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HYCM in United Arab Emirates — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%100
- Safety20%100
- Payouts15%80
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Who actually onboards you
- Entity that onboards United Arab Emirates residents
- UAE clients served by locally-licensed Henyep Capital Markets (DIFC) Ltd; retail also onboarded via offshore HYCM Ltd (Cayman).
- Local standing
- Locally regulated by DFSA; no known DFSA alert.
- Licence as the register states it
- DFSA (DIFC) licence F000048 — genuine local UAE licence.
- Leverage for this entity
- DFSA entity up to ~1:50; offshore entity marketed up to 1:500.
- The firm behind it
- Henyep group founded 1977; HYCM brokerage brand, strong MENA heritage.
- What we hold against it
- Multi-regulated (FCA/CySEC/DFSA/CIMA); long track record; DFSA-licensed locally.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards UAE residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youLocally regulated by DFSA; no known DFSA alert.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against the UAE market median(priced from 60 of 75)
Medians run over the 60 of 75 brokers that publish a price for United Arab Emirates, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Fixed, Classic, Raw, VIP, min deposit USD 100. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where HYCM sits in the UAE base(75 brokers)
Round-turn cost, USD (60 of 75 priced)
Median 7 USD · range 2-35 · this broker 5 USD · 15 of 75 brokers do not publish it
Minimum deposit, USD (33 of 75 priced)
Median 50 USD · range 0-10000 · this broker 100 USD · 42 of 75 brokers do not publish it
Retail leverage (53 of 75 with a UAE figure)
Median 1:500 · range 1-5000 · this broker 1:50 · 22 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Visa/Mastercard, bank wire, Skrill, Neteller;
- Visa
- Mastercard
- Bank wire
- Skrill
- Neteller
- Account currency
- USD, EUR, GBP; local AED account not verified at review.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1.2 |
| MT5 | — | 1.2 |
| All instruments | 300+ | — |
98 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 92 more.
Identical for every row: Leverage 50 UAE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | 1,363 |
Share of reviewers in the UAE: — The platform does not publish it.
Pros and cons(5 for and 3 against, each tied to a figure on this page)
- Round turn 5 USD on the raw + commission basis, under the United Arab Emirates median 7
- Locally authorised, licence F000048, read on 09.07.2026
- Withdrawal in 24 h, one of 65 of 75 brokers here that publish a time
- Swap-free account available
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- Min deposit 100 USD, over the United Arab Emirates median 50
- The published 1:50 comes from the group's offshore entity, not from the United Arab Emirates one
- Reviews 50 of 100, its weakest of 6 scored axes
Alternatives in the UAE(6 of 75 scored in United Arab Emirates)
- Round turn, USD
- 6UAE
- Min deposit, USD
- 200UAE
- Leverage
- 50UAE
- Rank in this country
- #1
- Round turn, USD
- 6UAE
- Min deposit, USD
- 50UAE
- Leverage
- 1000 group
- Rank in this country
- #16
- Round turn, USD
- 4UAE
- Min deposit, USD
- 10 groupUAE
- Leverage
- 3000 group
- Rank in this country
- #24
- Round turn, USD
- 9UAE
- Min deposit, USD
- 100 groupUAE
- Leverage
- 400 group
- Rank in this country
- #4
- Round turn, USD
- 4UAE
- Min deposit, USD
- 50 groupUAE
- Leverage
- 1000UAE
- Rank in this country
- #15
- Round turn, USD
- 2UAE
- Min deposit, USD
- 10 groupUAE
- Leverage
- 500UAE
- Rank in this country
- #6
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a UAE score. Full methodology
| Axis | Weight | What is measured | HYCM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does HYCM accept residents of United Arab Emirates?
- Yes. Locally regulated by DFSA; no known DFSA alert. Onboarding entity: UAE clients served by locally-licensed Henyep Capital Markets (DIFC) Ltd; retail also onboarded via offshore HYCM Ltd (Cayman).
- Is HYCM licensed to serve clients in United Arab Emirates?
- DFSA (DIFC) licence F000048 — genuine local UAE licence. Checked on 09.07.2026.
- How much does one round turn cost at HYCM?
- About 5.0 USD per standard lot on EUR/USD. The median across brokers measured for United Arab Emirates is 7.0 USD.
- What leverage does HYCM offer to retail clients in United Arab Emirates?
- Up to 1:50. DFSA entity up to ~1:50; offshore entity marketed up to 1:500
- Which trading platforms does HYCM support?
- MT4, MT5. Instruments: FX (~60+ pairs), indices, commodities, shares, crypto CFDs.
- How can I withdraw money from HYCM in United Arab Emirates?
- Visa/Mastercard, bank wire, Skrill, Neteller; local UAE rails not verified at review.
- What account types does HYCM offer?
- Fixed, Classic, Raw, VIP; min deposit USD 100.
- Does HYCM offer a swap-free (Islamic) account?
- Yes. HYCM offers a swap-free (Islamic) account to United Arab Emirates residents.
Taxes for a UAE resident(1 rule)
- 0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026);https://hycm.com
Not tax advice. Check with the Federal Tax Authority.