HYCM Review: UK-regulated MT4 forex broker with fixed spread

HYCM: Click for a special offer

Being part of a large international Henyep group with more than 30 years of experience in the industry and multiple licenses, HYCM (formerly HY Markets) is a reliable retail forex broker. It offers pretty g0od conditions for trading in a numerous currency pairs, CFDs on indices, commodities, stocks and precious metals, which are available on two trading platforms. The company also offers binaries trading service through its HY Options brand.

With its main headquarters in in London, HYCM operates out of its offices in Dubai, Hong Kong, Kuwait and Cyprus and is regulated by the relevant authorities in those countries.

Regulation: FCA (UK), SFC (Hong Kong), DFSA (UAE)
Trading model: Dealing desk
Trading platforms: MetaTrader4, PrimeTrader (in-house web-based platform)
Min. Deposit: $100
Min. Trade size: 0.01 (micro lots)
Max. Leverage: 1:500

Cost of trading

Spread: fixed, 1.5 pips on EUR/USD
Commission: No

Promotions:

– 25% on deposit bonus on each deposit.
– Refer-a-friend bonus up to $250, depending on the amount of the initial deposit of the referred client.
– Rebates up to $3 per lot, depending on the total lots settled.

Latest news about HYCM

HY Markets rebrands as HYCM, launches new web platform

As of today, Henyep Capital Markets, a.k.a. HY Markets, rebrands as HYCM, also consolidating its capital markets investment brands PIPtrade and Henyep