HycmCapitalMarkets Review

About HycmCapitalMarkets

HYCM Capital Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 186171, permitted to deal as Principal in investments such as Contracts for Difference (CFDs), Rights to Interests in Investments, Rolling Spot Forex, and Contracts, for both retail and professional clients. All client money is held in segregated accounts in compliance with FCA Client Asset Rules and is protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per client.

HYCM Capital Markets (DIFC) Limited is regulated by the Dubai Financial Services Authority (DFSA), licence number F000048. However, under its Category 4 licence, the firm is not authorised to hold client assets or money; client funds are held by HYCM Capital Markets (UK) Limited under a tripartite customer agreement. An external auditor, Moore Stephens, performs annual audits to verify adequacy of financial resources.

HYCM (Europe) Ltd renounced its Cyprus Investment Firm licence (CySEC license no. 259/14), effective 10 June 2024. CySEC granted HYCM three months to settle client obligations and remains under supervision during that period.

Who it’s for

• Clients seeking FCA‑regulated trading with segregated client funds and FSCS protection.
• Clients in the Middle East who may use HYCM DIFC under a tripartite agreement, benefiting from FCA protections.

Pros and cons

Pros

• FCA regulation with FSCS compensation and segregated client funds.
• DFSA-regulated entity enabling service in the DIFC region, with independent audits.

Cons

• CYSEC licence has been voluntarily surrendered as of 10 June 2024, meaning no EU liquidity under HYCM Europe.