As of today, Henyep Capital Markets, a.k.a. HY Markets, rebrands as HYCM, also consolidating its capital markets investment brands PIPtrade and Henyep Capital Markets (DIFC). Besides, the company also launches online trading website HYCM.com, through which clients may access a new multi-asset web platform, called PrimeTrader.
According to the announcement on the company’s old website, existing clients will be able to log in to the new website with their HY Markets usernames and passwords. Users of HY MetaTrader 4 platform may continue trading on it, while active webtrader users are referred to the new PrimeTrader platform, accessible through the trade section of the client portal on the website. HYCM’s new flagship PrimeTrader provides complete online account management, integrated pricing, and advanced charting package.
The broker offers trading in wide range of instruments, including numerous currency pairs, various CFDs on indices, commodities, stocks and precious metals, available on two trading platforms. Clients are able to open an account with just $100, use leverage up to 1:500 choose from three account types – Micro, Standard and VIP.
Set up 35 years ago, the Henyep Group is a global conglomerate with various business activities spanning 3 continents and 20 countries world-wide. It operates out of its offices in London, Dubai, Hong Kong, Kuwait and Cyprus.
In fact, the Dubai unit of the HY Group was rebranded as Henyep Capital Markets (DIFC) earlier in February. It is regulated by the Dubai Financial Services Authority (DFSA). Meanwhile, HYCM’s capital markets division, Henyep Capital Markets Ltd., is based in the UK and is regulated by the Financial Conduct Authority (FCA).