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Hycm Capital Markets

United Kingdom|2-5 years|
MT4 Full License|Regional Brokers|Suspicious Overrun|High potential risk|

https://hycmcapitalmarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
Pricebox-Demo MT4
Server Location France

Contact

+44 7418 347440
support@HycmCapitalMarkets.com
https://hycmcapitalmarkets.com/
18 King William Street London, EC4N 7BP United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 7418 347440

English

+1 850 895 1368

Broker Information

More

Company Name

Henyep Capital Markets (UK) Limited

Company Abbreviation

Hycm Capital Markets

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 6
Previous Detection : 2024-05-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United KingdomFCA regulation (license number: 186171) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Hycm Capital Markets · Company Summary

Broker Name Hycm Capital Markets
Registered Country United Kingdom
Company Name Henyep Capital Markets (UK) Limited
Regulation Not Regulated
Minimum Deposit Not specified, depends on the chosen investment plan
Tradable Assets Currency pairs, cryptocurrencies
Demo Account Available
Payment Methods Bitcoin, Litecoin, Ethereum, Payeer, Perfect Money
Customer Support Contact form, feedback form, physical addresses, email support (support@HycmCapitalMarkets.com or customerservices@hycmcapitalmarkets.com)

Overview

Henyep Capital Markets (UK) Limited, based in the United Kingdom, claims to offer trading services in multiple jurisdictions including the UK, Cyprus, the Cayman Islands, and the United Arab Emirates. However, there are doubts surrounding the legitimacy of these regulatory claims. The company provides trading opportunities in currency pairs and cryptocurrencies, with no specified minimum deposit requirement, as it varies depending on the chosen investment plan. They offer a demo account for traders to practice their strategies. Customer support is available through various channels including contact and feedback forms, physical addresses, and email support. Payment methods accepted by the company include Bitcoin, Litecoin, Ethereum, Payeer, and Perfect Money.

Overview

Regulation

Henyep Capital Markets (UK) Limited, claims to be regulated in the UK, Cyprus, the Cayman Islands, and the United Arab Emirates. However, these claims are doubted as potentially false. This means their licenses might not be legitimate. Investors should be very cautious and thoroughly research before dealing with this broker.

Regulation

Pros and Cons

Henyep Capital Markets (UK) Limited offers a range of advantages and disadvantages for traders. While they provide diverse trading assets and convenient deposit/withdrawal options, there are concerns regarding the legitimacy of their claimed regulations. Traders should carefully consider these factors before engaging with the broker.

Pros Cons
  • Diverse range of trading assets
  • Doubts regarding the legitimacy of claimed regulations
  • Convenient deposit and withdrawal options
  • Lack of availability for certain trading assets like commodities and precious metals
  • Instant processing of withdrawal requests
  • Potential limitations on deposit amounts
  • Comprehensive customer support

Market Instruments

Henyep Capital Markets (UK) Limited offers trading opportunities across various asset classes. Here's a breakdown of the trading assets they provide:

  1. Currency Pairs: They offer a wide range of currency pairs for trading, including major pairs like EUR/USD and GBP/USD, as well as crosses like EUR/JPY and GBP/AUD. Each pair has its own payout percentage and trading hours.

  2. Commodities: While they may offer commodities such as USCrude (US Crude Oil) and Silver, it's noted that these assets are currently unavailable for trading.

  3. Precious Metals: Henyep Capital Markets may also provide trading in precious metal pairs like XAU/EUR (Gold/Euro) and XAG/EUR (Silver/Euro), although these assets are currently not available for trading.

  4. Cryptocurrencies: For those interested in digital currencies, Henyep Capital Markets offers trading in popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and Zcash. These assets are available for trading around the clock with varying payout percentages.

By offering a diverse range of trading assets, Henyep Capital Markets aims to cater to the preferences and strategies of different traders. However, it's crucial for traders to verify the legitimacy of the claimed regulations before engaging in any trading activities.

Market Instruments

Account Types

Henyep Capital Markets (UK) Limited offers convenient deposit and withdrawal options to its clients, ensuring smooth transactions. Here's a breakdown of their deposit and withdrawal processes:

Deposit:

  1. Accepted Payment Systems: Currently, Henyep Capital Markets accepts payments through Bitcoin, Litecoin, Ethereum, Payeer, and Perfect Money. They may expand their list of accepted payment systems in the future.

