HYCM review
Trust 7.8/10Part of the Henyep Group operating since 1977 in financial services. FCA and DFSA-licensed with a Fixed account that suits volatile-period trading and a Raw account for tight ECN-style execution.
FCA
DFSA
CIMA
HQ United Kingdom
Est. 1989
Segregated client funds. Affiliate link — supports the site at no cost to you.
At a glance
Min deposit
$100
Max leverage
1:500
EUR/USD spread
0.20 pips
Commission
$8/lot
Pros
- Backed by Henyep Group since 1977
- FCA, DFSA and CIMA regulation
- Fixed-spread account for news trading
- Strong Middle East presence via DFSA
- Negative balance protection
Cons
- Surrendered CySEC licence in 2024
- No cTrader or TradingView
- No copy trading platform
- Inactivity fee after 90 days
- No US clients
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.20 pips |
| Commission per standard lot | $8 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | 24 hours |
| Deposit methods | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Base currencies | USD, EUR, GBP |
Best for
Swing traders
Day traders
Algo traders