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HYCM Capital Markets -

Suspicious Clone

Score

1.31 /10

Danger

HYCM Capital Markets

Item: HYCM Capital Markets
Rating: 1.31

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

https://cn.hynew.co.uk/cn

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Comparison

Quantity 1

Exposure

Open Account

Website

Score

Regulatory Index0.00

Business Index5.48

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account

Website

Licenses

FCA Suspicious Clone

Market Making(MM)

CYSEC Suspicious Clone

STP

DFSA Suspicious Clone

Retail Forex License

CIMA Suspicious Clone

Common fin.

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

open now

Broker Information

Company Name

HYCM Limited

Company Abbreviation

HYCM Capital Markets

Platform registered country and region

United Kingdom

Company website

https://cn.hynew.co.uk/cn

Company summary

Pyramid scheme complaint

Expose

HYCM Capital Markets · Company summary

HYCM Review
Founded	2006
Registered Country/Region	UK, Cayman Islands, UAE, St. Vincent & Grenadines
Regulation	Suspicious Clone (FCA, CIMA , DFSA)
Market Instruments	Forex, Commodities, Indices, Shares
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.2 pips
Trading Platform	MetaTrader 4 (MT4), MetaTrader 5 (MT5), HYCM WebTrader
Min Deposit	$700
Customer Support	Phone:+44 (0) 20 7614 4670
	Email:support@hycm.com
	24/7 Online Chat:Yes
	Physical Address:18 King William St, London EC4N 7BP, UK

HYCM Information

HYCM provides trading across indices, commodities, currency, and shares under several regulations. Along with its own WebTrader, which suits both novice and expert traders, it supports well-known systems including MT4 and MT5. Minimum deposit $700, and leverage up to 1:500.

Pros and Cons

Pros	Cons
Offers leverage up to 1:500	High overnight swap rates, (EUR/USD long position at 3.25%)
Provides access to over 300 trading instruments, including 70 forex pairs	Minimum deposit of $700
	Suspicious Clone

Is HYCM Legit?

HYCM operates as a suspicious clone entity.

Category	FCA	CySEC	CIMA	DFSA
Regulatory Status	Suspicious Clone	Suspicious Clone	Suspicious Clone	Suspicious Clone
License Type	Market Making (MM)	Straight Through Processing (STP)	Common Financial Service License	Retail Forex License
Regulated By	United Kingdom	Cyprus	Cayman Islands	United Arab Emirates
License Number	186171	259/14	1442313	F000048
Effective Date	2001/12/1	2014/11/26	2018/5/17	2006/9/19

What Can I Trade on HYCM?

HYCM offers a over 300 trading instruments, including 70 forex pairs, indices, commodities, and shares.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
ETFs	❌
Cryptocurrencies	❌

Account Types

HYCM offers 4 main account types. They are Fixed Micro Accounts, Fixed standard account, Floating Pro Account and Floating institutional/VIP accounts.

Account Type	Fixed Micro Account	Fixed Standard Account	Floating Professional Account	Floating Institutional/VIP Account
Suitable Users	Suitable for beginners or investors with small funds	Suitable for experienced investors seeking lower spreads	Suitable for investors prioritizing faster order execution	Suitable for institutions or VIPs trading spot and CFD products
Spread Type	Fixed Spread	Fixed Spread	Floating Spread	Floating Spread
Minimum Spread (EUR/USD)	1.7	1.5	1.2	0.1
Minimum Deposit Requirement	≥ $700	≥ $700	≥ $700	≥ $20,000
Minimum Trade Size	0.01 standard lot	0.1 standard lot	0.01 standard lot	1 standard lot
Minimum Lot Increment	0.01 standard lot	0.1 standard lot	0.01 standard lot	1 standard lot
Maximum Trade Volume	5	20	20	20
Maximum Position Size	5	50	50	50

HYCM Fees

Spreads & Commissions

HYCM offers different spreads depending on the account type:

Fixed Micro Account: Spreads start at 1.7 pips (e.g., EUR/USD).

Fixed Standard Account: Spreads start at 1.5 pips.

Floating Pro Account: Spreads start at 1.2 pips; $4/lot commission applies for VIP accounts.

Floating VIP Account: Spreads start at 0.1 pips; $4/lot commission.

Account Type	EUR/USD (pips)	USD/JPY (pips)	GBP/USD (pips)	Commission
Fixed Micro Account	1.7	2	2.2	$0
Fixed Standard Account	1.5	1.8	2	$0
Floating Pro Account	1.2	1.2	1.2	$4/lot
Floating VIP Account	0.1	0.2	0.4	$4/lot

Swap Rates

Overnight swap rates apply by instrument. For example:

EUR/USD: -3.00% (long) / +0.00% (short)
GBP/USD: -1.50% (long) / -1.50% (short)

Trading Platform

HYCM provides MT4, MT5, and its proprietary WebTrader.

Trading Platform	Supported	Available Devices	Suitable For
MetaTrader 4 (MT4)	✔	PC, Mac, Android, iOS	New traders
MetaTrader 5 (MT5)	✔	PC, Mac, Android, iOS	Experienced traders
HYCM WebTrader	✔	Browser-based	Flexible access anywhere

Deposit and Withdrawal

HYCM does not charge deposit or withdrawal fees. Minimum deposit starts at $700.

