HYCM (Henyep Capital Markets) is a globally recognized forex and CFD broker founded in 1977, with its headquarters in the UK. With nearly 50 years of experience, it has built a strong reputation for reliability and regulatory compliance. For Syria traders, HYCM offers a gateway to international markets, including forex, commodities, indices, and cryptocurrencies. The broker is particularly relevant for Syria due to its acceptance of USDT (Tether) deposits, which provides a practical solution for traders facing banking restrictions. HYCM also offers Islamic accounts, catering to the majority Muslim population in Syria. While it is not regulated by a local Syrian authority, its multi-jurisdictional regulation (FCA, CySEC, CIMA, DFSA) provides a layer of security. The minimum deposit of $100 and leverage up to 500:1 make it accessible for retail traders in Syria. Overall, HYCM is a solid choice for Syria traders who prioritize regulation and a wide range of instruments, but they should be aware of the lack of local support and limited payment options.
| Detail | Information |
|---|---|
| Founded | 1977 |
| Headquarters | UK |
| Regulated by | FCA,CySEC,CIMA,DFSA |
| Min Deposit | $100 |
| Max Leverage | 500 |
| Platforms | MT4, MT5 |
| Islamic Account | ✓ Available |
| Copy Trading | ✗ Not available |
| Demo Account | ✓ Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | ✓ Yes |
| ECN/Raw Account | ✓ Yes |
| Islamic (Swap-free) | ✓ Yes |
| Scalping Allowed | ✓ Yes |
| Hedging Allowed | ✓ Yes |
| Expert Advisors (EA) | ✓ Yes |
| Copy Trading | ✗ No |
HYCM offers a genuine Islamic (swap-free) account for Syria Muslim traders who wish to trade in accordance with Sharia law. This account does not charge or pay swap/interest on overnight positions, making it compliant with the prohibition of riba (usury). The Islamic account is available for all account types (Fixed, Floating, ECN) and can be requested after opening a standard account by contacting customer support. There are no hidden fees or restrictions, but some long-term positions may incur a small administration fee after a certain period (e.g., 10 days). Syria traders should confirm this with the broker before opening the account. The application process is straightforward and typically approved within 24 hours.
| Feature | Details |
|---|---|
| Islamic Account Available | ✓ Yes |
| Swap Fees | ✓ No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | ✓ All available | Check broker |
| Gold (XAU/USD) | Spot Gold | ✓ Available | — |
| Silver (XAG/USD) | Spot Silver | ✓ Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | ✓ Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | ✓ Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | ✓ Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | ✓ Available | 0.02% |
| ETF CFDs | SPY, QQQ | ✓ Available | 0.02% |
| Feature | Available | Notes |
|---|---|---|
| Economic Calendar | ✓ Yes | Built into platform, real-time |
| Daily Market Analysis | ✓ Yes | Written + video reports |
| Video Tutorials | ✓ Yes | Beginner to advanced |
| Live Webinars | ✓ Yes | Weekly sessions, recorded |
| Demo Account | ✓ Yes | Unlimited, no expiry |
| Copy Trading | ✗ No | Not available |
| Free VPS | ✓ Yes (active traders) | For EA/automated trading |
| Local Language Support | ✗ No | English only |
| Support Channel | Available | Hours | Rating |
|---|---|---|---|
| Live Chat | ✓ Yes | 24/5 (Mon-Fri) | ★★★★★ Excellent |
| Email Support | ✓ Yes | 24/5 | ★★★★☆ Very Good |
| Phone Support | ✓ Yes | Business hours | ★★★★☆ Good |
| ✗ No | — | Not available | |
| Local Language | ✗ No | — | English only |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| HYCM ★ | $100 | Check broker | ✓ | ✗ | 3.6 |
| Pepperstone | $0 | 0.09 pips | ✓ | ✓ | 4.9 |
| IC Markets | $200 | 0.02 pips | ✓ | ✗ | 4.8 |
| Exness | $10 | 0.10 pips | ✓ | ✗ | 4.8 |
Understanding how HYCM protects your funds is critical before depositing. Here's a complete breakdown of the security measures in place for Syria traders:
| Security Feature | Status | Details |
|---|---|---|
| Segregated Client Funds | ✓ Yes | Client money held in separate bank accounts |
| Negative Balance Protection | ✓ Yes | Losses capped at account balance |
| Top-tier Regulation | ✓ Yes | FCA/ASIC/CySEC licensed |
| Investor Compensation | ✓ Yes | Up to £85,000 (FCA) or €20,000 (CySEC) |
| 2FA Security | ✓ Yes | Two-factor authentication available |
| SSL Encryption | ✓ Yes | All data encrypted in transit |
| Audit & Reporting | ✓ Yes | Regular financial audits required by regulators |
Stay updated with the latest developments from HYCM relevant to Syria traders:
HYCM is a reliable and well-regulated broker that offers a solid trading environment for Syria traders, especially those who prioritize safety and regulatory compliance. The acceptance of USDT deposits and the availability of Islamic accounts make it particularly suitable for Syria's unique financial landscape. However, the lack of a local license and limited customer support hours are notable drawbacks. For experienced Syria traders who are comfortable with international brokers and need a wide range of instruments, HYCM is a good choice. Beginners may find the platform and educational resources adequate but should start with a demo account. Overall, HYCM is recommended for Syria traders seeking a trustworthy broker, but it may not be the best fit for those needing local support or more payment options.