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 |
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)
|
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.
Comparing HYCM (Henyep Capital Markets) vs. Alpari for range of investments, HYCM offers a far wider lineup: 1,199 tradeable symbols and 70 forex pairs, versus Alpari’s 105 symbols and 46 pairs. Both brokers support forex trading via CFDs and/or spot contracts. HYCM also lets you buy exchange-traded shares directly on U.S. and international exchanges (think Apple on Nasdaq and Vodafone in London), while Alpari offers exchange-traded shares on international markets only, not the U.S.
For crypto, neither sells actual coins, but both provide crypto derivatives. Alpari supports copy trading; HYCM does not. According to ForexBrokers.com’s Range of Investments scores, HYCM earns 4 out of 5 stars and ranks 34th, while Alpari earns 3 out of 5 stars and ranks 64th.
| 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 cover the basics well for trading platforms and tools. Each offers a free demo account, a proprietary platform, Windows desktop and web-based platforms, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade directly from charts with both brokers, use 15 drawing tools, and set up watch lists with 7 columns. Neither broker connects to DupliTrade or ZuluTrade. A key difference: Alpari offers copy trading, while HYCM does not.
Both brokers earn 4 out of 5 stars for Trading Platforms and Tools. However, HYCM ranks higher in this category at #41 out of 63 brokers, compared with Alpari at #56, according to ForexBrokers.com. If you want copy trading, Alpari has the edge; if ranking matters more, HYCM comes out ahead. Indicator availability can vary by platform choice (MT4, MT5, or the proprietary options).
| 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.
Both HYCM (Henyep Capital Markets) and Alpari offer mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, and charting with 30 technical studies, trendline drawing, and multiple time frames (intraday to weekly). Neither broker syncs watchlist symbols between the mobile app and the online account, which means changes made on one device won’t carry over to the other.
The key difference is chart work persistence: HYCM’s app auto-saves your drawings, while Alpari’s does not. Both brokers earn 4 stars for Mobile Trading Apps, yet HYCM places higher in ForexBrokers.com’s rankings—38th out of 63 brokers—compared with Alpari at 57th. If you value saved annotations on your charts and a stronger category placement, HYCM has the edge; if your needs are basic and you don’t rely on saved chart drawings, either app can work.
| 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.
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)
|
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 | |
| Signal Centre (Acuity Trading) | 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 #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)
|
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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| Broker Gallery (click to expand) |
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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) | |||
| 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) | |||
| 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) |
| 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 | ||
| 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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