HYCM (Henyep Capital Markets) review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared HYCM (Henyep Capital Markets) with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. HYCM (Henyep Capital Markets) legally operates in the European Union and United Kingdom thanks to CySec, FCA and CIMA licenses.


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/
Readers' rating24 Votes
82
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: Yes
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:MetaTrader 5
Social trading:No

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/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/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: ForexOptimum, Axiory, RichmondFX and IFGM

Leave A Review
Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
80
Spread and fees
79
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
80
Customer support speed, availability, availability in the language you speak
80
Based on 55
81
Average rating from reader reviews

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.

Is this an ad?

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.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating748 Votes
83
100 USD 1.0 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview  EUR/USD*: 1.0 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of Etoro.
76% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating768 Votes
86
0 0.9 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of XTB.
Readers' rating475 Votes
79
100 USD 0.8 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of Plus500.
In-house built CFD platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 22.03.2024 at 11:12 from the web or trading platform of Plus500.

* 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 76% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

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.

HYCM (Henyep Capital Markets) review & user ratings

Forum, opinions and user reviews

  1. Erkki Ahonen says:

    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.

  2. Richard Dean says:

    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.

  3. Gaspar R says:

    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.

  4. Ivan Vink says:

    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.

  5. Julian says:

    Shares trading with Hycm is a real joy. MT5 and stocks are a match made in heaven.

  6. Jeffrey Green says:
    82.5
    Enjoy leveraged trading

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    80
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    80
    Customer support speed, availability, availability in the language you speak
    80
    0
    0
  7. Abdul M. says:

    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.

  8. Simon says:
    80
    That’s a top-notch broker

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    70
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    80
    Customer support speed, availability, availability in the language you speak
    80
    0
    0
  9. Admes Pavlis says:

    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.

  10. Hector says:
    88
    Don't be surprised

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    75
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    97
    Customer support speed, availability, availability in the language you speak
    90
    1
    0
  11. Arpit Kata says:

    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.

  12. Brent Shelton says:
    89
    I am completely satisfied

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    84
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    87
    Customer support speed, availability, availability in the language you speak
    95
    0
    0
  13. Ruben Rubio says:
    91.3
    Maximum credibility

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    90
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    90
    Customer support speed, availability, availability in the language you speak
    95
    0
    0
    1. Riccardo says:

      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.

  14. Franck says:

    nice account types, but mt’s software annoyed me for real.

  15. Javier Herrero says:
    85
    It’s a normal broker

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    90
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    80
    Customer support speed, availability, availability in the language you speak
    80
    0
    0
  16. Marco Braun says:

    One of the most comprehensive and asset-rich brokers I have seen when it comes to indices.

  17. Sven Holmberg says:
    90.3
    That's the business

    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

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    87
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    94
    Customer support speed, availability, availability in the language you speak
    90
    0
    0
  18. mahfud says:

    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.

  19. Cesare Galanos says:
    85
    My review

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    80
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    83
    Customer support speed, availability, availability in the language you speak
    87
    0
    0
  20. denis antunes says:
    92.5
    A few words about customer support

    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.

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    90
    Spread and fees
    90
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    95
    Customer support speed, availability, availability in the language you speak
    95
    3
    0
  21. Tobias says:

    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.

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