HYCM, also known as Henyep Markets, stands as one of the pioneers in global forex and CFD trading, with a history that spans over four decades. Founded in the United Kingdom, the broker has successfully maintained a presence across Europe, the Middle East, and Asia, combining traditional financial expertise with modern trading technology. Its long-standing reputation is built on transparency, strong regulation, and a client-centric approach that prioritizes security and education over aggressive marketing. For Asian traders, HYCM’s blend of legacy stability and accessible trading conditions provides a compelling balance between trust, technology, and opportunity — making it a relevant and enduring choice in today’s competitive brokerage landscape.
Between 60 to 80% of retail CFD accounts lose money.
| Regulators | FCA DFSA CIMA |
|---|---|
| Minimum Deposit | $20 |
| Leverage | Between 1:30 and 1:500 | Payment Methods | Bank Transfer Visa Mastercard Cryptocurrencies |
HYCM (Henyep Markets) is one of the oldest and most reputable forex and CFD brokers still active in global markets today. Founded more than 40 years ago, it has evolved from a traditional institutional trading house into a modern multi-platform brokerage catering to retail and professional clients alike. Its longevity alone speaks volumes in an industry where many brokers vanish after only a few years. HYCM’s ability to adapt to new technology, regulation, and market dynamics demonstrates both operational resilience and strong corporate governance.
For Asian traders, HYCM represents a bridge between old-school reliability and modern-day innovation. Many traders in Asia value long-term stability, preferring brokers with proven track records over flashy marketing campaigns. HYCM fits that profile perfectly — it’s not a new face in the industry but rather a consistent presence that has quietly refined its trading conditions, execution models, and client services over decades. This gives it a credibility advantage in a region where traders are increasingly cautious about offshore and short-lived brokers.
At first glance, HYCM’s offering is neatly structured around three core account types — Fixed, Classic, and Raw — designed to meet different experience levels and trading styles. Each account type clearly specifies spreads, commissions, and leverage, leaving no ambiguity for new users. This transparency is one of HYCM’s strongest features and contrasts with many competitors that obscure true costs behind marketing language. Add to this a strong regulatory background and multilingual support, and HYCM positions itself as a serious choice for traders across Asia.
While the broker’s design and website may feel conservative compared to newer fintech brands, its backend infrastructure and execution speed remain competitive. HYCM has steadily upgraded its technology stack, integrating MetaTrader 4, MetaTrader 5, and its proprietary HYCM Trader platform. For Asian users accustomed to trading on mobile devices and during regional sessions, these platforms ensure seamless performance and access to global liquidity pools without slippage concerns. In short, HYCM’s first impression is one of quiet authority — experienced, well-regulated, and consistently reliable.
Regulation
HYCM’s reputation is built on its strong regulatory foundation and long operational history. The broker operates under multiple entities to serve clients across different jurisdictions, each supervised by respected financial authorities. While HYCM previously held a CySEC license in Cyprus, that authorization has since been discontinued. However, the broker continues to maintain a solid regulatory framework through its remaining active licenses, ensuring investor protection and compliance with international standards.
- United Kingdom: Authorized and regulated by the Financial Conduct Authority (FCA) — one of the world’s most trusted and stringent regulators.
- Dubai: Licensed by the Dubai Financial Services Authority (DFSA), which enforces strict operational transparency within the DIFC jurisdiction.
- Cayman Islands: Supervised by the Cayman Islands Monetary Authority (CIMA), allowing the broker to serve global clients with flexible leverage.
This tri-regulatory structure gives HYCM a hybrid advantage. The FCA and DFSA provide top-tier oversight for client fund segregation, AML compliance, and fair dealing standards. Meanwhile, CIMA enables broader flexibility in offering leverage up to 1:500, which appeals to experienced traders and those outside heavily restricted regions. For Asian traders, this combination translates to confidence in operational safety while maintaining competitive trading conditions not always available under stricter jurisdictions like Singapore’s MAS.
HYCM’s adherence to global financial norms extends beyond paperwork. The broker enforces negative balance protection, keeps client funds in segregated Tier-1 bank accounts, and submits to regular audits by its regulators. This risk-control framework ensures that traders’ capital remains secure even during volatile events such as flash crashes or geopolitical shocks. For Asia-based clients, particularly in markets like Indonesia, Malaysia, and Thailand, this level of protection is often the deciding factor when choosing between offshore brokers.
