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 13.12.2024 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 13.12.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 13.12.2024 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 13.12.2024 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 13.12.2024 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 13.12.2024 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.
My first meet with this broker was not so good as I wanted, because it took to me almost a half of a day in order to sort out how to interact with the platform… y’all know, I didn’t have enough experience in trading, hence every new broekr is a real challenge to me because they are SUPER different.
Guess that it’s cool, the platform turned out to be the easiest one, but as for customer support team, then the guys answered my questiosn quite long. Or maybe it seemed to me like that, because I had an issue with verification and needed to solve this problem as fast as I could.
Generally – broker deserves being traded with. Cool spreads, but choose the type of account wisely. They are different and have lots of distinguishing features.
0
I don’t know how it took you so long to figure out the broker, because it’s super transparent and super simple. There are three types of account, about 600 instruments and two trading platforms. As for trading platforms I think that it’s not two but one, since metatrader 4 & 5 are twins. Meaning they are completely the same, with some slight exceptions.
HYCM though has one specific difference for these two platforms that could be the deciding factor for some traders. MT5 has all the shares of hycm, unlike MT4 which has a small portion of it. Other than that you’re free to choose the metatrader you like.
By the way, the broker’s customer support is quite helpful, but at the same time annoying. They ask me if I need help every time I visit the website. On the other hand there are some forex brokers where you can’t reach customer support at all. So I suppose it’s not a bad thing.
Hahaha. The support always does that. I trade with the MT5 because it feels slightly more fluid. And also because there are more instruments to trade.
The reality of the world nowadays tells us to have skills in different spheres. I always found the financial area quite fascinating. The era of endless crisis made me begin to explore forex trading. HYCM met my expectation for a broker:
1. It has a rock solid reputation and looks safe to place your money in.
2. The pricing model allows HYCM to maintain competitive spreads across all accounts. Raw account looks especially appealing with spreads from 0.0 PIPs despite the commission of $4.
3. HYCM provides hundreds of assets for its customers. Note that if you want to trade stocks, you should use meta trader 5 to be able to do so.
4. Live chat support is available in five different messengers: WhatsApp, Telegram, Viber, Facebook and Skype.
0
Hycm is a good-old friend who hep me to make first steps in trading. its safe to fund, keep and invest. well regulated. fast and polite replies from support team. no complies for withdrawal or funding. spread and fees depend from the trading style. trading platform is nice, have numbers of useful technical features, but might be better.
0
I will start with fact that this broker offers many deposit/withdrawal options. Every client can deposit to his HYCM trading account and withdraw his profit in any way convenient for him.
Broker offers most popular ways:
1) Bank wire. This is classical way, but probably most complicated. I actually didn’t use this way for many years. Typically bank transfer takes from 1 to 5 days, maybe longer.
2) Bank card. Broker is ready to make transfer from VISA or Mastercard. Such transfer takes about 1 hour.
3) E-wallet. Several of most popular wallets are available for customers to use here. Transfer to electronic wallet will take about 1 hour.
4) Especially I want to tell about possibility to deposit/withdraw HYCM trading account with cryptocurrency. This transfer will take about 3 hours.
Why didn’t I indicate exact time of transfer? Broker cannot guarantee it. HYCM makes commitments almost instantly, everything else depends on payment system.
And what about safety of funds? This question is not clear for me. Can someone tell me what about security of funds at this broker?
0
yep i have the same thoughts about hycm and i like it.
clients funds are protected by financial services compensation scheme and the investors compensation fund for up to 85 000 and 20 000.
I asked same question to HYCM customer service few days ago!
Got answer.
Broker keeps all customers’ funds in individual bank accounts. Our money is kept separate from company funds and therefore protected from any accidents!
Moreover, all funds are protected by Financial Services Compensation Scheme and Investor Compensation Fund.
wow… such a detailed review about this broker. you quite responsibly approached to writing of this review 😀
I just wanna add that this broker can be suitable for the most part of traders, as the conditions here suit both newbies and experts in trading. at least, it seems to me like that…
HYCM education section deserves special attention among other pluses of the company. There are variety of materials to level up your trading abilities. It consists of:
– Trading tools;
– Tutorials;
– Trading strategies;
– Ebooks;
– Beginner’s course;
But that’s pretty standard. They organise webinars and workshops that you can join, on a regular basis. Where the successive traders share their analysis or show their decision making in live action.
HYCM also holds offline events on different subjects.
