Updated October 23, 2026

HYCM review covers Henyep Capital Markets, a broker with roots going back to 1977 and licences from four regulators. This page sets out the trading terms, the account types, the platforms and the fees. Updated September 2026.

HYCM review 2026

HYCM at a glance

• In business since: 1977, as Henyep Markets originally

• Minimum deposit: 100 dollars

• Deposit and withdrawal fees: none

• Spreads: from 0.1 pips

• Leverage: up to 1:500

• Minimum trade size: 0.01 lots on fiat pairs, 0.0001 lots on BTC/USD

• Margin call and stop out: 100 percent and 20 percent

• Regulators: FCA, CySEC, DFSA and SFC

• Platforms: HYCM Trader, MetaTrader 4 and MetaTrader 5

• Instruments: forex, CFD stocks, indices, cryptocurrencies, commodities

• Inactivity fee: 10 dollars each month after 90 days

• Forex pairs: over 70

Is HYCM worth using in 2026

HYCM's case is built on longevity and regulation. Operating since 1977 and licensed by the FCA, CySEC, DFSA and SFC puts it in the top tier for oversight, covering the UK, EU, Dubai and Hong Kong. The fee structure is genuinely competitive, with some of the lowest forex and CFD costs in the market and no charge on deposits or withdrawals.

Three drawbacks are worth weighing. The platform interface looks dated compared with newer competitors. The cryptocurrency selection is limited. And the inactivity fee is aggressive: 10 dollars every month after just 90 days, which will quietly drain a dormant account.

Pros and cons

Pros

• Low forex and CFD fees, among the lowest in the industry

• Well regulated, licensed by the FCA, CySEC, DFSA and SFC

• Multiple platforms: HYCM Trader, MetaTrader 4 and MetaTrader 5

• Strong educational content

Cons

• Dated platform interface

• Limited cryptocurrency offering

• Inactivity fee of 10 dollars each month after 90 days

History

The firm's timeline explains the regulatory depth. Henyep Group, based in London, has operated since 1977 across real estate, education and financial services.

HYCM History

• 1998: Henyep Investment UK obtains FCA licensing

• 2000: the group starts developing a CFD trading platform

• 2007: the online platform launches as HYCM

• 2014: HYCM Ltd Europe obtains its CySEC licence

• 2016: Henyep merges its capital markets investment brands

Trading terms

The minimum deposit is 100 dollars and there is no fee on deposits or withdrawals. Spreads start at 0.1 pips on the tighter account tiers, and leverage reaches 1:500 under the entities that permit it, though European clients face a regulatory cap well below that. Minimum trade size is 0.01 lots on fiat pairs and 0.0001 on BTC/USD, which allows genuinely small crypto positions. Margin call comes at 100 percent and stop out at 20 percent.

What you can trade

Over 70 forex currency pairs form the core, with spreads from 0.1 pips and leverage to 1:500. Beyond that the range covers CFD stocks on major global companies, indices, cryptocurrencies and commodities. The crypto list is the thin part, so if digital assets are your focus this is not the broker for it.

Account types

Three live tiers: Fixed, Classic and Raw. Fixed gives predictable spreads regardless of market conditions, which suits traders who want cost certainty. Classic carries a variable spread with no commission. Raw passes through the tightest spreads with a commission per lot, and works out cheaper above a certain volume. Work out your monthly turnover before choosing, since below that threshold the Classic account costs less overall.

Assets offered by HYCM (Henyep markets)

Platforms

HYCM Trader is the proprietary platform, available on desktop and mobile. MetaTrader 4 and 5 cover traders who want Expert Advisors, custom indicators and the wider MetaTrader ecosystem. The interface criticism applies mainly to the proprietary platform; MetaTrader looks the same here as anywhere.

Security

Security measures cover data encryption, two-factor authentication, firewalls with intrusion detection and regular security audits. Two-factor authentication is the one you must enable yourself, and it is the single most effective step you can take to protect a trading account.

Education

The education library is a genuine strength: tutorials, eBooks, beginners' courses and webinars. For a new trader that combination plus a demo account is the right sequence, learn the mechanics, practise on demo, then fund a live account with an amount you can afford to lose.

Who HYCM suits

• Forex traders who want low costs under top-tier regulation

• Beginners who will use the education library, with a demo account first

• Traders wanting MetaTrader 4 and 5 alongside a proprietary option

• Not suitable if you trade rarely, because of the monthly inactivity fee, or if crypto is your main market

HYCM combines decades of operation, four strong regulators and low fees, with a dated interface and an aggressive inactivity charge as the trade-offs. Compare it with other brokers in our broker hub, and FxPro review covers a competitor with a more modern platform and similar regulation.

HYCM review: frequently asked questions

What is the minimum deposit at HYCM?

100 dollars, with no fee on deposits or withdrawals.

Education / Training at HYCM

HYCM Trading Platforms

HYCM Account Types

Cryptocurrencies

Is HYCM regulated?

Yes, by the FCA in the UK, CySEC in Cyprus, the DFSA in Dubai and the SFC in Hong Kong. Which one covers you depends on the entity you register with.

What is the inactivity fee?

10 dollars every month after 90 days without activity. That is more aggressive than most brokers, so close an account you do not plan to use.

Which account type should I choose?

Fixed for predictable spreads, Classic for a variable spread with no commission, Raw for the tightest spreads with a commission. Higher volume favours Raw.

How long has HYCM been trading?

The group has operated since 1977, obtained FCA licensing in 1998 and launched the HYCM platform in 2007.

Does HYCM offer cryptocurrency?

Yes, but the selection is limited. The minimum trade size on BTC/USD is 0.0001 lots, which allows small positions.

Conclusion

Webinars