Michael Carter

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Is HYCM safe or a scam broker?

HYCM, officially Henyep Capital Markets, is one of the oldest forex and CFD brokers, with roots tracing back to 1977 under the Henyep Group. The broker operates several regulated entities: HYCM Capital Markets (UK) Ltd, licensed by the Financial Conduct Authority (FCA); HYCM (Europe) Ltd, regulated by CySEC; and HYCM Ltd, authorized by the Cayman Islands Monetary Authority (CIMA). The official website is https://www.hycm.com . FCA and CySEC oversight place HYCM in the high-trust category, requiring segregated accounts, negative balance protection, and strict compliance measures. While the Cayman license offers flexibility for international clients, its credibility mainly rests on its European and UK registrations. Independent reviews often highlight HYCM’s long history, strong regulation, and transparency. Although some traders critique its limited account types compared with newer brokers, there is no evidence of scam activity. With more than four decades of experience, HYCM is widely regarded as a safe and regulated broker.