  2. USD Deposits: Deposits made in USD are credited to the user's account balance immediately upon confirmation.

  3. Cryptocurrency Deposits: Deposits made in cryptocurrencies like Bitcoin are credited automatically after 3 confirmations on the respective network. The confirmation process typically takes between 10 minutes to 12 hours due to network congestion. It's important to note that the deposit amount must match the specified amount during the deposit process to be credited to the account balance.

  4. Deposit Limitations: The limitations on the deposit amount depend on the chosen investment plan. Clients can find detailed information about deposit limitations in their account's Make Deposit page.

  5. Multiple Deposits: Clients can make an unlimited number of deposits, and each deposit generates profit separately according to the chosen investment plan and payment system used.

Withdrawal:

  1. Instant Processing: Requests for withdrawal of funds are processed instantly by Henyep Capital Markets. Clients can expect their withdrawals to be processed promptly upon request.

  2. Maximum Processing Time: In the rare event that a withdrawal request is pending, the maximum processing time is 48 hours. However, most withdrawals are processed instantly.

By offering a variety of payment options and ensuring swift processing of both deposits and withdrawals, Henyep Capital Markets aims to provide a seamless experience for its clients. It's important for clients to adhere to the specified deposit amounts and contact the support team if any issues arise during the deposit process. Additionally, clients can access detailed information about their deposits in the Deposit History section of their account.

Account Types

Customer Support

Henyep Capital Markets (UK) Limited provides comprehensive customer support through various channels to assist clients with their inquiries and concerns. Here's an overview of their customer support:

  1. Contact Form: Clients can use the contact form on the website to submit inquiries or request information. They need to provide their name, email address, subject, and message. The support team will then address their queries accordingly.

  2. Feedback: The company welcomes feedback from clients. Clients can provide their feedback by filling out the feedback form, including their name, email address, subject, and message.

  3. Physical Addresses: Henyep Capital Markets has physical office locations in London (UK), New York (USA), Limassol (Cyprus), Dubai (UAE), and Kuwait. These addresses provide clients with the option to visit the offices in person for assistance if needed.

  4. Email Support: Clients can reach out to the support team via email at support@HycmCapitalMarkets.com or customerservices@hycmcapitalmarkets.com. They can expect a response from the support team to address their inquiries or issues.

By offering multiple channels of communication, including contact forms, email support, and physical office locations, Henyep Capital Markets aims to ensure that clients receive prompt and efficient assistance with their trading needs and inquiries.

Customer Support

Conclusion

In conclusion, Henyep Capital Markets (UK) Limited offers a diverse range of trading assets across various markets, aiming to cater to the preferences and strategies of different traders. However, there are doubts regarding the legitimacy of their claimed regulations, urging investors to exercise caution and conduct thorough research before engaging with this broker. Despite this, the company strives to provide convenient deposit and withdrawal options, accompanied by comprehensive customer support through multiple channels. Traders should remain vigilant and seek clarification from the company if any uncertainties arise.

FAQs

Q1: Is Henyep Capital Markets regulated?

A1: Henyep Capital Markets claims to be regulated in multiple jurisdictions, including the UK, Cyprus, the Cayman Islands, and the United Arab Emirates. However, these claims are doubted as potentially false.

Q2: What payment systems does Henyep Capital Markets accept?

A2: Currently, Henyep Capital Markets accepts payments through Bitcoin, Litecoin, Ethereum, Payeer, and Perfect Money.

Q3: Are there limitations on deposit amounts?

A3: Yes, the limitations on deposit amounts depend on the chosen investment plan. Clients can find detailed information about deposit limitations in their account's Make Deposit page.

Q4: How are cryptocurrency deposits processed?

A4: Deposits made in cryptocurrencies like Bitcoin are credited automatically after 3 confirmations on the respective network, which typically takes between 10 minutes to 12 hours.

Q5: How quickly are withdrawal requests processed?

A5: Withdrawal requests are processed instantly by Henyep Capital Markets. However, in rare cases where a withdrawal is pending, the maximum processing time is 48 hours.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

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User Reviews

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Forever Young
more than one year
This company is a fake and fraudulent trading platform that steals its customers' money by using a website that is a complete rip-off of a legitimate trading website. This company has no legitimacy in the trading industry and is only interested in scamming its customers for financial gain. Therefore, it is crucial that anyone considering trading with HYCM Capital Markets should be aware of the risks.
2023-03-30 10:52
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FX1204247012
more than one year
GO AWAY, GO AS FAR AS YOU CAN, GUYS. Don’t fall to the prey of this platform. They are running an anonymous website waiting for you to jump into their traps. DON’T COME GUYS, TRUST ME!
2023-02-14 10:18
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