The sale of the Dubai unit came as the duo bought control of the entire CFDs broker brand.
Stavros Lambouris now solely controls CFDs broker brand HYCM after Roger Bach's retirement.
Stavros Lambouris, CEO at HYCM International
Roger Bach and Stavros Lambouris acquired control of the Dubai unit of CFDs broker HYCM in a management buyout at the beginning of 2024 for £1.4 million, which was equal to the company’s net assets at the time of sale, according to the latest Companies House filing of the UK unit of HYCM.
The sale of the Dubai unit came when the management duo gained control of the entire HYCM Group on 1 January 2024. However, Lambouris took complete control of the company following Bach’s retirement in September 2024.
Performance Remains Strong
“The [ownership] changes have no material impact on the Company, with the Business Plan and activities remaining the same,” the filing by HYCM Capital Markets (UK) Limited stated. “The Company and Group had a satisfactory year.”
Indeed, the Financial Conduct Authority-regulated unit generated annual revenue of £951K in 2024, down from the previous year’s £1.07 million. However, it ended the year with a net profit of £1.25 million, compared to the previous year’s £62K—a jump driven by a fair value gain of £972K.
Furthermore, the company managed to increase its total assets to £3.65 million from £2.4 million. It also pointed out that the return on net assets fluctuated due to exchange differences and stood at 34.2 per cent for 2024, compared to 2.6 per cent in the previous year. The increase was attributed to the gain on sale of its Dubai-based subsidiary, HYCM Limited.
HYCM Capital Markets (UK) Limited's income statement
No More Service in Europe
Last year, the Cypriot unit of HYCM voluntarily renounced its licence and ceased to accept clients based in the European Union. Now, the HYCM brand is operated by the UK entity, and HYCM Limited is licensed in Dubai.
“The Board believes that there continues to be an increasing interest in trading CFDs across our main geographies and is confident that HYCM is well placed to continue building on this trend to grow the business in 2025,” the filing stated.
Roger Bach and Stavros Lambouris acquired control of the Dubai unit of CFDs broker HYCM in a management buyout at the beginning of 2024 for £1.4 million, which was equal to the company’s net assets at the time of sale, according to the latest Companies House filing of the UK unit of HYCM.
The sale of the Dubai unit came when the management duo gained control of the entire HYCM Group on 1 January 2024. However, Lambouris took complete control of the company following Bach’s retirement in September 2024.
Performance Remains Strong
“The [ownership] changes have no material impact on the Company, with the Business Plan and activities remaining the same,” the filing by HYCM Capital Markets (UK) Limited stated. “The Company and Group had a satisfactory year.”
Indeed, the Financial Conduct Authority-regulated unit generated annual revenue of £951K in 2024, down from the previous year’s £1.07 million. However, it ended the year with a net profit of £1.25 million, compared to the previous year’s £62K—a jump driven by a fair value gain of £972K.
Furthermore, the company managed to increase its total assets to £3.65 million from £2.4 million. It also pointed out that the return on net assets fluctuated due to exchange differences and stood at 34.2 per cent for 2024, compared to 2.6 per cent in the previous year. The increase was attributed to the gain on sale of its Dubai-based subsidiary, HYCM Limited.
HYCM Capital Markets (UK) Limited's income statement
No More Service in Europe
Last year, the Cypriot unit of HYCM voluntarily renounced its licence and ceased to accept clients based in the European Union. Now, the HYCM brand is operated by the UK entity, and HYCM Limited is licensed in Dubai.
“The Board believes that there continues to be an increasing interest in trading CFDs across our main geographies and is confident that HYCM is well placed to continue building on this trend to grow the business in 2025,” the filing stated.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
Join us for an exclusive interview with Stephen Miles, Chief Revenue Officer at FYNXT, recorded live at FMLS:25. In this conversation, Stephen breaks down how modular brokerage technology is driving growth, retention, and efficiency across the brokerage industry.
Learn how FYNXT's unified yet modular platform is giving brokers a competitive edge—powering faster onboarding, increased trading volumes, and dramatically improved IB performance.
🔑 What You'll Learn in This Video:
- The biggest challenges brokerages face going into 2026
- Why FYNXT’s modular platform is outperforming in-house builds
- How automation is transforming IB channels
- The real ROI: 11x LTV increases and reduced acquisition costs
👉 Don’t forget to like, comment, and subscribe.
#FYNXT #StephenMiles #FMLS2025 #BrokerageTechnology #ModularTech #FintechInterview #DigitalTransformation #FinancialMarkets #CROInterview #FintechInnovation #TradingTechnology #IndependentBrokers #FinanceLeaders
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
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In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
