HYCM

What HYCM does

HYCM (Henyep Capital Markets) is a privately held, multi-regulated online broker providing leveraged and commission-free trading access to global financial markets. Founded in 1980 with a group history spanning over 40 years and headquartered in London, the company serves both retail traders and institutional clients across 140+ countries, operating through regulated entities licensed by the UK Financial Conduct Authority (HYCM Capital Markets (UK) Limited) and the Dubai Financial Services Authority (HYCM Capital Markets (DIFC) Limited). The primary registered entity is HYCM Capital Markets S.R.L. in Costa Rica, with regional offices in London, Dubai, Kuwait, and Hong Kong.

The platform stack comprises MetaTrader 4 and MetaTrader 5 (licensed from MetaQuotes) supplemented by a proprietary HYCM Trader mobile application for iOS/Android, a Web Trader terminal, and supporting tools including trading calculators, an economic calendar, and integrations with Seasonax and Financial Source. Products span 300+ tradable instruments across CFDs on forex, stocks, indices, commodities, and cryptocurrencies, plus HYCM INVEST, a commission-free stock investing service launched in 2023 with fractional shares from $10. Account tiers include Fixed (spreads from 1.5 pips, no commission), Classic (variable spreads from 1.2 pips, no commission), and Raw (spreads from 0.1 pips plus $4/round FX commission). The company reports average order execution under 12ms, maximum leverage up to 1:500, and negative balance protection.

Revenue is generated primarily through bid-ask spreads across account tiers and per-round commissions on Raw account FX and metals trades, with HYCM INVEST introducing a commission-free stock trading flow. Distribution is digital-first and self-serve: customers register online, deposit via multiple payment methods (minimum $20), and trade via web, desktop, or mobile. The go-to-market combines multilingual SEO/content marketing, financial media PR, regional industry events, and a refer-a-friend program offering up to $180 per successful referral. Customer segments include individual retail traders, VIP/professional high-volume traders, and stock investors — served through a horizontal segmentation approach without named enterprise or institutional anchor clients in the data.

Name

HYCM

Legal name

HYCM Capital Markets S.R.L.

Website

https://hycm.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

HYCM is a privately held, multi-regulated online broker (FCA, DFSA) offering leveraged CFD trading and commission-free stock investing via MetaTrader 4/5, a proprietary mobile app, and HYCM INVEST. It serves retail and professional traders across 140+ countries from offices in London, Dubai, Hong Kong, and Kuwait.

Ownership category

akta.pro rank

Product category

Online Forex & CFD Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160), Commodity Contracts Intermediation (52316)

SIC

Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

Keywords

• Online forex trading
• CFD brokerage services
• Multi-asset trading platforms
• Commission-free stock investing
• Retail FX broker

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Spreads (Fixed and Variable): Revenue generated from the bid-ask spread on trading instruments. Fixed account offers spreads from 1.5 pips, Classic account from 1.2 pips, and Raw account from 0.1 pips. Spreads represent the primary revenue driver across all account types.
2. Trading Commissions (Raw Account): Per-round commission charges on Raw accounts: $4 per round for FX, $5 per round for metals, and $0 for other instruments.
3. Stock Trading (HYCM INVEST): Commission-free stock investing service allowing clients to invest in 1000+ stocks with fractional share support starting at $10. Revenue model supports zero commissions on stock trading.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

HYCM is a multi-regulated online broker providing retail and professional traders access to trade 300+ instruments across Forex, Stocks, Indices, Commodities, and Cryptocurrencies via CFDs. Trading is delivered through four channels: the proprietary HYCM Trader mobile app, MetaTrader 4, MetaTrader 5, and a browser-based Web Trader. The company also operates HYCM INVEST, a commission-free fractional-share stock investing platform covering 1,000+ stocks.

Product overview

HYCM is a multi-regulated online trading broker offering a comprehensive suite of trading products and services. The core offering consists of multiple trading platforms including the proprietary HYCM Trader mobile app (Android/iOS), MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Web Trader terminal. These platforms provide access to 300+ trading instruments across Forex, Stocks, Indices, Cryptocurrencies, and Commodities through CFDs. The company also offers HYCM INVEST, a commission-free stock investing platform for buying 1,000+ stocks with fractional share support starting at $10. Account types include Fixed, Classic, and Raw accounts with varying spread structures and commission arrangements. Supporting tools include Trading Calculators (Pip, Margin, Swap, Currency), Economic Calendar, and financial analysis tools Seasonax and Financial Source available at no additional cost. The platform supports negative balance protection, ultra-fast order execution (under 12ms average), and maximum leverage up to 1:500.

