HYCM: international accounts, trading costs and the companies behind the brand

Companies House records the UK company as active, incorporated on 8 December 1993 and renamed from Henyep Capital Markets (UK) Limited to HYCM Capital Markets (UK) Limited in January 2022. Its current registered office is at Market Yard Mews in Bermondsey, London. These are UK company-history facts, separate from HYCM's broader claim of more than four decades of group experience.[3][6]

The current global agreement is governed by Costa Rican law. HYCM's legal-document directory separates the S.R.L., UK and UAE documentation; it also describes the UAE Financial Services L.L.C. business as an introduction and promotion company that cannot hold client assets or money. The group relationship should therefore be read as corporate context, with the accepted agreement determining the trading counterparty.[8][7]

CySEC's 18 June 2024 announcement confirms the withdrawal of the former Cyprus company's investment-firm authorisation following its decision to renounce it. Older reviews that still present licence 259/14 as a current route would misdescribe that record. For the UK company, HYCM's stated reference was located in the FCA register, but the full current permissions did not render during this check; the structured licence entry records that limitation.[5][2][4]

Fixed lists USD as its base currency and does not permit Expert Advisors. Classic and Raw list EUR, USD, GBP, AED and JPY and support Expert Advisors on MT4 and MT5. HYCM Trader is shown under Fixed in the account comparison. These account-level permissions qualify the broader automation descriptions on the platform pages.[11][16][17]

The comparison quotes Raw commissions of US$4 per FX round turn and US$5 for metals, while the help article gives the broader US$4 round-turn headline. Neither states the qualifying trade volume beside that amount. Accordingly, these advertised figures are not converted here into a per-lot cost or pip-equivalent. The symbol's trading specification is needed to make that comparison reliably.[11][12]

The S.R.L. execution policy says HYCM is the counterparty to its CFD trades, using prices streamed from third-party liquidity providers. It also says these positions are transacted with HYCM outside an exchange and must be closed with HYCM. Those terms identify who the customer trades against and where a position can be closed.[10]

HYCM Invest advertises more than 1,000 stocks, fractional investing from US$10, dividends and 1:1 exposure on MT5. However, the AAPL.USX parameter card says the customer does not own the underlying asset, despite the service's shareholder marketing. The public pages do not resolve that ownership inconsistency. This profile therefore records the advertised service without asserting a verified cash-share custody arrangement.[14][15]

HYCM also promotes Seasonax and Financial Source access for active accounts. Seasonax's stated 20,000-plus analysis universe covers stocks, commodities, indices and currencies; it is not a count of instruments tradeable through HYCM. Financial Source provides event commentary. The tools add research functions, while the actual account catalogue remains governed by the broker's products and platform availability.[14][18]

The Terms of Business set US$20, or the account-currency equivalent, for the first deposit and subsequent top-ups. They require identity and address verification and evidence supporting the funding source. The withdrawal help page distinguishes processing from receipt: HYCM says it processes a request within one business day, while arrival through a bank or card provider can take three to seven days.[9][20]

HYCM's stated financing calculation multiplies the published rate by contract value and divides by 360. For an illustrative EUR 100,000 long position valued at EUR/USD 1.1000, a −3.00% rate implies about US$9.17 for one ordinary rollover day. That example uses a hypothetical price and the 14 September notice; multi-day rollover and currency conversion can change the debit. It is separate from the dealing spread and Raw commission.[22][21]

The S.R.L. agreement describes negative-balance resetting, with offsetting across accounts and adjustments to trading credits. It also restricts latency-based scalping and specified coordinated or copy-trading practices. Platform automation support consequently does not mean every automated strategy is accepted. The agreement's restrictions and account permissions need to be read together.[8][17]

HYCM publishes seasonal instrument schedules with daily breaks and adjustments for US daylight-saving changes and holidays. Customer support and account-opening assistance are listed as 24/5; complaints handling has separate 09:00–18:00 GMT+3 hours. The international contact page provides live chat and +44 203 996 4943. A London telephone number is a contact channel, not evidence that an international account contracts with the UK firm.[24][25][1]

Headquarters

San José, Costa Rica (international contracting entity's registered office)