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HYCM (Henyep Capital Markets) vs Alpari 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of HYCM (Henyep Capital Markets) vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
Alpari
3.5/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 68
  • Tradeable Symbols (Total): 105

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

HYCM (Henyep Capital Markets), founded in 1977, offers a reliable choice for online trading, backed by a strong regulatory standing. It is not publicly traded nor a bank, but it holds two highly regarded Tier-1 licenses and an additional Tier-2 license, reflecting its credibility in the financial market. With a Trust Score of 86 from ForexBrokers.com, HYCM is categorized as a trusted broker, which provides a sense of security to traders seeking a well-regulated trading environment.

Established in 1998, Alpari presents a different regulatory profile. Like HYCM, it is neither publicly traded nor a bank, yet its regulatory credentials fall short in comparison. Alpari holds no Tier-1 or Tier-2 licenses and carries a Trust Score of 68, placing it in the high-risk category according to ForexBrokers.com. Prospective clients should consider these factors when choosing between these two online brokers, especially in terms of regulatory assurance and trustworthiness.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Year Founded info 1977 1998
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 0
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing the commissions and fees of HYCM (Henyep Capital Markets) and Alpari, there are some notable differences to consider. HYCM offers a competitive pricing structure, particularly with their Raw account, which features an all-in cost of approximately 0.6 pips for the EUR/USD pair after commission. For traders who prefer a different structure, HYCM also provides a Classic account with a variable spread starting at 1.2 pips, as well as a fixed-spread account with a spread of 1.5 pips. This flexibility contributes to HYCM's attractive rating of 4.5 stars for commissions and fees.

On the other hand, Alpari's commission and fee structure is less transparent due to the absence of average spread data. While Alpari is a reputable broker, its rating for commissions and fees is slightly lower at 4 stars. This difference highlights the importance of understanding specific account offerings and spread structures when evaluating trading options.

In terms of industry rankings, HYCM stands out with a strong #15 position out of 63 brokers in the Commissions and Fees category, as assessed by ForexBrokers.com. Meanwhile, Alpari holds the #41 spot in the same category. These rankings demonstrate the relative competitiveness and appeal of HYCM's fee structure compared to that of Alpari. This information can be crucial for traders making an informed choice based on cost and value.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Minimum Deposit info $20 $20
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) and Alpari both provide opportunities for forex trading, allowing clients to engage in trading through CFDs and spot contracts. However, when it comes to the variety of tradeable symbols, HYCM stands out with 1,199 options compared to Alpari's 105. Forex enthusiasts will discover that HYCM also boasts a larger selection of forex pairs, offering 70 pairs against Alpari's 46. While both brokers facilitate the trading of cryptocurrency derivatives, neither supports the purchase of actual cryptocurrencies. In addition to these offerings, HYCM provides access to U.S. exchange-traded securities, allowing investors to buy shares of companies like Apple, a feature Alpari lacks. However, Alpari does provide an edge with copy trading, a service not available with HYCM.

International exchange securities are accessible with both HYCM and Alpari, enabling clients to invest in global companies. Despite these commonalities, HYCM received a higher evaluation for its range of investments, earning a 4-star rating versus Alpari's 3 stars. In a ranking among 63 brokers, HYCM places 33rd, significantly ahead of Alpari, which sits at 63rd. Whether you prioritize a broader array of investment options or specific trading features, understanding these differences can aid in selecting the right broker for your investment needs.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 105
Forex Pairs (Total) info 70 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

HYCM (Henyep Capital Markets) and Alpari both provide traders with a wide range of trading platform options. For those new to trading, both brokers offer a free virtual demo account, allowing users to practice their strategies without financial risk. Each company has developed its proprietary platform and supports Windows-based desktop downloads and web-based platforms. Additionally, both offer popular trading tools like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), although HYCM does not provide copy trading services like Alpari does. Neither offers DupliTrade or ZuluTrade. When it comes to charting, both brokers supply a substantial number of drawing tools and enable trading directly from stock charts, providing an edge to chart enthusiasts.

