HYCM Review 2026
The full HYCM write-up for Denmark traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Denmark
| Regulator | CySEC CySEC, Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 259/14 |
| Regulated Entity | Henyep Capital Markets (Europe) Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.2 pips |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
| Verify on CySEC register → | 259/14 |
Verdict
Cooks under CySEC (licence 259/14). Cover charge $100. In Denmark, forex leverage is capped at 1:30.
About HYCM
HYCM opened its doors in 1977 out of a kitchen in London, UK. Its menu runs to 300 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by Henyep Capital Markets (Europe) Ltd under CySEC.
In Denmark, HYCM serves as Henyep Capital Markets (Europe) Ltd, cleared by CySEC under licence number 259/14. Under CySEC house rules, Denmark traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- CySEC regulated, licence 259/14
- 300+ instruments to trade
- Negative balance protection in Denmark
- Platforms: MT4, MT5
- Founded in 1977 (49 years operating)
- Headquartered in London, UK
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is HYCM regulated?
Yes. HYCM is authorised by CySEC, issued to the entity Henyep Capital Markets (Europe) Ltd, an authorisation you can look up for yourself on the official CySEC public register.
What is the minimum deposit for HYCM in Denmark?
The cover charge is $100, the smallest amount Denmark traders need to open a live account with HYCM under CySEC rules.
What leverage does HYCM offer in Denmark?
In Denmark, CySEC rules cap HYCM at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is HYCM safe to trade with?
The kitchen passes inspection: HYCM cooks under CySEC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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