Things About HYCM Broker That You Don't Know About

This HYCM review provides a detailed examination of the broker's regulatory framework, licensing coverage, trading conditions, and overall standing based on information available on WikiFX. As a global broker regulatory query platform, WikiFX evaluates brokers using measurable criteria such as regulatory authorisation, compliance records, field survey findings, and exposure reports submitted by users.

According to WikiFX, HYCM holds a WikiScore of 7.17 out of 10, placing it in the mid to upper range among globally tracked brokers. However, WikiFX has noted that the score was further reduced due to a high volume of unresolved client complaints, and the platform has recorded a total of 12 user complaints against the broker. Additionally, four public disclosures have been issued by global regulators in relation to HYCM, and two negative field survey reviews have been accumulated on the platform.

These factors, taken together, create a nuanced picture that traders should examine carefully even when dealing with a multi jurisdiction regulated entity. For anyone researching the HYCM broker, broker HYCM, or HYCM regulation, these findings deserve careful consideration.

View WikiFX's full review on HYCM here: https://www.wikifx.com/en/dealer/0001363724.html

Basic Information

HYCM is operated by HYCM Capital Markets S.R.L., with the UK entity incorporated as HYCM CAPITAL MARKETS (UK) LIMITED, registered on 8 December 1993. The broker has been in operation for over 20 years and markets itself as having a track record of more than 40 years in the financial industry. Its primary website is henyep.com and its customer support email is support@hycm.com. The contact number for the UK office is +44 203 996 4943, and the registered UK address is 27 to 28 Clement's Lane, St Clement's House, London EC4N 7AE.

HYCM offers trading applications on both iOS and Android, with the proprietary HYCM Trader app recording over 59,000 downloads. The broker also maintains separate Chinese language apps reflecting its orientation towards Asian client markets.

Traders looking for the HYCM login page should always ensure they are using the broker's official website before entering account credentials.

Financial Conduct Authority United Kingdom

HYCM's primary licence is a Market Making Licence issued by the UK Financial Conduct Authority, held by HYCM CAPITAL MARKETS (UK) LIMITED under licence number 186171, effective from 1 December 2001.

The FCA is widely regarded as one of the world's most stringent financial regulators. Firms authorised by the FCA must meet demanding requirements across capital adequacy, client fund segregation, conduct of business obligations, and investor dispute resolution. The FCA also maintains the Financial Services Compensation Scheme, which provides eligible clients with compensation of up to £85,000 if a firm fails.

From a HYCM regulation perspective, the FCA licence represents the most significant and protective element of the broker's regulatory structure. For traders based in the United Kingdom or onboarded under the UK entity, this licence provides a meaningful level of investor protection that distinguishes the HYCM broker from offshore only brokers.

Dubai Financial Services Authority United Arab Emirates

HYCM also holds a Derivatives Transmission Licence issued by the Dubai Financial Services Authority, held by HYCM Limited under licence number F000048, effective from 19 September 2006.

The DFSA regulates financial services within the Dubai International Financial Centre and is recognised as a credible regulatory authority for the Middle East and Gulf region. Its requirements include capital adequacy standards, client asset protection rules, and conduct obligations aligned with international norms.

This licence supports HYCM's operations in the UAE and the wider Gulf Cooperation Council region. However, a 2025 WikiFX news item reports that HYCM completed a management buyout and sold its Dubai unit during a major structural reorganisation. Traders should verify which entity currently governs their account.

Field Survey Findings

WikiFX has conducted field surveys at multiple HYCM addresses with mixed results.

A survey at the UK address found no physical presence associated with HYCM.

A similar result was recorded in Hong Kong.

However, a Cyprus field survey confirmed the existence of an operational office.

These findings suggest traders should independently verify the operational entity responsible for their account.

Regulatory Disclosures

One of the most important findings in this review HYCM is the existence of four public regulatory disclosures recorded on WikiFX.

Malaysia's Securities Commission has placed HYCM on its Investor Alert List for offering trading services without a locally issued licence.

Indonesia's BAPPEBTI has included HYCM among illegal commodity futures trading websites blocked under Indonesian law.

The UK FCA also issued a warning regarding a clone firm impersonating HYCM. Although this warning relates to a fraudulent third party rather than HYCM itself, it highlights the importance of confirming that any HYCM login page belongs to the genuine broker.

A fourth disclosure is also recorded on WikiFX, further contributing to the caution flags associated with the broker.

Trading Conditions

HYCM offers three account types: RAW, CLASSIC, and FIXED, each with a minimum deposit of $20.

• RAW Account: Spreads from 0.1 pips with commission
• CLASSIC Account: Spreads from 1.2 pips with zero commission
• FIXED Account: Fixed spreads from 1.5 pips with zero commission

Maximum leverage is 1:500, although some jurisdictions may allow higher leverage. Minimum trade size is 0.01 lots and Islamic accounts are available.

The broker provides access to HYCM Forex trading alongside CFDs on commodities, stocks, indices, and cryptocurrencies.

Trading platforms include MT4, MT5, and HYCM Trader across web, Windows, iOS, and Android. WikiFX records three MT4 servers and one MT5 server operating under full licences.

Deposit and Withdrawal

HYCM supports Visa, Mastercard, Neteller, Skrill, Crypto, AstroPay, WebMoney, PayTrust, Fasapay, Zotapay, Lipi, and bank transfer.

There are no deposit fees. Most digital withdrawals are processed within 24 hours, while bank transfers generally require one to four working days.

Conclusion

This HYCM review outlines a HYCM broker with a WikiScore of 7.17 out of 10, a primary FCA licence in the United Kingdom, a DFSA licence in Dubai, and a history spanning more than 20 years. The broker also offers HYCM Forex trading through established platforms including MT4 and MT5.

However, traders should also consider the four regulatory disclosures, multiple field survey findings, and numerous user complaints before making a decision. Anyone evaluating broker HYCM, review HYCM, HYCM regulation, or planning to access the HYCM login portal should first verify which regulatory entity will hold their account. The FCA regulated entity provides the strongest level of investor protection, making this an important factor when choosing to trade with HYCM.