In conclusion, HYCM’s regulatory strength rests on a blend of rigor and accessibility. Although it no longer operates under CySEC, the broker’s alignment with FCA and DFSA standards keeps it within the “Tier-1 and Tier-2” regulatory range, suitable for traders seeking both trust and freedom. Asian investors, especially those accustomed to strict compliance under local regulations, can consider HYCM a well-supervised and transparent partner.
Account Opening — Our Experience
Opening an account with HYCM is a straightforward, digital-first process that caters to traders from various regions, including Asia. The onboarding system follows international KYC protocols while minimizing friction through online verification and document uploads. Typically, identity and proof-of-address documents are verified within one business day, allowing clients to fund and trade almost immediately. This efficiency is particularly valuable for Asian traders who often face time zone delays when dealing with brokers headquartered in Europe or the Americas.
The minimum deposit of just USD 20 provides a very low entry barrier, making HYCM accessible to beginners and small-scale traders. Funding options include bank transfers, credit/debit cards, and regional e-wallets, depending on location. Asian traders can also take advantage of localized payment systems for faster deposits and withdrawals, which helps avoid the long waiting periods that sometimes occur with less-integrated brokers. Withdrawal requests are processed within 24 to 48 hours, reflecting HYCM’s commitment to operational reliability.
Throughout our testing process, HYCM’s customer support team stood out for its professionalism and multilingual capacity. Live chat responses were prompt, available in English and several Asian languages, including simplified Chinese. The support agents were well-trained and technically informed — a critical difference from scripted chatbots. For traders who prioritize dependable service, this personalized assistance reinforces HYCM’s image as a mature, client-centered broker.
Overall, our account opening experience with HYCM was efficient and secure. The broker clearly prioritizes compliance and client verification without making the process cumbersome. Its user portal is intuitively designed, and the funding experience is smooth from start to finish. For Asian users who value simplicity and fast onboarding, HYCM delivers a high-quality first impression that sets a strong operational tone for the trading journey ahead.
Account Types
HYCM offers three main account types — Fixed, Classic, and Raw — each designed to serve distinct trading preferences and strategies. The structure reflects HYCM’s understanding that traders have different priorities: some value cost predictability, others want minimal spreads, and a growing segment prefers institutional-grade pricing through ECN-like models. The account range balances all three needs while maintaining consistency in leverage, base currency options, and platform compatibility.
| Account Type | Spreads From | Commission | Minimum Deposit | Leverage | Platforms |
|---|---|---|---|---|---|
| Fixed | 1.5 pips | No | $20 | Up to 1:500 | HYCM Trader, MT4, MT5 |
| Classic | 1.2 pips | No | $20 | Up to 1:500 | MT4, MT5 |
| Raw | 0.1 pips | $4–$5 per round | $20 | Up to 1:500 | MT4, MT5 |
The Fixed Account is ideal for conservative traders who prefer stability and predictable costs, even during high-volatility periods. It offers spreads starting from 1.5 pips and no commissions. The Classic Account, meanwhile, provides variable spreads with slightly tighter pricing for traders seeking a balance between flexibility and simplicity. The Raw Account stands out as the most advanced option, offering near-institutional spreads starting at 0.1 pips with a small commission — perfect for scalpers or algorithmic traders requiring precise cost control.
All accounts support Islamic (swap-free) versions, maintaining HYCM’s inclusivity across different regions and beliefs. The consistent $20 deposit across all accounts is an advantage for beginners who may wish to test different structures without committing large capital. This accessibility, paired with strong execution through MT4 and MT5, makes HYCM’s account system one of the most transparent in the industry. For Asian traders, where diverse trading cultures exist, such flexibility ensures every investor can find a setup suited to their style.
In summary, HYCM’s account lineup is intelligently structured, balancing cost, flexibility, and accessibility. The broker’s approach reflects both professionalism and respect for client diversity — values that resonate strongly in the Asian market, where financial literacy and trading sophistication are rapidly growing.
