- Company Henyep Capital Markets (UK) Limited
- Founded in 1977
- Online since 1999
-
Offices in
- Hong Kong
- United Arab Emirates
- United Kingdom
-
Payment options
- Credit/debit cards
- Neteller
- Skrill
- WebMoney
- Wire transfer
-
Demo platforms
- MetaTrader 4
- MetaTrader 5
-
Account currencies
- Canadian dollar
- Euro
- Great Britain pound
- United States dollar
-
Currency pairs
Show currency pairs Hide currency pairs
- AUD/CAD
- AUD/CHF
- AUD/JPY
- AUD/NZD
- AUD/USD
- BCH/USD
- BTC/USD
- CAD/CHF
- CAD/JPY
- CHF/JPY
- ETH/USD
- EUR/AUD
- EUR/CAD
- EUR/CHF
- EUR/GBP
- EUR/JPY
- EUR/NZD
- EUR/USD
- GBP/AUD
- GBP/CAD
- GBP/CHF
- GBP/JPY
- GBP/NZD
- GBP/USD
- LTC/USD
- NZD/CAD
- NZD/CHF
- NZD/JPY
- NZD/USD
- USD/CAD
- USD/CHF
- USD/INR
- USD/JPY
- USD/RUB
- USD/TRY
- XRP/USD
-
Regulated by
- Cayman Islands Monetary Authority, 1442313
- CySEC, 259/14
- DFSA (Dubai), 000048
- FCA (UK), 186171
-
Website available in
- Arabic
- Chinese
- Russian
-
Support available in
- Arabic
- Chinese
- English
-
Support methods
- Callback
- Live chat
- Phone
- Trading server time zone GMT
- Hedging
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Automated trading
- Minimum account size $100
- Minimum position size 0.01 lot
- Spread type Fixed
- Spread on EUR/USD, pips 1.8
- Expert advisors Forbidden
-
Trading instruments
- Forex1:325
- Stocks1:14
- Indexes1:89
- Soft commodities1:75
- Metals1:205
- Energies1:226
-
Trading platforms
- MetaTrader 4
- MetaTrader 5
- Digits after dot 4
- Number of currency pairs 22
-
History
Show history Hide history
- 2016-10-26 Rebranded to HYCM.
- Hedging
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Automated trading
- Minimum account size $100
- Minimum position size 0.1 lot
- Spread type Fixed
- Spread on EUR/USD, pips 1.2
- Expert advisors Allowed
-
Trading instruments
- Forex1:325
- Stocks1:14
- Indexes1:89
- Soft commodities1:75
- Metals1:205
- Energies1:226
-
Trading platforms
- MetaTrader 4
- MetaTrader 5
- Digits after dot 4
- Number of currency pairs 22
-
History
Show history Hide history
- 2016-10-26 Rebranded to HYCM.
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-Cancels-Other (OCO) orders
- One-click trading
- Browser-based platform
- Minimum account size $200
- Minimum position size 0.1 lot
- Spread type Fixed
- Spread on EUR/USD, pips 0.2
- Commission (one-way) per 1 std. lot $4
- Scalping Allowed
- Expert advisors Allowed
-
Trading instruments
- Forex1:100
- Cryptocurrencies1:10
-
Trading platforms
- MetaTrader 5
- Currenex Classic
- Digits after dot 4 or 5
- Number of currency pairs 30
-
History
Show history Hide history
- 2016-10-26 Rebranded to HYCM.
Reviews
27 reviews of HYCM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Didn't have much doubts about the broker when registered here. After working for over a year with these guys I don't have any doubts at all. Non-DD broker, good to go!
If you use pending orders at any point in your trade, then find another broker. Otherwise you are can go with them if you don’t need pending orders to execute because they don’t accept pending orders on live account (always off quotes). Also my reason for leaving them because I always have to be on the screen on live account. The allow you use pending orders on Demo account tho
Working with HYCM you should be already good at trading from my point of view. There is good conditions but for those who knows his trades. Even the materials are good for those who already knows some basics. By the way, the broker is really fair and makes all the payments in stated time.
to be honest i didnt have a wow effect after using hycm own platform. mt4 is stable and works good. i cant tell anything bad about hycm. i also use them to trade through cfd with crypto currency and in this case im very pleased with their work :)
well done platform, welcome bonuses and good pertnership programm (i earn with it even more than with trading itself). comparing with Oanda, hycm has better usability qualities. as for me app works better, and withdrawals are faster. for greens they have studing materials and so on, i like it and choose hycm.
To my mind, HYCM is a good company. They care about their clients: educational materials, fast customer support, easy transactions and good conditions for trading. Dont say it's a scam if you have problems due to your own knoweledge!!! I see there good possibilities. i started from 250$ and now i have an income for about 700$.
I have 2 years experience in live account and half a year in demo. So what can i say is that i didnt face any problem that couldnt be solved with HYCM. I trade currency pairs like USD\EUR and sometimes i like to play with metals. well, spreads are stable, there are no slippages, withdrawals are rather fast (idk maybe im just lucky) - what do you need else. they have very fast help line and they always try to help - sometimes they achieve it. my experience is very positive and i checked everything by myself. i strongly recommend and cannot agree with last opinions for sure.
Good enough. Have both positive and negative moments. I use demo now and study their materials! Now i understand and know more!! Education is the best part!
Too many off quotes, they do not allow your EA. They do not allow Sell Stop / Buy Stop, server too busy during the data time. They also tend to change your Profit orders to loss, they edit the closed orders. Be careful!
Not good broker ... 2 weeks and nearly 10 tries to order completed with Off Quote. For those who no idea about the message, this error appear when broker doesn''t give you quotes (or have no liquidity) or just don't want you to trade in the given moment of the error.
In my case they denied me to compensate me (because servers works well) and they have no idea why their servers gives such error ... SCAM broker.
Also communication is extremely slow, non informative. Live chat doesn''t respond half of the day. When it works, the responds are too slow.
If you think they compensate you when there is a trouble? Forget this idea.
I'm on the way to ask FCA and Financial ombudsman what a hell is going on with this broker and why it is now properly regulated.
My trader expert opinion: DON"T USE HY MARKETS!
I stopped trading with HY last year. I opened an account, traded for some time and then withdrew the surplus. It took me a week to trade, then a week to withdraw my money.
Please somebody explain me what kind of broker does nopt allow to saet orders? That's the first time I actually faced such a problem, They just don't let me trade the way I want to. I have my own strategies, but I cant to use them - that's because they don't let one set BUY STOP and SELL STOP. HOWISIT?!!!
Well, and it takes much time to withdraw funds. Fortunately, I had no withdrawal problems.
So, what can I say - that's not the best choice as for newbies, actually for experienced traders either.
P.S. I don't remember my account number so dear administrators, I'm sorry.
i didnt ever have any problems with withdrawal either, think that guy is a troll or just making provocations, it happens on forums
withdrew money and get it after 7 working days .
Very good broker
your money can stole in hy markets;
look at my mail
have profit in my account.
ıf you dont gıve my profıt ı wıll complaınt you to FSA
also ı wıll wrıte all of thıngs forex factory, fxstreet and the others forex forums..
you cant stole my money!!!!
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I see some advantages, like regulations (really important) and reputation. company is well-known. I'm trading there with Raw account, so my spreads are lower, but I pay $4 for each order. It was good before I decided to try intraday strategy with a lot of orders. Raw account is bad here actually, so I decided to change to ECN account, to pay only spread. I can say that manager was really not nice with my transfer, I even can say he was rude. I'm still trading there, but now I can't say that I'm 100% satisfied.