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: ForexOptimum, Axiory, RichmondFX and IFGM
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 26.04.2024 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 26.04.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 26.04.2024 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 26.04.2024 at 11:12 from the web or trading platform of XTB. |
 | | 100 USD | 0.8 pips Spread was taken 26.04.2024 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 26.04.2024 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 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.
The pricing on the accounts is surprisingly good. Even on the Fixed, all the assets are easily tradable.
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I’ve never complained about my cooperation with hycm, because this company is entirely pure. Yeah, perhaps, it may have some downsides, but they seem to me minor, that’s why I ain’t have any plans to change it over.
Several account types with fixed and floating spreads; Fast withdrawal of money; Pleasant client support team. I am full with it.
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I think it belongs to the elite group of brokers. It’s probably one of the oldest brokers today. I’m very conservative and think that the longer the broker works in the industry the more reliable it is. I think it’s very logical.
I’ve been trading with the broker for more than a year. I learned about it from hycm reviews. It acts as a reliable partner. I was never interested in its license. The legal side has never been the object of my interest. For me it’s enough that it’s an old broker that certain has gained a very good reputation for two decades.
As for the trading side, it is also good because the trading conditions are quite versatile. It offers fixed and floating spreads of different tightness, commission-free trading, etc.
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Very reliable. Maybe one of the most reliable in the market at the moment. At least I don’t know another broker that would have such a rich brokerage history.
And it’s not only that, it’s the whole package. Trading conditions, attitude to the customers everything is of the top quality.
Don’t get me wrong, I consider this company old in a good way. They have prominent roots but they are keeping everything qutie modern. You’ll get a great platform, affordable costs to trade, high quality service and the assets you need. What else could you possibly want tho? Right?
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it’s tough to judge bout’ this broker as these days it’s my primary one.
everything you need or daily trading is provided by this company and I am really delighted that once I joined it.
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I knew about HYCM way before I started trading. Company was created when I didn’t know what trading is. Hence its services are so well developed and conditions are designed so to please clients with different background. I bet everyone can say the same about its quality.
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Fine broker.
HYCM is really out there. Great quality of services.
account types, trading with expert advisors, multi-regulated broker, what to complain about guys? this company provides clients with a full kit of contem[porary tools for trading activity.
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It’s kinda true. Everything that modern trading is associated with, you can find at Hycm.
On top of that all this trading environment is backed up by decades of brokerage experience. That makes it one of the credible broker out there for sure.
There is nothing bad to say about HYCM. It is a credible broker with a bunch of useful trading features. Maybe one thing that I personally would like to see it’s the custom platform, in addition to MTs.
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Simplicity and solidness
I recently registered here to be able to trade at a place, which has a robust history in the market. I have not completely explored the platform, just did a few trades, and it all looks good from my point of view. The cost of trading seems to me acceptable. I am sort of obsessed with the safety issues and this broker has that. Speed is also an important subject, it is there too. What I want to understand is, is the type of leverages mentioned apply to all instruments? For example can I use 1:500 in all forex pairs?
I saved my time on testing this broker. Instead, I followed the recommendation of my cousin. He already trades here. That’s so great he’s right and the broker’s really worth working with.
HYCM is an institution that has one of the most accommodative, well-entrenched and robust roots out there in the industry of high-quality brokerage services provision. Seems like they are inside this industry for ages, and they are still continuing their operations, which obviously ought to tell you that they are serious about it and they are in the business for the long run.
I think, being as reliable as they are, ceaselessly upgrading their services up to the highest level possible, supporting traders around the world with both MT versions, low costs of trading, offering them great support make them a serious institution make them valuable in the sector. A lot of oldschool trader knows about this, because it is evident in HYCM reviews.
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Hycm offers MetaTrader 4 and 5 as trading platforms. Nice platforms for any type of trader
Very professional broker with the client-oriented approach to its business. I have been working with it for six months and I’m not going anywhere.
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That’s a classical veteran broker that means safety and reliability for conservative traders. Even if this broker has a downside, it’s not its fault, but its regulators’ (small leverage).
