HYCM at a glance
HYCM (Henyep Markets) is a long-established forex and CFD broker that offers MetaTrader platforms, a range of account types, and multi-asset trading across forex, indices, commodities and metals. The broker operates under multiple regional entities and serves retail and institutional clients with variable leverage depending on jurisdiction.
HYCM reports a founding year of 1977 and a head office in London, United Kingdom. It lists 2 regulators and 3 trading platforms.
BrokerBazaar verdict
HYCM is a long-established international brokerage group with a verifiable DFSA-authorised presence in Dubai. Its UAE entity has been licensed by the DFSA since September 2006 and is authorised to conduct financial services with or for retail clients. The broker provides a broad range of forex and CFD products, MT4/MT5 access and multiple account types. However, traders should confirm the exact HYCM legal entity governing their account, because trading conditions and regulatory protections can differ by jurisdiction. The current Trustpilot rating is also materially weaker than the strength of HYCM's regulatory profile would suggest and should be considered as part of the overall risk assessment.
Legal entities, regulation and licences
HYCM operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
HYCM states that it accepts clients from United Kingdom, Cyprus, United Arab Emirates, Hong Kong, Singapore, South Africa, International (excludes US and some restricted jurisdictions). Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, Stocks, Indices, Commodities, Cryptocurrencies. Platforms: MetaTrader 4, MetaTrader 5, HYCM Trader. Account types: Fixed, Classic, Raw, VIP, Corporate, Islamic.
Best-for tags assigned by our team: Forex Trading, CFD Trading, MT4 Trading, MT5 Trading, Raw Spreads, UAE Traders, Islamic Trading.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $20. Spreads start from 0.1 pips and commission is Spread-based on Classic/Fixed;…. Maximum leverage is NOT VERIFIED for the DFSA…, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Visa, Mastercard, E-Wallets. Withdrawal methods: Bank Transfer, Cards, E-Wallets.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: complaints@hycm.com. Phone: +44 203 996 4943. Complaints are typically handled via the broker's customer support channels and escalated to the regional compliance team; unresolved disputes for regulated entities can usually be referred to the local regulator's dispute resolution service.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: DFSA-authorised UAE/DIFC entity
- Strength: DFSA licence F000048 dates to 2006
- Strength: Authorised to serve retail clients
- Strength: 40+ years of group operating history
- Strength: MT4 and MT5 available
- Strength: HYCM Trader mobile platform available
- Strength: Forex and CFD access across multiple asset classes
- Strength: Minimum deposit starts at $20
- Strength: Raw spreads advertised from 0.1 pips
- Strength: Islamic accounts available
- Strength: 24/5 customer support
- Limitation: Maximum leverage for the DFSA entity is not currently verified
- Limitation: Generic HYCM leverage figures should not be automatically attributed to the UAE entity
- Limitation: Current DFSA register and HYCM website use different legal names for the UAE entity
- Limitation: Trustpilot currently shows a poor customer rating
- Limitation: Recent public reviews include complaints concerning withdrawals and account handling
- Limitation: Trading CFDs involves significant leverage and market risk
- Limitation: Specific trading conditions may vary by HYCM legal entity and jurisdiction
Who this broker suits, and who it does not
HYCM is most relevant to traders looking for: Forex Trading, CFD Trading, MT4 Trading, MT5 Trading, Raw Spreads, UAE Traders, Islamic Trading.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
HYCM change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for HYCM yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about HYCM
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 3.5/5; WikiFX 1.67/10; Google Play Store N/A/5; Apple App Store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with HYCM. How we make money. Trading leveraged products carries a high risk of loss.