Differentiator

Problem solved

Functional benefit

Products and services

• HYCM Trader Mobile App Proprietary mobile trading application for Android and iOS that lets clients access and manage their accounts, discover trading opportunities, and trade 300+ instruments directly from their phone with personalized price notifications, multiple charts/indicators, and in-app deposits/withdrawals. Built for individual retail traders and active professionals who trade on mobile.
• MetaTrader 4 (MT4) Platform MetaTrader 4 desktop, web, and mobile trading platform integrated with HYCM for CFD trading on currencies, stocks, indices, cryptocurrencies, and commodities. Includes advanced technical analysis, flexible trading systems, Expert Advisors (automated trading), and mobile trading applications. Targeted at retail and professional traders who want the industry-standard MT4 experience powered by HYCM execution.
• MetaTrader 5 (MT5) Platform MetaTrader 5 multi-asset electronic trading platform powered by HYCM for trading 300+ instruments with advanced technical analysis, fundamental analysis, flexible trading systems, 21 timeframes, 6 pending order types, an integrated economic calendar, and compatibility with automated trading applications (Expert Advisors). Aimed at active and professional traders wanting MT5's broader asset class and analytics tooling.
• Web Trader Terminal Browser-based trading terminal available for both MT4 and MT5 users, enabling trade execution directly from a web browser without downloading or installing additional software. For traders who want HYCM execution but cannot or prefer not to install desktop/mobile apps.
• HYCM INVEST Commission-free stock investing platform offering access to 1,000+ popular global stocks with fractional share purchases starting at $10 and dividend income from stocks that pay regular dividends. Targeted at individual investors who want low-cost, low-minimum exposure to global equities through HYCM rather than leveraged CFD trading.
• CFD Trading Service Contracts for Difference trading service covering Forex, Stocks, Indices, Cryptocurrencies, and Commodities with leverage up to 1:500, spreads from 0.1 pips, and negative balance protection. The core brokerage offering delivered through HYCM Trader, MT4, MT5, and Web Trader, aimed at retail and professional traders seeking leveraged multi-asset market access.

Quantifiable outcome

• Average execution time under 12ms
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature7 records

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Pepperstone: Pepperstone is a multi-regulated (ASIC, FCA, DFSA, CySEC, SCB) retail FX/CFD broker built on MetaTrader and cTrader with strong MENA and Asia presence. Direct competitor to HYCM in MT4/MT5-based retail FX/CFD intermediation across similar geographies.
• IC Markets: IC Markets is a multi-regulated (ASIC, CySEC, FSA, SCB) retail forex and CFD broker focused on raw-spread, MT4/MT5/cTrader execution. Comparable to HYCM in retail FX/CFD intermediation, low-spread positioning, and MT4/MT5 stack reliance.
• Plus500: Plus500 is a publicly listed multi-regulated retail CFD broker offering a proprietary platform across forex, indices, commodities, shares, and crypto. Closely comparable to HYCM in product scope and customer segments, with similar self-serve digital acquisition.
• FXCM: FXCM is a multi-regulated retail forex and CFD broker offering proprietary Trading Station alongside MT4. Comparable to HYCM in retail FX/CFD intermediation, multi-platform offering, and global multi-jurisdiction regulation.
• XM Group: XM Group is a large, multi-regulated (CySEC, ASIC, IFSC, DFSA) retail forex and CFD broker offering MT4/MT5 access with low minimum deposits and global reach. Directly comparable to HYCM in product, regulation footprint, and digital-led retail targeting.
• eToro: eToro is a multi-regulated social trading platform offering CFDs and real stocks to retail investors globally. Directly comparable to HYCM in retail FX/CFD intermediation plus commission-free stock trading (mirroring HYCM INVEST).
• AvaTrade: AvaTrade is a multi-regulated (Central Bank of Ireland, ASIC, FSCA, FSA, CySEC, JFSA) retail forex and CFD broker offering MT4/MT5 and proprietary platforms. Directly comparable to HYCM in regulated multi-region retail FX/CFD intermediation.

Broad incumbents

• OANDA: OANDA is a multi-regulated (NFA/CFTC, FCA, MAS, ASIC, JFSA) forex broker offering retail and institutional FX/CFD services plus proprietary platform. Comparable to HYCM in regulated retail FX intermediation with broader institutional footprint.
• IG Group: IG Group is a larger, publicly listed multi-regulated broker offering CFDs, spread betting, and stock trading across global markets. It overlaps with HYCM in retail FX/CFD and multi-platform distribution, but operates at significantly greater scale and brand recognition.

Others

• Interactive Brokers: Interactive Brokers is a globally regulated, multi-asset broker serving active traders and institutional clients with FX, CFDs, and direct exchange access via advanced platforms and APIs. Compares thematically to HYCM in multi-asset trading but operates at materially larger scale and institutional orientation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hycm
• Xx.com/hycm

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HYCM