awarded under this promotion is US$5,000. This promotional offer cannot be combined with any other promotional offer and is subject to our Terms of Business. Our Terms of Business stipulates that for every US$1,000 bonus awarded, the client will be required to trade 30 standard lots within 60 days, otherwise HYCM reserves the right to reverse the bonus given to clients.