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Charles Schwab vs HYCM (Henyep Capital Markets) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Charles Schwab 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.

Charles Schwab
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5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 40000
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199

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.

Regulation

When comparing Charles Schwab and HYCM (Henyep Capital Markets), both well-established online brokers, there are notable differences in their regulatory credentials and investment offerings. Founded in 1971, Charles Schwab is an established financial institution that is publicly traded and operates as a bank. With a ForexBrokers.com Trust Score of 99 out of 99, Schwab is considered a highly trusted broker. It holds five Tier-1 licenses, reinforcing its reputation for reliability and security. On the other hand, HYCM, founded in 1977, is not publicly traded and does not operate as a bank. It holds two Tier-1 licenses and one Tier-2 license, earning a Trust Score of 86 out of 99, which positions it as a trusted broker but not at the same level as Charles Schwab.

The regulatory landscape for these two brokers underscores distinct approaches to securing client trust and navigating the financial market. Charles Schwab's status as a bank and stock exchange listing provide additional layers of trust and scrutiny, appealing to those seeking stability and a comprehensive financial service provider. Meanwhile, HYCM, while also trusted, focuses on providing solid brokerage services without the additional banking services that Schwab offers. These differences highlight the importance of understanding each broker's regulatory standing and service offerings when making decisions about online trading.

Feature Charles Schwab logoCharles Schwab
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 1971 1977
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 5 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

Comparing forex commissions and fees, Charles Schwab uses a spread-only model while HYCM offers multiple pricing structures. Schwab charges no commission on forex; your cost is the bid/ask spread, with the EUR/USD averaging 1.35 pips in October 2024. HYCM’s Raw account targets tighter pricing with an all-in cost around 0.6 pips on EUR/USD (including commission), while its Classic account has variable spreads from 1.2 pips and its Fixed account is set at 1.5 pips.

Schwab’s lack of a minimum deposit helps new traders get started, and forex access runs through the thinkorswim platform via a Schwab One account. Trades settle in U.S. dollars, the smallest trade size is 10,000 units, and at 20:1 leverage that implies about $500 in margin for the minimum position. Schwab lists overnight financing in-platform so you can estimate carry costs. For international securities, Schwab Global lets you trade in 12 local markets (conversion fees of about 0.2%–1% apply based on balance). Schwab commissions and fees rating: 4 out of 5 stars; ranked #26 of 63.

HYCM’s value depends on the account you choose: the Raw account is the price leader for active traders who don’t mind a commission, while the Classic and Fixed accounts keep things simpler at a higher spread. HYCM commissions and fees rating: 4.5 out of 5 stars; ranked #16 of 63.

Feature Charles Schwab logoCharles Schwab
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $0 $20
Average spread (EUR/USD) - Standard account info 1.32 info 1.2 info
All-in Cost EUR/USD - Active info 1.32 info 0.6 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Looking for variety? Charles Schwab lists about 40,000 tradeable symbols, compared with 1,199 at HYCM (Henyep Capital Markets). Schwab also has a slight edge in forex with 73 currency pairs versus 70. Both brokers support forex trading (as CFDs or spot) and let you buy exchange-traded securities on U.S. and international markets—so you can trade names like Apple on Nasdaq and Vodafone in London.

Crypto access is similar: neither broker lets you buy actual cryptocurrency, but both offer cryptocurrency CFDs. Copy trading is not available at either firm. For range of investments, ForexBrokers.com rates Charles Schwab at 5 stars (ranked 5th of 63), while HYCM earns 4 stars (ranked 34th). If you want the widest choice across markets, Schwab is the stronger pick; if you just need the essentials, HYCM covers the basics well.

Feature Charles Schwab logoCharles Schwab
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 40000 1199
Forex Pairs (Total) info 73 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

Charles Schwab vs HYCM: both online brokers offer free paper-trading demo accounts, proprietary platforms, a Windows desktop download, and a web-based platform. Each also lets you trade directly from charts, though neither supports copy trading.

The biggest difference is MetaTrader support. Charles Schwab does not offer MT4 or MT5, while HYCM supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which may appeal to forex traders who prefer those terminals. According to ForexBrokers.com, Schwab earns 5 stars for Trading Platforms and Tools and ranks 5th out of 63 brokers, while HYCM earns 4 stars and ranks 41st. Choose Schwab if you want top-rated in-house platforms; pick HYCM if you prefer the MetaTrader experience.

Feature Charles Schwab logoCharles Schwab
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 374 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both Charles Schwab and HYCM (Henyep Capital Markets) offer iPhone and Android mobile trading apps. Each app supports price alerts, allows you to draw trendlines on charts, and saves your drawings automatically. One key difference is watchlist syncing: the Charles Schwab mobile app syncs watchlists with your online account, while HYCM does not.

