HYCM

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This article was considered for deletion at Wikipedia on September 4 2017. This is a backup of Wikipedia:HYCM. All of its AfDs can be found at Wikipedia:Special:PrefixIndex/Wikipedia:Articles_for_deletion/HYCM, the first at Wikipedia:Wikipedia:Articles_for_deletion/HYCM. Purge

company

Henyep Capital Markets (HYCM) is a provider of online Forex and CFD trading services for retail and institutional investors to trade forex, metals, energy products, commodities, indices and stocks via its trading platform[1]

The company is an internationally recognized trading company with operations in more than 20 different countries.[2] HYCM is headquartered in London and has offices in Cyprus and Dubai. It is a part of the Henyep Group, a global corporation which encompasses businesses in the Capital Markets, Financial Services, Direct Investment, Property, Education and Charity, serving the elderly, disabled, sick and needy.[3] HYCM's owner donated 1.1 million HKD (ca. 140,000 USD) through his Sheen Hok charitable foundation[4] to support the first Asian Bone of the IOF 206 Bone Fund.[5] The book, Women at the Top: Powerful Leaders Tell Us How to Combine Work and Family, writes about Henyep Development Holdings LTD, Sheen Hok Charity and its director, Alice Chiu, who has been honored with the "Knight in the Leopold II Order" by the Belgian government.[6][7]

HYCM Office Reception desk , Limassol Cyprus Noble Centre building

Expansion

In 2013, HYCM opened a new office in Kuwait, and in 2015, the Henyep Group became regulated by CySEC after the acquisition of a CySEC-regulated investment firm and was subsequently renamed HYCM Europe.[8]

In 2016, the Henyep Group launched HYCM.com,[9] including Bitcoin,[10] Ethereum and Litecoin (cryptocurrency) trading in 2017.[11][12]

Regulation

Henyep Capital Markets (UK) is regulated by the FCA (company reference number 186171) to deal as a Principal in investments.[13]

The company’s European operations, HYCM (Europe) is regulated by the CySEC (licence number 259/14)[14][15] and is authorised to operate as a Cypriot Investment Firm (CIF) to provide investment services.

Under the auspices of both jurisdictions, HYCM is permitted to deal in Contracts for Difference (CFDs), Rights to Interests in Investments, Rolling Spot Forex and Contracts, for professional and retail clients.

HYCM (DIFC) is incorporated in the United Arab Emirates and regulated by the Dubai Financial Services Authority (DFSA).[16]

Affiliate Program

Awards

  • Best Forex Broker, Dubai[17]
  • Best Forex Broker, Europe[18]
  • Best Mobile Trading Platform[19]

References

  1. "HYCM Review | Forex Crunch" (in en-US). Forex Crunch. 2016-10-31. https://www.forexcrunch.com/hycm-review/. 
  2. ForexFraud.com. "Henyep Capital Markets Review| All you need to know prior to trading with Henyep Capital Markets (HYCM)" (in en). https://www.forexfraud.com/forex-broker-reviews/hymarkets-review.html. 
  3. "e-Forex Magazine | Henyep Capital Markets: Focused on delivering best-of-breed online trading services". http://www.e-forex.net/articles/apr-2011-henyep-capital-markets-focused-on-delivering-bestofbreed-online-trading-services.html. 
  4. "Founders | Sheen Hok Charitable Foundation" (in en). http://www.sheenhokcharity.org/en/founders_en. 
  5. "Sheen Hok Charitable Foundation donation to IOF | International Osteoporosis Foundation". https://www.iofbonehealth.org/sheen-hok-charitable-foundation-donation-iof. 
  6. Halpern, Diane F.; Cheung, Fanny M. (2011-09-07) (in en). Women at the Top: Powerful Leaders Tell Us How to Combine Work and Family. John Wiley & Sons. pp. chapter 8. ISBN 9781444356670. https://books.google.hu/books?id=MUXinCwvZaoC&pg=PT176&lpg=PT176&dq=Sheen+Hok&source=bl&ots=fdwzy5WWii&sig=nmyj-uHgnMCoXQMEfJVb2r_mBCI&hl=en&sa=X&ved=0ahUKEwj8h_6q3ZzWAhXD0RoKHdaKDGc4ChDoAQhEMAg#v=onepage&q=Sheen%20Hok%20Alice%20Chiu&f=false. 
  7. Cheung, Fanny (in en). Appendix: Biography of the Women Leaders. http://www.academia.edu/28066728/Appendix_Biography_of_the_Women_Leaders. 
  8. "Retail Forex broker HYCM sees revenues flat in 2016 at £3.1 million, activates Cyprus office" (in en-US). LeapRate. 2017-05-08. https://www.leaprate.com/forex/brokers/retail-forex-broker-hycm-sees-revenues-flat-2016-3-1-million-activates-cyprus-office/. "Henyep acquired a CySEC-licensed company called FTSL Financial Trading Solutions Ltd in 2014, renaming it HYCM (Europe) Limited." 
  9. "Exclusive: HY Markets Rebrands as HYCM, to Launch New Website | Finance Magnates" (in en-US). Finance Magnates | Financial and business news. 2016-07-17. http://www.financemagnates.com/forex/brokers/henyep-capital-markets-rebrands-as-hycm-to-launch-new-website/. 
  10. "HYCM Offers Bitcoin-USD Pairing Amidst Greater Cryptocurrency Integration into Mainstream Financial Industries" (in en-US). Bitcoin News. 2017-06-19. https://news.bitcoin.com/hycm-offers-bitcoin-usd-pairing/. 
  11. "HYCM Expands Its Cryptocurrency Offering with Ethereum and Litecoin CFD Trading" (in en). http://www.businesswire.com/news/home/20170828005419/en/HYCM-Expands-Cryptocurrency-Offering-Ethereum-Litecoin-CFD. 
  12. "HYCM Adds Ethereum and Litecoin to its Cryptocurrency Offering | Finance Magnates" (in en-US). Finance Magnates | Financial and business news. 2017-08-28. http://www.financemagnates.com/cryptocurrency/trading/hycm-adds-ethereum-litecoin-cryptocurrency-offering/. 
  13. "Financial Conduct Authority". https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfHH0AAN. 
  14. "Exclusive: HYCM Secures CySEC License, Augmenting European Footprint | Finance Magnates" (in en-US). Finance Magnates | Financial and business news. 2017-03-27. http://www.financemagnates.com/forex/brokers/exclusive-hycm-secures-cysec-license-augmenting-european-footprint/. 
  15. "HYCM Seals European Presence With CySEC Regulation" (in en). http://www.businesswire.com/news/home/20170330005484/en/. 
  16. "Henyep Group rebrands Dubai division to Henyep Capital Markets (DIFC) Ltd" (in en-US). LeapRate. 2016-02-22. https://www.leaprate.com/news/henyep-group-rebrands-dubai-division-to-henyep-capital-markets-difc-ltd/. 
  17. "AWARD WINNERS 2017 | Global Brands Magazine" (in en-US). http://www.globalbrandsmagazine.com/award-winners-2017/. 
  18. Solutions., The Top Forex Brokers. "HYCM Awarded Best Forex Broker Europe 2017 by FXDailyInfo". http://www.fxdailyinfo.com/?id=2199&p=details&page=news&title=HYCM-Awarded-Best-Forex-Broker-Europe-2017-by-FXDailyInfo. 
  19. "Forex Awards 2017 | World Finance" (in en-US). https://www.worldfinance.com/awards/forex-awards-2017-2.