Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs BDSwiss, 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) and BDSwiss are both respected online brokers, although they differ in their regulatory frameworks and trust ratings. Founded in 1977, HYCM has established itself as a trusted name in the industry with an 86 Trust Score from ForexBrokers.com. Despite not being publicly traded or functioning as a bank, HYCM offers security through their two Tier-1 licenses and one Tier-2 license. This regulatory structure adds confidence to traders who prioritize safety and reliability.
On the other hand, BDSwiss, founded in 2012, holds a Trust Score of 73, indicating an average level of risk according to ForexBrokers.com. Like HYCM, BDSwiss is neither publicly listed nor a banking institution. The company holds one Tier-1 license but lacks any Tier-2 licenses, reflecting a slightly different approach to regulation and risk management compared to HYCM. For traders, these distinctions might influence the choice between these brokers depending on their specific needs and risk tolerance.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Year Founded | 1977 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of HYCM and BDSwiss, both brokers offer various account options catering to different trading preferences. HYCM provides a competitive pricing structure with its Raw account, featuring an all-in cost of around 0.6 pips for EUR/USD trades. On the other hand, its Classic account involves a higher variable spread starting from 1.2 pips. Additionally, HYCM offers a fixed-spread account with a spread of 1.5 pips, making it a flexible choice for traders looking for predictability in costs.
BDSwiss, while renowned for decent order execution, tends to have higher spreads compared to industry frontrunners. The Classic account's spread of 1.5 pips on EUR/USD is on the expensive side, whereas the Raw account offers a more appealing spread of 0.3 pips plus a $5 commission for each trade, resulting in a total effective spread of 1.3 pips. For those seeking a mid-range option, the VIP account features a spread of 1.2 pips. This variety allows BDSwiss to cater to different trading strategies and preferences.
In terms of ratings and rankings, HYCM edges out BDSwiss with a commissions and fees rating of 4.5 stars, compared to BDSwiss's 4 stars. According to ForexBrokers.com, HYCM ranks #15 out of 63 brokers in the Commissions and Fees category, demonstrating its stronger position in this area. Meanwhile, BDSwiss holds a ranking of #30, indicating areas for improvement in how it structures its commission and fee offerings. These ratings and rankings provide a quick snapshot of each broker's competitiveness in the market.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Minimum Deposit | $20 | $10-$5000 |
| Average Spread EUR/USD - Standard | 1.2 | 1.6 |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| 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.
When comparing the range of investments available between HYCM (Henyep Capital Markets) and BDSwiss, both offer forex trading through CFDs or spot contracts. However, HYCM provides a wider selection with 1,199 tradeable symbols, including 70 forex pairs, whereas BDSwiss offers 1,081 symbols with 53 forex pairs. A standout feature for HYCM is its provision to purchase exchange-traded securities on both U.S. and international exchanges, allowing clients to buy shares in companies like Apple and Vodafone. On the other hand, BDSwiss does not offer this service. Instead, BDSwiss attracts investors with its copy trading feature, which HYCM currently lacks.
Both brokers give traders access to cryptocurrency derivatives, but do not facilitate the purchase of actual cryptocurrencies. In terms of a broader investment range, both brokers receive a 4-star rating for their offerings. According to ForexBrokers.com, HYCM holds a slight edge in the rankings, coming in at 33rd place out of 63 brokers, just ahead of BDSwiss, which is ranked 34th for their Range of Investments.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 1081 |
| Forex Pairs (Total) | 70 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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.
When comparing the trading platforms and tools of HYCM (Henyep Capital Markets) and BDSwiss, both brokers provide traders with several options, including free virtual demo accounts for practice. Both also offer proprietary platforms and support for popular third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For those who prefer a desktop environment, both brokers offer Windows-based trading software, alongside web-based platforms that can be accessed through any browser. However, if copy trading is a priority, BDSwiss stands out as the only one out of the two that offers this feature, enhancing its appeal for traders interested in mirroring the trades of others.
Both HYCM and BDSwiss deliver a solid range of charting tools with 15 drawing tools each, and they provide the ability to trade directly from stock charts. Their watch lists both feature seven customizable fields, making it easy to track preferred financial instruments. Although HYCM and BDSwiss are similarly rated at four stars for their trading platforms and tools, BDSwiss is ranked higher at #24 compared to HYCM's #40 within their category according to ForexBrokers.com. This ranking may reflect BDSwiss's slightly better overall offering, particularly in areas of innovation and advanced trading features.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| 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.
