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HYCM (Henyep) vs BDSwiss 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is HYCM (Henyep) better than BDSwiss? In our analysis of 23 international regulators across 39 of the best forex brokers, HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. BDSwiss is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingHYCM (Henyep)BDSwissIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments3.5 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score868399
Winnercheck_circle
ReviewHYCM (Henyep) ReviewBDSwiss ReviewIG Review
RegulationHYCM (Henyep)BDSwissIG
Trust Score868399
Year Founded197720121974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses217
Tier-2 Licenses212
Tier-3 Licenses111
Authorised in European UnionYesYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)HYCM (Henyep)BDSwissIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)YesNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)HYCM (Henyep)BDSwissIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)HYCM (Henyep)BDSwissIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)YesNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoYesNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsHYCM (Henyep)BDSwissIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)245108119537
Forex Pairs (Total)7151100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingNoYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostHYCM (Henyep)BDSwissIG
Average Spread EUR/USD - Standard0.6 (Sept 2021)1.6 (08/10/22)0.86 (September 2022)
All-in Cost EUR/USD - Active0.6 (Sept 2021)1.3 (08/10/22)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerYesNoYes
FundingHYCM (Henyep)BDSwissIG
Minimum Initial Deposit$100$100-$5000 (depending on account type)ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsHYCM (Henyep)BDSwissIG
Proprietary PlatformNoYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsHYCM (Henyep)BDSwissIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingHYCM (Henyep)BDSwissIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesYesYes
ResearchHYCM (Henyep)BDSwissIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistNoYesYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarYesYesYes
EducationHYCM (Henyep)BDSwissIG
Has Education - Forex or CFDsNoYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsHYCM (Henyep)BDSwissIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewHYCM (Henyep) ReviewBDSwiss ReviewIG Review
OverallHYCM (Henyep)BDSwissIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments3.5 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score868399
Winnercheck_circle
ReviewHYCM (Henyep) ReviewBDSwiss ReviewIG Review
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HYCM (Henyep) vs BDSwiss Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep) vs BDSwiss.

Does HYCM (Henyep) or BDSwiss offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM (Henyep) offers better pricing overall for traders.

Is HYCM (Henyep) or BDSwiss safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. HYCM (Henyep) holds 2 global Tier-1 licenses, while BDSwiss holds 1. HYCM (Henyep) holds 2 global Tier-2 licenses, while BDSwiss holds 1. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep) earned a higher Trust Score than BDSwiss.

Which trading platform is better: HYCM (Henyep) or BDSwiss?

To compare the trading platforms of both HYCM (Henyep) and BDSwiss, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both HYCM (Henyep) and BDSwiss offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

HYCM (Henyep) provides traders 71 currency pairs (e.g., EUR/USD) compared to BDSwiss's 51 available pairs. Forex pairs aside, BDSwiss offers traders access to 1081 CFDs while HYCM (Henyep) has 245 available CFDs, a difference of 836.

Can I trust HYCM (Henyep)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Can I trust BDSwiss?

BDSwiss is not publicly traded and does not operate a bank. BDSwiss is authorized by two tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). BDSwiss is authorised by the following tier-1 regulator: the Financial Conduct Authority (FCA).

Is HYCM (Henyep) good?

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.

Is BDSwiss good?

The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols โ€“ though its spreads are higher than industry leaders.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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