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Match Me

HYCM Review

Edith Balazs

Written by

Edith Balazs
Marcus Thompson

Fact Checked by

Marcus Thompson

Updated

Jan 4, 2026
Broker review header

4.5

Trust Score: 4.5/100

Based on regulatory status, company history, and financial transparency

  • 50 Years History (est. 1977)
  • FCA Regulated
  • Fixed Spreads Option
  • Seasoned Management

Founded

1977

Headquarters

London, UK

Why choose HYCM

HYCM (Henyep Capital Markets) leverages nearly 50 years of experience in 2026 to offer a stable, regulated trading environment suitable for both conservative and active traders.

Pros

  • Decades of stability
  • Fixed spreads available
  • Good educational webinars

Cons

  • High inactivity fee ($10/mo)
  • Raw spread commission high ($4/side)
HYCM logo

HYCM

Save Wishlist's

Popular choice

Min Deposit:

$100

Inactivity Fee:

No

Regulated:

Yes

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Choice of fixed or variable. Fixed account has wider spreads but certainty. Raw account has $4/side commission.

InstrumentStandardRaw/Pro
EUR/USD1.2 pips (Classic)0.2 pips ($4 comm)
GBP/USD1.5 pips0.5 pips
USD/JPY1.3 pips0.3 pips
Gold0.300.15

Inactivity

$10/mo after 90d

Withdrawal

Free >$300

Non-trading fees

Inactivity fee: No.

Regulated by FCA, CySEC, CIMA, and DFSA. A very safe multi-jurisdictional broker.

Regulatory Status

RegulatorCountryTier
FCAUK1
CySECCyprus1
DFSAUAE2
CIMACayman3

Safety Features

Segregated AccountsYes
Negative Balance ProtectionYes
Investor ProtectionFSCS (£85k) and ICF (€20k).

Is regulated?

Yes, heavily regulated.

Find your safe broker

Compare Regionally

Reliable. Bank wires can be slow but safe.

Deposit Options

MethodProcessing TimeFeeMin. Deposit
CardInstantFree$100
Wire1-7 DaysFree$100
Skrill/NetellerInstantFree$20

Withdrawal Options

MethodProcessing TimeFeeMin. Withdrawal
All1-5 DaysFree >$300$20

Base Currencies

USD, EUR, GBP, AED, JPY

Three simple types: Fixed, Classic, Raw.

Account Types

Account TypeMin. DepositKey Features
Fixed$100
  • • Fixed Spreads (1.8)
  • • No Comm
Classic$100
  • • Variable (1.2)
  • • No Comm
Raw$200
  • • Raw (0.2)
  • • $8 Comm

Verification Steps

  • Time to open: Same Day
  • Demo Account: Yes
  • Islamic Account: Yes
Open Account

HYCM Trader app plus MT4/MT5 mobile.

App Features

  • Account Management
  • Simple Trading

MT4 and MT5.

Supported Platforms

  • MetaTrader 4: Standard.
  • MetaTrader 5: Modern.

Compare platform providers:

Best MT4 BrokersBest MT5 Brokers

HYCM provides a solid range of 300+ instruments. The 70 forex pairs cover all majors and most minors. The stock selection (300) includes major global companies. It's a balanced offering for most traders.

Available Instruments

Forex Pairs70
Indices20
Stocks300
Commodities15
Cryptos20
ETFs20

Leverage Limits

InstrumentMax Leverage
Forex500:1 (Intl), 30:1 (UK/EU)
Indices100:1
Stocks20:1
Crypto2:1

Got Questions?

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Frequently Asked Questions

Yes, HYCM is a highly regulated broker. It holds licenses from the FCA (UK), CySEC (Cyprus), DFSA (Dubai), and CIMA (Cayman Islands).

The minimum deposit is $100 for the Fixed and Classic accounts, and $200 for the Raw account.

The Fixed account has fixed spreads (e.g., 1.8 pips on EUR/USD) which don't widen during volatility. The Classic account has variable spreads (starting from 1.2 pips).

The Fixed and Classic accounts are commission-free. The Raw account charges a commission of $4 per lot per side ($8 round turn) but offers spreads from 0.0 pips.

Yes, HYCM offers trading on major cryptocurrencies. However, crypto derivatives are not available to retail clients in the UK.

Yes, HYCM offers swap-free Islamic accounts for clients who observe Sharia law. These can be requested for all account types.

HYCM is part of the Henyep Group, which has been operating in the financial markets since 1977, giving it nearly 50 years of experience.

No, HYCM does not accept clients from the United States.

You can withdraw funds via bank wire, credit card, Skrill, Neteller, and crypto. HYCM generally processes withdrawals within 1 business day.

Yes, HYCM provides a free demo account with $50,000 in virtual funds to practice trading.
Edith Balazs

Edith Balazs

Fact-Checking • Research • Data Verification

Author of this review

Edith is a Certified Financial Analyst (CFA) with a background in financial journalism. She leads our fact-checking team, verifying every data point, fee structure, and regulatory claim in our broker reviews to ensure accuracy and reliability.

Fact-Checker & Research Lead — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

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