HYCM review
HYCM (Henyep Capital Markets) is the brokerage arm of the Hong Kong-headquartered Henyep Group, a conglomerate tracing back to 1977, with the HYCM brand operating since 1998. It runs FCA-regulated UK operations alongside CySEC (Cyprus), CIMA (Cayman Islands) and DFSA (Dubai) entities, trading forex, crypto, equity, index and commodity CFDs plus ETFs solely through MetaTrader 4 and 5 — no proprietary or third-party platform such as cTrader. Its account ladder runs from Fixed and Variable spread accounts up to a Raw Spread tier with a per-lot commission, each available in an Islamic swap-free form. The main caveats are its comparatively narrow non-forex asset range and a $10 monthly inactivity fee.
HYCM key facts
- Website: www.hycm.com
- Category: CFD / forex broker
- Group history: Henyep Group since 1977; HYCM brand since 1998
- Headquarters: London, UK (parent group in Hong Kong)
- Regulation: FCA (UK), CySEC (Cyprus), CIMA (Cayman), DFSA (Dubai)
- Platforms: MT4, MT5
- Instruments: 69 forex pairs, 64 crypto pairs, 61 equity CFDs
- Account tiers: Fixed, Variable, Raw Spread
- FYI Score: 77.8/100 (ranked #85 of the 136 CFD brokers we track)
Regulation & licences
- Operates under multiple licensed entities: FCA-regulated in the UK, CySEC-regulated in Cyprus for EU clients, CIMA-regulated in the Cayman Islands, and DFSA-regulated in Dubai.
- One of the more layered regulatory footprints among the brokers in this set, with UK clients covered by the FSCS.
- Parent Henyep Group is a Hong Kong-headquartered conglomerate with a history dating to 1977, spanning financial services, fintech and property.
Spreads & fees
- Fixed Spread account: from 1.8 pips, commission-free, no automated trading.
- Variable Spread account: from 1.2 pips, commission-free, automation allowed.
- Raw Spread account: from 0.2 pips plus a $4 per round-lot commission; a $10 monthly inactivity fee applies to dormant accounts, and Islamic swap-free variants are available across all three tiers.
Platforms & tools
- MetaTrader 4 and MetaTrader 5 only — no proprietary or third-party platform such as cTrader.
Markets & instruments
- A forex-led offering (69 currency pairs) supplemented by 64 crypto pairs, 61 equity CFDs, 28 index CFDs, 20 ETFs and 17 commodities — narrower non-forex coverage than some larger multi-asset brokers.
Markets
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Platforms
MetaTrader 4, MetaTrader 5
Who HYCM is for
Suits a forex-focused trader who values FCA-level regulation and is comfortable using MetaTrader; less suited to someone wanting a wide range of stock CFDs/ETFs or platforms beyond MT4/MT5.
Pros
- Long corporate history (Henyep Group since 1977) and an HYCM brand operating since 1998
- FCA regulation in the UK, backed by additional CySEC, CIMA and DFSA licences
- Raw Spread account offers competitive pricing (from 0.2 pips + $4/lot) for active traders
- Islamic swap-free accounts available across every tier
Cons
- Platform choice limited to MT4/MT5, with no cTrader or proprietary alternative
- Non-forex asset range (equities, ETFs, commodities) is narrower than several multi-asset competitors
- $10 monthly inactivity fee on dormant accounts
- Higher entry-tier spreads (Fixed from 1.8 pips) are wide relative to raw-spread-focused rivals
HYCM FAQ
Is HYCM regulated?
Yes. It operates FCA-regulated (UK), CySEC-regulated (Cyprus), CIMA-regulated (Cayman Islands) and DFSA-regulated (Dubai) entities, giving clients different protections depending on which entity they're onboarded under.
How old is HYCM?
The parent Henyep Group dates to 1977; the HYCM brokerage brand has operated since 1998.
What platforms does HYCM offer?
MetaTrader 4 and MetaTrader 5 only.
What account types does HYCM offer?
Fixed Spread, Variable Spread and Raw Spread accounts, each with an Islamic swap-free option.
Compare HYCM with other CFD brokers
See all CFD brokers ranked by FYI →
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