Platforms
HYCM supports three major platforms: MetaTrader 4, MetaTrader 5, and HYCM Trader. MT4 remains the industry favorite for its reliability and compatibility with EAs (Expert Advisors), while MT5 brings advanced order management and improved backtesting for algorithmic strategies. Both platforms are available for desktop, web, and mobile, ensuring seamless cross-device functionality. HYCM Trader, the proprietary platform, caters to modern traders who prefer an integrated ecosystem with in-app analytics and direct support access.
Asian traders often value flexibility in execution speed and compatibility with automation tools. HYCM’s MetaTrader servers deliver low latency, ensuring that orders placed during the Asian session — often less liquid and more volatile — execute with minimal slippage. This consistency can significantly impact profitability for scalpers and day traders who rely on rapid execution.
Beyond functionality, HYCM provides educational resources and tutorials for both MT4 and MT5, supporting users who are transitioning between platforms. The broker’s proprietary platform adds an intuitive interface suitable for mobile-first users, featuring integrated charts, news updates, and real-time economic calendars. This is particularly relevant in Asian markets like Singapore and Malaysia, where mobile trading adoption is among the highest globally.
Overall, HYCM’s platform offering is versatile and robust. Whether you’re an algorithmic trader, a manual analyst, or a beginner, the broker’s infrastructure supports a smooth and efficient trading experience. The combination of MetaTrader reliability with HYCM’s in-house innovation ensures accessibility for every trading profile.
Assets
HYCM provides access to a wide variety of CFDs covering forex, metals, commodities, indices, stocks, and cryptocurrencies. The selection is curated to meet global demand while ensuring adequate liquidity and execution quality across all asset classes. For Asian traders, this breadth of coverage enables multi-asset diversification within a single account, reducing the need to maintain multiple broker relationships.
Available Assets
Below you can see which assets are available for trading with HYCM:
| Asset | Availability |
|---|---|
| Currencies | 64 |
| Real Stocks | ✗ |
| Stock CFDs | ✓ |
| Commodities | ✓ |
| Indices | ✓ |
| Real ETFs | ✗ |
| ETFs CFDs | ✓ |
| Futures | ✗ |
| Options | ✗ |
| Bonds | ✗ |
| Cryptocurrency CFDs | ✓ |
| Real Cryptocurrencies | ✗ |
*Availability of certain assets may vary based on account type, platform, or region.
In forex, HYCM delivers major, minor, and exotic pairs suitable for traders focused on both global and regional trends. Precious metals and commodities appeal to those using macroeconomic hedging strategies, while indices and equities provide an entry into global stock market speculation. Cryptocurrency CFDs, available under the CIMA entity, cater to modern traders seeking volatility opportunities without direct crypto ownership.
The broker’s asset list aligns with global standards but is especially well-suited for Asia, where traders often blend forex trading with commodities and index exposure. This diversity mirrors regional market behavior — for example, Malaysian traders combining gold and USD/JPY pairs, or Thai traders engaging in stock index speculation. HYCM’s asset variety supports such cross-market strategies efficiently.
Ultimately, HYCM’s asset selection is designed not to overwhelm but to empower. By maintaining depth rather than unnecessary volume, the broker provides quality liquidity and reliability — essential attributes for Asian traders navigating dynamic market sessions.
Spreads
HYCM maintains a clear and tiered spread system based on account type. Fixed spreads start from 1.5 pips, offering predictability during news releases and high-volatility environments. Classic accounts feature variable spreads beginning at 1.2 pips, which often tighten under normal liquidity. The Raw account provides institutional-grade spreads from as low as 0.1 pips plus a small commission. This layered pricing ensures every trader — from cautious beginners to high-frequency professionals — finds cost conditions aligned with their risk appetite.
Spreads Offered
Below a visual representation of HYCM's spreads across several currency pairs:
*Spreads are variable and may change based on market conditions, account types and trading volumes.
Transparency is key to HYCM’s pricing philosophy. Unlike brokers that quote inconsistent spreads across entities, HYCM clearly outlines its cost structure on its website and in the trading platform. For Asian clients who trade during mixed liquidity hours (Tokyo and Sydney sessions), stable and honest spreads can dramatically impact long-term profitability. The Raw account, in particular, stands out for offering ECN-like pricing with full visibility on cost per round lot.