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Do they offer just a few cryptocurrencies or a wide range of different altcoins on metatrader 4 and metatrader 5 platforms?
As far I am concerned there are many cryptocurrency pairs available for trading.
In fact, all of them might be traded and broker even provides clients with the detailed information concerning spreads on various account types, min. trade size, leverage info and so on (it’s 1:20 if I am not mistaken).
Yeah, only 4 crypto pairs are available for trading on both MT platforms. BTC, XRP, LTC and ETH are available for both platforms, while other cryptos can be traded only on MT5. In fact, it’s okay, as many crypto enthusiast tend to trade popular ones. At the same time, there is a very little number of traders who are waiting for certain crypto to go like a rocket and trade it.
I very much respect this broker and the experience it has had in the financial markets. It is obvious that the quality of this broker has been refined over time and this makes HYCM a top tier broker.
Lots of stocks available for trading at this broker. Choose the MT5 platform to get the access to the full list of the stocks.
Honestly when I see a broker with such a regulation and brokerage record, trading conditions become secondary for me. As you can’t fake the amount of years on the market, unlike trading conditions.
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The broker is quite attractive for me. It’s regulated, has much experience of working in the industry. The main con here is its outdated platforms.
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Considering the compensation fund protection, a number of licenses by independent regulators and being audited, it looks like HYCM is quite a safe place for traders to put their money in and trade. What exactly I could not wrap my head around is: how swift are the witdrawal operations?
As far as I know, withdrawal speed depends on payment system which trader uses. Broker withdraws funds as fast as possible. The rest is up to bank or e-wallet that you use.
This is a trusted broker as they have been in service for many years; This gives me a lot of comfort. I have also been enjoying the incredible service offered by the support. Being quick, polite and professional are all the things I know them for doing excellently.
as for the spreads, then I’d advise traders to pay attention to RAW account. yeah, it’s imperfect, as well as the rest two ones, nevertheless the spreads are the tightest here.
customer support, btw helped me to sort out which account type will be the most suitable for my needs.
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I read some articles about fixed spreads. They were quite uncertain but nevertheless, they sparkled an interest in fixed spreads. You know there are not many brokers providing fixed spreads. So, I signed up with HYCM, tried fixed spreads on the Fixed account, and saw nothing special. Then I tested their Raw account in a demo mode and it was much better. Now I trade on the real Raw account and don’t mind paying a fee.
Apparently, it is normal when a broker receives such size fees. I have compared several brokers, and it seems to be average size.
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Spreads from 0.1 pips? For 200$ min. deposit? Is it real? Yeah, it’s real guys… This awesome feature might be found at HYCM.
It was pretty surprising for me to detect such low spreads. Hence I decided to stop here. There were tons of candidates, but HYCM overran all of them in my personal list.
Think that I will trade with this broker until my days are over…
What can I say about Hycm forex broker? It is a highly customer oriented company that is working for a long time in this market. Security of funds is what characterizes hycm forex broker the best. I didn’t have a slightest concern when I deposited my money. Well, I had one concern, if I would be able to make sustainable profits. But not about the broker’s reliability.
Want to also mention the client support of hycm. I’m not sure if it’s a compliment or not but the customer support is very persistent. They always want to communicate even when I don’t.
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The whole platform works without any errors. I tested it couple of times and specially tried to make lots of deals per short time frame, like scalpers, you know… The spreads here aren’t so tight, but maybe everything because I tried to trade when there was a high volatility on the market, I dunno….
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The strongest sides of HYCM are the credibility and metatrader platforms. Nothing to say about assets pricing, it’s market average, and it depends on the trading account. Overall great place for relaxed trading.
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Few days ago in our group chat my friends and I were discussing how safe HYCM broker is. I want to share our conclusions with everyone!
HYCM is place where customers’ funds are safe. Here is list of proofs:
1. Financial Services Compensation Scheme (FSCS) protects clients’ funds.
2. Investor Compensation Fund (ICF) protection
3. Data protection by international banking standards
4. FCA and CySEC license
5. MiFID compliance (EU financial markets and investment laws)
6. Annual independent audit by BDO.
I think this is very impressive evidence that our funds are protected!
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