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HYCM Summary

Trust Rating AAWhat's this?

How BrokerNotes Trust Rating is Calculated:

Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.

 
  • Regulated by the Financial Conduct Authority, UK
  • Over 40 years in business
  • Comprehensive educational suite
  • Uses investment grade UK banks for client funds
  • Client deposits are held in segregated bank accounts
Visit HYCM Website Open a practice account
Losses can exceed deposits. Your capital is at risk.

BROKERNOTES

#1 FEATURED BROKER
AvaTrade logo
  • Regulated by the Central Bank of Ireland
  • Used by 200,000+ traders
  • Over 11 years in business
Visit AvaTrade to start trading

HYCM Review

HYCM
Trust Rating AA
  • Regulated by the Financial Conduct Authority, UK
  • Over 40 years in business
  • Comprehensive educational suite
  • Uses investment grade UK banks for client funds
Visit HYCM to start trading
HYCM
4.1 5 43

HYCM Review

HY Markets

HY Markets is the online trading platform of Henyep Capital Markets UK Limited, and it is registered by the Financial Conduct Authority (FCA).

HY Markets offers trading in a large number of instruments including metals, commodities, stocks, CFDs and foreign exchange through its custom HY Web Trader, as well as the Meta Trader 4 (MT4) platform.

HY Markets offers clients a choice between four account types:

HY Markets Mini account: This requires a minimum initial deposit of $50.

Premium account: This requires a minimum initial deposit of $2500.

Standard account: This requires a minimum initial deposit of $4750.

HY Pro Trader account: This requires a minimum initial deposit of $5000.

HY Markets do not charge commissions on trades and spreads range between 0.5 pips on HY Pro Trader accounts to 1.8 pips on the other account types.

They offer a maximum leverage of 1:300 on all account types, and deposits can be made either through wire transfers or by use of Pay Pal and Web Money.

Withdrawals can be processed by filling an online form and using the same means as deposits.

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HYCM Pros & Cons

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Financial spread bets and CFD trades are leveraged products, which means you could lose more than your deposits. If you’re hazy on exactly what that means, you shouldn’t trade.