When comparing the mobile trading apps of HYCM (Henyep Capital Markets) and BDSwiss, both brokers offer comprehensive features that cater to traders on the go. Each app is available on iPhone and Android devices, ensuring accessibility for most users. Both platforms support stock and forex price alerts and allow users to create watchlists with real-time quotes. For those who rely heavily on technical analysis, each app provides 30 technical studies and functionality to draw trendlines on charts. Furthermore, users can view multiple time frames—be it daily, weekly, or intraday—and rest assured that drawings on charts will be auto-saved. However, neither broker supports the syncing of watchlists between mobile apps and online accounts.
Despite their similarities, the brokers do differ slightly in their industry standings. Both apps have a respectable rating of 4 out of 5 stars from ForexBrokers.com. In terms of overall ranking among 63 brokers for mobile trading apps, BDSwiss holds the 24th spot, while HYCM is positioned at 37th. This suggests that while both services offer a reliable mobile trading experience, BDSwiss is slightly ahead in terms of user satisfaction and industry recognition. For traders seeking efficient and effective trading on their mobile devices, both HYCM and BDSwiss present robust options with essential features designed to meet the needs of modern trading.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, HYCM (Henyep Capital Markets) and BDSwiss both provide daily market commentary, helping traders stay updated on the latest developments. While both brokers offer informative economic calendars that highlight upcoming global events, their news sourcing differs significantly. HYCM stands out by offering forex news from top-tier sources like Bloomberg and Reuters, whereas BDSwiss does not include news from such high-profile outlets.
On the other hand, BDSwiss surpasses HYCM by providing access to Autochartist, a renowned technical analysis tool that aids traders in identifying market trends. Both brokers utilize Trading Central’s analytical tools, but neither offers sentiment-based trading tools or insights from TipRanks and Acuity Trading. With these factors in mind, BDSwiss holds a slightly better overall research rating of four stars, ranking 24th out of 63 brokers, compared to HYCM’s 3.5-star rating at the 35th position.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both HYCM and BDSwiss provide a solid range of educational resources for those new to forex and CFDs. Each platform offers a minimum of 10 educational pieces, which can include articles, videos, and archived webinars on the subject. They also both provide searchable archives of recorded webinars. HYCM and BDSwiss each host over 10 beginner-level videos designed to cover essential trading topics for newcomers. Notably, BDSwiss goes a step further by offering at least 10 advanced educational videos for more experienced traders, while HYCM does not.
When it comes to client interaction, BDSwiss hosts monthly online educational webinars, providing ongoing learning opportunities, whereas HYCM does not have this feature. However, both platforms offer investor dictionaries that include definitions for over 50 terms, aiding in the demystification of trading jargon. Regarding educational quality ratings, HYCM scores 3.5 out of 5 stars and is ranked 32nd in education quality by ForexBrokers.com. Meanwhile, BDSwiss leads with a 4-star rating, placing 19th out of 63 brokers reviewed. This comparison highlights that while both brokers offer substantial educational content, BDSwiss provides broader and slightly more advanced resources for traders at various levels.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 BDSwiss. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while BDSwiss finished with an overall rank of #36.
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)
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BDSwiss
|
|---|---|---|
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| Trust Score | 86 | 73 |
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Both HYCM (Henyep Capital Markets) and BDSwiss do not offer the ability to buy actual delivered cryptocurrencies, but they do provide options for trading cryptocurrency derivatives.
When comparing online brokers, HYCM (Henyep Capital Markets) and BDSwiss both accept Skrill, Visa, Mastercard, and bank wire transfers for deposits and withdrawals, but only BDSwiss supports ACH or SEPA transfers, while neither offers PayPal.
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) | BDSwiss | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | BDSwiss Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | BDSwiss | |
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| Regulation | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 1977 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 1081 | |
| Forex Pairs (Total) | 70 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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) | BDSwiss | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.6 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Minimum Deposit | $20 | $10-$5000 | |
| 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 | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| 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) | BDSwiss | |
|---|---|---|---|
| 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) | BDSwiss | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| 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 | BDSwiss Review |
| Overall | HYCM (Henyep Capital Markets) | BDSwiss | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | BDSwiss Review |
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