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer	$700	$0	1-3 business days
Credit/Debit Card	$0	$0	Instant
Skrill/Neteller	$700	$0	Instant

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Warning: Low score, please stay away! 6

Previous Detection : 2024-12-23

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The United KingdomFCA regulation (license number: 186171) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Severe Slippage

Slippage is severe, stop-loss were not executed, compensation is refused

Severe slippage, refusal to compensate, avoid to use this platform

FX3914275346

2024-08-14 10:22

HYCM Capital Markets · Company summary

HYCM Review
Founded	2006
Registered Country/Region	UK, Cayman Islands, UAE, St. Vincent & Grenadines
Regulation	Suspicious Clone (FCA, CIMA , DFSA)
Market Instruments	Forex, Commodities, Indices, Shares
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.2 pips
Trading Platform	MetaTrader 4 (MT4), MetaTrader 5 (MT5), HYCM WebTrader
Min Deposit	$700
Customer Support	Phone:+44 (0) 20 7614 4670
	Email:support@hycm.com
	24/7 Online Chat:Yes
	Physical Address:18 King William St, London EC4N 7BP, UK

HYCM Information

Pros and Cons

Pros	Cons
Offers leverage up to 1:500	High overnight swap rates, (EUR/USD long position at 3.25%)
Provides access to over 300 trading instruments, including 70 forex pairs	Minimum deposit of $700
	Suspicious Clone

Is HYCM Legit?

HYCM operates as a suspicious clone entity.

Category	FCA	CySEC	CIMA	DFSA
Regulatory Status	Suspicious Clone	Suspicious Clone	Suspicious Clone	Suspicious Clone
License Type	Market Making (MM)	Straight Through Processing (STP)	Common Financial Service License	Retail Forex License
Regulated By	United Kingdom	Cyprus	Cayman Islands	United Arab Emirates
License Number	186171	259/14	1442313	F000048
Effective Date	2001/12/1	2014/11/26	2018/5/17	2006/9/19

What Can I Trade on HYCM?

HYCM offers a over 300 trading instruments, including 70 forex pairs, indices, commodities, and shares.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
ETFs	❌
Cryptocurrencies	❌

Account Types

HYCM offers 4 main account types. They are Fixed Micro Accounts, Fixed standard account, Floating Pro Account and Floating institutional/VIP accounts.

Account Type	Fixed Micro Account	Fixed Standard Account	Floating Professional Account	Floating Institutional/VIP Account
Suitable Users	Suitable for beginners or investors with small funds	Suitable for experienced investors seeking lower spreads	Suitable for investors prioritizing faster order execution	Suitable for institutions or VIPs trading spot and CFD products
Spread Type	Fixed Spread	Fixed Spread	Floating Spread	Floating Spread
Minimum Spread (EUR/USD)	1.7	1.5	1.2	0.1
Minimum Deposit Requirement	≥ $700	≥ $700	≥ $700	≥ $20,000
Minimum Trade Size	0.01 standard lot	0.1 standard lot	0.01 standard lot	1 standard lot
Minimum Lot Increment	0.01 standard lot	0.1 standard lot	0.01 standard lot	1 standard lot
Maximum Trade Volume	5	20	20	20
Maximum Position Size	5	50	50	50

HYCM Fees

Spreads & Commissions

HYCM offers different spreads depending on the account type:

Fixed Micro Account: Spreads start at 1.7 pips (e.g., EUR/USD).

Fixed Standard Account: Spreads start at 1.5 pips.

Floating Pro Account: Spreads start at 1.2 pips; $4/lot commission applies for VIP accounts.

Floating VIP Account: Spreads start at 0.1 pips; $4/lot commission.

Account Type	EUR/USD (pips)	USD/JPY (pips)	GBP/USD (pips)	Commission
Fixed Micro Account	1.7	2	2.2	$0
Fixed Standard Account	1.5	1.8	2	$0
Floating Pro Account	1.2	1.2	1.2	$4/lot
Floating VIP Account	0.1	0.2	0.4	$4/lot

Swap Rates

Overnight swap rates apply by instrument. For example:

EUR/USD: -3.00% (long) / +0.00% (short)
GBP/USD: -1.50% (long) / -1.50% (short)

Trading Platform

HYCM provides MT4, MT5, and its proprietary WebTrader.

Trading Platform	Supported	Available Devices	Suitable For
MetaTrader 4 (MT4)	✔	PC, Mac, Android, iOS	New traders
MetaTrader 5 (MT5)	✔	PC, Mac, Android, iOS	Experienced traders
HYCM WebTrader	✔	Browser-based	Flexible access anywhere

Deposit and Withdrawal

HYCM does not charge deposit or withdrawal fees. Minimum deposit starts at $700.

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer	$700	$0	1-3 business days
Credit/Debit Card	$0	$0	Instant
Skrill/Neteller	$700	$0	Instant

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FX3914275346

3-6months

严重滑点，拒绝赔偿，避雷这个平台

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2024-08-14 10:22