HYCM and Alpari feature watch lists that allow traders to organize their view with up to seven columns. Despite these similarities, they differ in their rankings by ForexBrokers.com, with HYCM placed at 40th and Alpari at 55th out of 63 brokers in the Trading Platforms and Tools category. Both brokers boast a 4-star rating for their platforms and tools. This evaluation reflects the quality of their offerings, which cater to an array of trading preferences and technical needs. Traders can find comprehensive support through the platforms offered by both HYCM and Alpari, along with essential tools for effective market analysis.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of HYCM (Henyep Capital Markets) and Alpari, both brokers offer comprehensive applications for iPhone and Android users. Each app supports stock and forex price alerts, 30 technical studies for charting, and tools to draw trendlines, making them suitable for traders who rely on mobile trading. Users can view various time frames, from daily to intraday, on stock or forex charts. Additionally, both apps allow users to create watchlists with real-time quotes, although neither supports syncing watchlists across devices.

Despite these similarities, some differences are noteworthy. HYCM's app has the advantage of auto-saving drawings on charts, a feature Alpari's app lacks. Moreover, while both apps have garnered a four-star rating, HYCM ranks higher at #37 on ForexBrokers.com, compared to Alpari's #56. These distinctions might make HYCM a more appealing choice for traders who prioritize seamless chart functionalities and higher overall ranking for mobile trading.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, HYCM (Henyep Capital Markets) stands out by offering daily market commentary, giving users fresh insights every day. Alpari does not provide daily market commentary, which might leave some traders wanting. Both brokers supply forex news from top-tier sources like Bloomberg and Reuters, ensuring that their users are informed with reliable information. While Alpari integrates technical analysis tools from Autochartist, HYCM partners with Trading Central, providing features like Technical Analytics that may suit traders looking for diverse analytical tools.

In terms of additional resources, neither broker offers sentiment-based trading tools, nor do they incorporate market research from TipRanks or Acuity Trading. However, both HYCM and Alpari provide an economic calendar for tracking global events. With HYCM earning a rating of 3.5 stars for research compared to Alpari's 3 stars, it is evident that HYCM is slightly more favored, ranked 35th by ForexBrokers.com, whereas Alpari comes in at 57th out of 63 brokers. This suggests that HYCM may offer a more comprehensive research experience for traders seeking detailed market scrutiny.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info No No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, HYCM and Alpari both provide a variety of learning materials to help new traders get started. Both brokers offer more than ten educational pieces, including articles and videos, that focus on trading forex and contracts for difference (CFDs). Each broker ensures that newcomers have access to beginner-focused video content, meeting the standard of at least ten video tutorials. Both HYCM and Alpari also include an investor dictionary that explains over 50 investing terms, which is a valuable asset for anyone new to trading jargon.

While neither HYCM nor Alpari offers monthly live webinars for clients, there is a notable difference in their recorded content. HYCM provides a searchable archive of past webinars, giving users access to previously shared insights, whereas Alpari lacks this feature. Despite these differences, neither broker offers specialized video content aimed at experienced traders. When evaluated for education quality, HYCM edges ahead with a rating of 3.5 stars and a rank of 32 out of 63 brokers, compared to Alpari's 3-star rating and rank of 48.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than Alpari. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Alpari finished with an overall rank of #57.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 86 68
Range of Investments 4/5 Stars 3/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or Alpari?

Both HYCM (Henyep Capital Markets) and Alpari do not provide the option to purchase actual cryptocurrencies, but they both offer the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

Both HYCM and Alpari provide Skrill, Visa or Mastercard, and bank wire options for deposits and withdrawals, but neither offers ACH, SEPA, or PayPal transfers.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Compare

0 of 5
Overall Rating HYCM (Henyep Capital Markets) Alpari
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 68
Winner check_circle
Review HYCM (Henyep Capital Markets) Review
Broker Screenshots HYCM (Henyep Capital Markets) Alpari
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation HYCM (Henyep Capital Markets) Alpari
Trust Score info 86 68
Year Founded info 1977 1998
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-1 Licenses info 2 0
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) Alpari
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Alpari
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments HYCM (Henyep Capital Markets) Alpari
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 105
Forex Pairs (Total) info 70 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost HYCM (Henyep Capital Markets) Alpari
Average Spread EUR/USD - Standard info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) Alpari
Minimum Deposit info $20 $20
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms HYCM (Henyep Capital Markets) Alpari
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools HYCM (Henyep Capital Markets) Alpari
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) Alpari
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) Alpari
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) Alpari
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs HYCM (Henyep Capital Markets) Alpari
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review HYCM (Henyep Capital Markets) Review
Overall HYCM (Henyep Capital Markets) Alpari
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 68
Winner check_circle
Review HYCM (Henyep Capital Markets) Review
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