Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from HYCM (Henyep Capital Markets) review
About the broker
| Web: | https://www.hycm.eu/ |
| License: | CySec FCA CIMA |
| Supported languages: | Czech, English, German, Polish, Spanish, French, Swedish, Vietnamese and Russian |
| Year of foundation: | 1977 |
| Headquarters: | 18 King William Street London, EC4N 7BP, United Kingdom |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | support@hycm.com +357-25-24-5751 |
| Deposit methods: | Bank transfer, Debit and Credit Cards, Skrill, Neteller, |
| Withdrawal methods: | Bank transfer, Debit and Credit Cards, Skrill, Neteller, |
About trading with HYCM (Henyep Capital Markets)
| Minimum deposit: | 100 USD |
| Min. trade: | 0.01 |
| Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 1.4 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (40), stocks (10), commodities (10), indexes (26) |
| Demo account: |  |
| Mobile app: | |
| MetaTrader 4: | |
| Other trading platforms: | MetaTrader 5 |
| Social trading: |  |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at HYCM (Henyep Capital Markets), of course you can find current info on their website https://www.hycm.eu/.
Spreads at HYCM (Henyep Capital Markets) on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 1.4 |
* Spread was taken 31.05.2019 at 14:56 from the web or trading platform of HYCM (Henyep Capital Markets).
Random reviews of competing CFD brokers: IFCMarkets, GFCInvestment, WesternFX and Land-Fx
Frequently Asked Questions
🧐 Is HYCM (Henyep Capital Markets) a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if HYCM (Henyep Capital Markets) is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with HYCM (Henyep Capital Markets) is very simple, just register on their website.
📱 Does HYCM (Henyep Capital Markets) offer the best mobile app for trading?
HYCM (Henyep Capital Markets) offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the HYCM (Henyep Capital Markets) mobile app.
⚖️ Would you recommend me HYCM (Henyep Capital Markets)?
HYCM (Henyep Capital Markets) is one of tens (possibly hundreds) of brokers operating in the European Union and United Kingdom, and that's why it makes no sense to choose HYCM (Henyep Capital Markets) as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 15.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with HYCM (Henyep Capital Markets), please share it in the comments to help others to choose the suitable broker.
I can describe hycm in the couple of very easy adjectives and words
-They are top security company
-They are very highly regulated
-They offer very competitive prices, fees, spreads
-Withdrawals are easy
-WIthdrawals are secure
-Funding is easy
-FUnding is secure
-SUpport is always on time
-Support guys all are kind and want to help
I guess this is how every broker should look but there are only a couple of them. And one is hycm.
Without argument, this broker is fantastic. I would’ve loved a social trading feature to make a little extra on the side, but HYCM serves all of my trading needs. The spreads are very good, the leverage as well, and execution is just right. I couldn’t ask anything more.
The only thing that is missing at this broker is the social trading feature. If they will add it in the future the broker would be perfect as for me.
1977? Realy?
I had absolutlely no clue that this broker has so many years under its belt.
This fact in and of itself is an indicaton of a trustworthy broker that has gained a lot of respekt and knowledge from the industry.
I honestly value such veteran broekrs so much. I think that companies like HYCM are the best places to trade for newbies espsecially.
Shares trading with Hycm is a real joy. MT5 and stocks are a match made in heaven.
If you join this broker, you will have here forex CFDs with spreads from 0.1 pips and maximum leverage 1:500. Many brokers confine leveraged trading due to high volatility during sessions overlaps, and important financial news releases, while here you can fully enjoy it.
0
That’s a legitimate broker with good conditions. It’s also one of the oldest brokers, but it doesn’t matter. You can trust it but the convenience of using its services depends on local regulation.
I have been working with HYCM for about a year. Before joining them, I have come a long way, and I tried many brokers. They were different, and some of them were even scams. Nevertheless, I didn’t lose my desire to trade.
It’s good in many regards. I can recommend it.
0
You can find a surprisingly wide range of markets and very good trading trading conditions. The broker’s roots have been based on a solid foundation, so you won’t have any problems with reliability.
You’ll be pleased with this broker and what it can do for you. Don’t be surprised when you’re gonna look forward to read their next article and generate ideas based on it.
0
I have been trading with this broker for a few months now and have had a great experience. Their customer service is top-notch and their educational resources are very helpful; the webinars and the blog especially.
However, I did expect more from the broker in terms of trading platforms. I hoped to see a novel custom trading platform, but we get the MTs. Still good platforms though.
From the very first day that I trade with this broker I am satisfied with everything I have to interact with.
For example, I am completely satisfied with the trading platform that HYCM provides me.
It is a time tested, quality and reliable trading platform.
0
It seems like HYCM is one of few brokers in the forex industry that has a spotless reputation. Despite the company having decades of brokerage experience, its name never appeared in some sort of questionable situations.
And the level of transparency is admirable too. The broker doesn’t hide the information whether it’s on the website or in the personal account area.
On top of that there is always an option to contact client support, these guys know all the answers.
0
Sure they do have all the answers. That is what they do; stay relevant and spotless. Indeed, we see the value of a good name here.
nice account types, but mt’s software annoyed me for real.
The broker definitely deserves to the group of trustworthy ones. Really, it’s hard to label it as a scam given its huge experience in the industry – more than twenty years. Needless to say, it’s regulated. The trading conditions are also good.
0
One of the most comprehensive and asset-rich brokers I have seen when it comes to indices.
It’s a rough market out there. Trading is a highly competitive area, so you need a partner that you can trust and that help you be as competitive. HYCM has the engine and the juice to make that happen
0
HYCM does many things right. This type of effective operation definitely had to come with its long years in the industry. But I did expect more. More like a proprietary trading platform, copy trading, and so on. The broker should lead in the market and also be an industry innovator.
HYCM is a broker with a story and that proves its reliability. I trust this company my funds and sure in it for one hundred percent. Services here are of high quality, so I don’t think there is any need in other broker.
0
I have seen many reviews that HYCM is a reliable broker. That its reliability is shown in the services and tools it provides.
But in my opinion the reliability is also shown in the customer support. The customer service is perfect. They are ready to help everyone. And they do it very quickly. I agree that the broker’s customers don’t often turn to them for help, but nevertheless they are always ready.
0
I trade here on fixed account, because it’s the best way to evade high volatility. Spreads widen a bit, but it’s not so critical. Overall conditions are quite attractive.