HYCM Review
HYCM is one of the oldest forex and CFD brokers still operating, with a track record stretching back to 1977. The company holds licenses from several regulators and runs its trading operations from a head office in London, UK, plus additional offices in Hong Kong and Cyprus. For how it compares with other brokers, see our full forex broker comparison.
HYCM Company Features
- Licensed and regulated in the UK since 1998
- Licensed by FCA, CySEC and CIMA
- 25,000 orders processed per day
- Fast execution
- 24-hour support
- Personal account manager
- MetaTrader 4 supported by HYCM
- MetaTrader 5 supported by HYCM
- Mobile trading on iOS and Android
- Top-tier protection for your funds
- 5 base currencies available
- Financial expertise you can rely on
- Maximum leverage of 1:500
About HYCM:
HYCM has a long and credible track record. Its CFD trading conditions across account types, research and education are handled to a high, professional standard compared with major competitors.
HYCM was founded in 1977 and is regulated to a high standard, making it a safe, medium-risk broker for forex and CFD trading.
The HYCM group of companies offers the MetaTrader 5 and 4 platforms. Its Cyprus entity does not offer crypto CFD services and has narrow options for stock CFDs.
By comparison, HYCM offers more than 60 cryptocurrency pairs via CFDs through its offshore partner entity in Saint Vincent and the Grenadines (SVG), which makes it a strong choice in 2026 for crypto CFD trading.
Crypto trading at HYCM is available through CFDs, not through buying the underlying asset such as Bitcoin directly. Crypto CFDs are not available to retail traders through any UK-regulated broker entity, nor to UK residents.
Trading Account Types
An Account That Fits Your Needs
The company also offers a special VIP account type for clients and firms who trade more actively. All of the company’s trading accounts come with some of the better trading conditions in the industry.
VIP Account Benefits
- Dedicated account manager
- Better spreads (for fixed accounts)
Trading Instruments
- Forex
- Stocks
- Indices
- Cryptocurrencies
- Commodities
- ETFs
Payment Methods: Deposits and Withdrawals
- No deposit fees
- Fast processing
- Funds held in Tier-1 banks
Client Fund Security
Client funds are a top priority for HYCM. Besides using segregated accounts, the company’s clients are protected by the Financial Services Compensation Scheme (FSCS) up to £50,000, the Investor Compensation Fund (ICF) up to €20,000, and Lloyd’s of London up to $1 million, in the event the company is unable to settle claims filed against it.
All of these schemes act as a last resort for the company’s clients, respectively, if the company cannot settle claims made against it.
Licenses
40 years of experience and progress behind a trading experience built for traders, backed by solid financial licenses.
HYCM is regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), and the Cayman Islands Monetary Authority (CIMA).
- Henyep Capital Markets (UK) Limited is licensed and regulated by the Financial Conduct Authority under reference number 186171.
- HYCM (Europe) Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission under license number 259/14.
- HYCM Limited is licensed and regulated by the Cayman Islands Monetary Authority under license number 1442313.
- Henyep Capital Markets (DIFC) Limited is licensed and regulated by the Dubai Financial Services Authority under license number F000048.
- HYCM Limited is an international business company registered in Saint Vincent and the Grenadines under registration number 25228 (IBC 2018).
- Legal information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Ltd, Henyep Capital Markets (DIFC) Limited and HYCM Limited, in which the Henyep Capital Markets group holds a controlling interest.The website www.hycm.com is operated by HYCM Limited.
- The Henyep journey began in 1977.
Disclaimer
This review is for educational purposes only and is not investment advice. CFDs are complex instruments that carry a high risk of losing money rapidly due to leverage; a majority of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money before you trade. This article contains affiliate links; easytradeweb.com may earn a commission if you open an account through them, at no extra cost to you.