HYCM Review 2026
A licensed kitchen with real, checkable paperwork.
HYCM opened its doors in 1977 and cooks as a regulated CFD broker, carrying FCA licence 186171.
What's on the menu
HYCM has been serving since 1977, with the kitchen based in London, UK. The firm is privately held. The order book runs deep: 300 CFD instruments spanning forex, indices, commodities and crypto. Everything here is a contract for difference, so you are trading the price move, not owning the underlying dish.
MetaTrader comes plated on every account type. There is no copy-trading option here.
| Founded | 1977 |
| Headquarters | London, UK |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | No |
| Real stocks | No, CFDs only |
Kitchen inspection: is HYCM safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent.
| Regulator | Licence | Entity |
|---|---|---|
| FCA | 186171 ✓ | Henyep Capital Markets (UK) Ltd |
| CySEC | 259/14 ✓ | Henyep Capital Markets (Europe) Ltd |
| DFSA | F000048 ✓ | Henyep Capital Markets International |
Want to inspect the kitchen yourself? Pull up register.fca.org.uk and look up the FCA licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
HYCM - FCA regulated, min deposit $100, 300+ instruments.
Ingredient costs: HYCM spreads
Here is what the raw ingredients cost on a standard HYCM account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| EUR/USD | 0.2 pips pips |
| GBP/USD | 0.5 pips pips |
| USD/JPY | 0.3 pips pips |
| Gold (XAU/USD) | 17c/oz |
| S&P 500 | 0.4pt |
That EUR/USD figure of 0.2 pips pips is a lean, low-cost ingredient, right up there with the ECN specialists.
The bill: HYCM withdrawal fee and timing
Cost to take money out: None. HYCM does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at HYCM depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Henyep Capital Markets (UK) Ltd | FCA 186171 | $100 | 1:30 |
| Henyep Capital Markets (Europe) Ltd | CySEC 259/14 | $100 | 1:30 |
| Henyep Capital Markets International | DFSA F000048 | $100 | 1:400 |
HYCM vs eToro
| HYCM | eToro | |
|---|---|---|
| Primary regulator | FCA 186171 | FCA 583263 |
| Min deposit | $100 | $50 |
| EUR/USD spread | 0.2 pips pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 300+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at HYCM if you value MetaTrader and running algorithms. eToro plates up better for anyone who leans on its particular regulated-entity coverage.
The licences, line by line
| FCA | 186171, Henyep Capital Markets (UK) Ltd |
| CySEC | 259/14, Henyep Capital Markets (Europe) Ltd |
| DFSA | F000048, Henyep Capital Markets International |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:30 on the major forex pairs.
What tastes good, what leaves a bad aftertaste
Cooked well
- FCA regulated, Henyep Capital Markets (UK) Ltd
- MetaTrader 4 and 5 available
- No inactivity fee
- Tight EUR/USD spread from 0.2 pips
- Regulated in 3 jurisdictions
Sent back
- No copy trading
- No real stock ownership, CFDs only
Compare HYCM before you commit
4.0/5 rating - FCA regulated - min deposit $100
The verdict
Nothing on the plate here is fake: HYCM is a genuine, regulated broker, and FCA licence 186171 checks out on the public register. The table is set best for traders who want MetaTrader served on a regulated platform. We rate it 4.0 out of 5.
Other tables worth a look
If HYCM is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is HYCM safe?
FCA-regulated brokers must keep client funds in accounts segregated from company funds, provide negative balance protection, and contribute to the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client if the broker becomes insolvent. The kitchen holds FCA licence 186171, and you can confirm it for yourself on the official register.
What is the HYCM minimum deposit?
The cover charge is $100 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the HYCM EUR/USD spread?
On a standard HYCM account the EUR/USD ingredient runs about 0.2 pips pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does HYCM take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does HYCM charge withdrawal fees?
None. HYCM does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does HYCM have MetaTrader?
Yes. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.