Written by ForexBrokers.com
In this head to head comparison of AvaTrade vs HYCM (Henyep Capital Markets), 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.
AvaTrade and HYCM (Henyep Capital Markets) are both well-established online brokers offering various trading services. AvaTrade, founded in 2006, is considered highly trusted with a ForexBrokers.com Trust Score of 94 out of 99. It holds four Tier-1 licenses and three Tier-2 licenses, showcasing its strong regulatory compliance. On the other hand, HYCM, with a longer history dating back to 1977, achieves a Trust Score of 86, making it trusted by ForexBrokers.com standards. It operates under two Tier-1 licenses and one Tier-2 license, indicating it is well-regulated though slightly less so than AvaTrade.
Neither AvaTrade nor HYCM is publicly traded or operates as a bank. Their regulatory standings highlight their commitment to ensuring client security and operating within the financial industry's guidelines. AvaTrade's slightly higher Trust Score and broader regulatory licensing give it a competitive edge in terms of perceived trustworthiness. However, HYCM's long-standing industry presence and solid trust rating maintain its appeal for traders seeking reliable brokerage services.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2006 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing AvaTrade and HYCM in terms of commissions and fees, both brokers stand out with competitive offerings. AvaTrade features spreads that hover around the industry average, just under one pip (0.9 pips as of June 2024). Despite being slightly higher than CMC Markets and Tickmill's entry-level accounts, AvaTrade provides an appealing option for professional traders, offering spreads of 0.6 pips on its Professional account. This competitive pricing earns AvaTrade a commendable rating of 4.5 stars and a #12 ranking out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
HYCM, on the other hand, provides its customers with a variety of account types for different trading needs. The Raw account stands out for its cost-effectiveness, offering an all-in cost of around 0.6 pips for the popular EUR/USD pair after considering commissions. For those opting for the Classic account, traders will encounter some variability, with spreads starting from 1.2 pips. Additionally, HYCM provides a fixed-spread account option at 1.5 pips. Like AvaTrade, HYCM also garners a solid 4.5-star rating for its pricing structure and holds the #15 spot among 63 brokers in the same category.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 0.93 | 1.2 |
| All-in Cost EUR/USD - Active | 0.61 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
AvaTrade and HYCM both excel at providing diverse investment opportunities, with each offering trading in forex as either CFDs or spot contracts. AvaTrade boasts a slightly higher number of tradable symbols at 1260 compared to HYCM's 1199. However, for forex enthusiasts, HYCM presents a broader selection with 70 currency pairs against AvaTrade’s 53. While AvaTrade does not provide direct access to exchange-traded securities on U.S. or international exchanges, HYCM allows clients to invest directly in both U.S. and international stocks, such as Apple and Vodafone.
For traders interested in cryptocurrency derivatives, both AvaTrade and HYCM offer comparable services, though neither supports actual cryptocurrency purchases. A distinctive feature of AvaTrade is its support for copy trading, which HYCM does not offer. When it comes to overall rating for Range of Investments, both brokers score equally with 4 stars each. Nonetheless, AvaTrade slightly edges out HYCM in the ForexBrokers.com rankings, positioned one place higher at #32 out of 63 brokers in the category.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 1199 |
| Forex Pairs (Total) | 53 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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.
AvaTrade and HYCM both offer free virtual demo accounts, allowing traders to test their skills without financial risk. Both brokers have developed their own proprietary trading platforms, and provide access to Windows-based desktop and web-based platforms for convenient trading. While MetaTrader 4 and MetaTrader 5 are available with both brokers, AvaTrade supports additional features like copy trading, DupliTrade, and ZuluTrade, which are not offered by HYCM. For charting tools, AvaTrade provides 13 drawing tools and the capability to trade directly from a stock chart, matching HYCM's offering in the direct trading capability, but falling slightly behind HYCM's 15 available drawing tools.
