HYCM

HYCM Overview

HYCM, short for Henyep Capital Markets, is a forex and CFD broker whose group traces its roots to 1977, which makes it one of the longest-established names a retail trader can use today. It is regulated by the FCA in the United Kingdom and the DFSA in Dubai, and it runs on MetaTrader 4, MetaTrader 5, and the HYCM Trader platform. The broker keeps its range simple, with three accounts that all open from a low $20. The sections below set out its accounts, regulation, costs, funding, and platforms so you can judge whether it fits the way you trade.

HYCM Account Types

HYCM runs three account types, and they all open from the same low $20. What changes between them is the pricing model: the Fixed account uses fixed spreads, the Classic account uses variable spreads with no commission, and the RAW account uses raw spreads plus a commission per lot. All three carry leverage up to 1:1000.

Fixed Account

The Fixed account uses fixed spreads with no commission, and it opens from $20. A fixed spread does not widen when the market gets busy, so your cost stays predictable around news and in volatile sessions. It runs on MT4, MT5, and the HYCM Trader platform.

Classic Account

The Classic account uses variable spreads with no separate commission, opening from $20 on MT4 and MT5. The spread moves with the market, which usually means a tighter cost than a fixed spread in calm conditions. For a trader who wants standard pricing with one simple cost figure, it is a sensible default.

RAW Account

The RAW account narrows the spread toward the raw market price and charges a commission per lot instead, also from $20. It suits active traders who feel the cost on every trade. Confirm whether the commission is charged per side or per round turn before you trade, since that changes the headline number.

Regulation & Safety

HYCM is regulated by the FCA in the United Kingdom and the DFSA in Dubai. Alongside that, its strongest point on safety is heritage: the Henyep group behind HYCM dates back to 1977, which is a track record very few brokers can match.

As with most international brokers, the protection that applies to you depends on the entity you register under. Open your client agreement, find the name of the contracting entity, and confirm which licence it sits under. That entity sets the rules for your balance, your leverage cap, and any compensation rights you may have.

FCA (United Kingdom)

HYCM Ltd holds authorisation from the UK Financial Conduct Authority. The FCA is one of the most rigorous regulators in the world, with strict capital, governance, and conduct requirements. Retail clients under the FCA entity get leverage capped at 1:30, negative balance protection, and eligibility for FSCS compensation up to 85,000 pounds.

DFSA (Dubai)

HYCM Capital Markets (DIFC) Limited is regulated by the Dubai Financial Services Authority, the regulator for firms based in the Dubai International Financial Centre. A DFSA licence requires the entity to meet the authority’s capital, client-money segregation, and conduct standards for operating from the DIFC.

Spreads, Commissions & Fees

HYCM gives you a choice of pricing model. The Fixed account charges a fixed spread with no commission. The Classic account uses variable spreads, again with no commission. The RAW account uses tighter raw spreads plus a commission per lot. Where a commission applies, check whether it is charged per side or per round turn, since that doubles the headline number.

HYCM spreads are not published in a single, easy-to-find live table, and any “from” figure is a best-case number seen in liquid hours rather than the average you should plan around. The reliable way to read your real cost on a pair is to watch it in the platform across a normal session.

Deposits & Withdrawals

HYCM supports the usual funding channels: bank cards, bank transfer, and e-wallets. The exact methods open to you, along with any minimums and processing times, depend on your region and the entity you register under, so confirm the current list inside your client portal before funding.

Two habits are worth keeping with any broker: withdraw back to the same method you funded with, since compliance teams usually require it, and run a small test withdrawal early to confirm the process and the real timeline before larger amounts are involved.

Leverage & Instruments

Leverage on HYCM accounts reaches up to 1:1000, but the cap you actually receive depends on the entity and region you register under. Under the FCA in the UK, retail clients are capped at 1:30 by the regulator, and the DFSA in Dubai sets its own limits; the higher figures apply to clients under HYCM’s other regional entities. As with most brokers, the top leverage is for major forex pairs; metals, indices, and crypto carry lower limits.

On the instrument side, HYCM covers the main CFD asset classes across its platforms. The full, current list is available inside the terminal once you open an account; confirm any specific market you plan to trade before funding.

Trading Platforms

HYCM runs on MetaTrader 4, MetaTrader 5, and its own HYCM Trader platform and app.

MetaTrader 4 and MetaTrader 5

These are the industry standard for retail forex and CFD trading. If you already run custom expert advisors, indicators, or a chart setup in MT4, it carries across to HYCM without rebuilding. MT5 adds more timeframes, a built-in economic calendar, and broader asset coverage. Both run on all three account types.

HYCM Trader

HYCM Trader is the broker’s own platform and mobile app, built for account management, monitoring, and order placement away from the desk. The Fixed account also runs on it. Confirm the current feature set in the app store listing, since mobile apps are updated often.

Demo accounts

Demo accounts are available on MetaTrader so you can test a strategy or get used to the platform before funding a live account.

MT4

Desktop · WebTrader · iOS · Android

MT5

Desktop · WebTrader · iOS · Android · Mac OS · Linux