HYCM

With HYCM, you can trade CFDs on 300 instruments, across 6 asset classes. These include:

• Forex: CFDs acrosss 69 currency pairs (Majors and Minors).
• Stocks: CFDs across 149 American and European stocks (with no coverage of meme stocks).
• Indices: CFDs across 28 global indices, spanning the American, European and Asian stock markets, and market segments (such as small, mid and large caps).
• ETFs: CFDs on 19 ETFs, which span industry groups (i.e. Tech, industrials) and geographies (e.g. emerging markets).
• Crypto-currencies: CFDs across 19 crypto-currencies and blockchain networks, including BTC, ETH, LTC and ADA.
• Commodities: CFDs on the price of precious and industrial metals, agricultural commodities and energies.

HYCM supports both MetaTrader 4 and 5, two of the world's leading trading platforms for retail investors. If you're looking to trade the widest possible range of instruments, we recommend MetaTrader 5. HYCM's MetaTrader 5 platform supports 300 instruments, versus 90 for its MetaTrader 4 platform. HYCM accepts all Expert Advisors, except scalping and high-frequency trading bots.

All accounts are available interest-free (also known as swap-free) for Muslim investors. You can keep your positions open for up to 14 days without incurring overnight charges. Beyond that period, HYCM will charge a flat $5 per instrument. To open an account in Islamic format, open an account online at HYCM.com and speak to your account manager before you trade.

Leverage is capped at 1:30 for clients that reside either in the UK or the EU. Clients who reside in the rest of the world can enjoy flexible leverage up to 1:500.

HYCM accepts a wide range of payment methods including credit and debit cards, Neteller, Skrill and Webmoney.

HYCM accepts the following currencies for your account's base currency: AED, CAD, EUR, GBP, RUB and USD.

HYCM accepts investors from a wide range of countries, with notable exceptions. For example, HYCM cannot accept clients who live in the USA, Hong Kong or Canada. Please visit HYCM's website for the full list of countries.

HYCM operates through companies regulated in the UK, the European Union, the United Arab Emirates and the Cayman Islands. If you open an account with its UK or European companies, you may be covered by an investor compensation fund.

• Henyep Capital Markets (UK) Limited: authorized and regulated by the Financial Conduct Authority with reference number 186171. Payments under the UK's Financial Services Compensation Scheme are limited to a maximum of £50,000 per customer.
• HYCM (Europe) Ltd: authorized and regulated by the Cyprus Securities and Exchange Commission under license number 259/14. Payments under CySEC's Investor Compensation Fund (ICF) are capped at €20,000 per customer.
• HYCM Ltd : regulated by the Cayman Islands Monetary Authority (CIMA), with reference number 1442313.
• HYCM (DIFC): incorporated in the United Arab Emirates and regulated by the Dubai Financial Services Authority (DFSA).

A short history of HYCM

HYCM (HYCM.com) is a division of The Henyep Group, an international corporation with over 40 years of operational history. The group's roots lie in Hong Kong, where Henyep Gold Dealers founded as a member of the Hong Kong Gold and Silver Exchange Society in 1977. The following year, Henyep Securities founded as a member of the Hong Kong Commodities Exchange.

Since, the group has expanded across four continents. It opened its first branch in New York in 1980, was granted a license by the UK's financial regulator in 1998, established a presence in Dubai in 2006 and acquired its current CySEC license through an external acquisition in 2015.

Over the years, HY Markets has received a string of awards including "Best FX Broker, Northern Europe" by the World Finance 2012 Awards and "Best Forex Brokers in the Middle East" by the IB Times Trading Awards 2011.

In 2016, Henyep consolidated its investment brands under HYCM.com, a multi-platform online trading service.