HYCM regulation & licences
Licences on record 4
1 Tier 1 — top-tier regulation
2 Tier 2 — strong regulation
3 Tier 3 — moderate regulation
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
HYCM is a forex & CFD broker founded in 1977 and headquartered in United Kingdom. It is part of Henyep Capital Markets.
In our database HYCM is matched to 4 licences from FCA, CySEC, DFSA and CIMA. The strongest of these, the FCA (United Kingdom) is among the regulators we classify as tier 1 — bodies with strict capital, client-money and conduct rules.
HYCM's licences span very different levels of protection — from FCA and CySEC to CIMA. The entity you are assigned to normally depends on your country of residence; if you live outside the jurisdictions of its stronger licences, expect to be onboarded to an offshore entity.
Depending on the entity, eligible clients may be covered by FSCS (FCA) and Investor Compensation Fund (ICF) (CySEC). Negative balance protection is mandatory for retail clients under FCA and CySEC rules. Retail leverage caps apply at the FCA and CySEC-regulated entities (for example 30:1 on major FX pairs at FCA).
HYCM provides access to MT4 and MT5. The advertised minimum deposit starts from about US$20 — minimums often vary by account type and entity.
Regulatory strengths
- Licensed by 1 tier-1 regulator (FCA)
- Operating for about 49 years
- Compensation scheme available at FCA and CySEC entities
- Negative balance protection required at some entities
Points to check
- International clients may be onboarded to offshore entities (CIMA)
Protection by entity
| Regulator | Compensation | Retail leverage | Negative balance protection | Disputes |
|---|---|---|---|---|
| 1 FCA | FSCS — up to £85,000 per eligible client per firm | 30:1 on major FX pairs for retail clients (20:1 minors, gold and major indices) | Required for retail clients | Financial Ombudsman Service (FOS) |
| 2 CySEC | Investor Compensation Fund (ICF) — up to €20,000 | 30:1 on major FX pairs (ESMA rules) | Required for retail clients | Financial Ombudsman of Cyprus |
| 2 DFSA | No compensation scheme | Set under DFSA conduct rules for retail clients; check the firm's disclosures | Not confirmed — check with the broker | DFSA complaints / DIFC Courts |
| 3 CIMA | No compensation scheme | No statutory cap | Not a regulatory requirement | CIMA |
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HYCM regulation FAQ
Is HYCM regulated?
Yes — in our database HYCM is matched to 4 licences: FCA (United Kingdom), CySEC (Cyprus), DFSA (United Arab Emirates) and CIMA (Cayman Islands). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is HYCM a tier-1 regulated broker?
HYCM holds 1 licence from regulators we classify as tier 1: FCA.
Does HYCM accept US clients?
HYCM is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so HYCM generally cannot accept US retail forex clients.
Is my money protected with HYCM?
Clients of HYCM's FCA and CySEC-regulated entities may be eligible for statutory compensation (FSCS — up to £85,000 per eligible client per firm; Investor Compensation Fund (ICF) — up to €20,000). Clients of other entities rely on segregation of funds and the firm's financial strength.
What is the minimum deposit at HYCM?
HYCM's advertised minimum deposit starts from about US$20. It can differ by account type, payment method and the entity you are onboarded to.
How can I verify HYCM's licence?
Find the company name and licence number in HYCM's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.