HYCM — United Arab Emirates
Key facts (8)
- Who actually onboards you
- UAE clients served by locally-licensed Henyep Capital Markets (DIFC) L
- Licence number
- F000048
- Established
- 1977group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5
- Local funding
- Visa/Mastercard, bank wire, Skrill, Neteller; lo
- Max leverage
- 50geo
- EURUSD
- 1.2 pipsgroup
This broker against the United Arab Emirates middle (40 of 76)
| HYCM | United Arab Emirates median | |
|---|---|---|
| Round turn, USD | 5.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 50geo | 500.0geo |
| Withdrawal, h | 1 working day hgroup | 36.0 h |
| EURUSD, standard | 1.2 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 1977group | 2009.0 |
| Platforms | 2 | 3.0 |
Accepts residents of United Arab Emirates
Yes
Score (6/6 axes)
Ranked against brokers measured on every axis
Licence check
Who actually onboards you
UAE clients served by locally-licensed Henyep Capital Markets (DIFC) Ltd; retail also onboarded via offshore HYCM Ltd (C
Offshore entity
Cost against the United Arab Emirates median (40 of 76)
raw+commission
Distributions across the base
Round-turn cost, USD (40 of 76)
Median 7.0 · Range 3.0–14.0 USD
Minimum deposit, USD (18 of 76)
Median 50.0 · Range 0.0–10000.0 USD
Accounts
Fixed, Classic, Raw, VIP; min deposit USD 100.
Withdrawal time and methods
Rating, and how many people left it
4.0 out of 5
Software and market access (2)
MT4 · MT5
FX (~60+ pairs), indices, commodities, shares, crypto CFDs.
The tax side in United Arab Emirates
0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026); individuals keep full trading profit. Corporate tax of 9% applies to business profits above AED 375,000 (since June 2023), but a 'Qualifying Free Zone Person' in DIFC/ADGM/DMCC can qualify for 0% on qualifying income. Traders operating as a business/company
Arguments for, arguments against
Pros (4)
- Round turn 5.0 USD against a United Arab Emirates median of 7.0
- Licensed locally: F000048
- Swap-free account available
- Withdrawal published at 1 working day h
Cons (1)
- Minimum deposit for this country not published
Other brokers that onboard United Arab Emirates residents (6)
Where it does not serve
Afghanistan, Belgium, Hong Kong, United States
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (2)
Checked: 2026-07-09
- hycm.com domain
- dfsa.ae/public-register page
FAQ (5)
Does HYCM accept residents of United Arab Emirates?
Yes.
Which entity onboards a United Arab Emirates client of HYCM?
UAE clients served by locally-licensed Henyep Capital Markets (DIFC) Ltd; retail also onboarded via offshore HYCM Ltd (Cayman).
What licence does HYCM hold for United Arab Emirates?
Licence F000048.
What does one EURUSD lot cost at HYCM?
5.0 USD per round turn against a United Arab Emirates median of 7.0 USD, measured on 40 of 76 brokers.
How long does a withdrawal from HYCM take?
1 working day hours as published. The broker processes all withdrawal requests within one working day