When it comes to organizing and customizing market information, AvaTrade and HYCM both allow traders to create watch lists with up to 7 columns. In terms of overall rating for trading platforms and tools, AvaTrade scores 4.5 out of 5 stars, while HYCM receives 4 stars. According to ForexBrokers.com, AvaTrade is ranked 13th out of 63 brokers in the Trading Platforms and Tools category, showing a substantial edge over HYCM, which stands in the 40th position.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 30 |
| Charting - Drawing Tools (Total) | 13 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both AvaTrade and HYCM offer mobile trading apps for iPhone and Android devices, making it convenient for users to trade on the go. They both provide essential features such as price alerts, trendline drawing capabilities, and the option to view different time frames on charts. However, AvaTrade stands out with 73 technical studies available for charting compared to HYCM's 30, and it offers watchlist symbol syncing across devices, which HYCM lacks. Despite these differences, users can create watchlists with real-time quotes on both platforms, ensuring they stay updated with market movements.
When considering overall user satisfaction, AvaTrade earns a slightly higher rating of 4.5 out of 5 stars for its mobile trading app, compared to HYCM's 4 stars. ForexBrokers.com ranks AvaTrade at #13 out of 63 brokers, whereas HYCM is positioned at #37. One notable feature where HYCM excels is its ability to auto-save drawings on stock or forex charts, a convenience not offered by AvaTrade. Ultimately, both brokers provide solid options for mobile trading, but AvaTrade edges ahead with more advanced features and higher user ratings.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing AvaTrade and HYCM for market research offerings, both brokers provide access to top-tier forex news from sources like Bloomberg and Reuters, ensuring traders stay informed. Both offer tools from Trading Central, enhancing the trading experience with insightful technical analysis. AvaTrade stands out by offering a sentiment-based trading tool, which provides a unique perspective on market trends by displaying the ratio of long or short positions across various currency pairs. While HYCM falls short in this area, both brokers offer comprehensive economic calendars to keep traders updated on international financial events.
Neither AvaTrade nor HYCM provides tools from Autochartist or market research from TipRanks or Acuity Trading. Unfortunately, AvaTrade does not provide daily market commentary, a service HYCM offers for added daily insights. AvaTrade is rated slightly higher for research with a 4-star rating, compared to HYCM's 3.5 stars. According to ForexBrokers.com, AvaTrade ranks 34th out of 63 brokers in the research category, barely edging out HYCM, which is ranked 35th. This subtle difference makes AvaTrade a more attractive option for those prioritizing research resources.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing AvaTrade and HYCM for their educational resources aimed at beginners, both brokers offer a solid foundation with a variety of materials. AvaTrade and HYCM each provide more than 10 educational pieces focused on forex and CFDs, making them a good starting point for those new to trading. While both brokers maintain a searchable archive of recorded webinars, AvaTrade stands out with monthly live webinars, a feature HYCM doesn't match. For those who prefer visual learning, both platforms offer at least 10 educational videos tailored for beginners, though AvaTrade goes a step further with advanced videos for experienced traders.
An investor dictionary with over 50 trading terms is available from both AvaTrade and HYCM, aiding newcomers in building their trading vocabulary. In terms of education rating, AvaTrade is rated 4 stars, while HYCM holds a 3.5-star rating. This difference is mirrored in their rankings on ForexBrokers.com, with AvaTrade claiming the #2 spot out of 63 brokers in the education category, compared to HYCM, which stands at #32. Overall, AvaTrade emerges as a leader for those seeking comprehensive educational support.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 AvaTrade is better than HYCM (Henyep Capital Markets). AvaTrade finished with an overall rank of #13, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 94 | 86 |
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Both AvaTrade and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrencies but do provide options for trading cryptocurrency derivatives.
Both AvaTrade and HYCM provide the option for clients to deposit or withdraw funds via Skrill, Visa, Mastercard, and bank wires; however, AvaTrade offers the additional convenience of PayPal, unlike HYCM, and neither of these brokers supports ACH or SEPA 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 | AvaTrade | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | AvaTrade | HYCM (Henyep Capital Markets) | |
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| Regulation | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 2006 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 1199 | |
| Forex Pairs (Total) | 53 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.61 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 80 | 30 | |
| Charting - Drawing Tools (Total) | 13 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | AvaTrade Review | HYCM (Henyep Capital Markets) Review |
| Overall | AvaTrade | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | HYCM (Henyep Capital Markets) Review |
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