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) - Standard account | 0.93 | 1.3 |
| All-in Cost EUR/USD - Active | 0.61 | 0.6 |
| Non-wire bank transfer | 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, and both also let clients trade cryptocurrency CFDs rather than buying the coins outright. AvaTrade lists 1,260 tradeable symbols, which is slightly more than HYCM’s 1,199, but HYCM offers a wider choice of forex pairs with 70 compared with AvaTrade’s 53. Both brokers earn 4 out of 5 stars for range of investments, with AvaTrade ranked #26 and HYCM ranked #27 out of 36 brokers by ForexBrokers.com.
The biggest difference is in share dealing. HYCM gives clients access to exchange-traded securities on both U.S. and international exchanges, so investors can buy real shares such as Apple or Vodafone. AvaTrade does not offer this, but it does support copy trading, which HYCM does not. Neither broker offers the purchase of actual, delivered cryptocurrency.
| 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 (Henyep Capital Markets) both give traders a wide mix of platform options, including free demo accounts, in-house platforms, desktop downloads for Windows, web-based trading, and access to both MetaTrader 4 and MetaTrader 5. Each broker also lets users trade directly from a chart, which can make placing orders easier for active traders. For everyday users, this means both firms offer familiar tools and a flexible way to trade across devices.
Where AvaTrade stands out is copy trading, which HYCM does not offer. AvaTrade also earns a slightly higher rating for Trading Platforms and Tools, with 4.5 out of 5 stars compared with HYCM’s 4 stars. In ForexBrokers.com’s ranking for this category, AvaTrade places #13 out of 36 brokers, while HYCM comes in at #32, giving AvaTrade the edge for overall platform experience and trading tools.
| 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.
When comparing AvaTrade and HYCM for mobile trading apps, both brokers make it easy to trade on the go with iPhone and Android apps, plus price alerts and chart trendlines. AvaTrade stands out for its stronger mobile charting tools, offering 73 technical studies compared with HYCM’s 30, which can give traders more ways to study price moves from a phone or tablet. AvaTrade also earns a higher mobile app rating at 4.5 out of 5 stars, while HYCM is rated 4 out of 5.
Another key difference is watchlist syncing. AvaTrade lets watchlists stay linked between its mobile app and online account, so updates carry over wherever you log in, while HYCM does not offer this feature. On the other hand, HYCM’s mobile app does auto-save drawings on charts, which AvaTrade does not. In ForexBrokers.com’s Mobile Trading Apps ranking, AvaTrade places #13 out of 36 brokers, compared with HYCM at #30, making AvaTrade the stronger choice overall for mobile trading features.
| 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 forex news from major sources such as Bloomberg, Reuters, and Dow Jones, along with an economic calendar that tracks key global events. Both also offer Trading Central research tools, while neither broker includes Autochartist, TipRanks, or Acuity Trading signals. The main difference is that AvaTrade adds a sentiment tool showing long and short positioning across markets, while HYCM does not. AvaTrade also stands out for its daily market commentary gap, as it does not provide it, whereas HYCM does.
Overall, AvaTrade has a slight edge in market research, backed by a 4-star Research rating and a #28 ranking out of 36 brokers on ForexBrokers.com. HYCM follows closely with a 3.5-star rating and a #29 ranking. For traders who want sentiment data alongside news and charts, AvaTrade may be the better fit, while HYCM is a solid choice for those mainly looking for daily commentary, market news, and an economic calendar.
| 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 stands out for beginner-friendly education, especially if you want to learn forex or CFDs step by step. It offers at least 10 pieces of forex or CFD-focused education, monthly client webinars, 10+ beginner trading videos, and even 10+ advanced videos for traders who want to keep learning. That strong mix helps explain why AvaTrade is rated 4 out of 5 stars for Education and ranks #2 out of 36 brokers in the ForexBrokers.com Education category.
HYCM (Henyep Capital Markets) also gives beginners a useful start, with at least 10 beginner trading videos and 10+ pieces of forex or CFD education. However, it does not offer monthly educational webinars, and it lacks 10+ advanced educational videos for more experienced traders. With a 3.5 out of 5-star Education rating and a #27 ranking out of 36 brokers, HYCM provides a decent learning base, but AvaTrade offers a wider and more complete education library for new traders.
| 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
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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) - Standard account | 0.93 | 1.3 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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