HenYen Capital Markets UK Ltd. (HYCM) was founded in the United Kingdom in 1997 and maintains its headquarters in London.  HYCM (previously known as HYMarkets.comis part of Henyep Capital Markets Group which is a global financial conglomerate that offers a wide range of financial services to its customers around the world and also provides services related to property management, education and charitable activities. 

Although HYCM forex broker does not currently accept traders based in the United States (US), the firm maintains a global corporate footprint on 3 continents around the globe in major cities like Paris and Dubai in over 20 countries, including Hong Kong and Kuwait.   

This global financial powerhouse is known by several names because of its parent company affiliations, including Henyep Capital Markets Dubai, Henyep Group Dubai, Henyep Dubai, HY Markets, HY Markets UAE, HenYep Capital Markets UK Ltd, as well as HYCM. PipTrade is a trading name of HenYep Capital Markets UK Ltd, which is a division of the Henyep Group.  All of the HYCM forex affiliates previously mentioned are included in this HYCM Review and a more detailed review of PipTrade is included herein.     

The operational history of HYCM broker instills confidence in traders who trust the firm’s strong and successful trading background, which offers a proven level of safety and security. Additional trustworthiness and security is found in strict regulations imposed upon HYCM.com and other financial firms located in the UK by the Financial Conduct Authority (FCA), which has the reputation of being one of the strictest regulatory agencies in the world, as well as the MiFID in the European Union, SFC in Hong Kong and the DFSA in Dubai.  

HYCM broker has proven to be a financial market leader that offers clients a reliable platform for trading foreign currencies (forex) and Contracts for Difference (CFDs), Binary Options and Exchange Traded Funds (ETFs) on a wide range of currencies, stocks, commodities, precious metals, energy products (US oil and natural gas), indices and treasuries.  The broker enables clients to use one trading account to trade a large number of financial assets and instruments in multiple financial markets around the world.  

HYCM gives traders access to the latest and most effective tools used by professional traders and the world‘s largest financial institutions that include ideas and strategies, insights and patternsas well as award winning market research and technical analyses by Trading Central, a global research authority that was established in 1999 and maintains offices in New York, London, Paris and Hong Kong.   

HYCM.com maintains operating capital in tier-one banks and financial institutions and completely segregates client funds from the funds of the firm.  This practice combined with the stringent standards imposed by the FCA ensure client deposits and trades will be protected from shady dealings.

Features


  • Multi-asset capabilities provided by HYCM‘s excellent business relationships with its global major liquidity providers 

  • Mini, Standard of VIP accounts with minimum deposits as outlined below. 

  • Online account management  

  • Web based trading  

  • Comprehensive advanced Charts and graphs 

  • Timely market information 

  • Expert technical and market analyses  

  • Education Center 

  • Free trading signals for Standard and VIP accounts 

  • Continuous market information and commentary 

  • Three different trading platforms: Prime Trader, MT4 and mobile apps 

  • Rebates based on trading volume 

  • One on one trading support  

  • Experienced bilingual customer support staff 

  • Scalping and hedging allowed  

  • Mobile and e-mail alerts 

  • No Slippage or Requotes  

  • Guaranteed Execution, Stop Loss and Limit Orders 

  • Mobile trading app

Education Center 

HYCM foex broker offers a valuable Education Center that includes tools and strategies for every level of trader, from newbies to professionals.  The Education Center offers lessons via text or video on a wide variety of subjects that include Tips for Traders, Trading Tools, Managing Risk and the exceptionally informative Introduction to the Capital Markets.  In addition, Henyep Capital Markets‘s Education Center offers a wide range of tutorials and ebooks to assist its clients in formulating, conducting and following trades.

Account Types 

HYCM offers clients the choice of three different accounts, based on trading experience, which are Micro, Standard and VIP Accounts, all of which are available to Islamic traders and include options for mobile trading.  

Micro Account 

The Micro Accounts offered by HYCM are designed to suit the needs of novices to the world of forex trading and require minimum deposits of only $100.  Micro Accounts allow client access to over 50 tradeable financial assets and instruments with fixed spreads of 1.8 pips (Points in Percentage) and maximum leverage of 1:500. 

Standard Account 

Standard Accounts offer better spreads for traders, as well as additional valuable trading tools and require a minimum deposit of $1,000 to open an account.  Standard Account holders gain access to 120 tradeable financial assets and instruments with spreads of 1.5 and leverage of 1:300.

VIP Account 

The VIP Account offered by HYCM will enable more experienced and/or professional traders to access the full range of trading assets offered by Henyep Capital Markets, with minimum initial deposits of $10,000, minimum fixed spreads of 1.5 and leverage of 1:300.  

HYCM Demo Account

Fortunately, the HYCM forex broker offers a free Demo Account for use by traders in practicing trading on the broker. This is a good advantage of the broker since Demo Accounts are valuable tools for newbies and seasoned traders alike to practice trading in a virtual scenario before trading real assets in real markets.

