HYCM Seals European Presence With CySEC Regulation
March 30 2017 - 4:51AM
Business Wire
The FCA broker has announced that its Cyprus-based entity is
CySEC certified and has introduced new branding as part of its
transition into new markets.
HYCM, an FCA-regulated global leader in online capital markets
trading, has confirmed that its Cyprus-based entity HYCM Europe is
licenced and regulated by the Cyprus Securities and Exchange
Commission (CySEC). The status is now reflected on the company
website.
CySEC is Cyprus’s financial regulator which provides a framework
within which the country’s financial services companies are obliged
to operate. As a CySEC regulated broker, HYCM must adhere to the
strictest financial standards, including capital adequacy
requirements, segregation of client funds and transparency of
business operations.
An international broker with a strong presence in key markets in
Asia, Middle East and the United Kingdom, HYCM is now set to expand
its footprint in the European Union, providing traders with the
opportunity to benefit from competitive pricing, high execution
speed, high levels of financial security and its renowned customer
support.
Commenting on the CySEC licence, Stavros Lambouris, CEO, HYCM
Europe said, “The CySEC authorisation marks a milestone in our
history as part of our plans to expand our global operations. We
now have a gateway to the European market, affirming our commitment
to our European clients whilst rubber-stamping the company’s
position as a global leader”.
HYCM is part of the Henyep Capital Markets Group, an
international conglomerate which recently rebranded its UAE
operations within the DIFC to unify its offices worldwide and to
reflect the broad range of capital markets products on offer to its
retail clients. DFSA-regulated Henyep Investment Bank Limited
became known as Henyep Capital Markets (DIFC) Ltd as part of its
plans for growth in the region, particularly within the UAE.
The latest move means that European clients can now experience
HYCM’s full product offering including forex, commodities and
equities as well as positioning the 40 year old Group on a renewed
growth path as it seeks to extend its global footprint.
HYCM has also announced the introduction of a new logo to
reflect these developments which will replace the existing one and
will appear on the Group’s website as well as all its advertising
and promotional materials from April 2017.
HYCM
Notes to editors:
HYCM is a leading provider of online FX and CFD trading services
to retail and institutional investors. With a 40 year operational
history and a strong focus on client satisfaction and technological
advancement, HYCM has become the online broker of choice for
investors across the globe, providing access to a range of asset
classes including currencies, commodities, metals, shares and
indices.
HYCM offers clients a complete trading solution together with
all the trading tools and analysis needed to make informed trading
decisions. Backed by its state-of-the-art trading platforms,
including the industry leading MetaTrader 4 and mobile app enabling
clients to trade while on the go, HYCM has secured a strong
industry reputation for delivering a trading experience that is
second to none.
HYCM is part of the Henyep Capital Markets Group, an
international conglomerate with businesses in financial services,
property, education and charity and is regulated by the Financial
Conduct Authority of the UK (FCA reference number 186171 and the
Cyprus Securities and Exchange Commission (CySEC licence number
259/14).
The company is represented globally with offices in United
Kingdom, Hong Kong, Cyprus and Dubai.
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HYCMRosemary BarnesEmail:
rosemary.barnes@hycm.comTelephone: +357 25 24 5750www.hycm.com