Comparatively, HYCM’s spreads compete favorably with leading global brokers. Its hybrid pricing model allows it to deliver low-cost execution without sacrificing stability — a rare combination that benefits traders in less volatile Asian timeframes. Scalpers and algorithmic traders operating overnight will appreciate the consistency of spreads even during thin liquidity.
In summary, HYCM’s spread offering reflects professional-grade structure and commitment to cost clarity. This consistency, paired with transparent commissions, makes it a dependable option for cost-conscious traders throughout Asia.
Other Trading Costs
Beyond spreads and commissions, HYCM keeps additional fees to a minimum. There are no deposit or withdrawal charges, except for potential intermediary banking fees depending on payment providers. Inactivity fees apply after 90 days of account dormancy, a standard practice among regulated brokers. However, such charges are clearly disclosed in advance and easily avoidable with minimal account activity.
HYCM does not impose hidden markups on overnight swaps or internal conversions. Its swap-free (Islamic) account option removes interest charges entirely, aligning with Sharia-compliant trading standards common in parts of Southeast Asia and the Middle East. For active traders who maintain overnight positions, these transparent cost structures help maintain accurate P&L expectations.
Funding and withdrawal processes remain straightforward, with multiple methods supported regionally. Asian traders can use local payment gateways where available, minimizing conversion costs and settlement delays. The broker’s financial operations are backed by well-defined internal policies and FCA/DFSA oversight, further assuring cost integrity.
In essence, HYCM’s approach to trading costs is ethical and balanced. It avoids the pitfalls of “zero-fee” marketing gimmicks, opting instead for complete clarity and fair pricing. This philosophy appeals to Asian traders who prioritize trust and transparency in financial dealings.
Trading Conditions
HYCM’s trading environment combines stability, technology, and regulatory discipline. Order execution is fast and consistent across all platforms, with an average speed under 20 milliseconds. Liquidity is sourced from multiple top-tier providers, ensuring minimal slippage even during macroeconomic announcements. These conditions are particularly valuable for Asian traders who execute during the quieter Tokyo session, where many brokers exhibit higher spreads and slower fills.
Leverage is flexible, capped at 1:500 under CIMA regulation and 1:30 under FCA/DFSA supervision. This dual structure allows traders to choose between higher exposure and tighter regulatory control depending on their entity of registration. For Asian markets with mixed leverage restrictions, such adaptability provides freedom without compromising safety.
HYCM also integrates advanced risk management tools within MT5 and its proprietary platform. Features such as stop-out protection, partial order execution, and one-click trading improve usability and precision. The broker’s execution policies are clearly documented, aligning with international best practices and ensuring fairness for all clients, regardless of region.
In total, HYCM offers trading conditions that align with professional standards — responsive execution, transparent leverage, and a reliable technology framework. For Asian traders seeking disciplined yet flexible trading infrastructure, HYCM delivers a balanced combination of both worlds.
Is HYCM a Good Option for Asian Traders?
HYCM’s presence across multiple regulated jurisdictions and its adaptability to global trading patterns make it a strong candidate for Asian traders. The broker’s longevity alone inspires confidence in regions where financial scams and short-lived brokers remain concerns. With a $20 entry point, local payment integration, and multilingual support, HYCM demonstrates genuine inclusivity for clients across Southeast and East Asia.
From a cultural standpoint, Asian traders often value discipline, reliability, and trustworthiness in their financial partners — qualities that HYCM embodies through decades of consistent operation. Its transparent cost model, negative balance protection, and adherence to FCA/DFSA norms align well with these expectations. For investors transitioning from local or regional platforms to globally regulated environments, HYCM provides a smooth, credible bridge.
Educational support is another highlight. The broker frequently hosts webinars and publishes training resources suitable for Asian time zones. This accessibility helps local traders develop skills in technical analysis, risk management, and strategy building, enabling more sustainable trading practices. Such educational initiatives demonstrate HYCM’s understanding of the region’s evolving trading maturity.
In conclusion, HYCM is indeed a good option for Asian traders — not because it markets aggressively, but because it delivers consistently. Its hybrid regulatory footprint, low entry cost, and reliable execution model make it a balanced and dependable choice in the crowded forex market.
