Brand of the Henyep group, which traces its roots to a 1977 Hong Kong gold dealer; HYCM (Europe) Ltd is the Cyprus entity.
- Headquarters
United Kingdom- Founded
- 1977
- Type
- Forex & CFD brokers
- Licences on record
- 4 (2 European)
- EU client entity
- HYCM (Europe) Ltd (CySEC)
- Platforms
- MetaTrader 4, MetaTrader 5
- Products
- Forex, CFDs
- Website
- hycm.com
Strengths
- Part of the Henyep group, whose roots go back to 1977 in Hong Kong
- FCA, CySEC, DFSA and CIMA licences
- MetaTrader 4 and 5
Watch-outs
- Narrower product range than the largest brokers
- Several group entities – check which one onboards you
Overview
HYCM is the trading brand of the Henyep group, which traces its origins to a Hong Kong gold trading business founded in 1977. It serves EU clients through HYCM (Europe) Ltd, licensed by CySEC, and UK clients through an FCA-authorised company.
Our view
An established name with EU and UK licences. Our old site featured HYCM's affiliate programme; this profile replaces that page.
Licences on record
Brands often operate several companies. The one that onboards you depends on where you live, and that company's regulator decides your protection. Confirm the entity on the official register before you deposit.
| Regulator | Jurisdiction | Type | Check it |
|---|---|---|---|
| FCA Financial Conduct Authority | United Kingdom |
UK | Official register |
| CySEC Cyprus Securities and Exchange Commission |  Cyprus |
EU/EEA – passportable | Official register |
| DFSA (Dubai) Dubai Financial Services Authority |  United Arab Emirates |
Non-European | Regulator website |
| CIMA Cayman Islands Monetary Authority |  Cayman Islands |
Offshore | Regulator website |
What protection would you get?
If you are a retail client of HYCM's European entity, these safeguards apply by law. Which one applies to you depends on the entity you sign with.
- Investor compensation: Up to £85,000 per person per firm for investments – Financial Services Compensation Scheme (FSCS)
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Financial Ombudsman Service
- Best forex brokers in United Kingdom
- Investor compensation: 90% of the covered claim, capped at €20,000 per investor – Investor Compensation Fund for CIF clients (ICF)
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Financial Ombudsman of the Republic of Cyprus
- Best forex brokers in Cyprus
Verify HYCM yourself
- Find the exact company name in the footer of the website and in the client agreement you are asked to sign.
- Search that name on the register of the regulator listed for your country (links above). Make sure the register shows the same website domain.
- Check warning lists for look-alike names: IOSCO I-SCAN covers alerts from regulators worldwide.
- Never download remote-access software or move money because someone "from the broker" phoned you. How clone-firm scams work.
Protection Score breakdown
| Factor | Points |
|---|---|
| Holds at least one European licence (EU/EEA, UK or Swiss) | +40 |
| ESMA/FCA retail protections available (leverage caps, negative balance protection, compensation scheme) | +15 |
| Supervised in 3 strong jurisdictions | +8 |
| Operating for 49 years | +7 |
| Total | 70/100 |
The score measures structural protection from licences and corporate facts, not costs, service or platform quality. A high score does not mean a firm is right for you. Methodology.
Trader experiences
No verified experiences yet. Have you used HYCM? Share what happened with deposits, withdrawals, execution and support.
Share your experience
About this data
Profile type: reviewed profile. Licence data is from our research and has not yet been re-checked against every register; confirm it on the official register before relying on it. Last updated 30 September 2026.
Report an error in this profile
Similar firms
IG Reviewed
United Kingdom
Forex / CFD
Since 1974
EU/EEA licence
PolandPlus500 Reviewed
Israel
Forex / CFD
Since 2008
EU/EEA licence
Pepperstone Reviewed
Australia
Forex / CFD
Since 2010
EU/EEA licence