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Suspicious Clone
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HYCM Capital Markets
United Kingdom|2-5 years| Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|
https://cn.hynew.co.uk/cn
Website
Rating Index
Contact
+44 207-193-3827
cs.cn@hycm.uk
https://cn.hynew.co.uk/cn
St Clement’s House, 27-28 Clement’s Lane, London EC4N 7AE, United Kingdom
VPS Standard
*No restriction on the broker account
Single Core
1G
40G
1M*ADSL
Warning: Low score, please stay away!
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
6
Basic information
Registered region United Kingdom
United KingdomOperating period
2-5 years
Company Name
HYCM Limited
Abbreviation
HYCM Capital Markets
Company employee
--
Customer Service Email Address
cs.cn@hycm.uk
Contact number
00442071933827
Company website
Company address
St Clement’s House, 27-28 Clement’s Lane, London EC4N 7AE, United Kingdom
Keywords 5
2-5 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential risk
Company Summary
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Company Summary
| HYCM Review | |
| Founded | 2006 |
| Registered Country/Region | UK, Cayman Islands, UAE, St. Vincent & Grenadines |
| Regulation | Suspicious Clone (FCA, CIMA , DFSA) |
| Market Instruments | Forex, Commodities, Indices, Shares |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.2 pips |
| Trading Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), HYCM WebTrader |
| Min Deposit | $700 |
| Customer Support | Phone:+44 (0) 20 7614 4670 |
| Email:support@hycm.com | |
| 24/7 Online Chat:Yes | |
| Physical Address:18 King William St, London EC4N 7BP, UK | |
HYCM Information
HYCM provides trading across indices, commodities, currency, and shares under several regulations. Along with its own WebTrader, which suits both novice and expert traders, it supports well-known systems including MT4 and MT5. Minimum deposit $700, and leverage up to 1:500.
Pros and Cons
| Pros | Cons |
| Offers leverage up to 1:500 | High overnight swap rates, (EUR/USD long position at 3.25%) |
| Provides access to over 300 trading instruments, including 70 forex pairs | Minimum deposit of $700 |
| Suspicious Clone |
Is HYCM Legit?
HYCM operates as a suspicious clone entity.
| Category | FCA | CySEC | CIMA | DFSA |
| Regulatory Status | Suspicious Clone | Suspicious Clone | Suspicious Clone | Suspicious Clone |
| License Type | Market Making (MM) | Straight Through Processing (STP) | Common Financial Service License | Retail Forex License |
| Regulated By | United Kingdom | Cyprus | Cayman Islands | United Arab Emirates |
| License Number | 186171 | 259/14 | 1442313 | F000048 |
| Effective Date | 2001/12/1 | 2014/11/26 | 2018/5/17 | 2006/9/19 |
What Can I Trade on HYCM?
HYCM offers a over 300 trading instruments, including 70 forex pairs, indices, commodities, and shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| ETFs | ❌ |
| Cryptocurrencies | ❌ |
Account Types
HYCM offers 4 main account types. They are Fixed Micro Accounts, Fixed standard account, Floating Pro Account and Floating institutional/VIP accounts.
| Account Type | Fixed Micro Account | Fixed Standard Account | Floating Professional Account | Floating Institutional/VIP Account |
| Suitable Users | Suitable for beginners or investors with small funds | Suitable for experienced investors seeking lower spreads | Suitable for investors prioritizing faster order execution | Suitable for institutions or VIPs trading spot and CFD products |
| Spread Type | Fixed Spread | Fixed Spread | Floating Spread | Floating Spread |
| Minimum Spread (EUR/USD) | 1.7 | 1.5 | 1.2 | 0.1 |
| Minimum Deposit Requirement | ≥ $700 | ≥ $700 | ≥ $700 | ≥ $20,000 |
| Minimum Trade Size | 0.01 standard lot | 0.1 standard lot | 0.01 standard lot | 1 standard lot |
| Minimum Lot Increment | 0.01 standard lot | 0.1 standard lot | 0.01 standard lot | 1 standard lot |
| Maximum Trade Volume | 5 | 20 | 20 | 20 |
| Maximum Position Size | 5 | 50 | 50 | 50 |
HYCM Fees
Spreads & Commissions
HYCM offers different spreads depending on the account type:
Fixed Micro Account: Spreads start at 1.7 pips (e.g., EUR/USD).
Fixed Standard Account: Spreads start at 1.5 pips.
Floating Pro Account: Spreads start at 1.2 pips; $4/lot commission applies for VIP accounts.
Floating VIP Account: Spreads start at 0.1 pips; $4/lot commission.
| Account Type | EUR/USD (pips) | USD/JPY (pips) | GBP/USD (pips) | Commission |
| Fixed Micro Account | 1.7 | 2 | 2.2 | $0 |
| Fixed Standard Account | 1.5 | 1.8 | 2 | $0 |
| Floating Pro Account | 1.2 | 1.2 | 1.2 | $4/lot |
| Floating VIP Account | 0.1 | 0.2 | 0.4 | $4/lot |
Swap Rates
Overnight swap rates apply by instrument. For example:
- EUR/USD: -3.00% (long) / +0.00% (short)
- GBP/USD: -1.50% (long) / -1.50% (short)
Trading Platform
HYCM provides MT4, MT5, and its proprietary WebTrader.
| Trading Platform | Supported | Available Devices | Suitable For |
| MetaTrader 4 (MT4) | ✔ | PC, Mac, Android, iOS | New traders |
| MetaTrader 5 (MT5) | ✔ | PC, Mac, Android, iOS | Experienced traders |
| HYCM WebTrader | ✔ | Browser-based | Flexible access anywhere |
Deposit and Withdrawal
HYCM does not charge deposit or withdrawal fees. Minimum deposit starts at $700.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | $700 | $0 | 1-3 business days |
| Credit/Debit Card | $0 | $0 | Instant |
| Skrill/Neteller | $700 | $0 | Instant |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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