HYCM Capital Markets

HYCM Capital Markets, legally registered as HYCM Limited, is a forex and CFD broker incorporated in the United Kingdom on 6 April 2023. The company is registered at St Clement’s House, 27-28 Clement’s Lane, London EC4N 7AE, and operates through the official domain cn.hynew.co.uk. According to our records, HYCM holds three regulatory licences, spanning the FCA in the UK, CySEC in Cyprus, and CIMA in the Cayman Islands.

Despite its recent founding date, the broker presents itself as a multi-asset trading provider, offering access to indices, commodities, currencies, and shares. It supports both its proprietary WebTrader platform and the widely used MetaTrader 4 and MetaTrader 5 systems. The company description indicates a minimum deposit of $700 and leverage up to 1:500, though specific spreads and commissions are not fully disclosed in our records.

HYCM Limited reports three regulatory authorisations, each with a licence number on file. In the United Kingdom, it holds an FCA Market Making (MM) licence, number 186171. In Cyprus, it is authorised by CySEC under a Forex Execution License (STP), number 259/14. In the Cayman Islands, it holds a CIMA Derivatives Trading License (EP), number 1442313.

We cross-checked these licences against the public registers where possible, but the status of each licence is listed as '—' in our records, meaning we cannot confirm whether they are currently active or subject to any restrictions. The presence of multiple licences suggests an intention to serve clients across different jurisdictions, but the lack of verifiable status is a point of caution for traders.

HYCM offers four account tiers, each with its own minimum deposit and spread structure. The Floating Institutional/VIP account requires a minimum deposit of at least 20,000 USD and offers a minimum spread of 0.1 pips. The Floating Professional account has a lower entry point of 700 USD with a minimum spread of 1.2 pips.

The Fixed Standard and Fixed Micro accounts both require a minimum deposit of 700 USD, with minimum spreads of 1.5 and 1.7 pips respectively. These tiers appear designed to cater to different trader profiles, from high-volume institutional clients to retail traders seeking fixed spreads. However, our records do not specify maximum leverage or commission structures for any of these accounts.

According to the company description, HYCM provides trading across indices, commodities, currency, and shares. The broker supports its own WebTrader, which is described as suitable for both novice and expert traders, alongside the industry-standard MetaTrader 4 and MetaTrader 5 platforms. This combination allows traders to choose between a proprietary interface and familiar third-party tools.

Our records do not list the specific instruments available within each asset class, nor do they detail the funding or withdrawal methods. Traders should verify the full range of instruments and platform features directly with the broker before committing capital.

Independent public information about HYCM Capital Markets is limited, and our records indicate no verifiable website or social-media presence beyond the official domain. This lack of a broader digital footprint is a caution sign, as established brokers typically maintain a visible online presence. Additionally, our risk assessment flags withdrawal complaints in nearly 100% of recent reviews, though the source of these reviews is not specified in our records.

Given the limited independent information and the flagged complaints, traders should approach this broker with caution. The regulatory licences on file are a positive signal, but the inability to confirm their current status and the absence of a wider web presence warrant thorough due diligence before opening an account.