For charting, Charles Schwab’s mobile app includes 374 technical studies compared with HYCM’s 30. Reflecting that gap, ForexBrokers.com rates the Charles Schwab mobile app 5 stars and ranks it #6 out of 63 brokers, while HYCM earns 4 stars and ranks #38. If you want deeper charting tools and synced watchlists, Charles Schwab is the stronger choice; HYCM still covers the essentials on both iOS and Android.

Feature Charles Schwab logoCharles Schwab
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 374 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing Charles Schwab and HYCM (Henyep Capital Markets) for market research, both cover the essentials. Each offers daily market commentary, an economic calendar for global events, and forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Neither broker includes Autochartist, trader sentiment tools, TipRanks, or Acuity Trading integrations.

Where they differ is in third-party research suites: HYCM provides Trading Central tools, while Charles Schwab does not. Even so, Schwab earns the higher marks overall—rated 5 stars for Research and ranked #5 out of 63 brokers by ForexBrokers.com—compared with HYCM’s 3.5-star rating and #36 ranking. Choose Schwab if you want higher-rated in-house research and news coverage; pick HYCM if Trading Central’s analytics are a priority.

Feature Charles Schwab logoCharles Schwab
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info No Yes
Client sentiment data info No No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner trading education, Charles Schwab outpaces HYCM (Henyep Capital Markets). Both brokers offer at least 10 beginner-focused videos, but Schwab adds live client webinars at least once a month and a stronger pathway for growth with 10+ advanced videos. HYCM does not run monthly webinars and does not meet the 10-video threshold for advanced topics. The information provided does not confirm whether either broker offers a dedicated forex or CFDs education library of 10 or more pieces.

Numbers back up the difference: Schwab earns 5 stars for Education and ranks #6 out of 63 brokers on ForexBrokers.com, while HYCM holds 3.5 stars and ranks #32. If you want regular live sessions and content you can grow into, Schwab is the better fit; if you only need starter videos and a simpler setup, HYCM can still work.

Feature Charles Schwab logoCharles Schwab
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Charles Schwab is better than HYCM (Henyep Capital Markets). Charles Schwab finished with an overall rank of #6, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.

Charles Schwab is a highly trusted financial institution and multi-asset broker catering to U.S.-based and international forex traders. Schwab's award-winning thinkorswim platform offers over 70 tradeable currency pairs alongside impressive tools, research, and education. That said, the broker’s forex offering is still largely limited to what is available on thinkorswim.

Feature Charles Schwab logoCharles Schwab
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 86
Range of Investments 5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Charles Schwab or HYCM (Henyep Capital Markets)?

Charles Schwab vs HYCM (Henyep Capital Markets): neither broker supports buying actual (delivered) cryptocurrency, but both allow trading cryptocurrency CFDs.

What funding options does each broker offer?

Charles Schwab vs HYCM (Henyep Capital Markets): Schwab supports ACH/SEPA and bank wire transfers but not PayPal or Skrill, while HYCM supports Skrill and bank wires but not ACH/SEPA or PayPal; Visa/Mastercard availability is not specified for either broker.

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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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Overall Rating Charles Schwab HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 86
Winner check_circle
Review Charles Schwab Review HYCM (Henyep Capital Markets) Review
Broker Screenshots Charles Schwab HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
Schwab thinkorswim mobile forex charting. Schwab thinkorswim desktop forex trading. Schwab research weekly market analysis YouTube video detail. Schwab education courses technical analysis.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation Charles Schwab HYCM (Henyep Capital Markets)
Trust Score info 99 86
Year Founded info 1971 1977
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info No No info
Tier-1 Licenses info 5 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Charles Schwab HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info Yes Yes
Japan (SFC Authorised) info No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No
Regulated in one or more EU or EEA countries (MiFID). info No No info
Tier-2 Licenses (Trusted) Charles Schwab HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No
South Africa (FSCA Authorised) info No
UAE (DFSA, FSRA, or SCA Authorised) info Yes
India (SEBI Authorised) info No
Jordan (JSC Authorised) info
Investments Charles Schwab HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 40000 1199
Forex Pairs (Total) info 73 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 Charles Schwab HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 1.32 info 1.2 info
All-in Cost EUR/USD - Active info 1.32 info 0.6 info
Inactivity Fee info No No
Order execution: Agency info Yes Yes
Order execution: Market Maker info No Yes
Funding Charles Schwab HYCM (Henyep Capital Markets)
Minimum Deposit info $0 $20
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms Charles Schwab HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools Charles Schwab HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 374 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Charles Schwab HYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 374 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research Charles Schwab HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info No Yes
TipRanks info No No
Client sentiment data info No No
Economic Calendar info Yes Yes
Education Charles Schwab HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs Charles Schwab HYCM (Henyep Capital Markets)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Charles Schwab Review HYCM (Henyep Capital Markets) Review
Overall Charles Schwab HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 86
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Review Charles Schwab Review HYCM (Henyep Capital Markets) Review
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