Registration, financial regulation
Henyep Capital Markets, depending on the jurisdiction, is licensed by the FCA in the United Kingdom, CySEC in the European Union and CIMA in the Cayman Islands. Henyep Markets is part of the Chinese Gold and Silver Exchange Society financial group for trading in precious metals.
Warranties and insurance
HYCM reports on all customer transactions through UnaVista, the international platform (FCA) and DTCC (CySEC), which gives customers additional legal guarantees. The company is an active participant in the anti-money laundering program by FATF standards, so be prepared to thoroughly verify the legality of the proceeds.
In addition to the service of using segregated accounts, customers are guaranteed protection of investments under the FSCS scheme in the amount of up to £50000, as well as insurance from the ICF Fund in the amount of up to €20000. For large customers, insurance from Lloyd’s of London up to $1000000 is possible if HYCM is not able to resolve claims brought against it.
HYCM group works with all types of asset, except binary options:
- 67 currency pairs: spreads from 0.2 points, leverage no more than 1:200, margin from 0.50%;
- more than 1000 stocks: leverage 1:20, margin from 0.50%
- 15 stock indices: leverage no more than 1:200;
- 5 main crypto currencies: leverage of 1:20;
- CFD on raw materials; leverage up to 1: 133.
Minimum HYCM deposit $100, minimum transaction volume 0,01 lot, minimum HYCM swap rates 0.2.
HYCM forex broker is not keen on crypto currencies due to difficulties with the legal regulation of such operations and a high risk of losses.
Henyep investment offers the client several types of trading accounts:
- standard (with fixed spreads from 1.8 pips, no commissions);
- classic (floating spreads − from 0 points, no commissions);
- RAW account (net spread from 0.2 points, + $4 for entering the market);
- HYCM demo account for 30 days;
- HYCM account type VIP (personal manager, trust management, expert analysis, more favorable spreads for standard accounts).
HYCM swap-free «Islamic» accounts are provided for any investor, but on fairly stringent conditions and can be canceled by a decision of the company without additional warning.
The company works through branded standard applications HYCM MetaTrader 4(5) with trading signals from Trading Central directly on the price chart and proprietary technical analysis inside the trading platform. There are mobile versions of MetaTrader 4 for Android/iOS, as well as an application for online trading HYCM Web Trader.
HYCM platform is compatible with automated trading applications, and HYCM MetaTrader 5 version offers additional services, including 21 timeframes, 6 types of pending orders and an integrated fundamental economic calendar.
Deposit and withdrawal
Deposit replenishment and withdrawal of funds are carried out without commissions. The company prefers bank transfers and Visa cards (minimum amount is $250, execution time is up to 7 business days), but funds can also be withdrawn via electronic payment systems Webmoney, Skrill, Neteller (from $20, execution time − 1 business day). The HYCM withdrawal of funds is carried out by the same method by which the first replenishment of the trading account was performed.
Henyep Capital Market s is rightly proud of its customer support. Each client receives a personal manager, professional marketing and technical support is provided in 6 languages online.
For HYCM capital, your feedback is important. The company, in addition to active advertising, conducts constant work with customers: special surveys, questionnaires, press conferences, leading experts to conduct open workshops and webinars, and also reviews HyMarkets posted on the network or in the media.
The reference materials in the standard format HY markets wiki are placed in a separate section of the HYCM website, but in general − nothing special.
Information support and social communications
Analytical support is presented in the form of regular consultations, a forum, a chat, mailing lists and trading signals. Of particular interest are regular expert webinars (HYCM news, HYCM trading review) with analysis of the current market, which help prepare for a new trading week or session. Social networks are not a priority for the company’s information service, although the youtube channel is actively supported.
Bonuses & Promos & Partnership
Advertising and HYCM promotions are active but effective and very loyal to any target audience. There are contests for traders and HY markets bonuses for beginners in the form of trade credit for a deposit. The cooperation schemes are shown below on the screen work fine (personally verified by the author of the article).
Аnd look how well that turned out?
Henyep Capital Markets UK limited has long been considered the market leader and is an example of British business. Despite the company’s cautious approach to new assets and technologies, it’s trading conditions are comfortable for conservative traders with any level of training and capital.
Overall assessment from the point of view of the prospective client: 79 marks out of 100
You are free in your final choice and let it be the right one!