Our Verdict
HYCM remains one of the few brokers that successfully balance heritage with modernity. In an industry where many new platforms compete on aggressive marketing and bonuses, HYCM stands out for its credibility and consistency. Its four-decade presence in global finance is not a coincidence — it is the result of careful regulation, stable execution, and an unwavering commitment to client security. For Asian traders, especially those who value reliability and long-term financial relationships, HYCM offers the rare combination of institutional discipline and retail accessibility.
From a cost perspective, HYCM delivers a transparent and fair pricing model. The account options — Fixed, Classic, and Raw — accommodate all trading profiles, from beginners seeking predictability to professionals pursuing raw spreads. The broker’s decision to keep the minimum deposit as low as USD 20 also makes it attractive to new traders across Asia who want to start with limited capital. More importantly, HYCM avoids hidden markups or misleading zero-fee claims, instead opting for an honest structure that fosters trust, which is vital for sustainable trading growth.
Technologically, HYCM has kept pace with the digital transformation of trading. Its integration of MetaTrader 4 and MetaTrader 5 alongside its proprietary HYCM Trader platform ensures that clients enjoy fast, reliable execution with full support for algorithmic trading. For Asian clients trading during local sessions, this infrastructure minimizes latency and slippage — two elements that can significantly influence profitability. The inclusion of educational tools, webinars, and localized support further strengthens HYCM’s appeal to developing trading communities throughout the region.
In conclusion, HYCM is a broker that stands on solid ground. Its regulatory credibility, operational transparency, and long-term reputation position it among the most dependable choices for Asian traders in 2025. While it may not be the flashiest name in the market, it excels where it matters most — safety, cost fairness, and execution quality. Traders seeking a disciplined, well-regulated, and globally connected environment will find HYCM not just a service provider, but a reliable trading partner designed for the long run.
Frequently Asked Questions
Is HYCM regulated in Asia?
HYCM is not directly regulated by the Monetary Authority of Singapore (MAS) or any other Asian Tier-1 regulator. However, it holds multiple top-tier licenses from the FCA (UK), DFSA (Dubai), and CIMA (Cayman Islands). These authorizations ensure global compliance standards, financial transparency, and protection mechanisms that extend to clients across Asia through cross-border service permissions.
What is the minimum deposit required to open an account with HYCM?
The minimum deposit across all HYCM account types — Fixed, Classic, and Raw — is only USD 20. This low threshold makes the broker highly accessible for beginner traders in Asia who wish to start small or test trading strategies in real-market conditions before scaling up.
Does HYCM offer Islamic or swap-free accounts?
Yes. All HYCM account types can be converted into swap-free accounts compliant with Islamic finance principles. This option is available upon request and removes overnight interest charges, making it ideal for traders from regions such as Indonesia, Malaysia, and the Middle East where Sharia compliance is essential.
Which trading platforms does HYCM provide?
HYCM supports MetaTrader 4, MetaTrader 5, and its proprietary HYCM Trader platform. MT4 and MT5 cater to professional and algorithmic traders, while HYCM Trader is optimized for mobile-first users who prefer simplicity and integrated analytics. All platforms are accessible on desktop, web, and mobile, ensuring a consistent experience for traders operating during Asian sessions.
Are HYCM’s spreads competitive compared to other brokers?
HYCM’s spreads are transparent and tiered by account type. Fixed accounts start from 1.5 pips, Classic accounts from 1.2 pips, and Raw accounts from 0.1 pips plus a small commission. This flexibility allows both conservative and professional traders to choose the most cost-efficient structure for their strategies. For Asian time zones, where liquidity fluctuates, HYCM’s stable pricing model offers notable consistency.
Is HYCM suitable for beginners in Asia?
Yes. With a low entry requirement, multilingual support, and strong educational resources, HYCM is particularly beginner-friendly. The broker offers webinars, guides, and platform tutorials designed for new traders, including those trading from Asia-Pacific markets. Combined with its transparent fee structure and regulated background, HYCM serves as a safe and instructive entry point for those starting their trading journey.
Note: Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. Singapore Forex Club is not responsible for any financial decisions based on this article's contents. Readers may use this data for information and educational purposes only.
