This HYCM review examines the broker’s regulatory coverage, platform offering, account structures, and trading features. HYCM (Henyep Markets) is a legacy broker with over 45 years of history, offering a robust MetaTrader environment and strong client protection under top-tier regulation.

Regulation and Safety

HYCM is regulated across several major jurisdictions:

• HYCM Capital Markets (UK) Ltd: FCA (UK), License No. 186171
• HYCM (Europe) Ltd: CySEC (Cyprus), License No. 259/14
• HYCM Ltd: CIMA (Cayman Islands), License No. 1442313
• HYCM Limited: DFSA (UAE), License No. F000048

Clients benefit from negative balance protection, fund segregation, and investor compensation schemes (FSCS, ICF) in the UK and EU. HYCM also undergoes regular audits and maintains Tier-1 bank relationships.

Execution Model and Trading Platforms

HYCM operates a hybrid STP/Market Maker model depending on account type. Execution is facilitated through:

• MetaTrader 4 (MT4): Desktop, web, and mobile
• MetaTrader 5 (MT5): Advanced charting and order management

VPS services are available for high-volume and algorithmic traders. FIX API is not officially supported for retail clients.

Markets and Instruments

HYCM offers over 300 tradable CFD instruments across multiple asset classes:

• Forex: 60+ currency pairs
• Commodities: Oil, gold, natural gas, silver
• Indices: S&P 500, DAX 40, FTSE 100
• Stocks: Major global equities (CFDs only)
• Cryptocurrencies: BTC, ETH, LTC, XRP (CIMA entity only)

Accounts, Spreads and Leverage

HYCM offers three account types tailored to different strategies:

• Fixed: Fixed spreads from 1.8 pips, no commission
• Classic: Variable spreads from 1.2 pips, no commission
• Raw: Spreads from 0.1 pips, $4 commission per round lot

Minimum deposit: $100. Leverage varies by jurisdiction — up to 1:500 (CIMA), 1:30 (FCA/CySEC). Stop-out level is 20%.

Funding and Base Currencies

HYCM accepts the following funding methods:

• Bank wire transfers
• Visa/Mastercard
• Skrill, Neteller
• Crypto wallets (CIMA clients)

Base currencies: USD, EUR, GBP, AED. Most deposits are processed within 1 hour. Withdrawals are typically completed within 1 business day.

Client Protections and Features

• FSCS protection up to £85,000 (UK)
• ICF coverage up to €20,000 (EU)
• Negative balance protection
• Segregated accounts
• SSL encryption and biometric login
• Regular third-party audits and transparency reports

Institutional and Retail Offering

HYCM serves both retail and institutional clients. Institutional services include:

• Dedicated account managers
• White-label partnerships
• Liquidity solutions for brokers and asset managers
• MAM/PAMM accounts

FIX API and custom pricing solutions are available for high-volume partners.

Pros and Cons

Pros

• Multi-jurisdictional regulation including FCA and DFSA
• Access to both MT4 and MT5 platforms
• Choice between fixed, variable, and raw spread accounts
• Fast withdrawals and reliable client protection
• Supports retail and institutional clients

Cons

• No proprietary platform or trading app
• Crypto CFDs only available offshore
• Limited asset count compared to newer brokers
• No social trading or copy trading options
• FIX API not offered to retail users

Frequently Asked Questions

Is HYCM regulated?

Yes, HYCM is regulated by the FCA (UK), CySEC (EU), DFSA (UAE), and CIMA (Cayman Islands).

What is the minimum deposit at HYCM?

The minimum deposit to open a trading account with HYCM is $100.

What platforms does HYCM support?

HYCM offers MetaTrader 4 and MetaTrader 5 across all major devices.

Can I trade crypto with HYCM?

Yes, but only through the offshore CIMA-registered entity. EU/UK clients cannot trade crypto.

Does HYCM offer negative balance protection?

Yes, HYCM provides negative balance protection for all clients regardless of jurisdiction.