Desk file · 2026 edition · record confidence: high
HYCM
We opened the file on HYCM the way we open every file: register first, marketing never. Trading since , with no head office we were able to confirm from a primary source, and carrying 2 licence entries on the public record, 1 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| FCA | 186171 | United Kingdom | T1 | HYCM Capital Markets (UK) Limited | register.fca.org.uk |
| DFSA | F000048 | United Arab Emirates (DIFC) | T2 | HYCM Capital Markets (DIFC) Limited | hycm.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- HYCM's licence page states the group has regulated entities in the UK and the UAE only.
- HYCM Capital Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 186171.
- HYCM Capital Markets (DIFC) Limited is authorised by the Dubai Financial Services Authority under licence F000048.
- HYCM is the trading brand of the Henyep Group and its site refers to more than 40 years of cumulative group experience.
- The HYCM website lists negative balance protection among its stated client-protection features.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- founding year
- headquarters
- minimum deposit
- maximum leverage
- EUR/USD spread
- full account type list
- segregated funds
- status of former CySEC entity HYCM (Europe) Ltd
| Founded | |
| Head office | not verified |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 1 |
| Record confidence | high |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.