Up to $5,000 Welcome Bonus
(T&C Apply) Applicable only for HYCM Limited

Min. Deposit
1.8 pips
US Clients

HYCM Review

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While many forex brokers do their best to impress you with their claims and purported benefits, there are a select few that already have the goods in house and have no need to go to great lengths to impress anyone. HYCM.com (formerly HYMarkets.com) is one of the very few that has every attribute a trader could want in spades and then some. The firm is a member of the Henyep Group, a globally diversified conglomerate with over 35 years of operational experience in financial services, property, education, and charitable activities. This broker is headquartered in London, but is also authorized and registered in London, United Arab Emirates, and Hong Kong.

HYCM is uniquely positioned in three continents with a corporate footprint in over 20 countries and 3 continents. Regulatory compliance is multifaceted, as well, under the auspices of the FCA in the UK, the SFC in Hong Kong, the DFSA in Dubai, and by way of the MiFID for the European Union. Client funds are always protected by regional compensation plans, segregated trustee accounts in top-tier banks, and by external auditor compliance. Safety and security are never an issue with HYCM, and its quality of service is above excellent, as the numerous industry awards listed on its website that have been earned since 2011 confidently denote. Unfortunately, U.S. clients are not accepted at this time.

As a large global player with 35 years of operational experience under its belt, HYCM can access the best pricing for its diverse list of investment instruments. From forex to stocks, metals, commodities and indices, a trader would be hard pressed to find a better partner in any region of the globe. Innovation and customer service are also major hallmarks of this firm, and it has been a leader in building online access to all international capital markets. Metatrader4 forms the basis of access, but it is also augmented with special features that only a firm like HYCM can provide. If you want professional quality, integrity, and excellence, HYCM has it all.

HYCM Website

Features at Henyep Capital Markets (HYCM)

Why trade with HYCM.com? The firm lists these reasons:

  • Trade with a leader with over 35 years of operational excellence and experience;
  • Headquartered in London’s financial center and in full compliance with the FCA and other major global regulatory bodies;
  • Full transparency in all matters with an emphasis on client deposit protection from local compensation schemes, external audits, and the segregation of deposits in Tier One banks away from the firm’s operational capital;
  • Broad global presence in all markets, including arrangements with major liquidity providers that provide spreads that start at 1.8 pips (lower for higher account types);
  • Trade a full array of asset choices in currency pairs, stocks, indices, and commodities, all from one integrated account with access to all capital markets through their global network;
  • Account opening process is easy with three distinct account types to suit the needs of any individual, along with a free demo account and varying benefits according to amount of activity:
  • Mini – Starts at $100 and up, with spreads as low as 1.8 pips and 200:1 leverage as an upper limit;
  • Standard — Starts at $1,000, with spreads as low as 1.5 pips and leverage of 200:1, plus additional privileges;
  • VIP – Designed for the institutional trader – Starts at $10,000 – STP ECN with no dealer desk, spreads can start at 1.5 pips and leverage can be 200:1, plus additional privileges;
  • Trading signals come free for the top two account classes;
  • Rebates based on volume of trading turnover;
  • Experienced support staff and help desk in local languages, 24X5, with a focus on excellence that only 35+ years of service can provide;
  • Free trading education and one-to-one support;
  • Significant investment in training and support materials, plus continuous commentary and market information, SMS alerts, timely market information briefs, advanced charting systems, and technical analysis tools;
  • No slippage is guaranteed, as are stop loss orders, even when volatile market conditions might prevent that guarantee with other brokers;
  • Trading platforms are designed around the highly popular Metatrader4 series, augmented with additional features to provide access from anywhere at anytime, as long as you can access the Internet.

Supported Platforms

The management at HYCM has chosen to align with Metatrader4 for its basic and web-based trading platforms, but they have also developed a brand new proprietary platform that they have named “PrimeTrader”. HYCM has also developed many innovative trading tools or widgets that can be accessed directly on the various trading platforms. These tools allow clients to better understand products, analyze trends, simulate the market, and more. HY Webtrader supports the iPhone, iPad and Android devices. The latest in 128-bit SSL encryption technology ensures that every session is private from a security purview.

Deposits and Withdrawals

As you might expect of a firm of longstanding, HYCM offers a multitude of ways to deposit and withdraw funds. These methods include all major and many minor Credit/Debit cards, Skrill (Moneybookers), WebMoney, and Bank Wire Transfers. All funds are protected through segregation and by using industry best practices that are continually audited. Withdrawals are processed promptly, especially when legally required documentation is in place. In fact, this firm receives much praise on the Internet for how rapidly and easy it is to withdraw funds, always a good sign.

Customer Support

HYCM has focused on delivering high quality customer service, from one-on-one direct support to whatever you might want in the area of training, education or strategy development. Support comes for 24 hours on any trading day throughout the world via live chat, direct phone line, fax, or email in several languages, including Russian, Chinese, Arabic, Hindi, and Urdu. Support materials are in abundance, as well, to suit all levels of client expertise from beginner to veteran.

Henyep Capital Markets (HYCM) – Conclusion

HYCM (formerly HY Markets) has established a global reputation for excellence and professionalism that is hard to come by in today’s marketplace. If you are looking for the best and prefer the comfort of knowing that your broker is heavy on compliance, especially when it comes to protecting customer deposits, then HYCM cannot be beat. As their website notes, “With over 35 years of operational history and under the leadership of a visionary management team, Henyep has become synonymous with professional and quality services. The Group is dedicated to delivering best-of-breed services to its clients and the community alike.” Going with a leader like HYCM definitely has its benefits.

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Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

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