0
I do my trading here on fix account for about half a year and now because of global market changes I decide to fund more deposit in my account and change style of investing. I earn money here on stocks mostly by using mt 4 trading platform. So, I heard that with metatrader I can automate my trading strategy. Can you give me any advice how to automate my trading here? For me, it looks like a profitable feature especially with control through smartphones.
0
I would like to dedicate my review to my trading with HYCM broker. I did not start with 100 dollars. My goal was to accumulate at least $500 to move forward and earn money. The successful orders ratio was 70 percent, no exaggeration. As a result, after six months I had a return of 65 percent. It is up to everyone to decide for himself, but it is definitely worth thinking about the chance of such earnings. Without a doubt, my life has changed dramatically.
0
HYCM is great broker to start trading. Really. appreciate to this guys 😉
0
Hycm is a broker with three different account types – fixed, classic and raw with 1.5, 1.2, 0.1 pips respectively and no commission and
+ $4 per round for raw. You can trade with forex, stocks, indices, commodities etc. Regulation and licenses are clear and open for all.
For protection of money company using segregated accounts, so clients are protected by the financial services compensation scheme up to £85000.00 and the investors compensation fund up to €20000.00.
I found all the mentioned are great advantages!
0
When I started trading here, I didn’t have “wow” effect 😀 But, it doesn’t mean that the broker is not worth the whot, it still remains one of my best ones (I trade with several brokers)
0
I am fond of forex trading andI use classical trend analysis as a primary method.
Spreads from 0.2 pips and margins from 0.5%.
Brilliant.
0
Well, from my point of view, hycm is a nice broker to deal with. First of all, hycm is a highly regulated broker with four official regulations which make it totally reliable and trustworthy. Secondly, hycm has a long history of operations as a broker. I also sounds awesome as there is high warranty that the broker will not disappear and atke your money with it.
The only thing is that such reputational security has the price. Trading conditions are a little bit expensive but it is still worth that.
0
I trade on a Raw account with this broker. Despite its name, it’s a typical ECN account that suggests trading with tight spreads with a commission. Today it’s hard to suprise with such an offer, but at least I’m grateful that it’s not a scam.
0
I opened an ECN account with this broker cuz I needed a reliable regulated broker to trade my favorite assets. I like to trade cross pairs. Pairs without euro and dollar are easier to trade for me.
Their ECn account gives good spreads on cross pairs. For example, on this account I can trade one of my favorite pairs GBP/JPY with spread 1. Of course, I need to pay $4 per round in this case but it’s OK cause it pays off for me.
0
HYCM is reliable. I can’t say it better. I alos like the fact that I can keep on trading with mt4 which is the most suitable trading platform for me.
0
I personally was impressed by the fascinating diversification of the accounts here.
Fixed account here grabbed my attention once. The acceptable sum of minimum deposit and flowing spreads from 1.2 pips were something that I also searched for.
So far I’m very please with a trading experience here and I can definitely recommend the broker.
0
I like the fact that the HYCM broker provides a choice. I mean the choice of trading conditions and spreads. Besides the fact that there are several types of accounts, HYCM also helps to make a choice.
I believe that this is a great advantage of this broker and other companies like this you will not find!
0
Recently came from HYCM trading and as a novice trader I have to go over the details.
However, one of the biggest problems is that novice traders only have a limited amount of time to spend in front of the screen, so they start with day trading. It is easy to become frustrated when trades are not successful, resulting in losses in the trading account.
That’s why I decided for myself that I’m going to try no matter what. I earned a couple hundred dollars, which is not a bad result for me. Tomorrow I will make a withdrawal request and see how it goes.
0
I thought about trading often. I realized that this is the best way to make money online and decided that I needed to learn.
I opened a demo account HYCM and started trading virtual money on MT5.
I liked it very much. I understood that this is virtual money and all my feelings may change soon, but I still continue to study.
I have a question, what type of account should I use when I open a real account? You should know that this is my first broker.
0
I think if you are a beginner then you should try an account with fixed spreads.
Floating spreads can sometimes increase to large sizes and beginners do not always understand how and when this will happen.
This is why I am giving you this advice.
It’s a good broker with a rich experience. I can call it a veteran broker. It has been working in this sphere for more than twenty years. With this fact in hand, we can hardly label it as a scam.
However, there’s one nuance that can spoil the impression of working with this broker. Keep in mind that EU regulators are very strict and they make branches of the broker working in the EU decrease leverage. If I’m not mistaken, EU branches of the broker allow to trade Fx instruments with leverage 1:30, while other branches of the broker allow to trade with higher leverage, up to 1:500.
