- Who is HYCM?
- Trading Information
- Fund Safety with HYCM
- HYCM’s Deposit Options and Conditions
- HYCM’s Withdrawal Options and Conditions
Who is HYCM?
HYCM(Henyep Capital Markets) is an Online FX & CFD broker.
Its Group company’s foundation goes way back to 1977, and currently the operation is based in UK and Cyprus.
HYCM is licensed by UK’s Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC).
Now the broker has international offices in London, Hong Kong and Cyprus.
With HYCM, you can trade Forex, Metals, Indices, Oil, Gas, Commodities and Stocks through MT4 and MT5 trading platform.
The maximum Leverage is 1:30, and NBP is fully supported.
NBP(Negative Balance Protection) protects traders from exceeded loss(minus balance) for traders.
The broker model is “Market Maker” with “Instant Execution“.
The minimum spread starts from 1.5 pip, which is about $15 of trading cost per 1 lot(100,000 units) of trading.
HYCM offers free trading tools such as News, Calendar, Market Outlook & Analysis for traders to follow the market.
Fund Safety with HYCM
HYCM is regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Cayman Islands Monetary Authority (CIMA) and, as such, is required to work within strict accounting and risk management frameworks.
All capital not being used for margin purposes will be fully segregated into a special client account which is kept separate from HYCM company funds.
Your funds will not be used to pay back creditors in the event of the company’s bankruptcy.
HYCM’s Deposit Options and Conditions
Here are the available fund deposit options with HYCM.
|Funding Method||Minimum Deposit Amount||Currencies||Processing Time|
|Bank Wire Transfer||US $250||USD, EUR||1 to 7 working days|
|VISA & Mastercard||US $20||USD, EUR||Up to 1 hour|
|Neteller||US $20||USD, EUR||Up to 1 hour|
|Skrill||US $20||USD, EUR||Up to 1 hour|
HYCM does not charge on deposits, however there might be charges from the banks that are then deducted from the amount that you will receive.
HYCM’s Withdrawal Options and Conditions
Here are the available fund withdrawal options with HYCM.
|Withdrawal Method||Minimum Withdrawal Amount||Currencies||Processing Time|
|Bank Wire Transfer||US $300||USD, EUR||1 working day|
|VISA & Mastercard||US $20||USD, EUR||1 working day|
|Neteller||US $20||USD, EUR||1 working day|
|Skrill||US $20||USD, EUR||1 working day|
HYCM does not charge on withdrawals above US $300, however there might be charges from the banks that are then deducted from the amount that you will receive.
Please note withdrawals over $5,000 to Skrill or Neteller are subject to a 1% processing fee.