Is HYCM regulated?
Our HYCM evidence log contains 3 regulatory records, with 2 of its 3 findings confirmed against regulator-authored sources (last read 2026-09-30). Records can include historical corrections and limited-scope authorisations; they are not a count of current trading licences. That includes tier-1 oversight from FCA. The FCA register confirms HYCM Capital Markets (UK) Limited (186171). The DFSA register lists HYCM Limited (F000048) for arranging deals, including with retail clients; it is not listed there as the trading counterparty. HYCM Financial Services L.L.C.'s CMA claim (20200000473) awaits a complete register read and concerns arrangement/advice. The international customer agreement is with HYCM Capital Markets S.R.L. in Costa Rica. Its company registration is not a brokerage licence, and we have not verified a brokerage authorisation for that company. DFSA: Arranging deals, including with retail clients; the register does not list dealing as principal or agent, so this is not treated as the trading account provider. CMA (UAE): Broker-disclosed Category 5 arrangement/advice only; it cannot hold client assets or money and is not treated as the trading account provider.
Last updated September 2026·Licence statuses reflect our most recent read of each register; regulators update registers daily — verify current terms with the broker before you deposit.·How we score
Licence records and findings from the registers
Verified means we read the stated finding in a regulator-authored source. Where no number is published, only the entity is confirmed. Historical records do not establish current authorisation.
| Legal entity | Regulator | Licence | Our check | Register |
|---|---|---|---|---|
| HYCM CAPITAL MARKETS (UK) LIMITED | FCA United Kingdom · Tier 1 | 186171 | Verified on register checked 2026-09-30 | Source |
| HYCM Limited | DFSA Dubai (DIFC) · Tier 2 | F000048 | Verified on register checked 2026-09-30 | Source |
| HYCM Financial Services L.L.C. | CMA (UAE) United Arab Emirates · Tier 2 | 20200000473 | Pending — verify checked 2026-09-30 | Source |
Notes from our checks
- FCA 186171: Manually read the FCA firm page and expanded permissions: Authorised since 1 December 2001, FRN 186171, company 02878581, official website www.hycm.co.uk. Dealing in investments as principal includes Retail (Investment), contracts for differences and rolling spot forex. Permission is entity-specific and does not confirm onboarding through Clarytrade's international referral link.
- DFSA F000048: Read first-hand on the DFSA register: current name HYCM Limited, trading name HYCM, reference F000048. Listed service is Arranging Deals in Investments (futures, shares, units), with a retail-client endorsement. No principal/agent dealing service is listed in this read. The old name in the URL and broker marketing is not the current register name; do not treat this as a retail trading-account issuer.
- CMA (UAE) 20200000473: HYCM's help-centre legal disclosure claims this number and Category 5 arrangement/advice, with no authority to hold client assets or money. The official CMA autocomplete returned HYCM FINANCIAL SERVICES L.L.C, but the company detail and number did not load after search. A name suggestion alone is insufficient verification; licence remains broker-disclosed.
Which HYCM entity would onboard you?
The brand is not the counterparty. The legal entity on your client agreement sets your regulator, compensation cover, leverage cap and terms.
| Legal entity | Regulator | Typically onboards | Compensation | Leverage |
|---|---|---|---|---|
| HYCM Capital Markets (UK) Limited United Kingdom | FCA (Tier 1) | GB | Check UK FSCS eligibility for your client category and claim; it does not cover trading losses or accounts with other HYCM companies | UK retail CFD leverage cannot exceed 30:1; lower limits apply to other underlying assets. |
| HYCM Limited Dubai (DIFC) | DFSA (Tier 2) | Arranging deals, including with retail clients; the register does not list dealing as principal or agent, so this is not treated as the trading account provider | Not applicable — no retail trading account | Not applicable — no retail trading account |
| HYCM Financial Services L.L.C. United Arab Emirates | CMA (UAE) (Tier 2) | Broker-disclosed Category 5 arrangement/advice only; it cannot hold client assets or money and is not treated as the trading account provider | Not applicable — no retail trading account | Not applicable — no retail trading account |
| HYCM Capital Markets S.R.L. Costa Rica | Brokerage authorisation not verified (Offshore) | Verify at signup | No compensation scheme verified for this entity | International forex page advertises up to 500:1; instrument and account limits vary. |
Resolve the likely entity for your country with the entity checker, then confirm the entity named on your client agreement before you deposit.
