Written by ForexBrokers.com
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.
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.
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)
|
Alpari
|
|---|---|---|
| Year Founded | 1977 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
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)
|
Alpari
|
|---|---|---|
| Minimum Deposit | $20 | $20 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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)
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 105 |
| Forex Pairs (Total) | 70 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
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)
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
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)
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
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)
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
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)
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
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)
|
Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 68 |
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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.
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.
Please 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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0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | Alpari | |
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| Trust Score | 86 | 68 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Alpari | |
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| Regulation | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Trust Score | 86 | 68 | |
| Year Founded | 1977 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 105 | |
| Forex Pairs (Total) | 70 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Minimum Deposit | $20 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review |
| Overall | HYCM (Henyep Capital Markets) | Alpari | |
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| Trust Score | 86 | 68 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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