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July 20, 2018

HYCM, Service condition differences between UK FCA & CIMA license

As the new EU regulation comes into effect, there are changes you may want to know for your trading.

Following up on the previous announcement about the changes to HYCM’s Welcome Bonus, we would like to provide you with some additional information:

Clients from the UK and the rest of the EEA

These clients will fall under HYCM’s FCA license (#186171), meaning that they will no longer be able to benefit from any bonuses, cash-backs or other promotions.

Moreover, leverage will be up to 30. Please visit the website for more information.

HYCM Official Website

Clients from the rest of the world

These clients will fall under HYCM’s CIMA license (#1442313), meaning they will be able to benefit from a 10% Welcome Bonus up to $5,000 (subject to T&Cs) and $20 for verifying their mobile.

They must deposit a minimum of $100 to receive these bonuses.

Additionally, the leverage will remain up to 200. Please visit the website for the updated list.

If a client outside the EEA* region wishes to remain under the FCA license they can inform their Account Manager accordingly.

*EEA Countries are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK.

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