Henyep UK Changes Company Name to HYCM

On January 19, Henyep, a global CFD and forex broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term, announced that it has changed the name of its London-based regulated entity from Henyep Capital Markets (UK) Limited to HYCM Capital Markets (UK) Limited.Henyep Group highlighted that the change reflects other similar changes the company made in other regions where it has regulated subsidiaries. For instance, the licensed subsidiaries of the Henyep Group in Cyprus as HYCM (Europe) Ltd while in Cayman Islands as HYCM Ltd.

Since 2016, Henyep has been using the “HYCM” brand as its main retail moniker, with the ‘Henyep Group’ kept for the parent company in Hong Kong. HYCM is part of the Henyep Group, a global conglomerate with a diversified portfolio, chaired by Mr Chiu Sheen Charm, a Hong Kong-based businessman. In 2015, Henyep acquired a CySEC-licensed company called FTSL Financial Trading Solutions Ltd, and in 2016 it renamed it to HYCM (Europe) Limited.

HYCM is regulated by four of the world's leading financial jurisdictions. Henyep Capital Markets (UK) Limited is regulated by the UK's FCA. Henyep Capital Markets (DIFC) Limited is regulated by the Dubai Financial Services Authority (DFSA). While HYCM (Europe) Ltd is authorized and regulated by the CySEC (Cyprus Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission), HYCM Ltd is regulated by the Cayman Islands Monetary Authority (CIMA).

Henyep Focuses on Creating Strong Brand Position in Its Market

The announcement by Henyep comes at a time when the Group is striving to maintain its 45 years of offering excellence. With its strong HYCM brand, the company continues to enhance its commitment to provide retail and institutional investors with quality access to the world’s capital markets. The name change builds on the robust strong market position of the company’s traditional Introducing Broker and Whitelabel partner business. HYCM provides CFD trading in indices, equities, commodities and forex. In February 2020, the firm expanded its CFD offering to include exchange-traded funds (ETFs).