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, founded in 2006, and HYCM (Henyep Capital Markets), founded in 1977, are both private online brokers that are not publicly traded and are not banks. In terms of regulation, AvaTrade has the edge with 4 Tier-1 licenses and 4 Tier-2 licenses, while HYCM holds 2 Tier-1 licenses and 1 Tier-2 license. These license counts matter because ForexBrokers.com uses them as part of its trust review, with Tier-1 regulators carrying the most weight.
That difference shows up in their Trust Score ratings as well: AvaTrade scores 96 out of 99, which places it in the highly trusted range, while HYCM scores 85, which falls into the trusted category. For traders comparing online broker safety and oversight, both firms have established regulatory footprints, but AvaTrade offers the stronger regulatory profile and higher trust rating.
| 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 | 4 | 1 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 1 |
AvaTrade and HYCM (Henyep Capital Markets) both score well on commissions and fees, each earning 4.5 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, AvaTrade ranks #14 out of 36 brokers, while HYCM ranks #18 out of 36, giving AvaTrade a slight edge overall. AvaTrade’s spreads are close to the industry average at just under 1 pip, with a 0.9 pip spread as of June 2024, though that is a bit higher than some low-cost entry accounts at brokers like CMC Markets and Tickmill.
For more active traders, AvaTrade’s Professional account can bring spreads down to 0.6 pips, which is in line with what FP Markets offers. HYCM’s pricing depends on the account type you choose: its Raw account is the most competitive, with an all-in EUR/USD cost of about 0.6 pips after commission, while the Classic account starts from 1.2 pips and the fixed-spread account sits at 1.5 pips. In simple terms, HYCM can be very affordable on its Raw account, but its other account options are pricier than AvaTrade’s typical offering.
Overall, AvaTrade looks slightly better for traders who want steady, near-average pricing with a strong ranking, while HYCM may appeal to those who want a low-cost Raw account and do not mind higher spreads on its other account types.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average spread (EUR/USD) - Spread-only account | 0.93 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.61 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
AvaTrade and HYCM (Henyep Capital Markets) both offer forex trading as CFDs, so each gives traders access to the currency market in a similar format. AvaTrade lists 1,260 tradeable symbols, slightly more than HYCM’s 1,199, but HYCM has the wider forex selection with 70 pairs compared with AvaTrade’s 53. Both brokers also offer cryptocurrency CFDs, but neither lets clients buy actual crypto that is delivered to a wallet.
Where the two brokers differ more clearly is in share trading and social features. HYCM offers exchange-traded securities on both U.S. and international exchanges, while AvaTrade does not offer these direct stock purchases. On the other hand, AvaTrade supports copy trading and HYCM does not. Both brokers receive 4 out of 5 stars for Range of Investments, with AvaTrade ranked #27 and HYCM ranked #28 out of 36 brokers by ForexBrokers.com.
| 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. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 give traders a strong mix of platform choices, including free demo accounts for paper trading, their own proprietary platforms, Windows desktop downloads, web-based platforms, MetaTrader 4, and MetaTrader 5. Each broker also lets users trade directly from charts, which can make order entry quicker and easier for active traders. In these core trading platform features, the two brokers are closely matched.
The main difference is that AvaTrade also offers copy trading, while HYCM does not. AvaTrade is rated 4.5 out of 5 stars for Trading Platforms and Tools and ranks #13 out of 36 brokers on ForexBrokers.com, compared with HYCM’s 4-star rating and #35 ranking. That gives AvaTrade a clear edge overall for traders looking for more platform tools and a bit more flexibility.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 80 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
AvaTrade and HYCM both offer mobile trading apps for iPhone and Android, along with price alerts and the ability to draw trendlines on charts. Both apps give traders a way to follow the markets while away from a desktop, making them useful for checking positions and reacting to price moves on the go.
Where AvaTrade stands out is in watchlist syncing, more chart tools, and stronger overall ratings. AvaTrade syncs watchlists between the mobile app and online account, offers 73 technical studies in its app charts, and is rated 4.5 out of 5 stars for mobile trading apps, ranking #13 out of 36 brokers by ForexBrokers.com. HYCM does not sync watchlists, offers 30 technical studies, and is rated 4 stars, ranking #33 out of 36. HYCM does have one app feature AvaTrade lacks: it auto-saves drawings on charts.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
AvaTrade and HYCM both give traders access to key market research tools, including forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking upcoming global events. Each also offers Trading Central tools for technical and fundamental analysis, while neither provides Autochartist, TipRanks, or Acuity Trading research. The main difference is that AvaTrade adds a sentiment tool that shows long versus short positioning across instruments, while HYCM does not.
In daily market commentary, HYCM has the edge because it publishes it and AvaTrade does not. That said, AvaTrade still scores slightly higher overall for research, with a 4-star rating and a ForexBrokers.com ranking of #30 out of 36 brokers, compared with HYCM’s 3.5-star rating and #32 ranking. For traders who want sentiment data, AvaTrade may be more useful; for those who value daily commentary, HYCM has the advantage.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
AvaTrade comes out ahead of HYCM (Henyep Capital Markets) for beginner-friendly education. AvaTrade offers forex and CFDs learning material, monthly educational client webinars, at least 10 beginner trading videos, and even 10 or more advanced videos for traders who want to keep learning. That wider mix helps new traders start with the basics and grow over time, which may explain why AvaTrade is rated 4 stars for Education and ranks #2 out of 36 brokers in ForexBrokers.com’s Education category.
HYCM also offers beginner trading videos and forex or CFDs education, so it does give new users a place to start. However, it does not provide monthly educational webinars and does not match AvaTrade’s depth of advanced video content. With a 3.5-star Education rating and a #28 ranking out of 36 brokers, HYCM may suit beginners who want some starting material, but AvaTrade is the stronger choice for a fuller learning experience.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 #15, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, along with strong educational resources and copy trading support.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 96 | 85 |
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AvaTrade vs HYCM (Henyep Capital Markets): neither broker supports purchasing actual delivered cryptocurrencies, but both offer cryptocurrency CFD trading.
AvaTrade vs HYCM: both brokers do not support ACH or SEPA transfers, both allow Skrill and bank wire deposits/withdrawals, AvaTrade additionally supports PayPal while HYCM does not, and Visa/Mastercard availability was not specified for either.
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 | 96 | 85 | |
| 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 | 96 | 85 | |
| 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 | 4 | 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 (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | Yes | ||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 0.93 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.61 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 80 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | AvaTrade Review | HYCM (Henyep Capital Markets) Review |
| Overall | AvaTrade | HYCM (Henyep Capital Markets) | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | HYCM (Henyep Capital Markets) Review |
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