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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

HYCM (Henyep Capital Markets) stands out for clear, competitive pricing. Its Raw account delivers an all-in cost around 0.6 pips on EUR/USD (after commission). The Classic account uses variable spreads starting from 1.2 pips, while the fixed-spread account is set at 1.5 pips. For commissions and fees, HYCM is rated 4.5 stars and ranked #16 out of 63 brokers by ForexBrokers.com.

Alpari does not provide average spread data, which makes direct cost comparisons harder. Even so, Alpari holds a 4-star rating for commissions and fees and is ranked #42 out of 63 brokers by ForexBrokers.com. Based on the available figures, HYCM’s disclosed spreads and low all-in cost on EUR/USD suggest better transparency and potentially lower trading costs than Alpari.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Minimum Deposit info $20 $20
Average spread (EUR/USD) - Standard account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) vs Alpari: both support forex trading as CFDs or spot and both offer crypto CFDs (neither lets you buy actual crypto). HYCM delivers a much wider selection with 1,199 tradeable instruments and 70 forex pairs, compared with Alpari’s 105 instruments and 46 pairs. For stocks, HYCM offers exchange-traded shares on both U.S. and international exchanges, while Alpari offers exchange-traded shares only on international exchanges (no U.S. share dealing).

Feature-wise, Alpari adds copy trading, which HYCM does not provide. For Range of Investments, HYCM earns 4 stars and is ranked 34th by ForexBrokers.com, while Alpari holds 3 stars and is ranked 64th. In short, choose HYCM if you want a wider market selection and access to U.S. shares; pick Alpari if copy trading matters and a leaner product list suits your 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. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 make it easy to get started with a free paper trading demo account. Each broker offers its own proprietary platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus access through web browsers and Windows desktop downloads. Both also support trading directly from charts. One key difference: Alpari offers copy trading, while HYCM does not.

For trading platforms and tools, both brokers are rated 4 out of 5 stars by ForexBrokers.com. However, HYCM is ranked #41 out of 63 brokers in this category, while Alpari is ranked #56. If copy trading matters to you, Alpari could be a better fit; if not, consider trying each broker’s demo to see which platform experience you prefer.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

HYCM (Henyep Capital Markets) and Alpari both offer mobile trading apps for iPhone and Android, and each supports forex price alerts. One limitation to note is watchlist syncing: neither broker syncs mobile watchlists with your online account, so edits you make on your phone won’t reflect on the web platform.

Charting tools are comparable, with 30 technical studies available in both apps and the ability to draw trendlines. HYCM adds convenience by auto save drawings on charts, while Alpari does not. Although both earned 4 out of 5 stars for Mobile Trading Apps, ForexBrokers.com ranks HYCM higher (#38 of 63) than Alpari (#57 of 63), which may sway traders who value smoother mobile charting and organization.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at HYCM (Henyep Capital Markets) and Alpari: HYCM provides daily market commentary and access to Trading Central tools for technical and fundamental insights. Alpari does not publish daily market commentary, but it does include Autochartist tools for pattern recognition and trade ideas. Both brokers deliver forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and each offers an economic calendar. Neither broker provides a sentiment tool showing long/short ratios. HYCM does not include TipRanks or Acuity Trading tools; availability of TipRanks and Acuity at Alpari is not specified.

Overall, HYCM earns 3.5 out of 5 stars for Research and ranks 36th out of 63 brokers on ForexBrokers.com, while Alpari scores 3 stars and ranks 58th. If you want daily commentary and Trading Central, HYCM stands out; if you prefer Autochartist for trade ideas, Alpari may appeal.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
Client sentiment data info No No
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

HYCM (Henyep Capital Markets) and Alpari both cater to beginners with a solid library of video lessons, each offering at least ten beginner-focused videos that cover the basics of forex and CFD trading. Neither broker runs monthly educational webinars, so traders who prefer live, interactive lessons may need to look elsewhere or rely on on-demand content.

For education quality, HYCM holds a slight edge: it’s rated 3.5 out of 5 stars and ranks 32nd out of 63 brokers on ForexBrokers.com, while Alpari is rated 3 out of 5 stars and ranks 48th. Both brokers lack a deep catalog of advanced videos for experienced traders. If you’re just starting out and want structured beginner videos, both are suitable, with HYCM offering a modest advantage in overall educational standing.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Alpari logoAlpari
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No

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 #58.

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 online brokers HYCM (Henyep Capital Markets) and Alpari do not support buying actual delivered cryptocurrencies, but they do offer trading in cryptocurrency CFDs.

What funding options does each broker offer?

Online broker HYCM (Henyep Capital Markets) supports deposits and withdrawals via Skrill and bank wire but not ACH/SEPA or PayPal, while Alpari likewise does not support ACH/SEPA and its availability of PayPal, Skrill, Visa/Mastercard cards, and bank wire transfers is not specified.

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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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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
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
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
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
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
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. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Inactivity Fee info No No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) Alpari
Minimum Deposit info $20 $20
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) Alpari
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) Alpari
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
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 Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) Alpari
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
TipRanks info No
Client sentiment data info No No
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) Alpari
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) Alpari
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
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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