What the licences actually give you
Three protections worth checking by name. Any of them can be missing even when a broker is licensed somewhere.
| Compensation scheme | Entity-specific; no compensation scheme verified for the Costa Rica operator |
| Segregated client fundsSegregated fundsClient money held in bank accounts kept separate from the broker's own funds, so it isn't used to run the business and is easier to return if the firm fails. | HYCM says capital not allocated to margin is segregated from operating funds. Check the exact entity's client-money terms. |
| Negative-balance protectionNegative-balance protectionA safeguard that stops your account going below zero, so you can't end up owing the broker more than you deposited. Mandatory for retail clients in some regions. | The international contract includes negative-balance protection and permits offsets across your accounts; this is not UK/EU regulatory coverage. |
| UK entity (retail) | 30:1 |
| International / offshore entity | 500:1 |
Verify these licences in five minutes
Never take a licence claim from a broker page, or from us, without reading the register.
- 1. Note the exact legal entity and licence number from the table above, or from the client agreement you would sign.
- 2.Open the regulator's own register from the links below, never from a link the broker hands you, and search that number.
- 3. Match the entity name and number exactly, check the status is active or authorised, and look for a clone-firm warning naming the brand.
HYCM regulation: common questions
Is HYCM regulated?
Our HYCM evidence log contains 3 regulatory records, with 2 of its 3 findings confirmed against regulator-authored sources (last read 2026-09-30). Records can include historical corrections and limited-scope authorisations; they are not a count of current trading licences. That includes tier-1 oversight from FCA. The FCA register confirms HYCM Capital Markets (UK) Limited (186171). The DFSA register lists HYCM Limited (F000048) for arranging deals, including with retail clients; it is not listed there as the trading counterparty. HYCM Financial Services L.L.C.'s CMA claim (20200000473) awaits a complete register read and concerns arrangement/advice. The international customer agreement is with HYCM Capital Markets S.R.L. in Costa Rica. Its company registration is not a brokerage licence, and we have not verified a brokerage authorisation for that company. DFSA: Arranging deals, including with retail clients; the register does not list dealing as principal or agent, so this is not treated as the trading account provider. CMA (UAE): Broker-disclosed Category 5 arrangement/advice only; it cannot hold client assets or money and is not treated as the trading account provider.
Is HYCM regulated by the FCA?
Yes. HYCM CAPITAL MARKETS (UK) LIMITED holds FCA reference 186171. Our check: verified on the register, last read 2026-09-30. Only clients onboarded by that UK entity get FCA protections such as FSCS cover; other HYCM entities do not carry them.
Is HYCM regulated by DFSA?
HYCM Limited is recorded with DFSA licence F000048 (Dubai (DIFC), tier-2). Our check: verified on the register, last read 2026-09-30. Arranging deals, including with retail clients; the register does not list dealing as principal or agent, so this is not treated as the trading account provider.
Is HYCM regulated by CMA (UAE)?
HYCM Financial Services L.L.C. is recorded with CMA (UAE) licence 20200000473 (United Arab Emirates, tier-2). Our check: pending a register read, last read 2026-09-30. Broker-disclosed Category 5 arrangement/advice only; it cannot hold client assets or money and is not treated as the trading account provider.
Which HYCM entity would I be onboarded by?
Our map lists 4 HYCM legal entities (United Kingdom, Dubai (DIFC), United Arab Emirates and Costa Rica). A listing does not establish retail account availability: consultation or introduction entities and institutional-only firms are not retail trading-account routes. Which company applies depends on your country and client agreement. Use the entity checker for the likely match, then confirm it before depositing.
Does HYCM have investor compensation?
Entity-specific; no compensation scheme verified for the Costa Rica operator. Compensation schemes pay out only if the firm itself fails and cannot return client money; they never cover trading losses, and they apply only to clients of the specific licensed entity, not to every HYCM client worldwide.
Has the FCA published a warning naming HYCM?
Not in the warnings we hold (FCA clone-firm and unauthorised-firm warnings from mid-2026 onwards, refreshed weekly). Absence is not clearance: search the FCA warning list for the brand and any name a caller gives you.
Has HYCM been fined or warned by a regulator?
We hold no sourced regulator action for HYCM as of 2026-09-30. Absence from our log is not a clean bill: check the enforcement and warning pages of each regulator named above before depositing.
Next step
The full research file on HYCM covers real costs and withdrawal friction alongside this regulation evidence, or compare it with alternatives available in your country.
Related
Informational research only, not financial advice. Regulatory status changes; verify directly on the official registers before depositing. Being licensed is not the same as being suitable for you, and no licence protects against trading losses.