HYCM is based in London and has been operating on the financial market for decades. In 1977, Henyep Group was established and was starting to provide financial trading and investing services.
In 1998, Henyep Capital Markets (HYCM) obtained an FCA license in the UK. HYCM also has offices in Hong Kong, Dubai, Kuwait and Cyprus.
HYCM is well known throughout the world as one of the oldest and reputable brokers. The official HYCM website has more than 500,000 visits per month.
They offer several well-known platforms making it easy on both new customers and those transitioning from a different trading platform.
MT4
MetaTrader 4 is one of the best-known names in the industry. User-friendly and with an easy to navigate interface, it is suitable for all Forex traders. Equipped with Expert Advisors feature facilitating automatic trades, it is probably one of the best choices available on the market.
MT5
MetaTrader 5 is a powerful multi-functional, multi-asset platform featuring advanced technical analysis, fundamental analysis, flexible trading systems and compatibility with automated trading applications (trading robots, Expert Advisors).
MT5 offers additional timeframes and services, including 21 timetables, six types of pending orders, and an integrated fundamental economic calendar.
Depending on your trading requirements HYCM offers three different account types
Micro Account is best suited for new traders. The minimum required a deposit is $100. Leverages go up to 1:500 and the minimum fixed spread is 1.8.
Standard Account is for more experienced traders. With the minimum deposit o $1,000, Standard Account comes with leverages up to 1:300 and the spread of 1.5.
VIP Account is designed for professional traders. It requires a deposit of $10,000 and comes with no limitations. All products and services are available to VIPs.
Islamic Account: Islamic accounts are available for all three levels for traders compliant with the Sharia law.
Pros
Metatrader 4 Metatrader 5 great reputation in Business for over 40 Years Strong regulations (FCA, CYSEC) competitive spreads Offering fixed spreads
Cons
Maximum Leverage is low compared to other brokers Payment methods are limited
Editor Rating
Rated 4.5 stars
Outstanding
80%
HYCM Review
Reviewed by: Author
Published on: July 2, 2019
Last modified: December 17, 2020
Crypto's Offered
Editor: 85%
Trading Conditions
Editor: 78%
Trading experience
Editor: 78%
Support
Editor: 72%
HYCM is one of the most trusted, oldest and experienced brokers out there, you can not really go wrong here