Trading Platforms 

HYCM offers traders three different trading platforms from which to choose which include its own proprietary trading platform Prime Trader, as well as the MetaTrader 4 (MT4) platform and mobile trading apps. 

Languages 

HYCM forex broker is available in a variety of the most commonly spoken languages, including English, Arabic, Chinese, Japanese and Russian.

Customer Service 

HYCM broker provides experienced customer support services in a variety of languages including Chinese, Arabic, Hindi, Urdu and Russian.  Customer Service representatives focus on excellence in delivering customer support and are available  24/5 via live online chat, email, telephone or fax.   

Prime Trader 

HYCM’s brand new flagship trading platform gives traders access to fully automated trading tools that include integrated pricing, advanced chart and trade screens for trading a variety of financial assets, and allows them to completely manage trading accounts online as well as research, conduct and follow trades in a variety of financial markets. 

Mobile Trading  

HYCM provides a new, state-of-the art mobile app that allows traders complete access to its trading platform and trading capabilities using a variety of the most popularly used handheld mobile devices, including Androids, Apple and other Smartphones, pads and tablets that enable account access and management from anywhere and at any time. 

HYCM MT4 Download 

The MT4 trading platform is one of the most popularly used in the world and many other trading platforms are including it in the amenities they offer clients, including HYCM broker. The MT4 platform provides live market news along with a variety of trading tools that include advanced charting capabilities, as well as Expert Advisors and professional technical analyses by experts at Trading Central.

Spreads and Leverage 

HYCM spreads on Mini Accounts begin as low as 1.8 pips (points in percentage) and start at 1.5 pips for Standard or VIP Accounts.  Leverage on Mini Accounts can go as high as 500:1 but Standard and VIP Accounts are 300:1 or lower, depending on the financial asset being traded.  Sometimes HYCM broker will extend traders leverage as high as 500:1, but caution should be taken with increased leverage amounts because they can greatly enhance financial losses as much as gains.

Safety and Security 

Traders using the HYCM forex broker can rest assured their trading activities are being overseen by one of the strictest regulatory bodies in the world, the FCA, as well as agencies in a variety of other countries in which Henyep Capital Markets maintains offices and conducts trading activities

HYCM company segregates client funds from its own and relies on some of the biggest banks and other financial institutions for holding its capital funds.  Henyep Capital Markets‘s trading platform software includes the latest encryption technology to protect personal information and trading activity data from hacker intervention.

Promotions and Bonuses 

HYCM doesn’t offer sign-up or other bonuses and the only promotion it offers is its “Refer-a-Friend” program that rewards clients for helping introduce the HYCM.com brokerage to other people.  For every new trading account that is opened and into which funds are deposited, existing account holders have the opportunity to earn up to $250 for the referral.

Deposits and Withdrawals 

HYCM broker allows deposits into trading accounts via major credit and debit cards, PayPal, WebMoney, UnionPay, Skrill (Moneybookers) and wire transfers.  Withdrawals can be requested by filling out an online form and will be transacted using the same means as deposits. Strict international financial laws require that proper identification documents are current and on file and that names on all accounts must match. 

Bank transfers and withdrawals can take up to 5 days and under 7 days if using UnionPay or WebMoney.  Henyep Capital Markets broker does not charge fees for account withdrawals except wire transfers which may be charged a fee of $30 If the withdrawal amount is under $300.

PipTrade

As previously mentioned, Henyep Capital Markets UK Ltd has affiliates in 20 countries on 3 continents around the globe.  This powerful financial firm has numerous company affiliations,  including Henyep Capital Markets Dubai, Henyep Group Dubai, Henyep Dubai, HY Markets, HY Markets UAE and HYCM broker. The global firm maintains a website that offers several platforms for use in trading a wide range of financial assets in multiple markets around the world.  

PipTrade.com is another website established in 2010 and operated by HY Markets for trading multiple financial assets that include stocks, commodities, indices, oil, gas, precious metals and foreign currencies.  Like its parent company HYCM.com , PipTrade offers a wide range of financial services in multiple countries around the globe. 

PipTrade is licensed and strictly regulated by the FCA of the UK; Henyep Capital Markets Dubai, Henyep Group Dubai, Henyep Dubai and HY Markets UAE are licensed and regulated by the DFSA in Dubai; in Hong Kong financial activities strictly overseen by the SFC.  

HYCM Login

For login to HYCM.com broker you can visit the broker website, After sign up you can check your email and do HYCM login.

Henyep Capital Markets ReviewConclusion 

HYCM or HY Markets broker features fully automated trading on a user friendly website that includes several platforms, one of which is the MT4 trading platform, which is considered the forex industry standard.  Its long history, great reputation and strict regulatory standards have made it a leader in Forex brokers around the world.  

With its Education Center, HYCM.com proprietary platform provides everything novice and experienced traders need to research markets and financial assets, as well as open and manage trading accounts and research, conduct and track trades in a variety of financial markets around the world.