0
I have recently opened night trading for myself. I have never thought that trading at night could be so beneficial. Let me enumerate what I get from it. First, it gives me peace of mind. At night the market is very predictable because it’s very calm. It feels like it falls asleep. Some folks say that Asian as well as Pacific assets can be naughty at night. I don’t agree with it. I think that they can be naughty during the US session only.
The second advantage flows from the first. Since the market is more predictable at night, it encourages me to trade more actively because I worry less and in turn the percentage of my winning trades ascends.
However, people often forget about one tweak that can give them an advantage in night trading. These are fixed spreads. They make your even more convenient because they stand still, although it can’t be said about floating spreads that tend to widen during this period.
0
I think that conservative traders are the main audience of this brokerage company. It’s regulated and has a very rich choice of working in this industry. It creates what we call “reliability.” However, you may lack many features here, such as more assets and new more advanced trading platforms, namely cTrader.
However, these downsides are quite questionable for many traders. By the way, the broker offers to choose between floating and fixed spreads, which is a strong advantage to my mind.
0
Are there any payment systems among withdrawal methods here?
Of course there are many payment systems among withdrawal methods here. To withdraw money you can use such methods and payment systems as debit/credit cards (Visa or Mastercard), Skrill, Neteller, Webmoney, Perfect Money or wire transfer.
And the withdrawal of money through all payment systems except wire transfer and Bitcoin system is no more than 1 hour. Withdraw via Bitcoin system takes up to 3 hours, and the withdrawal via wire transfer will take you from 1 to 5 days.
I can see that there are raw spreads and they’re small – is it really that advantageous? In what cases is it better to use it?
I’ve read many HYCM reviews and this was the main reason why I chose to trade with this broker. Look, it really makes sense.
Firstly, the feedback from many traders is extremely positive and it makes me trust this broker.
Secondly, the company has existed since the 1970s. This is an incredible figure for companies in the field of trading, most of which were founded in 2000s, even 2010s.
Third, the broker has regulations. Yes, it is written about in almost every review and I would not be unique if I wrote the same. However, for me, these three points were the most important when I chose a broker.
Of course, now, after I have tried trading with this broker, I can say other advantages:
A large number of assets, I have something to choose from to make my trading portfolio as balanced as possible.
Good trading conditions, good spreads and so on.
0
What’s better – Raw or standard account?
0
Raw is better, as it combines advantages of variable and fixed accounts. But in general, it’s a more individual question. Because for some, a standard account would be more suitable, but for some, a more specialized one. But in any case, every trader can find a suitable account with HYCM.
Back when I was just getting acquainted with hycm reviews, I was surprised that there were so many advantages, I thought it was just some kind of advertising move. Well, it can’t all be that perfect. And I was right, because I was looking for some passive earning formats, I thought I wouldn’t have the patience and strength to deal with all this on my own. And then there were tools that were offered exclusively for active work. So I decided to try it, why not. What if I could do it?
Anyway, I registered, sent the documents and started working. I liked the fact that there is a wide enough variety of tools to understand what secrets the market keeps and what you need in order to start working.
In fact, at first I had a real swing. One order with profit. Two orders with loss. Two orders with profit. One order with loss, etc. But gradually everything became more calm. I picked up a couple of strategies that I understand well and started working with even more pleasure.
So do not give up the opportunities that you have been given. Do not be afraid of difficulties. Things can be much better than you expected.
0
A worthy company, one of the best among the available for “ordinary” traders. Of course, if you have a few hundred thousand dollars, you can find a broker even better, but we are all ordinary people here, right? Among brokers, “for an ordinary trader” is one of the best.
1. There are regulations. It’s very corny, I know. But hell, it’s the most important thing! You have to be sure that in case of problems you can get money legally. Even if the broker seems to be 100% reliable.
2. The broker seems to be 100% reliable. The company has existed for over 40 years and the broker is reliable, but this doesn’t cancel point 1.
3. There are three types of accounts, I prefer Raw ($4 commission for any order + low spreads). If you prefer Standard, it is also available, you can choose Standard.
Quite a detailed review, which once again confirms that there are normal, I would even say adequate conditions for constant trade. And the minimum deposit is available for everyone.
It took a long time to make this decision about funding the account here. Company looked very reliable, so I dared to try trading live here after a couple months of demo trading. Executions don’t work exactly same as they did in demo, but fellow traders explained its normal. I don’t have any other concerns so far.