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HYCM Review

FCACySECDFSA

Overall rating

4.5/5

Minimum deposit

$100

EUR/USD spread

0.2 pips (Raw)

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Use this review to validate safety, fees, platform fit, and where this broker falls short.

Sophie Laurent

Written by

Sophie Laurent
Marcus Thompson

Fact Checked by

Marcus Thompson

Updated

Apr 16, 2026
Broker review header
Last reviewed:
•
By:Sophie Laurent
•
Fact-checked by:Marcus Thompson

Is HYCM a good broker?

HYCM is a FCA, CySEC, DFSA-regulated broker rated 4.5/5. Published EUR/USD pricing is listed at 0.2 pips (Raw) with a minimum deposit of $100. HYCM (Henyep Capital Markets) leverages nearly 50 years of experience in 2026 to offer a stable, regulated trading envir.

Should you choose HYCM?

Use this short answer before you dive into the full review.

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Best for

Fixed Spread Accounts

Not ideal for

High inactivity fee ($10/mo)

Top alternatives to compare

AvaTrade

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90

Trust Score: 90/100

Based on regulatory status, company history, and financial transparency

HYCM Score Breakdown

8.9/ 10
Safety9.0Fees9.2Platform9.1Account8.8Support8.6
Safety
9.0
Fees
9.2
Platform
9.1
Account
8.8
Support
8.6
  • 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

Fast decision summary

Popular choice

Min Deposit:

$100

Regulated:

Yes

Inactivity Fee:

No inactivity fee is published in our current broker dataset.

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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 inactivity fee is published in our current broker dataset.

Fees may vary depending on account type and jurisdiction. We aim to keep this data updated regularly.

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.

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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
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HYCM Trader app plus MT4/MT5 mobile.

App Features

  • Account Management
  • Simple Trading

MT4 and MT5.

Supported Platforms

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

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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

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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.

Review Team

Why Traders Shortlist HYCM

Key points from our latest editorial review and testing process.

  • 50 Years History (est. 1977)
  • FCA Regulated
  • Fixed Spreads Option
  • Seasoned Management
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Why this review is trustworthy

  • Freshness dates and fact-checking are shown on the page.
  • Broker scoring follows our public methodology and disclosure standards.
  • Country-specific differences still matter, so compare the exact entity before you deposit.
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Risk Warning: Forex/CFD trading involves significant risk. 68-80% of retail accounts lose money.|Affiliate Disclosure: We may earn commissions from listed partners.|Not Advice: For educational purposes only.

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